Meat Alternatives Market Forecasted to Reach US$ 15 Bn Value by 2019-End

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Meat Alternatives Market

• February 2020

Report Id REP-GB-11042 Published On
February-2020 Category Food and Beverages
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Meat Alternatives Market Analysis

• Meat Alternatives Market to represent a
  significant expansion at 12 CAGR by 2029
• DUBAI, UAE / ACCESSWIRE / February 13, 2020 /
  Global value of meat alternatives market will
  rise 3X through 2029. Owing to pervasiveness of
  veganism, the market is projected for a
  stupendous CAGR of 12 during 2019 - 2029. The
  flexitarianism trend is also providing a strong
  impetus to the global meat alternatives market.
  Generation-Z and millennial demographic are
  particularly showing greater preference for
  healthier meat alternatives, thereby generating
  an upsurge in demand, suggests a new Future
  Market Insights (FMI) report.
• "Manufacturers in meat alternatives market are
  selectively targeting gen-Z and millennial
  consumer demographics, as they prefer new
  experiences over products and are willing to
  follow healthier dietary practices. Plant-based
  protein is particularly gaining notable momentum
  recently," projects the FMI study.
• Key Takeaways of Meat Alternatives Market Study
• Plant-based protein continues to account for
  2/3rd of global demand for meat alternatives.
• Insect protein will gain solid traction in meat
  alternatives market through 2029.
• Organic meat alternatives will gain a stronghold
  throughout the forecast period.

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Meat Alternatives Market Analysis

• Developed economies are at the forefront of
  product launches in meat alternatives market.
• Meat alternatives market in Europe and North
  America will witness increasing number of new
  launches.
• Meat Alternatives Market - Top Growth Drivers
• Rising health awareness of consumers is the top
  factor, pushing uptake of meat alternatives.
• RD initiatives to create meat alternatives that
  mimic the taste and texture of real meat will be
  a strong growth driver.
• Animal welfare and sustainability concerns are
  major growth contributors for meat alternatives
  market.
• Relaxing regulatory guideline for meat
  alternatives is bolstering market entry of new
  players. Potential role of meat alternatives in
  curbing greenhouse gas emissions will continue to
  foster sales.
• Meat Alternatives Market - Key Restraints

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Meat Alternatives Market Analysis

• High upfront costs involved in the insect protein
  landscape will be a significant roadblock to
  market growth.
• Consumers' reluctance to insect protein as a meat
  alternative continues to limit the demand.
• The distribution network of meat alternatives is
  still limited, highlighting a long-term challenge
  facing market.
• Competition Landscape of Meat Alternatives Market
• Some of the key players in meat alternatives
  market include, but are not limited to, MGP
  Ingredients, Wilmar International Ltd., Ingredion
  Inc., Cargill Inc., Archer Daniels Midland
  Company, Impossible Foods, Beyond Meat, and
  Atlantic Natural Foods LLC. Leading players are
  focused on realigning their strategies with
  shifting consumer demands. Product launches and
  distribution network expansion remains the key
  strategic focus area of market players. For
  instance, Atlantic Natural Foods LLC introduced
  TUNO (2019) which is a seafood alternative. On
  the other hand, PHW Group entered a strategic
  partnership with Beyond Meat to expand its retail
  distribution network.
• More about the Report
• This Future Market Insights study of 300 pages
  offers actionable insights on meat alternatives
  market.

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Meat Alternatives Market Analysis

• The market analysis is based on product type
  (fish protein, cultured meat, fermented proteins,
  insects, mycoprotein/algae, risofu, quorn,
  textured vegetable protein, tempeh, tofu, wheat
  gluten or seitan), nature (organic,
  conventional), source (mycoprotein, plant-based
  protein, insect protein), storage (shelf-stable,
  frozen, refrigerated), distribution (B2B,
  wholesalers, online retail, specialty stores,
  convenience stores, hypermarkets, supermarkets,
  independent small groceries, HoReCa), end-use
  (functional beverages, bakery confectionary,
  breakfast cereals, sports nutrition, personal
  care products, protein and nutritional bars,
  infant nutrition, animal nutrition,
  pharmaceutical products, meat additives,
  aquaculture, B2C) across five regions (Latin
  America, North America, Europe, Middle East
  Africa, Asia Pacific).
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Meat Alternatives Market Analysis

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