Meat-Free Chicken Tenders Market Forecast and CAGR
According to the latest research by Transparency Market Research, the Meat-Free Chicken Tenders market is set to witness significant growth during 2021-2031. Demand for Meat-Free Chicken Tenders is high due to flexitarian population and growing vegan globally. Rising awareness about the health benefit offered by plant-based meat over animal meat and government initiative among the global market to reduce meat consumption is benefitting the market. But due to pandemic caused by novel coronavirus affect the distribution channel causing non-availability and due to high cost of production and raw material are likely to restrain the growth of the global market. Some of the Meat-free chicken which replaced conventionally processed meat are nuggets, sausage, burgers, and others.
What is Driving Demand for Meat-Free Chicken Tenders Market?
For animal rights campaigners and NGOs, platforms like Facebook, Twitter, Instagram, Reddit, and others have provided a forum to promote awareness of animal cruelty and severe environmental repercussions of the consumption of meat. The meat-free chicken tender trend to grow, encouraging people to eat more seeds, legumes, fruit, and vegetable. Excessive consumption of conventional meat or animal-based meat results in diet-related issues such as diabetes, heart diseases, obesity, and cancers, and on the other hand meat-free chicken made up of plant-based meat does not give rise to such diseases.
Meat-free chicken trends tend to replace animal processed meat products such as nuggets, sausage, burgers, and many more, as they contain a lower level of saturated fat, cholesterol, calories than conventional meat. They mostly contain a higher level of zinc, iron, calcium, and micronutrients.
Europe demand Outlook for Meat-Free Chicken Tenders Market
The awareness among the society about the vegan food and its benefits and driving growth it has been observed that meat-free chicken tenders market has the largest market especially in Germany, U.K, and Italy or we can say the European market. Although human health and animal welfare are significant motivations in the decrease of animals products, most of those participants have listed environmental concerns as key motivators. The labeling criterion is relatively stressed by European plant-based meat markets.
The market in Europe is expected to increase rapidly over the prediction years because of the excellent consumer prospects for meat products from vegetarians and vegan products and the strict anti-animal cruelty policies. Capacity growth, product innovation, and mergers and acquisitions are key manufacturers to adopt strategic initiatives to expand their sales in the regional market.
For Example, in June 2020, Beyond Meat has announced the expansion of its European manufacturing capacity with the acquisition of a new Enschede industrial facility, the Netherlands; and by opening a new co-manufacturing facility with Zandbergen World’s Finest Meat in Zoeterwoude, the Netherlands.
In addition, in future years, the requirements for meat products based on plants are likely to increase because consumer health concerns about animal protein sources, ethics, and environmental issues are on the rise among consumers.
North America demand Outlook for Meat-Free Chicken Tenders Market
Regional market expansion is described by the growing consumption of non-meat products and increased consumer awareness of the possible risk of consuming tainted meat products.
The traditional meat markets in the United States are confronted with detrimental repercussions of the coronavirus outbreak. During the pandemic, however, foodstuff sales skyrocketed through online food selling retails sites. As consumer opinions revolve around food sustainability and safety, demand for plant-based cuisine is expected to significantly expand.
Who are some of the Key Manufacturers in the Meat-Free Chicken Tenders Market?
Some of the key manufacturer and key player of Meat-Free chicken tenders market includes Sarpinos pizzeria, Jailbird, Dog Haus, Gardein Ultimate Plant-Based Chick’n, Daring Foods, MorningStar Farms Chik’n, Alpha Food, May wah with Lily’s Vegan Pantry, Beyond meat, Tofurky, Yves Veggie Cuisine, Before the Butcher, Quorn Foods, The Meatless Farm Co., Gold&Green Foods Ltd., Beyond Meat, Amy’s Kitchen and others
Based on Source, the market can be divided into the following:
- Potato based
- And others products
Based on Product, the market can be divided into the following:
- Strips & nuggets
- Burger Patties
- And other products
Based on distribution channel, the market can be divided into the following:
- Online Retail
- Specialty food stores
- Convenience store
- HoReCa (foodservice sector)
Based on Region, the market can be divided into the following:
- North America
- East Pacific
- Rest of the world
- South America
- Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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10. What will be the barrier to entry for new players in the market?
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