Plant-Based Beef Market- Trends, Outlook and Growth Opportunities | FMI Report

Posted by ankush Nikam on March 27th, 2020

Future Market Insights (FMI) presents it’s new, comprehensive study on the global Plant-Based Beef market spanning from 2020 to 2030. Researches at FMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Analysts at FMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.

Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research.

Impact of COVID-19 on PLANT-BASED BEEF Market

The unforeseen outbreak of COVID-19 is raising concerns in the foods & beverages space, and Plant-Based Beef market is not independent of it either. The pandemic has caused several changes - both on the supply and demand side - which are making market players rethink their strategies in order to stay afloat. On the demand-side, consumers are opting for healthy, non-perishable foods and the trend of panic-buying has witnessed an upsurge in the early stages of the outbreak. Although this is exhibiting a dual impact on the growth, supply-side issues such as unavailability of workforce and travel restrictions are hindering smooth operations.

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FMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Plant-Based Beef market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.

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PLANT-BASED BEEF Market: Segmentation

To simply the gargantuan study, the report is segregated on the basis of different segments.

By Distribution Channel:

• Retail
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Food Services
• Online Retail
• HoReCa ( Food Service Sector )

By Source:

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava bean-based Protein
• Potato-based Protein

By Product Type:

• Burger Patty
• Crumbles and Grounds
• Sausages
• Hot Dogs
• Nuggets

The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.

PLANT-BASED BEEF Market: Competition Analysis

 The study bestows valuable insights into the competitive landscape of the global PLANT-BASED BEEF market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to cut costs, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include

• MorningStar Farms
• Archer Daniels Midland Company
• Symrise
• Roquette Frères S.A.
• Kellogg's

Key Questions Answered in FMI’s PLANT-BASED BEEF Market Report

1. Which region is anticipated to hold a prominent market share over the forecast period?
2. What will be the key driving factor propelling the demand for Plant-Based Beef during the forecast period?
3. How current socio-economic trends will impact the Plant-Based Beef market?
4. What are the growth strategies implemented by prominent players in the Plant-Based Beef market to maintain their foothold in the competitive landscape?