Plant-based Meat market Global Industry Trends and Forecast to 2027

The Plant-based Meat market is estimated to grow at CAGR 14% during the forecast period 2021-2026.

The plant-based meat market is estimated to be fast growing market as increasing number of consumers are demanding plant-based meat, either for medical reasons or as a healthy lifestyle. As a result, the demand for plant-based meat continues to expand. Additionally, continuous efforts in research & development by plant-based meat manufacturers, in terms of better aroma, texture, longer shelf life, and better nutritious profiles, is projected to escalate the growth of global plant-based meat market in the coming years.

The soy segment is projected to dominate the plant-based meat market during the forecast period. Soy is widely used as a base ingredient for plant-based pork, beef, and chicken products, owing to its high protein content and meat-like texture. The growing health concerns associated with the consumption of animal protein-sourced foods and adoption of flexitarian and vegetarian diets are expected to drive consumption of soy as a source in the global market. Impossible Foods offers soy-based burgers and is backed by a strong distribution network in the US.

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Plant-based Meat Market, By Source
Soy
Wheat
Pea
Others

2. Plant-based Meat Market, By Product
Burger Pattie
Sausages
Strips & Nuggets
Meatballs
Others

3. Plant-based Meat Market, By Type
Pork
Beef
Chicken
Fish
Others

4. Plant-based Meat Market, By Process
Grinding
Mixing
Blending
Forming/Shaping
Freezing Systems
Storage

5. Plant-based Meat Market, By Region
North America
Europe
Asia Pacific
Rest of World
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