Meat Substitutes Market Size and Investment Feasibility Analysis Report 2025

Global Meat Substitutes Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Meat Substitutes market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the Meat Substitutes market. Meat Substitutes Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Meat Substitutes Market forecast.

Industry Insights

The global Meat Substitutes Market size is estimated to reach USD 5.81 billion by 2022, progressing at a CAGR of 7.5% during the forecast period. Meat is an excellent source of protein, but it also contains large quantities of saturated fats and cholesterol. People consuming meat on a daily basis are more prone to health related problems such as atherosclerosis and obesity. Increasing consciousness about personal health and shift in dietary preference towards vegan diet are expected to propel the meat substitutes market over the upcoming period. The rise in demand for a healthy source of proteins and plant-based nutrients is the primary driving force of the market.

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Key Questions Answered

·         What are the sales or revenue produced by Meat Substitutes products beyond all sectors during the forecast period?

·         What are the key trends in the Meat Substitutes market?

·         What are the leading drivers, limitations, and probabilities in the industry?

·         Which segment will gain the highest revenue worldwide and which product segment will expand at the fastest CAGR during the forecast period?

·         In which region the Meat Substitutes market to project lucrative CAGR during the forecast period?

Growing health problems such as high blood pressure, heart disease, asthma, diabetes and increasing number of people suffering from obesity all around the globe have led to more and more number of individuals becoming health conscious.  The increasing health concerns about consumption of meat coupled with several animal disease outbreaks in the recent past are the significant factors stimulating the growth of the global market. In the developing regions such as Latin America and Asia Pacific increasing standard of living due to the rising disposable income have propelled the meat substitute consumption. However, per-capita consumption of meat has experienced a decline, especially in developed regions of the world in the recent past.

Food products which have similar nutrients, taste, and texture of meat, are gaining popularity among consumers. Moreover, growing consciousness towards the advantages of a vegan diet such as improved cardiovascular health, lower heart problems, reduced diabetes & obesity, lower cholesterol risk are projected to impact the global meat substitute market positively. Despite number of benefits of the product over the traditional meat, the absence of consumer awareness and usage of GMO seeds for making the product are the major obstacles for the global meat substitutes market. Furthermore, availability of various low fat – low cholesterol alternatives, higher cost and various health concerns such as soy allergy and intolerance from gluten are expected to pose a threat to the global market.

Raw Material Insights

Meat substitutes are mainly composed of ingredients such as wheat, soy, and others. Soy-based products are amongst the most popular ones and dominates the raw material segment; Soy products accounts for nearly four-fifth of the global market. The regional market such as North America and Latin America is expected to impact positively on growing soy production in these regions. The global soy production is dominated by countries such as Brazil, Argentina, and U.S. which serve half of the global soy demand.

Asia Pacific, Middle East, and Europe are inclined towards wheat production.  Increasing disposable income and standard of living in the emerging economies such as India and China, Asia Pacific region is projected to experience the fastest growth during the forecast period.

Regional Insights

In the past few years, Europe dominated the global meat substitute market followed by North America and Asia Pacific. Increasing soy production in the United States is projected to drive the regional market. Moreover, growing population in the developing regions of the world coupled with rising convenience food demand is expected to further expand the meat substitute market in the upcoming seven years.

The emerging areas provide ample opportunities for the current as well as new market players of the industry. Diverse regions account for availability of different raw materials such as North America is considered for soy-based production and regions like Europe and Asia Pacific are considered for wheat-based production. Such type of scenario is likely to provide significant growth to the particular regional markets.

Competitive Insights

Key industry players are investing in research and development activities to manufacture superior quality products as well as increase their product portfolio. Archer Daniels Midland produces TVP and dominates the global market accounting for more than half the market share. Partnerships and collaborations are the major strategies adopted by leading companies to stronghold their product offerings in the industry. Major market participants include Vbites foo Ltd., Morning Star Farms, MGP Ingredients Inc., Quorn Foods, Meatless B.V, Garden Protein Internationsl Inc., Amy’s Kitchen Inc., Cauldron Foods UK and Beyond Meat.

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