Meat Substitutes Market Industry Size, Opportunity, Growth Factors, Applications Analysis and Future Prospects | ADM, Ingredion Incorporated, DuPont, Kerry Group, Roquette Frères

New York, According to a new market research report published by Global Insight Services ”Meat Substitutes Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A meat substitute is a food product that tastes and looks like meat but is made from plant-based ingredients. The most common meat substitutes are made from soy, but there are also meat substitutes made from wheat, peas, and other plant-based ingredients.

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Key Players

The Meat Substitutes Market includes players such as  ADM, Ingredion Incorporated, DuPont, Kerry Group, Roquette Frères, PURIS, Axiom Foods, Sonic Biochem Ltd, Wilmar International Limited and Cargill.

Key Trends

There are three key trends in meat substitutes technology:

  • Increased focus on healthy and sustainable alternatives to meat
  • Increased interest in plant-based meat substitutes
  • Increased availability of meat substitutes

Key Drivers

The key drivers of the meat substitutes market are the rising health consciousness among consumers and the growing awareness of the environmental impact of meat production.

The growing popularity of plant-based diets is also driving the market for meat substitutes.

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Market Segments

The Meat Substitutes Market is segmented by product, source, type, form and region. By product, the market is divided into tofu, tempeh, seitan, quorn and others. Based on source, it is segmented into soy protein, wheat protein, pea protein and others. On the basis of type, it is bifurcated into concentrates, isolates and textured. By form, it is segmented into solid and liquid. Region-wise the market is divided into North America, Europe, Asia Pacific and Rest of the World.

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Meat Substitutes Market 2022-2028 Detailed outlook Including Industry Size, Share, Growth, Revenue etc. | ADM (US), DuPont, The Nisshin OilliO Group (Japan)

The sensory characteristics of typical meat products are mimicked in meat replacements, which also share its flavor, texture, and look. These goods were primarily created to replace or lessen our reliance on animal meat. These goods can be made from many different kinds of materials. Wheat, soy, and various kinds of legumes are some of the most commonly used raw ingredients for producing these goods. Compared to meat from animals, they are thought to be healthier and more environmentally friendly.

Meat Substitutes Market is expected to witness market growth during the forecast period of 2022 to 2028. Market Insights Reports analyzes the market willingness to grow at a CAGR of 11.11% during the mentioned forecast period above.

Meat Substitutes Market report includes growth strategy, upcoming trend, top key companies’ analysis, dynamics, drivers, restraints, challenges and future opportunities. This report also focuses on volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall market size and share by analyzing historical data and future prospect. This report also includes coverage of various features and applications that may affect the business in the future.

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“Final Report will add the analysis of the impact of COVID-19 on this industry”

List Of Top Key Players in Meat Substitutes Market Report Are – ADM (US), DuPont, 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)

Key Industry Development:

February 2022: Beyond Meat, Inc. announced a three-year global strategic agreement with McDonald’s Corporation. Under this agreement, Beyond Meat, Inc. became the preferred supplier for a new plant-based burger patty for McPlant, a plant-based burger.

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market.

Meat Substitutes market is segmented by type and by application. Key players, stakeholders, and other participants in the global Meat Substitutes market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2022-2028.

Meat Substitutes Market Size by Types:

Tofu & Tofu Ingredients

Tempeh

Textured Vegetable Protein (TVP)

Seitan

Quorn

Meat Substitutes Market Size by Applications:

Commercial

Household

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Meat Substitutes Market report provides comprehensive analysis of:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying Meat Substitutes market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs

Key Questions Answered in The Report:

  • What are the key factors driving the global Meat Substitutes market?
  • Who are the key manufacturers in Meat Substitutes market space?
  • What are the market opportunities, market risk and market overview of the Meat Substitutes market?
  • What are sales, revenue, and price analysis of top manufacturers of Meat Substitutes market?
  • Who are the distributors, traders and dealers of Meat Substitutes market?
  • What are sales, revenue, and price analysis by types and applications of Meat Substitutes Industry?

Geographical Regions covered in Meat Substitutes market report are:

  • North America (U.S. and Canada) Market size, Y-O-Y growth, Market Players Analysis and Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth and Market Players Analysis and Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analyze and Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth and Market Players Analysis and Opportunity Outlook

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Meat Substitutes Market TOC Covers the Following Points:

1 Study Coverage

1.1 Meat Substitutes Product Introduction

1.2 Market by Type

1.2.1 Global Meat Substitutes Market Size by Type, 2017 VS 2021 VS 2028

1.3 Market by Application

1.4 Study Objectives

1.5 Years Considered

2 Global Meat Substitutes Production

2.1 Global Production Capacity (2022-2028)

2.2 Global Meat Substitutes Production by Region: 2022 VS 2028

2.3 Global Meat Substitutes Production by Region

2.3.1 Global Meat Substitutes Historic Production by Region (2022-2028)

2.3.2 Global Meat Substitutes Forecasted Production by Region (2022-2028)

2.4 North America

2.5 Europe

2.6 China

2.7 Japan

3 Global Meat Substitutes Sales in Volume and Value Estimates and Forecasts

3.1 Global Sales Estimates and Forecasts 2022-2028

3.2 Global Revenue Estimates and Forecasts 2022-2028

3.3 Global Revenue by Region: 2022 VS 2028

3.4 Global Sales by Region

3.4.1 Global Sales by Region (2016-2022)

3.4.2 Global Sales by Region (2022-2028)

3.5 Global Revenue by Region

3.5.1 Global Revenue by Region (2022-2028)

3.5.2 Global Revenue by Region (2022-2028)

3.6 North America

3.7 Europe

3.8 Asia-Pacific

3.9 Latin America

3.10 Middle East and Africa

4 Competition by Manufactures

4.1 Global Production Capacity by Manufacturers

4.2 Global Sales by Manufacturers

4.2.1 Global Sales by Manufacturers (2022-2028)

4.2.2 Global Sales Market Share by Manufacturers (2022-2028)

4.2.3 Global Top 10 and Top 5 Largest Manufacturers of Meat Substitutes in 2022

4.3 Global Revenue by Manufacturers

4.3.1 Global Revenue by Manufacturers (2022-2028)

4.3.2 Global Revenue Market Share by Manufacturers (2022-2028)

4.3.3 Global Top 10 and Top 5 Companies by Meat Substitutes Revenue in 2022

4.4 Global Sales Price by Manufacturers

4.5 Analysis of Competitive Landscape

4.5.1 Manufacturers Market Concentration Ratio

4.5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

4.5.3 Global Manufacturers Geographical Distribution

4.6 Mergers and Acquisitions, Expansion Plans

Continue…..

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Meat Substitutes Market 2020- Production, Sales and Consumption Volumes, Industry Comparison Analysis

The Global “Meat Substitutes Market” Report provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The market analysis is provided for the international markets including trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import, export consumption, supply and demand Figures, cost, price, revenue, and gross margins.

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Key Market Players:

ADM (US), MorningStar Farms (US), DuPont, Sonic Biochem Limited (India), MGP Ingredients (US), The Nisshin OilliO Group (Japan), Amy’s Kitchen (US), Garden Protein International (Canada), Quorn Foods (UK), Beyond Meat (US), Meatless (Netherlands), VBites (UK)

Market Segmentation by Types:

Tofu & Tofu Ingredients

Tempeh

Textured Vegetable Protein (TVP)

Seitan

Quorn

Market Segmentation by Applications:

Commercial

Household

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Regions covered By Meat Substitutes Market Report 2021:

North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, and Other).

Influence of the Meat Substitutes Market Report:

-Comprehensive assessment of all opportunities and risks in the Meat Substitutes Market.

-Meat Substitutes Market recent innovations and major events.

-A detailed study of business strategies for the growth of the Meat Substitutes Market market-leading players.

-Conclusive study about the growth plot of Meat Substitutes Market for forthcoming years.

-In-depth understanding of Meat Substitutes Market market-particular drivers, constraints, and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Meat Substitutes Market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Meat Substitutes Market Overview, Manufacturing Cost Structure Analysis, Growth Opportunities by 2030

The significant growth of the meat substitutes market can be attributed to several factors such as nutritional value, minimal presence of calorific content, and similar texture & taste as compared to conventional meat products. People are embracing a vegetarian diet for several reasons such as health benefits, concerns regarding animal welfare, religious beliefs, to avoid excessive use of environmental resources and simultaneously maintain balance. With growing concerns of health issues & rising incidences of chronic & lifestyle disorders like obesity & diabetes, people are becoming increasingly conscious regarding one’s health. Market Industry Reports (MIR) has published a new report titled “Meat Substitutes Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Meat Substitutes Market is estimated to be over US$ 5 Billion in 2019. It is anticipated to grow at a CAGR of 6.5% from 2019 to 2030.

Production of conventional meat requires rearing of livestock on an enormous scale, moreover, to improve & increase protein in meat, these animals are required to be administered with fattening agents and proteinaceous diet. Thereby, significantly raising the costs of meat production and resource utilization. On the contrary, meat substitutes utilize minimal resources without compromising on either, taste, texture or volume of production.  Moreover, beef production requires a large area of land and hence deforestation is conducted at a large scale to make the land suitable for cultivation. These factors have been significant in propelling the meat substitutes market which is anticipated to further grow during the forecast period.

Major Key Players of the Meat Substitutes Market are:
Beyond Meat, Amy’s Kitchen, Quorn Foods, Morningstar Farms, Gardein Protein International, Maple Leaf Foods., Impossible Food Inc. VBites Foods Limited, Tofurky, Dr. Praeger’s Sensible Foods and others.

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However, one of the major factors impacting the global meat substitutes market is the availability of conventional meat at a cheaper rate, as compared to meat substitutes. The higher price of meat alternatives could be an obstruction for the adoption of meat substitutes among consumers, thereby significantly affecting the market growth.

Asia Pacific is expected to account for the highest CAGR in the meat substitutes market during the forecast period. Rising adoption of meat substitute products in countries such as Australia, India, China, Japan and others, is anticipated to significantly contribute to the growth of this market in the Asia Pacific region. Growth of the market in Asia Pacific region can also be attributed to rising awareness regarding the health benefits of the meat substitute products and growing adoption of flexitarian diet among the population.

Major Types of Meat Substitutes Market covered are:
Tofu
Tempeh
Textured Vegetable Protein (TVP), and Seitan

Research objectives:-

– To study and analyze the global Meat Substitutes consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Meat Substitutes market by identifying its various sub-segments.
– Focuses on the key global Meat Substitutes manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Meat Substitutes with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Meat Substitutes Market Size
2.2 Meat Substitutes Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Meat Substitutes Market Size by Manufacturers
3.2 Meat Substitutes Key Players Head office and Area Served
3.3 Key Players Meat Substitutes Product/Solution/Service
3.4 Date of entering into Meat Substitutes Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Meat Substitutes Sales by Product
4.2 Global Meat Substitutes Revenue by Product
4.3 Meat Substitutes Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Meat Substitutes Breakdown Data by End User

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In the end, Meat Substitutes industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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