Meat Substitutes Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Source, Type, Form, Application, and Geography

Global Meat Substitutes Market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin. According to this business document, key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the industry. Global meat substitutes market is expected to reach USD 7.36 billion by 2027, growing at a CAGR of 6.85% for the forecast period of 2020 to 2027.

The meat substitutes are healthy alternatives to meat. They resemble real meat in terms of taste, and in some cases appearance and they are also of healthy and nutritious options. Meat substitutes are made with soy, wheat and other ingredients. Tofu is one of the alternatives and is widely used as a substitute for pork, chicken, beef and other meats. Increased esophageal rates and health problems such as heart disease, hypertension, diabetes and asthma have reduced meat consumption and promoted alternative meat products with high nutritional value, with the same flavor and texture as meat. The health benefits of meat substitutes are a major growth factor for consumers than meat. Innovative products and attractive marketing and positioning strategies launched by active players in the market are other factors driving the market.

Few of the leading organizations’ names are listed here- Ashland, Dow, Chevron Phillips Chemical Company, BASF SE, Exxon Mobil Corporation, Solvay, NALCO India, Air Products and Chemicals, Inc., 3M, FMC Corporation, Akzo Nobel N.V., SNF Group, NASCO, Clariant, Huntsman International LLC., Orica Limited., ArrMaz, Kemira and among other domestic and global players.

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Succinct Description of the Market:

Tofu is widely consumed as an alternative to pork, chicken and beef products which is the best opportunity for the market players to expand its growth in the market.

Health problems among individuals in developed economies and the growing preference for vegetarian foods are the key factors for the growth of the global meat substitute market. In addition, many diseases are expected to fuel the growth of the global meat substitute market in the forecast period, with animal outbreaks, disposable income, and escalation due to the consumption of processed meat.

However, the high cost of meat substitutes compared to meat products is a major factor preventing the growth of the global meat substitute market. In addition, issues related to meat consumption, such as soy allergy and gluten intolerance, are other factors that may affect the growth of the global meat substitute market in the forecast period.

This global meat substitutes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global meat substitutes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Meat Substitutes Market Country Level Analysis

The countries covered in the meat substitutes market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)

Europe emerged as the largest market that dominates the meat substitutes market because of growing demand for poultry product in the region and increasing urbanization in the region.

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In this study, the years considered to estimate the market size of Meat Substitutes are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2027

Crucial Market Segment details-:

On the basis of source, the meat substitutes market is segmented into soy, wheat, mycoprotein & others
On the basis of category, the meat substitute market is segmented into frozen, refrigerated, and shelf-stable.
On the basis of type, the meat substitutes market is segmented into tofu & tofu ingredients, tempeh, textured vegetable protein, other soy products, seitan, quorn & other meat substitutes.

Methodologies utilized to evaluate the market-:

Meat substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to meat substitutes market.

Research strategies and tools used-:

This MEAT SUBSTITUTES market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter’s Five Forces Analysis and PEST analysis.

Table of Contents

1 Meat Substitutes Market Overview

2 Manufacturers Profiles

3 Global Meat Substitutes Market Competitions, by Players

3.1 Global Meat Substitutes Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Meat Substitutes Players Market Share

3.2.2 Top 10 Meat Substitutes Players Market Share

3.3 Market Competition Trend

4 Global Meat Substitutes Market Size by Regions

5 North America Meat Substitutes Revenue by Countries

6 Europe Meat Substitutes Revenue by Countries

7 Asia-Pacific Meat Substitutes Revenue by Countries

8 South America Meat Substitutes Revenue by Countries

9 Middle East and Africa Revenue Meat Substitutes by Countries

10 Global Meat Substitutes Market Segment by Type

11 Global Meat Substitutes Market Segment by Application

12 Global Meat Substitutes Market Size Forecast (2019-2027)

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 Conclusion:  

This Meat Substitutes research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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