Market Scenario:

Rising population of vegan consumers and increasing awareness about health benefits obtained from meat substitutes have prompted the growth of the product in the global market. Rising campaigns on animal welfare have influenced the positive sale of meat alternatives among the vegan consumers. Health benefits gained out of meat substitute’s consumption are the main drivers to the development of this segment. Growth of the functional foods manufactured out of plant-based products has also provided an impetus for the increased demand of this sector.

Boost in fitness and wellness sector has enhanced the market growth trajectory of the sector to an elevated level. Shift in food consumption trend and rising veganism among consumers have led to consumers demanding meat substitutes to balance their nutritional requirements. However, food adulteration is one of the major reasons confining the growth of meat substitutes market.

Key Findings:

Soy is most popular meat substitutes followed by wheat and mycoprotein.

The demand for gluten-free and soy free meat substitutes is increasing is developed countries.

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Segments:

Meat Substitutes market has been segmented on the basis of type which comprises of tofu, tempeh, TVP (textured vegetable protein), quorn, seitan, miso, yaso and others. On the basis of source, market is segmented into soy-based, wheat-based, mycoprotien and others. On the basis of category, market is segmented into vegan, vegetarian, organic, gluten-free and others

Regional Analysis:

The demand for meat substitutes in various region is influenced by the availability of raw materials in that particular region such as North America is influenced by soy production while regions such as Asia Pacific and Europe are influenced by wheat production. Such a scenario would play a critical role in augmenting the particular meat substitute raw material in that particular regional market.

Major Key Players:

The key players profiled in the meat substitutes market are as Beyond Meat (U.S.), Garden Protein International, Inc. (Canada), Amys Kitchen Inc. (U.S.), Quorn Foods (U.K.), MGP Ingredients Inc. (U.S.), Sonic Biochem Extractions Limited (India), Meatless B.V. (Netherlands) and Cauldron Foods (U.K.)

Study Objectives of Meat Substitutes Market:

Detailed analysis of the market segments and sub-segments

To estimate and forecast market size by type, source, category and region

To analyze the key driving forces influencing the market

Region level market analysis and market projections for North America, Europe, Asia, and Rest of the World (ROW) and their countries

Value chain analysis & supply chain analysis

Company profiling of major players in the market

Competitive strategy analysis, mapping of key stakeholders in the market

Analysis of historical market trends, and technologies, and current government regulatory requirements

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Intended Audience:

Meat Substitutes manufacturers

Meat Substitutes Machinery manufacturers

Vegetarian Food Industry

Retailers, wholesalers

E-commerce companies

Traders, Importers and exporters