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Global Plant-based Meat Market Report 2021: Market to Reach $35 Billion by 2027 - U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 13.9% CAGR

Research and Markets
·5-min read

Dublin, March 31, 2021 (GLOBE NEWSWIRE) -- The "Plant-based Meat - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Plant-based Meat Market to Reach $35 Billion by 2027

Amid the COVID-19 crisis, the global market for Plant-based Meat estimated at US$ 13.6 Billion in the year 2020, is projected to reach a revised size of US$ 35 Billion by 2027, growing at a CAGR of 14.4% over the analysis period 2020-2027.

Soy, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$ 15.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wheat segment is readjusted to a revised 13.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 13.9% CAGR

The Plant-based Meat market in the U.S. is estimated at US$ 4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 6.1 Billion by the year 2027 trailing a CAGR of 13.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 12.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Pea Segment to Record 15.1% CAGR

In the global Pea segment, USA, Canada, Japan, China and Europe will drive the 15% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 2.1 Billion in the year 2020 will reach a projected size of US$ 5.5 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 4.2 Billion by the year 2027.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Plant-based Meat Competitor Market Share Scenario Worldwide (in %)

  • Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 52 Featured):

  • Amy's Kitchen

  • Beyond Meat

  • Foods

  • Garden Protein International

  • Gold & Green Foods

  • Greenwise

  • Maple Leaf Foods

  • Morningstar Farms

  • Novameat

  • Omnipork

  • Quorn Foods

  • Sunfed

  • The Vegetarian Butcher

  • Tofurky

  • V2food

  • VBites

  • Zhenmeat

  • Zikooin

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World Current & Future Analysis for Wheat by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Pea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Other Sources by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Burger Patties by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Sausages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Strips & Nuggets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Meatballs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Chicken by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Pork by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Beef by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

  • World Current & Future Analysis for Fish by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAG

III. GEOGRAPHICAL MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/hddr9j

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