Press release
Meat Substitute Market To Exhibit Surge In Revenue Growth During Forecast Period : Fact.MR
A recent study by Fact.MR on the meat substitute market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering meat substitutes.The study also provides the dynamics responsible for influencing the future status of the meat substitute market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
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A list of prominent companies operating in the meat substitute market, along with their product portfolios, key strategies and SWOT analysis, enhances the reliability of this comprehensive research study.
Key Segments Covered in the Meat Substitute Industry Survey
By Source :
Plant-based Protein Meat Substitutes
Mycoprotein Meat Substitutes
Soy-based Meat Substitutes
Other Meat Substitutes
By Distribution Channel :
Meat Substitute Sales through Foodservice Channels
Meat Substitute Sales through Retail Channels
Competitive Landscape
The global meat alternative market landscape is highly competitive, characterized by the presence of established players as well as new entrants. Given the rising consumption of non-meat based food products due to multiple reasons, food manufacturers are introducing multiple product lines while simultaneously maintaining the taste associated with consuming meat-based foods. Moreover, collaborations, mergers & acquisitions and partnerships are relied upon. Some prominent development are:
In January 2022, Beyond Meat Inc. and Pizza Hut announced the launch of plant-based Beyond Italian Sausage Crumbles as a permanent offering at Pizza Hut Canada locations nationwide. These crumbles are designed to offer the meaty texture and savory taste associated with Pizza Hut's traditional Italian pork sausage, but sourced from plant-based ingredients
In March 2022, Impossible Foods Inc. introduced its flagship Impossible Beef Made from Plants in supermarkets throughout Australia and Aotearoa New Zealand. This marks the first time Impossible Beef can be purchased in supermarkets in both regions- a mere four months since the company initially landed in restaurants across ANZ
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Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of meat substitute products across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of meat substitute products during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Companies Profiled
Amy's Kitchen
Beyond Meat
Impossible Foods Inc.
Quorn Foods
The Kellogg Company
Unilever
Meatless B.V
VBites Foods Ltd.
Sunfed
Tyson Foods Inc.
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Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume ('000 Units) and value (US$ Mn).
Estimates at global and regional levels for meat substitutes are available in terms of "US$ Mn" for value and in "'000 Units" for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global meat substitute market.
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