Global Automotive Diagnostic Scan Tools Market 2023 | 5% CAGR Projection Through 2023

The plant-based meat market and it is poised to grow by USD 3.17 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Moving Mountains Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc. and Unilever Group. are some of the major market participants. Although the new product launches will offer immense growth opportunities, increasing consumption of animal meat will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

New product launches have been instrumental in driving the growth of the market. However, increasing consumption of animal meat might hamper market growth.

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Plant-based Meat Market 2020-2024: Segmentation

Plant-based Meat Market is segmented as below:

Type

·         Plant-based Beef

·         Plant-based Chicken

·         Plant-based Pork

·         Others

Geographic segmentation

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Plant-based Meat Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our plant-based meat market report covers the following areas:

·         Plant-based Meat Market Size

·         Plant-based Meat Market Trends

·         Plant-based Meat Market Industry Analysis

This study identifies growth of private label brands as one of the prime reasons driving the plant-based meat market growth during the next few years.

Plant-based Meat Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the plant-based meat market, including some of the vendors such as Moving Mountains Foods, The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc. and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the plant-based meat market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.