Impact of COVID-19 on Plant-based Meat Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Impact of COVID-19 on Plant-based Meat Market by Source (Soy, Wheat, Pea and Others), By Product Type (Burger patty, Sausage, Nugget, Ground Meat and Others), By End-Users (HoReCa and Household/Retail) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview 
Plant-based meat goods are made from plant-based items. This has similar characteristics to those of natural foods and is labeled substitutes for meat. Plant-based meat has the same characteristics as traditional meat, such as texture, taste, and look. Foods made from plants are designed to taste just like meat. Despite expanding worldwide meat intake over the preceding decades, there is a booming demand for vegetarian and vegan alternatives.
The size of the market is expected to rise from USD 6.7 billion in 2020 to USD 19 billion by 2030, registering an 18% CAGR over the forecast period of 2020-2030. The increasing health issues, increasing numbers of animal-borne diseases, and increasing demand for the safety label and organic products are factors that are expected to stimulate demand in the plant-based meat industry over the forecast period in 2020-2030.
Plant-Based Meat Products: Segments  
It is projected that the soy segment accounts for the biggest proportion in the plant-based meat market in 2020.
The reason of its extensive prominence and protein-rich material, the soy segment experiences a rise in demand. The increasing issues associated with consumption of foods derived from animal proteins as COVID is perceived to be of animal origin, and the acceptance of vegan diets is supposed to augment the use of soy as a raw material on the market dependent on plants. New plant-based products which incorporate soy is anticipated to contribute to the rising market demand for meat products based on plants.
Plant-Based Meat Products: Market Dynamics 
Drivers
High Investment
Reason for shutdowns enforced due to COVID pandemic. firms are investing in the retail sector. Many businesses have already begun adjusting their marketing approach because of the rapid rise in demand. Companies such as Beyond Meat Inc., Impossible Foods Inc., and Tofurky Co. are increasing their manufacturing and provide discount coupons on their plant-based meat goods to raise consumer base, broaden shops, and complete stakeholder partnerships.
Restraint
High processing
Most substitute plant-based meat derives its protein and flavor from vegetables and pulses like lentils and soybeans. However, owing to the high degree of processing required," several of these healthier options in the first place drop their nutritional quality and, in specific, the compounds which make them desired by plant-based eaters.
COVID-19 Impact on Plant-Based Meat Products
The pandemic is a major disruptive force in 2020, forcing the spotlight to turn globally towards meat supply and food safety. Since this outbreak is believed to have emerged from the wet meat sector and was only supported by cramped processing facilities, the conventional supply of meat is being disrupted. COVID-19 has created problems or prospects for both conventional and plant-based meat suppliers. The consequence of this are the releases of different plant-meat products. It is expected to certainly spike even post-COVID pandemic for a few months. It is also driven by plenty of recent acquisitions and it does not seem to display any signs of fading. COVID-19 provides the plant-meat industry worldwide with a boost. This industry has been facing immediate requirement from both manufacturers and consumers for manufacturing and distribution, especially with regard to some products such as organic meat.
Plant-Based Meat Products: Regions
Plant-Based Meat Products is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Asia-Pacific is anticipated to grow with the fastest CAGR in the forecast period.  Europe is estimated to have the highest share of the meat market based on plants. With the rising phenomenon of vegetarianism in Europe the plant-based industry has tremendous growth. The UK holds the world’s biggest vegan populations, further raising demand for vegetable-based meat products in Europe. The latest epidemic of COVID and adverse comparisons with animal-based food is also expected to also improve the demand in North America and Europe in the near future as COVID's worse effects have been seen by various countries in both regions.
Europe is key in the development and expansion, while Asia-Pacific is expected to expand dramatically over time. -The expectation that a rising number of animal-borne diseases like COVID-19, increased safety problems, and demand for healthy and safe food products and natural products is expected to drive the growth of the plant-based food industry in the forecast period of 2020-2030.
Plant-Based Meat Products: Key Players
• Beyond Meat (US) 
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Impossible Foods (US) 
• Maple Leaf Foods Inc. (Canada) 
• The Meatless Farm Co. (Netherlands) 
• Garden Protein International (Canada)
• Other Prominent Players
Plant-Based Meat Products report also contains analysis on:
• Plant-Based Meat Products Segments:
• By raw material
• Soy
• Wheat
• Pea
• Other raw materials
• By product
• Burger patties
• Strips & Nuggets
• Sausages
• Meatballs
• Other products
• By End User
• Retail\Household
• HoReCa
• Plant-Based Meat Products Dynamics
• Plant-Based Meat Products Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints