Business Analytics of Meat Substitute Market Sales Industry, Future Prospects, Obstacles and Vendors By 2026
A recent report by KD market insights titled as "Meat Substitute Market Size, Trends &
Opportunity Outlook – Forecast to 2023" provides the key
trends, opportunities and challenges market will face in the forecasted period
of 6 years i.e. 2019-2023. The study also provides the Meat Substitute Market. competitors share and region
wise analysis around the globe.
Meat substitutes are
products that resemble actual meat in terms of taste, flavor, and appearance,
and are healthier as compared to meat. Such products are increasingly being
used as substitutes for regular meat and meat products. They are primarily
composed of ingredients such as soy, wheat, and others. Tofu is the most
popular meat substitute, and is widely used as an alternative to pork, chicken,
beef, and other meats. Meat substitutes comprise a wide variety of products
derived from plant-based and other organic sources. These include products such
as tofu; tempeh; textured vegetable protein; Quorn; seitan; and other
ingredients such as pea, lentils, and rice. The global meat substitute
market size is expected to be valued at $8.1 billion by 2026,
registering a CAGR of 7.8% from 2019 to 2026.
Meat serves as an ideal
source of protein; however, it contains high amounts of cholesterol and
saturated fats. Individuals who consume it on a regular basis are more prone to
develop health issues such as obesity and atherosclerosis.
Raw materials used in the preparation of meat substitutes are primarily certified as organic, non-genetically modified (non-GMO), and plant based, containing high concentration of proteins and are low in cholesterol. Meat substitutes prepared from organic pea protein, rice protein, and other such innovative ingredients are anticipated to witness increased demand in developed regions. Moreover, Quorn witness’s rapid adoption among consumers, primarily in North America, Europe, and some parts of Asia-Pacific. The tempeh-based meat substitutes segment garners a relatively smaller portion of the share; however, is projected to grow at a promising rate from 2019 to 2026. Textured vegetable protein and tofu are among the majorly used meat substitutes, and these segments are anticipated to grow at a consistent pace from 2017 to 2026.
Raw materials used in the preparation of meat substitutes are primarily certified as organic, non-genetically modified (non-GMO), and plant based, containing high concentration of proteins and are low in cholesterol. Meat substitutes prepared from organic pea protein, rice protein, and other such innovative ingredients are anticipated to witness increased demand in developed regions. Moreover, Quorn witness’s rapid adoption among consumers, primarily in North America, Europe, and some parts of Asia-Pacific. The tempeh-based meat substitutes segment garners a relatively smaller portion of the share; however, is projected to grow at a promising rate from 2019 to 2026. Textured vegetable protein and tofu are among the majorly used meat substitutes, and these segments are anticipated to grow at a consistent pace from 2017 to 2026.
Segment review
The global meat
substitute market is segmented into product, source, category, and
region. Depending on product, the market is categorized into tofu, tempeh,
textured vegetable protein (TVP), Quorn, seitan, and others. By source, it is
segregated into soy, wheat, mycoprotein, and others (pea protein, rice protein,
and others). Market segmentation based on category includes frozen,
refrigerated, and shelf-stable meat substitutes. To gain a comprehensive
understanding, the market scenario is analyzed across key regions, including
North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global meat substitute market include Amys Kitchen Inc., Beyond Meat, Cauldron Foods, Garden Protein International, Inc., Meatless B.V., Quorn Foods, Vbites Food, Ltd., Morningstar Farms, MGP Ingredients Inc., and Sonic Biochem Extractions Limited. Other prominent players profiled in the report are ADM, The Nisshin Oillio Group, Meatless, Vbites, Schouten Europe, Memphis Meats, Alpha Foods, Corbion Biotech, Inc., and Famleigh Inc.
KEY BENEFITS FOR
STAKEHOLDERS
- The report provides an
extensive analysis of the current and emerging market trends and opportunities
in the global market.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Meat Substitute Market
Segments
Key Market Segments
By Product
- Tofu-based
- Tempeh-based
- TVP-based
- Seitan-based
- Quorn-based
- Others
- Tofu-based
- Tempeh-based
- TVP-based
- Seitan-based
- Quorn-based
- Others
By Source
- Soy-based
- Wheat-based
- Mycoprotein
- Others
- Soy-based
- Wheat-based
- Mycoprotein
- Others
By Category
- Frozen
- Refrigerated
- Shelf Stable
- Frozen
- Refrigerated
- Shelf Stable
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-pacific
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
LAMEA
- South Africa
- Brazil
- Argentina
- Rest of LAMEA
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-pacific
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
LAMEA
- South Africa
- Brazil
- Argentina
- Rest of LAMEA
Key Market Players of
Meat Substitute Market Profiled in the Report
- Amy’s Kitchen
- Beyond Meat
- Cauldron Foods
- Garden Protein International, Inc.
- Meatless B.V.
- Quorn Foods,
- Vbites Food, Ltd.
- Morningstar Farms
- MGP Ingredients
- Sonic Biochem Extractions Limited
- Beyond Meat
- Cauldron Foods
- Garden Protein International, Inc.
- Meatless B.V.
- Quorn Foods,
- Vbites Food, Ltd.
- Morningstar Farms
- MGP Ingredients
- Sonic Biochem Extractions Limited
Get Complete Research Report
with TOC @: https://www.kdmarketinsights.com/product/meat-substitute-market-amr
Table Of Content:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For
Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And
Models
Chapter 2: Executive
Summary
2.1. Snapshot
2.2. Key Finding of The
Study
2.3. Cxo Perspective
Chapter 3: Market
Overview
3.1. Market Definition And
Scope
3.2. Key Findings
3.2.1. Top Investment
Pocket
3.2.2. Top Impacting
Factors
3.2.3. Top Winning
Strategies
3.3. Porter'S Five Forces
Analysis
3.3.1. Bargaining Power of
Suppliers
3.3.2. Bargaining Power of
Buyers
3.3.3. Thereat of New
Entrants
3.3.4. Threat of
Substitute
3.3.5. Intensity of
Competitive Rivalry
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increase In Obese
Population
3.4.1.2. Marketing And
Positioning Strategies
3.4.1.3. New Product
Development
3.4.1.4. Rapid Growth In
The Food Service Industry
3.4.1.5. Environmental
Sustainability And Animal Welfare
3.4.2. Restraint
3.4.2.1. Wide Availability
of Substitutes
3.4.3. Opportunities
3.4.3.1. Untapped
Developing Markets
3.4.3.2. Increase In
Health Awareness And Vegetarianism
Chapter 4: Meat
Substitute Market, By Product Type
4.1. Overview
4.1.1. Market Size And
Forecast, By Product Type
4.2. Tofu-Based
4.2.1. Key Market Trends,
Growth Factors, And Opportunities
4.2.2. Market Size And
Forecast, By Region
4.3. Tempeh-Based
4.3.1. Key Market Trends,
Growth Factors, And Opportunities
4.3.2. Market Size And
Forecast, By Region
4.4. Tvp-Based
4.4.1. Key Market Trends,
Growth Factors, And Opportunities
4.4.2. Market Size And
Forecast, By Region
4.5. Seitan-Based
4.5.1. Key Market Trends,
Growth Factors, And Opportunities
4.5.2. Market Size And
Forecast, By Region
4.6. Quorn-Based
4.6.1. Key Market Trends,
Growth Factors, And Opportunities
4.6.2. Market Size And
Forecast, By Region
4.7. Other
4.7.1. Key Market Trends,
Growth Factors, And Opportunities
4.7.2. Market Size And
Forecast, By Region
Chapter 5: Meat
Substitute Market, By Source
5.1. Overview
5.1.1. Market Size And
Forecast, By Source
5.2. Soy-Based
5.2.1. Key Market Trends,
Growth Factors, And Opportunities
5.2.2. Market Size And
Forecast, By Region
5.3. Wheat-Based
5.3.1. Key Market Trends,
Growth Factors, And Opportunities
5.3.2. Market Size And
Forecast, By Region
5.4. Mycoprotein
5.4.1. Key Market Trends,
Growth Factors, And Opportunities
5.4.2. Market Size And
Forecast, By Region
5.5. Others
5.5.1. Key Market Trends,
Growth Factors, And Opportunities
5.5.2. Market Size And
Forecast, By Region
Chapter 6: Meat
Substitute Market, By Category
6.1. Overview
6.1.1. Market Size And
Forecast, By Category
6.2. Frozen
6.2.1. Key Market Trends,
Growth Factors, And Opportunities
6.2.2. Market Size And
Forecast, By Region
6.3. Refrigerated
6.3.1. Key Market Trends,
Growth Factors, And Opportunities
6.3.2. Market Size And
Forecast, By Region
6.4. Shelf Stable
6.4.1. Key Market Trends,
Growth Factors, And Opportunities
6.4.2. Market Size And
Forecast, By Region
Chapter 7: Meat
Substitute Market, By Region
7.1. Overview
7.1.1. Market Size And
Forecast
7.2. North America
7.2.1. Key Market Trends,
Growth Factors, And Opportunities
7.2.2. Market Size And
Forecast, By Product Type
7.2.3. Market Size And
Forecast, By Source
7.2.4. Market Size And
Forecast, By Category
7.3. Europe
7.3.1. Key Market Trends,
Growth Factors, And Opportunities
7.3.2. Market Size And
Forecast, By Product Type
7.3.3. Market Size And
Forecast, By Source
7.3.4. Market Size And
Forecast, By Category
7.4. Asia-Pacific
7.4.1. Key Market Trends,
Growth Factors, And Opportunities
7.4.2. Market Size And
Forecast, By Product Type
7.4.3. Market Size And
Forecast, By Source
7.4.4. Market Size And
Forecast, By Category
7.5. Lamea
7.5.1. Key Market Trends, Growth
Factors, And Opportunities
7.5.2. Market Size And
Forecast, By Product Type
7.5.3. Market Size And
Forecast, By Source
7.5.4. Market Size And
Forecast, By Category
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