According to the
current analysis of Reports and Data, the global Plant-based
Meat Market was valued at USD 10.10 Billion in
2018 and is expected to reach USD 30.92 Billion by the year 2026, at a CAGR of
14.8%. Plant-based meat products are products that are made to mimic the
properties of animal meat but are comparatively healthier and environmentally
friendly. These are produced to resemble the look, smell, and taste of
animal meat.
This
report on the Plant-based Meat market delivers a cumulative synopsis of the
speculations of this business, overall, along with an evaluation of its
segmentations. It predicts the Plant-based Meat market to advance as one of the
most profitable verticals, generating massive revenue by the end of the
forecast years, exhibiting a sizable growth rate over the calculated period.
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sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2053
Key participants
include Impossible Foods (US), Garden Protein International (US), Beyond Meat
(US)Bristol-Myers Squibb, Morningstar Farms (US), Amy’s Kitchen (US), Quorn
Foods (UK), Maple Leaf Foods (Canada), Tofurky (US), The Vegetarian Butcher
(The Netherlands), Sunfed (New Zealand), VBites (UK), Gold&Green Foods
(US).
Further key findings
from the report suggest
- This industry is growing at a CAGR
of 15.9% in the Asia Pacific followed by North America and Europe, with
14.6% and 14.4% CAGR, respectively. North America and Europe contributed
about 2/3rd of the total industry during the forecast period.
- As of 2018, the Soy source type
segment is the dominating sub-segment which holds 324% of the global
market by 2026. North American regional market is the chief
revenue-generating source for this product segment, followed by Europe and
Asia-Pacific regions.
- According to the Food revolution
Organization report, published in 2018, the number of vegetarians in the
United States has increased by 600% from the past 3 years. This is
expected to drive the demand for this industry.
- Nestle launched a new burger called
‘Incredible Burger’ which was sold in McDonald’s outlets in Germany in the
year 2017. The burger was launched after research and development done for
about three years to create it.
- In April 2018, Burger King
introduced a new product under the name of ‘Impossible Whopping’ and meat
bowls which were made available to all its U.S outlets.
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For the purpose of this
report, Reports and Data has segmented the Plant-based Meat market on the basis
of source type, product type, storage technique type, end use, and region:
Source Type (Revenue,
USD Million; 2016–2026)
- Soy
- Wheat
- Peas
- Gluten-based
- Others
Product Type (Revenue,
USD Million; 2016–2026)
- Tofu
- Tempeh
- Seitan
- Mushrooms
- Others
Storage technique Type
(Revenue, USD Million; 2016–2026)
- Frozen
- Refrigerated
- Shelf-Stable
- Others
End Use (Revenue, USD
Million; 2016–2026)
- Food Industry
- Households
- HoReCa
- Others
Regional Outlook
(Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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full report here @
https://www.reportsanddata.com/report-detail/plant-based-meat-market
Objective of Studies:
·
To
provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Plant-based Meat market.
·
To
provide insights about factors affecting the market growth. To analyze the Plant-based
Meat market based on various factors- price analysis, supply chain analysis,
Porte five force analysis etc.
·
To
provide historical and forecast revenue of the market segments and sub-segments
with respect to four main geographies and their countries- North America, Europe,
Asia, Latin America and Rest of the World.
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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