Plant-Based Meat Consumption Moving from Niche to Norm, reports Packaged Facts

News provided by

Nov 09, 2020, 11:17 ET

ROCKVILLE, Md., Nov. 9, 2020 /PRNewswire/ -- Nearly one-fourth of U.S. consumers report eating plant-based meat, poultry, or seafood products, revealing that plant-based products are going mainstream and are no longer niche, according to market research firm Packaged Facts in the new study Meat, Poultry, & Seafood Alternatives: Plant-Based & Cultured Cell-Based Types.

"Packaged Facts' August 2020 National Online Consumer Survey found that 23% of consumers claim to eat any variety of plant-based meat products," says Jennifer Mapes-Christ, Packaged Facts' food and beverage publisher. "There are opportunities to target this burgeoning minority of consumers, who may be persuaded to use larger volumes of plant-based meat in their diets. The 77% of consumers who do not eat plant-based meat products also suggests that marketers have a lot of room to increase penetration among the population."

Opportunities indeed abound. Packaged Facts' data indicate that a full 37% of consumers who do not eat plant-based meat are open to trying these products, revealing there truly is a lot of room for more household penetration. For the other 63% of consumers who are not open to trying plant-based meat, perceptions of plant-based meat may eventually change over time and allow more people to be open to using these products.

Despite so many consumers being curious and open to trying alternatives to meat, poultry, or seafood, it is important to note that they may not become regular buyers if their conditions for trying plant-based meat are not met. In fact, even consumers who already eat plant-based meat products may not do so regularly because it may not be practical at current price points or with limited product varieties being available (leading to less than desirable meal variety).

About the Report

Meat, Poultry, & Seafood Alternatives: Plant-Based & Cultured Cell-Based Types is now on sale. Purchase the report by visiting: https://www.packagedfacts.com/Meat-Poultry-Seafood-Alternatives-Plant-Based-Cultured-Cell-Types-13737898/.

Throughout the report, historical sales of plant-based meat products are available for 2018 and 2019 as well as forecasts for 2020, 2024, and 2029. Sales are segmented by type (beef, chicken, veggie/fruit specified, non-specified meat, pork, seafood, turkey, and other plant-based meat); form (bacon; burgers; chunks and strips; deli slices; grounds; links; meatballs; nuggets, tenders, and cutlets; patties; and other forms), and storage method (frozen, refrigerated, and shelf stable). The market for cell-cultured/cultivated meat products is forecast for 2024, 2029, 2034, and 2039.

Please contact Packaged Facts' Communications Manager Daniel Granderson at [email protected] to request the report executive summary.

About Packaged Facts

Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, and pet products and services. Packaged Facts also offers a full range of custom research services. Reports can be purchased at our company website and are also available through MarketResearch.com.

For more essential insights from Packaged Facts be sure to follow us on Twitter (@packaged_facts), LinkedIn, and YouTube.

Media Contact: [email protected]
Report Purchases: [email protected]

SOURCE Packaged Facts