• Phone: +1-631-791-1145
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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Plant-Based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global plant-based meat market grew at a CAGR of around 22% during 2014-2019. Plant-based meat refers to a meat-like, vegan alternative that resembles meat products in color, texture, appearance, and flavor. Generally, it is produced by mixing plant protein isolates, starch, vegetable extracts, edible oils, and various other seasonings. These raw materials are further processed with additives and coloring agents to attain flavor and texture, similar to animal meat. Plant-based meat products help in reducing meat intake, thereby minimizing the risks of cardiovascular diseases, lowering blood cholesterol, maintaining calories, and increasing protein consumption. Furthermore, the meat variant is also considered to be ecologically sustainable as it helps in reducing the high consumption of meat produce. Owing to this, plant-based meat products are widely available across restaurants, cafes, fast food joints, hypermarkets/supermarkets, convenience/specialty stores, and other catering platforms.

Global Plant Based Meat Market

The prevalent trend of veganism coupled with the rising concerns towards animal welfare and protection has led to the increasing demand for meat alternatives, such as plant-based meat. Furthermore, the growing consumer health concerns along with the high prevalence of obesity, diabetes, etc., have also augmented the product demand owing to its low calorie and high-protein content. Additionally, changing consumer inclination from non-vegetarian diet towards plant protein-sourced foods along with the rising adoption of flexitarian and vegetarian diet, particularly across North America and Europe, has also catalyzed the market growth. Across several emerging economies, such as India, China, Brazil, Turkey, etc., the rapid urbanization coupled with the elevating consumer living standards have increased the per capita expenditures on premium-quality food products, such as vegan food. Apart from this, the introduction of several awareness programs by various animal welfare organizations, such as PETA, for reducing excessive animal killing for meat consumption, also propels the product demand. Moreover, owing to the changing consumer tastes and preferences, several manufacturers are introducing vegan meat products with better aroma, texture, longer shelf life, and high nutritional value. Additionally, various prominent food companies are entering into strategic partnerships with several vegan meat producing start-ups for expanding their product portfolios, thereby leading to product premiumization. Furthermore, the rising adoption of these meat products across several cuisines, including Chinese, Thai, Italian, etc., will continue to fuel the growth of the global plant-based meat market in the coming years. Looking forward, IMARC Group expects the market to continue its robust growth during the next five years.

Breakup by Product Type:

  • Burger Patties
  • Sausages
  • Nuggets and Strips
  • Ground Meat
  • Meatballs
  • Others
     

Breakup by Source:

  • Soy
  • Wheat
  • Peas
  • Other
     

Breakup by Meat Type:

  • Chicken
  • Beef
  • Pork
  • Other
     

Breakup by Distribution Channel:

  • Restaurants and Catering Industry
  • Supermarkets and Hypermarkets
  • Convenience and Specialty Stores
  • Online Retail
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • Italy
    • France
    • Netherlands
    • Sweden
    • Others
  • Asia Pacific
    • China
    • Australia
    • South Korea
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amy's Kitchen, Inc., Beyond Meat, Boca Foods Company (Kraft Foods, Inc.), Garden Protein International (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods, MorningStar Farms (Kellogg Na Co.), Quorn Foods, The Vegetarian Butcher, and Vbites Food Limited.

Key Questions Answered in This Report:

  • How has the global plant-based meat performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What has been the impact of Covid-19 on the plant-based meat market?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the meat type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global plant-based meat and who are the key players?
  • What is the degree of competition in the market?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Plant-Based Meat Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of Covid-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Burger Patties 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sausages
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nuggets and Strips
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Ground Meat
        6.4.1 Market Trends
        6.4.2 Market Forecast
   6.5    Meatballs
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Other
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Source
    7.1    Soy
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Wheat
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Peas 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Other 
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Meat Type
   8.1    Chicken
        8.1.1 Market Trends
        8.1.2 Market Forecast
   8.2    Beef
        8.2.1 Market Trends
        8.2.2 Market Forecast
   8.3    Pork
        8.3.1 Market Trends
        8.3.2 Market Forecast
   8.4    Other
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Distribution Channel
   9.1 Restaurant and Catering Industry
        9.1.1 Market Trends
        9.1.2 Market Forecast
   9.2 Supermarkets and Hypermarkets
        9.2.1 Market Trends
        9.2.2 Market Forecast
   9.3   Convenience and Specialty Stores        
       9.3.1 Market Trends
       9.3.2 Market Forecast
   9.4   Online Retail
       9.4.1 Market Trends
       9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Europe
        10.2.1 United Kingdom
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Germany
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
       10.2.3 Italy
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
    10.2.4 France
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
    10.2.5 Netherlands
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
    10.2.6 Sweden
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
    10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Asia Pacific
        10.3.1 China
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 Australia
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 South Korea
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
    10.3.4 Others
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
    10.4    Latin America
    10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
    10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Egypt
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
        10.5.4 Others
           10.5.4.1 Market Trends
           10.5.4.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amy's Kitchen, Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Business Portfolio
           14.3.1.3 SWOT Analysis
        14.3.2    Beyond Meat
           14.3.2.1 Company Overview
           14.3.2.2 Business Portfolio 
           14.3.2.3 Financial Portfolio
           14.3.2.4 SWOT Analysis
        14.3.3    Boca Foods Company (Kraft Foods, Inc.)
           14.3.3.1 Company Overview
           14.3.3.2 Business Portfolio 
           14.3.3.3 SWOT Analysis
        14.3.4   Garden Protein International, Inc. (Conagra Brands, Inc.)
           14.3.4.1 Company Overview
           14.3.4.2 Business Portfolio 
           14.3.4.3 SWOT Analysis
        14.3.5    Impossible Foods, Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Business Portfolio 
           14.3.5.3 SWOT Analysis
       14.3.6    Maple Leaf Foods
           14.3.6.1 Company Overview
           14.3.6.2 Business Portfolio 
           14.3.6.3 Financial Portfolio
           14.3.6.4 SWOT Analysis
        14.3.7   MorningStar Farms (Kellogg Na Co.)
           14.3.7.1 Company Overview
           14.3.7.2 Business Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Quorn Foods
           14.3.8.1 Company Overview
           14.3.8.2 Business Portfolio 
           14.3.8.3 SWOT Analysis    
        14.3.9    The Vegetarian Butcher
           14.3.9.1 Company Overview
           14.3.9.2 Business Portfolio 
           14.3.9.3 SWOT Analysis
        14.3.10   Vbites Food Limited
           14.3.10.1 Company Overview
           14.3.10.2 Business Portfolio 
           14.3.10.3 SWOT Analysis

List of Figures

Figure 1: Global: Plant-Based Meat Market: Major Drivers and Challenges
Figure 2: Global: Plant-Based Meat Market: Sales Value (in Million US$), 2014-2019
Figure 3: Global: Plant-Based Meat Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Plant-Based Meat Market: Breakup by Source (in %), 2019
Figure 5: Global: Plant-Based Meat Market: Breakup by Meat Type (in %), 2019
Figure 6: Global: Plant-Based Meat Market: Breakup by Distribution Channel (in %), 2019
Figure 7: Global: Plant-Based Meat Market: Breakup by Region (in %), 2019
Figure 8: Global: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Global: Plant-Based Meat (Burger Patties) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Plant-Based Meat (Burger Patties) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Plant-Based Meat (Sausages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Plant-Based Meat (Sausages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Plant-Based Meat (Nuggets and Strips) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Plant-Based Meat (Nuggets and Strips) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Plant-Based Meat (Ground Meat) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Plant-Based Meat (Ground Meat) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Plant-Based Meat (Meatballs) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Plant-Based Meat (Meatballs) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Plant-Based Meat (Other Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Plant-Based Meat (Other Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Plant-Based Meat (Soy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Plant-Based Meat (Soy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Plant-Based Meat (Wheat) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Plant-Based Meat (Wheat) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Plant-Based Meat (Peas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Plant-Based Meat (Peas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Plant-Based Meat (Other Sources) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Plant-Based Meat (Other Sources) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Plant-Based Meat (Chicken) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Plant-Based Meat (Chicken) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Plant-Based Meat (Beef) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Plant-Based Meat (Beef) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Plant-Based Meat (Pork) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Plant-Based Meat (Pork) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Plant-Based Meat (Other Meat Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Plant-Based Meat (Other Meat Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Plant-Based Meat (Restaurants and Catering Industry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Plant-Based Meat (Restaurants and Catering Industry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Plant-Based Meat (Convenience and Specialty Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Plant-Based Meat (Convenience and Specialty Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Plant-Based Meat (Online Retail) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Plant-Based Meat (Online Retail) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: North America: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: North America: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: United States: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: United States: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Canada: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Canada: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Europe: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Europe: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: United Kingdom: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: United Kingdom: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Germany: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Germany: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Italy: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Italy: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: France: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: France: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Netherlands: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Netherlands: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Sweden: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Sweden: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Asia Pacific: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Asia Pacific: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: China: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: China: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Australia: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Australia: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: South Korea: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: South Korea: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Latin America: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Latin America: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Brazil: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Brazil: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Mexico: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Mexico: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Middle East and Africa: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Middle East and Africa: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Turkey: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Turkey: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Saudi Arabia: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Saudi Arabia: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: UAE: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: UAE: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Others: Plant-Based Meat Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Others: Plant-Based Meat Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Global: Plant-Based Meat Industry: SWOT Analysis
Figure 96: Global: Plant-Based Meat Industry: Value Chain Analysis
Figure 97: Global: Plant-Based Meat Industry: Porter’s Five Forces Analysis

List of Tables 

Table 1: Global: Plant-Based Meat Market: Key Industry Highlights, 2019 & 2025
Table 2: Global: Plant-Based Meat Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Plant-Based Meat Market Forecast: Breakup by Source (in Million US$), 2020-2025
Table 4: Global: Plant-Based Meat Market Forecast: Breakup by Meat Type (in Million US$), 2020-2025
Table 5: Global: Plant-Based Meat Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 6: Global: Plant-Based Meat Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Plant-Based Meat Market: Competitive Structure
Table 8: Global: Plant-Based Meat Market: Key Players        

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