Global Meat Substitutes Market Forecasted to Record Steady Growth at a CAGR of 6.85% Due to Rising health concerns due to increasing obesity levels During 2018-2025
The Global Meat Substitutes Market is expected to reach USD 7.36 billion by 2025, from USD 4.33 billion in 2017, growing at a CAGR of 6.85% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
This market report defines the market trends and forecast the upcoming opportunities and threats of the meat substitutes market in the next 8 years. Meat substitutes are products, which are similar to actual meat in terms of taste, appearance and flavour. They are also a healthier and nutritional substitute. Meat substitutes are composed of ingredients such as soy, wheat, and others. Tofu is one of the most popular meat substitutes, and widely used as an alternative for pork, chicken, beef, and other meats. Increase in obesity rates and health problems like heart diseases, high blood pressure, diabetes, asthma, and others across the world. These health issues have declined consumption of meat, and promoting substitute meat products, which are high in nutritional value, have similar taste & texture as meat. Health benefits of meat substitutes over meat are a major growth factor among consumers. Other factors driving the market are innovative product launches by players operating in the market and attractive marketing and positioning strategies. However, a variety of low-cholesterol meat products available in the market including lean meats may restrict the growth of the market.
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This Report Consists of –
• No of pages: 350, No of Figures: 60, No of Tables: 220
Global Meat Substitutes Market, By Category (Frozen, Refrigerated, Shelf-Stable), By Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein , Other Soy Products, Seitan, Quorn & Other Meat Substitutes), By Source (Soy, Wheat, Mycoprotein & Others), By Geography (APAC, Europe, Middle East, Africa, North America & South America)– Industry Trends and Forecast to 2025
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Frequently Asked Questions?
• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Meat Substitutes Market?
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Major Market Drivers & Market Restraint: Global Meat Substitutes Market
• Health benefits of meat substitutes
• Rising health concerns due to increasing obesity levels.
• Technological advancements to develop new product lines.
• Increased preference for vegetarian and vegan foods.
• Ill effects of consuming meat substitutes.
Market Segmentation: Global Meat Substitutes Market
The global meat substitutes market is segmented based on category, type, source.
Based on category, the global meat substitutes market is segmented into
• refrigerated and
On the basis of type, the global meat substitutes market is segmented into
• tofu & tofu ingredients,
• textured vegetable protein,
• other soy products,
• quorn and other meat substitutes
The other soy product is further sub segmented into
• yaso, and nattô.
The other meat substitute is further sub segmented into
• lupine and
• pea protein
On the basis of source, the global meat substitutes market is segmented into
• mycoprotein and other sources.
The other sources is further sub segmented into
• and milk
Based on geography, the global meat substitute’s market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Asia-Pacific and,
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Top Competitors of Market
• Amy’s Kitchen,
• Archer Daniels Midland,
• Beyond Meat,
• Blue Chip Group among others,
• The Nisshin Ollio Group,
• Sonic Biochem Limited,
• MGP Ingredients,
• Garden Protein International,
• Beyond Meat,
• Amy’s Kitchen,
• Quorn Foods,
• KELLOGG NA CO.,
• The Monday Campaigns
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