Plant-based Meat made from plants such as soy. It is especially designed and created to look like, taste like, and cook like conventional meat. Artificial meat can be in the form of a burger patty, nuggets, or even crumbles and sausages and as it grows more popular, these veggie-based alternatives are shaking up the meat industry and everything we thought we knew about veggie burgers.
Products from different manufacturers have different formulas. Different types of protein and different taste. Therefore, the source of plant protein in plant meat is basically a compound formula composed of soy protein, broad bean protein, and chickpea protein etc.
According to the new market research report “Plant-Based Vegetarian Meat - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Plant-Based Vegetarian Meat market size is projected to reach USD 3.24 billion by 2029, at a CAGR of 10.7% during the forecast period.
- Global Plant-Based Vegetarian Meat MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Plant-Based Vegetarian Meat - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Plant-Based Vegetarian Meat Top18Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Plant-Based Vegetarian Meat - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Plant-Based Vegetarian Meat include Beyond Meat, Impossible Foods, Turtle Island Foods, Maple Leaf, Yves Veggie Cuisine, Nestle, Kellogg's, Qishan Foods, Hongchang Food, Sulian Food, etc.
In 2022, the global top five players had a share approximately 68.0% in terms of revenue.
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