Plant-Based Meat Market Share, Research, Growth, Industry Trends and Analysis by Forecast to 2025

03/dic/2019 11:50:46 suraj taur Contatta l'autore

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Market Insight

Global Plant-Based Meat Market is projected to be valued at USD 16.40 billion by 2025, expanding at a CAGR of 14.17% between 2019 and 2025. Plant-based meat provides consumers the required protein and other nutrients for a healthy lifestyle without compromising on the taste of meat. Industrially, plant-based meat is produced using lesser land than conventional meat. For instance, animal agriculture takes up 75% of all agricultural land to cater a mere 16% of the food supply.

Key Players

The prominent players in the Global Plant-Based Meat Market are AMY's Kitchen, Beyond Meat, Garden Protein International, Blue Chip Group, Morning Star Farms L.C., VBites Foods, Ltd., Schouten Europe B.V., Cauldron Foods Limited and Impossible Foods Inc.

Regional Analysis

North America: North America accounted for a significant share of 30% of the global plant-based meat market in 2018. The North American plant-based meat market is highly fragmented owing to the presence of several players. US: The US accounted for the largest share of the North American plant-based meat market in 2018. The demand for plant-based meat is driven by the increasing vegan population across the US along with the increasing new product launches.

Europe: Europe has accounted for the largest market share in the global plant-based meat market. The market is projected to register moderate growth during the forecast period.  Germany:  Germany held the highest market share in Europe plant-based meat market in 2018. The launch of innovative products by market players is expected to drive the growth of the German plant-based meat market.  UK: The UK market is expected to register the highest growth during the forecast period. Increasing number of vegan populations in the UK has led to the rising consumption of plant-based meat over the last few years.

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Asia-Pacific: The plant-based meat market in Asia-Pacific is in its early growth stage and is projected to be the fastest-growing during the review period. India: India has accounted for significant market share of Asia-Pacific plant-based meat market in 2018. The growth of the plant-based meat market is attributed to the several factors. Australia & New Zealand: Australia & New Zealand offers massive opportunity to the manufacturers of plant-based meat. Rest of the World: The market in the rest of the world includes South America, the Middle East, and Africa. The South America market is expected to be the largest during the forecast period. Brazil and Argentina collectively accounted for the majority of the South America plant-based meat market in 2018.

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