Global Plant-based Meat Market 2024-2028

Global Plant-Based Meat Market 2024-2028

Technavio has been monitoring the plant-based meat market and is forecast to grow by USD 27293.8 mn during 2023-2028, accelerating at a CAGR of 36.92% during the forecast period. Our report on the plant-based meat market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches, increasing investments by vendors in the market, and increase in the number of people following the vegan lifestyle.

Technavio's plant-based meat market is segmented as below:

By Foodservice System

• Frozen
• Refrigerated
• Shelf-stable

By Type

• Plant based beef
• Plant based chicken
• Plant based pork
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the changing consumer demographics as one of the prime reasons driving the plant-based meat market growth during the next few years. Also, growth of private-label brands and celebrity endorsement will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the plant-based meat market covers the following areas:

• Plant-based meat market sizing
• Plant-based meat market forecast
• Plant-based meat market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plant-based meat market vendors that include Albertsons Co. Inc, Beyond Meat Inc., Conagra Brands Inc., Ecozone Ltd., Gathered Foods Corp., Green Monday, Hormel Foods Corp., Impossible Foods Inc., Jensen Meat Co., Kellogg Co., Kerry Group Plc, Kroger Co., Maple Leaf Foods Inc., Monde Nissin Corp., Nestle SA, New Wave Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever PLC. Also, the plant-based meat market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.