Plant Based Meat Market Is Expected To Reach Almost USD 9.86 Billion Growing At A Rate Of 5.9%


Plant Based Meat Market is valued at around USD 7.92 billion in 2022 and is expected to reach USD 9.86 Billion by the year 2030 registering a CAGR of 5.9% over the forecast period.

Plant_Based_Meat_Market

Plant-based meats are different kinds of meat that are produced from plant sources and designed to look, feel, and taste like real meat. Because they contain fewer calories and saturated fats than traditional meat, these meats are said to be healthier and more environmentally friendly. Coconut oil, vegetable protein extract, essential wheat gluten, beans and lentils, soy and tofu, nuts and seeds, beet juice, and other components are frequently utilised in the production of these meats. Consumer acceptance of organic plant-based meat products including pea, hemp, and chia-based meat has expanded due to rising demand.

Plant-based meat products are regarded as meat substitutes since they are created to mimic the characteristics of real meat. Plant-based meats provide consumers with a more sustainable and environmentally friendly array of meat substitutes than meat products provide, for the most part. They are created to taste, appear, and want like meat by employing plants and other non-animal items. The texture, flavour, and look of plant-based meats are created to mimic those of meat products. Typically, soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a spread of nuts are the first ingredients in plant-based meat substitutes.

The study on the market for plant-based meats provides a complete analysis of the market and its growth trajectories, including the market's drivers, constraints, difficulties, and potential for future growth. It also sheds light on the important breakthroughs that helped the market grow in terms of revenue. There is also a detailed discussion of the list of important players and their major innovations and new product launches. The paper also discusses how the unique COVID19 epidemic has affected society. Visit the corporate website to learn more about this research.

This report on the global plant-based meat market details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geograhic data

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Global Plant based Meat Market – Segmentation
The global plant based meat market has been sub-classified into product type, application and end-use.

Based on the product type the market is classified into,
• Chicken
• Pork
• Beef
• Fish
• Others

Based on the end-use type the market is classified into,
• Retail
• HORECA (Hotel/Restaurant/Café)

Based on the application type the market is classified into,
• Refrigerated Plant-based Meat
• Frozen Plant-based Meat
• Shelf-stable Plant-based Meat

Global Plant based Meat Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
 
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Global Plant based Meat Market – Key Market players
Beyond Meat; Impossible Foods Inc.; Maple Leaf Foods (Field Roast & Maple Leaf); Vegetarian Butcher; Conagra, Inc. (Gardein Protein International); Kellogg NA Co. (MorningStar Farms); Quorn; Amy's Kitchen, Inc.; Tofurky; Gold&Green Foods Ltd.; Sunfed; VBites Foods Limited; Kraft Foods, Inc.; Lightlife Foods, Inc.; Trader Joe's; Yves Veggie Cuisine (The Hain-Celestial Canada, ULC); Marlow Foods Ltd. (Cauldron); Ojah B.V.; Moving Mountains; Eat JUST Inc.; LikeMeat GmbH; Gooddot; OmniFoods; No Evil Foods; DR. Praeger’s Sensible Foods

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Published in

Food

Published on

Dec 07, 2022

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