North America Plant-Based Meat Products Market Forecast to 2028

Report Code : BMIRE00025607 | Region : North America | Industry : Food and Beverages | Published Date : 10/Aug/2022
North America Plant-Based Meat Products Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Patties, Nuggets, Meatballs, Sausages, and Others), Category (Frozen, Refrigerated, and Ambient), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

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.

North America Plant-based Meat Products Market Revenue and Forecast to 2028 (US$ Million)

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.

The List of Companies - North America Plant-Based Meat Products Market

● 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 OF CONTENTS

1. Introduction

1.1 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 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

The List of Companies - North America Plant-Based Meat Products Market

● 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.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America plant based meat products Market.

● 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 North America plant based meat products Market, thereby allowing players across the value chain to develop effective long-term strategies

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

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America plant based meat products Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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