Global Plant-Based Meat Market Growing at healthy CAGR By Source, Product ,Type, Process , End-Use, Geography With Top Players like Foods Inc.; Gold&Green Foods Ltd.; VBites Foods Limited; Maple Leaf Foods; Beyond Meat.; Vegetarian Butcher
Plant-based meat products are made to mimic properties found within natural meats and are considered to be meat substitutes. They are made using plant and other non-animal products to look, taste, and feel like meat products. Examples include: seitan, falafel, tempeh, Tofurky, Beyond Meat burgers, and Mock duck.
Global plant-based meat market is expected to rise to an estimated value of USD 284.53 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
The Plant-Based Meat Market report considers new product development from beginning to launch by performing detailed market study. Getting thoughtful about competitive landscape is another significant aspect of this market report.This Plant-Based Meat Market research report gives solutions for many critical business questions and challenges associated with Food & Beverage industry due to which it is highly preferred.
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Top Key PLayers: Impossible Foods Inc.; Gold&Green Foods Ltd.; VBites Foods Limited; Maple Leaf Foods; Beyond Meat.; Vegetarian Butcher; Conagra Brands, Inc.; Marlow Foods; KELLOGG NA CO.; Amy’s Kitchen, Inc.; Sunfed; Tofurky; Atlantic Natural Foods; Fry Family Food; Nutrisoy Pty Ltd; Nasoya Foods USA, LLC, a division of Pulmuone Foods USA, Inc.; Sweet Earth Foods; Hügli Holding AG; Schouten; LIGHTIFE FOODS, INC. and Taifun-Tofu GmbH.
Global Plant-Based Meat Market is Segmented By Source ,Product ,Type , Process,End-Use, Distribution Channel ,Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Competitive Analysis: Global plant-based meat market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant-based meat market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Significant rise in the levels of population adopting vegan products and solutions; this factor is expected to drive the growth of the market
- Rising levels of investments and initiatives undertaken by the government to provide environmental-friendly, sustainable food products; this factor is expected to drive the growth of the market
- Increased levels of innovations, investments and products provided by various food manufacturers; this factor is expected to drive the growth of the market
- Certain groups of population allergic to gluten and soy which are used as source for these products is expected to restrain the growth of the market
- Lack in the presence of products in the developing regions along with the costs associated with these products; this factor is expected to restrain the market growth
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Key Developments in the Market:
- In May 2019, Impossible Foods Inc. announced that they had accumulated USD 300 million from its latest funding round. This funding will enable them to meet the demand that they have failed to realize till now by extending their operating hours and enhancing their production capacity. Impossible Foods has raised more than $750 million, with help from investors like Bill Gates,Google Ventures and Serena Williams.
- In December 2018, Unilever announced that they had acquired Vegetarian Butcher for the expansion of their offerings and products in the plant-based foods. This acquisition will further enable better capabilities of plant-based products which are in demand due to their environmental and health benefits. Currently, Unilever is selling nearly 700 products with V-label in Europe. In the Netherlands, these include products from Unox, Knorr, Hellmann’s, Conimex and Ben & Jerry’s brands.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
Table of Contents
Market Size-by Manufacturers
Market Size-by Type
Market Size-by Application
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
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