Meat Substitutes Market Valuable Growth Prospects, Top Players, Key Country Analysis, Trends and Forecast till 2023

Press Release

Meat Substitutes Market Research Report by Type (Tofu & Tofu Products, Tempeh, Seitan, and Others), Source (Soy, Wheat, Mycoprotein, and Others), Category (Frozen, Refrigerated, Ambient, and Others), Distribution Channel (Store based, Non-store based), and Region-Global Forecast to 2023

Market analysis

The meat substitutes are currently dominating the food industry with huge investments made in the meat substitutes category. A combination of the macro and micro economic factors are responsible for the higher demand for the meat substitutes in the global market. Consumer trends including the tendency towards plant-based options in contrast to animal-based protein items and veganism are making market opportunities for meat substitutes. Meat substitutes industry is experiencing considerable advancement, which is prompting new product dispatches and expansion. Also, nourishment brands are channelizing their endeavors towards research and advancement projects to unwinding new market opportunities. It is estimated that the global meat substitutes market would augment to nearly the approx valuation of USD 9.25 Bn during the forecast period (2018-2023).

Market segmentation

The global market for meat substitutes are classified on the basis of product type, source, category, distribution channel and regional demand. Based on its product type, the market is segmented as Tempeh, Tofu & Tofu Products, Quorn, Textured Vegetable Protein (TVP), Seitan, Other soy-based products, Other meat substitute products. On the basis of its source, the market is bifurcated into wheat, mycoprotein, soy, and others. Based on its category, the market is classified into refrigerated, frozen and ambient. On the basis of its distribution channel, the global market is sectioned as non-store based and store based.

Regional analysis

Geographically, the global market for meat substitutes is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Garden Protein International, Inc., Blue Chip Group, AMY’s Kitchen, Inc., Beyond Meat, Quorn Foods, Inc,MorningStar Farms L.C., Sunfed, Ltd,VBites Foods, Ltd., Schouten Europe B.V., among others are some of the major players in the global meat substitutes market.

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Table of Contents:

1            Executive Summary

2            Market Introduction

2.1         Definition

2.2         Scope of the Study

2.3         Assumptions

2.4         Market Structure

2.5         Key Takeaways

2.6         Key Buying Criteria

3            Research Methodology

3.1         Research Process

3.2         Primary Research

3.3         Secondary Research

3.4         Market Size Estimation

3.5         Forecast Model

4            Market Dynamics

4.1         Introduction

4.2         Drivers

4.2.1     Rising health consciousness among the consumers towards healthy dietary habits

4.2.2     Growing consumer preference for vegan & vegetarian diet

4.2.3     Growing sensitivity toward animals

4.3         Restraint

4.3.1     Stringent government regulations

4.4         Opportunities

4.4.1     Increasing growth of organized retail stores

4.4.2     New product development and technological advancements

4.5         Challenge

4.5.1     Perception of taste & lack of consumer awareness towards meat substitute products

5            Market Factor Analysis

5.1         Value Chain Analysis

5.2         Supply Chain Analysis

5.3         Porter’s Five Forces Analysis

5.3.1     Threat of New Entrants

5.3.2     Threat of Substitutes

5.3.3     Bargaining Power of Buyers

5.3.4     Bargaining Power of Suppliers

5.3.5     Competitive Rivalry

6            Global Meat Substitutes Market, by Product Type

6.1         Overview

6.1.1     Tofu & Tofu Products

6.1.2     Textured Vegetable Protein (TVP)

6.1.3     Tempeh

6.1.4     Other soy-based products

6.1.5     Seitan

6.1.6     Quorn

6.1.7     Others Meat Substitute Products

7            Global Meat Substitutes Market, by Source

7.1         Overview

7.1.1     Soy

7.1.2     Wheat

7.1.3     Mycoprotein

7.1.4     Others

8            Global Meat Substitutes Market, by Category

8.1         Overview

8.1.1     Frozen

8.1.2     Refrigerated

8.1.3     Ambient

9            Global Meat Substitutes Market, by Distribution Channel

9.1         Overview

9.1.1     Store Based

9.1.2     Non-store Based

10          Global Meat Substitutes Market, by Region

10.1       Introduction

10.2       North America

10.2.1   U.S.

10.2.2   Canada

10.2.3   Mexico

10.3       Europe

10.3.1   UK

10.3.2   Germany

10.3.3   France

10.3.4   Italy

10.3.5   Netherlands

10.3.6   Rest of Europe

10.4       Asia-Pacific

10.4.1   China

10.4.2   India

10.4.3   Japan

10.4.4   Australia & New Zealand

10.4.5   Rest of Asia Pacific

10.5       Rest of the World

10.5.1   South America


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