Global Meat Substitutes Market Industry Trends, Size, Share and Forecast 2023 - PowerPoint PPT Presentation

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Global Meat Substitutes Market Industry Trends, Size, Share and Forecast 2023

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The meat substitutes market is projected to grow from USD 4.6 billion in 2018 to USD 6.4 billion by 2023, recording a CAGR of 6.8% during the forecast period. This is attributed to the growing health concerns among consumers and increasing preference for vegan food due to their various health benefits. Furthermore, rising obesity levels due to the consumption of meat and meat products have led to an increasing consumer preference for meat substitutes. – PowerPoint PPT presentation

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Title: Global Meat Substitutes Market Industry Trends, Size, Share and Forecast 2023


1
MarketsandMarkets Presents
Meat Substitutes Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/m
eat-substitutes-market-979.html
2
The report "Meat Substitutes Market by Type (Tofu
Tofu Ingredients, Tempeh, Textured Vegetable
Protein (TVP), Seitan, and Quorn), Source (Soy,
Wheat, and Mycoprotein), Category (Frozen,
Refrigerated, and Shelf-Stable), and Region -
Global Forecast to 2023" The meat substitutes
market is projected to grow from 4.6 billion in
2018 to USD 6.4 billion by 2023, recording a
compound annual growth rate (CAGR) of 6.8 during
the forecast period. The major factors driving
the growth of the meat substitutes market include
rising health concerns such as obesity and
diabetes due to the consumption of meat products.
In addition, benefits provided by meat substitute
products, such as weight loss and general
wellbeing, are projected to drive the market for
these products during the forecast
period. Browse 77 market data Tables and 35
Figures spread through 133 Pages and in-depth TOC
on "Meat Substitutes Market - Global Forecast to
2023 The Asia Pacific is projected to be the
fastest-growing region in the meat substitutes
market during the forecast period. The Asia
Pacific is projected to be the fastest-growing
region in the meat substitutes market during the
forecast period due to the increasing focus on
agricultural practices and requirement of
high-quality agricultural produce. Furthermore,
the support from government and other
organizations for manufacturing meat substitute
products is projected to drive the growth of this
market. Additionally, the growing preference for
organically grown food products among consumers
and diversified food habits of people in this
region are factors that are projected to drive
the market growth for meat substitutes. Download
PDF Brochure https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id979
3
  • Report Objectives
  • Determining and projecting the size of the meat
    substitutes market, with respect to type, source,
    category, and regional markets, over a five-year
    period, ranging from 2018 to 2023.
  • Identifying attractive opportunities in the
    market by determining the largest and
    fastest-growing segments across regions
  • Providing detailed information about the key
    factors influencing the growth of the market
    (drivers, restraints, opportunities, and
    industry-specific challenges)
  • Analyzing the micromarkets, with respect to
    individual growth trends, future prospects, and
    their contribution to the total market
  • Identifying and profiling key market players in
    the meat substitutes market
  • Providing a comparative analysis of the market
    leaders on the basis of the following
  • Product offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
  • Understanding the competitive landscape and
    identifying the major growth strategies adopted
    by players across the key regions
  • Analyzing the value chain, products, and
    regulatory frameworks across key regions and
    their impact on the prominent market players
  • Providing insights into key product innovations
    and investments in the meat substitutes market
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id979

4
The frozen segment is projected to account for
the largest market share in the meat substitutes
market during the forecast period. The meat
substitutes market is segmented, on the basis of
category, into frozen, refrigerated, and
shelf-stable. The frozen segment is projected to
be the largest segment in the meat substitutes
market during the forecast period. This is
attributed to the rise in demand for convenience
foods and the development of emerging economies
such as China, India, and Brazil. The wheat
segment is projected to be the fastest-growing
segment in the meat substitutes market during the
forecast period. The meat substitute market is
segmented, on the basis of source, into soy,
wheat, mycoproteins, and others, which include
rice and milk. The wheat segment is projected to
be the fastest-growing segment due to its rich
essential amino acids and vitamin content. The
tofu tofu ingredients segment is projected to
account for the largest market share in the meat
substitutes market during the forecast
period. The meat substitutes market is
segmented, on the basis of type, into tofu tofu
ingredients, tempeh, textured vegetable protein,
and other soy products, which include miso, yaso,
and nattô), seitan, quorn, and other meat
substitutes such as risofu, valess, lupine, rice
protein, and pea protein. The tofu tofu
ingredients segment is projected to be a leading
segment in the meat substitutes market Request
Sample https//www.marketsandmarkets.com/requests
ampleNew.asp?id979  
5
  • Europe is projected to account for the largest
    market share in the meat substitutes market
    during the forecast period.
  • The European market accounted for the largest
    share in the meat substitutes market in 2017.
    This is attributed to increasing awareness
    regarding nutritional and meatless food and
    growing flexitarian population in this region.
     Furthermore, growing incidences of meat
    adulteration and spoiled meat have encouraged
    consumers to switch to vegan diets, which is
    projected to drive the market for meat
    substitutes in this region.
  • Key Market Players
  • Key vendors in the global meat substitutes market
    include ADM (US), DowDuPont (US), 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), and VBites (UK).
  • Recent Developments
  • In August 2017, ADM expanded its non-GMO soybean
    processing capabilities in Germany, to meet the
    growing demand for non-GMO and high-protein
    soybean meal across Europe.
  • Beyond Meat launched a new product, Beyond
    Sausage, in December 2017, to expand its product
    portfolio.
  • Speak to Analyst https//www.marketsandmarkets.
    com/speaktoanalystNew.asp?id979 

6
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
http//www.marketsandmarketsblog.com/market-report
s/food-and-beverage Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/marketsandmarket
s
7
About MarketsandMarkets
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