World News: 17:49 GMT Thursday 30th May 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, May 30, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The global plant-based meat market was valued at USD 10,500.9 million in 2018; this is projected to grow at a CAGR of 15.0%, to reach USD 27,932.7 million by 2025.
Plant-based meat products are the meat substitutes derived from plant sources such as soy, wheat, and pea. They mimic the characteristics of animal-based meat in terms of taste and texture. The most commonly available and popular plant-based meat products in the market include nuggets, sausages, meatballs, and burger patties. The prime objective behind the concept of plant-based meat is to reduce animal meat consumption, especially due to the health concerns as well as environmental issues associated with it. Industrialized animal agriculture has been intensively impacting our environment, sustainability, human health, and animal welfare over the past several decades, which led to the serious environmental issues such as greenhouse gases (GHG) emissions. Thus, government bodies across the globe have started paying more attention to sustainable solutions to the issues related to meat consumption and its adverse effects.
For Instance, in 2016, the Chinese government outlined a plan to reduce its citizens' meat consumption by 50%. In addition, Good Food Institute (GFI) has significantly invested in various universities across the US such as Cornell University; University of California, Davis; and the University of Minnesota, in order to develop and evolve plant-based meat products in terms of their texture and taste.
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Plant-based Meat Market4.2 Plant-based Meat Market, By Region, 2019 Vs. 20254.3 Plant-based Meat Market, By Source, 2019 Vs. 20254.4 Asia Pacific: Plant-based Meat Market, By Source & Country4.5 Plant-based Meat Market CAGR, By Country5 Market Overview 5.1 Introduction5.2 Supply Chain5.3 Market Dynamics5.3.1 Drivers220.127.116.11 Growing Vegan and Flexitarian Population Across the World18.104.22.168 Rise in Awareness About the Awareness of the Health Benefits of Plant-based Meat Over Animal Meat22.214.171.124 Growth in Government Initiatives Along With Significant Investments126.96.36.199 Major Food Industry Pioneer Investing and Introducing Plant-based Meat Products5.3.2 Restraints188.8.131.52 Population Allergic to Plant-based Meat Sources Such as Soy and Wheat5.3.3 Opportunities184.108.40.206 an Alternative Solution to Meet the Tremendously Growing Demand for Animal Meat Products in the Future220.127.116.11 Favorable Marketing and Correct Positioning of Plant-based Meat5.3.4 Challenges18.104.22.168 Perception of Taste22.214.171.124 Genetically Modified (GM) Soybeans6 Market Disruptions 6.1 Increase in Usage of Pea as A Base Ingredient for Plant-based Meat Products6.2 Demand for Variety in Plant-based Pork and Fish Products7 Plant-based Meat Market, By Source 7.1 Introduction7.2 Soy7.2.1 Key Player Impossible Foods Offering Soy-Based Burgers, With A Robust Presence in the US7.3 Wheat7.3.1 Suitable Alternative to Consumers Allergic to Soy7.4 Pea7.4.1 Growing Interest Among Plant-based Food Manufacturers in Its Health Benefits7.5 Others7.5.1 Companies in Europe are Adding New Ingredients Such as Oats and Quinoa in Plant-based Foods8 Plant-based Meat Market, By Product 8.1 Introduction8.2 Burger Patties8.2.1 Impossible Foods (US) and Beyond Meat (US) are the Two Leading Market Players That are Offering Plant-based Burgers8.3 Sausages8.3.1 The Growing Health and Wellness Trends Have Increased the Popularity of Plant-based Sausages8.4 Strips & Nuggets8.4.1 Gardein Protein International (Canada) and Morningstar Farms (US) are some of the Key Companies That Offer Plant-based Chicken Strips8.5 Meatballs8.5.1 Rising Demand for Variants of Plant-based Meat Products to Drive the Demand for Meatballs Segment8.6 Others9 Plant-based Meat Market, By Type 9.1 Introduction9.2 Pork9.2.1 North American Region Dominated the Pork Segment for Plant-based Meat Market9.3 Beef9.3.1 Surging Awareness Associated With Consumption of Beef Protein Through High Nutritional Food is Gaining Importance Among Consumers9.4 Chicken9.4.1 Growth in Popularity of Chicken Products to Drive the Demand for Plant-based Chicken Meat9.5 Fish9.5.1 Rise in Sales of Fish Products Enabling Plant-based Producers to Offer Plant-based Fish Products9.6 Others10 Plant-based Meat Market, By Process 10.1 Introduction10.2 Grinding10.3 Mixing10.4 Blending10.5 Forming/Shaping10.6 Freezing Systems10.7 Storage11 Plant-based Meat Market, By Region 12 Competitive Landscape 12.1 Overview12.2 Competitive Leadership Mapping (Overall Market)12.2.1 Terminology/Nomenclature126.96.36.199 Visionary Leaders188.8.131.52 Innovators184.108.40.206 Dynamic Differentiators220.127.116.11 Emerging Companies12.3 Ranking of Key Players, 201812.3.1 New Product Launches12.3.2 Expansions & Investments12.3.3 Acquisitions12.3.4 Agreements & Partnerships13 Company Profiles
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Globe Newswire: 17:49 GMT Thursday 30th May 2019
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