Asia Pacific Plant-based Meat Market By Source (Soy, Wheat, Pea, and Others), By Type (Chicken, Fish, Beef, Pork, and Others), By Product (Burgers, Sausages, Patties, Grounds, Nuggets, Tenders & Cutlets, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

Market Report Description

The Asia Pacific Plant-based Meat Market would witness market growth of 19.7% CAGR during the forecast period (2021-2027).

Plant-based meat is made to provide a similar sensory experience and offer numerous nutritional values just like red meat to the consumers. In addition, manufacturers of plant-based meats promote these products on the basis of environmental and human health benefits, which motivate many consumers to replace meat with plant-based meat.

The high nutritive raw material like soy, which contains a rich amount of essential nutrients for human growth is used in the making of plant-based meat products. Soy can improve the water absorption, emulsification, solubility, anti-oxidation, viscosity, and texture of the final product, which is estimated to surge the demand for soy in plant-based meat products during the forecast period.

Many organizations and NGOs like PETA are campaigning to create more awareness among people about cruelty faced by animals during the processing of various meat products. For instance, PETA India, in April 2021 urged KFC, Burger King and McDonald’s to introduce vegan food items in their menu in order to promote animal cruelty free products.

The China market dominated the Asia Pacific Patties Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $134.6 million by 2027. The Japan market is experiencing a CAGR of 22% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 22% during (2021 - 2027).

Based on Source, the market is segmented into Soy, Wheat, Pea, and Others. Based on Type, the market is segmented into Chicken, Fish, Beef, Pork, and Others. Based on Product, the market is segmented into Burgers, Sausages, Patties, Grounds, Nuggets, Tenders & Cutlets, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Plant-based Meat Market is Projected to reach USD 12.32 billion by 2027, at a CAGR of 18.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beyond Meat, Inc., Impossible Foods, Inc., Maple leaf foods, Inc., Quorn Foods (Monde Nissin Corporation), Omni Foods (Green Monday Holdings), Amy's Kitchen, Inc., Kellogg Company (Kellogg NA Co.), Conagra Brands, Inc., The Hain Celestial Group, Inc. (Yves Veggie Cuisine), and VBites Foods Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Source

• Soy
• Wheat
• Pea
• Others

By Type

• Chicken
• Fish
• Beef
• Pork
• Others

By Product

• Burgers
• Sausages
• Patties
• Grounds
• Nuggets, Tenders & Cutlets
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Beyond Meat, Inc.
• Impossible Foods, Inc.
• Maple leaf foods, Inc.
• Quorn Foods (Monde Nissin Corporation)
• Omni Foods (Green Monday Holdings)
• Amy's Kitchen, Inc.
• Kellogg Company (Kellogg NA Co.)
• Conagra Brands, Inc.
• The Hain Celestial Group, Inc. (Yves Veggie Cuisine)
• VBites Foods Ltd.