Meticulous Research® Releases Comprehensive Report on the Global Vegan Meat Market
|
Meticulous Research®, a leading global market research company, has
published an in-depth research report titled “Vegan
Meat Market Size, Share, Forecast, & Trends Analysis by Product
(Burger Patties, Meatballs, Sausages), Source (Soy), Meat Type (Chicken, Beef,
Fish), Storage Category (Frozen), Distribution Channel (B2B, B2C {Modern
Groceries}) - Global Forecast to 2031.”
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5945
According
to the latest publication by Meticulous Research®, the global vegan meat
market is set to reach $25.51 billion by 2031, growing at a robust CAGR of
13.8% from 2024 to 2031. This remarkable growth is driven by the rising vegan
population, increased consumer preference for plant-based diets, and
heightened concerns over animal welfare. Despite the high cost of vegan foods
and persistent preference for animal-based products among some consumers, the
market shows strong potential for expansion.
Market
Growth Drivers and Opportunities
The vegan
meat market is experiencing substantial growth fueled by several key factors:
- Increasing Vegan
Population: More consumers are adopting vegan
lifestyles, boosting demand for plant-based meat alternatives.
- Rising Preference for
Plant-Based Diets: Health-conscious
consumers are increasingly opting for plant-based diets, recognizing
their health benefits.
- Animal Welfare
Concerns: Growing awareness and concern for animal
welfare are driving the shift towards vegan meat products.
Moreover,
emerging economies are witnessing a rise in the adoption of vegan food,
coupled with continuous product innovations, creating significant market
growth opportunities. The increasing demand for sustainable food options and a
greater focus on health and wellness are also notable trends shaping the vegan
meat market.
Key
Market Segments and Trends
- Product Types:
- Burger
Patties: Expected to dominate the market with a
35.0% share in 2024, driven by the popularity of vegan burger patties
mimicking traditional meat's taste, texture, and aroma.
- Strips
& Nuggets, Meatballs, Sausages, Ground Meat, and Others:
These segments continue to grow, catering to diverse consumer
preferences.
- Sources:
- Pea
Protein: Projected to register the highest CAGR
during the forecast period, attributed to its high protein content and
allergen-free, gluten-free, and lactose-free properties.
- Meat Types:
- Chicken
Alternatives: Expected to hold the largest market share
of 34.3% in 2024, due to widespread consumer acceptance and advancements
in plant-based food technology.
- Storage Categories:
- Frozen
Vegan Meat: Anticipated to lead the market, thanks to
its longer shelf life and the growing demand for convenience foods.
- Distribution
Channels:
- B2C
Segment: Projected to experience higher growth,
driven by increased online sales and growing awareness of vegan meat
products in developing countries.
- Geographies:
- Asia-Pacific:
Expected to account for the largest market share of 43.0% in 2024,
followed by North America, Europe, Latin America, and the Middle East
& Africa. This growth is driven by rising disposable incomes,
urbanization, and government initiatives promoting the food industry.
Leading
Market Players
Prominent
companies in the vegan meat market include Beyond Meat Inc. (U.S.), Impossible
Foods Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Unilever Plc (U.K.),
Maple Leaf Foods Inc. (U.S.), Nestlé S.A. (Switzerland), Conagra Brands, Inc.
(U.S.), Kellanova (U.S.), Marlow Foods Limited (U.K.), VBites Food Ltd (U.K.),
The Tofurky Company (U.S.), The Kraft Heinz Company (U.S.), and No Evil Foods,
Inc. (U.S.).
Quick Buy
@ https://www.meticulousresearch.com/Checkout/84969908
About Meticulous Research®
Meticulous Research® was founded in 2010
and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market intelligence in
North America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa.
The name of our company defines our
services, strengths, and values. Since the inception, we have only thrived to
research, analyze, and present the critical market data with great attention
to details. With the meticulous primary and secondary research techniques, we
have built strong capabilities in data collection, interpretation, and
analysis of data including qualitative and quantitative research with the
finest team of analysts. We design our meticulously analyzed intelligent and
value-driven syndicate market research reports, custom studies, quick
turnaround research, and consulting solutions to address business challenges
of sustainable growth.
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments
Post a Comment