Asia Pacific Plant-Based Ham Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Slices and Strips, Rolls, and Roasts) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The Asia Pacific plant-based ham market is expected to grow from US$ 89.07 million in 2022 to US$ 185.24 million by 2028. It is estimated to grow at a CAGR of 13.0% from 2022 to 2028.
Product Innovation will be Driving the Asia Pacific Plant-Based Ham Market
Plant-based ham manufacturers are making significant investments in product innovation to offer organic, gluten-free, non-GMO, and allergen-free products for attracting a large number of consumers. Moreover, they are using plant proteins other than soy and pea protein to differentiate their products from their competitors. Plant-based ham manufacturers are also developing products that address the local needs of consumers. For instance, pork is one of the most consumed meats in Asia; however, a limited number of plant-based pork manufacturers operate in this region. As a result, startups such as OmniPork entered Asia in 2018, and in its first two years of operation, the product has witnessed tremendous growth in not only its native Hong Kong but also in Singapore, Macau, Mainland China, Thailand, Taiwan, where around one million OmniPork products have been sold every single week since their launch in January. These developments are expected to surge the demand for plant-based ham.
Asia Pacific Plant-Based Ham Market Overview
The Asia Pacific plant-based ham market is further segmented into Australia, China, Japan, South Korea, and the rest of Asia Pacific. In addition to health consciousness among consumers, religious beliefs contribute to the demand for plant-based meat products in this region. The excessive intake of animal-based food has been linked to diet-related disorders, including obesity, Type 2 diabetes, heart disease, and cancer. According to the “International Diabetes Federation (IDF),” India had 77 million diabetic patients in 2019, which is the world's second-largest diabetic population nationwide; this population is further expected to reach 101 million by 2030. Per the IDF data, ~114 million adults in China had diabetes in 2019. With the high prevalence of diabetes and other similar diseases, consumers are increasingly becoming aware of the importance of a healthy diet and an active lifestyle, resulting in greater public attention toward plant-based products, including ham. In December 2020, Nestlé SA launched a new range of plant-based deli meat under the Harvest Gourmet brand in China. The product line includes meatless alternatives to ham, salami, and sausages. The increasing cases of diseases caused by microbial contamination in food—such as trichinosis from pork, salmonella from poultry, scrapie from lamb, and vibrio illness and norovirus infections from fish—are driving consumer inclination toward plant-based alternatives. Additionally, the busy lifestyle of the urban middle-class population and the lack of nutrients in an individual’s diet are the other factors supporting the Asia Pacific plant-based ham market growth.
Asia Pacific Plant-Based Ham Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Plant-Based Ham Market Segmentation
The Asia Pacific plant-based ham market is segmented into product type, distribution channel, and country.
Based on product type, the Asia Pacific plant-based ham market is segmented into slices and strips, rolls, and roasts. In 2022, the slices and strips segment registered a largest share in the Asia Pacific plant-based ham market.
Based on distribution channel, the Asia Pacific plant-based ham market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. In 2022, the supermarkets and hypermarkets segment registered a largest share in the Asia Pacific plant-based ham market.
Based on country, the Asia Pacific plant-based ham market is segmented into Australia, China, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific plant-based ham market.
Hain Celestial Canada ULC; Mantra Food Thailand Co Ltd; Meliora Foods Pty Ltd; Nestle SA; Quorn Foods Ltd; and VBites Foods Ltd are the leading companies operating in the Asia Pacific plant-based ham market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Plant-Based Ham Market, by Product Type
1.3.2 Asia Pacific Plant-Based Ham Market, by Distribution Channel
1.3.3 Asia Pacific Plant-Based Ham Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Plant-Based Ham Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Major Raw Material
4.3.2 Manufacturing/Processing
4.3.3 Packaging
4.4 Expert Opinions
5. Asia Pacific Plant-Based Ham Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Environmental Impact of Livestock Industry and Acceptance of Sustainable Food Habits
5.1.2 Switch to Vegetarianism and Veganism
5.2 Market Restraints
5.2.1 Limited Availability in Emerging Economies
5.3 Market Opportunities
5.3.1 Surging Demand in Developed Economies
5.4 Future Trends
5.4.1 Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. Plant-Based Ham– Asia Pacific Market Analysis
6.1 Asia Pacific Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Plant-Based Ham Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific Plant-Based Ham Market, By Product Type (2021 and 2028)
7.3 Slices and Strips
7.3.1 Overview
7.3.2 Slices and Strips: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Rolls
7.4.1 Overview
7.4.2 Rolls: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Roasts
7.5.1 Overview
7.5.2 Roasts: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
8. Asia Pacific Plant-Based Ham Market Analysis – By Distribution Channel
8.1 Overview
8.2 Asia Pacific Plant-Based Ham Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
9. Asia Pacific Plant-Based Ham Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Plant-Based Ham Market, by Key Country
9.1.1.1 Australia: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Plant-Based Ham Market, By Product Type
9.1.1.1.2 Australia: Plant-Based Ham Market, by Distribution Channel
9.1.1.2 China: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Plant-Based Ham Market, By Product Type
9.1.1.2.2 China: Plant-Based Ham Market, by Distribution Channel
9.1.1.3 Japan: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Japan: Plant-Based Ham Market, By Product Type
9.1.1.3.2 Japan: Plant-Based Ham Market, by Distribution Channel
9.1.1.4 South Korea: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 South Korea: Plant-Based Ham Market, By Product Type
9.1.1.4.2 South Korea: Plant-Based Ham Market, by Distribution Channel
9.1.1.5 Rest of Asia Pacific: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Rest of Asia Pacific: Plant-Based Ham Market, By Product Type
9.1.1.5.2 Rest of Asia Pacific: Plant-Based Ham Market, by Distribution Channel
10. Industry Landscape
10.1 Product launch
10.2 Collaboration
10.3 Partnership
11. Company Profiles
11.1 Hain Celestial Canada ULC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 VBites Foods Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestle SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Quorn Foods Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Meliora Foods Pty Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Mantra Food Thailand Co Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Plant-Based Ham Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. South Korea Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. South Korea Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of Asia Pacific Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of Asia Pacific Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Glossary of Terms, Asia Pacific Plant-Based Ham Market
LIST OF FIGURES
Figure 1. Asia Pacific Plant-Based Ham Market Segmentation
Figure 2. Asia Pacific Plant-Based Ham Market Segmentation – By Country
Figure 3. Asia Pacific Plant-Based Ham Market Overview
Figure 4. Asia Pacific Plant-Based Ham Market, By Product Type
Figure 5. Asia Pacific Plant-Based Ham Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Plant Based Ham Market
Figure 8. Expert Opinions
Figure 9. Asia Pacific Plant-Based Ham Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Plant-Based Ham Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Slices and Strips: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Rolls: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Roasts: Asia Pacific Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Asia Pacific Plant-Based Ham Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 16. Supermarkets and Hypermarkets: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Convenience Stores: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 18. Online Retail: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Others: Asia Pacific Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Asia Pacific: Plant-Based Ham Market, by Key Country - Revenue (2021) (US$ Million)
Figure 21. Asia Pacific: Plant-Based Ham Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. Australia: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of Asia Pacific: Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
- Hain Celestial Canada ULC
- Mantra Food Thailand Co Ltd
- Meliora Foods Pty Ltd
- Nestle SA
- Quorn Foods Ltd
- VBites Foods Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific plant-based ham market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific plant-based ham market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the plant-based ham market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution