Press release
Meat Substitute Market Growing Popularity and Emerging Trends | Beyond Meat, China Foodstuff & Protein Group
Meat Substitute Market
Major Players in This Report Include: The Kellogg Company, Beyond Meat Inc, China Foodstuff & Protein Group Co Ltd, International Flavors & Fragrances Inc, Conagra Brands Inc, Cargill Inc, Amy's Kitchen Inc, Vitasoy International Holdings Lt, House Foods Group Inc, Impossible Foods Inc, Morinaga Milk Industry Co Ltd.
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The Meat Substitute Industry size was valued at USD 41.52 Million in 2023 and is projected to reach USD 56.75 Million by 2032, exhibiting a CAGR of 6.02 % during the forecasts periods. The meat alternatives industry focuses on products designed to replicate the taste, texture and nutritional profile of traditional meat but made from alternative sources. These alternatives include plant-based proteins such as soy, pea and lentil products, as well as more advanced innovations such as lab-grown meat and mycoprotein. The industry has grown in popularity due to growing consumer awareness of health, environmental sustainability and ethical concerns around animal welfare. Market growth is being driven by technological advances that improve the quality and variety of meat alternatives, as well as increased availability in traditional and specialty food stores. The industry has seen significant investment and innovation in recent years, resulting in a wider range of products and greater consumer acceptance. The global market for meat alternatives is expanding rapidly, with demand increasing significantly in regions such as Europe and North America, reflecting a shift towards more sustainable and health-friendly eating habits.
Emerging Trends in Meat Substitute Industry:
• Hybrid meat products that combine plant-based and animal-based proteins
• Expansion of meat substitutes into new categories, such as bacon and steak
• Increased investment in R&D to improve taste, texture, and nutritional value
Market Drivers:
• Growing Demand for Nutricosmetics Among Millennials; Growing Beauty and Wellness Trend
Restrains:
• Stringent Government Regulations and Product Guidelines
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Significant developments in Meat Substitute Industry Sector:
1. September 2023: House Food Groups Inc. acquired Keystone Natural Holdings, LLC, a leading manufacturer of tofu and plant-based foods in North America.
2. July 2023: Beyond Meat expanded its range in Germany with two new plant-based chicken-style products: Beyond Nuggets and Beyond Tenders.
3. April 2023: Beyond Meat launched Beyond Pepperoni and Beyond Chicken Fillet, building on their recent rollout of Beyond Steak.
In this research study, the prime factors that are impelling the growth of the Global Meat Substitute market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Meat Substitute market study is being classified Type: Tempeh, Textured Vegetable Protein, Tofu, Other Meat Substitutes, Distribution Channel: Off-Trade, On-Trade
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Meat Substitute market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Extracts from Table of Contents
Meat Substitute Market Research Report
Chapter 1 Meat Substitute Market Overview
Chapter 2 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 3 Global Market Analysis by Application
Chapter 4 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 5 Global Economic Impact on Industry
Chapter 6 Global Market Competition by Manufacturers
Chapter 7 Global Revenue (Value, Volume*) by Region
………………….continued
This report also analyses the regulatory framework of the Global Markets Meat Substitute Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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About Author:
DiMarket is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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