Plant-based Meat Market Size, Share & Growth Trends | Industry Statistics and Forecasts

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MarketsandMarkets Presents
Plant-based Meat Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/plant-based-meat-market-44922705.html

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The report "Plant-based Meat Market by Source
(Soy, Wheat, Pea, Other Sources), Product
(Burger Patties, Strips Nuggets, Sausages,
Meatballs, Other Products), Type (Beef,
Chicken, Pork, Fish, Other Types), Process, and
Region - Global Forecast to 2025" According to
MarketsandMarkets, the global plant-based meat
market size is estimated to be valued at USD 4.3
billion in 2020. It is projected to reach USD 8.3
billion by 2025, recording a CAGR of 14.0 in
terms of value. Growing vegan and flexitarian
populations across the world, rising awareness
about the health benefits offered by plant-based
meat over animal meat, and growth in government
initiatives along with significant investments
are driving the global plant-based meat
market. Browse 129 market data Tables and 45
Figures spread through 188 Pages and in-depth TOC
on "Plant-based Meat Market - Global Forecast to
2025 The North American region is also expected
to grow at the highest CAGR during the forecasted
period North America is the fastest growing
region in the global plant-based meat market. For
American consumers, meat is a very prominent part
of their diets. However, as many researches
highlighted the health risks related to the
consumption of red meat, consumers are
increasingly shifting toward plant-based diets as
they are a healthier option as compared to animal
meat. Furthermore, Consumers in the region are
adopting a flexitarian lifestyle and are
incorporating plant-based foods in their daily
routine diets. Along with this, the trend of
veganism is gaining momentum in the region, which
is further contributing to the growth of the
plant-based meat market. Governments are also
investing heavily in the plant-based protein
industry, as there is a rise of vegan and
vegetarian eating. Download PDF Brochure
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• Report Objectives
• To describe and forecast the plant-based meat
  market, in terms of source, product, type, and
  region
• To describe and forecast the market, in terms of
  value, by regionNorth America, Europe, Asia
  Pacific, and the Rest of the Worldalong with
  their respective countries
• To provide detailed information regarding the
  major factors influencing the market growth
  (drivers, restraints, opportunities, and
  challenges)
• To strategically analyze micro-markets with
  respect to individual growth trends, prospects,
  and contributions to the overall market
• To study the complete value chain of this market
• To analyze opportunities in the market for
  stakeholders by identifying the high-growth
  segments of the market
• To strategically profile the key players and
  comprehensively analyze their market positions,
  in terms of ranking and core competencies, along
  with details on the competitive landscape of
  market leaders
• Secondary Research
• In the secondary research process, various
  secondary sources, such as Hoovers, Bloomberg
  BusinessWeek, and Dun Bradstreet, were referred
  to, to identify and collect information for this
  study. These secondary sources included annual
  reports, press releases investor presentations
  of companies, white papers, certified
  publications, articles by recognized authors,
  gold silver standard websites, regulatory
  bodies, trade directories, and databases.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id44922705

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Drivers Rising Awareness About The Health
Benefits Offered By Plant-Based Meat Over Animal
Meat The plant-based trend continues to grow,
encouraging people to eat more fruits,
vegetables, legumes, nuts, and seeds. Also, there
are various health benefits associated with
plant-based products, about which consumers are
getting more aware recently. Excessive
consumption of animal-based meat may result in
diet-related diseases such as obesity, type-2
diabetes, heart disease, and certain cancers. On
the other hand, the consumption of plant-based
meat does not give rise to such diseases.
Moreover, they aid in building better immunity.
The nutritional benefits of plant-based meats and
their safety compared with conventional meat are
also some of the important factors that have been
contributing to gaining the attention of
consumers. Plant-based meat products are
significantly replacing conventionally processed
meat products such as burgers, sausages, and
nuggets. Plant-based meat contains lower levels
of saturated fat, cholesterol, and calories than
animal-based meat. They often contain higher
levels of micronutrients, such as zinc, iron, and
calcium. Restraints Higher price of products in
comparison to traditional meat Price is one of
the major restraining factors in the plant-based
meat market. Plant-based meat is uneconomical
when compared to animal-based meat, which is
likely to impact its growth in price-sensitive
markets such as India, China, and South Africa.
Companies offering plant-based meat alternatives
are trying to reduce prices, as their high price
over conventional meat hinders the rapidly
growing plant-based industry. Make an Inquiry
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uyingNew.asp?id44922705  
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• Recent Developments
• In October 2020, Impossible Foods Inc. expanded
  its presence by introducing its flagship product,
  Impossible Burger, in the Canadian market. The
  company has made its product available in about
  600 Sobeys family stores and on the retailers
  online grocery home delivery service. This will
  enable the company to expand its retail footprint
  in the market.
• In September 2020, Beyond Meat rolled out its new
  product, Beyond Meatballs, which will start being
  available in the grocery stores across the US.
  This product will fulfill the consumer demand for
  nutritious and easy-to-prepare products made from
  plant-based ingredients.
• In September 2020, Planterra Foods entered into a
  three-year partnership with the NFL team Denver
  Broncos. This partnership will give its brand OZO
  brand title of Plant-Based Food Choice of the
  Denver Broncos. This strategy will enable the
  company to advertize its brand and make customers
  aware of it.
• In September 2020, Beyond Meat Food Co. Ltd., a
  wholly-owned subsidiary of Beyond Meat, entered
  into an agreement with Jiaxing Economic
  Technological Development Zone (China) to design
  and develop manufacturing facilities. The
  state-of-art facility is being designed to
  manufacture plant-based products under the Beyond
  Meat brand name in China.
• In August 2020, Beyond Meat launched a new
  e-commerce site to make its plant-based meat
  products more accessible to consumers. The
  website will give consumers easy access to the
  vast portfolio of plant-based meat products and
  will make it more convenient for them to
  experience Beyond Meat.
• In August 2020, The Kellog Co. invested USD 45
  million to expand a manufacturing plant of
  Morningstar Farm in Ohio. The investment will
  include USD 25 million in upgraded equipment and
  USD 18 million in capacity expansion. This
  expansion will be dedicated to the companys
  plant-based product range.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id44922705

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