Global Plant-based and Cultured Meat Market Growth 2024-2030
According to our ReportPrime latest study, the global Plant-based and Cultured Meat market size was valued at US$ 183.9 million in 2023. With growing demand in downstream market, the Plant-based and Cultured Meat is forecast to a readjusted size of US$ 822.5 million by 2030 with a CAGR of 23.9% during review period.
The research report highlights the growth potential of the global Plant-based and Cultured Meat market. Plant-based and Cultured Meat are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Plant-based and Cultured Meat. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Plant-based and Cultured Meat market.
Plant-based meat, also known as meat alternatives or vegan meat, refers to food products that mimic the taste, texture, and appearance of traditional animal-based meats but are made entirely from plant-based ingredients. These meat substitutes are typically created using ingredients such as soy protein, wheat gluten, peas, or other sources of vegetable protein. Plant-based meat products are designed to provide a similar sensory experience and nutritional profile to animal-based meats but are produced without the use of any animal ingredients.
Key Features:
- The report on Plant-based and Cultured Meat market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth:
- The research report provide an overview of the current size and growth of the Plant-based and Cultured Meat market. It may include historical data, market segmentation by Type (e.g., Soy Protein Type, Peanut Protein Type), and regional breakdowns.
Market Drivers and Challenges:
- The report can identify and analyse the factors driving the growth of the Plant-based and Cultured Meat market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences.
- It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape:
- The research report provides analysis of the competitive landscape within the Plant-based and Cultured Meat market. It includes profiles of key players, their market share, strategies, and product offerings.
- The report can also highlight emerging players and their potential impact on the market.
Technological Developments:
- The research report can delve into the latest technological developments in the Plant-based and Cultured Meat industry. This include advancements in Plant-based and Cultured Meat technology, new entrants, new investment, and other innovations that are shaping the future of Plant-based and Cultured Meat.
Downstream Procumbent Preference:
- The report can shed light on customer procumbent behaviour and adoption trends in the Plant-based and Cultured Meat market. It includes factors influencing customer purchasing decisions, preferences for Plant-based and Cultured Meat product.
Government Policies and Incentives:
- The research report analyse the impact of government policies and incentives on the Plant-based and Cultured Meat market.
- This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Plant-based and Cultured Meat market.
Environmental Impact and Sustainability:
- The research report assess the environmental impact and sustainability aspects of the Plant-based and Cultured Meat market.
Market Forecasts and Future Outlook:
- Based on the analysis conducted, the research report provide market forecasts and outlook for the Plant-based and Cultured Meat industry.
- This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities:
- The report conclude with recommendations for industry stakeholders, policymakers, and investors.
- It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Plant-based and Cultured Meat market.
Market Segmentation:
Plant-based and Cultured Meat market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Soy Protein Type
- Peanut Protein Type
- Others
Segmentation by application
- Human Food
- Feed Additive
- Others
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Kellogg
- Hormel
- Smithfield Foods (WH Group)
- Beyond Meat
- Impossible Foods
- Cargill
- Maple Leaf Foods
- The Very Good Food
- Right Treat
- JUST
- Turtle Island Foods
- Plantible Foods
- Rebellyous Foods
- Livekindly
- InnovoPro
- Tyson
- Shuang Ta Food
- Hai Xin Food
- Aleph Farms
- Avant Meats Company Limited
- Biftek INC
- Mosa Meat
- BlueNalu, Inc.
- BioFood Systems Ltd
- WildType
- New Age Eats
- Shiok Meats Pte Ltd
- SuperMeat
- Meatable
- Finless Foods, Inc
Key Questions Addressed in this Report
- What is the 10-year outlook for the global Plant-based and Cultured Meat market?
- What factors are driving Plant-based and Cultured Meat market growth, globally and by region?
- Which technologies are poised for the fastest growth by market and region?
- How do Plant-based and Cultured Meat market opportunities vary by end market size?
- How does Plant-based and Cultured Meat break out type, application?
Frequently Asked Questions
- Global Market Players
- Geopolitical regions
- Consumer Insights
- Technological advancement
- Historic and Future Analysis of the Market