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Vietnam Meat Substitutes Market, By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan, Others); By Source (Soy, Wheat, Mycoprotein, Others); By Category (Frozen, Refrigerated, Shelf-Stable); By Region (Southern Vietnam, Central Vietnam, Northern Vietnam), T

Publisher BlueWeave Consulting
Published Jun 13, 2023
Length 200 Pages
SKU # BLWC18033708

Description

Vietnam Meat Substitutes Market, By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan, Others); By Source (Soy, Wheat, Mycoprotein, Others); By Category (Frozen, Refrigerated, Shelf-Stable); By Region (Southern Vietnam, Central Vietnam, Northern Vietnam), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Vietnam Meat Substitutes Market Size Expanding at Significant CAGR of 10.53% During 2023–2029
Vietnam meat substitutes market is gaining traction because of the growing vegetarian and vegan populations and the expansion of modern retail channels.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Vietnam meat substitutes market size to grow at a CAGR of 10.53% during the forecast period between 2023 and 2029. The increasing acceptance of a vegan lifestyle as a result of growing worries about animal mistreatment and unethical practices in the meat industry is one of the main growth factors for the Vietnam Meat Substitutes market. Consumption of animal products has decreased as a result of rising consumer health concerns brought on by the threat of animal-borne diseases. Consumer preference for plant-based meat replacements is growing rapidly, which is emerging as a favorable factor for the development of the Vietnamese meat substitute industry.
Vietnam Meat Substitutes Market – Overview
Meat alternative or meat substitute (also known as plant-based meat or fake meat) is a food product manufactured from vegetarian or vegan components and eaten in place of meat. Plant-based meat alternatives often manufactured from soy, peas, wheat, or mushrooms resemble actual meat in appearance and flavor, making them simple to incorporate into preferred dishes. Vegans hold tofu and tempeh in high regard as popular soy products used as meat substitutes due to their high protein content.
Vietnam Meat Substitutes Market – By Category
Based on category, the Vietnam Meat Substitutes market is segmented into frozen, refrigerated, and shelf stable. Frozen products account for the largest market share. Frozen foods are convenient and economical. They provide detailed cooking instructions that eliminate any chance of error or undercooked food. Additionally, they offer maximum flexibility because of their longer storage time than fresh produce, which is a factor in the market's increased demand, particularly from the working class.
Impact of COVID-19 on the Vietnam Meat Substitutes Market
The unprecedented COVID-19 had a favorable effect on the market for meat substitutes in Vietnam. Due to the concerns about the spread of zoonotic illnesses, the country's meat consumption substantially decreased. A significant part of meat-eating consumers quickly moved to meat alternatives like tofu and soy products. Additionally, the manufacturers of meat substitutes increased the market share of their products by expanding their distribution in physical stores and adding online grocery retailers such as Farmer's Market and Bach Hoa Xanh, to their product offerings.
Competitive Landscape
Major players operating in the Vietnam Meat Substitutes market include VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy's Kitchen, Quorn Foods, The Nisshin Oillio Group, MGP Ingredients, ADM, and Meatless. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Meat Substitutes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Meat Substitutes Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Vietnam Meat Substitutes Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising health consciousness
3.2.1.2. Increasing vegetarian and vegan population
3.2.1.3. Expansion of modern retail channels
3.2.2. Restraints
3.2.2.1. Limited awareness and familiarity
3.2.2.2. Price sensitivity
3.2.3. Opportunities
3.2.3.1. Growing demand for plant-based alternatives
3.2.3.2. Product innovation and development
3.2.4. Challenges
3.2.4.1. Lack of infrastructure and supply chain limitations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Vietnam Meat Substitutes Market Overview
4.1. Market Size & Forecast by Value, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Soy Products
4.2.1.2. Quorn
4.2.1.3. Tempeh
4.2.1.4. Tofu
4.2.1.5. Seitan
4.2.1.6. Others
4.2.2. By Source
4.2.2.1. Soy
4.2.2.2. Wheat
4.2.2.3. Mycoprotein
4.2.2.4. Others
4.2.3. By Category
4.2.3.1. Frozen
4.2.3.2. Refrigerated
4.2.3.3. Shelf-Stable
4.2.4. By Region
4.2.4.1. Southern Vietnam
4.2.4.2. Central Vietnam
4.2.4.3. Northern Vietnam
5. Southern Vietnam Meat Substitutes Market Overview
5.1. Market Size & Forecast by Value, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Source
5.2.3. By Category
6. Central Vietnam Meat Substitutes Market Overview
6.1. Market Size & Forecast by Value, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Source
6.2.3. By Category
7. Northern Vietnam Meat Substitutes Market Overview
7.1. Market Size & Forecast by Value, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Source
7.2.3. By Category
8. Competitive Landscape
8.1. List of Key Players and Their Offerings
8.2. Vietnam Meat Substitutes Company Market Share Analysis, 2022
8.3. Competitive Benchmarking, By Operating Parameters
8.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
9. Impact of Covid-19 on Vietnam Meat Substitutes Market
10. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
10.1. VBites
10.2. Sonic Biochem Limited
10.3. MGP Ingredients
10.4. Beyond Meat
10.5. Amy's Kitchen
10.6. Quorn Foods
10.7. The Nisshin Ollio Group
10.8. MGP Ingredients
10.9. ADM
10.10. Meatless
10.11. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
12.1. Qualitative Research
12.1.1. Primary & Secondary Research
12.2. Quantitative Research
12.3. Market Breakdown & Data Triangulation
12.3.1. Secondary Research
12.3.2. Primary Research
12.4. Breakdown of Primary Research Respondents, By Region
12.5. Assumptions & Limitations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figure
Figure 1 Vietnam Meat Substitutes Market Segmentation
Figure 2 Vietnam Meat Substitutes Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Meat Substitutes Market Size, By Value (USD Million), 2019–2029
Figure 5 Vietnam Meat Substitutes Market Share, By Type, By Value, 2019–2029
Figure 6 Vietnam Meat Substitutes Market Share, By Source, By Value, 2019–2029
Figure 7 Vietnam Meat Substitutes Market Share, By Category, By Value, 2019–2029
Figure 8 Vietnam Meat Substitutes Market Share, By Region, By Value, 2019–2029
Figure 9 Northern Vietnam Meat Substitutes Market Size, By Value (USD Million), 2019–2029
Figure 10 Northern Vietnam Meat Substitutes Market Share, By Type, By Value, 2019–2029
Figure 11 Northern Vietnam Meat Substitutes Market Share, By Source, By Value, 2019–2029
Figure 12 Northern Vietnam Meat Substitutes Market Share, By Category, By Value, 2019–2029
Figure 13 Central Vietnam Meat Substitutes Market Size, By Value (USD Million), 2019–2029
Figure 14 Central Vietnam Meat Substitutes Market Share, By Type, By Value, 2019–2029
Figure 15 Central Vietnam Meat Substitutes Market Share, By Source, By Value, 2019–2029
Figure 16 Central Vietnam Meat Substitutes Market Share, By Category, By Value, 2019–2029
Figure 17 Southern Vietnam Meat Substitutes Market Size, By Value (USD Million), 2019–2029
Figure 18 Southern Vietnam Meat Substitutes Market Share, By Type, By Value, 2019–2029
Figure 19 Southern Vietnam Meat Substitutes Market Share, By Source, By Value, 2019–2029
Figure 20 Southern Vietnam Meat Substitutes Market Share, By Category, By Value, 2019–2029
List of Tables
Table 1 Vietnam Meat Substitutes Market Size, By Type, By Value, 2019–2029
Table 2 Vietnam Meat Substitutes Market Size, By Source, By Value, 2019–2029
Table 3 Vietnam Meat Substitutes Market Size, By Category, By Value, 2019–2029
Table 4 Northern Vietnam Meat Substitutes Market Size, By Type, By Value, 2019–2029
Table 5 Northern Vietnam Meat Substitutes Market Size, By Source, By Value, 2019–2029
Table 6 Northern Vietnam Meat Substitutes Market Size, By Category, By Value, 2019–2029
Table 7 Central Vietnam Meat Substitutes Market Size, By Type, By Value, 2019–2029
Table 8 Central Vietnam Meat Substitutes Market Size, By Source, By Value, 2019–2029
Table 9 Central Vietnam Meat Substitutes Market Size, By Category, By Value, 2019–2029
Table 10 Southern Vietnam Meat Substitutes Market Size, By Type, By Value, 2019–2029
Table 11 Southern Vietnam Meat Substitutes Market Size, By Source, By Value, 2019–2029
Table 12 Southern Vietnam Meat Substitutes Market Size, By Category, By Value, 2019–2029
Table 13 Vbites Company Overview
Table 14 Vbites Financial Overview
Table 15 Sonic Biochem Limited Company Overview
Table 16 Sonic Biochem Limited Financial Overview
Table 17 MGP Ingredients Company Overview
Table 18 MGP Ingredients Financial Overview
Table 19 Beyond Meat Company Overview
Table 20 Beyond Meat Financial Overview
Table 21 Amy's Kitchen Company Overview
Table 22 Amy's Kitchen Financial Overview
Table 23 Quorn Foods Company Overview
Table 24 Quorn Foods Financial Overview
Table 25 The Nisshin Ollio Group Company Overview
Table 26 The Nisshin Ollio Group Financial Overview
Table 27 MGP Ingredients Company Overview
Table 28 MGP Ingredients Financial Overview
Table 29 ADM Company Overview
Table 30 ADM Financial Overview
Table 31 Meatless Company Overview
Table 32 Meatless Financial Overview

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