LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Plant-based Meat Market would witness market growth of 19.3% CAGR during the forecast period (2021-2027).
As veganism is gaining more popularity among consumers around the world, the demand and growth of the plant-based meat market would witness a surge in the coming years. In addition, growing concerns about the cruelty on animals along with the increasing regulations regarding animal welfare and protection are estimated to bolster the growth of the market.
With the increase in demand for new & innovative vegetarian products, companies are heavily investing in product development across chilled, ambient, and frozen segments. This would further offer consumers a wide range of products & brands, and thus, enabling plant-based meat goods to get significant recognition and shelf space.
Animal-based protein can be harmful for human consumption, which is compelling consumers to consume healthier food substitutes and shift from animal-based products to plant-based products. The entrance of various startups across Africa that provide novel alt-protein innovations would support the growth of the regional market in the upcoming years. For example, VeggieVictory pioneered the concept of innovative protein in Nigeria, which makes the company the first-ever plant-based meat brand.
The Brazil market dominated the LAMEA Chicken Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $87 million by 2027. The Argentina market is expected to witness a CAGR of 19% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 17.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Plant-based Meat Market is Predict to reach $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:
- Nuggets, Tenders & Cutlets
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
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Global Plant-based Meat Market Report 2021-2027
North America Plant-based Meat Market Report 2021-2027
Europe Plant-based Meat Market Report 2021-2027