Plant - Based Meat Market by Source (Soy, Wheat, and Pea), Product (Burger Patties, Sausages, Strips & Nuggets, and Meatballs), Type (Chicken, Beef, and Pork) - Global Analysis & Forecast 2019-2030

Name: Plant - Based Meat Market by Source (Soy, Wheat, and Pea), Product (Burger Patties, Sausages, Strips & Nuggets, and Meatballs), Type (Chicken, Beef, and Pork) - Global Analysis & Forecast 2019-2030
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ID: 71715 I Nov 2019 I Global I 240 pages I MGI-7

ID: 71715 I Nov 2019 I Global I 240 pages I ;Market Industry Reports

Plant - Based Meat Market Overview and Introduction

Global Plant Based Meat Market is estimated to be over US$ 12 billion in 2019. It is anticipated to grow at a CAGR of 15.0% from 2019 to 2030.

Plant-based meat is a substitute for animal meat. It serves as an alternative to meat and a similar amount of protein content. Plant-based meat is more sustainable and environmental friendly when compared with conventional meat products. These products are popular among the vegan population for they serve as substitutes for conventional meat. The primary ingredients in plant-based meat substitutes include soybean, wheat, lentils, tofu, and a variety of nuts.

The increasing trend of the plant-based meat is largely driven by the emergence of the vegan population as well as increasing numbers of vegetarians and flexitarians. Furthermore, several government initiatives are also boosting plant-based meat markets. However, high costs associated with plant-based meat substitutes are likely to restrain market growth.

Plant - Based Meat Market by Type, Material, End User, by Source & by Product

The global plant-based meat market is segmented by source, by product, by type, and by region. Based on source, the market can be segmented into soy, wheat, pea, and others. The soy segment is estimated to account for the largest market share. The large share of this segment can be attributed to its high protein content, high iron content, low saturated fat content, and meat-like texture, among others. Based on products, the market can be segmented into burger patties, sausages, strips & nuggets, meatballs, and others. In terms of revenue, the burger patties segment is estimated to account for the largest market share owing to its high protein, vitamin, and mineral content. Similarly, based on type, the plant-based meat market can be segmented into chicken, beef, pork, and others. The chicken segment is estimated to grow at a robust CAGR during the forecast period. Chicken is loaded with large amounts of nutrition owing to its rich fat, protein, and cholesterol content. Also to make it taste like conventional chicken, major companies add ingredients such as pea protein and coconut or canola oil.

Plant - Based Meat Market by Regions

The global plant-based meat market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific is estimated to account for the largest market share owing to the increasing awareness about plant-based meat products among consumers. Moreover, Asia Pacific is expected to witness the highest CAGR with market growth centered in China, Korea, Japan, and India. In Asia Pacific, the Chinese market is estimated to witness substantial growth owing to the increasing demand from consumers for meatless food products.

Plant - Based Meat Market Prominent Players

Some of the prominent players operating in the global plant-based meat market are Beyond Meat, Impossible Food Inc., Maple Leaf Foods, Archer Daniels Midland Company, The Vegetarian Butcher, Gardein (Conagra Brands, Inc.), MorningStar Farms (Kellogg NA Co.), Quorn, Amy's Kitchen, Inc., and Tofurky, among others.

INTRODUCTION
1. Market Definition
2. Market Ecosystem
  1. Market Classification
  2. Geographic Scope
  3. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
3. Currency Used
RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
  1. Secondary Sources
  2. Primary Sources
4. Market Estimation Methodology
  1. Bottom Up Approach
  2. Top Down Approach
5. Data Validation and Triangulation
  1. Market Forecast Model
  2. Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
1. Overview
2. Drivers
3. Barriers/Challenges
4. Opportunities
GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY SOURCE
1. Soy
2. Wheat
3. Pea
4. Others
GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY PRODUCT
1. Burger Patties
2. Sausages
3. Strips & Nuggets
4. Meatballs
5. Others
GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY TYPE
1. Chicken
2. BEEF
3. Pork
4. Others
GLOBAL PLANT-BASED MEAT MARKET - ANALYSIS & FORECAST, BY REGION
1. North America Plant-based Meat Market
  1. North America Plant-based Meat Market, By Country
    1. US
    2. Canada
  2. North America Plant-based Meat Market Analysis & Forecast, By Source
  3. North America Plant-based Meat Market Analysis & Forecast, By Product
  4. North America Plant-based Meat Market Analysis & Forecast, By Type
2. Europe Plant-based Meat Market
  1. Europe Plant-based Meat Market, By Country/Region
    1. Germany
    2. UK
    3. France
    4. Rest of Europe (ROE)
  2. Europe Plant-based Meat Market Analysis & Forecast, By Source
  3. Europe Plant-based Meat Market Analysis & Forecast, By Product
  4. Europe Plant-based Meat Market Analysis & Forecast, By Type
3. Asia Pacific Plant-based Meat Market
  1. Asia Pacific Plant-based Meat Market, By Country/Region
    1. China
    2. Japan
    3. India
    4. Rest of Asia Pacific (RoAPAC)
  2. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Source
  3. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Product
  4. Asia Pacific Plant-based Meat Market Analysis & Forecast, By Type
4. Rest of the World (ROW) Plant-based Meat Market
  1. Rest of the World Plant-based Meat Market, By Country/ Region
    1. Latin America
    2. Middle East & Africa
  2. Rest of the World Plant-based Meat Market Analysis & Forecast, By Source
  3. Rest of the World Plant-based Meat Market Analysis & Forecast, By Product
  4. Rest of the World Plant-based Meat Market Analysis & Forecast, By Type
COMPETITIVE LANDSCAPE
1. Key Players & Their Competitive Positioning (2018)
2. Key Strategies Assessment
  1. New Product Launches
  2. Merger & Acquisitions
  3. Agreements, Collaborations, & Partnerships
  4. Expansions
  5. Other Strategies
COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
1. Beyond Meat
2. Impossible Food Inc.
3. Maple Leaf Foods
4. Archer Daniels Midland Company
5. The Vegetarian Butcher
6. Gardein (Conagra Brands, Inc.)
7. MorningStar Farms (Kellogg NA Co.)
8. Quorn
9. Amy's Kitchen, Inc.
10. Tofurky

*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in the public domain.

Research Methodology

It is a well-organized procedure to carry out research. We at Market Growth Insight follow global, all-inclusive & iterative research methodology to develop our research reports. We are using both the top down as well as bottom-up approaches for partitioning and evaluating the significant aspects of the market.

It is a systematic & strategic approach for conducting a market study. Our market research methodology is based on the concept that gives a detailed description of the factors behind an observation. Let us see the detailed market research methodology.

Primary Data Research

It is the very basic stage of research the raw data is obtained and collected on a boarded front.Data is constantly filtered to ensure that only validated and authenticated sources are considered. Moreover,information is also mined from a large group of reports in our vault, as well as various reputed paid databases. It is necessary to understand the entire value chain and in order to facilitate this; we gather information from raw material suppliers, distributors as well as buyers, for extensive knowledge of the market.

The technical issues and trends are acquired from reviews, technical discussion and trade journals. Moreover, the technical data is also accumulated from intellectual property prospective, focusing on a void area and freedom of movement. The industry elements regarding drivers, restraints, pricing trends are also collected. Subsequently, the material developed contains a wide range of original and unique information that is then further cross-validated and authenticated with published sources.

Statistical Model

Simulation models are responsible to estimate and forecast our market, and for each research, a unique model is created and customized. The data accumulated for market dynamics, innovation scene, application improvement, estimating trends is delivered into the model and analyzedsimultaneously. These components are examined on a comparative basis, and their impact on the figure of the frame is measured with the assistance of correlation, regression and time series investigation. Forecasting of the market is performed through the consolidation of economic tools, innovative examination, and industry experience along with domain expertise. Generally, economic models are utilized for short-termforecasting, technological market models are used for long-term forecasting of a market. These are based on an amalgamation of technology innovation, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to the market estimation is preferred, with key regional markets analyzed as separate entities and integration of information to get a worldwide evaluation. This is very critical for a deep knowledge of the business as well as ensuring negligible mistakes. Below mentioned are some of the parameters are considered for forecasting

Market drivers and restraints, along with their current and expected impact

Raw material scenario and supply v/s price trends

Regulatory situation and expected developments

Current capacity and expected capacity additions up to 2025

Market driving organizations

The key targets of essential research are as per the following

To approve our information as far as exactness and adequacy

To pick up an understanding of the present market and future desires

We dole out weights to these parameters and evaluate their market effect utilizing weighted normal examination, to infer a normal market development rate.

This is the last advance in assessing and anticipating for our reports. Thorough essential meetings are led, on up close and personal and additionally via telephone to approve our discoveries and suppositions used to get them. Interviewees are drawn closer from driving organizations over the esteem chain including providers, innovation suppliers, area specialists,and purchasers in order to guarantee an all-encompassing and fair photo of the market. Essential meetings help in information approval, as well as give basic bits of knowledge into the market, current business situation and future desires and upgrade the nature of our reports. Every one of our assessments and figure is checked through comprehensive essential research with Key Industry Participants (KIPs) which ordinarily include:

Preliminary Investigation

This is the closing phase in estimating and forecasting for our reports. In this stage face to face and telephonic exhaustive interviews are conducted to validate our conclusion and assumptions used to obtain the final data. The leading companies across the value chain including suppliers, technology providers, domain experts,and purchasers are approaching the interviewees to ensure a holistic and unbiased view of the market. These interviews are led over the world, with language boundaries defeat with the guide of local staff and translators. Primary interviews in information validation as well as give critical insights into the market, current business outline and future expectations upgrade the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants include

Leading market organizations

Raw material suppliers

Product dealer

Clients or Consumers

The key targets of primary research are as per the following:

To validate our data as far as exactness and adequacy

To pick up an understanding into the present market and future desires