Plant-Based Meat Market Growth | Trends, Demand & Key Players 2025-2032 | Kellogg Company (US), Beyond Meat (US), Maple Leaf Foods
Plant-derived meat products serve as substitutes for animal meat and are made entirely from plants. The core concept is to steer clear of employing animals to convert plants into meat. Organic products contain the same nutrients found in animal meat: fats, proteins, minerals, vitamins, and water. Thanks to technological progress, the latest selection of plant-based meat mimics the taste, look, and texture of animal meat. Although discussions about plant-based alternatives have been present for many years, they have only recently gained traction thanks to the initiatives of various national and global organizations aimed at highlighting the benefits of shifting to plant-based diets overall. Unlike animal meat, a key factor in producing these meat products is the lack of external antibiotics.
It is anticipated that the improper use of antibacterials will result in the emergence of antibiotic-resistant superbugs, causing a reduction in effective antibiotics. Consequently, it is crucial to explore alternatives in order to significantly reduce antibiotic usage. Possibly eradicating the chance of future pandemics or other lethal diseases passed from animals to humans by abolishing the use of animals in any manner or procedure throughout food production.
The Plant-Based Meat Market is Valued USD 9.2 billion in 2024 and projected to reach USD 32.1 billion by 2032, growing at a CAGR of 14.9% During the Forecast period of 2024-2032.
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Plant-Based Meat Market Drivers:
The rising consumer awareness towards the benefits associated with plant-based diets is propelling the demand for plant-based meat, as they have enhanced nutritional profiles compared to traditional animal meat. Moreover, various restaurants, fast-food chains, mainstream grocery stores, etc., are also offering plant-based meat products, such as soya burgers and sausages, to cater to the evolving culinary preferences of consumers, thereby augmenting the overall plant-based meat market growth.
Plant-Based Meat Market Trends:
Strategic partnerships between food service establishments and vegan meat producers provide a positive outlook on the plant-based meat market share. Additionally, such collaborations are making these vegan meat alternatives more accessible to a wide array of customers. Besides this, regulatory changes by government bodies to promote sustainable and ethical practices are expected to bolster the plant-based meat market in the coming years.
Major Players in Plant-Based Meat Markets are:
Kellogg Company (US), Tender Food, Beyond Meat (US), Maple Leaf Foods (Canada), Impossible Foods Inc. (US), Conagra Foods (US), Unilever (UK), Sunfed (New Zealand), Tofurky (US), Planterra Foods (US), Monde Nissin (Philippines), Alpha Foods (US), Fazendo Futuro (Brazil), Before the Butcher (US), Foods (Argentina), VBites Foods Ltd. (UK)
Industry News:
June 2024 - Tender Food, a Massachusetts-based plant-based meat company, has raised USD 11 million in a Series A funding round led by Rhapsody Venture Partners, with additional investments from Lowercarbon Capital, Safar Partners, Claridge Partners, and Nor’easter Ventures. The funds will support scaling production, reducing costs, and developing new products. Tender Food uses fiber-spinning technology, akin to cotton candy production, to create realistic meat analogs.
May 2024 - Impossible Foods is expanding its presence in the meat section by launching a large-scale marketing effort aimed at meat-eating consumers seeking improved plant-based meat alternatives as part of its new brand identity.
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Global Plant-Based Meat Market Segmentation:
By Source
Soy
Wheat
Blendss
Pea
Other
By Products
Tofu
Tempeh
Seitan
Others
By Distribution Channel
Online
Offline
The following areas and countries are covered in the worldwide Plant-Based Meat Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
North America plant-based meat market accounted for the largest market revenue share of 38.0% in 2023. As awareness of the health risks associated with excessive consumption of red and processed meats grows in the region, many individuals turn to plant-based alternatives as a healthier option. Plant-based meats often feature lower levels of saturated fats and cholesterol and are perceived as a better choice for managing weight and reducing the risk of chronic diseases.
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation
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Key Features of the Plant-Based Meat Market Report: –
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Plant-Based Meat Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Plant-Based Meat Market is a valuable source of guidance for individuals and companies.
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