Pork is one of the most widely consumed meats across the globe. The ill-effects of pork slaughter resulted in the introduction of substitutes such as plant-based pork. The surging awareness regarding animal slaughter and its adverse effects on the environment forces the populace to adopt a vegan diet. The rising veganism trend has led people to consume meat alternatives. Hence, the increasing popularity of plant-based meats is anticipated to create lucrative opportunities for the global plant-based pork market.
MARKET DYNAMICS
As per the data by People for the Ethical Treatment of Animals (PETA), it is revealed that more than 121 million pigs are slaughtered each year for food in the U.S. Such activities will deplete the animal resources at a rapid speed. Rising awareness regarding the depletion rate of animals is increasing among many people, thereby creating a great demand for the plant-based pork market. Moreover, continuous research and development activities by plant-based meat manufacturers help them to offer products with better texture, aroma, longer shelf life, and better nutrition profiles. Such innovations will also lead to the plant-based pork market expansion.
MARKET SCOPE
The "Global Plant-Based Pork 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 pork market with detailed market segmentation by source, product type, distribution channel, and geography. The global plant-based pork 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 pork market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant-based pork market is segmented on the basis of source, product type, and distribution channel. On the basis of source, plant-based pork 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 pork 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 pork 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 pork 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 pork market in these regions.
MARKET PLAYERS
The reports cover key developments in the plant-based pork 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 pork 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 pork market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based pork 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.
- ADM
- Beyond Meat
- Cargill, Inc.
- Conagra, Inc. (Gardein)
- 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.