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Meet the meatless: Demand for new generation plant‐based meat alternatives

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  • Shuoli Zhao
  • Lingxiao Wang
  • Wuyang Hu
  • Yuqing Zheng

Abstract

With the unique mimicry of the sensory experiences of meats, the plant‐based meat alternatives (PBMA) appeal to consumers outside the traditional vegetarian demographics. This study analyzes market expenditure data from 2017 to 2020 to evaluate the demand for PBMA in relation to meats. Results show that PBMA is a complement for beef and pork while a substitute for chicken, turkey, and fish. Although the current market demand for PBMA is still incomparable with meats, the growth of PBMA sales is significant. This study sheds light on marketing strategies and policies toward the future of PBMA and the fresh meat sector.

Suggested Citation

  • Shuoli Zhao & Lingxiao Wang & Wuyang Hu & Yuqing Zheng, 2023. "Meet the meatless: Demand for new generation plant‐based meat alternatives," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(1), pages 4-21, March.
    • Handle: RePEc:wly:apecpp:v:45:y:2023:i:1:p:4-21
    DOI: 10.1002/aepp.13232
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    1. Nouve, Yawotse & Zheng, Yuqing & Zhao, Shuoli & Kaiser, Harry M. & Dong, Diansheng, 2024. "A detailed demand analysis of plant-based meat alternatives vs. animal-based meat in the United States," 2024 Annual Meeting, July 28-30, New Orleans, LA 343798, Agricultural and Applied Economics Association.
    2. Samson Yaekob Assele & Michel Meulders & Helena Michiels & Nanou Flamant & Martina Vandebroek, 2023. "The Effect of Information Provision and Color Coding in Product Labeling on the Preference for Meat Substitutes," Sustainability, MDPI, vol. 15(22), pages 1-20, November.
    3. Xu, Lei, 2024. "Household Food Waste Patterns: Exploring Categorical Price and Expenditure Elasticities Using a Demand System Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343717, Agricultural and Applied Economics Association.

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