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Plant-Based Meat Market Size 2024-2028

The plant-based meat market size is forecast to increase by USD 27.29 billion at a CAGR of 36.92% between 2023 and 2028.

The global plant-based meat market's growth is driven by growing consumer demand for healthier, sustainable food options and advancements in food technology that improve the taste and texture of plant-based alternatives. These shifts reflect broader changes in consumer preferences and industry innovation responding to environmental and health concerns.
This report offers a thorough breakdown of market size, growth forecasts, and key segments like frozen food and refrigerated plant-based products, providing practical insights for business strategy, customer engagement, and operational planning. It highlights the trend of new product launches enhancing variety and appeal, while also addressing challenges such as higher production costs that impact pricing and scalability. For businesses looking to compete in the global plant-based meat market, this report delivers valuable data and analysis to navigate evolving trends and tackle persistent hurdles effectively.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a range of products derived from wheat, chickpeas, soy, corn, rice, oats, and other plant sources, mimicking the taste, texture, and nutritional profile of animal-based foods such as chicken, pork, beef, and seafood. Consumer interest in plant-based diets, driven by factors including health, environmental concerns, and animal rights, has fueled significant market growth. These alternative protein sources offer comparable nutritional benefits, including essential amino acids, water absorption, solubility, and emulsification properties, ensuring they meet the nutritional requirements of the human body. Plant-based meat alternatives exhibit desirable characteristics, such as viscosity, anti-oxidation, and texture, making them increasingly popular choices for individuals following vegan or vegetarian lifestyles.
The market for refrigerated plant-based meat continues to expand, with offerings in chicken, pork, beef, and seafood categories. The market is poised for continued growth, as technology advances and consumer preferences evolve.

How is this Plant-Based Meat Industry segmented and which is the largest segment?

The plant-based meat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.Foodservice SystemFrozenRefrigeratedShelf-stableTypePlant based beefPlant based chickenPlant based porkOthersEnd UserRetail/HouseholdFoodserviceInstitutionalGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaArgentinaBrazilMiddle East and AfricaEgyptKSAOmanUAE

By Foodservice System Insights

The frozen segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products, including plant-based chicken, pork, beef, seafood, and burgers. Consumer interest in plant-based diets, driven by factors such as animal rights, health benefits, and environmental concerns, fuels market growth. Companies like Impossible Foods and Beyond Meat lead innovation in this space, offering products that mimic the taste, texture, and aroma of animal-based foods through technologies like emulsification, solubility, and anti-oxidation. Plant-based meats, made from sources such as soy, wheat, chickpeas, corn, rice, oats, and peas, provide fiber, vitamin C, and iron, while maintaining a long shelf life. Market players are expanding their offerings through refrigerated and frozen products, foodservice channel distribution, and retail sales, including online retailing channels.

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The frozen segment was valued at USD 1.38 billion in 2018 and showed a gradual increase during the forecast period. The plant-based meat market flourishes across product types, sources, and end users. Burger Patties lead, replacing beef in popular meals, while Sausages shine for versatility in breakfasts and grilling. Strips and Nuggets attract younger eaters and fast-food fans, Meatballs rise in plant-based pasta and snacks, and Ground Meat suits home cooks crafting tacos or sauces. Soy-based options dominate with protein-rich, meat-like textures, while Pea-based grows fast for its allergen-free, sustainable appeal. Wheat-based seitan offers a traditional alternative, and Mycoprotein gains fans for nutrition and texture. Retail/Household drives demand as diets shift, Foodservice expands via chains like Burger King, and Institutional users like schools embrace sustainable choices.

Regional Analysis

North America is estimated to contribute 41% to the gro

The size of the South America Meat Alternative Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.45% during the forecast period. The market for meat alternatives in South America, which includes plant-based products that imitate the taste, texture, and look of meat, is growing significantly. Growing consumer knowledge about the health and environmental advantages of plant-based diets, along with ethical worries regarding animal welfare, is propelling this market forward. Beyond Meat and Impossible Foods, key players in the market, are at the forefront with a variety of products and strategic partnerships. The market's attraction is increased by the growing preference for minimalistic labels, beneficial ingredients, and the increasing popularity of vegetarian and vegan diets. Despite facing difficulties like ensuring flavor and consistency, the market remains optimistic due to continuous research and development endeavors. This trajectory underscores the essential role of meat substitutes in contemporary diets and their potential for further market expansion in South America. Recent developments include: September 2022: Verdali, a Brazilian plant-based meat manufacturer, partnered with supermarket behemoth Carrefour to sell its products in a separate vegan butcher department next to the fresh meat counters at one of the store's branches in So Paolo., September 2021: Argentinian plant-based firm Tomorrow Foods raised USD 3 million in a round of funding for its expansion. Following the introduction of its vegan burger, the food technology company claimed that it would utilize the funding to increase its research and development efforts, expand its product line, and enter new markets to establish itself as a major player in Latin America's plant-based sector., January 2021: Beyond Meat teamed up with Pepsico, a well-established player in the food industry. The strategy behind the partnership is to expand the business in the alternative meat sector. Also, this partnership helps the companies gain dominance over other players in the industry. As Brazil holds the most number of vegetarians worldwide, this partnership can help the companies offer new products to the consumers.. Key drivers for this market are: Rising Trend of Ingestible Beauty Products, Growing demand for Nutrient-Enriched Cosmetic Products. Potential restraints include: Availability of Counterfeit Beauty Supplements Products. Notable trends are: Emerging Vegetarian Diet Culture.

The size and share of the market is categorized based on Product (Burger, Sausage, Meatballs, Nuggets, Ground Meat) and Application (Retail, Foodservice, Industrial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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Plant Based Protein Products Market Size 2024-2028

The plant based protein products market size is forecast to increase by USD 15.91 billion at a CAGR of 20.51% between 2023 and 2028.

The plant-based protein market is experiencing significant growth due to several key trends. The expanding global vegan population base is a major driving factor, as more consumers adopt plant-based diets for ethical, environmental, and health reasons. Additionally, increasing health consciousness is leading consumers to seek out protein sources that are free from antibiotics and hormones found in animal products. 
However, challenges persist, including the increasing number of product recalls due to contamination issues and the need for innovation to create sources of protein that closely mimic the taste and texture of animal-derived proteins like egg protein. These trends and challenges are shaping the future of the plant-based protein market.

What will be the Size of the Plant Based Protein Products Market During the Forecast Period?

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The plant-based protein products market is experiencing significant growth, driven by increasing consumer awareness and preference for environmental sustainability and animal welfare. This market encompasses a diverse range of offerings, including tofu, soybeans, pea protein, and legumes, among others. Plant-based alternatives to traditional meat products, such as burgers, sausages, chicken, and fish, are gaining popularity due to their nutritional values, which often surpass those of their animal-derived counterparts. These plant-based options are rich in essential amino acids, fiber, and other nutrients, while typically containing less sodium and catering to food allergies. The ready-to-eat segment is particularly thriving, as health-conscious consumers, vegans, and individuals following a healthy diet or dealing with health issues seek convenient and nutritious meal solutions.
Additionally, fitness enthusiasts and muscle-building properties are fueling demand for plant-based proteins. The market's environmental friendliness and weight control benefits further add to its appeal. The pumpkin seed segment and other emerging plant-based protein sources are poised to expand the market's offerings and cater to diverse consumer preferences.

How is this Plant Based Protein Products Industry segmented and which is the largest segment?

The plant based protein products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Soy protein
  Wheat protein
  Pea protein
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC



  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

Plant-based protein products have gained significant popularity among health-conscious consumers, vegans, and fitness enthusiasts due to their muscle-building properties and nutritional benefits. These products include tofu, legumes, Pea protein, soybeans, wheat, and alternative sources like Duckweeds and Pulse proteins from Aquatic plants. Environmental sustainability and animal welfare are major factors driving the demand for these environmentally friendly proteins. The market comprises various segments, including Plant-based burgers, sausages, meatless chicken, fish alternatives, and ready-to-eat products. Nutritional values, amino acids, and sodium content are essential considerations for consumers with health issues or food allergies, such as soy allergy or wheat gluten intolerance.

The pulse proteins, such as Chickpeas, Lentils, and Beans, are also popular choices. The offline retail segment, including supermarkets, grocery stores, and convenience stores, is a significant distribution channel for plant-based protein products. Consumers can choose from a diverse range of products based on price and quality. The expansion of organized retailing, particularly hypermarkets and supermarkets, is expected to drive the growth of the offline segment due to their global presence and improved product visibility. Other distribution channels include online stores, pharmacies, sports nutrition segments, and functional foods.

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The Offline segment was valued at USD 3.85 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 43% to the growth of the global market during the forecast period.

Technavio's analysts have ela

In 2023, milk alternatives had the highest sales value in the plant-based food market in the United States. In the 52 weeks ending December three that year, sales of milk alternatives were valued at approximately 2.9 billion U.S. dollars. Meat alternatives were valued at 1.2 billion U.S. dollars. Tofu, tempeh, and Seitan were valued at nearly 201 million U.S. dollars. The year-on-year growth rate for plant-based foods in the U.S. can be found here.
Plant-based meat and milk market in the U.S. Almond milk is the top-selling category of milk substitutes in the United States. Sales of soy and coconut milk were low in comparison. The most well-known plant-based milk brands among consumers in the U.S. are Silk and Blue Diamond's Almond Breeze. In the meat substitutes market, the most purchased plant-based meats in the U.S. are beef-style alternative burgers and traditional veggie burgers. Beyond Meat and Amy’s Kitchen are the most popular meat-substitute brands. Decline of the plant-based meat market in the U.S. The plant-based meat market has entered a downward trend. Compared to 2022, the market in 2023, shrank by 19 percent measured in unit sales. Taking the prior year's decline into account, the market shrank by over a quarter.

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Meat Market Size 2024-2028

The meat market size is forecast to increase by USD 537.1 billion at a CAGR of 6.78% between 2023 and 2028.

The market is experiencing significant growth, driven by several key factors. Advancements in technology have led to increased efficiency in livestock farming and processing, resulting in a larger supply of meat products. This trend is particularly prominent in developed markets, where consumers demand high-quality, consistent products. Another significant driver is the rising demand for grass-fed and organic meat. Consumers are increasingly conscious of their health and the environmental impact of their food choices, leading to a growing preference for meat that is raised without antibiotics or hormones. This trend is expected to continue, presenting opportunities for companies that can meet this demand. However, the market also faces challenges, including the increasing prevalence of livestock diseases. Outbreaks of diseases such as Avian Flu and Mad Cow Disease have led to significant disruptions in the supply chain and increased costs for producers. Companies must invest in disease prevention and management strategies to mitigate these risks and ensure a steady supply of high-quality meat products. In summary, the market is characterized by strong growth, driven by advancements in technology and increasing demand for grass-fed and organic meat. However, companies must also navigate the challenges posed by livestock diseases to capitalize on these opportunities and maintain a competitive edge. By focusing on innovation, sustainability, and disease prevention, companies can effectively meet consumer demands and thrive in this dynamic market.

What will be the Size of the Meat Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of products, including fresh and processed meats, such as lean meats, processed meats like sausages and bacon, and emerging alternatives like cultured and plant-based meat. Consumers' shifting preferences towards protein-rich diets and ethical production methods are driving demand for meat that prioritizes animal welfare. This trend is reflected in the growing popularity of pre-cooked and ready-to-eat meat options, which offer convenience and reduced preparation time. Additionally, the rise of clean meat and fermented meat production methods is poised to disrupt traditional meat processing techniques. Overall, the market is experiencing significant growth and innovation, as industry players adapt to evolving consumer preferences and technological advancements. Key trends include the increasing importance of healthier diets, the expansion of the plant-based and cultured meat sectors, and the continued demand for lean and ethically-produced animal meat.

How is this Meat Industry segmented?

The meat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductPoultryPorkBeefOthersTypeProcessedFreshGeographyEuropeFranceGermanyAPACChinaJapanNorth AmericaUSSouth AmericaMiddle East and Africa

By Product Insights

The poultry segment is estimated to witness significant growth during the forecast period.The global poultry the market is projected to expand due to several factors, including the affordability of poultry production, which is attributed to a high feed conversion rate. The increasing popularity of poultry in the restaurant industry, particularly in the fast-food and fast-casual dining sectors, and the rising disposable incomes of consumers are also significant contributors to market growth. Key emerging markets for poultry meat are China, Brazil, and India, which have large populations. Poultry is classified as white meat, which is generally considered healthier than red meat due to its lower saturated fat content. Essential nutrients, such as protein, amino acids, and healthy fats like omega-3 fatty acids, are abundant in poultry meat. Ethical meat production practices, including grass-fed, organic, and free-range production, are gaining popularity among consumers, leading to the demand for higher product quality and animal welfare. The market encompasses various forms of poultry meat, including fresh, chilled, frozen, and processed meats, such as cured meats, dried meats, and roasted meats. The convenience of precooked meat, convenience meats, and home delivery models caters to the demands of fast-paced lifestyles and culinary tastes. However, concerns regarding animal husbandry practices, such as the use of antibiotics and hormones, and the potential health risks associated with processed meats, such as an increased risk of oesophageal, gastric, and colorectal cancers, cardiac issues, and infectious diseases like E. Coli, African swine fever, and meat-associ

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Canned Meat Market Size 2024-2028

The canned meat market size is forecast to increase by USD 4.23 billion at a CAGR of 4.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for convenient and ready-to-eat (RTE) food options. Canned seafood and processed luncheon meat are popular choices in this category. Health awareness is a key trend driving market growth, with consumers seeking nutritious and convenient alternatives to fresh meat. Additionally, the Frozen food sector is expanding, driven by advancements in cold chain logistics, which ensure the freshness and safety of frozen products, including seafood like lobster. However, concerns over food stabilizers and additives in canned meat may hinder market growth. Meanwhile, the rising demand for high-quality frozen seafood, including lobster, presents new opportunities for growth in the frozen food segment, as consumers seek convenient and premium options. Balancing these trends will be crucial for the industry's future development. Dietary patterns shifting towards plant-based options pose another challenge, as poultry and other canned meats compete for market share. Food processing technologies are advancing, enabling the production of high-quality canned meat products. Online distribution channels are also gaining traction, making it easier for consumers to access these products from anywhere. However, product recalls have posed challenges to market growth, highlighting the importance of maintaining stringent quality control measures. Overall, the market is expected to continue its expansion, fueled by consumer preferences for convenient, nutritious, and affordable options.

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The market has witnessed significant growth in recent years, driven by the increasing demand for convenient, affordable, and nutritious food options. This market caters to various consumer segments, including those seeking animal protein sources, plant-based alternatives, and health-conscious individuals. An essential component of the packaged food sector, canned meat encompasses a wide range of products, including poultry, pork, beef, and various types of fish. These foods offer extended shelf life, making them a popular choice for consumers seeking to minimize food waste. The supply chain for canned meat is a complex network involving raw material sourcing, processing, sustainable packaging, food labeling, and distribution channels.

Moreover, processing techniques have evolved to include advanced methods, ensuring the highest quality and safety standards. Sustainable packaging and food labeling are crucial factors influencing the market. Consumers are increasingly conscious of the environmental impact of their food choices and prefer packaging that minimizes waste and is recyclable. Clear and accurate labeling is essential for consumers to make informed decisions about their food choices, particularly regarding nutritional information and sourcing. Canned meat offers numerous health benefits, making it a popular choice for individuals with busy lifestyles or specific dietary requirements. These foods are rich in protein, essential minerals, and vitamins, making them an ideal option for those seeking to maintain a balanced diet.

Also, the rise of vegetarianism and plant-based diets has led to the development of alternative canned meat options, such as plant-based luncheon meat and vegetarian canned fish. These products cater to the growing demand for protein-rich, nutritious, and sustainable food options. The cold storage and online distribution channels have significantly impacted the market, enabling consumers to access a wider variety of products and ensuring their availability year-round. These channels have become increasingly popular, particularly during the COVID-19 pandemic, as consumers seek to minimize their exposure to public spaces. Despite the numerous benefits of canned meat, there are concerns regarding the potential health risks associated with obesity and the consumption of red meat and processed foods.

However, the market continues to grow, driven by consumer preferences and the ongoing development of healthier, more sustainable options. In conclusion, the market in the United States is a dynamic and evolving industry, driven by consumer preferences, technological advancements, and changing dietary trends. The market offers a diverse range of products catering to various consumer segments, ensuring its continued growth and relevance in the packaged food sector.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Canned be

The global plant-based food market size is predicted to expand by 3x, witnessing an increase from US$ 11.3 billion in 2023 to US$ 35.9 billion by 2033. Overall plant-based food sales are poised to surge at a stupendous CAGR of 12.2% between 2023 and 2033.

Scope of the Report

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Non-Meat Ingredients Market Size 2025-2029

The non-meat ingredients market size is forecast to increase by USD 11.06 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. The increasing demand for plant-based food products is a major driving factor. Consumers are becoming more health-conscious and are seeking alternatives to traditional animal-derived ingredients. This trend is further boosted by new product launches from companies, who are introducing innovative plant-based options to meet this demand. Flavoring agents and preservatives are essential components in the production of non-meat ingredients, ensuring the products maintain their taste and shelf life. Ground spices and marinated options add depth and complexity to the flavors, while extenders and fillers contribute to the overall texture and nutritional value. However, the market also faces challenges, such as regulatory and labeling issues. As governments and regulatory bodies continue to establish guidelines for plant-based food labeling, companies must navigate these complexities to ensure compliance. Overall, the market is poised for continued growth as it caters to the evolving preferences and needs of health-conscious consumers.

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The market is witnessing significant growth as consumers seek out plant-based alternatives to processed meats. These alternatives offer texture and flavor that mimic their meat counterparts, making them appealing to vegetarians and vegans, as well as those looking to reduce their meat consumption for health or ethical reasons. Manufacturers are focusing on developing time-saving solutions for consumers with busy lifestyles, offering ready-to-eat options and convenience foods. The use of binders and texturizing agents enables the creation of processed products with the desired slicing properties and batter stability. Brand differentiation is a key factor in the market, with companies striving to offer unique flavor profiles and transparency in their ingredient lists.
Moreover, cost competitiveness is also crucial, as consumers look for affordable alternatives to fresh meats. Consumer lifestyles continue to evolve, with an increasing focus on minimal preparation and healthy habits. Premium products that cater to these preferences are gaining popularity, particularly in the vegan and vegetarian sectors. Health concerns and concerns over meat consumption have led to a rise in demand for non-meat ingredients, with per-capita consumption on the rise in many regions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Flavoring agents
  Preservatives
  Fillers
  Coloring agents
  Others


Application

  Processed and cured meat products
  Fresh meat products
  Marinated and seasoned meat products
  Ready-to-eat meat products
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Middle East and Africa

By Type Insights

The flavoring agents segment is estimated to witness significant growth during the forecast period.

The market is driven by the demand for plant-based alternatives to traditional meat products. Flavoring agents play a crucial role in this market, as they enable the replication of savory meat flavors while catering to health-conscious consumers. Derived from natural sources like yeast extracts, spices, and umami-rich compounds, these agents are essential for maintaining the sensory appeal and taste experience of non-meat products. Manufacturers focus on developing sophisticated flavoring agents through fermentation processes to meet the growing preference for vegan and vegetarian options. With the vegan lifestyle gaining popularity, the market for non-meat ingredients, including vegan meat, meat snacks, and vegetarian meat substitutes, is expected to continue its growth trajectory.

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The flavoring agents segment was valued at USD 9.36 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market for non-meat ingre

The size and share of the market is categorized based on Type (Tofu-based, Seitan-based) and Application (Retail, Food Service) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The report covers Global Plant Based Food and Beverages Market Future Trends is segmented by Product Type (Meat Substitutes, Dairy Alternatives Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, and Non-dairy Spreads), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

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Mechanically Separated Meat Market Size 2024-2028

The mechanically separated meat market size is forecast to increase by USD 85.96 thousand at a CAGR of 5.5% between 2023 and 2028.

The mechanically separated meat (MSMeat) market in the US is experiencing significant growth due to the increasing demand for inexpensive sources of protein and the adoption of advanced meat recovery systems. However, this market faces challenges related to food safety concerns, as MSMeat may contain bone fragments, impurities, and filler additives such as cosmetics and fire retardants. To address these challenges, manufacturers are focusing on improving meat recovery technologies and implementing stricter quality control measures.
Additionally, consumers are demanding more transparency in the production process, leading to an emphasis on moisturizing and UV radiation treatments to improve the texture and appearance of MSMeat. The market is also witnessing the use of additives to enhance the fat content and improve the overall taste and quality of the product. Despite these challenges, the market for MSMeat is expected to continue growing due to its cost-effectiveness and wide application in various industries, including food processing and personal care products.

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The mechanically separated meat (MSM) market is undergoing significant transformations, driven by advancements in technology, shifting consumer preferences, and increasing focus on sustainability and ethical considerations. This market encompasses various aspects of meat production, from innovation in meat processing to the development of alternative protein sources. Meat and Technology: The integration of technology in the meat industry has led to improvements in meat processing efficiency, food labeling, and traceability systems. Meat traceability is a crucial aspect of the industry, ensuring food safety and security while maintaining transparency for consumers.
Moreover, consumers are increasingly concerned about the nutritional value of their food choices. The meat industry is responding by focusing on producing high-quality meat with optimal nutritional content. Quality standards are being set to address health concerns related to meat consumption, driving innovation in meat product development. The environmental impact of meat production is a significant concern. Sustainable meat production is gaining traction as a solution, with waste reduction and labor reduction being key areas of focus. Plant-based meat alternatives are also gaining popularity as a more sustainable protein source. Ethical considerations are becoming increasingly important in the meat industry.
Additionally, transparency in meat production and ingredient labeling is essential for maintaining consumer trust. The industry is responding by implementing ethical standards and practices to address concerns related to animal welfare and fair labor. Meat consumption patterns are evolving, with a growing preference for convenient, ready-to-eat meat products. This trend is driving innovation in meat processing and packaging, with a focus on extending shelf life and improving product quality. Health concerns related to meat consumption are a major driver of innovation in the meat industry. Meat additives and ingredients are being developed to address these concerns, with a focus on reducing sodium, saturated fat, and other unhealthy components.
Further, transparency is becoming a key factor in consumer trust and loyalty. The meat industry is responding by implementing traceability systems and providing clear, accurate labeling to help consumers make informed choices. In conclusion, the market is undergoing significant transformations, driven by advancements in technology, shifting consumer preferences, and increasing focus on sustainability and ethical considerations. The industry is responding by focusing on innovation, quality, and transparency to meet the evolving needs and expectations of consumers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Poultry
  Pork


Type

  Fresh
  Frozen


Geography

  Europe

    Germany
    UK
    France
    Spain


  APAC

    China
    Japan


  North America

    Canada
    Mexico
    US


  South America



  Middle East and Africa

By Product Insights

The poultry segment is estimated to witness significant growth during the forecast period.

The market for mechanically separated meat, specifically in the ready-to-eat food sector, is witnessing substantial expansion, particularly within the poultry segment. The escalat

China is leading the ranking by revenue in the 'Meat Substitutes' segment of the food market, recording 2.1 billion U.S. dollars. Following closely behind is the United States with 1.4 billion U.S. dollars, while Australia is trailing the ranking with 69.26 million U.S. dollars, resulting in a difference of 2.1 billion U.S. dollars to the ranking leader, China. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Vietnam regarding out-of-home revenue in the Food market as a whole and a ranking by country regarding revenue in the baby food segment of the food market. The Statista Market Insights cover a broad range of additional markets.

According to Cognitive Market Research, The Global Reconstituted Meat market size is USD 5.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 19.20% from 2023 to 2030.

North America Reconstituted Meat held the major market share in 2023. It accounted for more than 38% and a CAGR of 17.0% of the global revenue.
European Reconstituted Meat market accounted for approximately 30% and a CAGR of 17.5% of the global revenue.
Asia Pacific Reconstituted Meat held a considerable market share in 2023, accounting for more than 25% and a CAGR of 21.0% of the global revenue.
South America Reconstituted Meat accounted for more than 5% and a CAGR of 18.0% of the global Reconstituted Meat revenue in 2023
Middle East and Africa Reconstituted Meat accounted for more than 2% and a CAGR of 18.5% of the global revenue in 2023.
The demand for Reconstituted Meats is rising due to increasing health and wellness awareness.
Demand for frozen meat remains higher in the reconstituted meat market.
The beef category held the highest Reconstituted Meat market revenue share in 2023.

New Product Launches to Provide Viable Market Output

New products are being launched to bolster the market's growth. Consumers are increasingly drawn to these alternatives for health and environmental reasons as food industry innovators introduce a diverse range of reconstituted meat products, such as plant-based and lab-grown options. These novel offerings capitalize on growing awareness of the ecological impact of traditional meat production, positioning reconstituted meats as a viable and eco-friendly solution. The market's dynamism and continuous product innovation reflect a concerted effort to meet the rising demand for sustainable protein choices in today's discerning consumer landscape.

For instance, Meat startup Licious, valued at $1.47 billion, announced the launch of a new plant-based meat brand called 'UnCrave' as part of their strategy to diversify their portfolio. The brand aims to become a market leader within its first year of launch and appeal to a wider audience of meat-eaters. The plant-based proteins used in Un-Crave's offerings, including vegetarian chicken and mutton seekh kebabs, are rich in protein and free of artificial preservatives and trans fat. The products will initially be available in major cities in India.

(Source: brandequity.economictimes.indiatimes.com/news/business-of-brands/licious-launches-plant-based-meat-brand-uncrave/94758008)

High Consumption of Protein Food to Propel Market Growth

The high consumption of protein food has significantly impacted the Reconstituted Meat market. With an increasing global population and rising health consciousness, consumers are actively seeking alternative protein sources. Reconstituted meat, derived from various protein-rich sources, meets this demand by offering a convenient and versatile protein option. Its production efficiency, cost-effectiveness, and potential for sustainable practices further contribute to its popularity. As high protein consumption becomes a focal point in contemporary diets, the reconstituted meat market is positioned to capitalize on this trend, fostering its continuous growth.

For instance, the Farm Service Agency (FSA) of the United States Department of Agriculture (USDA) authorized payments totaling more than USD 545 million to producers who submitted applications for the Coronavirus Food Assistance Program. This program caters to the needs of producers who saw their prices drop by 5% or more due to COVID-19 because of decreased demand, excess supply, and marketing and shipping disruptions. In the United States, 2,452,000 pigs were killed in 2020.

(Source: www.usda.gov/media/press-releases/2020/06/04/usda-issues-first-coronavirus-food-assistance-program-payments)

Market Restraints of the Reconstituted Meat

Health Issues to Restrict Market Growth

The increasing health issues constrain the growth of the market. Reconstituted meat often involves additives, preservatives, and processing techniques that can contribute to health issues. High sodium content, artificial flavors, and potentially carcinogenic compounds generated during processing pose risks such as cardiovascular problems and increased cancer susceptibility. As consumers become increasingly health-conscious, these concerns may drive a shift towards healthier alternative...

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Deli Meat Market Size 2025-2029

The deli meat market size is forecast to increase by USD 110.9 billion at a CAGR of 9.3% between 2024 and 2029.

The market is witnessing significant growth due to several key trends. The expansion of organized retail is driving market growth, as consumers increasingly prefer shopping at large retail stores for their deli meat needs. Deli meats, including beef, pork, chicken, hog, veal, and ovine, are consumed for their versatility in various dishes, such as charcuterie trays, sandwiches, and ready-to-eat meals. Additionally, the rise of plant-based and alternative protein options is challenging traditional players In the market. However, adhering to stringent food safety regulations and labeling requirements remains a major challenge for market participants. Ensuring the safety and quality of deli meat products is essential to maintain consumer trust and meet regulatory compliance. These factors, among others, are shaping the future of the market.

What will be the Size of the Deli Meat Market During the Forecast Period?

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The market encompasses a wide range of cured and uncured meat products derived from beef, hog, chicken, veal, ovine, and other animals. These meats are available in various forms, including loaves, sliced, prepackaged vacuum-packed portions, canned, and ready-to-cook options. The market's growth is driven by the increasing urbanization and the rising demand for convenience foods. Hypermarkets and supermarkets, as well as specialty stores, are the primary distribution channels for deli meats. Preservatives and food additives are essential in ensuring the extended shelf life of these products. The market for deli meats has seen a trend towards flavored ready-to-eat meats, which cater to diverse consumer preferences.
In addition, the use of natural preservatives and minimally processed meats is also gaining popularity due to health-conscious consumers. The market is expected to continue its upward trajectory, fueled by the increasing demand for protein-rich, convenient, and flavorful food options.

How is this Deli Meat Industry segmented and which is the largest segment?

The deli meat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Cured deli meat
  Uncured deli meat


Distribution Channel

  Offline
  Online


Source

  Pork
  Chicken
  Beef
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

    Brazil

By Product Insights

The cured deli meat segment is estimated to witness significant growth during the forecast period.

Cured deli meats, including beef, pork, hog, chicken, veal, and ovine varieties, undergo a curing process involving salt, enzymes, and preservatives to enhance flavor and extend shelf life. The prevalence of diseases linked to processed meat consumption, such as cardiovascular diseases and Type 2 diabetes, raises health concerns. Leading companies, such as Hormel Foods and Boar's Head Brand, employ innovative distributive strategies, including online shopping and convenience stores, to cater to the expanding consumer base. Urbanization and hectic lifestyles fuel the demand for convenience foods and dishes, driving the market for cured deli meats. Consumers seek natural, organic, and uncured alternatives, while synthetic hormones, antibiotics, toxic pesticides, and nitrites remain contentious ingredients.

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The cured deli meat segment was valued at USD 95.50 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market experiences significant growth due to increasing consumer demand for protein-rich, convenient snacking options and the health benefits associated with protein-based diets. Leading companies In the industry, including Hormel Foods and Boar's Head Brand, offer prepackaged vacuum-packed portions, ensuring extended shelf life and convenience for consumers. However, concerns regarding adverse health effects, such as cardiovascular diseases, Type 2 diabetes, and the presence of antibiotics, bacteria, preservatives, and food additives, may deter some consumers.

Market Dynamics

Our researchers analyzed the data

In 2023, egg substitutes saw their dollar sales value shrink by five percent in the U.S. market. In the 52 weeks ending January 1, 2023, the dollar sales value growth rate of meat and seafood substitutes was at approximately minus 12 percent. Egg substitutes have the lowest dollar sales value in the market for plant-based foods. Plant-based food in the U.S. Plant-based foods tend to be more expensive than their animal-based counterparts. The average price of milk, for example, is 0.64 U.S. dollars per unit, compared to 0.97 U.S. dollars per unit of milk alternatives. The average price for meat is 4.24 U.S. dollars, whereas meat alternatives are about twice as expensive. Sales of plant-based foods in the U.S. had been growing much faster in recent years than the sales of the total food retail market. While sales of plant-based foods increased by approximately seven percent per year in 2022, the total food retail had a sales growth of only 1.9 percent. However, plant-based food growth dipped into negative figures for the first time in 2023, perhaps signaling some stagnation in the market. Plant-based milk in the U.S. Milk alternatives have the highest sales share of plant-based food alternatives. Plant-based milk alternatives account for approximately 15 percent of all U.S. plant-based alternative sales. By comparison, plant-based meat only accounts for 0.9 percent of all meat dollar sales. The volume of milk substitutes consumed in the United States is almost 984 million kilograms. This figure is forecast to reach over 1.3 billion kilograms in 2029. The leading milk alternative brand ranked by brand awareness in the U.S. is Silk, followed by Blue Diamond's Almond Breeze and Chobani.

The size and share of the market is categorized based on Type (Tofu, Tempeh, Seitan, Textured Vegetable Protein (TVP), Quorn, Others) and Application (Retail, Food Service) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).