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Report Highlights
The global market for plant-based meat is expected to grow from $8.8 billion in 2023 to $17.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 14.1% from 2023 through 2028.
Report Includes
- 40 data tables and 33 additional tables
- Analysis of the global market for plant-based meat sources and products for consumption
- Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, and projected CAGRs through 2028
- Estimates of the market size and revenue growth, and a corresponding market share analysis by source, product type, product category, and region
- An assessment of the current and future market potential of plant-based meat
- Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies, regulations and the impacts of macroeconomic variables
- Overview of sustainability trends and ESG developments, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- An analysis of the competitive landscape, including companies’ market shares, business segments, financials, product portfolios, recent M&A activity and venture funding
- Profiles of the major global players
Report Scope
The report provides market projections of the plant-based meat market from 2023 to 2028, along with an analysis of the market shares of leading companies. The report examines the market based on source (wheat, soy, pea and other), product type (sausages and hot dogs, meatballs, ground and tenders, burger patties, strip and nuggets, and others) and category (refrigerated, frozen and shelf stable).
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||
| Forecast period considered | 2023-2028 | ||||||||||
| Base year market size | $7.9 billion | ||||||||||
| Market size forecast | $17.1 billion | ||||||||||
| Growth rate | CAGR of 14.1% from 2023 to 2028 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | By Source, Product Type, Category, and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa (MEA) | ||||||||||
| Countries covered | U.S., Canada, Mexico, Italy, Germany, Spain, Japan, China, India, France, the U.K., Brazil and Argentina | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing demand for environmentally friendly and healthy products.
- Growing investment in alternative proteins.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Dr. Marianna Tcherpakov has more than 10 years of experience as a bench scientist specializing in the areas of biochemistry, cell biology, assay development, antibody and drug manufacturing. She has authored several scientific publications in peer review journals. In the last 10 years, Marianna worked as a business development professional in CRO/CDMO industry. She is familiar with pharmaceutical and biotech landscape, trends and potential future developments in industry.
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Report Highlights
The global market for plant-based meat should grow from $6.0 billion in 2020 to $11.9 billion by 2025, at compound annual growth rate (CAGR) of 14.5% for the period of 2020-2025.
Report Includes
- 50 tables
- An overview of the global markets for plant-based meat
- Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020 and projection of compound annual growth rates (CAGRs) through 2025
- Highlights of quantitative and qualitative data of the plant-based meat industry based on source, product and region
- Detailed description of the main products with the development phase and expected markets, and identification of product opportunities and strategic opportunities
- Evaluation of current market trends, market size, market forecast, and technological advancements within the industry
- Discussion on impact of coronavirus on the global economy and information on government expenditures on COVID-19
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Company profiles of major players of the industry, including Amy’s Kitchen Inc., The Kellogg Co., Maple Leaf Foods Inc., Tyson Foods Inc., and Unilever USA Inc.
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