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Plant-Based Chicken Market Trends

Report ID: GMI6317
Published Date: Jul 2023
Report Format: PDF

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Plant-based Chicken Market Trends

Plant-based chicken is perceived as safer and less prone to foodborne illnesses, making them a preferred choice for health-conscious consumers. Besides, it is often suitable for individuals with dietary restrictions or allergies to animal proteins, broadening their consumer base. Supportive policies and incentives from governments aimed at promoting sustainable and plant-based food options will further boost plant-based chicken market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for plant-based chicken reached USD 4.2 billion in 2022 and is anticipated to depict 16% CAGR from 2023 to 2032, due to increasing health and wellness consciousness.

The soy segment accumulated 33% share of the plant-based chicken market in 2022, driven by rising animal welfare concerns and advancements in plant-based food technology.

Plant-based chicken industry from the burgers segment will register a decent valuation by 2032, owing to the improved taste and texture of plant-based chicken burgers, making them popular among both meat and non-meat eaters.

Notable players in the plant-based chicken market are Beyond Meat, Inc., Impossible Foods Inc., Gardein (A division of Conagra Brands), Quorn Foods, MorningStar Farms (A subsidiary of Kellogg Company), Tofurky, Lightlife Foods, Alpha Foods, Sweet Earth Foods (A subsidiary of Nestlé), and No Evil Foods.