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Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Seitan, and Quorn), Source (Soy, Wheat, and Mycoprotein), Category (Frozen, Refrigerated, and Shelf-Stable), and Region - Global Forecast to 2023

Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Seitan, and Quorn), Source (Soy, Wheat, and Mycoprotein), Category (Frozen, Refrigerated, and Shelf-Stable), and Region - Global Forecast to 2023

“The meat substitutes market is projected to grow at a CAGR of 6.8%.”
The meat substitutes market is estimated at USD 4.63 billion in 2018 and is projected to reach USD 6.3 billion by 2023. It is projected to grow at a CAGR of 6.8% during the study period. The market is primarily driven by factors such as changing trends toward healthy diets, which has led to an increased demand for clean-label products, such as plant-sourced proteins that include tofu and seitan.

Another growth factor can be the increased preference for vegetarian and vegan foods. As a result of the vegetarian and vegan food trends, retailers such as Tesco are increasing the availability of meat-free food products in the market. This scenario has led to the demand for meat substitutes. Factors such as global climatic conditions that affect the production of raw materials such as soy and wheat act as major restraints of the meat substitutes market. The increasing prices of raw materials are an important concern for the meat substitute manufacturers, and this consequently acts as a restraint to the meat substitutes market.

“The shelf-stable segment is projected to grow at the highest rate during the forecast period.”
On the basis of category meat substitute products that are shelf stable are projected to grow at the highest CAGR among other storage categories. The demand for shelf-stable meat substitutes is increasing gradually, as frozen products are more expensive and consumers are seeking fresh or freshly prepared food products.

“Tempeh is projected to be the fastest-growing segment during the forecast period.”
Based on type, the tempeh segment is projected to be the fastest-growing during the forecast period. Tempeh offers health benefits such as higher antibody count, reduction in sugar levels in the body, muscle building, reduced risk of diabetes, and lower cholesterol levels in the body. There is considerable potential for tempeh in developed countries such as Canada, where people are becoming aware of the health benefits offered by fermented food products, encouraging manufacturers to offer new tempeh products in the market.

“On the basis of source wheat-based meat substitutes are projected to form the fastest-growing market during the forecast period.”
Based on the source of the meat substitute, wheat-based meat substitutes are projected to form the fastest-growing segment. Wheat proteins are highly cost-effective and find applications in food products such as burgers patties, nuggets, and vegetarian sausages; these innovational applications make wheat the most highly adopted source of wheat substitutes over the projection period, among others.

“Asia Pacific is projected to register the highest growth rate during the forecast period.”
Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Industrial growth and improvements in the food industry have opened new opportunities for the meat substitutes market in this region. Also, non-meat-based meals are already popular in Asia, with tofu used extensively in Asian cuisine and bean-based congees widely consumed in countries such as China. This makes the Asia Pacific region the fastest-growing potential market for meat substitutes.

Break-up of Primaries:
By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
By Designation: C-level Executives - 25%, Director-level - 40%, and Others - 35%
By Region: North America - 38%, Europe - 25%, Asia Pacific - 31%, and RoW - 6%

The key players profiled in this report are as follows:
• ADM (US)
• DuPont (US)
• The Nisshin OilliO Group (Japan)
• Sonic Biochem Limited (India)
• MGP Ingredients (US)
• Garden Protein International (Canada)
• Beyond Meat (US)
• Amy's Kitchen (US)
• Quorn Foods (UK)
• MorningStar Farms (US)
• Meatless (Netherlands)
• VBites (UK

Research Coverage:
The report segments the meat substitutes market on the basis of source, type, category, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the meat substitutes market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
• To get a comprehensive overview of the meat substitutes market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the key countries/regions in which the meat substitutes market is flourishing


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
    • YEAR CONSIDERED
    • CURRENCY CONSIDERED
      • Table USD EXCHANGE RATE CONVERSION
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE MEAT SUBSTITUTES MARKET
    • MEAT SUBSTITUTES MARKET, BY TYPE
    • MEAT SUBSTITUTES MARKET, BY SOURCE
    • ASIA PACIFIC MEAT SUBSTITUTES MARKET, BY APPLICATION & COUNTRY
    • MEAT SUBSTITUTES MARKET SHARE, BY CATEGORY
    • DEVELOPED VS. EMERGING MARKETS FOR MEAT SUBSTITUTES, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SUPPLY CHAIN ANALYSIS
    • REGULATORY ENVIRONMENT
  • MEAT SUBSTITUTES MARKET, BY TYPE
    • INTRODUCTION
      • Table MEAT SUBSTITUTES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
    • TOFU & TOFU INGREDIENTS
      • Table TOFU & TOFU INGREDIENTS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TEMPEH
      • Table TEMPEH MARKET SIZE, BY REGION, BY REGION, 2016-2023 (USD MILLION)
    • TEXTURED VEGETABLE PROTEIN (TVP)
      • Table TEXTURED VEGETABLE PROTEIN MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHER SOY PRODUCTS
      • Table OTHER SOY PRODUCTS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SEITAN
      • Table SEITAN MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • QUORN
      • Table QUORN MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHER TYPES OF MEAT SUBSTITUTES
      • Table OTHER MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • MEAT SUBSTITUTES MARKET, BY SOURCE
    • INTRODUCTION
      • Table MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
    • SOY
      • Table SOY-BASED MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • WHEAT
      • Table WHEAT-BASED MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MYCOPROTEIN
      • Table MYCOPROTEIN-BASED MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHER SOURCES OF MEAT SUBSTITUTES
      • Table OTHER MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • MEAT SUBSTITUTES MARKET, BY CATEGORY
    • INTRODUCTION
      • Table MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
    • FROZEN
      • Table FROZEN MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • REFRIGERATED
      • Table REFRIGERATED MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SHELF-STABLE
      • Table SHELF-STABLE MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • MEAT SUBSTITUTES MARKET, BY REGION
    • INTRODUCTION
      • Table MEAT SUBSTITUTES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MEAT SUBSTITUTES MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEAT SUBSTITUTES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • US
        • Table US: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table US: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table CANADA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table MEXICO: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
      • Table EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table GERMANY: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • UK
        • Table UK: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table UK: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • SPAIN
        • Table SPAIN: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table SPAIN: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table FRANCE: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table ITALY: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • NETHERLANDS
        • Table NETHERLANDS: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table NETHERLANDS: MEAT SUBSTITUTES MARKET, BY CATEGORY, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table CHINA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table INDIA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table JAPAN: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • AUSTRALIA & NEW ZEALAND
        • Table AUSTRALIA & NEW ZEALAND: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table AUSTRALIA & NEW ZEALAND: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: MEAT SUBSTITUTES MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ROW: MEAT SUBSTITUTES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table ROW: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
      • Table ROW: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table BRAZIL: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table ARGENTINA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
      • OTHERS IN ROW
        • Table OTHERS IN ROW: MEAT SUBSTITUTES MARKET SIZE, BY SOURCE, 2016-2023 (USD MILLION)
        • Table OTHERS IN ROW: MEAT SUBSTITUTES MARKET SIZE, BY CATEGORY, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS
    • KEY MARKET STRATEGIES
    • NEW PRODUCT LAUNCHES
      • Table NEW PRODUCT LAUNCHES
    • EXPANSIONS & INVESTMENTS
      • Table EXPANSIONS & INVESTMENTS
    • ACQUISITIONS
      • Table ACQUISITIONS
    • MERGERS
      • Table MERGERS
  • COMPANY PROFILES
    • ADM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DUPONT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • THE NISSHIN OLLIO GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • SONIC BIOCHEM LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MGP INGREDIENTS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GARDEN PROTEIN INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BEYOND MEAT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AMY'S KITCHEN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • QUORN FOODS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MORNINGSTAR FARMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MEATLESS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • VBITES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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