A latest report from Absolute Markets Insights covers insights into the global Plant-Based Meat market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Plant-Based Meat market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Plant-Based Meat report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Plant-Based Meat report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Plant-Based Meat market include: Alpha Foods, Amy’s Kitchen, Inc., Before The Butcher, Beyond Meat, Conagra, Inc., Gold&Green Foods Ltd., Hooray Foods, Impossible Foods Inc., Kellogg NA Co., Like Meat, Maple Leaf Foods, Marlow Foods Ltd., Nestlé , No Evil Foods, Planterra Foods , Sunfed, The Meatless Farm Co., Tofurky , Unilever, Vbites Foods Limited, amongst others.
In terms of revenue, plant-based meat market was valued at US$ 4892.34 Mn in 2022 growing at a CAGR of 17.89% over the forecast period (2022 – 2030).
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Plant-Based Meat Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Plant-Based Meat Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Plant-Based Meat Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Plant-Based Meat Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Plant-Based Meat Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Plant-Based Meat market?
Plant-based meat products are becoming increasingly common, predominantly driven by a rise in demand for a healthy lifestyle that causes minimal harm to the environment. Studies show that the meat and dairy industry is responsible for about 14.5% of the total greenhouse gas emissions around the globe. Individuals are increasingly moving towards a plant-based diet, and traditional meat eaters are migrating towards plant-based meat products for satiating their taste for animal meat. Rising awareness regarding the environmental impact of meat processing, coupled with the availability of healthier plant-based meat alternatives for the end-users, is leading to the growth of the global plant-based meat market.
The COVID-19 pandemic has altered the livelihood and lifestyle of numerous individuals on the globe. Social distancing norms, along with curfew measures to prevent crowding, has been enforced by several countries such as the U.S., the UK, India and Germany, amongst others. The growth of the pandemic has increased the emphasis on healthy living, and a balanced diet, and individuals are increasingly investing in diet alteration initiatives. The COVID-19 pandemic can be traced to the consumption of bats in China. Along with COVID-19, animal meat consumption has also been responsible for the spread of diseases such as Anthrax in cows, goats, and sheep, Bird Flu in poultry animals, Swine Flu in Pork, amongst others. This is driving people towards the adoption of a meat free diet, and traditional meat eaters are increasingly switching to plant-based meat, especially in countries such as the U.S., India, the UK and Canada, amongst others.
Furthermore, the pandemic has accelerated the adoption of plant-based meat products in more vegetarian diet inclined country like India. Studies show that around 30% of Indians identify themselves as vegetarians, which is promoted by the influence of religions like Buddhism, Jainism and Hinduism. Vegetarians, especially young adults and teenagers, are adopting a vegan-based lifestyle as well. Bodies such as Eat Right India, which is led by the Ministry of Health and Family Welfare, is helping individuals adopt a plant-based food diet in order to obtain a sustainable, healthy lifestyle. Therefore, the market participants can target markets like India, Thailand, Sri Lanka and Bhutan, amongst others, especially in the wake of the pandemic. Hence, the pandemic is estimated to propel the adoption of plant-based meat products, thereby having a positive impact on the global plant-based meat market in the coming years.
Global Plant-Based Meat Market Segmentation:
Plant-Based Meat Market By Source (Soy And Tofu, Peas, Beans And Lentils, Mushrooms, Mung Beans, Wheat Gluten, Coconut Oil, Quinoa, Others);By Products (Patties, Nuggets, Sausages, Meatballs, Others); By Meat Type(Plant-Based Pork, Plant-Based Beef, Plant-Based Seafood, Plant-Based Chicken, Others);By Type (Fresh, Semi-Processed(Canned, Frozen), Ready To Eat);By Sales Channel(Online, Offline);By End-User (Individuals, Businesses (Cafes, Restaurants, Etc.)); By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest Of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia, Rest Of Asia Pacific, Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa) Latin America (Brazil, Argentina, Rest Of Latin America)) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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