Global Plant-Based Meat Market was valued at USD 15.56 Billion in 2021 and is expected to reach USD 39.90 Billion by the year 2028, at a CAGR of 14.4%.
The idea of developing cell-based and plant-based replacements to raised meat has been gaining momentum for the past ten years. Despite the fact that the idea of plant-based meat alternatives is generally advocated because to growing concerns about the environment, animal welfare, and, in certain cases, public health hazards related to the production and consumption of ranch-raised meat. Putting it out there, plant-based meat has been around for a while and has significantly evolved into a means for all vegans and vegetarians to satisfy their meat appetites without compromising their diet's commitment to animal welfare and environmental protection. The term "plant-based meat" or "vegan meat" refers to meat substitutes that have been produced to mimic the texture, flavor, appearance, and taste of meat without harming animals or posing any health risks.
Plant-Based Meat Market Share, Size, Growth, Trends, & Industry Forecast Analysis Report, By Type, Application and Regional Segment Forecast, 2022 - 2028, provides an extensive analysis of current market dynamics and predicted future trends.
Leading Key Players Covered in Plant-Based Meat market:
- Alpha Foods (US)
- Beyond Meat (US)
- Impossible Foods Inc. (US)
- Hooray Foods (US)
- Maple Leaf Foods (Canada)
- The Vegetarian Butcher (Netherlands)
- Before the Butcher (US)
- Gardein Protein International (Canada)
- Yves Veggie Cuisine (Canada)
- Morningstar Farms (US)
- Quorn Foods (US)
- Amy's Kitchen (US)
- No Evil Foods (US)
- Tofurky (US)
- Gold&Green Foods Ltd. (Finland)
- VBites Food Limited (UK)
- Sunfed (New Zealand)
- Planterra Foods (US)
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These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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Segmentation of Plant-Based Meat market:
- Burger Patties
- Strips & Nuggets
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Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Key benefits of the report
- This study presents the analytical depiction of the global Plant-Based Meat industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Plant-Based Meat market share.
- The current market is quantitatively analyzed from 2022 to 2028 to highlight the Plant-Based Meat market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Plant-Based Meat market analysis based on the present and future competitive intensity of the market.
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