Plant-Based Meat Global Market Report 2022 – By Product Type (Burger Patties, Sausages, Strips, Nuggets, Meatballs, Other Product Types), By Source (Soy, Wheat, Pea, Other Sources), By Distribution Channel (Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 300 | Published : April 2022 | SKU CODE : 7448 | Delivery Time: 2-3 business days | Format :


The plant-based meat market consists of sales of plant-based meat and related services. Plant-based meat is prepared from plants and is similar to the conventional meat in appearance and taste. It is available in the form of a burger patty, crumbles, nuggets, and sausages. The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.

The main product types of plant-based meat are burger patties, sausages, strips, nuggets, meatballs, and others. Sausage is a meat product made of finely chopped and seasoned meat that can be fresh, smoked, or pickled, and which is then usually stuffed into a casing. The various sources of plant based meat are soy, wheat, pea, and others. Plant-based meat products are distributed through grocery stores, food & drinks specialty stores, convenience stores, restaurants and online stores.

The global plant-based meat market size is expected to grow from $4.82 billion in 2021 to $5.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The plant-based meats market is expected to grow to $6.59 billion in 2026 at a CAGR of 6.5%.

Increasing consumer awareness associated with the benefits of vegetarian diets is projected to contribute to the growth of the plant-based meat market. Vegetarian diets offer various benefits such as low insulin levels, decreased rate of heart diseases, and improved kidney functions. According to Vegconomist, the vegan business magazine article published in July 2019, plant-based meat contains lower levels of cholesterol, saturated fat, and calories in comparison with animal-based meat. Moreover, rising consumer awareness on animal rights through global welfare organizations such as Animal Aid Unlimited (AAU) and People for the Ethical Treatment of Animals (PETA) is to boost the demand for plant-based meat products, which in turn, is predicted to uptake the revenues of plant-based meat market over the forecast period.

The high prices of plant-based meat products in comparison with regular meat products is a major restraint for the growth of the plant-based meat market. The major players dealing in plant-based meat products are Beyond Burger and Impossible Burger. At Whole Foods, an America-based multinational supermarket chain, the retail price of Beyond Burger is USD 12 a pound, whereas regular ground beef burger costs for less than half, i.e., USD 5 a pound. Thus, the differences in the prices of plant-based meat products and regular meat products are predicted to hinder the growth of the market over the upcoming years.

The increasing launch of new innovative products that are made from plant-based meat is a major trend in the plant-based meat market. For instance, in June 2019, the world’s largest meat producer announced the sales of preprotein made nuggets at grocery stores as a part of a new brand, Raised & Rooted that is engaged in selling blended and plant-based meat products. Moreover, in June 2019, a leader in plant-based meat announced the launch of its new product, Beyond Beef. Beyond Beef is new plant-based ground meat prepared without GMOs, gluten or soy designed to deliver meaty texture, juiciness, and the same versatility of traditional beef.

In April 2021, Brazilian based JBS SA, a meat processing company, announced that it will acquire Vivera, a European plant-based food company, for €341 million ($410 million). The deal includes three manufacturing facilities and a research and development center located in the Netherlands. This acquisition is an important step to strengthen JBS SA global plant-based protein platform, for the same Vivera will give JBS a stronghold in the plant-based sector, with technological knowledge and capacity for innovation. Vivera produces a range of plant-based meat replacement products and these products are distributed to retailers in more than 25 countries across Europe.

Major players in the plant-based meat market are Amy’s Kitchen, The Vegetarian Butcher, Maple Leaf Foods, Beyond Meat, Impossible Foods, Greenleaf Foods, Hungry Planet, Next Level, Abbots Butcher.

Asia-Pacific was the largest region in the plant-based meat market in 2021. Western Europe was the second-largest region in the plant-based meats market. The regions covered in the meat substitutes market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the plant-based meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The global plant-based meat market is segmented -

1) By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs, Others

2) By Source: Soy, Wheat, Pea, Others

3) By Distribution Channel: Grocery Stores, Food and Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores

    Table Of Contents

    1. Executive Summary

    2. Plant-Based Meat Market Characteristics

    3. Plant-Based Meat Market Trends And Strategies

    4. Impact Of COVID-19 On Plant-Based Meat

    5. Plant-Based Meat Market Size And Growth

    5.1. Global Plant-Based Meat Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Plant-Based Meat Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Plant-Based Meat Market Segmentation

    6.1. Global Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Burger Patties

    Sausages

    Strips

    Nuggets

    Meatballs

    Other Product Types

    6.2. Global Plant-Based Meat Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Soy

    Wheat

    Pea

    Other Sources

    6.3. Global Plant-Based Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Grocery Stores

    Food & Drinks Specialty Stores

    Convenience Stores

    Restaurants

    Online Stores

    7. Plant-Based Meat Market Regional And Country Analysis

    7.1. Global Plant-Based Meat Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Plant-Based Meat Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Plant-Based Meat Market

    8.1. Asia-Pacific Plant-Based Meat Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Plant-Based Meat Market

    9.1. China Plant-Based Meat Market Overview

    9.2. China Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Plant-Based Meat Market

    10.1. India Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Plant-Based Meat Market

    11.1. Japan Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Plant-Based Meat Market

    12.1. Australia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Plant-Based Meat Market

    13.1. Indonesia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Plant-Based Meat Market

    14.1. South Korea Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Plant-Based Meat Market

    15.1. Western Europe Plant-Based Meat Market Overview

    15.2. Western Europe Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Plant-Based Meat Market

    16.1. UK Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Plant-Based Meat Market

    17.1. Germany Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Plant-Based Meat Market

    18.3. France Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Plant-Based Meat Market

    19.1. Eastern Europe Plant-Based Meat Market Overview

    19.2. Eastern Europe Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Plant-Based Meat Market

    20.1. Russia Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Plant-Based Meat Market

    21.1. North America Plant-Based Meat Market Overview

    21.2. North America Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Plant-Based Meat Market

    22.1. USA Plant-Based Meat Market Overview

    22.2. USA Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Plant-Based Meat Market

    23.1. South America Plant-Based Meat Market Overview

    23.2. South America Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Plant-Based Meat Market

    24.1. Brazil Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Plant-Based Meat Market

    25.1. Middle East Plant-Based Meat Market Overview

    25.2. Middle East Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Plant-Based Meat Market

    26.1. Africa Plant-Based Meat Market Overview

    26.2. Africa Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Plant-Based Meat Market Competitive Landscape And Company Profiles

    27.1. Plant-Based Meat Market Competitive Landscape

    27.2. Plant-Based Meat Market Company Profiles

    27.2.1. Amy’s Kitchen

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. The Vegetarian Butcher

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Maple Leaf Foods

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Beyond Meat

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Impossible Foods

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Plant-Based Meat Market

    29. Plant-Based Meat Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Plant-Based Meat Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Plant-Based Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Plant-Based Meat Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Plant-Based Meat Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Plant-Based Meat Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Amy’s Kitchen Financial Performance
  • Table 28: The Vegetarian Butcher Financial Performance
  • Table 29: Maple Leaf Foods Financial Performance
  • Table 30: Beyond Meat Financial Performance
  • Table 31: Impossible Foods Financial Performance

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