Global Plant Based Meat Market - Analysis By Source, By Product, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)

Global Plant Based Meat Market - Analysis By Source, By Product, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)

Executive Summary

Global Plant Based Meat Market, valued at USD 4291.58 million in the year 2019 is growing on the back of rising number of buyers demanding plant-based meat product either for clinical reasons or for practicing healthy lifestyle. Also, producers making efforts on a continuous basis for manufacturing plant-based meat (alternative source of protein) are the major factors impelling the market growth. Furthermore, rising obesity rates across the globe, coupled with consumer interest in healthier food alternatives, are also expected to drive the demand for meatless proteins during the forecast period of 2020-2025.

During the beginning of the coronavirus pandemic, the meat business was hammered by warnings of meat deficiencies because of temporarily shuttered plants and growing number of sick workers. The market leaders such as Beyond Meat Inc., Impossible Foods Inc., and Tofurky Co. are increasing the level of production amid pandemic and also offering discounts on their plant-based meat products to enhance consumer base, expanding stores, and completing partnership with the stakeholders.

Under the Source Segment, Soy dominates the overall Plant Based Meat market and continuous increasing demand owing to developing consumer consciousness of soy’s various medical advantages and rising usage in wafers, snacks, cookies and baked items. Over the forecast period, the Pea Segment is also expected to increase as it is a high-quality and protein-rich option for veggie lovers, vegans, lactose-bigoted buyers, and people searching for nutrient rich protein substitutes

On the basis of Product Segment, the Burger Patties segment held the largest market share and value during the historical period because of the introduction of numerous veg burger types along with various plant-based ingredients to satisfy the desire and taste of the consumer. Also, the continual research and development by the market leaders and startups for enhancing the designing, garnishing and structure of Plant Based Meats burger patties are attracting large group of flexitarians are expected to propel market demand of Plant Based Meat burger patties.

Among the regions, North America region is the most attractive region for the growth of Plant Based Meat market owing to rise in the veggie lovers and rising trend of vegetarianism among masses. Also, change in lifestyle, rising number of patients suffering from Non communicable Diseases in the US, growing acceptance of plant sourced products due to its advantages associated with health and existence of global leaders in the region are expected to pull the market growth.

Scope of the Report

The report analyses Plant Based Meat Market By Value.
The report analyses Plant Based Meat Market By Source (Soy, Wheat, Peas, Others)
The report assesses the Plant Based Meat Market By Product – (Burgers, Sausages, Nuggets, Others).
The Global Plant Based Meat Market has been analysed By Region (North America, Europe, Asia Pacific) and By Country (US, Canada, UK, France, Italy, Germany, China, India, South Korea, Japan).
The key insights of the report have been presented through the attractiveness of the market has been presented By Source, By Product and By Region. Additionally, the major opportunities, trends, drivers, challenges of the industry has been analysed in the report.
The companies analysed in the report include Impossible Foods, Beyond Meat Inc., The Vegetarian Butcher (Unilever), LightLife (MapleLeaf Foods), Garden Protein International, Amy's Kitchen, Quorn Foods, Gold & Green Foods Ltd., Tofurky and VBites.
The report presents the analysis of Plant Based Meat market for the historical period of 2015-2019 and the forecast period of 2020-2025.

Key Target Audience

Plant-based Food and Beverage Companies
Consulting and Advisory Firms
Government and Policy Makers
Investment Banks and Equity Firms
Regulatory Authorities


1. Report scope & Methodology 1
1.1 Scope of the Report 2
1.2 Research Methodology 17
1.3 Executive Summary 18
2. Strategic Recommendations 21
2.1 Advertise & Educate the Consumer About Meat Alternative Products 22
3. Global Plant Based Meat Market: Product Outlook 23
4. Global Plant Based Meat Market: Sizing and Forecast 25
4.1 Market Size, By Value, Year 2015-2025 26
5. Global Plant Based Meat Market Segmentation By Source (By Value) 34
5.1 Competitive Scenario of Global Plant Based Meat Market – By Source (2019 & 2025) 35
5.2 Soy – Market Size and Forecast (2020-2025) 36
5.3 Wheat - Market Size and Forecast (2020-2025) 37
5.4 Pea - Market Size and Forecast (2020-2025) 38
S.No Particulars Page No.
6. Global Plant Based Meat Market Segmentation By Product (By Value) 40
6.1 Competitive Scenario of Global Plant Based Meat – By Product (2019 & 2025) 41
6.2 Burgers – Market Size and Forecast (2020-2025) 42
6.3 Sausages – Market Size and Forecast (2020-2025) 43
6.4 Nuggets – Market Size and Forecast (2020-2025) 44
6.5 Others – Market Size and Forecast (2020-2025) 45
7. Global Plant Based Meat Market: Regional Analysis 46
7.1 Competitive Scenario of Global Plant Based Meat Market : By Region (2019 & 2025) 48
8. North America Plant Based Meat Market: Segmentation By Source, By Product(2020-2025) 50
8.1 North America Plant Based Meat Market: Size and Forecast (2020-2025) 51
8.2 North America Prominent Companies in Plant Based Meat Market 53
8.3 Market Segmentation By Source (Soy, Wheat, Pea and Others) 55
8.4 Market Segmentation By Product (Burger Patties, Sausages, Nuggets and Others) 56
8.6 North America Plant Based Meat Market: Country Analysis 57
S.No Particulars Page No.
8.8 Competitive Scenario of North America Plant Based Meat Market: By Country (2019 & 2025) 60
8.9 United States Plant Based Meat Market: Size and Forecast (2020-2025) 62
8.10 United States Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 65
8.11 Canada Plant Based Meat Market: Size and Forecast (2020-2025) 68
8.12 Canada Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 70
9. Europe Plant Based Meat Market: Segmentation By Source, By Product(2020-2025) 72
9.1 Europe Plant Based Meat Market: Size and Forecast (2020-2025) 73
9.2 Europe Prominent Companies in Plant Based Meat Market 77
9.3 Market Segmentation By Source (Soy, Wheat, Pea and Others) 79
9.4 Market Segmentation By Product (Burger Patties, Sausages, Nuggets and Others) 80
9.5 Europe Plant Based Meat Market: Country Analysis 81
9.6 Market Opportunity Chart of Europe Plant Based Meat Market - By Country, By Value (Year-2024) 83
9.7 Competitive Scenario of Europe Plant Based Meat Market: By Country (2019 & 2025) 84
9.8 United Kingdom Plant Based Meat Market: Size and Forecast (2020-2025) 86
S.No Particulars Page No.
9.10 France Plant Based Meat Market: Size and Forecast (2020-2025) 91
9.11 France Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 93
9.12 Italy Plant Based Meat Market: Size and Forecast (2020-2025) 96
9.13 Italy Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 98
9.14 Germany Plant Based Meat Market: Size and Forecast (2020-2025) 101
9.15 Germany Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 103
10. Asia Pacific Plant Based Meat Market: Segmentation By Source, By Product(2020-2025) 105
10.1 Asia Pacific Plant Based Meat Market: Size and Forecast (2020-2025) 106
10.2 Asia Pacific Prominent Companies in Plant Based Meat Market 108
10.3 Market Segmentation By Source (Soy, Wheat, Pea and Others) 110
10.4 Market Segmentation By Product (Burger Patties, Sausages, Nuggets and Others) 111
10.5 Asia Pacific Plant Based Meat Market: Country Analysis 112
10.6 Market Opportunity Chart of Asia Pacific Plant Based Meat Market - By Country, By Value (Year-2024) 115
10.7 Competitive Scenario of Asia Pacific Plant Based Meat Market: By Country (2019 & 2025) 116
10.8 China Plant Based Meat Market: Size and Forecast (2020-2025) 117
10.9 China Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 120
S.No Particulars Page No.
10.10 Australia Plant Based Meat Market: Size and Forecast (2020-2025) 123
10.11 Australia Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 125
10.12 India Plant Based Meat Market: Size and Forecast (2020-2025) 128
10.13 India Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 130
10.14 Japan Plant Based Meat Market: Size and Forecast (2020-2025) 133
10.15 Japan Plant Based Meat Market Segmentation By Source, By Product(2020-2025) 135
11. Global Plant Based Meat Market Dynamics 137
11.1 Global Plant Based Meat Market Drivers 138
11.2 Global Plant Based Meat Market Restraints 139
11.3 Global Plant Based Meat Market Trends 140
12. Market Attractiveness 141
12.1 Market Attractiveness Chart of Global Plant Based Meat Market - By Source (Year 2025) 143
12.2 Market Attractiveness Chart of Global Plant Based Meat Market - By Product (Year 2025) 144
12.3 Market Attractiveness Chart of Global Plant Based Meat Market - By Region, By Value, (Year-2024) 145
S.No Particulars Page No.
13.1 Market Share Analysis 147
14. Company Profiles (Business Description, Financial Analysis, Business Strategy) 150
14.1 Impossible Fds 151
14.2 Beyond Meat Inc. 152
14.3 The Vegetarian Butcher (Unilever) 154
14.4 LightLife (MapleLeaf Foods) 155
14.5 Garden Protein International 157
14.6 Amy's Kitchen 158
14.7 Quorn Foods 159
14.8 Gold&Green Foods Ltd 160
14.9 Tofurky 161
14.10 Vbites 162
List of Tables
Table No. Table Title Page No.
Table 1: Global Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 26
Table 2: Healthcare Expenditure (Share of GDP), By Selected Country, 2013-2017 (In %) 30
Table 3: Obese Population, By Country, 2017 (In Millions) 30
Table 4: Global Food Retail Market, By Value 2015-2019 (In USD Billion) 31
Table 5: Global Internet Users 2015-2019 ( In Billion) 31
Table 6: Global Prevalence of Diabetes Type II, 2014-2017 (In Millions) 32
Table 7: Countries With Highest Percentage of Vegans, 2019, (In %) 32
Table 8: Global Plant Based Meat Market- By Source (2019 & 2025) 35
Table 9: Global Plant Based Meat Market- By Soy, By Value (USD Million), 2015-2025 36
Table 10: Global Plant Based Meat Market- By Wheat, By Value (USD Million), 2015-2025 37
Table 11: Global Plant Based Meat Market- By Peas, By Value (USD Million), 2015-2025 38
Table 12: Global Plant Based Meat Market- By Others, By Value (USD Million), 2015-2025 39
Table 13: Global Plant Based Meat Market- By Product (2019 & 2025) 41
Table 14: Global Plant Based Meat Market- By Burger Patties, By Value (USD Million), 2015-2025 42
Table 15: Global Plant Based Meat Market- By Sausages, By Value (USD Million), 2015-2025 43
Table 16: Global Plant Based Meat Market- By Nuggets, By Value (USD Million), 2015-2025 44
Table 17: Global Plant Based Meat Market- By Others, By Value (USD Million), 2015-2025 45
Table 18: Global Plant Based Meat Market- By Region (2019 & 2025) 48
Table 19: North America Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 51
Table 20: Internet Penetration in the American Region, 2019 52
List of Tables
Table No. Table Title Page No.
Table 21: North America GDP per Capita, 2014-2018 (In USD) 52
Table 22: North America Gross domestic product 2014-2018 (USD Trillions) 52
Table 23: North America Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 55
Table 24: North America Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 56
Table 25: Market Opportunity Chart of North America Plant Based Meat Market - By Country, By Value (Year-2024) 59
Table 26: North America Plant Based Meat Market- By Country (2019 & 2025) 60
Table 27: United States Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 62
Table 28: US Total Retail & Food Service Sales In USA 2015-2019 (USD Trillions) 63
Table 29: US, Online Grocery Sales, 2014-2018, (USD Billion) 63
Table 30: United States Prevalence of Diabetes Type II, 2014-2017 (In Millions) 63
Table 31: Medical and Healthcare Research & Development Spending, 2013-2016 (In USD Million) 63
Table 32: United States Plant-Based Meat Product Type, 2019 (In %) 64
Table 33: United States Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 65
Table 34: United States Plant Based Meat Market-, By Product (USD Million), 2015-2025 66
Table 35: Canada Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 68
Table 36: Canada, Expenditure on Health as a share of GDP, 2012-2017 (in %) 69
Table 37: Canada, Per Capita Healthcare Expenditure, 2012-2017 (USD) 69
Table 38: Canada, Population ages 65 and above, 2012-2017 (% of total) 69
Table 39: Canada Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 70
Table 40: Canada Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 71
List of Tables
Table No. Table Title Page No.
Table 61: France Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 93
Table 62: France Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 94
Table 63: Italy Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 96
Table 64: Italy, GDP Growth Rate (Annual %), 2015-2019 97
Table 65: Italy, Current Health Expenditure (% of GDP), 2015-2019 97
Table 66: Italy Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 98
Table 67: Italy Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 99
Table 68: Germany Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 101
Table 69: Germany, Spending on Healthcare, 2015 & 2040E, (USD Per Person) 102
Table 70: Germany Prevalence of Inflammatory Bowel Disease, 2014-2017 (In Thousands) 102
Table 71: Germany Prevalence of Diabetes Type II, 2014-2017 (In Millions) 102
Table 72: Germany Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 103
Table 73: Germany Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 104
Table 74: Asia Pacific Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 106
Table 75: Population ages 65 and above, Asia Pacific Region, By Select Countries, 2019 (% of total) 107
Table 76: Diabetes Prevalence (% of population ages 20 to 79), By Selected Country, 2017 107
Table 77: Obesity Rate, By Selected Country, 2017 (In Percentage) 107
Table 78: Asia Pacific Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 110
Table 79: Asia Pacific Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 111
Table 80: Market Opportunity Chart of Asia Pacific Psoriasis Market - By Country, By Value (Year-2025) 114
List of Tables
Table No. Table Title Page No.
Table 81: APAC Plant Based Meat Market Share- By Country: (2019 & 2025)) 115
Table 82: China Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 117
Table 83: China Gross domestic product, 2014-2018 (USD Trillions) 118
Table 84: China population, 2014-2018 (In Billions) 118
Table 85: China Per capita expenditure on Food Products, 2014-2018 (In USD) 118
Table 86: China Urban Population, 2014-2018 (% of total) 118
Table 87: China Per capita expenditure on Food Products, 2014-2018 (In USD) 119
Table 88: China Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 120
Table 89: China Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 121
Table 90: Australia Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 123
Table 91: Australia, GDP Growth Rate (Annual %), 2015-2019 124
Table 92: Australia, Current Health Expenditure (% of GDP), 2015-2019 124
Table 93: Australia Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 125
Table 94: Australia Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 126
Table 95: India Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 128
Table 96: India, GDP Growth Rate (Annual %), 2015-2019 129
Table 97: India, Current Health Expenditure (% of GDP), 2015-2019 129
Table 98: India Prevalence of Diabetes Type II, 2014-2017 (In Millions) 129
Table 99: India Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 130
Table 100: India Plant Based Meat Market- By Product, By Value (USD Million), 2015-2025 131
List of Tables
Table No. Table Title Page No.
Table 101: Japan Plant Based Meat Market Size, By Value, 2015-2025 (USD Million) 133
Table 102: Japan Gross Domestic Product, 2014-2018 2014-2019 (USD Trillion) 134
Table 104: Japan Population, 2014–2018, (In Million) 134
Table 106: Japan Plant Based Meat Market- By Source, By Value (USD Million), 2015-2025 135
Table 108: Market Attractiveness Chart of Global Plant Based Meat Market - By Source (Year-2025) 143
Table 110: Market Attractiveness Chart of Global Plant Based Meat Market - By Region, By Value, (Year-2024) 145
Table 112: North America, Share of Leading Plant-Based Meat Companies 2019 (In%) 148
Table 114: China Market Share of Leading Plant-Based Beverage Company, 2019 (In %) 149
Table 116: Beyond Meat Inc., Net Sales, 2016-2019 (USD Millions) 153
Table 118: Beyond Meat Inc., Net Profit, 2016- 2019(USD Million) 153
Table 120: MapleLeaf, Revenue, 2015-2019 (USD Millions) 156
List of Tables
Table No. Table Title Page No.
Table 121: MapleLeaf Foods, Revenue By Business Segment, 2019 (in %) 156
Table 122: MapleLeaf, Net income, 2015- 2019(USD Million) 156
Table 123: MapleLeaf Foods, Revenue By Geography, 2019 (in %) 156
List of Tables
Table A: Prominent Plant Based Meat companies operated in North America Market 53
Table B: Prominent Plant Based Meat companies operating in Europe Market 77
Table C: Prominent Plant Based Meat companies operated in Asia Pacific Market 108
Table D: The Companies Leading China’s Plant-Based Meat Movement 119

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