Press release
Meat Substitutes Market Projected Revenue Surge to USD 5.44 Billion by 2030, with a 13.5% CAGR
Meat Substitutes Market
Meat Substitutes Market Report Overview:
The global Meat Substitutes Market is poised for a monumental expansion, with projections indicating a staggering growth trajectory. According to recent data, the market, valued at USD 2.24 Billion in 2023, is expected to witness a meteoric rise, reaching nearly USD 5.44 Billion by 2030, representing a remarkable CAGR of 13.5% during the forecast period.
A paradigm shift in consumer dietary preferences, fueled by health consciousness and sustainability concerns, is driving this exponential growth. Plant-based proteins, including soy, wheat, and pea protein, are at the forefront of this revolution. These substitutes not only offer a diverse range of nutritional benefits but also address critical health concerns such as cardiovascular diseases and cancer risk reduction.
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Meat Substitutes Market Scope and Research Methodology:
Our research methodology encompasses a blend of primary and secondary research techniques to gather and analyze data from multiple reliable sources. The report employs various analytical tools and models to provide accurate market forecasts and insights. Additionally, it includes a comprehensive SWOT analysis and Porter's Five Forces analysis to assess the competitive landscape and market attractiveness.
Meat Substitutes Market Segmentation:
by Type
Isolates
Concentrates
Textured
by Source
Soy protein
Wheat protein
Pea protein
Other sources
by Product
Tofu
Tempeh
Seitan
Quorn
Other types (risofu, valess, and lupine)
The Isolates section 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 often 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 need 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%.
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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)
Meat Substitutes Market Regional Insights:
The report provides insights into the regional landscape of the Meat Substitutes market, highlighting key trends, growth drivers, and challenges in each geographic region. It offers a comprehensive analysis of market dynamics, regulatory frameworks, and investment opportunities across major markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Inquiries:
• What are the key factors driving the growth of the Meat Substitutes market?
• What are the major challenges hindering market growth, and how can they be addressed?
• What are the emerging trends and opportunities in the market?
• Who are the leading players in the Meat Substitutes market, and what are their strategies to maintain their position?
• Which regions are expected to witness significant growth in the forecast period, and why?
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Primary Offerings:
• Comprehensive analysis of the Meat Substitutes market, including drivers, restraints, opportunities, and challenges.
• In-depth segmentation of the market based on product type, application, end-user industry, and geography.
• Profiling of key players and assessment of their strategies, product portfolios, and recent developments.
• Regional analysis with insights into market dynamics, regulatory landscape, and investment opportunities.
• Market forecasts and trends for the period 2023-2029, aiding stakeholders in making informed decisions.
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Maximize Market Research is a leading market research and business consulting firm catering to clients worldwide. Our expertise lies in delivering customized research solutions that address the specific needs and objectives of our clients across various industries. With a team of experienced analysts and consultants, we strive to provide actionable insights and strategic recommendations to help businesses navigate through market uncertainties and achieve sustainable growth.
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