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Oct 6, 2020 11:10 AM ET

Why Plant-Based Meat Market Will Be the Next Big Thing In Coming Years | Impossible Foods Inc. (US), Beyond Meat (US), Garden Protein International Inc. (US)

iCrowd Newswire - Oct 6, 2020

Global Plant-Based Meat Market Size study with COVID-19 Impact, by Raw Material (Soy, Wheat, Pea), Product (Burger Patties, Sausages, Strips & Nuggets, and Meatballs), Distribution Channel (Retail Outlets, Foodservice, E-commerce) and Regional Forecasts 2020-2026  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Plant-Based Meat market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Plant-Based Meat market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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Global Plant-Based Meat Market is valued approximately USD 3.08 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17 % over the forecast period 2019-2026.

Plant-Based Meat Market

Plant-Based Meat products are made to mimic properties found within natural meats and are considered to be meat substitutes. Compared to meat products, plant-based meats offer consumers a more sustainable and environmentally friendly line up of meat alternatives. They’re usually made from extracted plant protein or whey protein, spices and binding ingredients. While they typically are higher in sodium, plant-based meat is similar to real meat in terms of calories and has more fiber and less cholesterol. Hence rising consumer base demanding plant -based meat product owing to either medical reasons or a healthy lifestyle drives the market towards growth. Additionally, constant efforts in research & development by plant-based meat manufacturers, in terms of better nutritious profiles, better aroma &texture and longer shelf life, is projected to escalate the growth of global plant-based meat market in the coming years. Also, rising consumer awareness on animal rights & consciousness with the help of global welfare organizations such as PETA and Animal Aid has encouraged people to adopt vegetarian diets. Hence driving the  market towards growth. Moreover, the rising number of vegan population across the globe further drives the market growth. As per European Commission in 2017 vegetarians and vegans represented 9% of the population in Germany, 7% in the UK, 5% in France. These people not only include vegetarian foods in their diet but also have replaced their meat consumption by plant proteins. Furthermore, the Spread of the COVID-19 virus across the globe provides a significant boost to the Plant based meat market. As the disease has a Zoonotic origin , the fear of animal borne illnesses among consumers has risen. Thus, shifting a major share of the population towards plant-based meat products. Further, the pandemic has also stirred the demand for clean label and natural products which is fulfilled by plant-based meat products. Thus, increasing its demand during the forecast period. However, allergies associated with plant-based protein sources such as soy and wheat are likely to hamper the market growth.

The regional analysis of global Plant-Based Meat market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing vegan population along with the extended shelf and storage space for plant -based meat products in the Retail chains in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising health consciousness along with increasing awareness regarding health benefits of the plant- based meats would create lucrative growth prospects for the Plant-Based Meat market across Asia-Pacific region.

Major market player included in this report are:

Impossible Foods Inc. (US)

Beyond Meat (US)

Garden Protein International Inc. (US)

Morningstar Farms (US)

Quorn Foods (UK)

Amy’s Kitchen (US)

Maple Leaf Foods Inc. (Canada)

The Vegetarian Butcher (The Netherlands)

Tofurky (US)

Gold & Green Foods Ltd Oy (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Raw Material:




By Product:

Burger Patties


Strips & Nuggets


By Distribution Channel:

Retail Outlets



A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Plant-Based Meat Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Plant-Based Meat Market, by Region, 2018-2026 (USD Billion)
1.2.2. Plant-Based Meat Market, by Raw Material, 2018-2026 (USD Billion)
1.2.3. Plant-Based Meat Market, by Product, 2018-2026 (USD Billion)
1.2.4. Plant-Based Meat Market, by Distribution Channel, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plant-Based Meat Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plant-Based Meat Market Dynamics
3.1. Plant-Based Meat Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Plant-Based Meat Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Plant-Based Meat Market, by Raw Material
5.1. Market Snapshot
5.2. Global Plant-Based Meat Market by Raw Material, Performance – Potential Analysis
5.3. Global Plant-Based Meat Market Estimates & Forecasts by Raw Material 2016-2026 (USD Billion)
5.4. Plant-Based Meat Market, Sub Segment Analysis
5.4.1. Soy
5.4.2. Wheat
5.4.3. Pea
Chapter 6. Global Plant-Based Meat Market, by Product
6.1. Market Snapshot
6.2. Global Plant-Based Meat Market by Product, Performance – Potential Analysis
6.3. Global Plant-Based Meat Market Estimates & Forecasts by Product 2016-2026 (USD Billion)
6.4. Plant-Based Meat Market, Sub Segment Analysis
6.4.1. Burger Patties
6.4.2. Sausages
6.4.3. Strips & Nuggets
6.4.4. Meatballs
Chapter 7. Global Plant-Based Meat Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Plant-Based Meat Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Plant-Based Meat Market Estimates & Forecasts by Distribution Channel 2016-2026 (USD Billion)
7.4. Plant-Based Meat Market, Sub Segment Analysis
7.4.1. Retail Outlets
7.4.2. Foodservice
7.4.3. E-commerce

……..and view more in complete table of Contents

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