United States Meat Substitutes Market to Grow with a CAGR of 9.91% through 2028
United States Meat Substitutes Market is being
propelled by the growing popularity of plant-based diets and increasing
availability of meat substitutes.
According to TechSci Research report, “United
States Meat Substitutes Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the United States Meat Substitutes
Market stood at USD 2.30 Billion in 2022 and is anticipated to grow with a CAGR
of 9.91% in the forecast period, 2024-2028. The United States Meat Substitutes
market is experiencing rapid growth and transformation as consumers
increasingly seek alternatives to conventional meat products. Key drivers
include health and environmental concerns, ethical considerations, and shifting
dietary preferences. Notable trends in the industry encompass diversification
of protein sources, clean labeling, the rise of hybrid meat-plant products, and
the development of cultured or lab-grown meat. However, the market faces
challenges like intense competition, regulatory and labeling issues, supply
chain disruptions, and the pursuit of authentic taste and texture in meat
substitutes. Despite these challenges, the industry is expanding to meet the
demands of a more health-conscious, eco-conscious, and diverse consumer base.
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One of the fundamental drivers of the meat substitutes
industry is the growing emphasis on health and wellness. Consumers are
increasingly conscious of the nutritional content of their diets and the impact
of their food choices on their well-being. Meat substitutes are seen as a
healthier option as they tend to be lower in saturated fats and cholesterol,
key contributors to heart disease. Furthermore, these products are often rich
in essential nutrients, such as plant-based proteins, dietary fiber, and
various vitamins and minerals, promoting better overall health. The trend
towards healthier eating habits has significantly boosted the demand for meat
substitutes, attracting those seeking a balanced and nutritious diet.
In recent years, there has been a remarkable surge in
the popularity of meat substitutes across the United States. This surge is
primarily driven by consumers looking for healthier, more sustainable, and
ethically responsible dietary choices. The conventional American diet, known
for its heavy reliance on meat products, has been gradually evolving. A growing
number of individuals are becoming health-conscious, concerned about the
environmental impact of meat production, and advocating for improved animal welfare.
These factors have contributed to the rise of meat substitutes as a viable
alternative.
Concerns over the environmental consequences of
traditional meat production practices are a driving force behind the growth of
the meat substitutes market in the United States. Livestock farming is a major
contributor to greenhouse gas emissions, deforestation, and high water
consumption. As climate change and sustainability gain prominence in public
discourse, consumers are actively seeking alternatives that have a lower
ecological footprint.
Meat substitutes provide an eco-friendly option, as
they generally require less land, water, and energy to produce compared to
animal agriculture. Plant-based proteins have a lower environmental impact,
making them a more sustainable solution to the ever-growing global demand for
protein. Additionally, the industry is evolving with the development of
cultured or lab-grown meat, which could further reduce the environmental harm
associated with large-scale animal farming.
Another major driving force behind the meat
substitutes market is the ethical and animal welfare concerns of consumers.
People are increasingly aware of the ethical dilemmas associated with
conventional meat production, such as overcrowded and inhumane conditions in
factory farms. This has led many individuals to seek out meat alternatives that
offer the taste and texture of meat without the associated ethical concerns.
Meat substitute companies emphasize their products'
ethical nature, reassuring consumers that these alternatives are entirely
plant-based, contain no animal-derived ingredients, and do not involve the
mistreatment of animals. This approach resonates with individuals who
prioritize animal rights and wish to make dietary choices that align with their
values. As the awareness of animal welfare issues continues to grow, this
ethical perspective will remain a critical driver in shaping the future of the
meat substitutes industry.
United States Meat Substitutes market is segmented
into product type, source, sales channel, and region.
Based on the source, the market is segmented into soy,
wheat, mycoprotein, and others.
Soy is a thriving and growing segment in the United
States Meat Substitutes market. Soy-based products have become increasingly
popular due to their versatility and excellent source of plant-based protein.
Tofu, tempeh, soy protein isolates, and other soy-based meat alternatives offer
a nutritious and sustainable choice for consumers looking to reduce their meat
consumption. Soy products are not only rich in protein but also naturally low
in saturated fats and cholesterol, aligning with health-conscious preferences.
Additionally, soy is a more environmentally sustainable protein source compared
to animal agriculture, making it a favored option in the shift towards more
eco-friendly and ethical dietary choices.
Major companies operating in United States Meat
Substitutes market are:
- Sonic Biochem
Limited
- Archer Daniels
Midland Company (ADM)
- Beyond Meat
Incorporated
- MGP Ingredients
- Conagra Brands
Incorporated
- Amy’s Kitchen
Inc.
- Gathered Foods
Corporation
- Quorn Foods
- VBites
- The Nisshin Ollio
Group
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“The United
States Meat Substitutes market is witnessing significant growth driven by
evolving consumer preferences and societal changes. Consumers increasingly opt
for meat substitutes due to health-conscious choices, environmental
sustainability concerns, ethical considerations, and flexible dietary
preferences. Notable trends include diversification of protein sources, clean
labeling, hybrid meat-plant products, and the emergence of cultured meat.
However, the industry faces challenges such as market saturation, regulatory
uncertainties, supply chain disruptions, and the need to improve taste and
texture. Despite these challenges, the meat substitutes industry continues to
expand, offering innovative and diverse options for a wide range of consumers
seeking more sustainable and ethical food choices.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“United States Meat Substitutes Market By
Product Type (Quorn, Tempeh, Tofu, Seitan, Others), By Source (Soy, Wheat,
Mycoprotein, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience
Stores, Online, Others) By Region, By Competition Forecast &
Opportunities, 2018-2028F, has evaluated the future growth potential of United
States Meat Substitutes market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers make sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United States Meat
Substitutes market.
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