The Plant-Based-Meat Global Market Report 2023 by The Business Research Company, provides plant-based-meat market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Plant-Based-Meat Global Market Report 2023, the market size will grow from $5.67 billion in 2022 to $6.69 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global plant-based-meat is expected to grow from $12.12 billion in 2027 at a CAGR of 16.0%.
Increasing consumer awareness associated with the benefits of vegetarian diets is projected to contribute to the growth of the plant-based meat market. The vegetarian diet offers various benefits, such as low insulin levels, a decreased rate of heart disease, and improved kidney functions.
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The plant-based-meat market is segmented:
1) By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs, Other Product Types
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Distribution Channel: Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores
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 January 2020, Impossible Foods Inc., a US-based company operating in plant-based substitutes for meat products, launched its plant-based pork and sausage, which contains no gluten, no animal hormones, and no antibiotics. The plant-based, pre-seasoned product can be used in any recipe or dish that calls for animal-derived sausage or pork.
The plant-based-meat market report table of contents includes:
1. Executive Summary
2. Plant-Based Meat Market Characteristics
3. Plant-Based Meat Market Trends And Strategies
4. Plant-Based Meat Market – Macro Economic Scenario
5. Plant-Based Meat Market Size And Growth
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26. Africa Plant-Based Meat Market
27. Plant-Based Meat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant-Based Meat Market
29. Plant-Based Meat Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Amy’s Kitchen
- The Vegetarian Butcher
- Maple Leaf Foods
- Beyond Meat
- Impossible Foods
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