Meat Substitute Market Key Companies and Analysis, Top Trends by 2032

The meat substitute market was valued at USD 1.89 billion in 2021 and it is expected to grow at a CAGR of 13.5% during the forecast period. The global market for meat substitutes is projected to reach USD 4.04 billion by 2027.

Analytics Market Research has added a new key research reports covering Meat Substitute market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Meat Substitute market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Meat Substitute market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

The Meat Substitute research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

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Increasing health consciousness and growing vegan diet preference are anticipated to drive market demand during the forecast period. The market has grown more quickly as a result of rising environmental and ethical consciousness.

Traditional meat products can be replaced with plant-based meat as a healthier option. The preference for natural sources among more than half of protein consumers is fueling a shift toward easily recognisable and pure molecules.

Since many plant-based protein sources claim to have a lower carbon footprint than conventional protein sources and are considered to be healthier, more sustainable, and easier on the environment as a whole, they have become important drivers of the global acceptance of meat alternatives.

The largest category was occupied by plant-based protein in 2021, and it is anticipated that it would continue to dominate during the projected period. The expansion of this market will be fueled by rising consumer concern over the harmful health impacts of eating diets high in animal protein (such as increased saturated fatty acids).

The demand is increasing as businesses like Beyond Meat and Impossible Foods Inc. deliver alternative protein products to more dining establishments and supermarkets. They are working with retailers on promotions and marketing while also utilising their size to expand distribution.

In 2021, the retail sector dominated the market and contributed a substantial portion of revenue. Since more consumers no longer eat meat or have severely cut their intake, supermarket chains have greater room to draw customers to their stores to purchase products besides meat.

Market Segmentation

Global Meat Substitute Market: Segmentations

Global Meat Substitute Market: By Key Players
Amys Kitchen
Beyond Meat
Cauldron Foods
Gardein Protein International
Quorn Foods
Vbites Food
Morningstar Farms
MGP Ingredients
Sonic Biochem Extractions
Archer Daniels Midland
DowDuPont
Nisshin OilliO
VBites
Impossible foods
Sunfed foods
Tofurky
Field Roast
Yves Veggie Cuisine
Trader Joe`s
Lightlife
Boca Burger

Global Meat Substitute Market: By Types
Tofu-based
Tempeh-based
TVP-based
Seitan-based
Quorn-based

Global Meat Substitute Market: By Applications
Vegetarian
Non-vegetarian

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Global Meat Substitute Market: Regional Analysis
The countries covered in the regional analysis of the Global Meat Substitute market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.

• Market estimation for type and geographic segments is derived from the current maret scenario and expected market trends.

• Porter's Five Force Model and SWOT analysis are used to study the global Meat Substitute market and would help stakeholders make strategic decisions.

• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.

• In-depth analysis of the types of Meat Substitute would help in identifying future applications in this market.

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