The SAM plant-based meat products market is expected to grow from US$ 103.83 million in 2021 to US$ 249.87 million by 2028; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028
Plant-based meat manufacturers are making significant investments in product innovation to attract many consumers. They offer organic, gluten-free, non-GMO, and allergen-free products that address various consumer requirements. Moreover, some players are also using plant proteins other than soy and pea protein to differentiate their products from their competitors’. The company realized that jackfruit is an underutilized resource and manufactured its products using jackfruit as the main raw material. Such factors offer a competitive edge to the company over its competitors. Leading plant-based meat manufacturers are collaborating and partnering with other players to launch innovative products in the market. For instance, in January 2021, PepsiCo and Beyond Meat formed a joint venture under The PLANeT Partnership, LLC to develop and market innovative products using plant proteins. Companies launched meatless jerky as the first product under the joint venture. Such developments are also expected to boost the plant-based meat products market during the forecast period.
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 SAM plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
Kellogg’s Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the SAM plant-based meat products market.
Plant-based meat manufacturers are making significant investments in product innovation to attract many consumers. They offer organic, gluten-free, non-GMO, and allergen-free products that address various consumer requirements. Moreover, some players are also using plant proteins other than soy and pea protein to differentiate their products from their competitors’. The company realized that jackfruit is an underutilized resource and manufactured its products using jackfruit as the main raw material. Such factors offer a competitive edge to the company over its competitors. Leading plant-based meat manufacturers are collaborating and partnering with other players to launch innovative products in the market. For instance, in January 2021, PepsiCo and Beyond Meat formed a joint venture under The PLANeT Partnership, LLC to develop and market innovative products using plant proteins. Companies launched meatless jerky as the first product under the joint venture. Such developments are also expected to boost the plant-based meat products market during the forecast period.
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 SAM plant-based meat products market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
SAM Plant-based Meat Products Market Segmentation
The SAM plant-based meat products Market is segmented based on by type, category, distribution channel, and country. Based on type, the SAM plant-based meat products Market is divided into patties, nuggets, meatballs, sausages, and others. The patties dominated the SAM plant-based meat products Market in 2020. Based on category, the SAM plant-based meat products Market is categorized into frozen, refrigerated, and ambient. The frozen segment dominated the SAM plant-based meat products Market in 2020. Based on distribution channel, the SAM plant-based meat products Market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment dominated the SAM plant-based meat products Market in 2020. Based on country, the SAM plant-based meat products Market is segmented into Brazil, Argentina, and Rest of SAM. The Brazil segment dominated the SAM plant-based meat products Market in 2020.Kellogg’s Company, Tofurky, VBites Foods Ltd, Quorn, and Impossible Foods Inc. by Altair are among the leading companies in the SAM plant-based meat products market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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. SAM 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. SAM 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 - SAM Market Analysis
6.1 SAM Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
7. SAM Plant Based Meat Products Market Analysis - By Type
7.1 Overview
7.2 SAM 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. SAM Plant Based Meat Products Market Analysis - By Category
8.1 Overview
8.2 SAM 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. SAM Plant Based Meat Products Market Analysis - By Distribution Channel
9.1 Overview
9.2 SAM 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. SAM Plant Based Meat Products Market - Country Analysis
10.1 South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028
10.1.1 SAM Plant Based Meat Products Market Breakdown, by Key Countries
10.1.1.1 Brazil Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.1.1 Brazil Plant Based Meat Products Market Breakdown by Type
10.1.1.1.2 Brazil Plant Based Meat Products Market Breakdown by Category
10.1.1.1.3 Brazil Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.2 Argentina Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.2.1 Argentina Plant Based Meat Products Market Breakdown by Type
10.1.1.2.2 Argentina Plant Based Meat Products Market Breakdown by Category
10.1.1.2.3 Argentina Plant Based Meat Products Market Breakdown by Distribution Channel
10.1.1.3 Rest of SAM Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM Plant Based Meat Products Market Breakdown by Type
10.1.1.3.2 Rest of SAM Plant Based Meat Products Market Breakdown by Category
10.1.1.3.3 Rest of SAM 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 Kellogg's Company
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 Tofurky
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 VBites Foods Ltd
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 Quorn
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 Impossible Foods Inc.
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
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Figures
Figure 1. SAM Plant Based Meat Products Market Segmentation
Figure 2. SAM Plant Based Meat Products Market Segmentation - By Country
Figure 3. SAM Plant Based Meat Products Market Overview
Figure 4. SAM Plant Based Meat Products Market: By Type
Figure 5. SAM Plant Based Meat Products Market: By Country
Figure 6. SAM Porter's Five Forces Analysis
Figure 7. SAM Expert Opinion
Figure 8. SAM Value Chain: Plant-based Meat Patties
Figure 9. SAM Plant-Based Meat Products Market Impact Analysis of Drivers and Restraints
Figure 10. SAM: Plant Based Meat Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Plant Based Meat Products Market Revenue Share, By Type (2020 and 2028)
Figure 12. SAM Patties: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. SAM Nuggets: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. SAM Meatballs: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. SAM Sausages: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. SAM Others: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. SAM Plant Based Meat Products Market Revenue Share, By Category (2020 and 2028)
Figure 18. SAM Frozen: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. SAM Refrigerated: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. SAM Ambient: Plant Based Meat Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. SAM Plant Based Meat Products Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 22. SAM Supermarkets and Hypermarkets: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 23. SAM Convenience Stores: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 24. SAM Online Retail: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 25. SAM Others: Plant Based Meat Products Market- Revenue and Forecast To 2028 (US$ Million)
Figure 26. SAM: Plant Based Meat Products Market, by Key Country - Revenue (2020) (US$ Million)
Figure 27. SAM: Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 28. Brazil Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 29. Argentina Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 30. Rest of SAM Plant Based Meat Products Market Forecasts to 2028 (US$ Million)List of Tables
Table 1. SAM Plant Based Meat Products Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Plant Based Meat Products Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 3. SAM Plant Based Meat Products Market, by Category- Revenue and Forecast to 2028 (US$ Million)
Table 4. SAM Plant Based Meat Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 6. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 7. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 8. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 9. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 10. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Distribution Channel (US$ Million)
Table 11. Rest of SAM Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Type (US$ Million)
Table 12. Rest of SAM Plant Based Meat Products Market Revenue and Forecasts to 2028 - By Category (US$ Million)
Table 13. Rest of SAM Plant Based Meat Products Market Revenue and Forecasts to 2029 - By Distribution Channel (US$ Million)
Table 14. List of Abbreviation
Companies Mentioned
- Kellogg’s Company
- Tofurky
- VBites Foods Ltd
- Quorn
- Impossible Foods Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 101 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 103.83 Million |
| Forecasted Market Value ( USD | $ 249.87 Million |
| Compound Annual Growth Rate | 13.4% |
| No. of Companies Mentioned | 5 |
