Prepared for Mark G. | Delivered November 23, 2019
Plant-based Beef & Pork markets
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To obtain insights into what comprises the plant-based beef & pork markets, specifically what form factors plant-based beef comes in and what form factors plant-based pork comes in.
Plant-Based Meat Market
According to Research and Markets, the US plant-based meat market size is projected to hit $3 billion by 2024, expanding at
CAGR of over 24%
Plant-based meat mostly comes in the
form of burgers
. Big companies in this space, such as Impossible Foods and Beyond Meat, are widely known for their burgers that are trending as plant-based alternatives to red meat.
Reports also indicate that plant-based meat also comes in the
form of vegan meatballs
in sauces served as a snack on a toothpick.
It is also being
sliced to sandwich
in between bread to bring a variety of options for the non-meat-eating population.
In the plant-based market,
are the most common.
variety of vegan sausages
are already available on the market, such as Quorn vegan Cumberland sausages and Heck vegan sausages.
Impossible Foods is working on
launching vegan sausage
for the US market.