Plant-Based Meat Market to Exhibit a Remarkable CAGR of 12.74% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

The global plant-based meat market size was valued at USD 11.27 billion in 2023 and is projected to reach USD 33.85 billion by 2031, with a CAGR of 12.74% during the forecast period of 2024 to 2031.

Plant-based meat refers to meat alternatives made primarily from plant ingredients designed to mimic the taste, texture, and nutritional profile of traditional meat products. Common sources include legumes, grains, soy, and peas, often enhanced with flavors, oils, and binding agents. These products cater to vegetarians, vegans, and flexitarians, addressing concerns about health, environmental sustainability, and animal welfare. Popular instances include veggie burgers, plant-based sausages, and meatless nuggets.

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Some of the major players operating in the Plant-Based Meat market are Beyond Meat. (U.S.), Impossible Foods Inc. (U.S.), Maple Leaf Foods. (Canada), Unilever. (Netherlands), Conagra Brands, Inc U.S.), Kellogg Co. (U.S.), Tofurky (U.S.), Valio Oy(Finland), Sunfed (New Zealand), VBites Foods Ltd (U.K), The Kraft Heinz Company. (U.S.), Yves Veggie Cuisine (U.S), Ojah B.V. (Netherlands), Moving Mountains Foods (U.S.), Eat Just, Inc. (U.S.), LIVEKINDLY Collective (Germany), Gooddot (India), No Evil Foods (U.S.)

Global Plant-Based Meat Market Scope
The market is segmented on the basis of source, type, product type, process, distribution channel, storage, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
Soy
Wheat
Pea
Mycoprotein
Gluten
Others
  Type
Pork
Beef
Chicken
Fish
Tofu
Tempeh
Quorn
Mushroom
Seitan
RTC/RTE
Natto
Others
 Product Type
Burger Patties
Sausages
Strips and Nuggets
Meatballs
Tenders and cutlets
Grounds
Others
 Process
Grinding
Mixing
Blending
Forming/Shaping
Freezing Systems
Storage
 Distribution Channel
Online platforms
E-Commerce
oCompany Owned Websites
Offline platforms
oRetail Outlets
oFood Services
 Storage
Refrigerated plant-based meat
Frozen peas based meat
Shelf stable plant-based meat
 End User
Households
Food Industry
HORECA

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