Meat Substitutes Market worth 5.17 Billion USD by 2020

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MarketsandMarkets Presents
Meat Substitutes Market worth 5.17 Billion USD by
2020
http//www.marketsandmarkets.com/Market-Reports/me
at-substitutes-market-979.html
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• The report Meat Substitutes Market by Type (tofu
  tofu ingredients, tempeh, TVP, quorn, other soy
  products, seitan, others), Source (soy-based,
  wheat-based, mycoprotein, others), Category
  (frozen refrigerated), by Region - Global
  Forecast to 2020", defines and segments the meat
  substitutes market with analysis and forecasting
  of the global revenue for meat substitutes. It
  also identifies the driving and restraining
  factors of the market with analysis of trends,
  opportunities, and challenges.       
•         
• Browse 75 tables and 56 figures spread through
  169 Pages and in-depth TOC on "Meat Substitutes
  Market by Type (tofu tofu ingredients, tempeh,
  TVP, quorn, other soy products, seitan,
  others),  Source (soy-based, wheat-based,
  mycoprotein, others), Category (frozen
  refrigerated), by Region - Global Forecast to
  2020
• http//www.marketsandmarkets.com/Market-Reports/m
  eat-substitutes-market-979.html
• Early buyers will receive 10 customization on
  reports.

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• Global Meat Substitutes Market is expected to
  reach USD 5.17 Billion by 2020 at a CAGR of 6.4
  from 2015 to 2020
• The segmentation considered for this report is
  based on type, source, category, and region. The
  market has been segmented on the basis of type
  into tofu tofu ingredients, tempeh, TVP, quorn,
  other soy-products (miso, yaso, natto), seitan,
  and others (lupin, pea-protein, risofu, and
  valess). The market for tofu tofu ingredients
  is projected to witness the highest growth as a
  result of increasing awareness about the health
  benefits of soybean, and high production in
  countries such as the U.S., India, and China.
  Also, increasing demand for healthy and
  diversified food and the growing convenience food
  industry has supported the growth of the meat
  substitutes market, especially in the
  Asia-Pacific region.
• The market has been further segmented on the
  basis of source into soy-based, wheat-based,
  mycroprotein, and others. The soy-based segment
  accounted for a 68 market share in the global
  meat substitutes market in 2014. This segment is
  witnessing growth due to increasing consumption
  of soybean owing to its high nutritional value in
  almost all regions of the world.

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• The category segment of meat substitutes includes
  frozen and refrigerated meat substitutes. The
  frozen meat substitutes segment accounted for the
  largest market share in 2014.
• The meat substitutes market is projected to grow
  at a CAGR of 6.4 from 2015 to 2020. The high
  demand for meat-free food products from emerging
  economies due to increased health awareness of
  the consumers is expected to accelerate the
  growth of the meat substitutes market. The major
  restraining factors of the meat substitutes
  market are the increasing prices of meat
  substitutes and the ill effects of meat
  substitutes.
• Leading players in the meat substitutes market
  include Amys Kitchen (U.S.), Beyond Meat (U.S.),
  Sonic Biochem Extractions Limited (India), MGP
  Ingredients (U.S.), and Garden Protein
  International Inc. (Canada). One of the major
  developments observed in the meat substitutes
  market is new product launches. This strategy was
  adopted due to the increasing demand for
  vegetarian food products all over the world. It
  helped manufacturers to enhance their vegetarian
  and clean label product portfolio and also
  increase their geographic presence in the meat
  substitutes industry. Companies are adopting
  inorganic growth strategies such as acquisitions,
  agreements, and joint ventures to cope with the
  increasing demand for meat substitutes in key
  emerging markets. These strategies have helped
  them to create a large customer and partner base
  in key markets.

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