Plant-based Beef Market Outlook (2023 to 2033)

Newly released data on plant-based beef Market analysis shows that according to Future Market Insights the market is estimated to be valued at USD 4.1 billion in 2023 and is projected to reach USD 26.9 billion by 2033, recording a CAGR of 20.6%, in terms of value.

Government Initiatives Fuel Market Innovations

Globally, government initiatives have acted in favor of the market. This is a result of the rising awareness of the health hazards of red meat and public health authorities’ plea to ameliorate food-related ailments. Wide-scale consumption of beef has been proven to have environmental ramifications. With an increasing focus on sustainability and global efforts to minimize carbon emissions, the market shows a positive outlook.

Government-funded research and development for plant-based alternatives is a critical factor in broadening the market horizon. The development of advanced variants, catering to specific consumer demands will significantly alter the market landscape.

Report Attributes Details
Plant-Based Beef Market Size Value in 2023 USD 4.01 Billion
Plant-Based Beef Market Forecast Value in 2033 USD 26.9 Billion
Global Growth Rate (2023 to 2033) 20.6%
Forecast Period 2023 to 2033

As Veganism Gains Stronghold, Market Prospects Improve

Plant-based meat has become one of the most popular, healthy, and environmentally responsible ways of life. This is due in part to plenty of new plant-based meat alternatives that mock meat products in taste and texture, and behave like the "genuine thing." Veganism is a growing trend in developed nations. As many as 6% of the United State’s largely red meat-consuming consumer base have turned purely vegan.

Consumers Turn Weary of High Market prices

In comparison to traditional red meat, plant-based beef products are expensive. They are also less accessible at local grocery stores. These critical market constraints impeded greater market penetration. For the average consumer, meat is a source of an affordable, easy source of nutrition, particularly protein. Many consumers aren’t too keen on spending higher for plant-based alternatives with lesser protein content than regular meat. Dominating the markets of developing nations is difficult at the current market price points.

In terms of burgers, popular choices are plant-based beef jerky, patty, pot pie, stew, and strips. These products may appear to be fake meats. However, plant-based beef benefits show they have fewer saturated fats, cholesterol, and calories than animal-based meat.

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How Will the Market Progress Till June 2023?

Market Statistics Details
H1,2022 (A) 22.5%
H1,2023 Projected (P) 22.7%
H1,2023 Outlook (O) 25.0%
BPS Change : H1,2023 (O) - H1,2023 (P) (+) 227 ↑
BPS Change : H1,2023 (O) - H1,2022 (A) (+) 249.7 ↑

Plant-based beef is the latest trend in the food industry. Restaurants and grocery stores are beginning to offer plant-based meat products as a viable alternative to traditional beef. These products are made from plants, but they look and taste like real beef. Proponents of plant-based beef argue that it is healthier and more sustainable than traditional beef. Critics say that plant-based beef is not as nutritious as real beef and that it is more expensive.

In a major product launch, Beyond Meat has debuted its plant-based beef. The company is billing the new product as a revolutionary way to enjoy a classic dish. "Our plant-based beef is not only better for you and the planet, but it also tastes delicious," said Ethan Brown, founder, and CEO of Beyond Meat. "We're excited to finally give people a real alternative to conventional meat."

The plant-based beef is made with ingredients like pea protein isolate, canola oil, and beet juice extract. It's designed to look, cook, and taste just like traditional ground beef. Beyond Meat says that its product is perfect for burgers, tacos, chili, and more.

To appeal to the environmentally conscious consumer, a new plant-based meat product is set to launch. The company, which has not been named yet, plans to debut its product at the end of this year. This will be the first time a major food company has released a vegetarian replacement for beef that looks and tastes like the real thing.

The plant-based meat will be made out of soy and wheat protein and will require no refrigeration. It is also cholesterol free and low in fat. The creators of the product are hoping to tap into the growing market for vegetarianism and veganism, which is currently valued at $3.5 billion in the United States alone.

While some vegetarians may balk at eating a product that is made to look and taste like meat, others may appreciate not having to sacrifice flavor or texture to live a vegetarian lifestyle.

Historical Outlook vs Future Projections

The plant-based meat market was valued at USD 3.3 billion in 2022 the market grew at a steady CAGR of 22.6% between 2017 and 2022. The growth of the market during this period is fueled by health benefits.

The consumption of plant-based meat has an advantage over actual meat products. Beef meat contains more saturated fat, cholesterol, and calories than a plant-based diet. Recent research shows that this could induce diet-related disorders such as obesity, type 2 diabetes, heart disease, and some malignancies. Consumption of plant-based meat, on the other hand, does not result in the development of such disorders. Furthermore, they contribute to the development of stronger immunity.

During the historical period, the above factors raised the consumer penchant for plant-based beef. This positive impact on the market is projected to carry forward into the current forecast period. However, the surge of sales between 2017 to 2022, is expected to slow down, with waning market momentum. The market is projected to slightly depreciate between 2023 to 2033.

Short Term (2023 to 2026): Currently, regulatory restrictions for alternative proteins, mostly plant-based protein products, have been relaxed in various nations. The FDA, for example, has loosened its rules for selling plant-based meat products on the market, which were prohibited previously due to labeling concerns. This is expected to drive easy accessibility to plant-based alternatives, boosting the market prospects.

Medium Term (2026 to 2029): Research & development, and innovations fuelled by public-private partnerships are projected to improve product versatility. Key players are consistently attempting to change the popular perception of plant meats tasting bad. With the introduction of better product variants, consumer perception is expected to radically shift.

Long Term (2029 to 2033): Long-term growth prospects are reliant on the key player’s ability to reach out to an untapped consumer base. Currently, not even half of the market potential has been realized in developing regions. Manufacturers need to develop region-specific, affordable products to break into the Asia-Pacific, Latin American, and MEA markets.

During the forecast period, the market is expected to grow at a CAGR of 20.6%.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Health Benefits Driving The Growth of the Plant-Based Beef Market

People are eating vegetables, legumes, fruits, and nuts as a result of the plant-based trend. There are also a variety of health benefits linked with plant-based beef products, which people are becoming more aware of in recent years as one of the most important elements driving global demand for plant-based meat products.

Many large economies have witnessed a significant increase in the vegan population. The nutritional benefits of plant-based meats when compared to regular meat, as well as their safety, are major considerations that have helped them acquire public attention.

Because of the health benefits of plant-based meat alternatives as well as the environmental concerns associated with animal-based meat, government authorities in many nations are pushing their consumption.

Recent Government Initiatives Boosting Market Growth

Globally, government agencies are investing heavily in plant-based meat research and development.

  • The German government declared in 2018 that it would invest USD 780,000 in research initiatives to develop plant-based replacements more flesh-like in texture than conventional beef, according to Mercy for Animals Organization.
  • In August 2022, the US Department of Agriculture (USDA) officially declared that plant-based meat is growing.
  • Researchers at Germany’s TU Berlin and Karlsruhe Institute of Technology (KIT) are currently developing unique plant-based products. The project is titled “Texturing Mechanisms in the Wet Extrusion of Soy and Pea Protein”.

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Country-wise market analysis

Growing United States Plant-based beef market

The United States showed the largest market share in 2023, and this trend is expected to continue during the forecast period. In developed countries with big populations such as the United States and Canada, there is a lot of awareness about plant-based meat benefits. Consumers are becoming more health-conscious, and there are concerns about the environmental impact of meat production. Consumers are becoming aware of their food consumption and taking the required efforts to reduce their unneeded fat intake in their regular diet. As a result, a substantial number of customers have stopped eating beef and have become vegans.

Plant-based alternatives are being researched in the United States to make them more meat-like in texture. Plant-based meat products are seen as healthier alternatives to meat products, allowing people to eat burgers and nuggets without feeling guilty. As a result, new product introductions are expected to have an impact on the region's plant-based beef meat industry's growth.

During the forecast period, the US market is expected to grow at a CAGR of 20.0% to reach a valuation of USD 7.9 Billion by 2033.

The United Kingdom is the biggest market for Plant-based beef market in Europe

The United Kingdom consumes meat daily, and they are concerned about eating a healthy diet. The United Kingdom markets are expected to develop at a CAGR of 12.8 percent over the projection period. It is Europe's largest market for plant-based meat consumption, accounting for over 40% of the European plant-based meat market. The rise of the ethical focus of the consumer, led by the millennial age and the advent of the flexitarian consumer, is a crucial element in the expansion of the plant-based business, particularly in the UK.

The Agricultural Capacity of Australia to Produce Raw Materials for the Plant-Based Beef Market

The significance of value-adding crops like pulses and legumes as ingredients for products like plant-based meat - rather than farmers selling their crops into unpredictable commodity markets - is becoming more generally recognized in the Australian farming sector. Australia possesses the agricultural capacity, commercial demand, and research know-how necessary to become a global leader in novel protein businesses, such as plant-based meat. Australian-grown plant protein components and processing are in high demand. Plant protein components are becoming increasingly popular in a variety of market areas, including baked goods, snacks, and sports nutrition products.

History of China using substitutes meat and its potential for growth in the plant-based beef market

China already has many meat substitutes. Tofu-based foods are already commonly seen at meals in China. Aside from tofu-based items, Buddhist monks have a long history of making imitation meats, which are usually manufactured from soybeans and wheat gluten and resemble meat but don't taste like it. In cities around China, there are Buddhist-run eateries that serve only faux meats. Many people are wary of meat because of past outbreaks of swine sickness and avian flu.

During the forecast period, the market is expected to grow at a CAGR of 18.1% to reach a valuation of USD 1.4 Billion.

Regions North America
Countries United States
CAGR 20.0%
Market Value (2033) US$ 7.9 Bn
Regions North America
Countries Canada
CAGR 27.2%
Market Value (2033) US$ 571.8 Mn
Regions Asia Pacific
Countries China
CAGR 18.1%
Market Value (2033) US$  1.4 Bn
Regions Asia Pacific
Countries South Korea
CAGR 22.0%
Market Value (2033) US$ 290.4 Mn
Regions Asia Pacific
Countries Japan
CAGR 19.2%
Market Value (2033) US$  457.0 Mn

Category-wise Insights

Plant-based beef has many of the same properties as beef. It has features that are the same as those of beef. Soy and wheat are used to make beef-related plant-based items such as meat-free beef bits, no-beef burgers, beef watercress, and beefsteak. In addition, manufacturers are working on new product introductions to suit the need of vegetarian consumers.

Plant-based beef is categorized into products like Burger, Jerky, Patty, and potpie. Due to speedier manufacturing, flavor, convenience, and abundant supply, the burger patties category led the market, this trend is expected to continue during the projection period. Burger patties are becoming increasingly popular on store shelves.

The wheat-Sourced Segment Dominates the Market Owing to Consumer Preference

During the forecast period, the wheat-sourced segment is projected to dominate the market at a CAGR of 21.6%.

Wheat being one of the most preferred cereals globally is easily gaining wide acceptance amongst consumers. It is also deemed by consumers as a rich source of vitamins, minerals, antioxidants, and fiber. It is also one of the most preferred sources of plant-based protein. Many key players are showing a preference for wheat due to its taste, texture, and likeability to meat, when used in sausages, patties, and nuggets.

Burger Patty Dominates Product Type Due to Existant Popularity

Globally, meat-based burger patties are deemed consumer favorites. Due to its unequivocal popularity in developed and developing nations alike, plant-based beef burger patties are a consumer favorite. Plant-based beef burger patties are easier to create and bear high likeliness to beef patties. It can be made with a variety of ingredients such as chickpeas, corn, soy, wheat, or rice to replicate the actual meat taste.

During the forecast period, the burger patty segment is expected to grow at a CAGR of 22.4%.

Leading Startups to Lookout For

Start-up Company Alt Farm
Country China
Description It is a subsidiary of the Hong Kong University of Science and Technology. It is popularly known for its innovation of protein printing technology. The startup has developed a specialized nozzle specifically for food printing. Currently, they are developing a technology to print plant-based A5 wagyu beef, which is to be launched in 2023.
Start-up Company Motif FoodWorks
Country United States
Description Founded in 2019, the startup primarily develops meat alternatives. This includes plant-based and dairy-free protein. This is achieved through advanced microbiological and fermentation methodologies, that isolate protein from meat and eggs.

Key Players Use Innovation to Conquer New Consumer Bases

In the plant-based beef meat market, businesses compete fiercely. The top key players in the plant-based meat business are working on a capacity expansion. They aim to achieve a competitive advantage, in addition to collaborations and product launches. To build a strong position in the market, new entrants are focusing on innovation, product development, and marketing techniques.

They're also attempting to anticipate changing consumer preferences to provide delectable foods that may be customized. Start-ups and key players are launching new and exciting products to expand the consumer base and demand for novel products.

Burger King launched the vegetarian Impossible Whopper, which is quickly becoming one of the brand's most successful product launches. Currently, the two leading market players are Impossible Foods, Inc. and Gardein by Conagra Brands.

Key Players and Recent Market Developments

Company Beyond Meat
Details Beyond Meat is a California-based company that is known for manufacturing meat substitutes from plant sources. It is preferred by many consumers due to its high likeliness to actual meat products. Their products are also available at popular fast-food chains and grocery stores.
Recent Developments

In 2022, Beyond Meat launched two new exciting products namely the “Beyond Burger” and “Beyond Beef Meatballs”. These are made from plant-based protein and free from GMOs.

The company also partnered with Pizza Hut in 2022 to launch the “Beyond Italian Sausage Crumbles in Canada.

Company The Vegetarian Butcher
Details The Vegetarian Butcher was founded in 2010 and is based in the Netherlands. The company primarily makes meat and seafood alternatives. The company has won many many awards, such as the EY Entrepreneur Of The Year in 2015 and 2016, and PETA's "Most animal-friendly company of the year" award.
Recent Developments In 2021, The Vegetarian Butcher launched a wide array of plant-based meat alternatives in the Chinese market. This is because demand for plant-based meat alternatives is steadily growing in the region
Company Greenleaf Foods, SPC
Details Greenleaf Foods, SPC was established in 2018. It is a leading producer of plant-based protein in the United States. The company has partnered with leading plant-based meat alternative food manufacturers. It is a subsidiary of Maple Leaf Foods Inc.
Recent Developments In 2021, Greenleaf Foods SPC expanded its production plant protein production in Indianapolis, US. This can be owed to the lucrative and readily available consumer base in North America generating profit.

Other Key Players

  • MorningStar Farms
  • Archer Daniels Midland Company
  • Symrise
  • Roquette Frères S.A.
  • Kellogg's
  • Tyson Foods, Inc.
  • Sotexpro SA
  • Crown Soya Protein Group
  • Puris Proteins, LLC
  • Ingredion Inc
  • Beneo GmbH
  • Glanbia plc
  • Fuji Oil Co., Ltd.

Frequently Asked Questions

What is the plant-based beef market size?

Plant-based beef market is estimated to be valued at USD 4.1 billion in 2023 and is projected to reach USD 26.9 billion by 2033, recording a CAGR of 20.6%, in terms of value.

At what rate did the plant-based beef Market Expand in The Last Five Years?

According to FMI’s study, the plant-based beef market has grown at 22.6% CAGR between 2017 and 2022.

What are the key factors driving Plant-based beef market demand?

The nutritional benefits of plant-based meats, as well as their safety when compared to regular meat, are two major factors driving plant-based beef market demand.

What is the United States Plant-based beef Market Outlook?

Demand for plant-based beef in the United States is predicted to propel during the forecast period. The United States hold more than 35% of the global plant-based beef market in 2023.

Which Countries are the highest consumers of Plant-based beef?

Taiwan, China, Japan, United States are the highest consumers of plant-based beef.

Which is the Highest-Grossing Region in the Global Plant-based beef Market?

North American region is the leading market share in the global plant-based beef market, estimated to account for nearly 38% of the overall market in 2021.

Table of Content
1. Executive Summary | Plant-Based Beef Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders / Agents / Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2017 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2017 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033
        5.3.1. Burger Patty
        5.3.2. Crumbles & Grounds
        5.3.3. Sausages
        5.3.4. Hot Dogs
        5.3.5. Nuggets
        5.3.6. Bacon Chips
        5.3.7. Deli Slices
        5.3.8. Chunks & Tips
        5.3.9. Shreds
        5.3.10. Cutlet
        5.3.11. Strips, Tenders, & Fingers
        5.3.12. Meatballs
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2022
    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Source
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Source, 2017 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Source, 2023 to 2033
        6.3.1. Soy-based Protein
        6.3.2. Wheat-based Protein
        6.3.3. Pea-based Protein
        6.3.4. Canola-based Protein
        6.3.5. Fava Bean-based Protein
        6.3.6. Potato-based Protein
        6.3.7. Rice-based Protein
        6.3.8. Lentil-based Protein
        6.3.9. Flax-based Protein
        6.3.10. Chia-based Protein
        6.3.11. Corn-based Protein
    6.4. Y-o-Y Growth Trend Analysis By Source, 2017 to 2022
    6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Distribution Channel, 2017 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Distribution Channel, 2023 to 2033
        7.3.1. Retail
            7.3.1.1. Hypermarkets/Supermarkets
            7.3.1.2. Convenience Stores
            7.3.1.3. Specialty Food Stores
        7.3.2. Online Retail
        7.3.3. HoReCa
    7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2017 to 2022
    7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2017 to 2022
    8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Europe
        8.3.4. East Asia
        8.3.5. South Asia
        8.3.6. Oceania
        8.3.7. Middle East & Africa (MEA)
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. The US
            9.2.1.2. Canada
        9.2.2. By Product Type
        9.2.3. By Source
        9.2.4. By Distribution Channel
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Product Type
        9.3.3. By Source
        9.3.4. By Distribution Channel
    9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Mexico
            10.2.1.2. Rest of Latin America
        10.2.2. By Product Type
        10.2.3. By Source
        10.2.4. By Distribution Channel
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By Source
        10.3.4. By Distribution Channel
    10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. The UK
            11.2.1.3. France
            11.2.1.4. Italy
            11.2.1.5. Spain
            11.2.1.6. BENELUX
            11.2.1.7. Nordic
            11.2.1.8. Russia
            11.2.1.9. Poland
            11.2.1.10. Rest of Europe
        11.2.2. By Product Type
        11.2.3. By Source
        11.2.4. By Distribution Channel
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Source
        11.3.4. By Distribution Channel
    11.4. Key Takeaways
12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
        12.2.2. By Product Type
        12.2.3. By Source
        12.2.4. By Distribution Channel
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Source
        12.3.4. By Distribution Channel
    12.4. Key Takeaways
13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Rest of South Asia
        13.2.2. By Product Type
        13.2.3. By Source
        13.2.4. By Distribution Channel
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Source
        13.3.4. By Distribution Channel
    13.4. Key Takeaways
14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. Australia
            14.2.1.2. New Zealand
        14.2.2. By Product Type
        14.2.3. By Source
        14.2.4. By Distribution Channel
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Source
        14.3.4. By Distribution Channel
    14.4. Key Takeaways
15. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2022
    15.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Rest of MEA
        15.2.2. By Product Type
        15.2.3. By Source
        15.2.4. By Distribution Channel
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Source
        15.3.4. By Distribution Channel
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. The US
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2022
            16.1.2.1. By Product Type
            16.1.2.2. By Source
            16.1.2.3. By Distribution Channel
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2022
            16.2.2.1. By Product Type
            16.2.2.2. By Source
            16.2.2.3. By Distribution Channel
    16.3. Mexico
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2022
            16.3.2.1. By Product Type
            16.3.2.2. By Source
            16.3.2.3. By Distribution Channel
    16.4. Germany
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2022
            16.4.2.1. By Product Type
            16.4.2.2. By Source
            16.4.2.3. By Distribution Channel
    16.5. The UK
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2022
            16.5.2.1. By Product Type
            16.5.2.2. By Source
            16.5.2.3. By Distribution Channel
    16.6. France
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2022
            16.6.2.1. By Product Type
            16.6.2.2. By Source
            16.6.2.3. By Distribution Channel
    16.7. Italy
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2022
            16.7.2.1. By Product Type
            16.7.2.2. By Source
            16.7.2.3. By Distribution Channel
    16.8. Spain
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2022
            16.8.2.1. By Product Type
            16.8.2.2. By Source
            16.8.2.3. By Distribution Channel
    16.9. BENELUX
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2022
            16.9.2.1. By Product Type
            16.9.2.2. By Source
            16.9.2.3. By Distribution Channel
    16.10. Nordic
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2022
            16.10.2.1. By Product Type
            16.10.2.2. By Source
            16.10.2.3. By Distribution Channel
    16.11. Russia
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2022
            16.11.2.1. By Product Type
            16.11.2.2. By Source
            16.11.2.3. By Distribution Channel
    16.12. Poland
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2022
            16.12.2.1. By Product Type
            16.12.2.2. By Source
            16.12.2.3. By Distribution Channel
    16.13. China
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2022
            16.13.2.1. By Product Type
            16.13.2.2. By Source
            16.13.2.3. By Distribution Channel
    16.14. Japan
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2022
            16.14.2.1. By Product Type
            16.14.2.2. By Source
            16.14.2.3. By Distribution Channel
    16.15. South Korea
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2022
            16.15.2.1. By Product Type
            16.15.2.2. By Source
            16.15.2.3. By Distribution Channel
    16.16. India
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2022
            16.16.2.1. By Product Type
            16.16.2.2. By Source
            16.16.2.3. By Distribution Channel
    16.17. Australia
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2022
            16.17.2.1. By Product Type
            16.17.2.2. By Source
            16.17.2.3. By Distribution Channel
    16.18. New Zealand
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2022
            16.18.2.1. By Product Type
            16.18.2.2. By Source
            16.18.2.3. By Distribution Channel
    16.19. GCC Countries
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2022
            16.19.2.1. By Product Type
            16.19.2.2. By Source
            16.19.2.3. By Distribution Channel
    16.20. South Africa
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2022
            16.20.2.1. By Product Type
            16.20.2.2. By Source
            16.20.2.3. By Distribution Channel
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Product Type
        17.3.3. By Source
        17.3.4. By Distribution Channel
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. MorningStar Farms
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
                18.1.1.5.2. Product Strategy
                18.1.1.5.3. Channel Strategy
        18.1.2. Archer Daniels Midland Company
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
                18.1.2.5.2. Product Strategy
                18.1.2.5.3. Channel Strategy
        18.1.3. Symrise
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
                18.1.3.5.2. Product Strategy
                18.1.3.5.3. Channel Strategy
        18.1.4. Roquette Frères S.A.
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
                18.1.4.5.2. Product Strategy
                18.1.4.5.3. Channel Strategy
        18.1.5. Kellogg's
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
                18.1.5.5.2. Product Strategy
                18.1.5.5.3. Channel Strategy
        18.1.6. Tyson Foods, Inc.
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
                18.1.6.5.2. Product Strategy
                18.1.6.5.3. Channel Strategy
        18.1.7. Sotexpro SA
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
                18.1.7.5.2. Product Strategy
                18.1.7.5.3. Channel Strategy
        18.1.8. Crown Soya Protein Group
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
                18.1.8.5.2. Product Strategy
                18.1.8.5.3. Channel Strategy
        18.1.9. Puris Proteins, LLC
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
                18.1.9.5.2. Product Strategy
                18.1.9.5.3. Channel Strategy
        18.1.10. Ingredion Inc
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
                18.1.10.5.2. Product Strategy
                18.1.10.5.3. Channel Strategy
        18.1.11. Beneo GmbH
            18.1.11.1. Overview
            18.1.11.2. Product Portfolio
            18.1.11.3. Profitability by Market Segments
            18.1.11.4. Sales Footprint
            18.1.11.5. Strategy Overview
                18.1.11.5.1. Marketing Strategy
                18.1.11.5.2. Product Strategy
                18.1.11.5.3. Channel Strategy
        18.1.12. Glanbia plc
            18.1.12.1. Overview
            18.1.12.2. Product Portfolio
            18.1.12.3. Profitability by Market Segments
            18.1.12.4. Sales Footprint
            18.1.12.5. Strategy Overview
                18.1.12.5.1. Marketing Strategy
                18.1.12.5.2. Product Strategy
                18.1.12.5.3. Channel Strategy
        18.1.13. Fuji Oil Co., Ltd.
            18.1.13.1. Overview
            18.1.13.2. Product Portfolio
            18.1.13.3. Profitability by Market Segments
            18.1.13.4. Sales Footprint
            18.1.13.5. Strategy Overview
                18.1.13.5.1. Marketing Strategy
                18.1.13.5.2. Product Strategy
                18.1.13.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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