The market crossed US$ 6.2 billion mark in 2022 and is expected to hit US$ 12.4 billion by 2030, recording a CAGR of 11.05% during the forecast period.
The Meat Substitutes Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Meat Substitutes market growth.
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Key Players:
- DuPont
- ADM
- Kerry Group
- Ingredion Incorporated
- Cargill
Meat substitutes market has been significantly growing with the growing preference for plant-based Proteins
Meat products provide proteins to the body with the necessary amino acids, but they are also heavy in cholesterol, which leads to a number of major health problems. This became the main driver of increased demand for meat substitutes such as plant-based protein foods. Moreover, a substantial increase in the vegan population has been noticed in various regions, hence bolstering the market growth. Furthermore, the risk of animal-borne disease associated with meat products has gradually created an undesirable impact on the consumers and rise in health concerns. On the contrary, the production of plant-based food involves fewer chances for contamination. This has enabled to create a positive impact on the meat substitute market.
Within the report, the market is segmented into product, source, category, distribution channel, and geography. By product type, the market is further segmented into tofu, tempeh, textured vegetable protein, seitan, quorn, and others. On the basis of source, the market is bifurcated into soy protein, wheat protein, pea protein, and others. By category, the market is categorized into frozen, refrigerated, shelf table, and others. Based on distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, online retail, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
In this report, the market has been segmented on the basis of:
- Product:
- Tofu
- Tempeh
- Textured Vegetable Protein
- Seitan
- Quorn
- Other Products
- Source:
- Soy Protein
- Wheat Protein
- Pea Protein
- Other Sources
- Category:
- Frozen
- Refrigerated
- Shelf Table
- Others
- Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Companies Profiled in this report includes:
The report offers in-depth assessment of the growth and other aspects of the Meat Substitutes market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
Meat Substitutes Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Meat Substitutes Market
- Meat Substitutes Market Overview
- Meat Substitutes Market Competition
- Meat Substitutes Market, Revenue and Price Trend
- Meat Substitutes Market Analysis by Application
- Company Profiles and Key Figures in Meat Substitutes Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Meat Substitutes market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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