Market Overview:
The global meat alternates market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about health benefits of consuming meat alternatives, increasing demand for vegan and vegetarian food products, and growing trend of flexitarianism. The global meat alternates market is segmented on the basis of type into wheat based, mycoprotein, soy based, and others. The soy based segment is expected to dominate the market during the forecast period owing to its high nutritional value and health benefits. On the basis of application, the food processing segment is expected to account for a major share in terms of revenue in 2018 followed by hotel sector.
Product Definition:
Meat Alternates are foods that can replace meat in a dish. They are often high in protein and fiber, and low in fat. Meat Alternates can help you to reduce your intake of saturated fat and cholesterol, which can lower your risk of heart disease.
Wheat Based:
Wheat-based meat alternates are products derived from wheat gluten, which is extracted from wheat flour. It has high protein content and low fat & cholesterol levels. The product is used as a meat alternative in the food industry to replace animal flesh or reduce the fat content of various foods without affecting its organoleptic properties.
The global meat Alternates market size was valued at USD 1,849 million in 2016.
Mycoprotein:
Mycoprotein is a type of protein that is extracted from various sources including bovine, porcine, poultry and marine. It has been used as an ingredient in meat alternates market owing to its ability to replace the lost amino acids in processed meats during the manufacturing process. The primary function of mycoprotein is to add flavor and taste characteristics similar to muscle or meat.
The global meat Alternatives market was valued at USD 7 billion in 2015.
Application Insights:
Food processing was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The rising importance of processed meat products such as bacon, ham, sausages and beef on bread is expected to drive demand for meat alternates in this segment. In addition, increasing consumption of seafood coupled with a growing preference for healthy food is likely to propel demand growth over the forecast period.
Household applications are anticipated to witness significant growth owing to rising consumer awareness regarding health issues associated with processed meats including red meats and poultry products. Furthermore, increasing concerns regarding animal welfare along with changing lifestyles has led consumers towards adopting a vegan diet which further drives demand for mycoprotein based meat alternatives across households globally. Increasing popularity of quick meal options at restaurants coupled with hectic work schedules has driven consumers towards opting for packaged foods which includes these substitutes as an ingredient rather than preparing them at home thereby driving market growth over the past few years globally.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to high consumption of meat alternates in the food processing industry and hotels. The U.S., which is one of the most important markets, has witnessed a significant increase in demand on account of rising consumer awareness about healthy lifestyle and increasing vegan population.
The Asia Pacific is expected to be one of the fastest-growing regions with a CAGR exceeding 6.5% from 2018 to 2030 owing to rapid industrialization, growing middle-class population along with rising disposable income levels that are fueling demand for meat alternatives across China.
Growth Factors:
- Increasing health awareness among people about the benefits of consuming meat alternatives.
- Rising disposable income of consumers, which enables them to afford meat substitutes on a regular basis.
- Growing demand for vegetarian and vegan food products due to their health benefits.
- Proliferation of new product launches by manufacturers in order to cater to the evolving needs of consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat Alternates Market Research Report
By Type
Wheat Based, Mycoprotein, Soy Based, Others
By Application
Food Processing, Hotel, Household, Others
By Companies
Meatless Bv, Amy's Kitchen，Inc, Cauldron Foods, Beyond Meat, Vbites Foods Ltd, Gardein, Quorn Foods Inc, Blue Chip Group Pty Ltd, Meatless Bv
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Meat Alternates Market Report Segments:
The global Meat Alternates market is segmented on the basis of:
Types
Wheat Based, Mycoprotein, Soy Based, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing, Hotel, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Meatless Bv
- Amy's Kitchen，Inc
- Cauldron Foods
- Beyond Meat
- Vbites Foods Ltd
- Gardein
- Quorn Foods Inc
- Blue Chip Group Pty Ltd
- Meatless Bv
Highlights of The Meat Alternates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheat Based
- Mycoprotein
- Soy Based
- Others
- By Application:
- Food Processing
- Hotel
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Meat Alternates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Meat Alternates are products that are made from plant-based or vegan ingredients and can be used in place of meat. Meat Alternates can be found in many grocery stores, and they come in a variety of flavors, including beef, chicken, pork, lamb, turkey and fish.
Some of the major companies in the meat alternates market are Meatless Bv, Amy's Kitchen，Inc, Cauldron Foods, Beyond Meat, Vbites Foods Ltd, Gardein, Quorn Foods Inc, Blue Chip Group Pty Ltd, Meatless Bv.
The meat alternates market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meat Alternates Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Meat Alternates Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meat Alternates Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Meat Alternates Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Meat Alternates Market Size & Forecast, 2020-2028
4.5.1 Meat Alternates Market Size and Y-o-Y Growth
4.5.2 Meat Alternates Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wheat Based
5.2.2 Mycoprotein
5.2.3 Soy Based
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Processing
6.2.2 Hotel
6.2.3 Household
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meat Alternates Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Meat Alternates Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wheat Based
9.6.2 Mycoprotein
9.6.3 Soy Based
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Processing
9.10.2 Hotel
9.10.3 Household
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wheat Based
10.6.2 Mycoprotein
10.6.3 Soy Based
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Processing
10.10.2 Hotel
10.10.3 Household
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wheat Based
11.6.2 Mycoprotein
11.6.3 Soy Based
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Processing
11.10.2 Hotel
11.10.3 Household
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wheat Based
12.6.2 Mycoprotein
12.6.3 Soy Based
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Processing
12.10.2 Hotel
12.10.3 Household
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wheat Based
13.6.2 Mycoprotein
13.6.3 Soy Based
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Processing
13.10.2 Hotel
13.10.3 Household
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Meat Alternates Market: Competitive Dashboard
14.2 Global Meat Alternates Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meatless Bv
14.3.2 Amy's Kitchen，Inc
14.3.3 Cauldron Foods
14.3.4 Beyond Meat
14.3.5 Vbites Foods Ltd
14.3.6 Gardein
14.3.7 Quorn Foods Inc
14.3.8 Blue Chip Group Pty Ltd
14.3.9 Meatless Bv
