Global Meat Substitutes Market Size, Trends, Growth, Forecast 2027
Global Meat Substitutes Market is expected to reach USD 6.82 Billion at a CAGR of over 6% during 2022-2027. The major factors such as consumers consciousness regarding the increase in obesity levels, rising health consciousness among consumers, rising number of vegetarians and increasing demand for soy-based meat substitutes. Based on category, in 2021, the frozen meat substitutes segment accounted for the largest share due to changes in buying outlines, with consumers moving from small grocery shops to hyper and supermarkets in emerging economies.
In 2021, Europe & CIS accounted for the largest share of the meat substitutes market due to increasing health-conscious customers and increasing occurrences of diseases such as high-blood pressure, diabetes and constipation. The major key players in the market are DuPont, ADM, Quorn Foods and many more.
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Some of the leading players in the Global Meat Substitutes market are The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless, VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods etc.
- To analyse and forecast the market size of Meat Substitutes, in terms of value and volume.
- To classify and forecast Global Meat Substitutes based on type, source, category and regional distribution.
- To identify drivers and challenges for Global Meat Substitutes.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Meat Substitutes.
- To conduct the pricing analysis for Meat Substitutes.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Meat Substitutes.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
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TechSci Research calculated the market size of global Meat Substitutes using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Meat substitutes manufacturers
- Raw material suppliers
- Distributors and traders
- End users
- Food Retailers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Meat Substitutes market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Meat Substitutes Market, By Type:
- Soy Products
- Quorn
- Tempeh
- Tofu
- Seitan
- Others
- Global Meat Substitutes Market, By Source:
- Soy
- Wheat
- Mycoprotein
- Others
- Global Meat Substitutes Market, By Category:
- Frozen
- Refrigerated
- Shelf-Stable
- Global Meat Substitutes Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Meat Substitutes.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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