Plant-based meat market size to grow by USD 12,532.87 million from 2022 to 2027; Growth is driven by new product launches- Technavio

NEW YORK, June 22, 2023 /PRNewswire/ -- The plant-based meat market is forecasted to grow by USD 12,532.87 million from 2022 to 2027. The growth momentum will accelerate at a CAGR of 26.1% during the forecast period, according to Technavio. Discover some insights on market size, historic period (2017 to 2021), and Forecast (2023 to 2027) before buying the full report -Request a sample report

Plant-based meat market – Vendor Analysis
Vendor Landscape - The global plant-based meat market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer plant-based meat in the market are Albertsons Co. Inc, Beyond Meat Inc., Conagra Brands Inc., Ecozone, Gathered Foods Corp., Green Monday, Hormel Foods Corp., Impossible Foods Inc., Jensen Meat Co., Kellogg Co, Kerry Group Plc, Kroger Co., Maple Leaf Foods Inc., Monde Nissin Corp., Nestle SA, New Wave Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever PLC and others.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Albertsons Co. Inc - The company offers various plant-based meat such as beafy crumbles, breakfast sausages, and patties.
• Beyond Meat Inc. - The company offers various plant-based meat such as chicken drumsticks, meatballs, and chicken nuggets.
• Conagra Brands Inc. - The company offers various plant-based meat products such as chicken noodles, chicken rice, and sausages under the brand name of Gardein.
• For details on the vendor and their offerings – Request a sample report

Plant-based Meat Market - Segmentation Assessment

Segment Overview

This report extensively covers market segmentation by food service system (frozen, refrigerated, and shelf-stable), type (plant-based beef, plant-based chicken, plant-based pork, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by the frozen segment will be significant. Frozen meat products offer nutritional benefits to consumers. Some vendors are also focusing on expanding their presence in the market by opening new production facilities for frozen meat products. Such expansions by vendors offering frozen meat may increase the sales of these products and drive market growth during the forecast period.

Geography Overview
By geography, the global plant-based meat market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global plant-based meat market.

• North America is estimated to account for 41% of the growth of the global market during the forecast period. The region is growing owing to its health consciousness and growing concern about the environmental impacts of meat production. The increasing number of new product launches, investments, and the popularity of plant-based meat products among millennials will also drive the growth of the market in North America during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Plant-based Meat Market – Market Dynamics

Leading Drivers -

The new product launches are notably driving the market growth. Due to the growing health awareness of consumers and environmental concerns, the demand for plant-based meat products is increasing. To meet the growing demand for plant-based meat products, vendors around the world are launching new products. Successful new product launches increase suppliers' revenue streams and market share.

One such new product launch includes two new iterations of its plant-based burger, with one version offering a more meaty experience and the other being a more nutritious version of its burger, by Beyond Meat. Such factors will drive market growth during the forecast period. 

Key Trends -

Changing consumer demographics is an emerging trend influencing the market. The growing health consciousness of consumers is increasing the demand for healthier food and beverages. The recent incidence of chronic health problems such as diabetes, indigestion, allergies, and obesity has increased among consumers worldwide.

This has led to people becoming health conscious and wanting to follow a healthier diet that prevents or reduces the risks of these diseases. Hence, such trends drive the market growth during the forecast period.

Major challenges - 

The increasing consumption of animal meat is a major challenge impeding market growth. Consumption of meat such as pork, beef, and chicken is increasing in several countries such as the United States, China, India, and Russia. In quantitative terms, the US was the largest beef market in 2020. Beef consumption in the US grew significantly between 2019 and 2020.

Quantitatively, chicken consumption increased by more than 2% in the United States and 1% in China in 2019-2020. Thus, increasing consumption of animal meat products will negatively affect the growth of the global market during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Plant-based Meat Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Plant-based Meat Market between 2023 and 2027
• Precise estimation of the size of the Plant-based Meat Market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Plant-based Meat Market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Plant-based Meat Market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

• The plant-based burger patties market size is forecasted to increase by USD 2.13 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 41.1%. This report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising awareness of adverse effects of meat consumption is one of the key drivers supporting the plant-based burger patties market growth. 
• The camel meat market size is forecasted to increase by USD 74.5 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.26%. This report extensively covers music market segmentation by product (processed camel meat and fresh camel meat) and geography (Middle East and Africa, Europe, APAC, North America, and South America). The health benefits of camel meat is notably driving the camel meat market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Foodservice System
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global plant-based meat market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global plant-based meat market 2017 - 2021 ($ million)

• 4.2 By Foodservice System Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – By Foodservice System Segment 2017 - 2021 ($ million)

• 4.3 By Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – By Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Foodservice System

• 6.1 Market segments
• Exhibit 30: Chart on Foodservice System - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Foodservice System - Market share 2022-2027 (%)

• 6.2 Comparison by Foodservice System 
• Exhibit 32: Chart on Comparison by Foodservice System
• Exhibit 33: Data Table on Comparison by Foodservice System

• 6.3 Frozen - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Frozen - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Frozen - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Frozen - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Frozen - Year-over-year growth 2022-2027 (%)

• 6.4 Refrigerated - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Refrigerated - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Refrigerated - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Refrigerated - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Refrigerated - Year-over-year growth 2022-2027 (%)

• 6.5 Shelf-stable - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Shelf-stable - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Shelf-stable - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Shelf-stable - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Shelf-stable - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Foodservice System 
• Exhibit 46: Market opportunity by Foodservice System ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Plant based beef - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Plant based beef - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Plant based beef - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Plant based beef - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Plant based beef - Year-over-year growth 2022-2027 (%)

• 7.4 Plant based chicken - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Plant based chicken - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Plant based chicken - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Plant based chicken - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Plant based chicken - Year-over-year growth 2022-2027 (%)

• 7.5 Plant based pork - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Plant based pork - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Plant based pork - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Plant based pork - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Plant based pork - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Italy - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Albertsons Co. Inc
• Exhibit 120: Albertsons Co. Inc - Overview
• Exhibit 121: Albertsons Co. Inc - Product / Service
• Exhibit 122: Albertsons Co. Inc - Key offerings

• 12.4 Beyond Meat Inc.
• Exhibit 123: Beyond Meat Inc. - Overview
• Exhibit 124: Beyond Meat Inc. - Product / Service
• Exhibit 125: Beyond Meat Inc. - Key offerings

• 12.5 Conagra Brands Inc.
• Exhibit 126: Conagra Brands Inc. - Overview
• Exhibit 127: Conagra Brands Inc. - Business segments
• Exhibit 128: Conagra Brands Inc. - Key news
• Exhibit 129: Conagra Brands Inc. - Key offerings
• Exhibit 130: Conagra Brands Inc. - Segment focus

• 12.6 Ecozone
• Exhibit 131: Ecozone - Overview
• Exhibit 132: Ecozone - Product / Service
• Exhibit 133: Ecozone - Key offerings

• 12.7 Gathered Foods Corp.
• Exhibit 134: Gathered Foods Corp. - Overview
• Exhibit 135: Gathered Foods Corp. - Product / Service
• Exhibit 136: Gathered Foods Corp. - Key offerings

• 12.8 Green Monday
• Exhibit 137: Green Monday - Overview
• Exhibit 138: Green Monday - Product / Service
• Exhibit 139: Green Monday - Key offerings

• 12.9 Hormel Foods Corp.
• Exhibit 140: Hormel Foods Corp. - Overview
• Exhibit 141: Hormel Foods Corp. - Business segments
• Exhibit 142: Hormel Foods Corp. - Key news
• Exhibit 143: Hormel Foods Corp. - Key offerings
• Exhibit 144: Hormel Foods Corp. - Segment focus

• 12.10 Impossible Foods Inc. 
• Exhibit 145: Impossible Foods Inc. - Overview
• Exhibit 146: Impossible Foods Inc. - Product / Service
• Exhibit 147: Impossible Foods Inc. - Key offerings

• 12.11 Jensen Meat Co.
• Exhibit 148: Jensen Meat Co. - Overview
• Exhibit 149: Jensen Meat Co. - Product / Service
• Exhibit 150: Jensen Meat Co. - Key offerings

• 12.12 Kellogg Co
• Exhibit 151: Kellogg Co - Overview
• Exhibit 152: Kellogg Co - Business segments
• Exhibit 153: Kellogg Co - Key news
• Exhibit 154: Kellogg Co - Key offerings
• Exhibit 155: Kellogg Co - Segment focus

• 12.13 Kerry Group Plc
• Exhibit 156: Kerry Group Plc - Overview
• Exhibit 157: Kerry Group Plc - Business segments
• Exhibit 158: Kerry Group Plc - Key offerings
• Exhibit 159: Kerry Group Plc - Segment focus

• 12.14 Maple Leaf Foods Inc. 
• Exhibit 160: Maple Leaf Foods Inc. - Overview
• Exhibit 161: Maple Leaf Foods Inc. - Business segments
• Exhibit 162: Maple Leaf Foods Inc. - Key offerings
• Exhibit 163: Maple Leaf Foods Inc. - Segment focus

• 12.15 Monde Nissin Corp.
• Exhibit 164: Monde Nissin Corp. - Overview
• Exhibit 165: Monde Nissin Corp. - Product / Service
• Exhibit 166: Monde Nissin Corp. - Key offerings

• 12.16 The Kraft Heinz Co.
• Exhibit 167: The Kraft Heinz Co. - Overview
• Exhibit 168: The Kraft Heinz Co. - Business segments
• Exhibit 169: The Kraft Heinz Co. - Key offerings
• Exhibit 170: The Kraft Heinz Co. - Segment focus

• 12.17 The Tofurky Co. Inc.
• Exhibit 171: The Tofurky Co. Inc. - Overview
• Exhibit 172: The Tofurky Co. Inc. - Product / Service
• Exhibit 173: The Tofurky Co. Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED