Global Meat Substitutes Market: Emerging Trends, Major Key Players Archer Daniels Midland (ADM) and Roquette

According to the report, The global Meat Substitutes market is expected to grow from $ billion in 2020 to $ billion in 2028 at a CAGR of 15% from 2021 to 2028. The rise in the popularity of meat substitutes can be traced to many factors. The growth of vegetarianism and veganism has led to a decrease in meat consumption. Furthermore, the obesity epidemic in many parts of the world is also prompting a shift towards healthier eating and lifestyle trends. While vegetarian diets are contributing significantly towards this growth, other factors like health consciousness and concerns about animal welfare are also spurring interest in meat alternatives.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global MEAT SUBSTITUTES industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Meat Substitutes market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Meat Substitutes players holding highest market share include Archer Daniels Midland (ADM), Roquette, Kerry Inc. and Ingredion Incorporated. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Archer Daniels Midland (ADM)
• Roquette
• Kerry Inc.
• Ingredion Incorporated
• Sotexpro S.A
• CRESPEL & DEITERS
• CHS INC
• Südzucker
• MGP
• Emsland Group

Segmental Analysis

Market Segment By Source with focus on market share, consumption trend, and growth rate of MEAT SUBSTITUTES Market:
• Soy protein
• Wheat protein
• Pea protein
• Micro protein
• Others

Market Segment By Category with focus on market share, consumption trend, and growth rate of MEAT SUBSTITUTES Market:
• Frozen
• Refrigerated
• Shelf Stable

Market Segment By Type with a focus on market share, consumption trend, and growth rate of MEAT SUBSTITUTES Market:
• Concentrates
• Isolates
• Textured

Market Segment By Product with a focus on market share, consumption trend, and growth rate of MEAT SUBSTITUTES Market:
• Tofu
• Tempeh
• Seitan
• Quor
• Textured Vegetable Protein (TVP) -Based and Others

Market Segment By Form with a focus on market share, consumption trend, and growth rate of MEAT SUBSTITUTES Market:
• Solid
• Liquid

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Global Meat Substitutes Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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