Global Meat Substitutes Market, By Source (Soy, Wheat, Mycoprotein & Others), Category (Frozen, Refrigerated, Shelf-Stable), Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn & Other Meat Substitutes), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, 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, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Meat Substitutes Market
Global meat substitutes market is expected to reach USD 7.36 billion by 2027, growing at a CAGR of 6.85% for the forecast period of 2020 to 2027.
The meat substitutes are healthy alternatives to meat. They resemble real meat in terms of taste, and in some cases appearance and they are also of healthy and nutritious options. Meat substitutes are made with soy, wheat and other ingredients. Tofu is one of the alternatives and is widely used as a substitute for pork, chicken, beef and other meats. Increased esophageal rates and health problems such as heart disease, hypertension, diabetes and asthma have reduced meat consumption and promoted alternative meat products with high nutritional value, with the same flavor and texture as meat. The health benefits of meat substitutes are a major growth factor for consumers than meat. Innovative products and attractive marketing and positioning strategies launched by active players in the market are other factors driving the market.
Tofu is widely consumed as an alternative to pork, chicken and beef products which is the best opportunity for the market players to expand its growth in the market.
Health problems among individuals in developed economies and the growing preference for vegetarian foods are the key factors for the growth of the global meat substitute market. In addition, many diseases are expected to fuel the growth of the global meat substitute market in the forecast period, with animal outbreaks, disposable income, and escalation due to the consumption of processed meat.
However, the high cost of meat substitutes compared to meat products is a major factor preventing the growth of the global 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 global meat substitute market in the forecast period.
This global 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 global 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 analyses and market size, volume information is provided by country by source, category and type as referenced above.
The countries covered in the meat substitutes market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, 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, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)
Europe emerged as the largest market that dominates the meat substitutes market because of growing demand for poultry product in the region and increasing urbanization 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 Market Share Analysis
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.
The major players covered in the meat substitutes 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 and among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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 (Factbook) or can assist you in creating presentations from the data sets available in the report.