Press release
Meat Substitutes Market to Witness Transformational Changes by 2030
Meat Substitutes Market size was valued at USD 2.24 Billion in 2023 and the total Meat Substitutes revenue is expected to grow at a CAGR of 13.5% from 2024 to 2030, reaching nearly USD 5.44 Billion by 2030.Meat Substitutes Market Report Scope and Research Methodology
The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Meat Substitutes industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.
The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.
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What are Meat Substitutes Market Dynamics?
Governments worldwide are allocating increased funds to their defense budgets, leading to a surge in demand for Meat Substitutes. As the nature of warfare evolves, there is a growing need for advanced and refined Meat Substitutes to counter emerging threats. Technological advancements and innovations are enabling the development of cutting-edge Meat Substitutes with enhanced capabilities.
Meat Substitutes Market Segmentation?
by Type
Isolates
Concentrates
Textured
The Isolates segment has the highest protein content and is the purest form of the protein according to type. Meat substitutes are accessible in pure or isolate forms due to their high protein content, and protein food and beverage makers generally accept and favor these forms. Soy, peas, rice, or canola can all be used to produce protein isolates. Foods high in protein and meat alternatives have become more and more popular recently because of their positive effects on the environment and human health. As a result, there is a greater demand for protein isolates, which are an excellent source of protein. The most popular kind of isolate protein to eat is Soy Protein Isolate (SPI). It is extracted from soybean beans and has a protein content of 93-97%.
by Source
Soy protein
Wheat protein
Pea protein
Other sources
According to Source, one of the cereal grains that is consumed worldwide most frequently is wheat. In response to the increasing popularity of low-fat diets, producers of high-protein and low-fat meals prefer wheat protein. Additionally, it's a binder ingredient in vegetable burgers, meatloaf, and meatballs. Wheat proteins are inexpensive, versatile, and can be flavored with paprika, ginger, garlic, soy sauce, and fennel. They can be used in burger patties, sausages, and nuggets. Around the world, a number of companies that produce plant-based proteins are actively producing a variety of plant proteins for use in food and beverages. For those without dietary allergies, wheat offers fiber, vitamins, minerals, and antioxidants.
by Product
Tofu
Tempeh
Seitan
Quorn
Other types (risofu, valess, and lupine)
Bean curd, or soybean curd, is another name for the Tofu product category. Soymilk that has been curdled is a beverage created from cooked soybeans that has iron in it. Tofu has been a mainstay of Asian cuisines for many years. A vegan diet must contain enough amounts of iron, potassium, protein, calcium, and vitamin 12, all of which tofu offers in large amounts. It is a highly nutritious food. Tofu is utilized in many different Chinese dishes and recipes, such as stir-fried dishes and broths. Because of its ability to be altered into any texture and shape, it now accounts for a sizable portion of all vegan food produced.
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Who are Meat Substitutes Market Key Players?
North America:
1. DuPont (US)
2. ADM (US)
3. Kerry Group (Ireland)
4. Ingredion Incorporated (US)
5. PURIS (US)
6. Cargill (US)
7. Axiom Foods (US)
8. A&B Ingredients (Canada)
9. Batory Foods (US)
10. The Green Labs LLC (US)
Europe:
1. Roquette Frères (France).
2. Crespel&Deiters (Germany)
3. Sotexpro S.A (France)
4. All Organic Treasures GMBH (Germany)
5. Beneo (Germany)
Asia Pacific:
1. Wilmar International Limited (Singapore)
2. Sonic Biochem Ltd (India)
3. The Nisshin OilliO Group, Ltd (Japan)
4. Shandong Jianyuan Group (China)
5. ET Chem (China)
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Table of content for the Meat Substitutes Market includes:
Part 01: Executive Summary
Part 02: Scope of the Meat Substitutes Market Report
Part 03: Global Meat Substitutes Market Landscape
Part 04: Global Meat Substitutes Market Sizing
Part 05: Global Meat Substitutes Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The global Meat Substitutes market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Meat Substitutes to bolster military capabilities.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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