Supermarket Perimeter - May 2023 - 68

Meat & Poultry
based
PLANTConsumers
crave
convenience and health
By Hayley Hyer
KEY PLAYERS
* Beyond Meat
* Impossible Foods Inc.
* Maple Leaf Foods
(Field Roast & Maple Leaf)
* Vegetarian Butcher
* Conagra, Inc.
(Gardein Protein International)
BY 2030, THE GLOBAL PLANT-BASED MEAT MARKET is expected to increase to $24.8
billion at a compound annual growth rate (CAGR) of 24.9% from 2023 to 2030, according
to a report published in April by San Francisco-based Grand View Research, Inc.
" The growing concern of consumers regarding animal welfare and greenhouse gas
emission created by the distinguished practices of the meat industry, together with
celebrity endorsements of vegan/vegetarian diets are projected to augment the demand
for plant-based meat products in the global market, " according to the report.
The report also identifies the COVID pandemic as a main driver of the plant-based
category because it has led consumers to become more health-conscious. This
specifically applies to the burger category as consumers see plant-based burgers as a
healthier option than traditional beef burgers.
The current top three ingredients for plant-based meats are soy, pea protein and
wheat, with soy taking the lead.
" Soy-based product segment accounted for more than 48.55% of the revenue share
in the market in 2022, owing to its protein-rich content and widespread popularity, " the
report said.
A global market report on soy protein from Dublin-based Research and Markets
released in April predicted a CAGR of 9.8% for the global soy protein market.
" The market's revenue growth is propelled by several factors, including an increasing
number of fitness enthusiasts and a trend toward healthy eating habits, " the report
said. " Additionally, the market is driven by a growing working population and a rise in
the number of vegans. Soy protein is a complete source of protein found in soybeans,
containing 90% protein, and helps with weight loss, muscle building and energy
increase. Soy protein is comparable to animal proteins like eggs, chicken and dairy
68 - MAY 2023
supermarketperimeter.com
* Kellogg NA Co.
(MorningStar Farms)
* Quorn
* Amy's Kitchen, Inc.
* Tofurky
* Gold&Green Foods Ltd.
* Sunfed
* VBites Foods Limited
* Kraft Foods, Inc.
* Lightlife Foods, Inc
* Trader Joe's
* Yves Veggie Cuisine
(The Hain-Celestial Canada, ULC)
* Marlow Foods Ltd. (Cauldron)
* Ojah B.V.
* Moving Mountains
* Eat JUST Inc.
* LikeMeat GmbH
* Gooddot
* OmniFoods
* No Evil Foods
* Dr. Praeger's Sensible Foods
Source: Grand View Research
Impossible Foods, Matrix F.T.

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Supermarket Perimeter - May 2023

Table of Contents for the Digital Edition of Supermarket Perimeter - May 2023

Supermarket Perimeter - May 2023 - Intro
Supermarket Perimeter - May 2023 - FC 1
Supermarket Perimeter - May 2023 - FC 2
Supermarket Perimeter - May 2023 - 1
Supermarket Perimeter - May 2023 - 2
Supermarket Perimeter - May 2023 - 3
Supermarket Perimeter - May 2023 - 4
Supermarket Perimeter - May 2023 - 5
Supermarket Perimeter - May 2023 - 6
Supermarket Perimeter - May 2023 - 7
Supermarket Perimeter - May 2023 - 8
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Supermarket Perimeter - May 2023 - 100
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-december-2024
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-november-2024
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https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-september-2024
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-august-2024
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-july-2024
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https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-december-2023
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-november-2023
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-october-2023
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-september-2023
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-august-2023
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https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-december-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-november-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-october-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-september-2022
https://digital.supermarketperimeter.com/sosland/sp/-supermarket-perimeter-august-2022
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https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-february-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-january-2022
https://digital.supermarketperimeter.com/sosland/sp/-supermarket-perimeter-december-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-november-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-october-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-september-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-august-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-july-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-june-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-may-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-april-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-march-2021
https://digital.supermarketperimeter.com/sosland/sp/2021_02_01
https://digital.supermarketperimeter.com/sosland/sp/2021_01_01
https://digital.supermarketperimeter.com/sosland/sp/2020_12_01
https://digital.supermarketperimeter.com/sosland/sp/2020_11_01
https://digital.supermarketperimeter.com/sosland/sp/2020_10_01
https://digital.supermarketperimeter.com/sosland/sp/2020_09_01
https://digital.supermarketperimeter.com/sosland/sp/2020_08_01
https://digital.supermarketperimeter.com/sosland/sp/2020_07_01
https://digital.supermarketperimeter.com/sosland/sp/2020_06_01
https://digital.supermarketperimeter.com/sosland/sp/2020_05_01
https://digital.supermarketperimeter.com/sosland/sp/2020_04_01
https://digital.supermarketperimeter.com/sosland/sp/2020_03_01
https://digital.supermarketperimeter.com/sosland/sp/2020_02_01
https://digital.supermarketperimeter.com/sosland/sp/2020_01_01
https://digital.supermarketperimeter.com/sosland/sp/2019_12_01
https://digital.supermarketperimeter.com/sosland/sp/2019_11_01
https://digital.supermarketperimeter.com/sosland/sp/2019_10_01
https://digital.supermarketperimeter.com/sosland/sp/2019_09_01
https://digital.supermarketperimeter.com/sosland/sp/2019_08_01
https://digital.supermarketperimeter.com/sosland/sp/2019_07_01
https://digital.supermarketperimeter.com/sosland/sp/2019_06_01
https://digital.supermarketperimeter.com/sosland/sp/2019_05_01
https://digital.supermarketperimeter.com/sosland/sp/2019_04_01
https://digital.supermarketperimeter.com/sosland/sp/2019_03_01
https://digital.supermarketperimeter.com/sosland/sp/2019_02_01
https://digital.supermarketperimeter.com/sosland/sp/2019_01_01
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