USA Plant-based Chicken Market Analysis and Forecast, 2023-2030 | RationalStat

The USA plant-based chicken market is expected to reach a value of US$ 2.5 billion by 2030, growing at a CAGR of 18.5% during the forecast period 2023-2030.

Market Scope and Report Overview

According to a deep-dive market assessment by RationalStat, the USA plant-based chicken market has been analyzed on the basis of market segments including source, distribution channel, and geography/regions (incl. South USA, West USA, Central USA, North USA, Mid-west USA). The report also offers USA and regional market sizing for the historical period of 2019-2022 and the forecast period of2023-2030.

Market intelligence for the USA plant-based chicken market covers market sizes on the basis of market value (US$/EUR Million) and volume (‘000 units/tons/liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

In addition, the long-term sector and products/services 10-year outlook and its implications on the regional and the USA plant-based chicken market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

Period Covered include data for 2023-2030 along with year-wise demand estimations

The plant-based chicken market report analyzes the market on the basis of USA economic situations, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, new capacity addition, technological advancements, R&D investments, and new market entry, replacement rates, penetration rates, installed base/fleet size, USA and regional production capacity, among others.

RationalStat offers market analysis and consulting studies on the basis of dedicated and robust desk/secondary research supported by a strong in-house data repository. In addition, the research leverages data based on the real-time insights gathered from primary interviews. Market estimations and insights are based on primary research (covering more than 240 entities) and secondary research by leveraging international benchmarking.

The USA plant-based chicken market report also covers value chain and supply chain analysis that provides in-depth information about the value chain margins and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.

In the competition analysis section, the USA plant-based chicken market provides a detailed competition benchmarking analysis based on the market share of the leading companies/brands/producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including South USA, West USA, Central USA, North USA, Mid-west USA, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.

The USA economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries USA and has caused a major economic crisis in the USA, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened USA uncertainty.

In addition to this, the USA economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.

Competition Analysis and Market Structure

Some of the prominent players that contribute significantly to the plant-based chicken market growth include eyond Meat Inc., Impossible Foods Inc., MorningStar Farms (Kellogg Company), Gardein Protein International (Pinnacle Foods Inc.), Tofurky Company, Quorn Foods, Lightlife Foods, Field Roast, Alpha Foods, Sweet Earth Foods, among others.

Rationalstat has segmented the USA plant-based chicken market on the basis of source, delivery system, distribution channel, region, and end-user.

  • USA Plant-based Chicken Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2023-2030) Analysis by Source
    • Soy-based Protein
    • Wheat-based Protein
    • Pea-based Protein
    • Canola-based Protein
    • Rice-based Protein
    • Others (Corn-based Protein, etc.)
  • USA Plant-based Chicken Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2023-2030) Analysis by Distribution Channel
    • Offline/Retail
      • Hypermarkets/Supermarkets
      • Convenience Stores
      • Specialty Food Stores
    • Online/e-commerce
      • Online Retailers
      • Aggregators
      • Company-owned Websites
  • USA Plant-based Chicken Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2023-2030) Analysis by Region
    • South USA
    • West USA
    • Central USA
    • North USA
    • Mid-west USA
  • Leading Companies and Market Players
    • Beyond Meat Inc.
    • Impossible Foods Inc.
    • MorningStar Farms (Kellogg Company)
    • Gardein Protein International (Pinnacle Foods Inc.)
    • Tofurky Company
    • Quorn Foods
    • Lightlife Foods
    • Field Roast
    • Alpha Foods
    • Sweet Earth Foods

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Key Questions Answered in the Plant-based Chicken Market Report

  • What will be the market value of the USA Plant-based Chicken Market market by 2030?
  • What is the market size of the USA Plant-based Chicken Market?
  • What are the market drivers of the USA Plant-based Chicken Market?
  • What are the key trends in the USA Plant-based Chicken Market?
  • Which is the leading region in the USA Plant-based Chicken Market?
  • What are the major companies operating in the USA Plant-based Chicken Market?
  • What are the market shares by key segments in the USA Plant-based Chicken Market?

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RationalStat LLC
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