Market Overview:
The global plant-based bacon market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for plant-based meat products owing to their health benefits and rising awareness about animal welfare. In addition, the growing number of vegetarians and vegans is also propelling the growth of this market. The global plant-based bacon market can be segmented on the basis of type into bacon strip, bacon bits, bacon bites, and others. On the basis of application, it can be segmented into household, commercial, and others. Geographically, it can be divided into North America, Latin America Europe Asia Pacific Middle East & Africa (MEA).
Product Definition:
Plant-based bacon is a food product made from plant-based ingredients that resembles traditional bacon in flavor and texture. It is often used as a substitute for meat-based bacon in recipes.
Bacon Strip:
Bacon strip is a cut of meat that is processed from the pork loin. It has been widely used in fast food and restaurant chains as it is relatively inexpensive compared to whole cuts of meat. The demand for plant-based bacon has grown significantly over the past few years owing to increasing health consciousness among consumers, especially in North America and Europe.
Bacon Bits:
Bacon bits are the rendered pork fat that has been cut into small pieces and is usually added to food products like mayonnaise, potato salad, coleslaw, etc. for flavor. The product also finds its usage in vegan cooking as it imparts a smoky flavor to the food without the use of any animal-based products such as lard or bacon grease.
Application Insights:
Commercial application segment led the global market and accounted for more than 70.0% share of the overall revenue in 2017. The growing demand for plant-based meat alternatives in commercial applications, such as restaurants and food chains, is expected to drive the product demand over the forecast period.
The household application segment is expected to witness significant growth over the forecast period owing to rising awareness about healthier lifestyle practices among consumers, including vegetarians and meat eaters alike. Increasing consumer disposable income levels coupled with changing lifestyles have created a favorable environment for new product launches in this category which may include products like soy bacon strips or tofu bacon bits among others that are made from soybean curdles instead of pork liver lard or beef tallow respectively.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the largest meat producer, is a key player in this industry and has been dominating the North American market since 2015. However, Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to increasing consumer awareness regarding veganism and vegetarianism along with rising disposable income levels of consumers in China and India.
The European region accounted for more than 25% of global revenue share in 2017 on account of high consumption levels of meat alternatives across countries such as Germany, U.K.
Growth Factors:
- Increasing demand for plant-based meat products: The global plant-based meat market is expected to grow at a CAGR of more than 15% from 2019 to 2025, according to a MarketsandMarkets research study. This growth can be attributed to the increasing awareness about the health benefits of plant-based meats and their environmental sustainability.
- Rising consumer preference for bacon alternatives: A growing number of consumers are looking for healthier and more sustainable bacon alternatives, which is driving demand for plant-based bacon products.
- Growing number of vegan/vegetarian consumers: The global vegan population is estimated to reach 600 million by 2040, up from around 400 million in 2018, according to a study by ResearchAndMarkets. This growing trend is contributing significantly to the growth of the plant-based bacon market.
- Proliferation of fast food chains offering vegan options: Fast food chains such as Burger King, Subway, Taco Bell, and White Castle are increasingly offering vegan menu items in order to cater to the rising demand for vegetarian/vegan food options among consumers worldwide .This is another major driver fuelling growth in the Plant Based Bacon market . 5) Innovation & new product launches :Leading players operating in this market are constantly launching innovative Plant Based Bacon products with unique flavors and textures in order not only tap into but also expand their customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-Based Bacon Market Research Report
By Type
Bacon Strip, Bacon Bits, Bacon Bites, Others
By Application
Household, Commercial, Others
By Companies
Upton's, Tofurky, THIS Co, Sweet Earth Foods, Morning Star Farms, Organic Matters, Lightlife, Phoney Baloney's, Cool Foods, VBites Foods, Yves, Frontier
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Plant-Based Bacon Market Report Segments:
The global Plant-Based Bacon market is segmented on the basis of:
Types
Bacon Strip, Bacon Bits, Bacon Bites, 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
Household, Commercial, 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:
- Upton's
- Tofurky
- THIS Co
- Sweet Earth Foods
- Morning Star Farms
- Organic Matters
- Lightlife
- Phoney Baloney's
- Cool Foods
- VBites Foods
- Yves
- Frontier
Highlights of The Plant-Based Bacon 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:
- Bacon Strip
- Bacon Bits
- Bacon Bites
- Others
- By Application:
- Household
- Commercial
- 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 Plant-Based Bacon 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 bacon is made from plants, rather than animals. This type of bacon typically contains no meat or animal products, and is made using a variety of plant-based ingredients. Some common plant-based ingredients used to make plant-based bacon include nuts, seeds, legumes (such as soy), and grains.
Some of the major players in the plant-based bacon market are Upton's, Tofurky, THIS Co, Sweet Earth Foods, Morning Star Farms, Organic Matters, Lightlife, Phoney Baloney's, Cool Foods, VBites Foods, Yves, Frontier.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-Based Bacon 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 Bacon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant-Based Bacon 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 Bacon 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 Bacon Market Size & Forecast, 2020-2028
4.5.1 Plant-Based Bacon Market Size and Y-o-Y Growth
4.5.2 Plant-Based Bacon 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 Bacon Strip
5.2.2 Bacon Bits
5.2.3 Bacon Bites
5.2.4 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 Household
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-Based Bacon 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 Bacon 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 Bacon Strip
9.6.2 Bacon Bits
9.6.3 Bacon Bites
9.6.4 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 Household
9.10.2 Commercial
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 Bacon Strip
10.6.2 Bacon Bits
10.6.3 Bacon Bites
10.6.4 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 Household
10.10.2 Commercial
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 Bacon Strip
11.6.2 Bacon Bits
11.6.3 Bacon Bites
11.6.4 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 Household
11.10.2 Commercial
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 Bacon Strip
12.6.2 Bacon Bits
12.6.3 Bacon Bites
12.6.4 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 Household
12.10.2 Commercial
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 Bacon Strip
13.6.2 Bacon Bits
13.6.3 Bacon Bites
13.6.4 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 Household
13.10.2 Commercial
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 Plant-Based Bacon Market: Competitive Dashboard
14.2 Global Plant-Based Bacon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Upton's
14.3.2 Tofurky
14.3.3 THIS Co
14.3.4 Sweet Earth Foods
14.3.5 Morning Star Farms
14.3.6 Organic Matters
14.3.7 Lightlife
14.3.8 Phoney Baloney's
14.3.9 Cool Foods
14.3.10 VBites Foods
14.3.11 Yves
14.3.12 Frontier
