Plant-Based Meat Global Market Report 2020-30: Covid 19 Growth and Change
May 2020
300
About the Report
About the Report
Major players in the plant-based meat market are Amy's Kitchen, The Vegetarian Butcher, Maple Leaf Foods, Beyond Meat, Impossible Foods, Greenleaf Foods, Hungry Planet, Next Level, and Abbots Butcher.
The global plant-based meat market is expected to grow from USD 12.22 billion in 2019 and to USD 12.41 billion in 2020 at a growth rate of 1.58%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 17.73 billion in 2023 at CAGR of 12.62%.
The plant-based meat market consists of sales of plant-based meat and related services. Plant-based meat is prepared from plants and is similar to the conventional meat in appearance and taste. It is available in the form of a burger patty, crumbles, nuggets, and sausages. The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.
North America was the largest region in the plant-based meat market in 2019. Asia-Pacific was the second largest region in the plant-based meat market in 2019.
In March 2018, Kerry Group, an Ireland-based public food company, announced a major move into the meat substitutes market with the acquisition of Ojah, an innovative producer of textured meat alternatives based in the Netherlands for an approximate amount of USD 24 billion. Ojah is engaged in making a wide range of meat alternative products under Plenti and Beeter Brands. The Ojah products comprise seasoned & natural chunks and strips and vegan nuggets. The products are gluten-free and are made from pea or soy protein.
The plant-based meat market covered in this report is segmented by product type into burger patties; sausages; strips; nuggets; meatballs; others. It is also segmented by source into soy; wheat; pea; others.
The high prices of plant-based meat products in comparison with regular meat products is a major restraint for the growth of the plant-based meat market. The major players dealing in plant-based meat products are Beyond Burger and Impossible Burger. At Whole Foods, an America-based multinational supermarket chain, the retail price of Beyond Burger is USD 12 a pound, whereas regular ground beef burger costs for less than half i.e. USD 5 a pound. Thus, the differences in the prices of plant-based meat products and regular meat products are predicted to hinder the growth of the market over the upcoming years.
The increasing launch of new innovative products that are made from plant-based meat is a major trend in the plant-based meat market. For instance, in June 2019, the world's largest meat producer announced the sales of preprotein made nuggets at grocery stores as a part of a new brand, Raised & Rooted, that is engaged in selling blended and plant-based meat products. Moreover, in June 2019, a leader in plant-based meat announced the launch of its new product, Beyond Beef. Beyond Beef is new plant-based ground meat prepared without GMOs, gluten or soy designed to deliver meaty texture, juiciness, and the same versatility of traditional beef.
Increasing consumer awareness associated with the benefits of vegetarian diets is projected to contribute to the growth of the plant-based meat market. The vegetarian diets offer various benefits such as low insulin levels, decreased rate of heart diseases, and improved kidney functions. According to Vegconomist, the vegan business magazine article published in July 2019, plant-based meat contains lower levels of cholesterol, saturated fat, and calories in comparison with animal-based meat. Moreover, rising consumer awareness on animal rights through global welfare organizations such as Animal Aid Unlimited (AAU) and People for the Ethical Treatment of Animals (PETA) is to boost the demand for plant-based meat products, which in turn, is predicted to uptake the revenues of plant-based meat market over the forecast period.
Products
Products
1) By Product Type: Burger Patties; Sausages; Strips; Nuggets; Meatballs; Others 2) By Source: Soy; Wheat; Pea; Others
Companies
Amy's Kitchen; The Vegetarian Butcher; Maple Leaf Foods; Beyond Meat; Impossible Foods; Greenleaf Foods; Hungry Planet; Next Level; Abbots Butcher; Atlantic Natural Foods; Don Lee Farms; Dr. Praeger's, Gardein; Good Catch Fish; Kraft Heinz Foodservice; Monks Meats; MorningStar Farms; No Evil Foods; Ocean Hugger Foods; Quorn Foods; Sophie's Kitchen; Sweet Earth; Tofurky; VBites; Yves Veggie Cuisine
Table of Contents
Table of Contents
1. Executive Summary
2. Plant-Based Meat Market Characteristics
3. Plant-Based Meat Market Size And Growth
3.1. Global Plant-Based Meat Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Plant-Based Meat Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Plant-Based Meat Market Segmentation
4.1. Global Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Burger Patties
Sausages
Strips
Nuggets
Meatballs
Others
4.2. Global Plant-Based Meat Market, Segmentation By Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Soy
Wheat
Pea
Others (Quinoa, oats, beans, nuts, and seeds)
5. Plant-Based Meat Market Regional And Country Analysis
5.1. Global Plant-Based Meat Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Plant-Based Meat Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Plant-Based Meat Market
6.1. Asia-Pacific Plant-Based Meat Market Overview
6.2. Asia-Pacific Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Plant-Based Meat Market
7.1. China Plant-Based Meat Market Overview
7.2. China Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Plant-Based Meat Market
8.1. India Plant-Based Meat Market Overview
8.2. India Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Plant-Based Meat Market
9.1. Japan Plant-Based Meat Market Overview
9.2. Japan Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Plant-Based Meat Market
10.1. Australia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Plant-Based Meat Market
11.1. Indonesia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Plant-Based Meat Market
12.1. South Korea Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Plant-Based Meat Market
13.1. Western Europe Plant-Based Meat Market Overview
13.2. Western Europe Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Plant-Based Meat Market
14.1. UK Plant-Based Meat Market Overview
14.2. UK Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Plant-Based Meat Market
15.1. Germany Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Plant-Based Meat Market
16.3. France Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Plant-Based Meat Market
17.1. Eastern Europe Plant-Based Meat Market Overview
17.2. Eastern Europe Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Plant-Based Meat Market
18.1. Russia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Plant-Based Meat Market
19.1. North America Plant-Based Meat Market Overview
19.2. North America Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Plant-Based Meat Market
20.1. USA Plant-Based Meat Market Overview
20.2. USA Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Plant-Based Meat Market
21.1. South America Plant-Based Meat Market Overview
21.2. South America Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Plant-Based Meat Market
22.1. Brazil Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Plant-Based Meat Market
23.1. Middle East Plant-Based Meat Market Overview
23.2. Middle East Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Plant-Based Meat Market
24.1. Africa Plant-Based Meat Market Overview
24.2. Africa Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Plant-Based Meat Market Competitive Landscape And Company Profiles
25.1. Plant-Based Meat Market Competitive Landscape
25.2. Plant-Based Meat Market Company Profiles
25.2.1. Amy's Kitchen
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. The Vegetarian Butcher
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Maple Leaf Foods
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Beyond Meat
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Impossible Foods
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Plant-Based Meat Market
27. Plant-Based Meat Market Trends And Strategies
28. Plant-Based Meat Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Plant-Based Meat Market, Segmentation By Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Plant-Based Meat Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Plant-Based Meat Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Amy's Kitchen Financial Performance
Figure 27: The Vegetarian Butcher Financial Performance
Figure 28: Maple Leaf Foods Financial Performance
Figure 29: Beyond Meat Financial Performance
Figure 30: Impossible Foods Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Plant-Based Meat Market, Segmentation By Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Plant-Based Meat Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Plant-Based Meat Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Amy's Kitchen Financial Performance
Table 27: The Vegetarian Butcher Financial Performance
Table 28: Maple Leaf Foods Financial Performance
Table 29: Beyond Meat Financial Performance
Table 30: Impossible Foods Financial Performance
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