The North America Plant-based Meat Market would witness market growth of 17.5% CAGR during the forecast period (2021-2027).
Plant-based meat is a vegan substitute for animal meat, which imitates meat products in appearance, texture, color, and flavor. These products are made by mixing plant protein isolates, edible oils, vegetable extracts, starch, and various other seasonings. Further, the above-mentioned raw materials are processed with coloring agents and additives to get the flavor and texture that looks similar to animal meat.
In the US, approximately 0.5 percent of the total adult population is vegan, which is creating demand for meat substitutes across the country. There is a rise in demand for vegetarian food products that offer vitamin C, high fiber, iron, and also contain low processed saturated fats. Additionally, the constant efforts of manufacturers to develop a product with a better texture, high shelf life, and aroma, and more nutrition value are projected to augment the growth of the market in the coming years.
The growing trend of consuming plant-based food products among young and diverse consumer groups in the U.S would accelerate the growth of the regional market. As per the CDC (Centers for Disease Control and Prevention), 34.1 million people between the age range of 20-79 had diabetes in the US in the year 2020. This would augment the demand for healthy food products like plant-based meat products in the region.
The US market dominated the North America Chicken Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,226.8 million by 2027. The Canada market would witness a CAGR of 19% during (2021 - 2027). Additionally, The Mexico market is anticipated to grow a CAGR of 18% during (2021 - 2027).
Based on Source, the market is segmented into Soy, Wheat, Pea, and Others. Based on Type, the market is segmented into Chicken, Fish, Beef, Pork, and Others. Based on Product, the market is segmented into Burgers, Sausages, Patties, Grounds, Nuggets, Tenders & Cutlets, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Plant-based Meat Market is Estimated to Reach USD 12.32 billion by 2027 at a CAGR of 18.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beyond Meat, Inc., Impossible Foods, Inc., Maple leaf foods, Inc., Quorn Foods (Monde Nissin Corporation), Omni Foods (Green Monday Holdings), Amy's Kitchen, Inc., Kellogg Company (Kellogg NA Co.), Conagra Brands, Inc., The Hain Celestial Group, Inc. (Yves Veggie Cuisine), and VBites Foods Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Source
By Type
- Chicken
- Fish
- Beef
- Pork
- Others
By Product
- Burgers
- Sausages
- Patties
- Grounds
- Nuggets, Tenders & Cutlets
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Beyond Meat, Inc.
- Impossible Foods, Inc.
- Maple leaf foods, Inc.
- Quorn Foods (Monde Nissin Corporation)
- Omni Foods (Green Monday Holdings)
- Amy's Kitchen, Inc.
- Kellogg Company (Kellogg NA Co.)
- Conagra Brands, Inc.
- The Hain Celestial Group, Inc. (Yves Veggie Cuisine)
- VBites Foods Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Plant-based Meat Market, by Source
1.4.2 North America Plant-based Meat Market, by Type
1.4.3 North America Plant-based Meat Market, by Product
1.4.4 North America Plant-based Meat Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Dec – 2021, Oct) Leading Players
Chapter 4. North America Plant-based Meat Market by Source
4.1 North America Soy Market by Country
4.2 North America Wheat Market by Country
4.3 North America Pea Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Plant-based Meat Market by Type
5.1 North America Chicken Market by Country
5.2 North America Fish Market by Country
5.3 North America Beef Market by Country
5.4 North America Pork Market by Country
5.5 North America Other Type Market by Country
Chapter 6. North America Plant-based Meat Market by Product
6.1 North America Burgers Market by Country
6.2 North America Sausages Market by Country
6.3 North America Patties Market by Country
6.4 North America Grounds Market by Country
6.5 North America Nuggets, Tenders & Cutlets Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Plant-based Meat Market by Country
7.1 US Plant-based Meat Market
7.1.1 US Plant-based Meat Market by Source
7.1.2 US Plant-based Meat Market by Type
7.1.3 US Plant-based Meat Market by Product
7.2 Canada Plant-based Meat Market
7.2.1 Canada Plant-based Meat Market by Source
7.2.2 Canada Plant-based Meat Market by Type
7.2.3 Canada Plant-based Meat Market by Product
7.3 Mexico Plant-based Meat Market
7.3.1 Mexico Plant-based Meat Market by Source
7.3.2 Mexico Plant-based Meat Market by Type
7.3.3 Mexico Plant-based Meat Market by Product
7.4 Rest of North America Plant-based Meat Market
7.4.1 Rest of North America Plant-based Meat Market by Source
7.4.2 Rest of North America Plant-based Meat Market by Type
7.4.3 Rest of North America Plant-based Meat Market by Product
Chapter 8. Company Profiles
8.1 Beyond Meat, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Research & Development Expenses
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations & Agreements:
8.1.4.2 Acquisitions and Mergers:
8.1.4.3 Product Launches and Product Expansions:
8.1.4.4 Geographical Expansions:
8.2 Impossible Foods, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.2.2.2 Geographical Expansions:
8.3 Maple Leaf Foods, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Product Launches and Product Expansions:
8.3.4.2 Acquisitions and Mergers:
8.4 Quorn Foods (Monde Nissin Corporation)
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.5 Omni Foods (Green Monday Holdings)
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Amy's Kitchen, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Kellogg Company (Kellogg NA Co.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations & Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.8 Conagra Brands, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research& Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations & Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.9 The Hain Celestial Group, Inc. (Yves Veggie Cuisine)
8.9.1 Company overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.10. VBites Foods Ltd.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Plant-based Meat Market, 2017 - 2020, USD Million
TABLE 2 North America Plant-based Meat Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Plant-based meat market
TABLE 4 Product Launches And Product Expansions– Plant-based meat market
TABLE 5 Acquisition and Mergers– Plant-based meat market
TABLE 6 Geographical expansions– Plant-based meat market
TABLE 7 North America Plant-based Meat Market by Source, 2017 - 2020, USD Million
TABLE 8 North America Plant-based Meat Market by Source, 2021 - 2027, USD Million
TABLE 9 North America Soy Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Soy Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Wheat Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Wheat Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Pea Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Pea Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Plant-based Meat Market by Type, 2017 - 2020, USD Million
TABLE 18 North America Plant-based Meat Market by Type, 2021 - 2027, USD Million
TABLE 19 North America Chicken Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Chicken Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Fish Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Fish Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Beef Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Beef Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Pork Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Pork Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Other Type Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Other Type Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Plant-based Meat Market by Product, 2017 - 2020, USD Million
TABLE 30 North America Plant-based Meat Market by Product, 2021 - 2027, USD Million
TABLE 31 North America Burgers Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Burgers Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Sausages Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Sausages Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Patties Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Patties Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Grounds Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Grounds Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Nuggets, Tenders & Cutlets Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Nuggets, Tenders & Cutlets Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Plant-based Meat Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Plant-based Meat Market by Country, 2021 - 2027, USD Million
TABLE 45 US Plant-based Meat Market, 2017 - 2020, USD Million
TABLE 46 US Plant-based Meat Market, 2021 - 2027, USD Million
TABLE 47 US Plant-based Meat Market by Source, 2017 - 2020, USD Million
TABLE 48 US Plant-based Meat Market by Source, 2021 - 2027, USD Million
TABLE 49 US Plant-based Meat Market by Type, 2017 - 2020, USD Million
TABLE 50 US Plant-based Meat Market by Type, 2021 - 2027, USD Million
TABLE 51 US Plant-based Meat Market by Product, 2017 - 2020, USD Million
TABLE 52 US Plant-based Meat Market by Product, 2021 - 2027, USD Million
TABLE 53 Canada Plant-based Meat Market, 2017 - 2020, USD Million
TABLE 54 Canada Plant-based Meat Market, 2021 - 2027, USD Million
TABLE 55 Canada Plant-based Meat Market by Source, 2017 - 2020, USD Million
TABLE 56 Canada Plant-based Meat Market by Source, 2021 - 2027, USD Million
TABLE 57 Canada Plant-based Meat Market by Type, 2017 - 2020, USD Million
TABLE 58 Canada Plant-based Meat Market by Type, 2021 - 2027, USD Million
TABLE 59 Canada Plant-based Meat Market by Product, 2017 - 2020, USD Million
TABLE 60 Canada Plant-based Meat Market by Product, 2021 - 2027, USD Million
TABLE 61 Mexico Plant-based Meat Market, 2017 - 2020, USD Million
TABLE 62 Mexico Plant-based Meat Market, 2021 - 2027, USD Million
TABLE 63 Mexico Plant-based Meat Market by Source, 2017 - 2020, USD Million
TABLE 64 Mexico Plant-based Meat Market by Source, 2021 - 2027, USD Million
TABLE 65 Mexico Plant-based Meat Market by Type, 2017 - 2020, USD Million
TABLE 66 Mexico Plant-based Meat Market by Type, 2021 - 2027, USD Million
TABLE 67 Mexico Plant-based Meat Market by Product, 2017 - 2020, USD Million
TABLE 68 Mexico Plant-based Meat Market by Product, 2021 - 2027, USD Million
TABLE 69 Rest of North America Plant-based Meat Market, 2017 - 2020, USD Million
TABLE 70 Rest of North America Plant-based Meat Market, 2021 - 2027, USD Million
TABLE 71 Rest of North America Plant-based Meat Market by Source, 2017 - 2020, USD Million
TABLE 72 Rest of North America Plant-based Meat Market by Source, 2021 - 2027, USD Million
TABLE 73 Rest of North America Plant-based Meat Market by Type, 2017 - 2020, USD Million
TABLE 74 Rest of North America Plant-based Meat Market by Type, 2021 - 2027, USD Million
TABLE 75 Rest of North America Plant-based Meat Market by Product, 2017 - 2020, USD Million
TABLE 76 Rest of North America Plant-based Meat Market by Product, 2021 - 2027, USD Million
TABLE 77 Key Information – Beyond Meat, Inc.
TABLE 78 Key Information – IMpossible Foods, Inc.
TABLE 79 Key Information – Maple leaf foods, inc.
TABLE 80 Key Information – Quorn Foods
TABLE 81 Key information – Omni Foods
TABLE 82 Key information – Amy's Kitchen, Inc.
TABLE 83 Key information –Kellogg Company
TABLE 84 Key Information – Conagra Brands, Inc.
TABLE 85 Key Information – The Hain Celestial Group, Inc.
TABLE 86 Key Information – VBites Foods Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, dec – 2021, oct) Leading Players
FIG 5 Recent strategies and developments: Beyond Meat, Inc.
FIG 6 Recent strategies and developments: Impossible Foods, Inc.
FIG 7 Recent strategies and developments: Kellogg Company
FIG 8 Recent strategies and developments: Conagra Brands, Inc.