Global Meat Substitutes Market, By Source (Soy, Wheat, Mycoprotein, Others), Category (Frozen, Refrigerated, Shelf-Stable), Type (Tofu and Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Other Meat Substitutes), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global meat substitutes market to account USD 10.43 billion by 2028 growing at a CAGR of 6.85% in the forecast period of 2021-2028.
Meat replacements are nutritious meat substitutes. They have a taste and appearance that is similar to genuine meat, and they are also healthful and nutritional solutions. Soy, wheat, and other substances are used to make meat alternatives. Tofu is one of the alternatives, and it's commonly used to replace pig, chicken, beef, and other meats.
Meat substitutes' health benefits are a big growing factor for consumers who prefer not to eat meat. Other factors propelling the market include innovative goods and appealing marketing and positioning tactics adopted by market participants. The meat substitute market is expected to rise as a result of rising health concerns among people in developed economies and a growing preference for vegetarian diets. Furthermore, animal epidemics, disposable income, and escalation due to processed meat consumption are likely to fuel the expansion of the meat substitute market throughout the forecast period. Innovative products and attractive marketing and positioning strategies launched by active players will create ample opportunities for the meat substitutes market to grow.
However, the high cost of meat substitutes compared to meat products is a major factor inhibiting the growth of the meat substitute market. In addition, issues related to meat consumption, such as soy allergy and gluten intolerance, are other factors that may affect the growth of the meat substitute market in the forecast period.
This meat substitutes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on meat substitutes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Meat Substitutes Market Scope and Market Size
Meat substitutes market is segmented on the basis of source, category and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the meat substitutes market is segmented into soy, wheat, mycoprotein & others
- On the basis of category, the meat substitute market is segmented into frozen, refrigerated, and shelf-stable.
- On the basis of type, the meat substitutes market is segmented into tofu & tofu ingredients, tempeh, textured vegetable protein, other soy products, seitan, Quorn & other meat substitutes.
Meat Substitutes Market Country Level Analysis
Meat substitutes market is segmented on the basis of source, category and type.
The countries covered in the meat substitutes market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe has emerged as the most important market for meat substitutes. Because of expanding urbanization and rising demand for poultry products in the region,
The country section of the meat substitutes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Meat Substitutes Market Share Analysis
The meat substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to meat substitutes market.
Some of the major players operating in the meat substitutes market report are Ashland, Dow, Chevron Phillips Chemical Company, BASF SE, Exxon Mobil Corporation, Solvay, NALCO India, Air Products and Chemicals, Inc., 3M, FMC Corporation, Akzo Nobel N.V., SNF Group, NASCO, Clariant, Huntsman International LLC., Orica Limited., ArrMaz, Kemira among others.
Customization Available : Global Meat Substitutes Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.