Plant Based Meat Products Market Size Report | Growth Overview 2028
[Research Report] The Plant Based Meat Products market is projected to reach US$ 14,527.55 million by 2028 from US$ 5,354.72 million in 2021; it is expected to grow at a CAGR of 15.3% from 2021 to 2028.
Market Insights and Analyst View:
Plant-based meat products are made using plant proteins such as soy protein, pea protein, and wheat protein. Soy protein is widely used to make plant based meat products as it is affordable than other plant proteins and it provides ideal texture to the products which is similar to conventional animal meat products. Patties, nuggets, sausages, and meatballs are some of the common plant based meat products available in the market. Consumers are highly inclined toward plant based or vegan-friendly products owing to increased health concerns and rising awareness regarding animal welfare. The rising health-consciousness among people owing to increasing prevalence of obesity, diabetes, and other diseases is compelling people to change their dietary habits. People generally perceive plant based products to be healthier than the conventional animal-based products. This factor is significantly driving the growth of plant based meat products market
Growth Drivers and Challenges:
Plant-based meat products are lower in saturated fat and calories than conventional meat products, making them a healthier choice. This factor is driving the growth of the plant based meat products market. The rise of the veganism trend is also attributed to increasing empathy toward animals. The rising awareness regarding the ill-treatment of animals in slaughterhouses and factories has raised concerns about animal protection among consumers. This factor is also expected to boost the consumption of plant based food, driving the plant based meat products market. However, its high price is limiting its uptake among price-sensitive consumers. At leading supermarket chains, such as Kroger and Walmart, two plant based hamburger patties from Beyond Meat can be purchased for around US$ 5.99. On the other hand, 2 pounds of ground beef is available for approximately the same price, which could produce 10 times more hamburger patties. Thus, after comparing the prices, consumers generally end up buying conventional meat instead of plant based meat, which is an obstruction in the plant based meat products market growth. Manufacturers are focusing to achieve economies of scale to reduce the overall cost required for manufacturing plant based meat products. Such initiative may help the manufacturers to acquire new customers even in the price sensitive markets.
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Plant Based Meat Products Market: Strategic Insights
Market Size Value in US$ 5,354.72 million in 2021 Market Size Value by US$ 14,527.55 million by 2028 Growth rate CAGR of 15.3% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Plant Based Meat Products Market: Strategic Insights
| Market Size Value in | US$ 5,354.72 million in 2021 |
| Market Size Value by | US$ 14,527.55 million by 2028 |
| Growth rate | CAGR of 15.3% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Report Segmentation and Scope:
The “Global Plant Based Meat Products Market” is segmented based on type, category, distribution channel, and geography. Based on type, the plant based meat products market is segmented into patties, nuggets, meatballs, sausages, and others. Based on category, the plant based meat products market is segmented into frozen, refrigerated, and ambient. Based on distribution channel, the plant based meat products market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The plant based meat products market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on type, the plant based meat products market is segmented into patties, nuggets, meatballs, sausages, and others. In 2021, the patties segment held the largest share in the plant based meat products market.
Based on distribution channel, the plant based meat products market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest market share in 2021 and the online retail segment is expected to register the highest CAGR over the forecast period. Online retail is one of the fastest-growing distribution channels owing to its convenience in terms of shopping and product delivery. Online retail stores offer a wide variety of products with heavy discounts; also, consumers can conveniently buy desirable products remotely. Home delivery service attracts a large group of customers to shop through an e-commerce platform. E-commerce websites offer detailed product information, along with user reviews, which help buyers compare products and make informed decisions. These factors are significantly driving the segment’s growth over the upcoming years.
Regional Analysis:
Based on geography, the plant based meat products market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global plant based meat products market size for Europe accounted for US$ 2,060.30 Million in 2021. North America is a second major contributor holding more than 30% share in the global market. Asia Pacific is also one of the key markets for plant based meat products growing at a CAGR of ~ 15%. Consumers are highly inclined toward plant based products owing to the rising awareness regarding animal welfare. The benefits of cholesterol-free proteinaceous food, with a meat-like texture, promote the plant based meat products market growth in Europe. Further, with rising consumers’ inclination toward plant based meat products, manufacturers are adopting growth strategies such as product development and expansion to meet elevating demands of consumers. For instance, Plant & Bean opened a plant based meat factory in Boston and Lincolnshire (UK) in December 2020 to serve the European market. This factory has the original capacity of producing 55,000 tons of plant based meat per year.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the plant based meat products market are listed below:
- In December 2022, United Supermarket Holdings, Inc. launched "BEYOND BEEF," a plant based meat alternative created by Beyond Meat, Inc. BEYOND BEEF is a minced beef-like plant-based alternative to conventional minced beef which can be used as an ingredient in a variety of dishes such as burger patties, meatballs, among others.
- In October 2022, Licious, an India-based company, launched plant-based meat brand ‘UnCrave’ which consists of plant based chicken and mutton seekh kebabs under its portfolio.
- In March 2022, Beyond Meat and PepsiCo formed a joint venture under the name “Planet Partnerships LLC” with the launch of Beyond Meat jerky made with 100% plant-based ingredients like peas and mung beans.
Plant Based Meat Products Market Report Scope
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages industry. During the initial phase of the COVID-19 pandemic, severe supply chain disruptions created a shortage of raw materials, leading to an increase in raw material prices. According to the United States Department of Agriculture (USDA), the prices of pea protein which is one of the common ingredients used in plant based meat increased due to disruptions in the supply chain. This resulted in price hikes, negatively impacting the demand for plant based meat products. However, due to a significant shift in consumer dietary preferences, the demand for plant based meat products increased dramatically after the COVID-19 outbreak. The World Health Organization (WHO) published a guideline on food products that should be consumed during the COVID-19 pandemic. The guideline suggested limiting red meat consumption due to its high percentage of saturated fat. Moreover, people focused on reducing their overall meat consumption shifted to vegetarian and vegan diets to improve immunity. These factors had a positive impact on the plant based meat products market growth.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global plant based meat products market include Beyond Meat; Conagra Brands, Inc.; Impossible Foods Inc.; Quorn Foods, Inc.; Kellogg Company; Hilary’s Eat Well; Vbites Foods, Ltd.; Before the Butcher; Field Roast; and Tofurky; among others. These companies are highly involved in product innovation and new product development to enhance their expertise and expand their product portfolio. Moreover, these companies are also partnering with other players in the industry to cater to a wider customer base. Such initiatives are expected to provide strong growth potential to the key industry players operating in the plant based meat products market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Category, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Europe accounted for the largest share of the global plant-based meat products market. Europe has emerged as a significant plant-based meat products market due to considerable demand for animal-meat alternatives from consumers owing to increasing health consciousness and the rising veganism trend.
The growing importance of environmental sustainability is expected to significantly drive the development of the plant-based meat products market over the forecast period. Also, the growth of the veganism trend is also attributed to growing affiliation with animals. Animals are ill-treated in slaughterhouses and factor which is raising concerns related to animal protection among consumers. This factor is also expected to boost the consumption of plant-based food. Thus, rising veganism and vegetarianism trends are projected to significantly drive the growth of the plant-based meat products market over the forecast period.
The major players operating in the global plant-based meat products market are Beyond Meat; Conagra Brands, Inc.; Kellogg’s Company; Tofurky; Field Roast; Before the Butcher; VBites Foods Inc.; Hilary’s – Drink Eat Well, LLC.; Quorn; and Impossible Foods Inc.
Plant-based meat is experiencing strong demand in emerging regions like the Asia Pacific and the Middle East & Africa. Rising demand for low or no meat diets owing to shifting consumer priorities towards sustainability and wellness is driving the plant-based meat industry across the Asia Pacific. On the other hand, plant-based meat is also gaining huge traction across the Middle East & Africa as consumers in the region are reducing their meat consumption in an attempt to lead a sustainable and healthy life. Thus, the surging demand for plant-based meat in emerging regions will provide a strong market potential over the forecast period.
The market scope for global plant-based meat products takes into consideration the retail sale of plant-based meat products and not the foodservice consumption.
Based on distribution channel, the supermarkets and hypermarkets segment accounted for the largest revenue share as the increasing urbanization, rising working-class population, and competitive pricing are boosting the popularity of supermarkets and hypermarkets in developed and developing regions. Moreover, manufacturers of plant-based meat products usually prefer to sell their products through supermarkets and hypermarkets owing to a heavy customer base.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Plant Based Meat Products Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. Plant Based Meat Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Importance of Environment Sustainability
5.1.2 Surging Veganism and Vegetarianism Trends
5.2 Market Restraints
5.2.1 High Product Price
5.3 Market Opportunities
5.3.1 Surging Demand in Emerging Regions
5.4 Future Trends
5.4.1 Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. Plant Based Meat Products – Global Market Analysis
6.1 Plant Based Meat Products Market Overview
6.2 Plant Based Meat Products Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Plant Based Meat Products Market Analysis – By Type
7.1 Overview
7.2 Plant Based Meat Products Market, By Type (2020 and 2028)
7.2.1 Patties
7.2.1.1 Overview
7.2.1.2 Patties: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
7.2.2 Nuggets
7.2.2.1 Overview
7.2.2.2 Nuggets: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
7.2.3 Meatballs
7.2.3.1 Overview
7.2.3.2 Meatballs: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
7.2.4 Sausages
7.2.4.1 Overview
7.2.4.2 Sausages: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
7.2.5 Others
7.2.5.1 Overview
7.2.5.2 Others: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Plant Based Meat Products Market Analysis – By Category
8.1 Overview
8.2 Plant Based Meat Products Market, By Category (2020 and 2028)
8.2.1 Frozen
8.2.1.1 Overview
8.2.1.2 Frozen: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
8.2.2 Refrigerated
8.2.2.1 Overview
8.2.2.2 Refrigerated: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
8.2.3 Ambient
8.2.3.1 Overview
8.2.3.2 Ambient: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Plant Based Meat Products Market Analysis – By Distribution Channel
9.1 Overview
9.2 Plant Based Meat Products Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Plant Based Meat Products Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Plant Based Meat Products Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Plant Based Meat Products Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Plant Based Meat Products Market– Revenue and Forecast to 2028 (US$ Million)
10. Plant Based Meat Products Market – Geographic Analysis
10.1 Overview
10.2 North America Plant Based Meat Products Market Revenue and Forecasts to 2028
10.2.1 North America Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.2.2 North America Plant Based Meat Products Market Breakdown by Type
10.2.3 North America Plant Based Meat Products Market Breakdown by Category
10.2.4 North America Plant Based Meat Products Market Breakdown by Distribution Channel
10.2.5 North America Plant Based Meat Products Market Breakdown, by Key Countries
10.2.5.1 US Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.2.5.1.1 US Plant Based Meat Products Market Breakdown by Type
10.2.5.1.2 US Plant Based Meat Products Market Breakdown by Category
10.2.5.1.3 US Plant Based Meat Products Market Breakdown by Distribution Channel
10.2.5.2 Canada Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.2.5.2.1 Canada Plant Based Meat Products Market Breakdown by Type
10.2.5.2.2 Canada Plant Based Meat Products Market Breakdown by Category
10.2.5.2.3 Canada Plant Based Meat Products Market Breakdown by Distribution Channel
10.2.5.3 Mexico Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.2.5.3.1 Mexico Plant Based Meat Products Market Breakdown by Type
10.2.5.3.2 Mexico Plant Based Meat Products Market Breakdown by Category
10.2.5.3.3 Mexico Plant Based Meat Products Market Breakdown by Distribution Channel
10.3 Europe Plant Based Meat Products Market Revenue and Forecasts to 2028
10.3.1 Europe Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.2 Europe Plant Based Meat Products Market Breakdown by Type
10.3.3 Europe Plant Based Meat Products Market Breakdown by Category
10.3.4 Europe Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5 Europe Plant Based Meat Products Market Breakdown, by Key Countries
10.3.5.1 Germany Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.1.1 Germany Plant Based Meat Products Market Breakdown by Type
10.3.5.1.2 Germany Plant Based Meat Products Market Breakdown by Category
10.3.5.1.3 Germany Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5.2 France Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.2.1 France Plant Based Meat Products Market Breakdown by Type
10.3.5.2.2 France Plant Based Meat Products Market Breakdown by Category
10.3.5.2.3 France Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5.3 Italy Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.3.1 Italy Plant Based Meat Products Market Breakdown by Type
10.3.5.3.2 Italy Plant Based Meat Products Market Breakdown by Category
10.3.5.3.3 Italy Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5.4 UK Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.4.1 UK Plant Based Meat Products Market Breakdown by Type
10.3.5.4.2 UK Plant Based Meat Products Market Breakdown by Category
10.3.5.4.3 UK Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5.5 Russia Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.5.1 Russia Plant Based Meat Products Market Breakdown by Type
10.3.5.5.2 Russia Plant Based Meat Products Market Breakdown by Category
10.3.5.5.3 Russia Plant Based Meat Products Market Breakdown by Distribution Channel
10.3.5.6 Rest of Europe Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe Plant Based Meat Products Market Breakdown by Type
10.3.5.6.2 Rest of Europe Plant Based Meat Products Market Breakdown by Category
10.3.5.6.3 Rest of Europe Plant Based Meat Products Market Breakdown by Distribution Channel
10.4 Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028
10.4.1 Asia Pacific Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.2 Asia Pacific Plant Based Meat Products Market Breakdown by Type
10.4.3 Asia Pacific Plant Based Meat Products Market Breakdown by Category
10.4.4 Asia Pacific Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5 Asia Pacific Plant Based Meat Products Market Breakdown, by Key Countries
10.4.5.1 Australia Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.1.1 Australia Plant Based Meat Products Market Breakdown by Type
10.4.5.1.2 Australia Plant Based Meat Products Market Breakdown by Category
10.4.5.1.3 Australia Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5.2 China Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.2.1 China Plant Based Meat Products Market Breakdown by Type
10.4.5.2.2 China Plant Based Meat Products Market Breakdown by Category
10.4.5.2.3 China Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5.3 India Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.3.1 India Plant Based Meat Products Market Breakdown by Type
10.4.5.3.2 India Plant Based Meat Products Market Breakdown by Category
10.4.5.3.3 India Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5.4 Japan Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.4.1 Japan Plant Based Meat Products Market Breakdown by Type
10.4.5.4.2 Japan Plant Based Meat Products Market Breakdown by Category
10.4.5.4.3 Japan Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5.5 South Korea Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.5.1 South Korea Plant Based Meat Products Market Breakdown by Type
10.4.5.5.2 South Korea Plant Based Meat Products Market Breakdown by Category
10.4.5.5.3 South Korea Plant Based Meat Products Market Breakdown by Distribution Channel
10.4.5.6 Rest of Asia Pacific Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Type
10.4.5.6.2 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Category
10.4.5.6.3 Rest of Asia Pacific Plant Based Meat Products Market Breakdown by Distribution Channel
10.5 Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028
10.5.1 Middle East & Africa Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.5.2 Middle East & Africa Plant Based Meat Products Market Breakdown by Type
10.5.3 Middle East & Africa Plant Based Meat Products Market Breakdown by Category
10.5.4 Middle East & Africa Plant Based Meat Products Market Breakdown by Distribution Channel
10.5.5 Middle East & Africa Plant Based Meat Products Market Breakdown, by Key Countries
10.5.5.1 South Africa Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.5.5.1.1 South Africa Plant Based Meat Products Market Breakdown by Type
10.5.5.1.2 South Africa Plant Based Meat Products Market Breakdown by Category
10.5.5.1.3 South Africa Plant Based Meat Products Market Breakdown by Distribution Channel
10.5.5.2 Saudi Arabia Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia Plant Based Meat Products Market Breakdown by Type
10.5.5.2.2 Saudi Arabia Plant Based Meat Products Market Breakdown by Category
10.5.5.2.3 Saudi Arabia Plant Based Meat Products Market Breakdown by Distribution Channel
10.5.5.3 UAE Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.5.5.3.1 UAE Plant Based Meat Products Market Breakdown by Type
10.5.5.3.2 UAE Plant Based Meat Products Market Breakdown by Category
10.5.5.3.3 UAE Plant Based Meat Products Market Breakdown by Distribution Channel
10.5.5.4 Rest of the Middle East & Africa Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.5.5.4.1 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Type
10.5.5.4.2 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Category
10.5.5.4.3 Rest of the Middle East & Africa Plant Based Meat Products Market Breakdown by Distribution Channel
10.6 South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028
10.6.1 South and Central America Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.6.2 South and Central America Plant Based Meat Products Market Breakdown by Type
10.6.3 South and Central America Plant Based Meat Products Market Breakdown by Category
10.6.4 South and Central America Plant Based Meat Products Market Breakdown by Distribution Channel
10.6.5 South and Central America Plant Based Meat Products Market Breakdown, by Key Countries
10.6.5.1 Brazil Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.6.5.1.1 Brazil Plant Based Meat Products Market Breakdown by Type
10.6.5.1.2 Brazil Plant Based Meat Products Market Breakdown by Category
10.6.5.1.3 Brazil Plant Based Meat Products Market Breakdown by Distribution Channel
10.6.5.2 Argentina Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.6.5.2.1 Argentina Plant Based Meat Products Market Breakdown by Type
10.6.5.2.2 Argentina Plant Based Meat Products Market Breakdown by Category
10.6.5.2.3 Argentina Plant Based Meat Products Market Breakdown by Distribution Channel
10.6.5.3 Rest of South and Central America Plant Based Meat Products Market Revenue Forecasts to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America Plant Based Meat Products Market Breakdown by Type
10.6.5.3.2 Rest of South and Central America Plant Based Meat Products Market Breakdown by Category
10.6.5.3.3 Rest of South and Central America Plant Based Meat Products Market Breakdown by Distribution Channel
11. Impact of COVID-19 Pandemic on Global Plant Based Meat Products Market
11.1 Impact of COVID-19 on Plant Based Meat Products Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Beyond Meat
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Conagra Brands, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kellogg's Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Tofurky
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Field Roast
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Before the Butcher
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 VBites Foods Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hilary's - Drink Eat Well, LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Quorn
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Impossible Foods Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Plant Based Meat Products Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Plant Based Meat Products Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Plant Based Meat Products Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. France Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 31. UK Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Plant Based Meat Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Plant Based Meat Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Plant Based Meat Products Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 39. Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 40. Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 41. Australia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 42. Australia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 43. Australia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 44. China Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 45. China Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 46. China Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 47. India Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 48. India Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 49. India Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 50. Japan Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 51. Japan Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 52. Japan Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 53. South Korea Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 54. South Korea Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 55. South Korea Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 56. Rest of Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 57. Rest of Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 58. Rest of Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 59. Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 60. Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 61. Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 62. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 63. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 64. South Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 65. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 66. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 67. Saudi Arabia Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 68. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 69. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 70. UAE Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 71. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 72. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 73. Rest of the Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 74. South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 75. South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 76. South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 77. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 78. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 79. Brazil Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 80. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 81. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 82. Argentina Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 83. Rest of South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 84. Rest of South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 – By Category (US$ Million)
Table 85. Rest of South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2029 – By Distribution Channel (US$ Million)
Table 86. List of Abbreviation
LIST OF FIGURES
Figure 1. Plant Based Meat Products Market Segmentation
Figure 2. Plant Based Meat Products Market Segmentation – By Geography
Figure 3. Global Plant Based Meat Products Market Overview
Figure 4. Plant Based Meat Products Market: By Type
Figure 5. Plant Based Meat Products Market: By Region
Figure 6. Global Plant Based Meat Products Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Value Chain: Plant-based Meat Patties
Figure 10. Registrations for Veganuary Campaign from 2015 to 2021
Figure 11. Global Plant-Based Meat Products Market Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Plant Based Meat Products Market
Figure 13. Global: Plant Based Meat Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Plant Based Meat Products Market Revenue Share, By Type (2020 and 2028)
Figure 15. Patties: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Nuggets: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Meatballs: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Sausages: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Plant Based Meat Products Market Revenue Share, By Category (2020 and 2028)
Figure 21. Frozen: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Refrigerated: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Ambient: Plant Based Meat Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Plant Based Meat Products Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 25. Supermarkets and Hypermarkets: Plant Based Meat Products Market– Revenue and Forecast To 2028 (US$ Million)
Figure 26. Convenience Stores: Plant Based Meat Products Market– Revenue and Forecast To 2028 (US$ Million)
Figure 27. Online Retail: Plant Based Meat Products Market– Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: Plant Based Meat Products Market– Revenue and Forecast To 2028 (US$ Million)
Figure 29. Plant Based Meat Products Market, Global Breakdown by Region, 2020 & 2028 (%)
Figure 30. North America Plant Based Meat Products Market Revenue and Forecasts to 2028 (US$ Million)
Figure 31. North America Plant Based Meat Products Market Breakdown by Type, 2020 & 2028 (%)
Figure 32. North America Plant Based Meat Products Market Breakdown by Category, 2020 & 2028 (%)
Figure 33. North America Plant Based Meat Products Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 34. North America Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 35. US Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 36. Canada Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 37. Mexico Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 38. Europe Plant Based Meat Products Market Revenue and Forecasts to 2028 (US$ Million)
Figure 39. Europe Plant Based Meat Products Market Breakdown by Type, 2020 & 2028 (%)
Figure 40. Europe Plant Based Meat Products Market Breakdown by Category, 2020 & 2028 (%)
Figure 41. Europe Plant Based Meat Products Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 42. Europe Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 43. Germany Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 44. France Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 45. Italy Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 46. UK Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 47. Russia Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 48. Rest of Europe Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 49. Asia Pacific Plant Based Meat Products Market Revenue and Forecasts to 2028 (US$ Million)
Figure 50. Asia Pacific Plant Based Meat Products Market Breakdown by Type, 2020 & 2028 (%)
Figure 51. Asia Pacific Plant Based Meat Products Market Breakdown by Category, 2020 & 2028 (%)
Figure 52. Asia Pacific Plant Based Meat Products Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 53. Asia Pacific Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 54. Australia Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 55. China Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 56. India Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 57. Japan Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 58. South Korea Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 59. Rest of Asia Pacific Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 60. Middle East & Africa Plant Based Meat Products Market Revenue and Forecasts to 2028 (US$ Million)
Figure 61. Middle East & Africa Plant Based Meat Products Market Breakdown by Type, 2020 & 2028 (%)
Figure 62. Middle East & Africa Plant Based Meat Products Market Breakdown by Category, 2020 & 2028 (%)
Figure 63. Middle East & Africa Plant Based Meat Products Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 64. Middle East & Africa Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 65. South Africa Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 66. Saudi Arabia Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 67. UAE Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 68. Rest of the Middle East & Africa Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 69. South and Central America Plant Based Meat Products Market Revenue and Forecasts to 2028 (US$ Million)
Figure 70. South and Central America Plant Based Meat Products Market Breakdown by Type, 2020 & 2028 (%)
Figure 71. South and Central America Plant Based Meat Products Market Breakdown by Category, 2020 & 2028 (%)
Figure 72. South and Central America Plant Based Meat Products Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 73. South and Central America Plant Based Meat Products Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 74. Brazil Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 75. Argentina Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 76. Rest of South and Central America Plant Based Meat Products Market Forecasts to 2028 (US$ Million)
Figure 77. Impact of COVID-19 Pandemic in North America Plant Based Meat Products Market
Figure 78. Impact of COVID-19 Pandemic in Europe Plant Based Meat Products Market
Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Plant Based Meat Products Market
Figure 80. Impact of COVID-19 Pandemic in the Middle East & Africa Plant Based Meat Products Market
Figure 81. Impact of COVID-19 Pandemic in South & Central America Plant Based Meat Products Market
The List of Companies - Plant-Based Meat Products Market
- Beyond Meat
- Conagra Brands, Inc.
- Kellogg’s Company
- Tofurky
- Field Roast
- Before the Butcher
- VBites Foods Inc.
- Hilary’s – Drink Eat Well, LLC.
- Quorn
- Impossible Foods Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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