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

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.