January, 2021: Maple Leaf Foods is aiming to increase its plant protein production in the United States to meet the surging demand for tempeh.The 118,00 square food plant will be set up in the city of Indianapolis manned by a strong workforce of 115 employees.
Author Credits: Parul Atri
Report ID: 3155
Published Date: Aug 30, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2024, the industry size of plant-based meat is assessed at USD 8.38 billion.
Plant-based Meat Market size was valued at USD 7.28 billion in 2023 and is expected to exceed USD 69.1 billion by 2036, registering over 18.9% CAGR during the forecast period i.e., between 2024-2036. Rising trend of consuming vegan food products and increasing investments for producing plant-based meat by major companies will propel the market growth.
Asia Pacific is estimated to dominate majority revenue share by 2036, on the back of increasing adoption of healthy lifestyle in the region.
The major players in the market are Maple Leaf Foods, Beyond Meat, Inc., Conagra, Inc., Unilever UK Ltd, Kellogg NA Co., and others.