Plant-based Meat Market worth $15.7 billion by 2027 – Exclusive Report by MarketsandMarkets™

·5 min read
MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The Plant-based Meat Market is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027, according to a new report by MarketsandMarkets™. The major factors to drive the growth of the plant-based meat market are growth in vegan and flexitarian population, rise in awareness about the health benefits of plant-based meat over animal-based meat products, increase in investment by government bodies and R&D activities, and investment of the major food industry giants in plant-based meat products.

Download PDF Brochure:

Browse in-depth TOC on “Plant-based Meat Market
846 – Tables
45 – Figures
447– Pages

Soy account for the largest market share in the plant-based meat market

Based on the source, the soy segment dominates the market. Soy serves as an alternative to meat sources, such as pork, beef, and chicken due to its high protein content. The consumption of soy foods has recently risen in Western countries due to the adoption of vegetarian diets and being cholesterol-free as against animal-based proteins.

The beef segment is projected to account for the largest market share in the plant-based meat market during the forecast period

Based on type, the beef segment is projected to account for the largest market share in the plant-based meat market. Beef is usually considered a type of meat harvested from cattle and it is a nutrient-rich food, as it provides various essential nutrients. Plant-based beef provides similar characteristics to that of beef. Beef-related plant-based products, such as meat-free beef pieces, no-beef burgers, beef watercress, and beefsteak, are made from sources such as soy and wheat.

The burger pattie segment is projected to grow at a significant CAGR in the plant-based meat market during the forecast period

By product, the plant-based meat market is segmented into burger patties, strips & nuggets, sausages, meatballs, and other products. The other products include slices, fillets, cutlets, fingers, and crumbles. Plant-based burgers are the most popular type of product that has gained consumer attention at a global level. They are designed and created to look and taste like conventional meat products.

The food retail segment is projected to account for the largest market share in the plant-based meat market during the forecast period

Based on the distribution channel, the food retail segment is projected to account for the largest share in the plant-based meat market. Food retail refers to operating retail, supermarket, hypermarket stores, and any other form of stores, where various products, such as grocery items, vegetables, uncooked meat, and frozen products, are made available to the consumers. This distribution channel is being used by established plant-based meat companies as well as startups to increase the penetration of their products in the market.

Request Sample Pages:

Europe region holds the largest share in the plant-based meat market during the forecast period

Europe is one of the fastest-growing regions in terms of consumption and production. The manufacturers in Europe are currently focusing on new product developments that include plant-based meat with better texture, appearance, and composition. The innovative product development in the region is backed by appropriate research and development facilities available in the region

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Beyond Meat (US), Kellogg Company (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Unilever (UK), Conagra Foods (US), Tofurky (US), Gold&Green Foods Ltd (Finland), Sunfed (New Zealand), and Monde Nissin (Philippines).

Get 10% Free Customization on this Report:

Browse Adjacent Reports: Food and Beverage Market Research Reports & Consulting

Related Reports:

Plant-based Protein Market by Source (Soy, Wheat & Pea), Type (Isolates, Concentrates, & Textured), Application (Food (Meat Alternatives, Dairy Alternatives, Performance Nutrition & others) and Feed), Form, Nature and Region - Global Forecast to 2027

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores, Pharmacies), Formulation and Region - Forecast to 2027

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: