Meat Substitutes Market Manufactures, Trends, Growth, Outlook and Forecast By 2018-2023
The global meat substitutes market is projected to expand at a CAGR of 7.4% during the forecast period (2018-2023) and is expected to be worth USD 6.1 billion by 2023. Rising health issues (which includes obesity and diabetes) owing to the excess consumption of meat products, and increasing awareness of environmental impact caused by rearing of animals (for meat consumption) are major factors driving the consumers to shift towards meat substitutes. The emerging trend in the meat substitutes market includes diversification of raw materials used in the making of alternative meat products, primarily shifting from soy and wheat, to recognizable, clean-label ingredients, and high quality protein, which appeals to non-vegans and non-vegetarians.
Segmentation based on product type
The different product types offered in the meat substitutes market include tofu and tofu-based products, tempeh, seitan, textured vegetable protein (TVP) and quorn. The tofu and tofu-based food contributed the largest market share of 43% in 2018, due to its ease of availability, and high nutritional value. Seitan is projected to show the highest CAGR of 8.3% during 2018-2023, as it is steadily gaining popularity in the form of vegan 'comfort food', and is also being used in junk food like burger, pizza, fake fried chicken, and kebabs. Due to its versatile nature, it is abundantly available in restaurants in Europe and the US.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-meat-substitutes-market-2018-2023/request-sample
Segmentation based on source type
The different types of sources from which the meat substitute products are derived include soy, wheat and mycoprotein. The soy segment contributed the largest market share of 48% in 2018, owing to the awareness of its high protein content and various health benefits associated with it. Wheat is expected to expand at a CAGR of 7.7% during 2018-2023, as wheat gluten is a key ingredient for the preparation of seitan and it also provides high content of minerals, vitamin B, and zinc, which is essential for a meat substitute product. The mycoprotein segment is expected to expand at the CAGR of 7.8% during 2018-2023, as mycoprotein is associated with numerous health benefits such as stable blood pressure, improved digestive system, and lower cholesterol.
Regional insights
The meat substitutes market in Europe is expected to expand at the highest CAGR of 9.3% during the 2018-2023 period, as this market is driven by the rise in health-conscious consumers due to the growing incidences of diseases and conditions such as diabetes, high-blood pressure, and constipation coupled with the trend of flexitarian lifestyle that has been fueling the market for meat substitutes. The North American meat substitutes market is expected to expand at a CAGR of 5.9% during the forecast period, which is driven by the presence of innovative startups like Meatless B.V, Beyond Meat, and Next Level Burgers that offer a wide range of alternatives to meat, and satiate the taste buds of not only vegan consumers, but to non-vegetarians as well. In 2018, the Asia-Pacific region which contributed USD 0.8 Bn in the total meat substitutes market, is driven by industrial growth and improvements in the food industry, providing new opportunities for the meat substitutes market in this region. In Europe, the contribution of new product launches from the meat substitutes category increased from 9% in 2013 to 11% in 2018 (Jan-Sep). This trend was also seen across the globe with new product launches increasing from 6% to 14%.
Companies covered
• Amy's Kitchen
• VBites
• Monde Nissin Corporation
• Beyond Meat
• Impossible Foods
• Sunfed
• Next Level Burgers
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-meat-substitutes-market-2018-2023
Table of Contents
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in the study
1.3. Executive summary
Chapter 2: Introduction
2.1. Market definitions
2.2. Revenue based on product type - (2018) (USD Bn)
2.3. Revenue based on source type - (2018) (USD Bn)
2.4. Global market trends
2.5. Global market drivers
2.6. Global market challenges
2.7. Value chain of meat substitute products
2.8. Distribution channel analysis
Chapter 3: Global Meat Substitutes Market Overview
3.1. Market overview
3.1.a. Global historical market revenue - (2015-2017) (USD Bn)
3.1.b. Global forecasted market revenue - (2018-2023) (USD Bn)
3.1.c. Geography-wise market revenue - (2018, 2023) (USD Bn)
3.2. Global trends
Chapter 4: Global Meat Substitutes Market - Based on Product Type
4.1. Tofu and tofu-based
4.1.a. Revenue - (2015-2023) (USD Bn)
4.1.b. Drivers
4.1.c. Challenges
4.2. Textured vegetable Protein (TVP)
4.2.a. Revenue - (2015-2023) (USD Bn)
4.2.b. Drivers
4.2.c. Challenges
4.3. Seitan
4.3.a. Revenue - (2015-2023) (USD Bn)
4.3.b. Drivers
4.3.c. Challenges
4.4. Tempeh
4.4.a. Revenue - (2015-2023) (USD Bn)
4.4.b. Drivers
4.4.c. Challenges
4.5. Quorn
4.5.a. Revenue - (2015-2023) (USD Bn)
4.5.b. Drivers
4.5.c. Challenges
Continued ………
Read all Reports of this category @ https://www.radiantinsights.com/catalog/food-and-Beverages
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Segmentation based on product type
The different product types offered in the meat substitutes market include tofu and tofu-based products, tempeh, seitan, textured vegetable protein (TVP) and quorn. The tofu and tofu-based food contributed the largest market share of 43% in 2018, due to its ease of availability, and high nutritional value. Seitan is projected to show the highest CAGR of 8.3% during 2018-2023, as it is steadily gaining popularity in the form of vegan 'comfort food', and is also being used in junk food like burger, pizza, fake fried chicken, and kebabs. Due to its versatile nature, it is abundantly available in restaurants in Europe and the US.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-meat-substitutes-market-2018-2023/request-sample
Segmentation based on source type
The different types of sources from which the meat substitute products are derived include soy, wheat and mycoprotein. The soy segment contributed the largest market share of 48% in 2018, owing to the awareness of its high protein content and various health benefits associated with it. Wheat is expected to expand at a CAGR of 7.7% during 2018-2023, as wheat gluten is a key ingredient for the preparation of seitan and it also provides high content of minerals, vitamin B, and zinc, which is essential for a meat substitute product. The mycoprotein segment is expected to expand at the CAGR of 7.8% during 2018-2023, as mycoprotein is associated with numerous health benefits such as stable blood pressure, improved digestive system, and lower cholesterol.
Regional insights
The meat substitutes market in Europe is expected to expand at the highest CAGR of 9.3% during the 2018-2023 period, as this market is driven by the rise in health-conscious consumers due to the growing incidences of diseases and conditions such as diabetes, high-blood pressure, and constipation coupled with the trend of flexitarian lifestyle that has been fueling the market for meat substitutes. The North American meat substitutes market is expected to expand at a CAGR of 5.9% during the forecast period, which is driven by the presence of innovative startups like Meatless B.V, Beyond Meat, and Next Level Burgers that offer a wide range of alternatives to meat, and satiate the taste buds of not only vegan consumers, but to non-vegetarians as well. In 2018, the Asia-Pacific region which contributed USD 0.8 Bn in the total meat substitutes market, is driven by industrial growth and improvements in the food industry, providing new opportunities for the meat substitutes market in this region. In Europe, the contribution of new product launches from the meat substitutes category increased from 9% in 2013 to 11% in 2018 (Jan-Sep). This trend was also seen across the globe with new product launches increasing from 6% to 14%.
Companies covered
• Amy's Kitchen
• VBites
• Monde Nissin Corporation
• Beyond Meat
• Impossible Foods
• Sunfed
• Next Level Burgers
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-meat-substitutes-market-2018-2023
Table of Contents
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in the study
1.3. Executive summary
Chapter 2: Introduction
2.1. Market definitions
2.2. Revenue based on product type - (2018) (USD Bn)
2.3. Revenue based on source type - (2018) (USD Bn)
2.4. Global market trends
2.5. Global market drivers
2.6. Global market challenges
2.7. Value chain of meat substitute products
2.8. Distribution channel analysis
Chapter 3: Global Meat Substitutes Market Overview
3.1. Market overview
3.1.a. Global historical market revenue - (2015-2017) (USD Bn)
3.1.b. Global forecasted market revenue - (2018-2023) (USD Bn)
3.1.c. Geography-wise market revenue - (2018, 2023) (USD Bn)
3.2. Global trends
Chapter 4: Global Meat Substitutes Market - Based on Product Type
4.1. Tofu and tofu-based
4.1.a. Revenue - (2015-2023) (USD Bn)
4.1.b. Drivers
4.1.c. Challenges
4.2. Textured vegetable Protein (TVP)
4.2.a. Revenue - (2015-2023) (USD Bn)
4.2.b. Drivers
4.2.c. Challenges
4.3. Seitan
4.3.a. Revenue - (2015-2023) (USD Bn)
4.3.b. Drivers
4.3.c. Challenges
4.4. Tempeh
4.4.a. Revenue - (2015-2023) (USD Bn)
4.4.b. Drivers
4.4.c. Challenges
4.5. Quorn
4.5.a. Revenue - (2015-2023) (USD Bn)
4.5.b. Drivers
4.5.c. Challenges
Continued ………
Read all Reports of this category @ https://www.radiantinsights.com/catalog/food-and-Beverages
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Comments
Post a Comment