Market Overview:
The global meat alternatives market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing awareness about the health benefits of consuming meat alternatives, rising demand for vegetarian and vegan food products, and growing concerns about animal welfare. The soy-based segment is expected to dominate the global meat alternatives market in terms of revenue share during the forecast period. This can be attributed to soy-based products being low in fat and calories, as well as high in protein content. The tempeh segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its nutritional benefits such as high levels of fiber, vitamins B6 and B12, minerals (iron, magnesium), and antioxidants.
Product Definition:
Meat Alternatives are foods that either replace or complement meat in a diet. They are often made from plant-based proteins and can be a healthy, affordable, and sustainable option for people who want to reduce their meat intake.
Soybean:
Soybean is a plant that is grown in many countries and used for food. Soy has been around for centuries, it was considered as a delicacy in China before the adoption of rice as a staple food. The cultivation of soy has been growing over the past few decades owing to its increasing demand from various end-use industries such as animal feed, cosmetics, pharmaceuticals and biofuels among others.
Tempeh:
Tempeh is a cooked and fermented soy product. It's texture and consistency is like that of meat. It can be used as an alternative for the meat industry or along with it to enhance the nutritional value of the finished goods. The fermentation process makes tempeh more digestible by increasing its content of good bacteria, thus making it easier for your body to absorb nutrients than regular tofu.
Application Insights:
The non-vegetarian application segment led the global meat alternatives market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising number of flexitarian consumers across the world is expected to be a major factor driving demand for meat alternatives in this segment. Flexitarianism refers to vegetarian diet adopted by non-vegans, including both vegetarians and omnivores, as well as those who do not eat animal products but consume less than strict vegans or strict vegetarians.
In 2016, Europe had more than 22 million flexitarians while North America had 11 million such people (excluding Canada). Asia Pacific was estimated to have around 37 million flexible individuals in 2015 while Middle East & Africa was predicted to have 23 million such people within the same year.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being a developed economy, is expected to dominate the market in terms of revenue generation, followed by Europe and Asia Pacific. The growth can be attributed to rising awareness regarding health benefits associated with meat alternatives such as high protein content and low saturated fat content, thereby increasing its consumption across various application segments including vegetarian and non-vegetarian food products.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from developing economies such as China and India on account of changing consumer lifestyle along with growing population especially among youth who are more concerned about appearance rather than eating real meat products which are expensivelier than substitutes like tempeh or soybean product will help them save money while maintaining nutritional value thus boosting industry expansion over next eight years time frame.
Growth Factors:
- Increasing health concerns among consumers about the consumption of red meat and processed meat products due to their high levels of fat, cholesterol, and sodium.
- Growing demand for healthy and nutritious food options that are low in calories and unhealthy additives.
- Rising popularity of vegetarianism and veganism as lifestyle choices that promote good health.
- Proliferation of new meat alternative products made from plant-based proteins that taste similar to traditional meat products.
- Increased availability of these products through mainstream grocery stores, restaurants, and fast food chains
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat Alternatives Market Research Report
By Type
Soybean, Tempeh, Others,
By Application
Vegetarian, Non-vegetarian,
By Companies
Kellogg's, Pinnacle Foods, White Wave, Tofurky, Hain Celestial Group, Beyond Meat, Boca Foods, Phoney Baloneys, LightLife Foods, Amy's Kitchen
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Meat Alternatives Market Report Segments:
The global Meat Alternatives market is segmented on the basis of:
Types
Soybean, Tempeh, 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
Vegetarian, Non-vegetarian,
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:
- Kellogg's
- Pinnacle Foods
- White Wave
- Tofurky
- Hain Celestial Group
- Beyond Meat
- Boca Foods
- Phoney Baloneys
- LightLife Foods
- Amy's Kitchen
Highlights of The Meat Alternatives 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:
- Soybean
- Tempeh
- Others
- By Application:
- Vegetarian
- Non-vegetarian
- 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 Alternatives 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
- Identifying Appropriate Advertising Appeals
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 alternatives are products that resemble meat, but do not contain any animal protein. They can be made from plant-based or synthetic ingredients. Some common meat alternatives include vegan meats, vegetarian meats, and mock meats.
Some of the key players operating in the meat alternatives market are Kellogg's, Pinnacle Foods, White Wave, Tofurky, Hain Celestial Group, Beyond Meat, Boca Foods, Phoney Baloneys, LightLife Foods, Amy's Kitchen.
The meat alternatives market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Alternatives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Meat Alternatives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Alternatives Market - Supply Chain
4.5. Global Meat Alternatives Market Forecast
4.5.1. Meat Alternatives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Alternatives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Meat Alternatives Market Absolute $ Opportunity
5. Global Meat Alternatives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Meat Alternatives Market Size and Volume Forecast by Type
5.3.1. Soybean
5.3.2. Tempeh
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Meat Alternatives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Meat Alternatives Market Size and Volume Forecast by Application
6.3.1. Vegetarian
6.3.2. Non-vegetarian
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Meat Alternatives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Meat Alternatives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Meat Alternatives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Meat Alternatives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Meat Alternatives Demand Share Forecast, 2019-2026
9. North America Meat Alternatives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Meat Alternatives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Meat Alternatives Market Size and Volume Forecast by Application
9.4.1. Vegetarian
9.4.2. Non-vegetarian
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Meat Alternatives Market Size and Volume Forecast by Type
9.7.1. Soybean
9.7.2. Tempeh
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Meat Alternatives Demand Share Forecast, 2019-2026
10. Latin America Meat Alternatives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Meat Alternatives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Meat Alternatives Market Size and Volume Forecast by Application
10.4.1. Vegetarian
10.4.2. Non-vegetarian
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Meat Alternatives Market Size and Volume Forecast by Type
10.7.1. Soybean
10.7.2. Tempeh
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Meat Alternatives Demand Share Forecast, 2019-2026
11. Europe Meat Alternatives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Meat Alternatives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Meat Alternatives Market Size and Volume Forecast by Application
11.4.1. Vegetarian
11.4.2. Non-vegetarian
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Meat Alternatives Market Size and Volume Forecast by Type
11.7.1. Soybean
11.7.2. Tempeh
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Meat Alternatives Demand Share, 2019-2026
12. Asia Pacific Meat Alternatives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Meat Alternatives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Meat Alternatives Market Size and Volume Forecast by Application
12.4.1. Vegetarian
12.4.2. Non-vegetarian
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Meat Alternatives Market Size and Volume Forecast by Type
12.7.1. Soybean
12.7.2. Tempeh
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Meat Alternatives Demand Share, 2019-2026
13. Middle East & Africa Meat Alternatives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Meat Alternatives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Meat Alternatives Market Size and Volume Forecast by Application
13.4.1. Vegetarian
13.4.2. Non-vegetarian
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Meat Alternatives Market Size and Volume Forecast by Type
13.7.1. Soybean
13.7.2. Tempeh
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Meat Alternatives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Meat Alternatives Market: Market Share Analysis
14.2. Meat Alternatives Distributors and Customers
14.3. Meat Alternatives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kellogg's
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pinnacle Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. White Wave
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tofurky
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hain Celestial Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beyond Meat
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boca Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Phoney Baloneys
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LightLife Foods
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Amy's Kitchen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
