The global meat substitute market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for vegetarian food products and rising health concerns among consumers. The meat substitute market in North America is expected to grow at a CAGR of 7% during the forecast period, followed by Europe with a CAGR of 5%. Asia Pacific and Middle East & Africa are also expected to show significant growth rates during the forecast period due to increasing awareness about veganism and vegetarianism in these regions.
- The meat substitute market is growing due to the increasing number of people who are becoming vegetarians and vegans.
- The meat substitute market is also growing due to the increasing number of people who are becoming health conscious and want to eat more plant-based foods.
- The meat substitute market is also growing due to the increase in demand for vegan products, which has been driven by a rise in veganism across Europe and North America, as well as an increase in awareness about animal welfare issues such as factory farming, environmental degradation, and climate change.
- The meat substitute market is also growing due to the increased demand for vegetarian products from consumers who want more plant-based protein sources.
- The meat substitute market is also growing because it offers a healthier alternative than traditional meats.
Industry Growth Insights published a new data on “Meat Substitute Market”. The research report is titled “Meat Substitute Market research by Types (Tofu-based, Tempeh-based, TVP-based, Seitan-based, Quorn-based, Others), By Applications (Vegetarian, Non-vegetarian), By Players/Companies Amy's Kitchen, Beyond Meat, Cauldron Foods, Gardein Protein International, Quorn Foods, Vbites Food, Morningstar Farms, MGP Ingredients, Sonic Biochem Extractions, Archer Daniels Midland, DuPont, Nisshin OilliO, VBites, Impossible foods, Sunfed foods, Tofurky, Field Roast, Yves Veggie Cuisine, Trader Joe’s, Lightlife, Boca Burger”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meat Substitute Market Research Report
By Type
Tofu-based, Tempeh-based, TVP-based, Seitan-based, Quorn-based, Others
By Application
Vegetarian, Non-vegetarian
By Companies
Amy's Kitchen, Beyond Meat, Cauldron Foods, Gardein Protein International, Quorn Foods, Vbites Food, Morningstar Farms, MGP Ingredients, Sonic Biochem Extractions, Archer Daniels Midland, DuPont, Nisshin OilliO, VBites, Impossible foods, Sunfed foods, Tofurky, Field Roast, Yves Veggie Cuisine, Trader Joe’s, Lightlife, Boca Burger
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Meat Substitute Market Report Segments:
The global Meat Substitute market is segmented on the basis of:
Types
Tofu-based, Tempeh-based, TVP-based, Seitan-based, Quorn-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
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:
- Amy's Kitchen
- Beyond Meat
- Cauldron Foods
- Gardein Protein International
- Quorn Foods
- Vbites Food
- Morningstar Farms
- MGP Ingredients
- Sonic Biochem Extractions
- Archer Daniels Midland
- DuPont
- Nisshin OilliO
- VBites
- Impossible foods
- Sunfed foods
- Tofurky
- Field Roast
- Yves Veggie Cuisine
- Trader Joe’s
- Lightlife
- Boca Burger
Highlights of The Meat Substitute 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-based
- Tempeh-based
- TVP-based
- Seitan-based
- Quorn-based
- 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 Substitute 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.
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- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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- 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 substitutes are products that are made to look, taste, and feel like meat but do not contain any actual meat. They can be made from plant-based or animal-free ingredients, and they can be used in place of real meat in a variety of dishes.
Some of the key players operating in the meat substitute market are Amy's Kitchen, Beyond Meat, Cauldron Foods, Gardein Protein International, Quorn Foods, Vbites Food, Morningstar Farms, MGP Ingredients, Sonic Biochem Extractions, Archer Daniels Midland, DuPont, Nisshin OilliO, VBites, Impossible foods, Sunfed foods, Tofurky, Field Roast, Yves Veggie Cuisine, Trader Joe¢â‚¬â„¢s, Lightlife, Boca Burger.
The meat substitute market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Substitute 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 Substitute Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Substitute Market - Supply Chain
4.5. Global Meat Substitute Market Forecast
4.5.1. Meat Substitute Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Substitute Market Size (000 Units) and Y-o-Y Growth
4.5.3. Meat Substitute Market Absolute $ Opportunity
5. Global Meat Substitute 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 Substitute Market Size and Volume Forecast by Type
5.3.1. Tofu-based
5.3.2. Tempeh-based
5.3.3. TVP-based
5.3.4. Seitan-based
5.3.5. Quorn-based
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Meat Substitute 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 Substitute 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 Substitute 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 Substitute 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 Substitute 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 Substitute 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 Substitute Demand Share Forecast, 2019-2026
9. North America Meat Substitute 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 Substitute 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 Substitute 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 Substitute Market Size and Volume Forecast by Type
9.7.1. Tofu-based
9.7.2. Tempeh-based
9.7.3. TVP-based
9.7.4. Seitan-based
9.7.5. Quorn-based
9.7.6. 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 Substitute Demand Share Forecast, 2019-2026
10. Latin America Meat Substitute 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 Substitute 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 Substitute 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 Substitute Market Size and Volume Forecast by Type
10.7.1. Tofu-based
10.7.2. Tempeh-based
10.7.3. TVP-based
10.7.4. Seitan-based
10.7.5. Quorn-based
10.7.6. 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 Substitute Demand Share Forecast, 2019-2026
11. Europe Meat Substitute 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 Substitute 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 Substitute 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 Substitute Market Size and Volume Forecast by Type
11.7.1. Tofu-based
11.7.2. Tempeh-based
11.7.3. TVP-based
11.7.4. Seitan-based
11.7.5. Quorn-based
11.7.6. 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 Substitute Demand Share, 2019-2026
12. Asia Pacific Meat Substitute 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 Substitute 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 Substitute 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 Substitute Market Size and Volume Forecast by Type
12.7.1. Tofu-based
12.7.2. Tempeh-based
12.7.3. TVP-based
12.7.4. Seitan-based
12.7.5. Quorn-based
12.7.6. 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 Substitute Demand Share, 2019-2026
13. Middle East & Africa Meat Substitute 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 Substitute 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 Substitute 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 Substitute Market Size and Volume Forecast by Type
13.7.1. Tofu-based
13.7.2. Tempeh-based
13.7.3. TVP-based
13.7.4. Seitan-based
13.7.5. Quorn-based
13.7.6. 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 Substitute Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Meat Substitute Market: Market Share Analysis
14.2. Meat Substitute Distributors and Customers
14.3. Meat Substitute Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Amy's Kitchen
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beyond Meat
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cauldron Foods
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gardein Protein International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quorn Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vbites Food
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Morningstar Farms
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MGP Ingredients
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sonic Biochem Extractions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Archer Daniels Midland
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DuPont
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nisshin OilliO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. VBites
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Impossible foods
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sunfed foods
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tofurky
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Field Roast
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Yves Veggie Cuisine
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Trader Joes
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Lightlife
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
