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

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MarketsandMarkets Presents
Meat Substitutes Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/m
eat-substitutes-market-979.html
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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
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• 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
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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
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• 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 

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