What is the global market size of Meat Based FPP Market?

Global Meat Based FPP Market was valued at USD 5.06 billion in 2021, and it is expected to reach a value of USD 17.50 billion in 2028, at a CAGR of 19.3% over the forecast period (2022-2028).

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

Q: What is the key market trend for Global Meat Based FPP Market?

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.

Report ID: SQMIG30I2362 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 81

Meat Based FPP Market News

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 Market Report Snapshots

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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).

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. 'Beyond Meat', 'Impossible Foods Inc.', 'Maple Leaf Foods (Field Roast & Maple Leaf)', 'Vegetarian Butcher', 'Conagra, Inc. (Gardein Protein International)', 'Kellogg NA Co. (MorningStar Farms)', 'Quorn', 'Amy's Kitchen, Inc.', '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'

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 growing 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.

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.

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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 News

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