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Blended Meat Market Size

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

Blended Meat Market Size

The global blended meat market size was valued at USD 39.1 billion in 2023 and is projected to expand at over 12.7% CAGR between 2024 and 2032. Blended meat products combine conventional animal meat with plant-based ingredients like mushrooms, soy, or pea protein, aiming to reduce meat consumption while offering a healthier, more sustainable option that maintains the taste and texture of traditional meat. The market for blended meat is growing, driven by increasing consumer demand for healthier diets and environmentally friendly alternatives.

 

According to the U.S. Department of Agriculture (USDA), per capita meat consumption in the United States is projected to decrease from 224.2 pounds in 2020 to 222.7 pounds in 2023, indicating a potential shift towards alternative protein sources like blended meat products. The U.S. Environmental Protection Agency (EPA) reports that agriculture accounted for 11% of total U.S. greenhouse gas emissions in 2020, with livestock-related activities contributing significantly to this figure. Blended meat products could help reduce these emissions by partially replacing animal proteins with plant-based alternatives.
 

This market aligns with the USDA's Dietary Guidelines for Americans 2020-2025, which emphasize the importance of varied protein sources in a healthy diet, presenting innovation opportunities for food service, retail, and processed food industries to offer a wider range of protein options.
 

The blended meat market is experiencing growth due to increasing consumer interest in healthier and more sustainable food options. According to the U.S. Department of Agriculture (USDA), per capita meat consumption in the United States is projected to reach 224.6 pounds in 2023, a slight decrease from previous years, indicating a shift towards alternative protein sources.
 

The U.S. Environmental Protection Agency (EPA) reports that agriculture accounts for 11% of total U.S. greenhouse gas emissions, with livestock contributing significantly. This environmental concern is driving consumers towards blended meat products. Additionally, the National Institutes of Health (NIH) emphasizes the health benefits of reducing saturated fat intake, which blended meat products can help achieve.
 

The blended meat industry faces several significant challenges. Consumer acceptance remains a primary hurdle, as some individuals may be skeptical of hybrid products or perceive them as inferior to traditional meat. Taste and texture replication are crucial factors, and failure to match the experience of pure meat products can limit demand. High production costs associated with sourcing and processing plant-based ingredients can drive up prices, potentially making blended meat less competitive in the market.
 

Furthermore, regulatory and labeling complexities, particularly regarding claims of sustainability and health benefits, pose additional challenges. Lastly, competition from both pure plant-based alternatives and conventional meat products adds pressure to market growth.

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.

Blended Meat Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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