Plant-based Meat Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2021-2025

The plant-based meat market is expected to grow by $ 7.21 bn, accelerating at a CAGR of almost 25% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Plant-based Meat Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Type (Plant based beef, Plant based chicken, Plant based pork, and Others) and Geography (North America, Europe, APAC, South America, and MEA).
• 40% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Plant-based Meat Market size.

Plant-based Meat Market: Trends, Drivers, Challenges to impact growth

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• new product launches will be a significant factor in driving the growth of the Plant-based Meat Market.
• drivers.2 is another factor that will be instrumental in driving market growth during the forecast period.
• increasing consumption of animal meat is a hurdle that needs to be crossed on the path to success.

Plant-based Meat Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 25%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 7.21 bn through 2021-2025.
    
3. What is a key factor driving this market?
   new product launches will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   40% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Plant based beef, Plant based chicken, Plant based pork, and Others) and Geography (North America, Europe, APAC, South America, and MEA)

Plant-based Meat Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the plant-based meat market and it is expected to grow by $ 7.21 bn, accelerating at a CAGR of almost 25% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Plant-based Meat Market: Key Trends to impact market growth

The rising popularity of vegan diet is one of the key plant-based meat market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Plant-based Meat Market: Top Drivers to Boost Demand

The new product launches is one of the primary factors driving the growth of the plant-based meat market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Beyond Meat Inc., Ecozone UK Ltd. and Gathered Foods Corp. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Plant-based Meat Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive plant-based meat market growth during the next five years
• Precise estimation of the plant-based meat market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plant-based meat market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of plant-based meat market vendors

Plant-Based Meat Market Size to Grow by Over $ 3 Billion | Segment and Trend Forecasts  

Technavio has been monitoring the global plant-based meat market and it is expected to grow by USD 3.17 billion,  accelerating at a CAGR of over 17% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Plant-Based Meat Market: Segmentation by Type

During 2019, plant-based beef segment accounted for a major share of the Plant-Based Meat Market.  The growing health consciousness among consumers is increasing the demand for plant-based protein products, such as plant-based beef. In addition, the increasing number of product launches and innovations will drive the growth of plant-based beef products. Vendors such as Kellogg launched a new line of plant-based meat products under the brand Incogmeato, which includes ready-to-cook plant-based burgers, and plant-based chicken tenders and nuggets. Similarly, Beyond Meat Inc. launched Beyond Beef, which is produced without using GMOs, soy, and gluten. It is designed to deliver the same versatility, meaty texture, and juiciness of traditional ground beef. Thus, the increase in the number of product launches will significantly influence the growth of the plant-based meat market size over the forecast period.. Market growth in this segment will be faster than the growth of the market in plant-based pork and others segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the plant-based meat market size.

Plant-Based Meat Market: Segmentation by Geography

North America has been the largest market for plant-based meat since 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing health-consciousness among consumers and rising concerns about the environmental impact of meat production, and the increasing number of new product launches will significantly influence the growth of plant-based meat market size in the region. Over 40% of the market growth will originate from North America during the forecast period. The US is one of the key markets for plant-based meat in North America. Market growth in this region will be faster than the growth of the market in other geographies.

Plant-Based Meat Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Beyond Meat Inc., Gathered Foods Corp. and Impossible Foods Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report