Great-tasting products that either combine the texture of real meat with the health benefits of soy protein or replace meat altogether, meat substitute are now a fixture in many consumer households.
The market is driven by factors such as rising health concerns (which include obesity and diabetes) due to consumption of meat products. Also, due to the health benefits provided by meat substitute products, such as weight loss and general wellbeing, the market for these products is projected to grow.
On the basis of type, the tofu & tofu ingredients segment accounted for the largest share of the meat substitutes market in 2017, followed by textured vegetable protein segment. Meat substitutes such as tempeh and tofu are rich in proteins and minerals, since they are derived from soy; moreover, they have become a popular meat alternative among vegetarians and vegan consumers for their health benefits.
Europe was the largest market for meat substitutes in 2017. The market is characterized by the presence of large-scale meat substitute manufacturers such as Quorn Foods (UK) and Meatless (Netherlands). The increasing number of new modified meat-free product launches by manufacturers such low-fat and fortified snack with meat substitutes act as catalysts for the growth of meat substitutes market.
In 2019, the market size of Meat Substitute is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Meat Substitute.
This report studies the global market size of Meat Substitute, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Meat Substitute sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Amy's Kitchen
Beyond Meat
Cauldron Foods
Gardein Protein International
Quorn Foods
Vbites Food
Morningstar Farms
MGP Ingredients
Sonic Biochem Extractions
Archer Daniels Midland
DuPont
Nisshin OilliO
VBites
Impossible foods
Sunfed foods
Tofurky
Field Roast
Yves Veggie Cuisine
Trader Joe’s
Lightlife
Boca Burger
Market Segment by Product Type
Tofu-based
Tempeh-based
TVP-based
Seitan-based
Quorn-based
Others
Market Segment by Application
Vegetarian
Non-vegetarian
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Meat Substitute status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Meat Substitute manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Meat Substitute are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Meat Substitute. Industry analysis & Market Report on Meat Substitute is a syndicated market report, published as Global (United States, European Union and China) Meat Substitute Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Meat Substitute market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.