Source: Technavio
June 8, 2022

The plant-based meat market size is expected to increase by USD 7.21 billion from 2020 to 2025, at a CAGR of 25.14% as per the latest market report by Technavio. The plant-based meat market share growth in the plant-based beef segment will be significant during the forecast period. The growing health consciousness among consumers is increasing the demand for plant-based protein products, particularly, plant-based beef. In addition, the increasing number of product launches and innovations will drive the growth of plant-based beef products.

The competitive scenario provided in the Plant-based Meat Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Plant-based Meat Market 2021-2025: Scope

The plant-based meat market report covers the following areas:

- Plant-based Meat Market Size
- Plant-based Meat Market Trends
- Plant-based Meat Market Industry Analysis

Frequently Asked Questions:

- What are the major trends in the market?
The changing consumer demographics are a supporting trend in the global plant-based meat market share growth.

- Who are the top players in the market?
Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group are some of the major market participants.

- What are the key market drivers and challenges?
The new product launches is notably driving the plant-based meat market growth, although factors such as increasing consumption of animal meat may impede the market growth.
- How big is the North American market?
40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for plant-based meat market in North America

Plant-based Meat Market 2021-2025: Segmentation Analysis

Type
- Plant-Based Beef
- Plant-Based Chicken
- Plant-Based Pork
- Others

Geography
- North America
- Europe
- APAC
- South America
- MEA

Plant-based Meat Market 2021-2025: Parent Market Analysis

Technavio categorizes the global plant-based meat market as part of the global packaged foods and meat market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the plant-based meat market during the forecast period.

Plant-based Meat Market 2021-2025: Key Highlights

- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist plant-based meat market growth during the next five years
- Estimation of the plant-based meat market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the plant-based meat market across North America, Europe, APAC, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of plant-based meat market vendors

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Photo Credit: Technavio