The North America plant-based meat products market is expected to grow from US$ 1,759.28 million in 2021 to US$ 4,983.13 million by 2028; it is estimated to grow at a CAGR of 16.0% from 2021 to 2028.
Over the past few years, awareness regarding environmental sustainability among people has increased significantly. Climate change has affected the earth's natural ecosystems and poses a significant threat to the present and future generations' well-being. Population growth and urbanization in North America are among the primary causes of natural resource depletion, including water, fossil fuels, and land, contributing to global warming. People are heavily reliant on animal sources to meet their nutritional requirements. This factor exerts high pressure on the livestock industry. The livestock industry is one of the key contributors to anthropogenic greenhouse gas emissions. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the worldwide livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of all human-caused greenhouse gas emissions. According to industry experts, livestock production emits more carbon dioxide than the whole transportation industry combined.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
Beyond Meat; Conagra Brands, Inc.; Kellogg’s Company; Tofurky; Field Roast; Before the butcher; VBites Foods Ltd; Hilary’s - Drink Eat Well, LLC; Quorn; and Impossible Foods Inc. by Altair are among the leading companies in the North America plant-based meat products market.
Over the past few years, awareness regarding environmental sustainability among people has increased significantly. Climate change has affected the earth's natural ecosystems and poses a significant threat to the present and future generations' well-being. Population growth and urbanization in North America are among the primary causes of natural resource depletion, including water, fossil fuels, and land, contributing to global warming. People are heavily reliant on animal sources to meet their nutritional requirements. This factor exerts high pressure on the livestock industry. The livestock industry is one of the key contributors to anthropogenic greenhouse gas emissions. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the worldwide livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of all human-caused greenhouse gas emissions. According to industry experts, livestock production emits more carbon dioxide than the whole transportation industry combined.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
North America Plant-based Meat Products Market Segmentation
The North America plant-based meat products market is segmented on the basis of type, category, distribution channel, and country. Based on type, the market is segmented into patties, nuggets, meatballs, sausages, and others. The patties segment dominated the market in 2020. Based on category, the North America plant-based meat products market is segmented into frozen, refrigerated, and ambient. The frozen segment dominated the market in 2020. Based on distribution channel, the North America plant-based meat products market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment dominated the market in 2020. Based on country, the North America plant-based meat products market is segmented into the US, Canada, and Mexico. The US dominated the market in 2020.Beyond Meat; Conagra Brands, Inc.; Kellogg’s Company; Tofurky; Field Roast; Before the butcher; VBites Foods Ltd; Hilary’s - Drink Eat Well, LLC; Quorn; and Impossible Foods Inc. by Altair are among the leading companies in the North America plant-based meat products market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. North America Plant Based Meat Products Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. North America Plant Based Meat Products Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Importance of Environment Sustainability
5.1.2 Surging Veganism and Vegetarianism Trends
5.2 Market Restraints
5.2.1 High Product Price
5.3 Future Trends
5.3.1 Product Innovation
5.4 Impact Analysis of Drivers and Restraints
6. Plant Based Meat Products - North America Market Analysis
6.1 Plant Based Meat Products Market Overview
6.2 North America Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Plant Based Meat Products Market Analysis - By Type
7.1 Overview
7.2 North America Plant Based Meat Products Market, By Type (2020 and 2028)
7.3 Patties
7.3.1 Overview
7.3.2 Patties: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Nuggets
7.4.1 Overview
7.4.2 Nuggets: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Meatballs
7.5.1 Overview
7.5.2 Meatballs: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Sausages
7.6.1 Overview
7.6.2 Sausages: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Plant Based Meat Products Market Analysis - By Category
8.1 Overview
8.2 North America Plant Based Meat Products Market, By Category (2020 and 2028)
8.3 Frozen
8.3.1 Overview
8.3.2 Frozen: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Refrigerated
8.4.1 Overview
8.4.2 Refrigerated: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Ambient
8.5.1 Overview
8.5.2 Ambient: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Plant Based Meat Products Market Analysis - By Distribution Channel
9.1 Overview
9.2 North America Plant Based Meat Products Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Plant Based Meat Products Market- Revenue and Forecast to 2028 (US$ Million)
10. North America Plant Based Meat Products Market - Country Analysis
10.1 North America Plant Based Meat Products Market Revenue and Forecasts to 2028
10.1.1 North America Plant Based Meat Products Market Breakdown, by Key Countries
10.1.1.1 US Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.1.1 US Plant Based Meat Products Market Breakdown by Type
10.1.1.1.2 US Plant Based Meat Products Market Breakdown by Category
10.1.1.1.3 US Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.2 Canada Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.2.1 Canada Plant Based Meat Products Market Breakdown by Type
10.1.1.2.2 Canada Plant Based Meat Products Market Breakdown by Category
10.1.1.2.3 Canada Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.3 Mexico Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.3.1 Mexico Plant Based Meat Products Market Breakdown by Type
10.1.1.3.2 Mexico Plant Based Meat Products Market Breakdown by Category
10.1.1.3.3 Mexico Plant Based Meat Products Market Breakdown by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Beyond Meat
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Conagra Brands, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kellogg's Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Tofurky
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Field Roast
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Before the Butcher
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 VBites Foods Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Hilary's - Drink Eat Well, LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Quorn
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Impossible Foods Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
List of Figures
Figure 1. North America Plant Based Meat Products Market Segmentation
Figure 2. North America Plant Based Meat Products Market Segmentation - By Country
Figure 3. North America Plant Based Meat Products Market Overview
Figure 4. North America Plant Based Meat Products Market: By Type
Figure 5. North America Plant Based Meat Products Market: by Country
Figure 6. North America Porter's Five Forces Analysis
Figure 7. North America Expert Opinion
Figure 8. North America Value Chain: Plant-based Meat Patties
Figure 9. North America Plant-Based Meat Products Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Plant Based Meat Products Market Revenue Share, By Type (2020 and 2028)
Figure 12. North America Patties: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. North America Nuggets: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. North America Meatballs: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. North America Sausages: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Others: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Plant Based Meat Products Market Revenue Share, By Category (2020 and 2028)
Figure 18. North America Frozen: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. North America Refrigerated: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Ambient: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Plant Based Meat Products Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 22. North America Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. North America Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 24. North America Online Retail: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 25. North America Others: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 26. North America Plant Based Meat Products Market, by Key Country - Revenue (2020) (US$ Million)
Figure 27. North America Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 28. US Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 29. Canada Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 30. Mexico Plant Based Meat Products Market Forecasts to 2028 (US$ Million)List of Tables
Table 1. North America Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Plant Based Meat Products Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Plant Based Meat Products Market, by Category- Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. US Plant Based Meat Products Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. US Plant Based Meat Products Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. US Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Plant Based Meat Products Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Plant Based Meat Products Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Plant Based Meat Products Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Plant Based Meat Products Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
Companies Mentioned
- Beyond Meat
- Conagra Brands, Inc.
- Kellogg’s Company
- Tofurky
- Field Roast
- Before the butcher
- VBites Foods Ltd
- Hilary’s - Drink Eat Well, LLC
- Quorn
- Impossible Foods Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 102 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1759.28 Million |
| Forecasted Market Value ( USD | $ 4983.13 Million |
| Compound Annual Growth Rate | 16.0% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
