Market Overview:
The global meat analogue market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing awareness about the health benefits of meat analogues, rising demand for vegan and vegetarian food products, and growing trend of healthy eating. The tofu & tofu ingredients segment is projected to be the fastest-growing segment in the global meat analogue market during the forecast period. This can be attributed to its high nutritional value, easy digestibility, and versatility in cooking. The tempeh segment is also projected to grow at a high rate during the forecast period owing to its numerous health benefits such as improved digestion, weight loss, and cancer prevention. In terms of application, Application I dominated the global meat analogue market in 2017 and is projected to maintain its dominance throughout the forecast period.
Product Definition:
Meat analogue is a foodstuff that has the taste, appearance, and cooking qualities of meat but does not come from an animal. It can be made from plant-based or synthetic sources.
Tofu & tofu ingredients:
Tofu is a food product made from soy curd. It is called the vegetable protein and has numerous nutritional properties. Tofu can be used as an alternative to meat, fish, eggs and other dairy products in vegan diet.
Tempeh:
Tempeh is a cooked form of soy that has been fermented for 20-30 hours. It's texture and consistency is similar to meat and it can be used as an alternative to traditional meat products such as beef, pork, & poultry. Tempeh has higher protein content than regular tofu (soybean curd)and it's easier to digest.
Application Insights:
Application I includes food and beverage applications. The global meat analogue market in this segment was valued at USD 1.96 billion in 2017 and is expected to witness significant growth over the forecast period owing to rising awareness regarding health benefits among consumers, increasing demand for meat-free foods across various regions, including Europe, North America and Asia Pacific countries.
The growing popularity of vegan diet has resulted in increased consumption of tofu products such as tofu cheese and textured vegetable protein (TVP) which is a form of seitan; these ingredients are widely used as an alternative source for providing proteins to the diets of animals reared for food purposes.
Regional Analysis:
North America dominated the global meat analogue market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high demand for processed meat analogues from countries such as U.S., Canada, and Mexico due to rising consumer awareness regarding health benefits associated with these products coupled with growing concerns about sustainability of beef production in this region has resulted in increased consumption of TVP and seitan as well other soy-based products across this region.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing population coupled with changing food habits especially among youth consumers who are more health conscious than ever before which has led them towards adopting veganism or vegetarianism lifestyle resulting into increased demand for plant-derived protein sources such as textured vegetable protein (TVP), seitan, tempeh etc.
Growth Factors:
- Increasing health concerns among consumers about the consumption of meat and meat-based products.
- Growing popularity of veganism and vegetarianism as lifestyle choices, which is driving demand for plant-based meat alternatives.
- Rising awareness about the environmental impact of livestock farming and the benefits of eating plant-based proteins instead.
- The increasing availability of affordable, high-quality meat analogues in supermarkets and restaurants worldwide.
- The growing trend towards flexitarianism, where people reduce their intake of animal protein but do not go fully vegan or vegetarian, is also benefiting the meat analogue market
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat Analogue Market Research Report
By Type
Tofu & tofu ingredients, Tempeh, Textured vegetable protein (TVP), Other soy products (risofu and vales), Seitan, Quorn
By Application
Application I, Application II
By Companies
Archer Daniels Midland Company, E.I. Du Pont De Nemours & Company, The Nisshin Ollio Group Ltd., Sonic Biochem Extractions Ltd., MGP Ingredients Inc., Garden Protein International Inc., Beyond Meat, Inc., Amy’s Kitchen Inc., Quorn Foods, Morningstar Farms LLC
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Meat Analogue Market Report Segments:
The global Meat Analogue market is segmented on the basis of:
Types
Tofu & tofu ingredients, Tempeh, Textured vegetable protein (TVP), Other soy products (risofu and vales), Seitan, Quorn
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
Application I, Application II
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:
- Archer Daniels Midland Company
- E.I. Du Pont De Nemours & Company
- The Nisshin Ollio Group Ltd.
- Sonic Biochem Extractions Ltd.
- MGP Ingredients Inc.
- Garden Protein International Inc.
- Beyond Meat, Inc.
- Amy’s Kitchen Inc.
- Quorn Foods
- Morningstar Farms LLC
Highlights of The Meat Analogue 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:
- Tofu & tofu ingredients
- Tempeh
- Textured vegetable protein (TVP)
- Other soy products (risofu and vales)
- Seitan
- Quorn
- By Application:
- Application I
- Application II
- 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 Analogue 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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 analogue is a term used to describe foods that are made from plant-based ingredients but resemble meat in taste and texture. These products can be used as replacements for meat in recipes or as snacks.
Some of the key players operating in the meat analogue market are Archer Daniels Midland Company, E.I. Du Pont De Nemours & Company, The Nisshin Ollio Group Ltd., Sonic Biochem Extractions Ltd., MGP Ingredients Inc., Garden Protein International Inc., Beyond Meat, Inc., Amy¢â‚¬â„¢s Kitchen Inc., Quorn Foods, Morningstar Farms LLC.
The meat analogue market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Analogue 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 Analogue Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Analogue Market - Supply Chain
4.5. Global Meat Analogue Market Forecast
4.5.1. Meat Analogue Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Analogue Market Size (000 Units) and Y-o-Y Growth
4.5.3. Meat Analogue Market Absolute $ Opportunity
5. Global Meat Analogue 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 Analogue Market Size and Volume Forecast by Type
5.3.1. Tofu & tofu ingredients
5.3.2. Tempeh
5.3.3. Textured vegetable protein (TVP)
5.3.4. Other soy products (risofu and vales)
5.3.5. Seitan
5.3.6. Quorn
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Meat Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Meat Analogue 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 Analogue 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 Analogue 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 Analogue 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 Analogue Demand Share Forecast, 2019-2029
9. North America Meat Analogue 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 Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Meat Analogue Market Size and Volume Forecast by Type
9.7.1. Tofu & tofu ingredients
9.7.2. Tempeh
9.7.3. Textured vegetable protein (TVP)
9.7.4. Other soy products (risofu and vales)
9.7.5. Seitan
9.7.6. Quorn
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 Analogue Demand Share Forecast, 2019-2029
10. Latin America Meat Analogue 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 Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Meat Analogue Market Size and Volume Forecast by Type
10.7.1. Tofu & tofu ingredients
10.7.2. Tempeh
10.7.3. Textured vegetable protein (TVP)
10.7.4. Other soy products (risofu and vales)
10.7.5. Seitan
10.7.6. Quorn
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 Analogue Demand Share Forecast, 2019-2029
11. Europe Meat Analogue 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 Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Meat Analogue Market Size and Volume Forecast by Type
11.7.1. Tofu & tofu ingredients
11.7.2. Tempeh
11.7.3. Textured vegetable protein (TVP)
11.7.4. Other soy products (risofu and vales)
11.7.5. Seitan
11.7.6. Quorn
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
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Meat Analogue Demand Share, 2019-2029
12. Asia Pacific Meat Analogue 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 Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Meat Analogue Market Size and Volume Forecast by Type
12.7.1. Tofu & tofu ingredients
12.7.2. Tempeh
12.7.3. Textured vegetable protein (TVP)
12.7.4. Other soy products (risofu and vales)
12.7.5. Seitan
12.7.6. Quorn
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 Analogue Demand Share, 2019-2029
13. Middle East & Africa Meat Analogue 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 Analogue 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 Analogue Market Size and Volume Forecast by ApplicationIII
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Meat Analogue Market Size and Volume Forecast by Type
13.7.1. Tofu & tofu ingredients
13.7.2. Tempeh
13.7.3. Textured vegetable protein (TVP)
13.7.4. Other soy products (risofu and vales)
13.7.5. Seitan
13.7.6. Quorn
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 Analogue Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Meat Analogue Market: Market Share Analysis
14.2. Meat Analogue Distributors and Customers
14.3. Meat Analogue Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. E.I. Du Pont De Nemours & Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Nisshin Ollio Group Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sonic Biochem Extractions Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MGP Ingredients Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Garden Protein International Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Beyond Meat, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amys Kitchen Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Quorn 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. Morningstar Farms LLC
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
