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Plant-based Pork Market Outlook (2023 to 2033)

FMI projects that the global plant-based pork market could soar to a valuation of US$ 1.88 billion in 2023, exhibiting a staggering CAGR of 24% from 2023 to 2033. Furthermore, this sector is anticipated to surpass a towering sum of US$ 16.72 billion by the year 2033. Such an impressive surge in the market can be attributed to the increasing demand for plant-based protein alternatives. Plant-based Pork market sales are likely to account for a part of the demand in the global vegan food market in 2023.

The market has experienced rapid expansion in recent years, driven by a convergence of factors including growing environmental consciousness, shifting food habits, and rising concerns regarding animal welfare. Both consumers and market players are interested in this expanding market niche, which has sparked a flurry of creative product launches and strategic partnerships.

The rising desire for meat substitutes with the identical texture and taste as traditional pork while being healthier and more sustainable is one of the primary factors driving the plant-based pork market. The production of plant-based pork products that closely mimic their animal-based equivalents in terms of flavor, texture, and presentation has been made possible by the introduction of new technology and processing techniques.

The pork alternative meat market has witnessed a substantial upsurge in recent times, with the growing demand for vegan pork substitutes and plant-based meat products. As more consumers become aware of the health and environmental benefits of plant-based diets, the plant-based pork market has experienced remarkable growth.

Products made from soy, wheat, and pea protein, as well as plant-based meat products made from jackfruit, mushrooms, and other vegetables, are among the popular option available in the vegan pork substitute market. These products can be used in various dishes, including burgers, sausages, and stir-fries.

Growing consumer interest in vegetarian and vegan diets, as well as flexitarian and reducetarian lifestyles, is another powerful determinant driving the expansion of the plant-based pork market. These diets are inspired by an array of things, such as health concerns, ethical considerations, and cultural and religious convictions, and they are anticipated to continue to gain popularity during the forecast period.

Regarding trends, the market is seeing a wide range of innovative disruptions, including the creation of novel plant-based ingredients and the use of cutting-edge production processes, such as the use of environmentally friendly packaging options. The market is about to undergo a transformation, which is likely to open up new prospects for market participants.

Growing consumer interest in plant-based pork rinds, which are produced using plant-based components including cassava, lentils, and peas, is another significant development in the market. These alternatives to typical pork rinds, which are frequently loaded with fat and calories, provide a healthier and more morally acceptable option.

As more businesses invest in research and development to produce innovative and long-lasting plant-based pork products, opportunities in the plant-based meat market are abundant. Also, there is a tremendous possibility for industry participants to expand due to the rising demand in emerging economies for plant-based meat alternatives. With the growing consumer demand for sustainable and healthier food options, the plant-based pork market offers a vast potential for growth and profitability, especially in emerging markets where meat consumption is traditionally high.

Attributes Details
Plant-based Pork Market Value (2023) US$ 1.88 billion
Plant-based Pork Market Expected Value (2033) US$ 16.72 billion
Plant-based Pork Market Projected CAGR (2023 to 2033) 24%

FMI analysis indicates that pork is popular meat among a large number of people. The negative consequences of pork slaughter have resulted in the introduction of novel products as substitutes.

Plant-based pork is one such option. As a result, the growing acceptance of plant-based meats as a viable alternative is likely to ensure ample growth opportunities for the global plant-based pork market during the forecasted period.

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How Does Plant-based Pork Market Historic and Future Outlook Compare?

The plant-based pork market is projected to register a CAGR of 24% between 2023 and 2033. Historically, the market presented moderate growth from 2018 to 2022, exhibiting a CAGR of 1.6%.

The plant-based pork market is a relatively new and emerging industry. From 2018 to 2022, the plant-based food market as a whole experienced significant growth, driven by changing consumer preferences in addition to increasing awareness of the environmental and health impacts of meat consumption. This growth was predominantly noticeable in the plant-based meat market, which includes products such as plant-based pork.

Rising demand for plant-based pork has prompted key global market players to invest in these alternatives, owing to the clear potential they are expected to offer in the coming years. These products, which were once thought to be niche categories within the food sector, have received significant investments from key industry investors.

As the plant-based trend continues to grow, people are eating more fruits, vegetables, legumes, nuts, and seeds. There are also a variety of health benefits associated with plant-based products, which consumers are becoming more aware of recently. Excessive consumption of animal-based meat may lead to diet-related diseases like obesity, type 2 diabetes, heart disease, and certain cancers.

On the other hand, consuming plant-based meat does not result in such diseases. Furthermore, they aid in the development of stronger immunity. The nutritional benefits of plant-based meats, as well as their safety when compared to conventional meat, are also important factors that have contributed to gaining consumer attention.

Attribute Details
2018 US$ 1.70 billion
2021 US$ 1.76 billion
2022 US$ 1.80 billion
2023 US$ 1.88 billion
2033 US$ 16.72 billion

The plant-based pork market is experiencing a significant surge in popularity as consumers are becoming increasingly aware of the negative environmental impact of traditional meat production and consumption. This offers different growth prospects throughout the short-term, medium-term, and long-term horizons.

  • Short Term (2023 to 2026): As customers look for healthier and more sustainable food alternatives, the sector is primed for tremendous expansion. The popularity of plant-based diets has already grown significantly and the demand for plant-based pork products is expected to follow suit. Businesses that can swiftly react to this trend by offering inventive and high-quality plant-based pork products are likely to have a competitive advantage in this market.
  • Medium Term (2026 to 2029): As more customers become mindful of the adverse ecological implications of meat production, the market is projected to continue to rise steadily. This is particularly pertinent in developed markets where customers are growing healthier and ecologically conscientious. Government incentives and regulatory assistance are also expected to be offered to encourage the consumption of plant-based meat substitutes. This is likely to foster a supportive environment for companies that invest in creating and promoting cutting-edge plant-based pork products.
  • Long Term (2029 to 2033): The demand for protein-rich food sources is rising along with the global population rise, which is likely to bode well for the plant-based pork industry. Pork alternatives made from plants are more ethical and environmentally friendly than traditional meat products. In addition, innovations in technology as well as procedures for producing plant-based meat are projected to lower production expenses while improving product quality, making plant-based pork products more widely available and more reasonably priced. These factors are anticipated to fuel market expansion in a long run.

These factors are anticipated to support a 9X increase in the plant-based pork market between 2023 and 2033. The market is projected to be worth US$ 16.72 billion by the end of 2033, according to FMI analysts.

Market Statistics Details
H1, 2021 24%
H1, 2022 Projected (P) 24%
H1, 2022 Outlook (O) 24%
BPS Change (H1'21 - H1'22 O) 23.5%
BPS Change (H1'21 O - H1'22 P) 23%
H2, 2021 23%
H2, 2022 Projected (P) 24%
H2, 2022 Outlook (O) 23%
BPS Change (H2'21 - H2'22 O) 23%
BPS Change (H2'21 O - H2'22 P 22%

How is the demand for natural ingredients driving the market growth?

Consumers have become wary of meat consumption as a result of the rising prevalence of various chronic ailments and repeated pandemic outbreaks around the world. As a result, there is a visible increase in demand for products made from organic and natural ingredients with no additives.

This bodes well for plant-based pork products, which use minimal or no artificial ingredients. Manufacturers are also exhibiting a paradigm shift toward more natural ingredients in the production of popular food items. This shift in manufacturer behavior is likely to aid market growth.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Comparative Analysis of Adjacent Plant-based Pork Market

Plant-based Pork Market:

Differentiating Aspects Plant-based Pork Market
CAGR (2023 to 2033) 24%
Market Valuation in 2023 US$ 1.88 billion
Projected Market Value in 2033 US$ 16.72 billion
Growth Factors Various chronic ailments have made consumers more cautious about meat consumption, which has led to an increase in the demand for organic and natural products without additives
Opportunities With plant-based meats becoming more popular as a viable alternative, the global plant-based pork market is expected to enjoy extensive growth opportunities
Key Trends The plant-based pork industry is experiencing tremendous growth due to increasing awareness about reducing animal depletion rates

Plant-based Beverages Market:

Differentiating Aspects Plant-based Beverages Market
CAGR (2023 to 2033) 14.3%
Market Valuation in 2023 US$ 34.13 billion
Projected Market Value in 2033 US$ 129.90 billion
Growth Factors Consumers are increasingly demanding nutritious and allergy-free drinks, so soy-based beverages are expected to grow steadily. Vegetarian and plant-based foods and beverages are designed to increase immunity and maintain overall health, so consumers are focusing on simple, nutritious foods and beverages
Opportunities There is an increase in the number of lactose intolerance cases, particularly in developed regions, resulting in an opportunity for vegan beverages, which has led to the expansion of the plant-based beverage industry
Key Trends A rising prevalence of lactose intolerance and food allergies has led to a significant increase in the vegan population

Probiotic Drink Market:

Differentiating Aspects Probiotic Drink Market
CAGR (2023 to 2033) 6.1%
Market Valuation in 2023 US$ 17.06 billion
Projected Market Value in 2033 US$ 30.84 billion
Growth Factors Consumers have grown more accustomed to drinking ready-to-drink (RTD) functional beverages such as probiotic drinks and available beverages with a high nutritional value and low-calorie content, as opposed to carbonated drinks
Opportunities With manufacturers continuing to innovate with their various flavors and tastes, the probiotic drink market is expected to boom in the coming years
Key Trends Market growth has been attributed to the availability of ready-to-drink products for on-the-go consumption

United States Sees Surge in Plant-Based Pork Market as Environmental and Ethical Concerns Mount

North America is one of the highly profitable regions, accounting for a sizable portion of the market. Because of changing consumption patterns, rising flexitarian and vegan diets, rising environmental concerns, and an ever-increasing demand for better-for-you products in North America, the market is expected to grow at a remarkable CAGR. The United States is the leading market, owing to raising public awareness of the health benefits of plant-based pork and government initiatives.

The burgeoning United States plant-based pork market has been undergoing a dramatic rise, exemplifying a progressively conscious shift in consumer behavior towards a sustainable and empathetic lifestyle. The meat alternatives market has expanded to include different innovative plant-based offerings that carefully replicate the taste, texture, and nutritional content of conventional animal-derived meats, including pork. At the height of the Covid-19 pandemic, sales of plant-based meat increased significantly as consumers in the United States experimented with novel foods at home and certain customers went to alternative meat for health grounds.

In 2022, the United States accounted for 27.1% of the share of the global market. The proliferation of plant-based pork in the country has been fueled by a confluence of factors, ranging from rising concerns about the environmental impact of meat production to the ethical treatment of animals in the food industry. This shift in consumer demand has paved the way for a more sustainable and compassionate future, where individuals are empowered to make choices that align with their values and promote a healthier, more equitable planet. As a result, the market in the United States has seen an unprecedented surge in popularity, with numerous companies vying for a share of the burgeoning market.

The plant-based pork market in the United States is currently being serviced by a wide range of companies. These companies are leveraging different protein sources to create products that mimic the taste and texture of traditional pork. Prominent market players in the United States include Beyond Meat, Impossible Foods, MorningStar Farms, Gardein, and Tofurky. These companies have made significant strides in the industry, with a few of them even collaborating with large fast-food chains to provide plant-based pork options to their menus.

Beyond Meat, for example, has partnered with various food retailers such as Dunkin Donuts, Pizza Hut, and Subway to offer plant-based pork products. Impossible Foods has also made significant inroads into the fast-food industry, with Burger King featuring its Impossible Whopper, made with plant-based pork, on its menu.

Other companies like MorningStar Farms, Garde in, and Tofurky, are long-standing players in the plant-based protein industry and have expanded their product lines to include plant-based pork options as well. These companies are focusing on developing more diverse and innovative plant-based pork products, such as plant-based pork sausages and plant-based pork chops, to cater to the growing demand from consumers.

Certain new startups are also making a name for themselves in the plant-based pork market. For instance, the San Francisco-based startup, Hooray Foods, has created plant-based bacon made from coconut oil and rice flour. Another example is the Colorado-based startup, Planterra Foods, which recently launched a plant-based pork product called OZO, made from pea protein.

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Veganism Goes Mainstream in the United Kingdom as Plant-Based Pork Surges in Popularity

The burgeoning United Kingdom plant-based pork market has given rise to different innovative and ethically-driven products that are reforming the food landscape of the nation. As consumers progressively incline towards sustainable and healthful food choices, plant-based pork has emerged as an absolute force to be reckoned with, replete with fresh textures and tastes that rival their animal-derived counterparts.

Certainly, the proliferation of plant-based pork products has catalyzed a paradigm shift in the dietary habits of many individuals, who are now gravitating towards a more sustainable and compassionate approach to their consumption patterns like veganism. This seismic transformation has not gone unnoticed by the food industry. This has taken note of the unprecedented growth and profitability of the plant-based pork market. In light of this, it is clear that the market in the United Kingdom is set to enjoy a sizable and long-lasting increase in demand as consumers grow more sophisticated and careful about their dietary choices.

Several United Kingdom-based manufacturers have established a foothold in the plant-based pork market, each with their own unique approach and product offerings. For instance, Quorn is a popular brand that has been offering meat-free alternatives for several decades. In recent years, they have expanded their product range to include plant-based pork products such as sausage rolls, pepperoni slices, and ham slices.

Moving Mountains, on the other hand, is a relatively new player in the plant-based meat industry, but has quickly gained a reputation for producing high-quality, innovative products. Their plant-based pork is made using a combination of pea protein, soy protein, and wheat gluten, and is available in the form of meatballs, mince, and sausages. Furthermore, Meatless Farm has been offering plant-based meat alternatives since 2018. They recently expanded their product range to include plant-based pork products such as sausages and mince, which are made using a blend of pea protein, rice protein, and soy protein.

These producers are making significant investments in research and development to enhance the flavor, texture, and nutritional value of their plant-based pork products. They are also looking at fresh approaches to product innovation, such as the usage of fresh ingredients and manufacturing processes. These businesses are in a strong position to have a substantial impact on how this industry develops in the future since the market in the United Kingdom is anticipated to maintain its development trajectory. As a result, the market in the United Kingdom is projected to rise at a 19.7% CAGR during the forecast period.

Germany's Shift towards Sustainable Eating Fuels Demand for Plant-Based Pork

Innovative plant-based pork products have sparked a radical shift in Germany's food scene, with discerning customers opting for delicious and healthful substitutes for conventional pork. The increase of plant-based pork options across the nation's food landscape, from upscale eateries to fast-food chains and supermarkets, is a reflection of this trend. Germany held 11.2% of the global market share in 2022.

Germany is increasingly well-known overseas for its vegetarian and vegan cuisine in addition to its Schnitzels and sausages. The maximum number of citizens of Germany, more than 35 million people, follow vegetarian or vegan diets that exclude meat. The expanding population of meat-free eaters has distinct requirements from conventional vegans and vegetarians. They seek products that resemble meat like plant-based pork.

Germany is adopting plant-based diets as part of its proposed National Nutrition Plan, a foundation of which advocates a change to a plant-based diet in the country's food industry as a step to enhance public health while minimizing climate effects. Guided by the German Nutrition Society (DGE) and the Planetary Health Diet, the German government seeks to develop an inclusive nutrition plan that ignites a change in the food system through measures that prioritize early education and accessibility.

The Germany plant-based pork market has experienced remarkable growth in recent years, with a plethora of plant-based meat startups and established food companies vying for a slice of the proverbial pie. Among the key players in this market are Beyond Meat, Impossible Foods, Nestle, Oumph!, and Vivera, each of whom is making significant strides to establish themselves as market leaders.

Beyond Meat, for instance, has launched a plant-based sausage product in Germany, expanding its range of plant-based meat alternatives in the country. The company has also established partnerships with several leading food retailers in the country, including Lidl and Aldi, to increase the accessibility and availability of its products to consumers.

Nestle, one of the leading food companies in the world, has also entered the German plant-based pork market with its Garden Gourmet brand. The company has been investing in research and development to create a diverse range of plant-based pork products, including burgers, sausages, and mince, to cater to the growing demand for meat alternatives in the country.

Plant-Based Pork Craze Sweeps China as Consumers Seek Healthier and More Sustainable Food Options

The rising demand for natural plant-based pork in China has prompted manufacturers to increase the production of plant-based pork, which is known to provide a unique combination of health and taste. This is expected to boost regional market growth.

The current trend of raising animal welfare awareness has aided people in quitting the animal-based diet. This has fueled the global plant-based pork market even more. The growing environmental impact of excessive animal slaughter and an increase in investor interest is driving up demand for plant-based pork.

FMI estimates that the China plant-based pork market could proliferate at a CAGR of 16.7% until 2033. Veganism has grown in popularity in the West during the past ten years, which has sped up the creation of meat substitutes. Artificial meat, though occasionally viewed as a better alternative to animal meat, is not a novel idea, particularly in China. The plant-based meat market has shown significant development potential as a result of the growing health consciousness of consumers in China.

In order to advance food security, environmental protection, and public health, the Chinese government has included the growth of the plant-based food business in its national strategy for the food industry. In addition, the government is providing incentives and assistance to businesses that are making investments in the plant-based food industry.

The potential of the sector seems to be gaining Beijing's attention. The Ministry of Agriculture and Rural Affairs includes planted meats and other "future foods" as part of its pathway for food security in its recent development plan, which was published in January 2022. For China to achieve its goal of being carbon neutral by 2060 in terms of greenhouse gas emissions, a decrease in the production of meat is likely to fuel market expansion.

Several key players in the plant-based food industry have entered the Chinese market to tap into this growing demand. Companies such as Impossible Foods, Beyond Meat, and Tyson Foods have launched their plant-based pork products in China, while local players such as Starfield and Whole Perfect Food have also emerged.

Impossible Foods launched its plant-based pork product in China in 2021, which is made from soy protein, potato protein, and other plant-based ingredients. The company has partnered with several top restaurant chains in China to offer its product, including Burger King, Starbucks, and Yum China's KFC. Furthermore, Beyond Meat launched its plant-based pork product in China in 2020, which is made from pea protein and rice protein.

Starfield launched its plant-based pork product in 2021, which is made from soy protein and wheat protein. The company has partnered with several top restaurant chains in China, including Haidilao, a popular hotpot chain. On the other hand, Whole Perfect Food has been in the plant-based food industry since 1993 and offers a range of plant-based meat alternatives, including plant-based pork. The company has its own distribution channels and sells its products in retail stores and restaurants.

Plant-Based Pork Sales Surge in India as Consumers Embrace Sustainability and Health Trends

One of the primary variables affecting the market is the numerous non-governmental organizations (NGOs) functioning in India that are now raising awareness about animal rights. Also, the industry is expanding because of the growing consumer interest in plant-based diets for ethical and health reasons. Also, the market is benefiting from the increasing use of plant-based meats in food products including burgers, sausages, ham, and meatballs. In addition, the market is expanding owing to the increasing consumption of these meats among the general population to address protein deficiencies. The market is also intensifying as a result of India's rising desire for plant-based meats to fight obesity, digestive issues, and non-communicable illnesses.

India was cited in a study from the United States Department of Agriculture as "a burgeoning market for plant-based meat substitutes" in May 2021. The survey stated customers in India have a strong tradition of consuming soybeans, jackfruit, and lentils for protein and added they consider plant-based meat alternatives as very inventive, trendy, nutritious, and ecologically friendly.

Although it is still in its infancy, the India plant-based food market is growing rapidly. Certain key players in the broader plant-based food market in India include startups such as Good Dot, Veggie Champ, and Blue Tribe Foods, as well as larger companies such as Tata Consumer Products, which has recently launched a line of plant-based meat alternatives.

In light of the aforementioned developments, the plant-based pork market in India is poised for unprecedented growth and is set to redefine the future of the food industry in the country, while also contributing to the larger global discourse on sustainable and ethical food practices. Thus, the market in India is expected to grow significantly, exhibiting a noteworthy CAGR of 14.3% through 2033.

Plant-based Pork Market: Unveiling Market Dynamics through Segment-wise Analysis

Segment Product Type
Attributes Burger Patty
Global Value Share (2022) 41%
Segment Source
Attributes Soy-based Protein
Global Value Share (2022) 40%
Segment Distribution Channel
Attributes HoReCa
Global Value Share (2022) 46%

What is the market outlook for burger patty?

FMI expects the burger patty to maintain its market lead throughout the assessment period. The segment's growth is primarily attributed to manufacturers' constant modifications to improve the taste and nutritional value of the product. Following the burger patty, the sausages segment is expected to grow rapidly by the end of 2023.

Recent years have seen a sharp increase in the plant-based pork market as more people look for alternatives to traditional meat products. The burger patty category stands out among the numerous product categories available in this market as a significant driver of development and innovation. The burger patty, a staple of traditional American cuisine, has become a well-liked and adaptable choice for plant-based meat alternatives, which is the reason for this.

Since it can be prepared using different flavor profiles, textures, and cooking techniques, the burger patty has shown to be an excellent palette for the unique exploration and presentation of plant-based pork products. As a result, there are now various inventive plant-based burger patties available to suit many customer tastes, including those who are looking for healthier, more environmentally responsible, or animal welfare-conscious solutions.

The prominence of fast food chains and quick service restaurants, which are increasingly embracing plant-based alternatives following changing customer needs, has also helped to support the burger patty category. As a result, there are now more chances for producers of plant-based pork to work with top food service companies and broaden their customer base.

How is the soy-based segment expected to perform?

According to the source, the soy-based segment currently leads the global market. Because of its high protein content and meat-like texture, FMI expects this segment to remain dominant throughout the forecast period. The growing health concerns raised by the consumption of animal protein-sourced foods, as well as the adoption of flexitarian and vegetarian diets, are driving the segment's growth. During the forecast period, the segment is expected to grow at a remarkable CAGR.

For a very long time, soy-based protein products have been a well-liked component in the plant-based sector, and it is frequently utilized as a source of protein in several plant-based meat products, notably substitutes for pork. Many people choose soy-based products because of their flavor, texture, and nutritional content.

Since soy-based protein sources can be processed to replicate the texture and flavor of real pork, they are widely used in the plant-based pork industry. Soy protein can be extruded and texturized to produce products with a meat-like texture and flavorings can imitate the flavor of pork.

How are retail chains going to perform?

The HoReCa segment currently leads the market. According to FMI, the retail channel is likely to gain traction and become dominant by the end of the forecast year. Because of the increasing penetration of the internet and smartphones, sales through online stores are also increasing.

The demand for meat substitutes is often larger in HoReCa venues than in homes. This can be the result of different factors, including consumer ethical, environmental, or health concerns. They could be more open to attempting novel plant-based meat alternatives, such as plant-based pork, as a consequence.

With its greater purchasing power, the HoReCa industry could be able to get better arrangements from producers of plant-based pork. The price of plant-based pork products could decrease as a consequence, making it more appealing for HoReCa eateries to include them on their menus. Consumer behavior and food trends are significantly influenced by HoReCa businesses. By offering pork meals made from plants, restaurants can encourage more people to be aware of plant-based alternatives.

Innovations in Plant-based Protein Technology Spark Intense Competition among Plant-based Pork Market Players

Plant-based pork is becoming an increasingly popular alternative to traditional pork products. Manufacturers in the plant-based pork market are working to develop and market products that meet the growing demand for meat alternatives among consumers.

The market is attracting new entrants due to the potential for high profits and the growing demand for meat alternatives. For example, companies like Beyond Meat and Impossible Foods are already established players in the plant-based meat market and are expanding their offerings to include plant-based pork products.

Suppliers of key ingredients such as pea protein and soybeans have significant bargaining power in the plant-based pork market. This is because there are a limited number of suppliers for these ingredients, which can drive up prices. For example, Beyond Meat has had to negotiate prices with suppliers for key ingredients like pea protein to ensure that they can maintain competitive prices for their products.

Buyers in the market have significant bargaining power due to a large number of competitors in the market. This can lead to price wars and intense competition among manufacturers. For example, when Impossible Foods launched its plant-based pork product, it priced it at the same level as its ground beef product to attract buyers.

There is a high threat of substitutes in the market, as consumers can choose from a variety of meat alternatives such as plant-based chicken or beef products. This makes it important for manufacturers to differentiate their products through branding and marketing. For example, Nestle's Sweet Earth brand has developed a line of plant-based pork products that feature unique flavors and ingredients, such as its Hawaiian BBQ Grounds.

The plant-based pork market is highly competitive, with several established players vying for market share. This can lead to intense rivalry among existing competitors, with manufacturers trying to differentiate themselves through taste, texture, and nutritional content. For example, Kellogg's Incogmeato brand has focused on developing plant-based pork products that offer a meat-like taste and texture, while still being low in calories and fat.

In summary, manufacturers in the market are facing a range of challenges related to the competitive nature of the industry, the bargaining power of suppliers, and the need to differentiate their products from other meat alternatives. However, there are also significant opportunities for growth in this market, particularly as more consumers seek out sustainable and healthy alternatives to traditional pork products.

Top Market Players and their Recent Developments in the Plant-based Pork Market

Impossible Foods, Inc.: Together with other food products, Impossible Foods also makes plant-based meat substitutes. Its goal is to provide consumers with a more sustainable and healthful substitute for conventional meat products. The Impossible Burger, a plant-based burger created to look and taste like a classic burger, is the company's signature item. Impossible Foods has added plant-based meat substitutes including Impossible Sausage, Impossible Ground, Impossible Pork, and Impossible Chicken to its lineup of goods in addition to its burgers.

  • In September 2021, the commercial release of Impossible Pork Made From Plants, which is now accessible in Hong Kong eateries, was announced by Impossible Foods.
  • In January 2020, Plant-based pork was introduced by Impossible Foods. In a limited-time test of the Impossible ™ Croissan'wich®, Impossible Foods also introduced Impossible Sausage, which made its debut in late January at 139 Burger King® restaurants.

Tyson Foods, Inc.: Chicken, beef, and pork are processed and marketed by Tyson Foods Inc. Tyson Foods provide a variety of chicken, beef, and hog products in addition to prepared dishes such tortillas, bacon, morning sausage, hot dogs, lunchmeat, and pizza crusts and toppings. In recent years, Tyson Foods has also entered the plant-based food market. The company's plant-based product portfolio includes Raised & Rooted, Yappah, Aidells Whole Blends, Green Street, and The Blend.

  • In November 2022, Raised & Rooted, a brand of plant-based protein from Tyson Foods has announced its introduction in Europe, marking the company's first international expansion. In addition, the business disclosed that it's going to launch its European Raised & Rooted line, which consists of five different plant-based products, among European food service clients.
  • In May 2021, to accommodate the rising demand for plant-based protein sources, Tyson Foods' brand of plant protein products extended its lineup with three additional items. The firm now offers ground, Bratwurst, and Italian sausages created from unique plant-based ingredients.

Smithfield Foods: One of the leading producers and processors of pork in the world is Smithfield Foods. The Smithfield portfolio includes deli meats, prepared dishes, and famous, high-quality products of fresh pork. In addition to its traditional meat products, Smithfield Foods has also ventured into the plant-based food market with its Pure Farmland brand. The products are made from a variety of plant-based ingredients such as soy, wheat, and pea protein, and are designed to mimic the taste and texture of real meat products.

  • In August 2020, Smithfield Foods stated that it has begun selling new versions of plant-based meat products that contain non-GMO soy, more protein, less salt, and less saturated fat.
  • In August 2019, the development of a line of plant-based proteins under the Pure Farmland™ brand was announced by Smithfield Foods, Inc. For breakfast, lunch, supper, and appetizers, the new line offers a choice of breakfast patties, meatballs, burger patties, and pre-seasoned protein starters to assist consumers to expand their plant-based protein alternatives.

Key Players

  • Impossible Foods, Inc.
  • Gardein by Conagra Brands
  • Cargill, Inc.
  • Smithfield Foods
  • MorningStar Farms
  • Archer Daniels Midland Company
  • Symrise
  • Roquette Frères S.A.
  • Tyson Foods, Inc.
  • Sotexpro SA
  • Crown Soya Protein Group
  • Puris Proteins, LLC
  • Ingredion Inc
  • Beneo GmbH
  • Glanbia plc
  • Fuji Oil Co., Ltd.

Plant-based Pork Market by Category

By Distribution Channel, Plant-based Pork Market is Segmented as:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Services

By Source, Plant-based Pork Market is Segmented as:

  • Soy-based Protein
  • Wheat-based Protein
  • Pea-based Protein

By Product Type, Plant-based Pork Market is Segmented as:

  • Burger Patty
  • Crumbles & Grounds
  • Sausages

By Region, Plant-based Pork Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

Frequently Asked Questions

Who are the Key Market Players?

Impossible Foods, Beyond Meat, and JUST are key market players.

How Big is the Plant Based Pork Market?

The global plant based pork market is valued at US$ 1.88 billion in 2023.

Which is the Key Segment by Product Type?

Plant-based sausages are likely to remain preferred through 2033.

Which is the Go-to-Market Strategy?

Players opt for product launches and strategic partnerships.

Which are the Key Asian Countries in the Plant Based Pork Market?

China, Japan, and India dominate the Asian market.

Table of Content

1. Executive Summary | Plant based Pork 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 Buyer’s

    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 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 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 2018 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, 2018 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

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 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, 2018 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

    6.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033

7. Global Market Analysis 2018 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, 2018 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. Hypermarkets/Supermarkets

        7.3.2. Convenience Stores

        7.3.3. Specialty Food Services

    7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033

8. Global Market Analysis 2018 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, 2018 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. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 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 USA

            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 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 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. Brazil

            10.2.1.2. Mexico

            10.2.1.3. 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 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 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. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. 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. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 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

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        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. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 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. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        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. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Product Type

            14.1.2.2. By Source

            14.1.2.3. By Distribution Channel

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Product Type

            14.2.2.2. By Source

            14.2.2.3. By Distribution Channel

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Product Type

            14.3.2.2. By Source

            14.3.2.3. By Distribution Channel

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Product Type

            14.4.2.2. By Source

            14.4.2.3. By Distribution Channel

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Product Type

            14.5.2.2. By Source

            14.5.2.3. By Distribution Channel

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Product Type

            14.6.2.2. By Source

            14.6.2.3. By Distribution Channel

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Product Type

            14.7.2.2. By Source

            14.7.2.3. By Distribution Channel

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Product Type

            14.8.2.2. By Source

            14.8.2.3. By Distribution Channel

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Product Type

            14.9.2.2. By Source

            14.9.2.3. By Distribution Channel

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Product Type

            14.10.2.2. By Source

            14.10.2.3. By Distribution Channel

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Product Type

            14.11.2.2. By Source

            14.11.2.3. By Distribution Channel

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Product Type

            14.12.2.2. By Source

            14.12.2.3. By Distribution Channel

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Product Type

            14.13.2.2. By Source

            14.13.2.3. By Distribution Channel

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Product Type

            14.14.2.2. By Source

            14.14.2.3. By Distribution Channel

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Product Type

            14.15.2.2. By Source

            14.15.2.3. By Distribution Channel

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Product Type

            14.16.2.2. By Source

            14.16.2.3. By Distribution Channel

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Product Type

            14.17.2.2. By Source

            14.17.2.3. By Distribution Channel

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Product Type

            14.18.2.2. By Source

            14.18.2.3. By Distribution Channel

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Product Type

            14.19.2.2. By Source

            14.19.2.3. By Distribution Channel

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Product Type

            14.20.2.2. By Source

            14.20.2.3. By Distribution Channel

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Product Type

        15.3.3. By Source

        15.3.4. By Distribution Channel

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Impossible Foods, Inc.

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Omni Foods

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Cargill, Inc.

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Smithfield Foods

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. MorningStar Farms

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Archer Daniels Midland Company

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Symrise

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Roquette Frères S.A.

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Tyson Foods, Inc.

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Sotexpro SA

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

        16.1.11. Crown Soya Protein Group

            16.1.11.1. Overview

            16.1.11.2. Product Portfolio

            16.1.11.3. Profitability by Market Segments

            16.1.11.4. Sales Footprint

            16.1.11.5. Strategy Overview

                16.1.11.5.1. Marketing Strategy

                16.1.11.5.2. Product Strategy

                16.1.11.5.3. Channel Strategy

        16.1.12. Puris Proteins, LLC

            16.1.12.1. Overview

            16.1.12.2. Product Portfolio

            16.1.12.3. Profitability by Market Segments

            16.1.12.4. Sales Footprint

            16.1.12.5. Strategy Overview

                16.1.12.5.1. Marketing Strategy

                16.1.12.5.2. Product Strategy

                16.1.12.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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