openPR Logo
Press release

Meat Substitute Market 2021: Explore Top Factors that Will Boost the Global Market by 2027

09-17-2021 09:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Meat Substitute Market

Meat Substitute Market

Meat Substitute Market was pegged at $4.51 billion in 2019 and is estimated to hit $8.82 billion by 2027, registering a CAGR of 7.2% from 2021 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Increase in obese population, new product development, rapid growth in the food service industry, and rising concerns regarding environmental sustainability and animal welfare drive the growth of the global meat substitute market. On the other hand, wide availability of substitutes impedes the growth to some extent. Nevertheless, increase in health awareness and veganism is anticipated to create lucrative opportunities in the future.

Download Report (252 Pages PDF with Insights, Charts, Tables, Figures) at : https://www.alliedmarketresearch.com/request-sample/816

Covid-19 scenario-
• The outbreak of COVID-19 has made people more health consciousness and the demand for plant-based diet and other organic sources has increased to a significant extent, thereby boosting the global meat substitute market.
• Nevertheless, there have been disorders in the supply of raw materials owing to lockdown which has affected the market to some extent.

The global meat substitute market is analyzed across product type, source, category, and region.
On the basis of category, the frozen segment held more than three-fourths of the global meat substitute market share in 2019 and is expected to retain its dominance by the end of 2027. The fact that ready meals, including cooked and semi-cooked meat substitute food products have become increasingly popular across the world has propelled the growth of the segment. The shelf stable segment, on the other hand, would register the fastest CAGR of 9.9% during the forecast period, due to the fact that the outbreak of the COVID-19 pandemic led to increase in demand for shelf-stable meat substitutes among individuals.

On the basis of source, the soy-based segment garnered nearly two-thirds of the total market revenue in 2019 and is anticipated to retain its dominance throughout the forecast period. This is attributed to the fact that soy proteins, including soy protein isolate and soy protein concentrate, are the major ingredients in structured plant-based alternative products, owing to their abundance, low-cost, meat-like texture after hydration, and high amino acid composition. Simultaneously, the wheat-based segment would portray the fastest CAGR of 10.0% from 2021 to 2027, due to high nutritional content in the products.

Based on region, Europe held the major share in 2019, generating nearly two-fifths of the global meat substitute market. At the same time, Asia-Pacific would manifest the fastest CAGR of 9.4% by 2027. The other provinces discussed in the report include North America and LAMEA.

Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/816

The leading market players analyzed in the global meat substitute market report include Beyond Meat, Cauldron Foods, MGP Ingredients, Garden Protein International, Inc., Vbites Food, Ltd., Meatless B.V., Quorn Foods, Sonic Biochem Extractions Limited, Morningstar Farms, and Amy’s Kitchen. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Meat Substitute Market 2021: Explore Top Factors that Will Boost the Global Market by 2027 here

News-ID: 2396831 • Views: 195

More Releases from Allied Market Research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for Meat

Meat Snacks Market
2019-2025 Meat Snacks Market Report with Depth Analysis Global Meat Snacks Market report covers the current scenario (with the base year being 2018) and the growth prospects of the global market for 2019-2025. The report presents a comprehensive overview, market size, shares, and growth opportunities of Meat Snacks market by product type, application, key manufacturers and key regions. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/296717 Scope of the Report: Furthermore, Meat Snacks Market report discusses the key drivers influencing market growth, opportunities, the
Meat Processing Equipment Market- Staggering demand for meat products 2025
Global Meat Processing Equipment Market: Snapshot Changing food preferences, lifestyles, tastes, and habits of the global population have bolstered the growth of the market for meat processing equipment. Developing economies such as China and India have been exhibiting enormous demand for meat over the last few decades. Industrialization, growing urbanization, Western influence on the food habits of Eastern consumers, and the growing disposable incomes of people have offset the growth of
Processed Poultry Meat Market, Future Analysis By Type(Chicken Meat, Turkey Meat …
The production and consumption of meat has considerably increased worldwide over the years. Poultry meat has a higher demand among consumers, as it is less expensive compared to other meat products. Processed poultry meat is derived from the processing and treatment of raw poultry meat to prolong its shelf life and to enhance its taste. These processes includes use of chemical preservatives such as sodium nitrite. Processed poultry has gained
US Meat Market 2017-2025
IndexBox has just published a new report "U.S. Meat Processed From Carcasses Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-meat-processed-from-carcasses-market-analysis-and-forecast-to-2020/ ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work
Meat in South Africa 2017
ReportsWorldwide has announced the addition of a new report title Meat in South Africa 2017 to its growing collection of premium market research reports. Meat in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential
Meat in Brazil 2017
ReportsWorldwide has announced the addition of a new report title Meat in Brazil 2017 to its growing collection of premium market research reports. Meat in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource for