Uploaded on May 7, 2021
Plant-based Meat Market Growth Prospects, Key Vendors, Future Scenario Forecast 2025
Plant-based Meat
Plant-based Meat Market Growth Prospects, Key Vendors, Future Scenario Forecast 2025
Market Overview
Plant-Based meat is a food made from soy or gluten which provides same nutritional value as meat.
Plant-based meat products are gaining popularity nowadays due to many health and environmental
reasons. There are two different methods of processing plant-based meat: thermoplastic extrusion
and fiber spinning. Plant-Based meat products are extensively adopted in daily diet, owing to
presence of essential nutrients similar to meat products.
Among product types, tofu segment accounted for the highest market share in the market in 2017.
Tofu, originated in China about 2000 years ago, is efficient source of protein and contains all eight
essential amino acids. Notable health benefits of tofu include, low cholesterol levels, maintaining
cardiovascular health, preventing osteoporosis and ease menopause symptoms.
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Market Dynamics
Increasing health awareness in consumers, meat adulteration, and environmental or ethical concerns
are major factors that drive plant-based meat market growth. Consumers are changing their dietary
pattern in order to exclude meat protein and include Plant-Based protein. These products help
consumer with daily protein supply required for better health. Moreover, plant-based meat helps to
reduce the calorie intake by 20%, which helps to reduce weight. The meat substitute reduce risk of
heart disease, cancer, lower blood cholesterol, and increasing bone mass. Adulteration and
infectious in meat can cause brain disorder, diarrhea, abdominal cramps, muscle pain, and fever.
Therefore, increasing prevalence of such diseases associated with meat consumption is projected to
boost growth of plant-based meat market over the forecast period.
Abundance of feedstock worldwide is major factor contributing to growth of the plant-based meat
market. According to the Food and Agriculture Organization (FAO), estimated production of cereal
in 2017-18 was pegged at 2,650.8 million metric tons worldwide.
However, plant -based meat is not suitable for everyone and especially to those who have gluten
intolerance or sensitivity. Such allergy may lead to increased intestinal permeability and gut
inflammation, which is major factor hindering the market growth. Excessive intake of plant-based
meat products may increase the weight of the body.
Market Taxonomy
On the basis of product type, the global Plant-Based meat market is segmented into:
•Tofu
•Mushroom
•Tempeh
•Quorn
•Seitan
On the basis of source, the global Plant-Based meat market is segmented into:
•Gluten Based
•Soy based
•Mycoprotein
Key players operating in the global plant-based meat market include, Beyond Meat, Impossible
Foods Inc., Parabel USA Inc., Archer Daniels Midland Company, Amy’s Kitchen Inc., Quorn
Foods, Inc., Garden Protein International, Inc., and Morningstar Farms LLC.
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