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

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

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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. – PowerPoint PPT presentation

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


1
Meat Alternatives Market
  • February 2020

Report Id REP-GB-11042 Published On
February-2020 Category Food and Beverages
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
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combines current market intelligence, statistical
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
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  • Coverage across value chain
  • Key industry experts
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  • Developments
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  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
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  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
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.

5
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

6
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.

7
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).
  • Explore Extensive Coverage of FMI's Food and
    Beverages Landscape
  • Ready-to-Eat Food Market - Get comprehensive
    information on ready-to-eat food market through
    FMI's review on prevailing trends, opportunities,
    challenges, and growth drivers of the market for
    2016-2026.
  • Baking Soda Substitute Market - FMI's study
    demonstrates key market dynamics of global baking
    soda substitute market along with value
    forecasts, current environment, trends, segments,
    and market leaders for 2018-2028.
  • Vegan Cheese Market - Obtain in-depth insights on
    global vegan cheese market through FMI's
    extensive analysis covering market statistics,
    region-wise data, segment-wise data, competitive
    landscape, and key influencing factors.

8
Meat Alternatives Market Analysis
  • Press-Release Source - https//www.futuremarketins
    ights.com/press-release/meat-alternatives-market
  • About Future Market Insights (FMI)
  • Future Market Insights (FMI) is a leading
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9
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