Global Plant Based-Meat Market Overview, 2022-2027

Global Plant Based-Meat Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Nestle SA
  • 2. The Kraft Heinz Company
  • 3. Unilever
  • 4. Tyson Foods, Inc.
  • 5. Kellogg Company
  • 6. Conagra Brands, Inc
  • 7. Maple leaf food Inc.
  • 8. Amy’s Kitchen
  • 9. Beyond meat
  • More...

Plant-based meat is an animal meat-like substance. Vegan meat, plant-based meat, meat substitute, meat analogs, imitation meat, meat alternative, vegetarian meat, more pejoratively faux meat, or fake meat are some of the more common names of plant-based meat. Plant-based meat is designed to mimic the aesthetic qualities (taste, texture, and appearance) and the chemical characteristics of particular types of meat. In general, it is a dish made entirely of vegetarian ingredients, often without the use of animal products like dairy. Plant-based meat is a popular substitute for consumers who have gone vegan or vegetarian but still miss the taste of meat in their mouths. Additionally, it is also highly versatile and high in fiber content. When fried, it has a distinct, meat-like texture that pulls apart similarly to pulled chicken. It's a guilt-free, organic, and gluten-free alternative to meat, with GMOs kept to a minimum. Plant-based meats are low in calories, fat, and carbohydrates, making them suitable for health-conscious consumers. According to the research report "Global Plant Based Meat Products Overview, 2026," published by Bonafide Research, the plant-based meat products market is proliferating. The Plant-based Meat market is anticipated to showcase significant growth in the forecast period due to the rising demand for multifunctional protein across the regions at a CAGR of 14.50%. With the rise in awareness about the health benefits associated with the consumption of Plant-based meat, most athletes are now switching to vegan diets. A vegan diet fits nicely into an athlete's training plan. Since Plant-based meat is highly processed, it cannot qualify as a natural product. The demographic that exhibits a willingness to opt for Plant-based meat also displays an affinity for natural products; hence, a tendency to opt out of Plant-based meat is a possibility. This acts as a significant drawback to the market. With dairy, fish, meat, poultry, and other animal products detached from the equation, a vegan diet tends to have a higher content of carbohydrates, the primary fuel for athletes. Good protein sources for vegan athletes include quinoa, brown rice, protein-enriched pasta, nuts, tofu, soymilk, tempeh, peanut butter, beans, and peas, hence, driving the overall Plant-based meat market.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Positive consumer shift towards social media and information technology has raised consumer awareness about how their consumption impacts the environment. Animal cruelty and health issues influence consumers' buying decisions, especially in developed regions, such as North America and Europe. Also, there has been a growing awareness about the link between meat consumption and non-communicable diseases, directly promoting plant-based meat. In an attempt to cut the risks of such illnesses and obesity, consumers are cutting off meat from their diets, which will gradually propel the plant-based meat market. Plant-based meat is perfect for catering to the indulgent needs of these consumers. Other consumer attitudes, such as going against animal cruelty, reducing carbon emissions, and conserving water, will culminate in the high consumption of Plant-based meat in the future. Besides, a spurt in population growth is also likely to create the need for Plant-based meat. Furthermore, due to a broader range of product availability, improved product production and innovation in plant-based protein products, and a wider range of viable alternatives and substitutes, acceptance of plant-based foods and beverages has increased in recent years. Europe is anticipated to gain high traction in the plant-based meat market as the vegan and vegetarian populations are rising exponentially. The rising obesity in the region is also prominent and provides enormous market opportunities. Additionally, the increasing awareness among the people regarding plant-based meat's health benefits and sustainability towards the environment is creating a massive opportunity for the market in the region. Major Companies present in the market Beyond Meat, Impossible Foods Inc., Maple Leaf Foods, Quorn Foods, Amy’s Kitchen (US), Tyson Foods Inc., Nestle S.A., Kraft Heinz Company, Unilever (The Vegetarian Butcher), Kellogg NA Co., Conagra, Inc.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: Global • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Global plant-based meat products market with its value and forecast along with its segments • Region-wise plant-based meat products market analysis • Various drivers and challenges • On-going trends and developments • Five force models • Top profiled companies • Strategic recommendation Regions covered in the report • North America • Europe • South America • Asia-Pacific • Middle-East & Africa

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Manmayi Raval

By Sources in the report • Soy • Pea • Wheat • Others By products in the report • Burger Pattie • Sausages • Strips & Nuggets • Meatballs • Others By Type in the report • Beef • Chicken • Pork • Fish • Others (lamb, turkey) By End-User in the report • Retail • HoReCa The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to understand the market and list the companies in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then performing trade calls with dealers and distributors. Post this; we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have preliminary data with us, we have to start verifying the details obtained from secondary sources. Intended audience This report can be helpful to industry consultants, manufacturers, suppliers, associations & organizations related to the plant-based industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Nestle SA
  • The Kraft Heinz Company
  • Unilever
  • Tyson Foods, Inc.
  • Kellogg Company
  • Conagra Brands, Inc
  • Maple leaf food Inc.
  • Amy’s Kitchen
  • Beyond meat
  • Impossible food
  • Quorn

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Plant Based Meat Product Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Source
  • 5.2.2. By End User
  • 5.2.3. By Product
  • 5.2.4. By Type
  • 5.2.5. By Region
  • 5.2.6. By Country
  • 5.2.7. By Company
  • 6. North America Plant Based Meat Product Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Source
  • 6.2.2. By End User
  • 6.2.3. By Product
  • 6.2.4. By Type
  • 6.2.5. By Country
  • 7. Europe Plant Based Meat Product Market Outlook
  • 7.1. Market Size by Value
  • 7.2. Market Share
  • 7.2.1. By Source
  • 7.2.2. By End User
  • 7.2.3. By Product
  • 7.2.4. By Type
  • 7.2.5. By Country
  • 8. Asia-Pacific Plant Based Meat Product Market Outlook
  • 8.1. Market Size by Value
  • 8.2. Market Share
  • 8.2.1. By Source
  • 8.2.2. By End User
  • 8.2.3. By Product
  • 8.2.4. By Type
  • 8.2.5. By Country
  • 9. South America Plant Based Meat Product Market Outlook
  • 9.1. Market Size by Value
  • 9.2. Market Share
  • 9.2.1. By Source
  • 9.2.2. By End User
  • 9.2.3. By Product
  • 9.2.4. By Type
  • 9.2.5. By Country
  • 10. Middle East & Africa Plant Based Meat Product Market Outlook
  • 10.1. Market Size by Value
  • 10.2. Market Share
  • 10.2.1. By Source
  • 10.2.2. By End User
  • 10.2.3. By Product
  • 10.2.4. By Type
  • 10.2.5. By Country
  • 11. Market Dynamics
  • 11.1. Key Drivers
  • 11.2. Key Challenges
  • 12. Market Trends and Developments
  • 12.1. XXXXX
  • 12.2. XXXXX
  • 12.3. XXXXX
  • 13. Company Profiles
  • 13.1. Amy’s Kitchen Inc.
  • 13.2. Beyond Meat
  • 13.3. Conagra, Inc.
  • 13.4. Impossible Foods Inc.
  • 13.5. Kellogg NA Co.
  • 13.6. Maple Leaf Foods
  • 13.7. QUORN Foods
  • 13.8. Tyson Foods Inc.
  • 13.9. Nestle S.A.
  • 13.10. Kraft Heinz Company
  • 13.11. Unilever (Vegetarian Butcher)
  • 14. Strategic Recommendations
  • 15. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 5: Global Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 6: Global Plant Based Meat Product Market Share by Region (2016, 2021 & 2027F)
Table 7: Global Plant Based Meat Product Market Share by Country (2016, 2021 & 2027F)
Table 8: Global Plant Based Meat Product Market Share by Company (2021)
Table 9: North America Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 10: North America Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 11: North America Plant Based Meat Products Market Share By Value By Country (2016, 2021 & 2027F)
Table 12: Europe Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 13: Europe Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 14: Europe Plant Based Meat Product By Value By Country (2016, 2021 & 2027F)
Table 15: Asia-Pacific Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 16: Asia-Pacific Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 17: Asia Pacific Plant Based Meat Product Market Share By Value By Country (2016, 2021 & 2027F)
Table 18: South America Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 19: South America Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 20: South America Plant Based Meat Product Market Share By Value By Country (2016, 2021 & 2027F)
Table 21: Middle East & Africa Plant Based Meat Product Market Share By Application (2016, 2021 & 2027F)
Table 22: Middle East & Africa Plant Based Meat Product Market Share By Type (2016, 2021 & 2027F)
Table 23: Middle East & Africa Plant Based Meat Product Market Share By Value By Country (2016, 2021 & 2027F)
Table 24: Key Facts of Amy’s Kitchen, Inc.
Table 25: Key Facts of Beyond Meat
Table 26: Key Facts of Conagra, Inc.
Table 27: Key Impossible Foods Inc.
Table 28: Key Facts of Kellogg NA Co.
Table 29: Key Facts of Maple Leaf Foods
Table 30: Key Facts of QUORN Foods
Table 31: Key Facts of Tyson Foods Inc.
Table 32: Key Facts of Nestle S.A.
Table 33: Key Facts of Kraft Heinz Company.
Table 34: Key Facts of Unilever (Vegetarian Butcher)

List of Figures
Figure 1: Global Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 2: Global Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 3: Global Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)
Figure 4: North America Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 5: North America Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 6: North America Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)
Figure 7: Europe Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 8: Europe Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 9: Europe Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)
Figure 10: Asia-Pacific Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 11: Asia-Pacific Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 12: Asia-Pacific Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)
Figure 13: South America Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 14: South America Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 15: South America Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)
Figure 16: Middle East & Africa Plant Based Meat Product Market Size – By Value 2016 to 2027F (In USD Million)
Figure 17: Middle East & Africa Plant Based Meat Product Market Share By Source (2016, 2021 & 2027F)
Figure 18: Middle East & Africa Plant Based Meat Product Market Share By End User (2016, 2021 & 2027F)

Feed Phosphate Market Research FAQs

Europe is the leading region in Plant-based meat market.

The University of Oxford published a study examining 57,000 food products to find that plant-based sausages and burgers are up to 10 times more environmentally-friendly than their meat counterparts

Major drivers for plant-based meat are sustainability, clean sources of protein, reduce carbon footprints and increase health focus.

Plant-based meat market was valued at USD 6560 Million in 2021.

Younger Generations. Consuming plant-based foods is much more than just a trend for Millennials and younger generations. Millennials and Gen Z make up 30 and 32 percent of the population, respectively, creating enormous market potential for plant-based foods.

Plant-based meat market is expected to grow at a CAGR of 14.50%.
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Global Plant Based-Meat Market Overview, 2022-2027

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