Global Meat Substitutes Market, By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan and Others), By Source (Soy, Wheat, Mycoprotein and Others), By Category (Frozen, Refrigerated and Shelf-Stable), By Company and By Region, Forecast & Opportunities, 2028

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Summary

Report Description

Global Meat Substitutes Market is expected to reach USD 6.82 Billion at a CAGR of over 6% during 2023-2028. The major factors such as consumers consciousness regarding the increase in obesity levels, rising health consciousness among consumers, rising number of vegetarians and increasing demand for soy-based meat substitutes. Based on category, in 2022, the frozen meat substitutes segment accounted for the largest share due to changes in buying outlines, with consumers moving from small grocery shops to hyper and supermarkets in emerging economies. In 2022, Europe & CIS accounted for the largest share of the meat substitutes market due to increasing health-conscious customers and increasing occurrences of diseases such as high-blood pressure, diabetes and constipation. The major key players in the market are DuPont, ADM, Quorn Foods and many more. 

Some of the leading players in the Global Meat Substitutes market are The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless, VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods etc.

Objective of the Study:

  • To analyse and forecast the market size of Meat Substitutes, in terms of value and volume.
  • To classify and forecast Global Meat Substitutes based on type, source, category and regional distribution.
  • To identify drivers and challenges for Global Meat Substitutes.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Meat Substitutes.
  • To conduct the pricing analysis for Meat Substitutes.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Meat Substitutes.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of global Meat Substitutes using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Meat substitutes manufacturers
  • Raw material suppliers
  • Distributors and traders
  • End users
  • Food Retailers
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

 

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

 

Segments covered

·         Type

·         Source

·         Category

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia

Key companies profiled

The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless, VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Meat Substitutes market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Meat Substitutes Market, By Type:
    • Soy Products
    • Quorn
    • Tempeh
    • Tofu
    • Seitan
    • Others
  • Global Meat Substitutes Market, By Source:
    • Soy
    • Wheat
    • Mycoprotein
    • Others
  • Global Meat Substitutes Market, By Category:
    • Frozen
    • Refrigerated
    • Shelf-Stable
  • Global Meat Substitutes Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Meat Substitutes.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Product Awareness

4.2.  Product Pricing

4.3.  Product Quality

4.4.  Factor Influencing Purchase Decision

5.    Impact of COVID-19 on Global Meat Substitutes Market

6.    Global Meat Substitutes Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Soy Products, Quorn, Tempeh, Tofu, Seitan and Others)

6.2.2.     By Source (Soy, Wheat, Mycoprotein and Others)

6.2.3.     By Category (Frozen, Refrigerated and Shelf-Stable)

6.2.4.     By Company (2022)

6.2.5.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Meat Substitutes Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Category

7.2.3.     By Source

7.2.4.     By Country

7.3.  Market Attractiveness Index

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China Meat Substitutes Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Category

7.4.1.3.         Market Attractiveness Index

7.4.2.     India Meat Substitutes Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Category

7.4.2.3.         Market Attractiveness Index

7.4.3.     Japan Meat Substitutes Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Category

7.4.3.3.         Market Attractiveness Index

7.4.4.     South Korea Meat Substitutes Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Type

7.4.4.2.2.             By Category

7.4.4.3.         Market Attractiveness Index

7.4.5.     Australia Meat Substitutes Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Type

7.4.5.2.2.             By Category

7.4.5.3.         Market Attractiveness Index

7.4.6.     Singapore Meat Substitutes Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Value & Volume

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.             By Type

7.4.6.2.2.             By Category

7.4.6.3.         Market Attractiveness Index

7.4.7.     Malaysia Meat Substitutes Market Outlook

7.4.7.1.         Market Size & Forecast

7.4.7.1.1.             By Value & Volume

7.4.7.2.         Market Share & Forecast

7.4.7.2.1.             By Type

7.4.7.2.2.             By Category

7.4.7.3.         Market Attractiveness Index

8.    Europe & CIS Meat Substitutes Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Category

8.2.3.     By Source

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Europe: Country Analysis

8.4.1.     France Meat Substitutes Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Category

8.4.1.3.         Market Attractiveness Index

8.4.2.     Germany Meat Substitutes Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Category

8.4.2.3.         Market Attractiveness Index

8.4.3.     United Kingdom Meat Substitutes Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Category

8.4.3.3.         Market Attractiveness Index

8.4.4.     Italy Meat Substitutes Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Category

8.4.4.3.         Market Attractiveness Index

8.4.5.     Spain Meat Substitutes Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Category

8.4.5.3.         Market Attractiveness Index

9.    North America Meat Substitutes Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Category

9.2.3.     By Source

9.2.4.     By Country

9.3.  Market Attractiveness Index

9.4.  North America: Country Analysis

9.4.1.     United States Meat Substitutes Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Category

9.4.1.3.         Market Attractiveness Index

9.4.2.     Mexico Meat Substitutes Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Category

9.4.2.3.         Market Attractiveness Index

9.4.3.     Canada Meat Substitutes Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             By Category

9.4.3.3.         Market Attractiveness Index

10.  South America Meat Substitutes Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Category

10.2.3.  By Source

10.2.4.  By Country

10.3.              Market Attractiveness Index

10.3.1.  Brazil Meat Substitutes Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Category

10.3.1.3.      Market Attractiveness Index

10.3.2.  Argentina Meat Substitutes Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Category

10.3.2.3.      Market Attractiveness Index

10.3.3.  Colombia Meat Substitutes Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Category

10.3.3.3.      Market Attractiveness Index

11.  Middle East and Africa Meat Substitutes Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Category

11.2.3.  By Source

11.2.4.  By Country

11.3.              Market Attractiveness Index

11.4.              MEA: Country Analysis

11.4.1.  South Africa Meat Substitutes Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Type

11.4.1.2.2.           By Category

11.4.1.3.      Market Attractiveness Index

11.4.2.  Saudi Arabia Meat Substitutes Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Type

11.4.2.2.2.           By Category

11.4.2.3.      Market Attractiveness Index

11.4.3.  UAE Meat Substitutes Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Type

11.4.3.2.2.           By Category

11.4.3.3.      Market Attractiveness Index

11.4.4.  Qatar Meat Substitutes Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Value & Volume

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Type

11.4.4.2.2.           By Category

11.4.4.3.      Market Attractiveness Index

12.  Supply Chain Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Top 10 Companies)

16.2.1.  The Nisshin Ollio Group

16.2.2.  MGP Ingredients

16.2.3.  ADM

16.2.4.  Meatless

16.2.5.  VBites

16.2.6.  Sonic Biochem Limited

16.2.7.  MGP Ingredients

16.2.8.  Beyond Meat

16.2.9.  Amy’s Kitchen,

16.2.10.                Quorn Foods

17.  Strategic Recommendation

Figures and Tables

Frequently asked questions

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Growing health consciousness and changing consumer preference to consume soy-based ingredients and rise in the number of market players offering innovative products are driving the demand of the global meat substitutes market.

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The market is studied and divided the market into regions namely, North America, South America, Europe & CIS, Asia-pacific and Middle East and Africa. Europe & CIS is expected to hold the largest market share in the forecast period due to growing prevalence of obesity-based disorders and increased awareness about the benefits of consuming vegan and vegetarian food items and beverages.

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Based on category, the market is divided into frozen, refrigerated and shelf stable. Frozen meat substitutes are expected to capture the largest market share in the forecast period.

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The Nisshin Ollio Group, MGP Ingredients, ADM, Meatless, VBites, Sonic Biochem Limited, MGP Ingredients, Beyond Meat, Amy’s Kitchen, Quorn Foods are the key players leading the growth of global meat substitutes market.

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