The global demand for Meat Substitutes Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2019- 2026.
A meat substitute also refers to a meat alternative, meat analogue, vegetarian meat or vegan meat, be similar to aesthetic qualities such as flavor, texture, and appearance. Usually, meat substitute is a food made from vegetarian ingredients, for instance, soy-based or gluten-based, also it can be made from pea protein. The main audience for the meat substitute market comprises vegetarians, vegans, non-vegetarians seeking to reduce their meat consumption. The rising consumption of vegetable proteins in food products over the years owing to animal diseases, the global shortage of animal protein, strong demand for wholesome and religious (halal) food, and economic reasons.
The rising health awareness, coupled with a growing consumer preference of vegetarian foods across the world, is augmenting the market growth. Rising occurrences of such health diseases, for instance, obesity-related disorders, such as diabetes, cardiovascular diseases, and others, have considerably increased in the last few years, which, in turn, is excepted to propel the market growth. Rising awareness regarding the environmental impact of animal farming for meat production and the on-going trend of veganism is boosting the demand. However, launches of low-cholesterol meat products could hamper market growth. Rising adoption in emerging economies like India and China is also creating new opportunities for the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of meat substitutes.
The entire meat substitutes market has been sub-categorized into source, product and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Soy Protein
- Wheat Protein
- Pea Protein
By Distribution Channel
- TVP (Textured Vegetable Protein)
- Offline Stores
- Online Stores
This section covers regional segmentation which accentuates on current and future demand for meat substitutes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Meat Substitutes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the meat substitutes market include Turtle Island Foods, Inc., Nutrisoy Pty Ltd, Pinnacle Foods, Inc., Amy's Kitchen Inc., Atlantic Natural Foods, LLC, Impossible Foods Inc., The Hain Celestial Group, Inc., Beyond Meat Inc., Pacific Foods of Oregon, Inc., Monde Nissin Corporation, Kellogg Company, Fry Group Foods (Pty) Ltd., Nasoya Foods, Inc., Hügli Holding AG, Sweet Earth, Inc., VBites Food ltd., The Kraft Heinz Company, Schouten Europe B.V., Lightlife Foods Inc., and Taifun-Tofu GmbH., and many others.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.