Market Overview:
The global plant-based alternative meat market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing awareness about the health benefits of plant-based meat, rising demand for vegan and vegetarian food, and growing concerns about animal welfare. The soy bean based segment is expected to account for the largest share of the global plant-based alternative meat market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period. The rice and other based segment is projected to grow at a higher CAGR than the soy bean based segment during the forecast period.
Product Definition:
Plant-based alternative meat is a food product that is made from plant-based ingredients to resemble the taste, texture, and appearance of meat products. The importance of plant-based alternative meat is that it offers an environmentally friendly and humane option for those who want to reduce their consumption of animal products.
Soy Bean Based:
Soybean-based products are expected to witness significant growth in the plant-based alternative meat market over the forecast period. This is due to its high protein content, low fat levels and gluten free nature. Soybean also contains phytosterols which have cholesterol reducing effects and help in preventing heart diseases.
Rice and Other Based:
Rice and other basis are plant-based ingredients that can be used as alternatives to animal-derived products. They are considered suitable for human consumption with no negative health effects. The product is considered vegan, gluten-free, and non-GMO which makes it a preferred ingredient in the plant based food industry.
The product also finds application in cosmetics & personal care products due to its skin conditioning properties.
Application Insights:
The restaurants segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing popularity of plant-based meat alternatives among health-conscious individuals, flexitarians and vegetarians/vegans is projected to drive demand from restaurants over the next six years.
Restaurant chains such as TGI Fridays, Applebee¢â‚¬â„¢s, IHOP, Chili's Grill & Bar and others are allocating a higher budget on menu innovation that includes offering vegan options such as tofu steak or soyrizo with plant-based alternative meats. Furthermore, key restaurant chains in Europe including Caffè Nero Ltd., Nando's Restaurant Group Ltd., Pizza Hut Delivery & Drive Mode Services LLC., Starbucks Corporation have introduced new products such as cauliflower crust pizza or mock chicken wings which are highly popular among consumers looking for healthy food options at reasonable prices.
Regional Analysis:
North America dominated the global market in 2017 owing to high consumer awareness and acceptance of novel foods. The region is expected to maintain its position during the forecast period due to increasing vegan population, which will boost product demand. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rising disposable income levels and changing food habits along with increased focus on animal welfare issues. Furthermore, growing meat consumption by China as a result of new product launches coupled with favorable government policies aimed at promoting domestic production output will drive regional growth over the coming years. For instance, in September 2016, Shanghai Husi Food (Group) Co., Ltd., a Chinese meat producer launched jackfruit based protein products under brand name Jack's Foods Products (China) Ltd.
Growth Factors:
- Increasing awareness about the health benefits of plant-based meat products.
- Rising demand for healthier and sustainable food options.
- Growing number of vegetarians and vegans worldwide.
- Proliferation of vegan-friendly restaurants and food outlets. 5 . increasing investment in research and development of plant-based meat products
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-Based Alternative Meat Market Research Report
By Type
Soy Bean Based, Rice and Other Based
By Application
Restaurants, Retail, Other
By Companies
Beyond Meat, Impossible Foods, Turtle Island Foods, Field Roast, Yves Veggie Cuisine, Amy’s Kitchen, Kellogg's, LightLife, Omnipork, Qishan Foods, Beyond Meat, Sulian Food, Fuzhou Sutianxia, Zhen Meat, Vestafoodlab, Starfield
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Plant-Based Alternative Meat Market Report Segments:
The global Plant-Based Alternative Meat market is segmented on the basis of:
Types
Soy Bean Based, Rice and Other Based
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
Restaurants, Retail, Other
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:
- Beyond Meat
- Impossible Foods
- Turtle Island Foods
- Field Roast
- Yves Veggie Cuisine
- Amy’s Kitchen
- Kellogg's
- LightLife
- Omnipork
- Qishan Foods
- Beyond Meat
- Sulian Food
- Fuzhou Sutianxia
- Zhen Meat
- Vestafoodlab
- Starfield
Highlights of The Plant-Based Alternative Meat 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:
- Soy Bean Based
- Rice and Other Based
- By Application:
- Restaurants
- Retail
- Other
- 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 Plant-Based Alternative Meat 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
- Business Expansion Strategies
- 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?
Plant-based alternatives to meat are products made from plant-based ingredients, such as soy, wheat, corn, and rice. These products can be used in place of meat in a variety of dishes.
Some of the key players operating in the plant-based alternative meat market are Beyond Meat, Impossible Foods, Turtle Island Foods, Field Roast, Yves Veggie Cuisine, Amy’s Kitchen, Kellogg's, LightLife, Omnipork, Qishan Foods, Beyond Meat, Sulian Food, Fuzhou Sutianxia, Zhen Meat, Vestafoodlab, Starfield.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant-Based Alternative Meat 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 Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size & Forecast, 2018-2028
4.5.1 Plant-Based Alternative Meat Market Size and Y-o-Y Growth
4.5.2 Plant-Based Alternative Meat Market Absolute $ Opportunity
Chapter 5 Global Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Type
5.2.1 Soy Bean Based
5.2.2 Rice and Other Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Applications
6.2.1 Restaurants
6.2.2 Retail
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-Based Alternative Meat 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 Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Analysis and Forecast
9.1 Introduction
9.2 North America Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Type
9.6.1 Soy Bean Based
9.6.2 Rice and Other Based
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 Plant-Based Alternative Meat Market Size Forecast by Applications
9.10.1 Restaurants
9.10.2 Retail
9.10.3 Other
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 Plant-Based Alternative Meat Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Type
10.6.1 Soy Bean Based
10.6.2 Rice and Other Based
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 Plant-Based Alternative Meat Market Size Forecast by Applications
10.10.1 Restaurants
10.10.2 Retail
10.10.3 Other
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 Plant-Based Alternative Meat Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Type
11.6.1 Soy Bean Based
11.6.2 Rice and Other Based
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 Plant-Based Alternative Meat Market Size Forecast by Applications
11.10.1 Restaurants
11.10.2 Retail
11.10.3 Other
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 Plant-Based Alternative Meat Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-Based Alternative Meat 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 Plant-Based Alternative Meat Market Size Forecast by Type
12.6.1 Soy Bean Based
12.6.2 Rice and Other Based
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 Plant-Based Alternative Meat Market Size Forecast by Applications
12.10.1 Restaurants
12.10.2 Retail
12.10.3 Other
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) Plant-Based Alternative Meat Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-Based Alternative Meat 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) Plant-Based Alternative Meat Market Size Forecast by Type
13.6.1 Soy Bean Based
13.6.2 Rice and Other Based
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) Plant-Based Alternative Meat Market Size Forecast by Applications
13.10.1 Restaurants
13.10.2 Retail
13.10.3 Other
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 Plant-Based Alternative Meat Market: Competitive Dashboard
14.2 Global Plant-Based Alternative Meat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beyond Meat
14.3.2 Impossible Foods
14.3.3 Turtle Island Foods
14.3.4 Field Roast
14.3.5 Yves Veggie Cuisine
14.3.6 Amy’s Kitchen
14.3.7 Kellogg's
14.3.8 LightLife
14.3.9 Omnipork
14.3.10 Qishan Foods
14.3.11 Beyond Meat
14.3.12 Sulian Food
14.3.13 Fuzhou Sutianxia
14.3.14 Zhen Meat
14.3.15 Vestafoodlab
14.3.16 Starfield
