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Plant-based Meat Market Share

Report ID: GMI3466
Published Date: Nov 2023
Report Format: PDF

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Plant-based Meat Market Share

DuPont, a key player in the global plant-based meat industry, has pursued a range of strategic initiatives to drive growth. The company has invested significantly in R&D, aiming to create innovative plant-based protein ingredients that closely replicate the taste and texture of traditional meat. DuPont has also forged strategic collaborations with food manufacturers and startups in the plant-based sector, broadening its market presence.

Moreover, the company places a strong emphasis on sustainability, promoting eco-friendly practices and ethical sourcing of ingredients, aligning with the values of environmentally conscious consumers. These comprehensive strategies have solidified DuPont's position in the burgeoning plant-based meat market. Other prominent industry players include:

Garden Protein
Pinnacle
Maple Leaf Food
Sweet Earth Food
Beyond Meat
Quorn
Nestle

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of plant-based meat is set to grow at 10.5% CAGR during 2023 to 2032, propelled by the rising health awareness as well as growing environmental concerns among the consumers.

The pea-based meat segment is poised to record over 10.5% CAGR through 2032, owing to the consumer inclination towards vegetarian & vegan diets as well as an increased health consciousness.

North American market size will expand at over 10% CAGR till 2032. Led by the United States and Canada, North America has been a hotbed of innovation in plant-based meat development, favored by the region's health-conscious and eco-friendly consumer base.

DuPont, Garden Protein, Pinnacle, Maple Leaf Food, Sweet Earth Food, Beyond Meat, Quorn, and Nestle are the key market players.