Global Meat Substitutes Market Overview
Global Meat Substitutes Market was valued at USD 6.31 Billion in 2023 and is expected to reach USD 17.08 Billion by the year 2032, Growing at a CAGR of 11.7% From 2024-2032.
The market for meat substitutes has experienced significant growth in the past few years, fueled by various factors other than just the increase in vegan and vegetarian diets. Environmental sustainability, the search for different protein sources, and animal welfare all play important roles in the increase in popularity of plant-based alternatives due to significant innovations. Food companies have introduced plant-based burger patties and breaded nuggets that mimic the flavor, consistency, and feeling of fullness of traditional meat options. Nevertheless, despite the rapid growth, knowledge about food safety risks is still lacking, especially when it comes to microbial growth and inactivation rates. Consumers are also figuring out how to safely handle these new products.
With the growing demand for Meat Substitutes, there is a landscape full of opportunities and challenges. The market is growing not just because of changing dietary preferences, but also due to a wider societal movement towards sustainable and ethical consumption. Nevertheless, the sector is facing a pressing requirement for more investigation into food safety aspects, underscoring a vital area for future growth. In the end, stakeholders need to work together to guarantee the ongoing advancement, safety, and availability of Meat Substitutes in the global market as consumer interest in plant-based alternatives grows.
Market Dynamics And Factors For The Meat Substitutes Market
Drivers:
Rising Inclination Towards Plant-Based Proteins
The market for meat-based proteins recorded high demand, worldwide, in the past decade, with most of the population in Europe and North America highly dependent on the meat products for required, daily protein intake. Though meat proteins offer the required content of amino acids for the body, they are highly related to cholesterol content, which proved to be a major cause of serious health issues. This became the primary reason for an increase in the demand for plant-based protein food, especially in emerged economies such as the United States, France, and the United Kingdom, Germany. With developed technologies, the companies are focusing on consumers, by coming up with innovative products with similar properties as real meat. These meat substitutes are made comprises with soy, wheat, and pea protein to attain the desired structure. With the adoption of western cuisine, the countries in Asia are also shifting toward meat substitutes, which is anticipated to turn the meat substitutes market. Australia and China are the two major countries that are rapidly switching toward meat substitutes and plant-based products.
Growing Investments in Vegan Protein Ingredients
Developments in plant-based proteins have had a positive impact on the advancement of meat substitute products. Producers are infusing plant-based ingredients to produce meat alternatives, which has gained widespread acceptance among consumers. As per the European Regional Development Fund, 22% of UK consumers convey that they consume more protein from other sources rather than meat. For the millennials and generation, the numbers have raised to 25%, determining the high growth of the protein substitutes market in the country. This factor proves positive for the meat substitutes market and works in its favor owing to the shifting consumer preferences and the high adaptability rate among consumers. The growing investments made by ingredient manufacturers are accelerating meat substitutes market growth.
Restraints:
The requirement to diversify meat production has led to the production of low-cholesterol meat products, lean meats and these pose a threat to the sector. The stable demand for poultry meat especially chicken also poses a challenge to the industry. Apart from this, varying the price of the raw materials poses a challenge to the industry. Furthermore, some people have soy allergies and gluten intolerance. Additionally, as per the Food Allergy Research & Education organization (US), soy and wheat are two of the top eight major food allergens responsible for most of the serious food allergy reactions in the US.' For example, soybeans are rich in nutrient content, such as vitamins, minerals, isoflavones, and proteins; however, anti-nutritional components present in soy could cause health issues, such as soy allergy.
Opportunities:
Growing the various disease in the animal, a shift in preference of the food over the youth and people are more health cautious owing to rise in obesity are the factors that create the growth opportunity for meat substitute market in the upcoming years. In addition, the flexitarian trend amongst Kiwi consumers is on the growth, and consumers are increasingly demanding variants in vegan and meat substitutes. This presents an enormous opportunity for Australia to expand its export base of meat substitutes especially tempeh in New Zealand. The major producers are funding R&D and developing new plant-based protein, which may raise the demand for meat substitutes in the global market.
Market Segmentation
Segmentation Analysis of Meat Substitutes Market:
Based on Source, the soy protein segment is anticipated to dominate the meat substitutes market during the forecast period. The growth of the segment is attributed to the ability of soy-based products to absorb rich flavors from other food and it is called a complete source of protein. Other plant proteins don't have the complete nutritional value that soy does. Eating soy protein isolate rather than animal proteins can help boost overall heart health. Soy protein isolate supplements are meant to make feel full. In addition, soy foods are rich in vitamins and minerals including zinc, B vitamins, and iron. Some supplements have calcium and vitamin D in them, too. There are also enough antioxidants in soy. Owing to this soy protein has to gain popularity among individuals which helps to boost the meat substitutes market over the forecast period.
Based on Product, the tempeh-based product is expected to record the maximum meat substitutes market share during the forecast period. Tempeh is a major source of protein and is also a famous Indonesian dish. It has a cake-like consistency and is made from cooked and slightly fermented soybeans. Though tempeh is highly perishable, in industrial production, it can be stored by drying and/or freezing. Tempeh is stringy and has a nutty and earthy taste. As tempeh is generally made from nuts, it is richer in calories, potassium, proteins, iron, and fibers. The demand for tempeh is rising, as it is a low-cost product among other meat substitutes, which are rich in protein. Tempeh is solid and grainy in texture than tofu.
Based on Product Type, the concentrates segment is expected to register significant meat substitutes market share over the forecast period. Concentrates, if added to a product, provide a high protein content and very low levels of calories. These concentrates are used as ingredients to improve the volume and texture of different products.
Based on the Form, the solid form segment is anticipated to record the highest meat substitutes market share over the forecast period. The solid form of proteins has more shelf life as compared to the liquid form. Due to this, it is highly preferred by manufacturers and consumers. The solid form of protein sometimes resembles meat in terms of appearance and texture, which makes it a great meat substitute.
Based on Category, the meat substitute market is categorized into refrigerated, frozen, and shelf-stable. The frozen segment recorded the highest revenue. Frozen burgers, sausages, patties, nuggets, pizza, crumbles, strips, and other such products have gained popularity, due to their longer shelf life.
Based on the Distribution Channel, the offline segment is anticipated to dominate the meat substitutes market, owing to the specialty stores that can serve the customized and specific requirements of consumers. In addition, wider reach, greater shelf life, attractive discounts, easy availability, and massive strategies are the factor responsible to augment the offline segment as compared to the online segment which helps to boost the market over the forecast period.
Regional Analysis of Meat Substitutes Market:
The Asia Pacific region continues to surge ahead as the powerhouse of the global meat substitutes market, maintaining its rapid growth momentum. A cornerstone of this dominance lies in the region's ingrained acceptance and utilization of plant-based ingredients within its diverse culinary landscape. Tofu, renowned for its versatility, and bean-based broths, a breakfast staple in many Asian countries, illustrate this rich tradition of embracing meat alternatives.
This deep-rooted familiarity with plant-based foods sets the stage for innovation, fostering a receptive market environment. Moreover, a growing emphasis on health and environmental consciousness among consumers further fuels the demand for meat substitutes. These products are increasingly perceived as a means to promote personal well-being while minimizing ecological footprints, resonating strongly with a widening customer base.
China epitomizes this regional trend, boasting the largest market share for meat substitutes in the Asia Pacific. Several factors contribute to this leadership position, notably government initiatives aimed at curbing meat consumption. The introduction of dietary guidelines in 2021, advocating for greater reliance on plant-based proteins, underscores this commitment. Concurrently, consumer adoption of plant-based alternatives is on the rise, with companies like OmniPork making significant headway, particularly in markets such as Hong Kong, where sustainability and health are key selling points.
Backed by a robust cultural heritage, escalating awareness of health and environmental issues, and proactive governmental measures in certain jurisdictions, the outlook for the Asia Pacific region as the vanguard of the meat substitutes market appears exceedingly promising.
Players Covered in Meat Substitutes market are :
- A&B Ingredients (Canada)
- Cargill Incorporated (US)
- DowDuPont Inc. (US)
- Archer Daniels Midland Company (US)
- Kerry Group (Ireland)
- Ingredion Incorporated (US)
- Amy's Kitchen Inc. (US)
- Roquette Frères (France)
- PURIS (US)
- The Nisshin OilliO Group Ltd (Japan)
- Axiom Foods (US)
- Beneo (Germany)
- MGP Ingredients Inc. (US)
- The Top Health Ingredients (Canada)
- Sonic Biochem Ltd (India)
- VBites Foods Limited (UK)
- Crespel & Deiters (Germany)
- Quorn Foods (UK)
- Wilmar International Limited (Singapore)
- Sotexpro S.A (France)
- Batory Foods (US)
- Morningstar Farms L.C. (US)
- All Organic Treasures GMBH (Germany)
- The Green Labs LLC (US)
- Shandong Jianyuan Group (China)
- ET Chem (China)
- Beyond Meat (US)
- Gardein
- Meatless (Canada) and others major key players.
Key Industry Developments In The Meat Substitutes Market
- In February 2024, Beyond Meat revealed intentions to introduce an updated iteration of its plant-based meat alternative burger for retail distribution in U.S. grocery stores.
- In January 2024, Continental Coffee Limited introduced a range of new vegan offerings under its meat substitute label, Continental Greenbird. The lineup includes chicken-style nuggets, chicken-style seekh kebabs, chicken-style sausages, and mutton-style keema.
- In April of 2023, ADM unveiled its state-of-the-art plant-based innovation laboratory, situated within ADM's Biopolis research center in Singapore. This cutting-edge facility empowered the company to craft innovative, nutritionally rich products tailored to the evolving demands of the Asia Pacific region.
- In November 2022, Ingredion Incorporated finalized an agreement with its joint venture partners to purchase full ownership of Verdient Foods (Canada), a prominent producer of plant-based protein. This acquisition is anticipated to position Ingredion Incorporated to meet the growing consumer interest in plant-based food offerings.
Global Meat Substitutes Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.31 Bn. |
Forecast Period 2022-28 CAGR: |
11.7% |
Market Size in 2032: |
USD 17.08 Bn. |
Segments Covered: |
By Source |
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By Product |
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By Products Types |
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By Form |
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By Category |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Category
 3.3 By Distribution Channels
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Meat Substitutes Market by Type
 5.1 Meat Substitutes Market Overview Snapshot and Growth Engine
 5.2 Meat Substitutes Market Overview
 5.3 Tofu
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Tofu: Grographic Segmentation
 5.4 Seitan
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Seitan: Grographic Segmentation
 5.5 Quorn
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Quorn: Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation
Chapter 6: Meat Substitutes Market by Category
 6.1 Meat Substitutes Market Overview Snapshot and Growth Engine
 6.2 Meat Substitutes Market Overview
 6.3 Automotive & Transportation
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Automotive & Transportation: Grographic Segmentation
 6.4 Agriculture
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Agriculture: Grographic Segmentation
 6.5 Industrial
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Industrial: Grographic Segmentation
 6.6 Oil & Gas
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Oil & Gas: Grographic Segmentation
 6.7 Other
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Other: Grographic Segmentation
Chapter 7: Meat Substitutes Market by Distribution Channels
 7.1 Meat Substitutes Market Overview Snapshot and Growth Engine
 7.2 Meat Substitutes Market Overview
 7.3 Online
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Online: Grographic Segmentation
 7.4 Offline
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Offline: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Meat Substitutes Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Meat Substitutes Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Meat Substitutes Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 A&B INGREDIENTS
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CARGILL INCORPORATED
 8.4 DOWDUPONT INC.
 8.5 ARCHER DANIELS MIDLAND COMPANY
 8.6 KERRY GROUP
 8.7 INGREDION INCORPORATED
 8.8 AMY'S KITCHEN INC.
 8.9 ROQUETTE FRÈRES
 8.10 PURIS
 8.11 THE NISSHIN OILLIO GROUP LTD
 8.12 AXIOM FOODS
 8.13 BENEO (GERMANY)
 8.14 MGP INGREDIENTS INC.
 8.15 THE TOP HEALTH INGREDIENTS
 8.16 SONIC BIOCHEM LTD
 8.17 VBITES FOODS LIMITED
 8.18 CRESPEL & DEITERS
 8.19 QUORN FOODS
 8.20 WILMAR INTERNATIONAL LIMITED
 8.21 SOTEXPRO S.A
 8.22 BATORY FOODS
 8.23 MORNINGSTAR FARMS L.C.
 8.24 ALL ORGANIC TREASURES GMBH
 8.25 THE GREEN LABS LLC
 8.26 SHANDONG JIANYUAN GROUP
 8.27 ET CHEM
 8.28 BEYOND MEAT
 8.29 GARDEIN
 8.30 MEATLESS
 8.31 OTHER MAJOR PLAYERS
Chapter 9: Global Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Tofu
  9.2.2 Seitan
  9.2.3 Quorn
  9.2.4 Others
 9.3 Historic and Forecasted Market Size By Category
  9.3.1 Automotive & Transportation
  9.3.2 Agriculture
  9.3.3 Industrial
  9.3.4 Oil & Gas
  9.3.5 Other
 9.4 Historic and Forecasted Market Size By Distribution Channels
  9.4.1 Online
  9.4.2 Offline
Chapter 10: North America Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Tofu
  10.4.2 Seitan
  10.4.3 Quorn
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By Category
  10.5.1 Automotive & Transportation
  10.5.2 Agriculture
  10.5.3 Industrial
  10.5.4 Oil & Gas
  10.5.5 Other
 10.6 Historic and Forecasted Market Size By Distribution Channels
  10.6.1 Online
  10.6.2 Offline
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico
Chapter 11: Europe Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Tofu
  11.4.2 Seitan
  11.4.3 Quorn
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Category
  11.5.1 Automotive & Transportation
  11.5.2 Agriculture
  11.5.3 Industrial
  11.5.4 Oil & Gas
  11.5.5 Other
 11.6 Historic and Forecasted Market Size By Distribution Channels
  11.6.1 Online
  11.6.2 Offline
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Tofu
  12.4.2 Seitan
  12.4.3 Quorn
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Category
  12.5.1 Automotive & Transportation
  12.5.2 Agriculture
  12.5.3 Industrial
  12.5.4 Oil & Gas
  12.5.5 Other
 12.6 Historic and Forecasted Market Size By Distribution Channels
  12.6.1 Online
  12.6.2 Offline
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Tofu
  13.4.2 Seitan
  13.4.3 Quorn
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Category
  13.5.1 Automotive & Transportation
  13.5.2 Agriculture
  13.5.3 Industrial
  13.5.4 Oil & Gas
  13.5.5 Other
 13.6 Historic and Forecasted Market Size By Distribution Channels
  13.6.1 Online
  13.6.2 Offline
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA
Chapter 14: South America Meat Substitutes Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Tofu
  14.4.2 Seitan
  14.4.3 Quorn
  14.4.4 Others
 14.5 Historic and Forecasted Market Size By Category
  14.5.1 Automotive & Transportation
  14.5.2 Agriculture
  14.5.3 Industrial
  14.5.4 Oil & Gas
  14.5.5 Other
 14.6 Historic and Forecasted Market Size By Distribution Channels
  14.6.1 Online
  14.6.2 Offline
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Meat Substitutes Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
|
|
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.31 Bn. |
Forecast Period 2022-28 CAGR: |
11.7% |
Market Size in 2032: |
USD 17.08 Bn. |
Segments Covered: |
By Source |
|
|
By Product |
|
||
By Products Types |
|
||
By Form |
|
||
By Category |
|
||
By Distribution Channel |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MEAT SUBSTITUTES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MEAT SUBSTITUTES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MEAT SUBSTITUTES MARKET COMPETITIVE RIVALRY
TABLE 005. MEAT SUBSTITUTES MARKET THREAT OF NEW ENTRANTS
TABLE 006. MEAT SUBSTITUTES MARKET THREAT OF SUBSTITUTES
TABLE 007. MEAT SUBSTITUTES MARKET BY TYPE
TABLE 008. TOFU MARKET OVERVIEW (2016-2028)
TABLE 009. SEITAN MARKET OVERVIEW (2016-2028)
TABLE 010. QUORN MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. MEAT SUBSTITUTES MARKET BY CATEGORY
TABLE 013. AUTOMOTIVE & TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 014. AGRICULTURE MARKET OVERVIEW (2016-2028)
TABLE 015. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 016. OIL & GAS MARKET OVERVIEW (2016-2028)
TABLE 017. OTHER MARKET OVERVIEW (2016-2028)
TABLE 018. MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNELS
TABLE 019. ONLINE MARKET OVERVIEW (2016-2028)
TABLE 020. OFFLINE MARKET OVERVIEW (2016-2028)
TABLE 021. NORTH AMERICA MEAT SUBSTITUTES MARKET, BY TYPE (2016-2028)
TABLE 022. NORTH AMERICA MEAT SUBSTITUTES MARKET, BY CATEGORY (2016-2028)
TABLE 023. NORTH AMERICA MEAT SUBSTITUTES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 024. N MEAT SUBSTITUTES MARKET, BY COUNTRY (2016-2028)
TABLE 025. EUROPE MEAT SUBSTITUTES MARKET, BY TYPE (2016-2028)
TABLE 026. EUROPE MEAT SUBSTITUTES MARKET, BY CATEGORY (2016-2028)
TABLE 027. EUROPE MEAT SUBSTITUTES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 028. MEAT SUBSTITUTES MARKET, BY COUNTRY (2016-2028)
TABLE 029. ASIA PACIFIC MEAT SUBSTITUTES MARKET, BY TYPE (2016-2028)
TABLE 030. ASIA PACIFIC MEAT SUBSTITUTES MARKET, BY CATEGORY (2016-2028)
TABLE 031. ASIA PACIFIC MEAT SUBSTITUTES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 032. MEAT SUBSTITUTES MARKET, BY COUNTRY (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA MEAT SUBSTITUTES MARKET, BY TYPE (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA MEAT SUBSTITUTES MARKET, BY CATEGORY (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA MEAT SUBSTITUTES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 036. MEAT SUBSTITUTES MARKET, BY COUNTRY (2016-2028)
TABLE 037. SOUTH AMERICA MEAT SUBSTITUTES MARKET, BY TYPE (2016-2028)
TABLE 038. SOUTH AMERICA MEAT SUBSTITUTES MARKET, BY CATEGORY (2016-2028)
TABLE 039. SOUTH AMERICA MEAT SUBSTITUTES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 040. MEAT SUBSTITUTES MARKET, BY COUNTRY (2016-2028)
TABLE 041. A&B INGREDIENTS: SNAPSHOT
TABLE 042. A&B INGREDIENTS: BUSINESS PERFORMANCE
TABLE 043. A&B INGREDIENTS: PRODUCT PORTFOLIO
TABLE 044. A&B INGREDIENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. CARGILL INCORPORATED: SNAPSHOT
TABLE 045. CARGILL INCORPORATED: BUSINESS PERFORMANCE
TABLE 046. CARGILL INCORPORATED: PRODUCT PORTFOLIO
TABLE 047. CARGILL INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. DOWDUPONT INC.: SNAPSHOT
TABLE 048. DOWDUPONT INC.: BUSINESS PERFORMANCE
TABLE 049. DOWDUPONT INC.: PRODUCT PORTFOLIO
TABLE 050. DOWDUPONT INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ARCHER DANIELS MIDLAND COMPANY: SNAPSHOT
TABLE 051. ARCHER DANIELS MIDLAND COMPANY: BUSINESS PERFORMANCE
TABLE 052. ARCHER DANIELS MIDLAND COMPANY: PRODUCT PORTFOLIO
TABLE 053. ARCHER DANIELS MIDLAND COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. KERRY GROUP: SNAPSHOT
TABLE 054. KERRY GROUP: BUSINESS PERFORMANCE
TABLE 055. KERRY GROUP: PRODUCT PORTFOLIO
TABLE 056. KERRY GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. INGREDION INCORPORATED: SNAPSHOT
TABLE 057. INGREDION INCORPORATED: BUSINESS PERFORMANCE
TABLE 058. INGREDION INCORPORATED: PRODUCT PORTFOLIO
TABLE 059. INGREDION INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. AMY'S KITCHEN INC.: SNAPSHOT
TABLE 060. AMY'S KITCHEN INC.: BUSINESS PERFORMANCE
TABLE 061. AMY'S KITCHEN INC.: PRODUCT PORTFOLIO
TABLE 062. AMY'S KITCHEN INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. ROQUETTE FRÈRES: SNAPSHOT
TABLE 063. ROQUETTE FRÈRES: BUSINESS PERFORMANCE
TABLE 064. ROQUETTE FRÈRES: PRODUCT PORTFOLIO
TABLE 065. ROQUETTE FRÈRES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. PURIS: SNAPSHOT
TABLE 066. PURIS: BUSINESS PERFORMANCE
TABLE 067. PURIS: PRODUCT PORTFOLIO
TABLE 068. PURIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. THE NISSHIN OILLIO GROUP LTD: SNAPSHOT
TABLE 069. THE NISSHIN OILLIO GROUP LTD: BUSINESS PERFORMANCE
TABLE 070. THE NISSHIN OILLIO GROUP LTD: PRODUCT PORTFOLIO
TABLE 071. THE NISSHIN OILLIO GROUP LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. AXIOM FOODS: SNAPSHOT
TABLE 072. AXIOM FOODS: BUSINESS PERFORMANCE
TABLE 073. AXIOM FOODS: PRODUCT PORTFOLIO
TABLE 074. AXIOM FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. BENEO (GERMANY): SNAPSHOT
TABLE 075. BENEO (GERMANY): BUSINESS PERFORMANCE
TABLE 076. BENEO (GERMANY): PRODUCT PORTFOLIO
TABLE 077. BENEO (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. MGP INGREDIENTS INC.: SNAPSHOT
TABLE 078. MGP INGREDIENTS INC.: BUSINESS PERFORMANCE
TABLE 079. MGP INGREDIENTS INC.: PRODUCT PORTFOLIO
TABLE 080. MGP INGREDIENTS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. THE TOP HEALTH INGREDIENTS: SNAPSHOT
TABLE 081. THE TOP HEALTH INGREDIENTS: BUSINESS PERFORMANCE
TABLE 082. THE TOP HEALTH INGREDIENTS: PRODUCT PORTFOLIO
TABLE 083. THE TOP HEALTH INGREDIENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. SONIC BIOCHEM LTD: SNAPSHOT
TABLE 084. SONIC BIOCHEM LTD: BUSINESS PERFORMANCE
TABLE 085. SONIC BIOCHEM LTD: PRODUCT PORTFOLIO
TABLE 086. SONIC BIOCHEM LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. VBITES FOODS LIMITED: SNAPSHOT
TABLE 087. VBITES FOODS LIMITED: BUSINESS PERFORMANCE
TABLE 088. VBITES FOODS LIMITED: PRODUCT PORTFOLIO
TABLE 089. VBITES FOODS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. CRESPEL & DEITERS: SNAPSHOT
TABLE 090. CRESPEL & DEITERS: BUSINESS PERFORMANCE
TABLE 091. CRESPEL & DEITERS: PRODUCT PORTFOLIO
TABLE 092. CRESPEL & DEITERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. QUORN FOODS: SNAPSHOT
TABLE 093. QUORN FOODS: BUSINESS PERFORMANCE
TABLE 094. QUORN FOODS: PRODUCT PORTFOLIO
TABLE 095. QUORN FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. WILMAR INTERNATIONAL LIMITED: SNAPSHOT
TABLE 096. WILMAR INTERNATIONAL LIMITED: BUSINESS PERFORMANCE
TABLE 097. WILMAR INTERNATIONAL LIMITED: PRODUCT PORTFOLIO
TABLE 098. WILMAR INTERNATIONAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. SOTEXPRO S.A: SNAPSHOT
TABLE 099. SOTEXPRO S.A: BUSINESS PERFORMANCE
TABLE 100. SOTEXPRO S.A: PRODUCT PORTFOLIO
TABLE 101. SOTEXPRO S.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. BATORY FOODS: SNAPSHOT
TABLE 102. BATORY FOODS: BUSINESS PERFORMANCE
TABLE 103. BATORY FOODS: PRODUCT PORTFOLIO
TABLE 104. BATORY FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. MORNINGSTAR FARMS L.C.: SNAPSHOT
TABLE 105. MORNINGSTAR FARMS L.C.: BUSINESS PERFORMANCE
TABLE 106. MORNINGSTAR FARMS L.C.: PRODUCT PORTFOLIO
TABLE 107. MORNINGSTAR FARMS L.C.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. ALL ORGANIC TREASURES GMBH: SNAPSHOT
TABLE 108. ALL ORGANIC TREASURES GMBH: BUSINESS PERFORMANCE
TABLE 109. ALL ORGANIC TREASURES GMBH: PRODUCT PORTFOLIO
TABLE 110. ALL ORGANIC TREASURES GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. THE GREEN LABS LLC: SNAPSHOT
TABLE 111. THE GREEN LABS LLC: BUSINESS PERFORMANCE
TABLE 112. THE GREEN LABS LLC: PRODUCT PORTFOLIO
TABLE 113. THE GREEN LABS LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. SHANDONG JIANYUAN GROUP: SNAPSHOT
TABLE 114. SHANDONG JIANYUAN GROUP: BUSINESS PERFORMANCE
TABLE 115. SHANDONG JIANYUAN GROUP: PRODUCT PORTFOLIO
TABLE 116. SHANDONG JIANYUAN GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. ET CHEM: SNAPSHOT
TABLE 117. ET CHEM: BUSINESS PERFORMANCE
TABLE 118. ET CHEM: PRODUCT PORTFOLIO
TABLE 119. ET CHEM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119. BEYOND MEAT: SNAPSHOT
TABLE 120. BEYOND MEAT: BUSINESS PERFORMANCE
TABLE 121. BEYOND MEAT: PRODUCT PORTFOLIO
TABLE 122. BEYOND MEAT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122. GARDEIN: SNAPSHOT
TABLE 123. GARDEIN: BUSINESS PERFORMANCE
TABLE 124. GARDEIN: PRODUCT PORTFOLIO
TABLE 125. GARDEIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125. MEATLESS: SNAPSHOT
TABLE 126. MEATLESS: BUSINESS PERFORMANCE
TABLE 127. MEATLESS: PRODUCT PORTFOLIO
TABLE 128. MEATLESS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 129. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 130. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 131. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MEAT SUBSTITUTES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MEAT SUBSTITUTES MARKET OVERVIEW BY TYPE
FIGURE 012. TOFU MARKET OVERVIEW (2016-2028)
FIGURE 013. SEITAN MARKET OVERVIEW (2016-2028)
FIGURE 014. QUORN MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. MEAT SUBSTITUTES MARKET OVERVIEW BY CATEGORY
FIGURE 017. AUTOMOTIVE & TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 018. AGRICULTURE MARKET OVERVIEW (2016-2028)
FIGURE 019. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 020. OIL & GAS MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 022. MEAT SUBSTITUTES MARKET OVERVIEW BY DISTRIBUTION CHANNELS
FIGURE 023. ONLINE MARKET OVERVIEW (2016-2028)
FIGURE 024. OFFLINE MARKET OVERVIEW (2016-2028)
FIGURE 025. NORTH AMERICA MEAT SUBSTITUTES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. EUROPE MEAT SUBSTITUTES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. ASIA PACIFIC MEAT SUBSTITUTES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. MIDDLE EAST & AFRICA MEAT SUBSTITUTES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. SOUTH AMERICA MEAT SUBSTITUTES MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Meat Substitutes Market research report is 2024-2032.
A&B Ingredients (Canada), Cargill Incorporated (US), DowDuPont Inc. (US), Archer Daniels Midland Company (US), Kerry Group (Ireland), Ingredion Incorporated (US), Amy's Kitchen Inc. (US), Roquette Frères (France), PURIS (US), The Nisshin OilliO Group Ltd (Japan), Axiom Foods (US), Beneo (Germany), MGP Ingredients Inc. (US), The Top Health Ingredients (Canada), Sonic Biochem Ltd (India), VBites Foods Limited (UK), Crespel & Deiters (Germany), Quorn Foods (UK), Wilmar International Limited (Singapore), Sotexpro S.A (France), Batory Foods (US), Morningstar Farms L.C. (US), All Organic Treasures GMBH (Germany), The Green Labs LLC (US), Shandong Jianyuan Group (China), ET Chem (China), Beyond Meat (US), Gardein, Meatless (Canada), and Other Major Players.
The Meat Substitutes Market is segmented into Source, Product, Products Types, Form, Category, Distribution Channel, and region. By Source, the market is categorized into Soy Protein, Wheat Protein, Pea Protein, and Others. By Product, the market is categorized into Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn, and Others. By Products Types, the market is categorized into Concentrates, Isolates, and Textured. By Form, the market is categorized into Solid, Liquid. By Category, the market is categorized into Frozen, Refrigerated, and Shelf-Stable. By Distribution Channel, the market is categorized into Mass Merchandisers, Specialty Stores, Online Retail, Food Service, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Meat substitute referred to as meat analog, mock meat, cultured meat, faux meat, or meat alternatives a healthy replacement of meat that resembles chemical characteristics and aesthetic qualities such as flavor, taste, appearance, and the basic texture of meat.
Global Meat Substitutes Market was valued at USD 6.31 Billion in 2023 and is expected to reach USD 17.08 Billion by the year 2032, Growing at a CAGR of 11.7% From 2024-2032.