Plant-based Meat Market Report

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PLANT-BASED MEAT MARKET REPORT
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INTRODUCTION
Plant-based meats mimic animal meats in taste and
texture using proteins from sources like tofu,
legumes, and soybeans. They're lower in saturated
fat and calories, and high in fiber.
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KEY INSIGHTS
MARKET SIZE(2022) 5.23 BN
CAGR (2023-2030) 20.2
FORECAST(2030) 18.96 BN
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REVENUE MARKET SHARE BY SEGMENTS 2022
SOURCE SOY31.3
PRODUCT TYPE PATTIES30.6
TYPE CHICKEN29.7
END USER HORECA60.4
DISTRIBUTION CHANNEL SUPERMARKET41.5
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AUTHOR'S PERSPECTIVE

• PATTIES SEGMENT WAS THE LEADING SEGMENT OF THE
  MARKET OF PLANT-BASED MEAT.
• SUPERMARKET SEGMENT IS CONTRIBUTED TO LARGEST
  REVENUE SHARE OF THE GLOBAL PLANT BASED MEAT
  MARKET.
• ASIA PACIFIC PLANT-BASED MEAT MARKET IS EXPECTED
  TO SHOW SIGNIFICANT GROWTH IN THE COMING YEAR.

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GLOBAL PLANT-BASED MEAT MARKET REVENUE SHARE FOR
2022
NORTH AMERICA 36.4
THE NORTH AMERICA PLANT-BASED MEAT MARKET
DOMINATES OVERALL PLANT-BASED MEAT MARKET OWING
TO THE PRESENCE OF MAJOR MANUFACTURERS IN
COUNTRIES LIKE U.S., AND CANADA. FURTHER, PEOPLE
OF THESE COUNTRIES ARE MORE INCLINING TOWARDS
HEALTHY EATING HABITS, ALONG WITH CONSUMPTION OF
SUSTAINABLE PRODUCTS.
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DRIVERS
RESTRAINTS
Rising investment by major players is driving the
growth of plant-based meat market
Negative perception in regards to appearnec may
hinder the growth of market
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KEY PLAYERS
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