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Meat Substitutes Market Size, Share, and Analysis, By Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), By Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), By Types (Concentrates, Isolates and Textured

Publisher Fatpos Global
Published May 01, 2024
Length 368 Pages
SKU # FAGL18942647

Description

Meat Substitutes Market Size, Share, and Analysis, By Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), By Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), By Types (Concentrates, Isolates and Textured), By Form (Solid, Liquid), By Category (Frozen, Refrigerated and Shelf Table), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Meat Substitutes Market Size, Share, and Analysis, By Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), By Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), By Types (Concentrates, Isolates and Textured), By Form (Solid, Liquid), By Category (Frozen, Refrigerated and Shelf Table), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Meat Substitutes Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 5 billion and is projected to reach USD 15.3 billion by the completion of 2034.

Meat substitutes are plant-based or lab-grown alternatives that are designed to imitate the flavor, texture, and nutritional properties of genuine meat. These alternatives are highly sought after for ethical, environmental, or health reasons, and they frequently have low environmental consequences and saturated fat content than conventional meats. Commonly used sources in the production of meat substitutes include soy, wheat gluten, peas, and mycoprotein. Additionally, plant-derived substitutes such as tofu, tempeh, and seitan provide essential nutrients and protein. Technological innovations in cellular agriculture have simplified the development of lab-grown alternatives that replicate the authentic meat experience without the need for traditional animal farming practices. Therefore, meat substitutes play an important role in promoting sustainability and responding to changing consumer preferences as they provide more nutritional options and reduce the environmental footprint associated with conventional meat production.

MARKET HIGHLIGHTS

Meat Substitutes Market is projected to reach USD 15.3 billion over the forecast period, due to increased consumer awareness regarding ethical, environmental, and health concerns. The growing demand for plant-based alternatives has resulted in increased manufacturing of new products such as plant-derived burgers, sausages, and lab-grown equivalents. Additionally, established food firms and startups are aggressively spending in R&D to improve the flavours and texture of these alternatives. Moreover, the increasing adoption of vegetarian and flexitarian lifestyles, coupled with rising disposable incomes, is a significant factor for the growth of meat substitute market. Governmental initiatives which are aimed at promoting sustainable food practices and reducing meat consumption also play a major role in stimulating market demand. Therefore, the meat substitute market will witness sustained growth as it offers sustainable choices to consumers globally.

Meat Substitutes Market Segments:
  • By Product
  • Tofu
  • Tempeh
  • Textured Vegetable Protein
  • Seitan
  • Quorn
  • Other Product
  • By Source
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Other Sources
  • By Type
  • Concentrates
  • Isolates
  • Texture
  • By Form
  • Solid
  • Liquid
  • By Category
  • Frozen
  • Refrigerated
  • Shelf Table
MARKET DYNAMICS

Growth Drivers

Consumer Demand for Plant-Based Diets will Generate Growth Opportunities

Innovation and Product Development Will Lead to Market Expansion

Restraint

Cost Issues Associated with High-Quality Products can Impede Industry Growth

Key Players
  • Beyond Meat, Inc.
  • Impossible Foods Inc.
  • Archer Daniels Midland Company
  • The Vegetarian Butcher
  • Nestlé S.A.
  • Quorn Foods
  • Conagra Brands, Inc.
  • Kellogg Company
  • Tyson Foods, Inc.
  • Maple Leaf Foods Inc.
  • Tofurky
  • Lightlife Foods, Inc.
  • Sweet Earth Foods
  • Oumph!
  • Gardein
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

368 Pages
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Meat Substitutes Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Meat Substitutes Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Meat Substitutes Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Meat Substitutes Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Meat Substitutes Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product
11.3.1.1. Tofu
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Tempeh
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Textured Vegetable Protein
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Seitan
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Quorn
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.6.Other Products
11.3.1.6.1.By Value (USD Million) 2024-2034F
11.3.1.6.2. Market Share (%) 2024-2034F
11.3.1.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Source
11.3.2.1.Soy Protein
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Wheat Protein
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Pea Protein
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Other Sources
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3. By Type
11.3.3.1.Concentrates
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Isolates
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Texture
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Form
11.3.4.1.Solid
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Liquid
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.5. By Category
11.3.5.1.Frozen
11.3.5.1.1.By Value (USD Million) 2024-2034F
11.3.5.1.2. Market Share (%) 2024-2034F
11.3.5.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.2. Refrigerated
11.3.5.2.1. By Value (USD Million) 2024-2034F
11.3.5.2.2.Market Share (%) 2024-2034F
11.3.5.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.5.3. Shelf Table
11.3.5.3.1. By Value (USD Million) 2024-2034F
11.3.5.3.2.Market Share (%) 2024-2034F
11.3.5.3.3.Y-o-Y Growth (%) 2024-2034F
12. North America Meat Substitutes Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2.By Source
12.3.3.By Type
12.3.4.By Form
12.3.5.By Category
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Meat Substitutes Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2.By Source
13.3.3.By Type
13.3.4.By Form
13.3.5.By Category
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Meat Substitutes Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2.By Source
14.3.3.By Type
14.3.4. By Form
14.3.5.By Category
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Meat Substitutes Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2.By Source
15.3.3.By Type
15.3.4.By Form
15.3.5.By Category
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Meat Substitutes Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2.By Source
16.3.3.By Type
16.3.4.By Form
16.3.5.By Category
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Beyond Meat, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Impossible Foods Inc.
18.3.Archer Daniels Midland Company
18.4. Quorn Foods
18.5.Conagra Brands, Inc.
18.6.Nestlé S.A.
18.7.Kellogg Company
18.8. Tyson Foods, Inc.
18.9.Maple Leaf Foods Inc.
18.10.The Vegetarian Butcher
18.11. Tofurky
18.12. Lightlife Foods, Inc.
18.13. Sweet Earth Foods
18.14.Oumph!
18.15. Gardein
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation

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