Selbyville, Delaware, Market Study Report LLC has added a new report on U.S. Plant-Based Meat market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of U.S. Plant-Based Meat market in tandem with its competitive terrain.
In terms of product, the market is categorized into meatballs, strips & nuggets, and burger patties. Growing demand for convenient snacks will drive the market growth for strips & nuggets. The strips & nuggets segment will observe a CAGR of 25.6% over the forecast timeframe.
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The U.S. plant-based meat market is anticipated to grow substantially over the forthcoming time period owing to a consumer shift towards healthy lifestyle options due to the prevalence of medical conditions caused by excessive consumption of meat. Plant-based meat is basically meat that is made from plants. These can be in the form of sausages, nuggets, burger patty, or crumbles, and are now considered a popular choice among individuals as a healthier meat alternative.
The U.S. plant-based meat market is bifurcated in terms of source and regional landscape.
In terms of source, the overall U.S. plant-based meat market is classified into soy, pea, wheat, and others. The soy plant-based meat segment is further categorized into product, type, distribution channel, and demographics.
Based on product, the market is classified into ground meat, burger patties, sausage, meatballs, and strips & nuggets. Meat like texture and flavorful nature will boost the product demand for the meatballs segment over the coming years. The segment held a share of over 10% in 2019 and will continue to showcase appreciative growth.
With respect to type, the market is bifurcated into fish, chicken, pork, and beef. Soy based pork substitutes will register gains of more than 26.5% over the forecast time frame.
In terms of distribution channel, the market is segmented into food & drink specialty stores, restaurants, online retail, grocery stores, and convenience stores. Growing demand for convenience and social distancing amidst the COVID-19 pandemic is likely to boost the market growth for online retail segment.
The wheat plant-based meat segment is categorized into product, type, distribution channel, and demographics.
In terms of product, the market is classified into seitan, strips & nuggets, sausage, steaks, ground meat, and burger patties. The wheat-based sausages will register an impressive 26.5% CAGR over the projected time period.
Based on distribution channel, the market is bifurcated into online retail, restaurants, grocery stores, and food & drink specialty stores. Among these, the food & drink specialty stores segment represented over 20% share of the overall U.S. wheat meat market in terms of distribution channel.
The pea plant-based meat segment is segmented into product, type, distribution channel, and demographics.
Based on type, the market is classified into, bacon, fish, beef, and chicken. Increasing demand for sustainable food should drive pea-based fish substitutes market in the U.S.in fact, the segment will witness gains of more than 26.5% over the forecast time period.
With respect to demographics, the market is segmented into gen X, millennials, baby boomers, gen Z, and others. Among these, the baby boomers accounted for a share of over 27.5% in 2019 and will continue to show appreciative growth.
The others segment is also classified into product, type, distribution channel, and demographics. Other plant-based meats are produced from mung beans, jackfruit, rice protein, and starch protein.
Based on type, the market is classified into pork, chicken, and beef. Among these, pork comprised a share of 26.5% in U.S. other plant-based meat market.
With respect to distribution channel, the market is segmented into convenience stores, grocery stores, food & drink specialty stores, restaurants, and online retail. Growing efforts by restaurants to meet rising demand for healthy & vegan food options will drive the industry growth in coming years.
Based on demographics, the market is categorized into millennials, gen Z, gen X, baby boomers, and others. Others demographic segment includes silent generation and greatest generation. This segment will register over 20% gains over the forecast timeframe.
On the geographical front, significant expansion of plant-based meat manufacturers is likely to boost growth in Midwestern U.S.
Some of the Major Highlights of TOC covers:
U.S. Plant-Based Meat Regional Market Analysis
- S. Plant-Based Meat Production by Regions
- Global U.S. Plant-Based Meat Production by Regions
- Global U.S. Plant-Based Meat Revenue by Regions
- S. Plant-Based Meat Consumption by Regions
U.S. Plant-Based Meat Segment Market Analysis (by Type)
- Global U.S. Plant-Based Meat Production by Type
- Global U.S. Plant-Based Meat Revenue by Type
- S. Plant-Based Meat Price by Type
U.S. Plant-Based Meat Segment Market Analysis (by Application)
- Global U.S. Plant-Based Meat Consumption by Application
- Global U.S. Plant-Based Meat Consumption Market Share by Application
U.S. Plant-Based Meat Major Manufacturers Analysis
- S. Plant-Based Meat Production Sites and Area Served
- Product Introduction, Application and Specification
- S. Plant-Based Meat Production, Revenue, Ex-factory Price and Gross Margin
- Main Business and Markets Served
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