USD 5.06 billion
Meat Based FPP Market Size, Share, Growth Analysis, By Type(hot dogs and sausages, nuggets, bacon, strips), By Distribution channel(business-to-business (B2B) and business-to-consumer (B2C)), By Source(Pork, Beef & Veal, Chicken), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2362 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
93
|Figures:
81
Meat Based FPP Market Insights
Meat Based FPP Market was valued at USD 5.06 billion in 2019, and it is expected to reach a value of USD 17.50 billion in 2019, at a CAGR of 19.3% over the forecast period (2024-2031).
Ready-to-cook and ready-to-eat meat products are included in the global meat-based FPP industry. One of the factors driving the increased demand is the rising trend of fast-food consumption (further-processed products). It is typically sold as whole carcasses, animal sections, or smaller cuts such as steaks and chops. Some of the meat produced is also used to make foods like hot dogs and sausages, nuggets, bacon strips, meatballs, burger patties, and wings. All of these items are meat-based FPP products. The COVID-19 pandemic also had an impact on its production, supply chains, and prices, resulting in a severe socio economic crisis around the world. Initially, its prices had risen due to a scarcity of raw materials and increased demand from panic buying. However, as a result of lockdown restrictions and consumers' reduced purchasing power, both demand and production decreased significantly.
US Meat Based FPP Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
business-to-business (B2B)
Fastest Growth
business-to-business (B2B)
Growth Rate
19.3% CAGR
Global Meat Based FPP Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Meat Based FPP Market Segmental Analysis
The Global Meat based FPP market is segmented into type, distribution channel, source, and region. By type it is segmented into hot dogs and sausages, nuggets, bacon, strips, meatballs, burger patties, wings, and other meats-based FPP. By distribution channel it is segmented into business-to-business (B2B) and business-to-consumer (B2C) . Based on source, the market is segmented into Pork, Beef & Veal, Chicken. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Meat Based FPP Market Analysis by Type
The market is divided into categories based on type, including hot dogs and sausages, nuggets, bacon, strips, meatballs, burger patties, wings, and other meats-based FPP. The meat-based FPP market is anticipated dominated the hot dog and sausage sector in 2021. The rising demand for hot dogs and sausages as ready-to-eat foods, the busier lifestyles of the working class, the rise of the on-the-go food trend, the rising number of product launches by sausage producers, and the increasing frequency of major sporting events are the main causes of the large market share of this segment. The hot dogs and sausages category is further divided into the mortadella, pepperoni & salami, and other categories. The pepperoni and salami segment is anticipated to hold the highest proportion in 2022.
Meat Based FPP Market Analysis by Distribution Channel
The global meat-based FPP market is divided into business-to-business (B2B) and business-to-consumer (B2C) segments depending on distribution channel . The B2B market is anticipated held the greatest proportion of the worldwide meat-based FPP market in 2021. An increase in demand from hotels, restaurants, food chains, cafes, and the foodservice industry is credited with this segment's significant market share. But during the projected period, the B2C segment is anticipated to have the highest CAGR.
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Meat Based FPP Market Regional Insights
Asia-Pacific held the greatest market share for meat-based FPP in 2021. Additionally, during the projection period, this regional market is anticipated to have the highest CAGR. The significant market expansion in the Asia-Pacific region is primarily attributed to rising consumer awareness of the value of diets high in protein and to the high demand for meat and its products in developing nations like China and India. Rapid urbanisation, rising wages, and shifting consumer lifestyles are further factors driving market expansion in this area, which has led to a rise in the popularity of easy ready-to-cook meat products.
North America dominated the market. Rising consumer awareness of the dangers of consuming tainted meat products and an increase in the usage of meatless meat products are both credited with driving the market growth in this area. As demand for plant-based foods, particularly plant-based, increases, it is projected that consumer perceptions of food sustainability and safety will change even more. The market in Europe is predicted to experience the quickest growth rate over the course of the forecast period due to favourable customer perceptions of vegetarian and vegan meat products as well as the application of strict laws against animal cruelty. Strategic activities by leading manufacturers include product innovation, capacity expansion, and mergers and acquisitions.
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Meat Based FPP Market Dynamics
Meat Based FPP Market Drivers
Increased Eating Consciousness to Boost Market Growth
- The market is anticipated to be driven by rising consumer interest in plant-based diets and increased awareness of animal rights thanks to numerous welfare organisations. As more people adopt a vegetarian diet free of animal-based items, plant-based meat is increasingly a staple of the vegan diet.
- The desire for diets high in protein, the rise in the consumption of ready-to-eat (RTE) and ready-to-cook (RTC) food products, and other factors all contribute to the expansion of the industry.
Meat Based FPP Market Restraints
Sharp Decline of Prices and Alternatives in the Market to Hinder Growth
- Globally, a significant socioeconomic crisis was brought on by the COVID-19 pandemic, which also had an influence on its production, supply chains, and prices. Lockdown limitations and consumers' diminished purchasing power led to a large decline in demand and output of meat-based FPP, which led to lower costs. During the pandemic, the closure of restaurants and hotels reduced consumption of food such as bacon, hot dogs, and sausages.
- The expansion of this industry is anticipated to be constrained by increasing knowledge of the advantages of alternatives and the carcinogenic properties of processed meat.
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Meat Based FPP Market Competitive Landscape
The small number of competitors in the market for plant-based is one of its defining features. Players in the market are concentrating on R&D efforts and portfolio diversification in order to introduce novel and unique alternative products that resemble the flavour and texture of exotic meats, such as lobster and veal. For the distribution of their faux goods, major market participants are distinguished by a strong sales channel with restaurants and retail chains all over the world.
Meat Based FPP Market Top Player's Company Profiles
- Impossible Foods Inc.
- Maple Leaf Foods (Field Roast & Maple Leaf)
- Vegetarian Butcher
- Conagra, Inc. (Gardein Protein International)
- Kellogg NA Co. (MorningStar Farms)
- Quorn
- Tofurky
- Gold&Green Foods Ltd.
- Sunfed
- VBites Foods Limited
- Kraft Foods, Inc.
- Lightlife Foods, Inc
- Trader Joe's
- Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
- Marlow Foods Ltd. (Cauldron)
- Ojah B.V.
- Moving Mountains
- Eat JUST Inc.
- LikeMeat GmbH
- GoodDot
- OmniFoods
- No Evil Foods
- Dr. Praeger's Sensible Foods
Meat Based FPP Market Recent Developments
- On June 30th, 2022 Beyond Meat launched plant-based steak.
- On April 7th, 2022 The Vegetarian Butcher, a leading plant-based meat producer, launched frozen versions of some of its most popular chilled vegan products.
Meat Based FPP Key Market Trends
- The growing global population has resulted in a huge increase in the need for protein as a dietary component. Consuming high-protein food products is becoming more popular, and this trend is predicted to last for the foreseeable future. Consumers are becoming more conscious of how protein supports an active lifestyle. A diet high in protein can lower your risk of developing cardiovascular and diabetic illnesses.
- The rising demand for protein-rich foods, combined with consumers' growing preference for low-fat and high-protein diets, is expected to significantly increase consumption of animal-sourced protein, propelling the meat-based FPP market forward.
Meat Based FPP Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global meat based FPP market analysis, Plant-based is becoming an essential component of a vegan diet, in which people live a vegetarian lifestyle free of animal-based foods. Veganism is becoming more popular for health and ethical reasons, while vegetarian ingredients are becoming more popular to avoid animal cruelty and to consume sustainable food and beverage products. Protein demand has increased due to the world's rapid population growth. Furthermore, there is a growing awareness of the importance of proper nutrition in maintaining a healthy lifestyle. The market is anticipated to have the greatest regional share in Asia-Pacific. The significant market share of this area is mostly attributable to the rising relevance of diets high in protein and the high demand for meat and its products in developing nations like China and India.
| Report Metric | Details |
|---|---|
| Market size value in 2031 | USD 5.06 billion |
| Growth Rate | 19.3% |
| Forecast period | 2024-2031 |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Meat Based FPP Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Meat Based FPP Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Meat Based FPP Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Meat Based FPP Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Meat Based FPP Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Meat Based FPP Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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