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The plant-based chicken market is expected to record a CAGR of 18.4% from 2023 to 2033, from US$ 2,325.4 million in 2023 to US$ 12,601.0 million by 2033.

Raising Public Knowledge of Animal Rights and Welfare through Global Welfare Groups

The world’s increased protein intake is the primary driver of the worldwide plant-based chicken business. Owing to the increased protein consumption, producers are more likely to offer consumers a selection of novel plant-based chicken products as an alternative to actual chicken. Plant-based chicken is gaining popularity since it tastes and looks like chicken pieces, nuggets, and steaks.

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Several government restrictions prohibiting animal slaughter in various nations are assisting the global market’s growth. The global market for plant-based chickens is advancing due to increased concern over maintaining the ecosystem’s equilibrium. Rising per capita and disposable income in developing countries is likely to promote global market growth. Increasing affluence leads to a better quality of life, and in emerging countries, a high level of living has boosted the market consumption of plant-based chicken. As people’s health knowledge grows, consumer tastes are shifting away from animal products and towards organic products.

This shift prompted the plant-based chicken business to broaden its menu and develop new items. Manufacturers have created appealing and eco-friendly food packaging in order to attract customers and expand their consumer base, consequently driving the global market growth.

This plausible link encourages customers to switch from animal products to herbal items. The increased popularity of organic products on social media and other print media is expected to drive the worldwide plant-based chicken market during the forecast period.

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Key Points from the Plant-based Chicken Market

·         The market is expected to surpass US$ 12,601.0 million by 2033.

·         Growing concerns about animal cruelty, combined with the advent of the meat 2.0 revolution, are likely to provide the global plant-based chicken market the most traction in the coming decade.

·         Plant-based chicken market is expected to record a CAGR of 18.4% during the forecast period.

·         North America dominated the plant-based chicken market.

Key Development in the Plant-based Chicken Market

• July 2019 – Dunkin Donuts announced to serve breakfast sandwiches made with the Beyond Meat brand of meatless sausage products throughout Manhattan, New York.
• October 2020 – Impossible Foods Inc. expanded its presence in the market in Canada with the introduction of its flagship product, the Impossible Burger. The product is offered in about 600 Sobeys family shops as well as through the retailer’s online grocery home delivery service.
• September 2020 – Beyond Meat introduced its new product, Beyond Meatballs, in grocery stores across the United States. This product met consumer demand for nutritious and simple-to-prepare plant-based food.
• September 2020 – Planterra Foods inked a three-year relationship with the NFL team Denver Broncos. As a result of this collaboration, the OZO brand was designated as the Denver Broncos’ Plant-Based Food Option.
• September 2020 – Beyond Meat Food Co. Ltd., a subsidiary of Beyond Meat, signed a deal with Jiaxing (China) Economic and Technology Development Zone to design and develop manufacturing facilities.

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Key Segment

Product Type:

• Burger Patty
• Crumbles & Grounds
• Sausages
• Hot Dogs
• Nuggets
• Bacon Chips
• Deli Slices
• Chunks & Tips
• Shreds
• Cutlet
• Strips, Tenders, & Fingers
• Meatballs (Meatless)

Source:

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentin-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

Distribution Channel:

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

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania

Middle East & Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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T: +1-845-579-5705
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With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion.

The veganism movement is being fueled by the growing environmental and animal rights consciousness among a sizeable portion of the population. People are now looking for meat substitutes as a result of this trend. Many people love pork, thus it’s a popular food.

The negative impacts of pork slaughter have led to the introduction of innovative products as alternatives. Pork made from plants is one such substitute. As a result, the market is likely to have plenty of room to develop as the use of plant-based meats as an alternative grows in popularity.

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The market is anticipated to be driven by growing consumer interest in plant-based diets and increased awareness of animal rights owing to numerous welfare groups. Vegan diets, in which people live vegetarian lifestyles free of animal-based foods, increasingly include plant-based meat as an essential component.

Veganism is becoming more popular among consumers for ethical and health reasons, while vegetarianism is becoming increasingly popular among customers who want to avoid animal cruelty and consume sustainable food and beverage options.

Increasing mushroom production and consumption, including that of oyster and button mushrooms, among others, is expected to also fuel market expansion in the years to come. The market is projected to rise during the projected period as a result of rising demand for goods made of plant-based ingredients such as tofu, soy, seitan, jackfruit, and others.

Overindulging in pork can result in diet-related disorders such as obesity, type 2 diabetes, heart disease, and several other malignancies. On the other hand, eating meat made from plants doesn’t result in these illnesses. Moreover, they support stronger immunity. Consumer attention is being drawn to a variety of significant considerations, including the nutritional advantages of plant-based pork and its safety when compared to traditional hog meat.

Pork products made from plants are largely taking the place of traditionally processed pork items like burgers and sausages. Pork made from plants has lower amounts of saturated fat, cholesterol, and calories than meat made from animals. They frequently have greater concentrations of micronutrients like calcium, zinc, and press.

North America led the market and generated the leading revenue share in 2022, and it is anticipated that it could continue to do so for the duration of the forecast period. Increased usage of vegetarian meat products and growing consumer awareness of the dangers of ingesting tainted meat products are both credited with driving market growth in this region. In reaction to the higher demand for plant-based foods, including plant-based meat, consumer perceptions of food sustainability and safety are likely to change even further.

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KEY TAKEAWAYS

• The market in the United States has grown significantly in 2022 holding a 27.1% share of the global market.
• The market in China is expected to grow at a CAGR of 16.7% over the forecast period.
• The market in the United Kingdom is anticipated to grow at a CAGR of 19.7% through 2033.
• With a CAGR of 14.3% over the forecast period, India is predicted to grow rapidly in the market.
• Germany accounted for 11.2% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the plant-based pork market are 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., and others.

To fulfill rising customer demand for eco-friendly and meatless options, producers in the plant-based pork industry are creating new products. They are developing products that resemble the flavor, texture, and look of pork using a range of plant-based components, including soy, wheat, and pea protein. To accomplish the rising demand for sustainable and healthier food choices, they are investing in research and development to create novel plant-based pork products. In order to increase their distribution and increase customer access to their products, they are also collaborating with eateries and stores.

RECENT DEVELOPMENTS

• In September 2021, Impossible Foods confirmed the commercial launch of their Impossible Pork Made From Plants, which is currently available at restaurants in Hong Kong.
• In May 2021, Tyson Foods’ portfolio of plant protein products was expanded with three new products to meet the growing need for sources of plant-based protein. The company now sells Italian, ground, and Bratwurst sausages made from distinctive plant-based components.

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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

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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According to recently published market study data on plant-based beef, the industry is anticipated to grow at a CAGR of 20.6% in value from 2023 to 2033, from an expected market value of USD 4.1 billion in 2023 to USD 26.9 billion.

The global food and beverage recent industry changes illustrate the growth in plant-based alternatives that has brought disruption. Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products.

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, texture, mouthfeel, and behave like the “genuine thing.”

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Key Takeaways from the Plant Based Beef Market Study

Future Market Insights (FMI) forecasts impressive growth of the Plant Based Beef market at over 22.7% CAGR between 2022 and 2032 Based on the source, the soy-based protein segment holds the dominance in the market for plant based beef, while wheat-based protein segments are expected to grow prominently in the forecasted period of 2022-2032.

Based on the product type, burger patty segment holds the dominance in the market for plant based beef As alternate protein gains traction in the market owing to the increasing awareness about the environmental impact of food choices consumers make, the majority of the population is shifting towards plant based beef and is expected to gain traction in near future Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products

New Product Development Fuelling Plant-Based Products Demand

Increasing demand for innovative products has paved the way for product development across frozen, chilled and ambient segments. This innovation helps consumers with a wider choice of brands and products, and allows plant-based beef to advance improved shelf space and recognition.

UK is the global leader for vegan food launches. In 2019 approximately 18% of new food launches were vegan. Tesco has developed wicked kitchen range of meat-free products.

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Who is winning?

A few of the leading players operating in the Plant Based Beef market are Impossible Foods, Inc., Gardein by Conagra Brands, 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. and other players.

Several leading manufacturers of Plant Based Beef are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of Plant Based Beef are investing in research and development to produce organic, non-GMO ingredients for Plant Based Beef.

Key Segments in Plant-based beef meat Market

By Source?

• Wheat
• Pea
• Quinoa
• Oats
• Beans
• Nuts
• seeds

By Product

• Plant-based beef jerky
• Plant-based beef patty
• Plant-based beef pot pie
• Plant-based beef stew
• Plant-based beef strips

By Process

• Mixing
• Blending
• Forming/Shaping
• Freezing Systems
• Storage

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Frequently Asked Questions
What is the plant-based beef market size?
At what rate did the plant-based beef Market Expand in The Last Five Years?
What are the key factors driving Plant-based beef market demand?
What is the United States Plant-based beef Market Outlook?
Which Countries are the highest consumers of Plant-based beef?
Which is the Highest-Grossing Region in the Global Plant-based beef Market?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Global citrus gummies market is expected to be valued at US$ 194 million in 2023 and to reach a valuation of US$ 304.1 million by 2033. The demand for citrus gummies is estimated to grow at a steady 5% CAGR.

The global citrus gummies market is driven by several factors, with increasing prevalence of communicable diseases being a key one. The growing incidence of communicable diseases, such as colds, flu, and other viral infections, weakens the immune system, and this is why citrus gummies are in high demand. These gummies are known to boost immunity and help in maintaining overall health, making them popular among consumers looking to improve their immune system and ward off diseases.

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The growing popularity of veganism is also driving the demand for citrus gummies that are free from animal products. As more people adopt vegan lifestyles, manufacturers are responding by using plant-based ingredients and labeling their products as vegan-friendly.

In addition, consumers are more aware of the ingredients in the food products they consume and are seeking clean label products. Citrus gummies are perceived as healthier alternatives to traditional supplements, as they are made from natural ingredients and are largely free of harmful chemicals. This growing consumer focus on clean label products is driving the demand for citrus gummies.

Finally, the expanding distribution channels are driving the adoption and growth of conventional citrus gummies in the global market. These gummies are now available through various distribution channels, such as supermarkets, online platforms, and drug stores, making them easily accessible to consumers. This increased availability is expected to drive their adoption and growth in the global market.

Overconsumption of citrus gummies can lead to side effects such as vomiting, diarrhea, and dehydration. These side effects tend to be more severe among children, necessitating guardians to monitor their consumption.

Citrus gummies that are gluten-free, dairy-free, and allergen-free tend to be more expensive to produce due to the limited availability of raw materials. This can result in higher prices for consumers and narrow the profit margins for manufacturers.

Citrus gummies typically contain high levels of sugar, which can be a concern for consumers, particularly those with diabetes or other health conditions that require them to limit their sugar intake. The high sugar content of citrus gummies can also contribute to tooth decay and other health problems.

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Key Takeaways

• North America is expected to remain a prominent region in the market, driven by the high incidence of autoimmune diseases and subsequent demand for nutritious food products.
• Organic citrus gummies are expected to be a flourishing trend, with more market players expanding their product portfolios and production capacities to facilitate production of organic citrus gummies.
• Durable and attractive packaging is considered a crucial factor influencing consumer behavior while purchasing, and manufacturers are focusing on attractive designs to grab consumer attention.
• Restraints of the market include the high sugar content of citrus gummies, which may restrict adoption among diabetic patients, and the high cost of production associated with gluten-free, dairy-free, and allergen-free citrus gummies.
• The expanding distribution channels, such as supermarkets, online platforms, and drug stores, are driving the adoption and growth of citrus gummies in the global market.

Competitive Landscape

The competitive landscape of the citrus gummies market is highly fragmented, with a large number of small and large players operating in the market. Some of the key players in the market include Pfizer Inc., Bayer AG, The Honest Company, Inc., Zanon Vitamec, Nutritional Brands, and Life Science Nutritionals, among others.

The market is witnessing significant investments from both established players and start-ups in R&D activities, product innovation, and expanding their geographical footprint.

Several start-ups are also emerging in the market, with a focus on developing unique and innovative products to cater to the evolving needs of consumers. Some of the notable start-ups in the citrus gummies market include OLLY, SmartyPants Vitamins, and Sundown Naturals, among others.

Overall, the market is highly competitive, and players are focusing on product differentiation, innovation, and expanding their distribution channels to gain a competitive edge.

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Key Segments

Nature:

• Organic
• Conventional

Customer Orientation:

• Children
• Adult

Packaging:

• Bottles & Jars
• Stand-Up Pouches
• Others

Sales Channel:

• Direct Sales
• Modern Trade
• Convenience Stores
• Departmental Store
• Specialty Store
• Drug Store/Pharmacies
• Online Retailers
• Other Sales Channels

Region:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific except Japan (APEJ)
• Middle East and Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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The global astaxanthin market is predicted to register a robust CAGR of 14.9% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 910.3 million in 2023 to US$ 3,636.8 million by 2033 end.

Demand for astaxanthin is projected to rise on account of its multiple applications in nutraceuticals, pharmaceuticals, feed industries, etc. Moreover, the distinct color and properties of astaxanthin are also propelling its demand in food coloring, commercial aquacultures, and other applications.

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New technologies emerging in the market to propel the production of astaxanthin are expected to enhance the market scope over the forecast period, for example, ALGAMO, which produces astaxanthin via micromodules and photobioreactors. The company is focusing on the minimization of water wastage and saving electricity during the production of astaxanthin. Going forward, research and studies carried out to develop astaxanthin with the help of different technologies by promoting economic and technical feasibility are projected to have a positive influence over the market.

The market is projected to witness strategic initiatives by key players for the launch of novel platforms and products, consequently offering lucrative growth opportunities, especially in emerging economies. In April 2021, for instance, Näck, a Swedish-Indian startup introduced its digital wellness platform, along with Immunity Boost, which is a lineup of two herbal products made of natural astaxanthin and real vegan protein powder.

The evolving consumer demand for innovative and sophisticated food items is gaining momentum. In addition to this, consumers are now knowledgeable about the relationship between food and health and water–energy–food nexus. This is causing a ripple effect in the food industry, wherein companies are now making efforts to enhance their sustainability quotient while producing food that is functional, nutritious, and sustainable. Such trends are expected to foster development in the astaxanthin industry.

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Top Highlights from the FMI’s Analysis of the Astaxanthin Market:         

• The United States market is projected to yield a sizeable amount of market revenue, i.e., US$ 838.70 million by 2033 end. Over the forecast period, the market is expected to register a 15.8% CAGR.
• The United Kingdom is slated to be the second-leading market over the forecast period. The market is expected to generate a revenue of US$ 296.8 million by 2033, exhibiting a CAGR of 15% in the meantime.
• Another Europe country, i.e., Germany, is forecasted to attain US$ 266.60 million by 2033 end. In the forecast period, the market is assumed to expand at 13.7% CAGR.
• China market, a prominent market in the Asia Pacific region, is projected to hold a significant portion of the regional market. By 2033, China market is estimated to attain US$ 161.50 million. Over the upcoming years, the market is predicted to expand at 12.8% CAGR.
• The market in Spain is expected to yield US$ 85.60 million by 2033. The market is projected to exhibit a CAGR of 12.2% over the forecast period.

New Developments as Observed by FMI

• Beijing Gingko Group unveiled in April 2022 that it is expanding its astaxanthin farm capacity for the second time in the Pristine region over the last two years. This development is geared to enhance the company’s production capacity.
• Lehmann&Voss&Co., which is a prominent nutraceutical distributor in the United Kingdom, launched a new AstaPure natural astaxanthin CWD in April 2021. The product plays a crucial role in cardiovascular disorders treatment.

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Key Segments

By Form:

• Powder
• Liquid

By Grade:

• > 98%
• 95-97%
• < 94%

By Source :

• Natural
  • Crustaceans
  • Microalgae
  • Paracoccus carotinifaciens
  • Yeast/ Fungi
• Synthetic

By Production Technology:

• Chemical Synthesis
• Natural Extraction

By Application:

• Aquaculture
• Dietary Supplements
• General Wellbeing
• Eye Health
• Brain Health
• Immune & Digestive Health
• Bone & Joint Health
• Heart Health
• Other Supplements (Weight Loss, Allergies, etc.)
• Food & Beverages
• Personal Care & Cosmetics
• Skin Care
• Hair Care
• Pet Food
• Eye Health
• Brain Health
• Immune & Digestive Health
• Bone & Joint Health
• Animal Feed
• Pharmaceuticals
• Others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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