Market Overview:
The global meat-free foods market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the health benefits of consuming meat-free foods, and the rising demand for veganism and vegetarianism. In addition, factors such as an increase in disposable income, changing lifestyles, and growing concerns about animal welfare are also contributing to the growth of this market. The veganism segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the increasing popularity of veganism among consumers due to its health benefits as well as its ethical stance against animal cruelty.
Product Definition:
Meat-free foods are foods that do not contain any meat. They can be made from plant or animal products, but they do not contain any meat. The importance of meat-free foods is that they can provide many of the same nutrients as meat, but they are also typically lower in fat and calories. This makes them a healthier option for people who want to reduce their intake of unhealthy fats and calories.
Veganism:
Veganism is a diet and lifestyle wherein the person avoids all forms of animal-derived products including meat, milk, eggs, honey and other related products. The rising population of lactose intolerant people has been driving market growth over the world. People suffering from lactose intolerance are unable to digest milk or any dairy product which contains sugar as an ingredient. Increasing awareness about this disease coupled with growing demand for vegan food items is expected to drive the global market in coming years.
Buddhist Vegetarianism:
Buddhist vegetarianism is a diet that excludes all forms of animal food including meat, seafood, eggs, and dairy products. It also includes a rejection of the use of any kind of animal-derived ingredients such as gelatin or collagen in cosmetics or personal care products. The concept itself has been around for quite some time; however it gained significant popularity with respect to its ethical implications after the publication of “Animal Liberation” by Peter Singer in 1975.
Application Insights:
The restaurant application segment led the global meat-free foods market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing awareness regarding health and well-being among consumers, coupled with rising disposable incomes, has resulted in an increased number of restaurants serving vegan food. Furthermore, increasing demand for fast food across various regions has also driven the growth of this segment significantly.
Household application accounted for 21% share of the overall revenue in 2017 owing to growing consumer preference for cooking at home instead of dining out or eating fast food daily habits are changing rapidly due to rising income levels across various regions including Asia Pacific.
Regional Analysis:
North America accounted for the largest share of more than 35.0% in 2017. The region has been witnessing increasing demand for meat-free foods over the past few years, which can be attributed to growing consumer awareness regarding animal cruelty and environmental pollution caused by intensive livestock farming practices in this region. As per a recent study published by PNAS, approximately 40% of greenhouse gas emissions associated with food production come from livestock rearing activities in North America.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising veganism among its population due to various factors such as new product launches; social media campaigns; celebrity endorsements;.
Growth Factors:
- Increasing awareness about the health benefits of meat-free foods: There is a growing awareness among people about the health benefits of meat-free foods. This is driving demand for meat-free foods, as people are looking for healthier alternatives to traditional meat-based dishes.
- Rising popularity of veganism and vegetarianism: The popularity of veganism and vegetarianism is rising rapidly, as more people are becoming aware of the health and environmental benefits associated with these lifestyles. This is boosting demand for meat-free foods, as more consumers are looking for plant-based alternatives to traditional animal products.
- Growing trend towards healthy eating: There is a growing trend towards healthy eating, with consumers increasingly seeking out nutritious and sustainable food options. Meatless meals fit this criteria perfectly, making them an attractive choice for today’s health conscious consumer base.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat-Free Foods Market Research Report
By Type
Veganism, Buddhist Vegetarianism, Lacto Vegetarianism, Ovo Vegetarianism, Others
By Application
Restaurant, Household, Others
By Companies
Brecks, Gardein, VBites Foods, Beyond Meat, Marlow Foods, Clearspring, Lightlife Foods, BOCA, Aldi, Hain Celestial, Fry Group Foods, Cedar Lake Foods, Atlantic Natural Foods, Bean Supreme, Butler Foods, Fantastic World Foods, Field Roast, Dragonfly Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Meat-Free Foods Market Report Segments:
The global Meat-Free Foods market is segmented on the basis of:
Types
Veganism, Buddhist Vegetarianism, Lacto Vegetarianism, Ovo Vegetarianism, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurant, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brecks
- Gardein
- VBites Foods
- Beyond Meat
- Marlow Foods
- Clearspring
- Lightlife Foods
- BOCA
- Aldi
- Hain Celestial
- Fry Group Foods
- Cedar Lake Foods
- Atlantic Natural Foods
- Bean Supreme
- Butler Foods
- Fantastic World Foods
- Field Roast
- Dragonfly Foods
Highlights of The Meat-Free Foods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Veganism
- Buddhist Vegetarianism
- Lacto Vegetarianism
- Ovo Vegetarianism
- Others
- By Application:
- Restaurant
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Meat-Free Foods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Meat-free foods are those that do not include any meat products. This can include items like vegetarian burgers, chickenless nuggets, and vegan cheese.
Some of the key players operating in the meat-free foods market are Brecks, Gardein, VBites Foods, Beyond Meat, Marlow Foods, Clearspring, Lightlife Foods, BOCA, Aldi, Hain Celestial, Fry Group Foods, Cedar Lake Foods, Atlantic Natural Foods, Bean Supreme, Butler Foods, Fantastic World Foods, Field Roast, Dragonfly Foods.
The meat-free foods market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meat-Free Foods Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Meat-Free Foods Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meat-Free Foods Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Meat-Free Foods Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Meat-Free Foods Market Size & Forecast, 2020-2028
4.5.1 Meat-Free Foods Market Size and Y-o-Y Growth
4.5.2 Meat-Free Foods Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Veganism
5.2.2 Buddhist Vegetarianism
5.2.3 Lacto Vegetarianism
5.2.4 Ovo Vegetarianism
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Household
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meat-Free Foods Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Meat-Free Foods Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Veganism
9.6.2 Buddhist Vegetarianism
9.6.3 Lacto Vegetarianism
9.6.4 Ovo Vegetarianism
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurant
9.10.2 Household
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Veganism
10.6.2 Buddhist Vegetarianism
10.6.3 Lacto Vegetarianism
10.6.4 Ovo Vegetarianism
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurant
10.10.2 Household
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Veganism
11.6.2 Buddhist Vegetarianism
11.6.3 Lacto Vegetarianism
11.6.4 Ovo Vegetarianism
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurant
11.10.2 Household
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Veganism
12.6.2 Buddhist Vegetarianism
12.6.3 Lacto Vegetarianism
12.6.4 Ovo Vegetarianism
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurant
12.10.2 Household
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Veganism
13.6.2 Buddhist Vegetarianism
13.6.3 Lacto Vegetarianism
13.6.4 Ovo Vegetarianism
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurant
13.10.2 Household
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Meat-Free Foods Market: Competitive Dashboard
14.2 Global Meat-Free Foods Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brecks
14.3.2 Gardein
14.3.3 VBites Foods
14.3.4 Beyond Meat
14.3.5 Marlow Foods
14.3.6 Clearspring
14.3.7 Lightlife Foods
14.3.8 BOCA
14.3.9 Aldi
14.3.10 Hain Celestial
14.3.11 Fry Group Foods
14.3.12 Cedar Lake Foods
14.3.13 Atlantic Natural Foods
14.3.14 Bean Supreme
14.3.15 Butler Foods
14.3.16 Fantastic World Foods
14.3.17 Field Roast
14.3.18 Dragonfly Foods
