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Blended Meat Market Share

Report ID: GMI11557
Published Date: Sep 2024
Report Format: PDF

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Blended Meat Market Share

Market players in the blended meat industry are implementing various strategies to enhance their competitive position. They are focusing on product innovation, developing unique blends that combine plant-based ingredients with traditional meat to appeal to health-conscious consumers. Companies are forming strategic partnerships between meat producers and plant-based food manufacturers to share resources and expand product offerings.

Effective marketing campaigns emphasize the health and sustainability benefits of blended meat, targeting flexitarian and environmentally conscious consumers. Firms are also investing in consumer education to improve product acceptance and awareness. To enhance market reach and accessibility, companies are expanding distribution channels, including online sales platforms and collaborations with restaurants.

Blended Meat Market Companies

Top companies operating in the blended meat industry include:

Associated British Foods
Beyond Meat
Hormel Foods
Kerry Group
Perdue Farms
Pure Farmland
Smithfield Foods
Sweet Earth, Inc.
Tyson Foods

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of blended meat reached USD 39.1 billion in 2023 and is set to grow at a CAGR of over 12.7% from 2024 to 2032.

The beef blends segment is projected to reach USD 42.2 billion by 2032, growing at a CAGR of over 12.0%, appealing to flexitarian consumers seeking familiar flavors and nutritional enhancements.

The fresh form segment is expected to observe around a 12.4% CAGR through 2032, reaching a market size of USD 38.8 billion, driven by demand for high-quality, minimally processed foods.

The North American market is expected to reach a size of approximately USD 36.5 billion, growing at an 11.9% CAGR from 2024 to 2032, driven by health and sustainability concerns.

Major companies operating in the industry include Associated British Foods, Beyond Meat, Hormel Foods, Kerry Group, Perdue Farms, Pure Farmland, Smithfield Foods, Sweet Earth, Inc., and Tyson Foods.