A food made from non-meats or without any other animal products, including dairy products that act as a meat substitute, is known as plant based meat. It has the same amount of protein content as that of the actual meat. Plant-based beef is one of the popular plant-based meat products. Plant-based meat products are processed through two basic methodologies, namely fiber spinning or thermoplastic extrusion.
MARKET DYNAMICS
Rising consumer interest in vegan and plant-based diets, along with the increasing awareness about animal rights, is anticipated to propel the market growth. The shift of consumers towards veganism is increasing in North American and European regions. The harmful impact on the environment caused by the meat industry combined with celebrity endorsements and advantages of a vegan diet is leading to this dietary preference.
MARKET SCOPE
The "Global Plant-Based Beef Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plant-based beef market with detailed market segmentation by source, product type, distribution channel, and geography. The global plant-based beef market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant-based beef market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant-based beef market is segmented on the basis of source, product type, and distribution channel. On the basis of source, plant-based beef market is segmented into into soy, wheat, pea, and others. On the basis of product type, market is segmented into burger patties, nuggets, sausages, hot dogs, and others. On the basis of distribution channel, market is segmented into hypermarkets and supermarkets, convinience stores, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global plant-based beef market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plant-based beef market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the plant-based beef market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plant-based beef market in these regions.
MARKET PLAYERS
The reports cover key developments in the plant-based beef market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from plant-based beef market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the plant-based beef market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based beef market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Beyond Meat
- Cargill, Inc.
- Conagra, Inc. (Gardein)
- Fry Family Food
- Impossible Foods Inc.
- MorningStar Farms
- Quorn Foods
- Smithfield Foods
- Tyson Foods
- VBites Foods Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.