Press release
Meat Substitutes Market To Forsee Commendable Growth of USD 9.7 Bn By 2032 | FMI
Meat Substitutes Market
People's growing health consciousness is a significant growth driver in the market, driving up demand for vegetarian foods. In addition, rising environmental awareness about the environmental impact of animal farming, as well as the emerging vegan trend, are driving demand for meat substitutes.
Plant-based protein-infused foods and ingredients are high in protein and have a meat-like texture. Furthermore, high-protein sources like soy and peas are used as a substitute for pork, beef, and chicken. The growing vegetarian population, combined with the growing health and fitness trend, would drive up the consumption of plant-based protein foods like meat substitutes.
Furthermore, pro-animal welfare campaigns to promote the consumption of all plant foods such as cereals, vegetables, seeds, fruits, pulses, spices, herbs, and nuts are on the rise. As a result, the global market for Meat Substitutes is expected to grow in the coming years.
To remain 'ahead' of your competitors, request for @ https://www.futuremarketinsights.com/reports/sample/rep-gb-899
Key Takeaways from Market Study
In China, the meat substitute industry benefits from a comparatively high rate of penetration, with an increased rate of 20%(y-o-y) in 2021.
The meat substitute market in India is expected to grow at an 8% CAGR between 2022 and 2032.
The meat substitute market in the United States is expected to grow at a CAGR of 6% between 2022 and 2032.
Brazil remains one of the world's most populous vegetarian countries, accounting for nearly 8% of the global population.
As more people switch to vegetarian diets, the meat substitute market in Mexico is steadily expanding. As a result of their vegetarianism, 20% of Mexicans, primarily young consumers, have reduced their consumption of meat and animal-derived foods.
"The pandemic of coronavirus has accelerated the growth of the meat substitutes industry. This increase can be attributed to a shortage of fresh meat as a result of supply chain disruptions and a lack of workers in meat-processing plants," says a lead analyst at Future Market Insights.
Who is winning?
Manufacturers are continuously focusing on developing unique meat substitutes that closely resemble not only the taste and texture of meat but also the savoury characteristics of meat in order to boost product sales and differentiate themselves from the fierce competition.
Nestlé launched its meat substitute product line in the Philippines under the name Harvest Gourmet in November 2021, on World Vegan Day, with Chargrilled Pieces that remarkably replicate the look, flavour, and texture of chicken nuggets.
Some of the key market participants include DuPont (US), ADM (US), Kerry Group (Ireland), Ingredion Incorporated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Foods (US), MGP Ingredients (US), The Top Health Ingredients (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar International Limited (Singapore), Sotexpro S. (Canada).
Get a Customized Scope to Match Your Need Ask an Expert@ https://www.futuremarketinsights.com/ask-question/rep-gb-899
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the meat substitute market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
By Source :
Soy-based Meat Substitutes
Wheat-based Meat Substitutes
Mycoprotien-based Meat Substitutes
Other sources of Meat Substitutes
By Product :
Tofu
Tempeh
Seitan
RTC/RTE
Natto
Other Products
By Sales Channel :
Offline Sales Channel
Supermarkets/Hypermarkets
Departmental Stores
Convenience Store
Other Sales Channel
Online Sales Channel
Company Website
E-commerce Platform
Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
The report covers exhaustive analysis on:
What is the meat substitutes market valued at in 2021?
At what rate is the meat substitutes market anticipated to grow in the forecast period?
What is the anticipated worth of the meat substitute market by 2032 end?
Who are the prominent players in the global meat substitutes market?
Which are the countries contributing in the expansion of meat substitutes market?
At what level does the report reflect pricing analysis?
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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 Substitutes Market To Forsee Commendable Growth of USD 9.7 Bn By 2032 | FMI here
News-ID: 2704713 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for Meat
Binders and Scaffolders for Meat & Meat Substitutes Market by Type, Application, …
"Binders function by absorbing water, which improves product yield and thus lowers protein costs."
Meat binders are naturally occurring compounds present in a variety of vegetables, fruits, cereal flours, etc. in abundance, and act through their solubility, viscosity, gel-forming ability, water-binding capacity, oil adsorption capacity, fermentability, and mineral and organic molecule binding capacity, which affect the product quality and characteristics. Besides these, high-fiber intake tends to reduce the risk of colon…
Global Meat Slicers Market, Global Meat Slicers Industry, Covid-19 Impact Global …
Meat slicers can be utilized for more than just meat. With meat slicer can generate perfectly uniform onion slicer, pepper rings and several others. Anything you can cut with a mandoline, you can cut with a meat slicer. It functions high for anything you want to cut ultra-thin-much better than a knife. A meat slicer, also called a slicing machine, deli slicer or simply a slicer, is a tool utilized…
TREND OF ‘CLEAN MEAT’ TO SPUR GROWTH OF MEAT ALTERNATIVES MARKET
The global meat alternatives market is anticipated to see robust growth in the coming years, according to a report by Transparency Market Research (TMR). The market’s vendor landscape features moderate rivalry among players. Established global vendors currently hold a greater market share, and the rest is fragmented among regional and small players. A large variety in the product portfolio acts as a barrier against the entry of new players in…
Meat paste Market Driven by Increasing Consumption of Meat Based Products
Meat paste is made by layering dried meat with fermented soybeans along with salted water. Meat paste possesses spicy, harmonious flavor in the combination of roasted and meat odor to provide rich mouth feeling. Meat paste is produced by forcing pork, beef, turkey, chicken etc. in pureed or ground form under high pressure to separate the bone from edible meat tissue. Meat paste is also known as mechanically separated meat,…
GCC Processed Meat Market: Increasing Meat Consumption to Create Lucrative Oppor …
The processed meat market in the GCC is primarily driven by the busy lifestyles of consumer in the region over the years. This has caused people to opt for ready-to-consume food items or those that can be served in a short span of time.
Aggressive marketing strategies by manufacturers and increased investments in advertising are also responsible for the growing demand for processed meat in the GCC. Other factors driving the…
Duck Meat Market Report 2018: Segmentation by Product (fresh duck meat, processe …
Global Duck Meat market research report provides company profile for COOPERATIVE FOIE GRAS DE CHALOSSE, Courtin Hervouet, Delpeyrat, Famille Dumecq – Canard des Landes, Ferme Uhartia, Jean LARNAUDIE, Lu Canard, Luv-a-Duck, TCH Group and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
