What is Plant Based Meat Market Scope?
Plant-based meats are manufactured from plants and offer to feel, taste, and appear similar to the real meat. Plant-based meats are considered as the healthier than regular meat because they are lower in saturated fat and calories. The major ingredients in plant-based meats are coconut oil, vegetable protein extract, and beet juice.
The Plant Based Meat market study is being classified by Type (Beef, Chicken, Pork, Fish and Others) and major geographies with country level break-up.
The leading market players those are contributing high market share and generating huge revenue are exploring various market growth opportunities by expanding their footprint in new geographical regions, or by acquisitions, expansions, R&D investments, new service launches and many other. The market-leading players are discovering new growth areas through expansions and acquisitions across the globe to benefit from competitive advantage through combined collaborations. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plant Based Meat market throughout the predicted period.
Beyond Meat (United States), Impossible Foods Inc. (United States), Maple Leaf Foods (Canada), The Vegetarian Butcher (Netherlands), Gardein Protein International (Canada), Morningstar Farms (United States), Quorn Foods (United States), Amyís Kitchen (United States), Tofurky (United States) and Gold&Green Foods Ltd. (Finland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sunfed (New Zealand), VBites Food Limited (United Kingdom) and Alpha Foods (United States).
Analyst at AMA have segmented the market study of Global Plant Based Meat market by Type, Application and Region.
On the basis of geography, the market of Plant Based Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In Sep 2020, Gardein, a brand of Conagra Brands, Inc. announced the launch of a collection of plant-based meat alternatives from the freezer case to the soup aisle with the debut of five new Gardein Soups, the first-ever line-up of soups featuring plant-based meat alternatives. Through this initiative, the company is able to generate a huge amount of revenue.
Influencing Market Trend
- Technology Development in Production
- Increase in Number of Vegan and Flexitarian Population Across the Globe
- Increase in Awareness Regarding the Health Benefits Accessible by Plant-Based Meat Over Animal Meat
- Growing Demand for Alternative Solution to Meet Products
- Increase In Occurrence of Allergic to Plant-Based Meat
- High Cost Associated with Manufacturing
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Plant Based Meat Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Plant Based Meat market expands?
The Global Plant Based Meat market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Plant Based Meat market?
The prominent players of Global Plant Based Meat market are Beyond Meat (United States), Impossible Foods Inc. (United States), Maple Leaf Foods (Canada), The Vegetarian Butcher (Netherlands), Gardein Protein International (Canada), Morningstar Farms (United States), Quorn Foods (United States), Amyís Kitchen (United States), Tofurky (United States) and Gold&Green Foods Ltd. (Finland), to name a few.
3. What are the top priorities to focus for Plant Based Meat marketís growth?
In this highly competitive & fast evolving Plant Based Meat industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.