Market Overview:
The global plant-based pork market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of XX% during the forecast period. The market growth can be attributed to the increasing awareness about the health benefits of plant-based proteins over meat proteins. Additionally, factors such as rising population and income levels are expected to fuel the demand for plant-based pork products over the forecast period. On the basis of type, soy-based protein accounted for a major share of the global plant-based pork market in 2017. This can be attributed to its high nutritional value and easy availability across regions. Furthermore, fava bean based protein is projected to exhibit highest CAGR during 2018–2030 owing to its growing popularity among consumers for its health benefits such as low fat content and cholesterol levels. Based on application, sausages dominated the global plant based pork market in 2017 with a major share followed by hot dogs & burger patties respectively. This can be primarily attributed due high consumption rates of these products across developed countries coupled with rising trend towards healthy eating habits among consumers globally . However , deli slices are projected exhibit highest CAGR during 2018 -2030 owing growing demand from emerging markets .
Product Definition:
Plant Based Pork is a term used to describe a food product that is made from plant based ingredients, as opposed to animal based ingredients. The importance of Plant Based Pork lies in its potential to help reduce the environmental impact of meat production.
Fava Bean-based Protein:
Fava bean-based protein is a plant based source of amino acid lysine. It is extracted from the dry seeds of broad beans and fava beans. The product has high nutritional value with an essential amino acid, which makes it suitable for human consumption as well as animal feed application.
Soy-based Protein:
Soy-based protein is extracted from soybeans and used as an alternative to animal-based proteins. Soy has been a part of many diets for centuries, but in the past few years it has gained popularity as a meat substitute. Many health experts believe that soy can help prevent heart disease, osteoporosis, prostate cancer and breast cancer by lowering blood cholesterol levels.
Application Insights:
Sausages led the global market and accounted for more than 35.0% share of the overall revenue in 2017. The product is widely used to make various types of sausages including chorizo, merguez, salami, and bratwurst among others. Increasing consumption of these products across the world is expected to drive growth over the forecast period.
The hot dog segment is also expected to witness significant growth owing to increasing demand from countries such as China and India where they are commonly consumed during sporting events or political gatherings at very affordable prices compared to their western counterparts. In addition, growing R&D investments by major players such as The JBS Swift Foods Company toward development of novel protein sources that can be used in making a healthy alternative along with existing meat sources will further boost industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Thailand and Vietnam. Growing population coupled with rising living standards have spurred the demand for meat products in this region. Moreover, increasing awareness regarding plant-based protein sources among consumers has been fueling industry growth over the past few years.
North America accounted for a significant share of revenue in 2017 owing to growing consumer awareness about veganism and vegetarianism coupled with increased consumption of processed food items such as ready-to-eat meals and snacks in this region. Furthermore, growing health concerns among consumers are likely to contribute toward product demand in North America during the forecast period from 2018 to 2030 (ref). In addition, presence of key companies such as Tyson Foods Inc.; JBF; National Foods; Cargill Inc.
Growth Factors:
- Increasing awareness about the health benefits of plant-based foods over meat-based diets.
- Rising concerns about the environmental impact of meat production and consumption.
- The increasing popularity of vegan and vegetarian diets among millennials and Gen Zers.
- Growing demand for healthier, more sustainable food options from consumers worldwide.
- .The development of new plant-based pork products that taste similar to traditional pork products but are lower in fat, cholesterol, and calories
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Based Pork Market Research Report
By Type
Fava Bean-based Protein, Soy-based Protein, Pea-based Protein, Potato-based Protein, Rice-based Protein
By Application
Sausages, Hot Dogs, Burger Patty, Deli Slices, Meatball
By Companies
Cargill Inc., Puris Proteins LLC, Sotexpro SA, Smithfield Foods, Fuji Oil Co., Ltd., Impossible Foods Inc., Glanbia plc
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Plant Based Pork Market Report Segments:
The global Plant Based Pork market is segmented on the basis of:
Types
Fava Bean-based Protein, Soy-based Protein, Pea-based Protein, Potato-based Protein, Rice-based Protein
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
Sausages, Hot Dogs, Burger Patty, Deli Slices, Meatball
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:
- Cargill Inc.
- Puris Proteins LLC
- Sotexpro SA
- Smithfield Foods
- Fuji Oil Co., Ltd.
- Impossible Foods Inc.
- Glanbia plc
Highlights of The Plant Based Pork 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:
- Fava Bean-based Protein
- Soy-based Protein
- Pea-based Protein
- Potato-based Protein
- Rice-based Protein
- By Application:
- Sausages
- Hot Dogs
- Burger Patty
- Deli Slices
- Meatball
- 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 Pork 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
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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 pork is pork that is produced without the use of animals. This type of pork can be made from a variety of plant-based sources, including soy, wheat, and corn.
Some of the major companies in the plant based pork market are Cargill Inc., Puris Proteins LLC, Sotexpro SA, Smithfield Foods, Fuji Oil Co., Ltd., Impossible Foods Inc., Glanbia plc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant Based Pork 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 Pork Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant Based Pork 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 Pork 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 Pork Market Size & Forecast, 2020-2028
4.5.1 Plant Based Pork Market Size and Y-o-Y Growth
4.5.2 Plant Based Pork 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 Fava Bean-based Protein
5.2.2 Soy-based Protein
5.2.3 Pea-based Protein
5.2.4 Potato-based Protein
5.2.5 Rice-based Protein
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 Sausages
6.2.2 Hot Dogs
6.2.3 Burger Patty
6.2.4 Deli Slices
6.2.5 Meatball
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant Based Pork 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 Pork 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 Fava Bean-based Protein
9.6.2 Soy-based Protein
9.6.3 Pea-based Protein
9.6.4 Potato-based Protein
9.6.5 Rice-based Protein
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 Sausages
9.10.2 Hot Dogs
9.10.3 Burger Patty
9.10.4 Deli Slices
9.10.5 Meatball
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 Fava Bean-based Protein
10.6.2 Soy-based Protein
10.6.3 Pea-based Protein
10.6.4 Potato-based Protein
10.6.5 Rice-based Protein
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 Sausages
10.10.2 Hot Dogs
10.10.3 Burger Patty
10.10.4 Deli Slices
10.10.5 Meatball
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 Fava Bean-based Protein
11.6.2 Soy-based Protein
11.6.3 Pea-based Protein
11.6.4 Potato-based Protein
11.6.5 Rice-based Protein
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 Sausages
11.10.2 Hot Dogs
11.10.3 Burger Patty
11.10.4 Deli Slices
11.10.5 Meatball
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 Fava Bean-based Protein
12.6.2 Soy-based Protein
12.6.3 Pea-based Protein
12.6.4 Potato-based Protein
12.6.5 Rice-based Protein
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 Sausages
12.10.2 Hot Dogs
12.10.3 Burger Patty
12.10.4 Deli Slices
12.10.5 Meatball
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 Fava Bean-based Protein
13.6.2 Soy-based Protein
13.6.3 Pea-based Protein
13.6.4 Potato-based Protein
13.6.5 Rice-based Protein
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 Sausages
13.10.2 Hot Dogs
13.10.3 Burger Patty
13.10.4 Deli Slices
13.10.5 Meatball
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 Pork Market: Competitive Dashboard
14.2 Global Plant Based Pork Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill Inc.
14.3.2 Puris Proteins LLC
14.3.3 Sotexpro SA
14.3.4 Smithfield Foods
14.3.5 Fuji Oil Co., Ltd.
14.3.6 Impossible Foods Inc.
14.3.7 Glanbia plc
