Plant-Based Ham Market Forecast to 2028

Report Code : TIPRE00029788 | Region : Global | Industry : Food and Beverages | Published Date : 03/Jan/2023
Plant-Based Ham Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type (Slices and Strips, Rolls, and Roasts) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)

The plant-based ham market size is expected to grow from US$ 494.17 million in 2022 to US$ 1,010.45 million by 2028; it is estimated to grow at a CAGR of 12.7% from 2022 to 2028.

People are rapidly switching to plant-based meat products due to the rising awareness about the adverse effects of meat consumption and livestock industry on the environment. Shifting towards plant-based ham products can help minimize carbon footprints, save water and other natural resources, and reduce the overall environmental impact. These factors are primarily driving the growth of plant-based ham market.

Climate change, which has affected the earth's natural ecosystems, is significantly contributing to global warming. It also poses a significant threat to the well-being of the present and future generations. Global population growth and urbanization are among the primary causes of the depletion of natural resources, including water, fossil fuels, and land. On the other hand, the demand for food is continuously surging with the rising population. People are heavily reliant on animal sources to meet their nutritional requirements, which 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 global livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of the total human-caused greenhouse gas emissions.

Based on product type, the plant-based ham market is segmented into slices and strips, rolls, and roasts. The slices and strips segment held the largest market share in 2021. However, the roasts segment is expected to register the highest CAGR from 2022 to 2028. The sliced form of plant-based ham provides a tender mouthfeel. These slices warm faster due to the large, exposed surface area and release flavors distinctly when used in food preparations. Moreover, due to their wide consumption range, plant-based ham slices and strips are broadly available through various distribution channels. These factors are significantly driving the market growth in the segment.

In terms of region, the plant-based ham market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, Europe held the largest share of the market. However, North America is estimated to register the highest CAGR from 2022 to 2028. Europe has emerged as a significant market for ham slices and strips, rolls, and roasts. According to the “The Smart Protein Project report,” the sales value of plant-based food in Germany grew by 97% from 2018 to 2020, while the sales volume increased by 80%. Moreover, consumers are highly inclined toward plant-based products owing to the rising awareness regarding animal welfare. The shift in preference from animal-based diet to plant-based diet propelled the demand for proteins sourced from plants among consumers in the UK. The popularity of these products is evident through trends in retail chains, and hotels and resorts in the UK.

Hain Celestial Canada ULC; Tofurky Co., Inc.; Lightlife Foods, Inc.; Vbites Foods, Ltd.; Nestle SA; Quorn Foods Ltd.; Meliora Foods Pty Ltd.; Zebra Food Ltd.; Gourmet Evoution, LLC; and Worthington Food Inc. are a few key players operating in the plant-based ham market. These players engage in developing affordable and innovative products to meet the rising customer demands and expand their market share.

The overall plant-based ham market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the plant-based ham market.

The List of Companies - Plant Based Ham Market

• Hain Celestial Canada ULC

• Tofurky Co Inc

• Lightlife Foods Inc

• VBites Foods Ltd

• Nestle SA

• Quorn Foods Ltd

• Meliora Foods Pty Ltd

• Gourmet Evoution LLC

• Worthington Food Inc

• Mantra Food Thailand Co Ltd

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Plant-Based Ham Market, by Product Type

1.3.2 Plant-Based Ham Market, by Distribution Channel

1.3.3 Plant-Based Ham Market, by Geography

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. Plant-Based Ham Market Landscape

4.1 Market Overview

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 Ecosystem Analysis

4.3.1 Major Raw Material

4.3.2 Manufacturing/Processing

4.3.3 Packaging

4.4 Expert Opinion

5. Plant-Based Ham Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Environmental Impact of Livestock Industry and Acceptance of Sustainable Food Habits

5.1.2 Switch to Vegetarianism and Veganism

5.2 Market Restraints

5.2.1 Limited Availability in Emerging Economies

5.3 Market Opportunities

5.3.1 Surging Demand in Developed Economies

5.4 Future Trends

5.4.1 Product Innovation

5.5 Impact Analysis of Drivers and Restraints

6. Plant-Based Ham– Global Market Analysis

6.1 Plant-Based Ham Market Overview

6.2 Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Competitive Positioning – Key Market Players

7. Plant-Based Ham Market Analysis – By Product Type

7.1 Overview

7.2 Plant-Based Ham Market, By Product Type (2021 and 2028)

7.3 Slices and Strips

7.3.1 Overview

7.3.2 Slices and Strips: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Rolls

7.4.1 Overview

7.4.2 Rolls: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 Roasts

7.5.1 Overview

7.5.2 Roasts: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)

8. Plant-Based Ham Market Analysis – By Distribution Channel

8.1 Overview

8.2 Plant-Based Ham Market, By Distribution Channel (2021 and 2028)

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

8.3.2 Supermarkets and Hypermarkets: Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)

8.4 Convenience Stores

8.4.1 Overview

8.4.2 Convenience Stores: Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)

8.5 Online Retail

8.5.1 Overview

8.5.2 Online Retail: Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)

9. Plant-Based Ham Market – Geographic Analysis

9.1 Overview

9.2 North America: Plant-Based Ham Market

9.2.1 North America: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Plant-Based Ham Market, By Product Type

9.2.3 North America: Plant-Based Ham Market, by Distribution Channel

9.2.4 North America: Plant-Based Ham Market, by Key Country

9.2.4.1 US: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Plant-Based Ham Market, By Product Type

9.2.4.1.2 US: Plant-Based Ham Market, by Distribution Channel

9.2.4.2 Canada: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Plant-Based Ham Market, By Product Type

9.2.4.2.2 Canada: Plant-Based Ham Market, by Distribution Channel

9.2.4.3 Mexico: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Plant-Based Ham Market, By Product Type

9.2.4.3.2 Mexico: Plant-Based Ham Market, by Distribution Channel

9.3 Europe: Plant-Based Ham Market

9.3.1 Europe: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Plant-Based Ham Market, By Product Type

9.3.3 Europe: Plant-Based Ham Market, by Distribution Channel

9.3.4 Europe: Plant-Based Ham Market, by Key Country

9.3.4.1 Germany: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Plant-Based Ham Market, By Product Type

9.3.4.1.2 Germany: Plant-Based Ham Market, by Distribution Channel

9.3.4.2 France: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Plant-Based Ham Market, By Product Type

9.3.4.2.2 France: Plant-Based Ham Market, by Distribution Channel

9.3.4.3 Italy: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Plant-Based Ham Market, By Product Type

9.3.4.3.2 Italy: Plant-Based Ham Market, by Distribution Channel

9.3.4.4 UK: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Plant-Based Ham Market, By Product Type

9.3.4.4.2 UK: Plant-Based Ham Market, by Distribution Channel

9.3.4.5 Russia: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Plant-Based Ham Market, By Product Type

9.3.4.5.2 Russia: Plant-Based Ham Market, by Distribution Channel

9.3.4.6 Rest of Europe: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Plant-Based Ham Market, By Product Type

9.3.4.6.2 Rest of Europe: Plant-Based Ham Market, by Distribution Channel

9.4 Asia Pacific: Plant-Based Ham Market

9.4.1 Asia Pacific: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia Pacific: Plant-Based Ham Market, By Product Type

9.4.3 Asia Pacific: Plant-Based Ham Market, by Distribution Channel

9.4.4 Asia Pacific: Plant-Based Ham Market, by Key Country

9.4.4.1 Australia: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Plant-Based Ham Market, By Product Type

9.4.4.1.2 Australia: Plant-Based Ham Market, by Distribution Channel

9.4.4.2 China: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Plant-Based Ham Market, By Product Type

9.4.4.2.2 China: Plant-Based Ham Market, by Distribution Channel

9.4.4.3 Japan: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 Japan: Plant-Based Ham Market, By Product Type

9.4.4.3.2 Japan: Plant-Based Ham Market, by Distribution Channel

9.4.4.4 South Korea: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 South Korea: Plant-Based Ham Market, By Product Type

9.4.4.4.2 South Korea: Plant-Based Ham Market, by Distribution Channel

9.4.4.5 Rest of Asia Pacific: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 Rest of Asia Pacific: Plant-Based Ham Market, By Product Type

9.4.4.5.2 Rest of Asia Pacific: Plant-Based Ham Market, by Distribution Channel

9.5 Middle East & Africa: Plant-Based Ham Market

9.5.1 Middle East & Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East & Africa: Plant-Based Ham Market, By Product Type

9.5.3 Middle East & Africa: Plant-Based Ham Market, by Distribution Channel

9.5.4 Middle East & Africa: Plant-Based Ham Market, by Key Country

9.5.4.1 South Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Plant-Based Ham Market, By Product Type

9.5.4.1.2 South Africa: Plant-Based Ham Market, by Distribution Channel

9.5.4.2 Rest of Middle East and Africa: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Rest of Middle East and Africa: Plant-Based Ham Market, By Product Type

9.5.4.2.2 Rest of Middle East and Africa: Plant-Based Ham Market, by Distribution Channel

9.6 South & Central America: Plant-Based Ham Market

9.6.1 South & Central America: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South & Central America: Plant-Based Ham Market, By Product Type

9.6.3 South & Central America: Plant-Based Ham Market, by Distribution Channel

9.6.4 South & Central America: Plant-Based Ham Market, by Key Country

9.6.4.1 Brazil: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Plant-Based Ham Market, By Product Type

9.6.4.1.2 Brazil: Plant-Based Ham Market, by Distribution Channel

9.6.4.2 Argentina: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Plant-Based Ham Market, By Product Type

9.6.4.2.2 Argentina: Plant-Based Ham Market, by Distribution Channel

9.6.4.3 Rest of South & Central America: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South & Central America: Plant-Based Ham Market, By Product Type

9.6.4.3.2 Rest of South & Central America: Plant-Based Ham Market, by Distribution Channel

10. Impact of COVID-19 Pandemic on Plant-Based Ham Market

10.1 Impact of COVID-19 on Plant-Based Ham Market

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

10.6 South & Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Product launch

11.2 Collaboration

11.3 Partnership

12. Company Profiles

12.1 Hain Celestial Canada ULC

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 Co 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 Lightlife Foods Inc

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 VBites Foods Ltd

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 Nestle SA

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 Quorn Foods Ltd

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 Meliora Foods Pty 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 Gourmet Evolution 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 Worthington Food Inc

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 Mantra Food Thailand Co Ltd

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 Glossary of Terms

LIST OF TABLES.

Table 1. Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Global Plant-Based Ham Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 3. Global Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Plant-Based Ham Market, Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. US Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12. Europe: Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Germany Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 16. France Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. France Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Italy Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 22. Russia Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Russia Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 26. Asia Pacific Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 27. Asia Pacific Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 28. Australia Plant-Based Ham Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 29. Australia Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 30. China Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 31. China Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 32. Japan Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 33. Japan Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 34. South Korea Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. South Korea Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Asia Pacific Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of Asia Pacific Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 38. Middle East & Africa Plant-Based Ham Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 44. South & Central America Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 45. South & Central America Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 46. Brazil Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 47. Brazil Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 48. Argentina Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 49. Argentina Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 50. Rest of South & Central America Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. Rest of South & Central America Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 52. Glossary of Terms, Global Plant-Based Ham Market

The List of Companies - Plant Based Ham Market

• Hain Celestial Canada ULC

• Tofurky Co Inc

• Lightlife Foods Inc

• VBites Foods Ltd

• Nestle SA

• Quorn Foods Ltd

• Meliora Foods Pty Ltd

• Gourmet Evoution LLC

• Worthington Food Inc

• Mantra Food Thailand Co Ltd

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global plant based ham market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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