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Global Meat Substitutes Market 2017-2021

Global Meat Substitutes Market 2017-2021

About Meat Substitutes

Meat substitutes, also called meat analog, mock meat, faux meat, or meat alternatives, are the healthy replacement to meat. They resemble chemical characteristics and aesthetic qualities such as flavor, taste, appearance, and the basic texture of meat. Factors such as increasing health consciousness of people across the globe, change in dietary plans, outbreak of animal diseases, and increased need for an alternative to meat due to harmful effects of over-consumption of meat are responsible for the demand for meat substitutes.

Technavio’s analysts forecast the global meat substitutes market to grow at a CAGR of 6.65% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global meat substitutes market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of meat substitutes sold to individual customers through various retail outlets and food service channels.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Meat Substitutes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Amy’s Kitchen
  • Archer Daniels Midland
  • Beyond Meat
  • Blue Chip Group
Other prominent vendors
  • Field Roast
  • Gardein
  • MorningStar Farms
  • Kraft Heinz
  • Lightlife Foods
  • Cauldron Foods
  • Sweet Earth Foods
  • Tofurky
  • Quorn
Market driver
  • Rising health consciousness among consumers
  • For a full, detailed list, view our report
Market challenge
  • Relatively high price of meat substitutes
  • For a full, detailed list, view our report
Market trend
  • Immense potential for meat substitutes in APAC
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Meat Substitutes Market 2017-2021

Technavio recognizes the following companies as the key players in the global meat substitutes market: Amy’s Kitchen, Archer Daniels Midland, Beyond Meat, and Blue Chip Group.

Other Prominent Vendors in the market are: Field Roast, Gardein, MorningStar Farms, Kraft Heinz, Lightlife Foods, Cauldron Foods, Sweet Earth Foods, Tofurky, and Quorn.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is immense potential for meat substitutes in APAC. The meat substitutes market in APAC is growing at the fastest rate. This growth is attributed primarily to the heightened awareness of the health hazards of meat.”

According to the report, one driver in the market is rising health consciousness among consumers. Meat substitutes are increasingly becoming popular due to the numerous health benefits that are associated with them. This is aiding the growth of the market by increasing the sales. Meat substitute is derived from different plant-based sources, soy being one of them. There has been an increase in awareness about the health benefits of soy among individuals, as soy-based meat substitutes have relatively less calories.

Further, the report states that one challenge in the market is relatively high price of meat substitutes. Plant-based food is good for one's health, but not so much financially. There have been reports of consumer switching to meat substitutes due to the soaring prices of meat. Meat substitutes cost the same as meat, even expensive than meat sometimes. Meat substitutes like veggie beef burgers, veggie bacon, veggie hotdogs, and veggie chicken wings are retailed at much higher prices than actual meat products.



Companies Mentioned

Amy’s Kitchen, Archer Daniels Midland, Beyond Meat, Blue Chip Group, Field Roast, Gardein, MorningStar Farms, Kraft Heinz, Lightlife Foods, Cauldron Foods, Sweet Earth Foods, Tofurky, and Quorn.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Market overview
      • Table Overview of global meat substitutes market
    • Segmentation by distribution channel
    • Segmentation by product type
    • Global meat substitutes market
      • Table Global meat substitutes market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Segmentation of global meat substitutes market by product type
      • Table Global meat substitutes market by product type 2016 and 2021 (% share of revenue)
      • Table Growth outlook for global meat substitutes market by product type 2016-2021
    • Global soy-based meat substitutes market
      • Table Global soy-based meat substitutes market 2016-2021 ($ millions)
    • Global mycoprotein-based meat substitutes market
      • Table Global mycoprotein-based meat substitutes market 2016-2021 ($ millions)
    • Global wheat-based meat substitutes market
      • Table Global wheat-based meat substitutes market 2016-2021 ($ millions)
    • Global other sources-based meat substitutes market
      • Table Global other sources-based meat substitutes market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global meat substitutes market by geography
      • Table Global meat substitutes market by geography 2016 and 2021 (% share of revenue)
      • Table Growth outlook of global meat substitutes market by geography 2016-2021
    • Meat substitutes market in EMEA
      • Table Meat substitutes market in EMEA 2016-2021 ($ millions)
      • Table Overview of per capita beef consumption in key European countries (2009 and 2014)
    • Meat substitutes market in the Americas
      • Table Meat substitutes market in the Americas 2016-2021 ($ millions)
    • Meat substitutes market in APAC
      • Table Meat substitutes market in APAC 2016-2021 ($ millions)
      • Table Tofu market in APAC 2016-2021 ($ millions)
  • Market segmentation by distribution channel
    • Segmentation of global meat substitutes market by distribution channel
      • Table Global meat substitutes market by distribution channel 2016 (% share of revenue)
      • Table Number of convenience stores in top countries (2014 and 2015)
      • Table Global internet penetration rate 2015
  • Key leading countries
    • Table Key leading countries: Market share 2016
    • US
      • Table Meat substitutes market in US 2016-2021 ($ millions)
    • Germany
      • Table Meat substitutes market in Germany2016-2021 ($ millions)
    • China
      • Table Meat substitutes market in Chin 2016-2021 ($ millions)
    • UK
      • Table Meat substitutes market in UK 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Overview: Adoption of genetically modified soybean in the US in (%)
  • Market trends
    • Continuous R&D and product development
    • Immense potential for meat substitutes in APAC
    • Growing demand for gluten-free meat substitutes
    • Growing demand for meat substitutes from food service sector
  • Competitor analysis
    • Competitive scenario
    • Competitive positioning assessment
      • Table Competitive positioning matrix for meat substitutes manufacturers in 2016
    • Market positioning matrix based on product portfolio and brand presence of key market players
      • Table Market positioning matrix based on product portfolio and brand presence of key market competitors
    • Amy’s Kitchen
      • Table Amy’s Kitchen: Product portfolio
    • Archer Daniels Midland
      • Table Archer Daniels Midland Company: Product Portfolio
    • Beyond Meat
      • Table Beyond Meat: Product portfolio
    • Blue Chip Group
      • Table Beyond Meat Group: Product portfolio
    • Other prominent market players
  • Appendix
    • List of abbreviations
  • Explore Technavio

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