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Global Plant-Based Meat Market Is Expected To Record A Positive CAGR Of ~15% During The Forecast Period (2022-2028) – Ken Research

Competition Scenario In Global Plant Based Meat Market

The global Plant-based Meat Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players constitute ~70% of the competitors, followed by regional players which hold 25% of the market presence. Some of the major players in the market include Beyond Meat, Impossible Foods Inc., Starbucks Corporation, Tofurky, Kraft Foods, Inc., Lightlife Foods, Inc., Maple Leaf Foods, Sunfed, VBites Foods Limited, Trader Joe’s, Ojah B.V., and others.

The global Plant-based Meat Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players constitute ~70% of the competitors, followed by regional players which hold 25% of the market presence. Some of the major players in the market include Beyond Meat, Impossible Foods Inc., Starbucks Corporation, Tofurky, Kraft Foods, Inc., Lightlife Foods, Inc., Maple Leaf Foods, Sunfed, VBites Foods Limited, Trader Joe’s, Ojah B.V., and others.

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What is the Expected Future Outlook for the Overall Global PLANT BASED MEAT Market Across the globe?

The Global Plant Based Meat market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Plant Based Meat market is driven by growing flexitarian and vegan populations as well as rising animal welfare initiatives. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.  With the increasing innovation and emergence of new products, the Global Plant Based Meat market is changing rapidly. For instance, In June 2020, the official launch of the Zandbergen co-manufacturing plant in Zoeterwoude, Netherlands, marked the introduction of Beyond Meat, Inc.’s first co-manufacturing capabilities in Europe. It is intended to make Beyond Meat’s products more effectively distributed throughout EMEA.

In June 2022, Starbucks India in collaboration with the vegan meat firm, Imagine Meats, introduced a vegan menu, including a Vegan Croissant Bun with tomatoes, Vegan Sausage Croissant Roll with spiced tomato sauce, a sautéed vegetables, and chermoula, and a Vegan Hummus Kebab Wrap with green pea hummus and pickled carrots, for some of the Starbucks locations across the nation.

Furthermore, In February 2022, A joint venture deal has been signed between food technology startup The Not Company and The Kraft Heinz Co. As part of the announcement of the partnership, Kraft Heinz stated that the project is intended to “reimagine global food production” and move the food industry closer to a “most sustainable” future.

The global Plant-based Meat Market is expected to continue the gradual growth during the forecast period. Consumers are choosing vegan options due to growing concerns about their health and the welfare of animals. Moreover, they also seek the same flavor and tenderness found in meat, and meat products made from animals, are key trends driving market expansion. The market is highly competitive with around 300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Key Topics Covered in the Report

  • Snapshot of the Global Plant-based Meat Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Plant-based Meat Market
  • Historic Growth of the Overall Global Plant-based Meat Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Plant-based Meat Market
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • COVID-19 Impact on the Overall Global Plant-based Meat Market
  • Future Market Forecast and Growth Rates of the Total Global Plant-based Meat Market and by Segments
  • Market Size of Source / Type Segments with Historical CAGR and Future Forecasts
  • Analysis of the Plant-based Meat Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the Report

  • Beyond Meat
  • Impossible Foods Inc.
  • Starbucks Corporation
  • Tofurky
  • Kraft Foods, Inc.
  • Lightlife Foods, Inc
  • Maple Leaf Foods
  • Sunfed
  • VBites Foods Limited
  • Trader Joe’s
  • Ojah B.V.

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Notable Emerging Companies Mentioned in the Report

  • Daring Foo Daring Foods Inc.
  • ICL Food Specialties
  • Burke Corporation.
  • Plant & Bean
  • Vivera

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Plant-Based Meat Manufacturers
  • FMCG Companies
  • HoReCa
  • Ghost Kitchen Operators
  • Food Safety Authorities
  • Advertising Companies
  • F&B Marketing Agencies
  • Dietary Supplement manufacturers
  • F&B Research Institutes
  • Entrepreneurs in Vegan Food Industry
  • Government Departments for Food Standards
  • Online Retail Platforms

Time Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

Global Plant-Based Meat Market

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