Meticulous Research® Releases Comprehensive Report on the Global Vegan Meat Market

Meticulous Research Releases Comprehensive Report on the Global Vegan Meat Market

Vegan Meat Market 2024-2031 Meticulous Research , a leading global market research company, has published an in-depth research report titled Vegan Meat Market Size, Share, Forecast, & Trends Analysis by Product (Burger Patties, Meatballs, Sausages), Source (Soy), Meat Type (Chicken, Beef, Fish), Storage Category (Frozen), Distribution Channel (B2B, B2C {Modern Groceries}) - Global Forecast to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5945 According to the latest publication by Meticulous Research , the global vegan meat market is set to reach $25.51 billion by 2031, growing at a robust CAGR of 13.8% from 2024 to 2031. This remarkable growth is driven by the rising vegan population, increased consumer preference for plant-based diets, and heightened concerns over animal welfare. Despite the high cost of vegan foods and persistent preference for animal-based products among some consumers, the market shows strong potential for expansion. Market Growth Drivers and Opportunities The vegan meat market is experiencing substantial growth fueled by several key factors: Increasing Vegan Population: More consumers are adopting vegan lifestyles, boosting demand for plant-based meat alternatives. Rising Preference for Plant-Based Diets: Health-conscious consumers are increasingly opting for plant-based diets, recognizing their health benefits. Animal Welfare Concerns: Growing awareness and concern for animal welfare are driving the shift towards vegan meat products. Moreover, emerging economies are witnessing a rise in the adoption of vegan food, coupled with continuous product innovations, creating significant market growth opportunities. The increasing demand for sustainable food options and a greater focus on health and wellness are also notable trends shaping the vegan meat market. Key Market Segments and Trends 1.Product Types: oBurger Patties: Expected to dominate the market with a 35.0% share in 2024, driven by the popularity of vegan burger patties mimicking traditional meat's taste, texture, and aroma. oStrips & Nuggets, Meatballs, Sausages, Ground Meat, and Others: These segments continue to grow, catering to diverse consumer preferences. 2.Sources: oPea Protein: Projected to register the highest CAGR during the forecast period, attributed to its high protein content and allergen-free, gluten-free, and lactose-free properties. 3.Meat Types: oChicken Alternatives: Expected to hold the largest market share of 34.3% in 2024, due to widespread consumer acceptance and advancements in plant- based food technology. 4.Storage Categories: Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Vegan Meat Market 2024-2031 oFrozen Vegan Meat: Anticipated to lead the market, thanks to its longer shelf life and the growing demand for convenience foods. 5.Distribution Channels: oB2C Segment: Projected to experience higher growth, driven by increased online sales and growing awareness of vegan meat products in developing countries. 6.Geographies: oAsia-Pacific: Expected to account for the largest market share of 43.0% in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. This growth is driven by rising disposable incomes, urbanization, and government initiatives promoting the food industry. Leading Market Players Prominent companies in the vegan meat market include Beyond Meat Inc. (U.S.), Impossible Foods Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Unilever Plc (U.K.), Maple Leaf Foods Inc. (U.S.), Nestl S.A. (Switzerland), Conagra Brands, Inc. (U.S.), Kellanova (U.S.), Marlow Foods Limited (U.K.), VBites Food Ltd (U.K.), The Tofurky Company (U.S.), The Kraft Heinz Company (U.S.), and No Evil Foods, Inc. (U.S.). Quick Buy @ https://www.meticulousresearch.com/Checkout/84969908 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value- driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

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