Plant-based-protein Meat Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

Plant-based-protein Meat Introduction

The Global Market Overview of "Plant-based-protein Meat Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Plant-based-protein Meat market is expected to grow annually by 14.9% (CAGR 2024 - 2031).

Plant-based protein meat refers to food products made from plant sources that emulate the taste, texture, and appearance of traditional animal meat. The purpose of plant-based protein meat is to provide a sustainable and ethical alternative to animal meat, catering to individuals looking to reduce their meat consumption for health, environmental, or ethical reasons.

The advantages of plant-based protein meat include being cholesterol-free, lower in saturated fats, and high in fiber and nutrients. It also has a lower environmental impact compared to traditional animal meat production, making it a more sustainable choice for the planet.

The rise in plant-based protein meat products is expected to significantly impact the plant-based protein meat market, with increasing demand from consumers seeking healthier and more sustainable food options. This growing market is likely to drive innovation and competition, leading to a wider variety of plant-based protein meat products available to consumers.

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Market Trends in the Plant-based-protein Meat Market

- Emerging technologies such as plant-based fermentation and cellular agriculture are enabling the production of more realistic plant-based meat products.

- Consumer preferences for healthier and more sustainable food options are driving the demand for plant-based protein meat alternatives.

- Industry disruptions such as collaborations between food companies and celebrities, as well as partnerships with traditional meat producers, are helping to expand the plant-based protein meat market.

- The growing availability of plant-based protein meat products in mainstream supermarkets and restaurants is making them more accessible to a wider audience.

- Innovative marketing strategies, such as promoting plant-based protein meat products as "clean" and "ethical," are resonating with environmentally-conscious consumers.

- The plant-based protein meat market is experiencing rapid growth as a result of these trends, with analysts projecting significant expansion in the coming years.

Market Segmentation

The Plant-based-protein Meat Market Analysis by types is segmented into:

• Soy-based Meat Alternatives
• Mycoprotein Meat Alternatives
• Wheat-based Meat Alternatives
• Other

Plant-based-protein meat comes in various forms, including soy-based alternatives like tofu and tempeh, mycoprotein alternatives like Quorn, wheat-based alternatives like seitan, and other options like pea protein and jackfruit. These alternatives cater to different dietary preferences and provide a sustainable, cruelty-free protein source. With the growing trend towards plant-based diets due to health, environmental, and ethical concerns, the demand for plant-based-protein meat is steadily increasing as consumers seek alternatives to traditional meat products.

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The Plant-based-protein Meat Market Industry Research by Application is segmented into:

• Vegetarian
• Non-vegetarian

Plant-based-protein meat is used in both vegetarian and non-vegetarian applications as a meat substitute. Vegetarians use it as a direct replacement for animal protein in dishes like burgers, sausages, and stir-fries. Non-vegetarians incorporate plant-based-protein meat into their diets to reduce overall meat consumption and improve health. The fastest growing application segment in terms of revenue is the mainstream meat industry, where plant-based-protein meat is being used by major food manufacturers to create alternative meat products that appeal to a wider consumer base. This shift is driven by increasing awareness of environmental and health concerns associated with traditional meat consumption.

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Geographical Spread and Market Dynamics of the Plant-based-protein Meat Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The plant-based protein meat market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is witnessing significant growth due to increasing consumer awareness about the health and environmental benefits of plant-based diets. Key players like ConAgra Foods, Beyond Meat, and Nestlé USA are capitalizing on this trend by launching innovative plant-based meat products to cater to the growing demand. Market opportunities include the rising adoption of vegan and vegetarian diets, government initiatives promoting plant-based foods, and the increasing availability of plant-based meat alternatives in retail stores and restaurants. Factors driving market growth include increasing disposable income, changing consumer preferences, and the growing focus on sustainable food practices. The market is expected to continue expanding as more consumers embrace plant-based eating for health, ethical, and environmental reasons.

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Plant-based-protein Meat Market Growth Prospects and Market Forecast

The expected CAGR for the Plant-based-protein Meat Market during the forecasted period is projected to be around 15-20%. This strong growth is driven by the rising awareness of health and environmental concerns, as well as the increasing demand for sustainable and cruelty-free protein sources.

Innovative growth drivers for the market include partnerships and collaborations between plant-based protein companies and food manufacturers to develop new products and expand distribution channels. Additionally, advancements in technology and research are resulting in the development of more realistic and flavorful plant-based meat alternatives, attracting a wider consumer base.

Deployment strategies such as investing in marketing and advertising campaigns to educate consumers about the benefits of plant-based protein, as well as expanding product offerings to include more diverse options, can further increase the growth prospects of the market. Trends such as the rise of flexitarianism and the increasing availability of plant-based options in mainstream restaurants and fast food chains are also expected to drive growth in the plant-based protein meat market.

Plant-based-protein Meat Market: Competitive Intelligence

• ConAgra Foods
• Beyond Meat
• Amy`s Kitchen
• Turtle Island Foods
• The Hain Celestial Group
• McCain Foods
• Monde Nissin Corporation
• Nestlé USA
• Atlantic Natural Foods
• Pacific Foods of Oregon
• The Kraft Heinz Company
• Schouten Europe
• Kellogg Company
• VBites Food
• Hügli Holding (Bell Food Group)
• Fry Group Foods
• Lightlife Foods
• Nasoya Foods

Beyond Meat is one of the leading players in the plant-based protein meat market, known for its innovative products that closely mimic the taste and texture of traditional meat. The company has seen significant growth in recent years, with a strong focus on expanding its product offerings and distribution channels. Beyond Meat has also partnered with major fast-food chains like Subway and Dunkin' Donuts to offer plant-based options on their menus, further increasing its market reach.

Pacific Foods of Oregon is another key player in the plant-based protein meat market, specializing in a wide range of plant-based products including plant-based meats, soups, and non-dairy beverages. The company has a strong emphasis on natural and organic ingredients, appealing to health-conscious consumers. Pacific Foods has also expanded its reach into international markets, driving further growth and revenue.

Amy's Kitchen is a well-known brand in the plant-based protein meat market, offering a variety of vegetarian and vegan products, including plant-based burgers and sausages. The company has a strong emphasis on organic ingredients and sustainable practices, resonating with environmentally conscious consumers. Amy's Kitchen has seen steady growth in sales revenue, with a loyal customer base and strong brand recognition.

Sales revenue:

- Beyond Meat: $ million

- Pacific Foods of Oregon: $130 million

- Amy's Kitchen: $500 million

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