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Meat Substitutes Market Size, Share, and Analysis, By Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), By Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), By Types (Concentrates, Isolates and Textured), By Form (Solid, Liquid), By Category (Frozen, Refrigerated and Shelf Table), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 368 pages | ID: MA086BE735D6EN
Fatpos Global

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Meat Substitutes Market Size, Share, and Analysis, By Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Other Product), By Source (Soy Protein, Wheat Protein, Pea Protein and Other Sources), By Types (Concentrates, Isolates and Textured), By Form (Solid, Liquid), By Category (Frozen, Refrigerated and Shelf Table), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Meat Substitutes Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 5 billion and is projected t%li%reach USD 15.3 billion by the completion of 2034.

Meat substitutes are plant-based or lab-grown alternatives that are designed t%li%imitate the flavor, texture, and nutritional properties of genuine meat. These alternatives are highly sought after for ethical, environmental, or health reasons, and they frequently have low environmental consequences and saturated fat content than conventional meats. Commonly used sources in the production of meat substitutes include soy, wheat gluten, peas, and mycoprotein. Additionally, plant-derived substitutes such as tofu, tempeh, and seitan provide essential nutrients and protein. Technological innovations in cellular agriculture have simplified the development of lab-grown alternatives that replicate the authentic meat experience without the need for traditional animal farming practices. Therefore, meat substitutes play an important role in promoting sustainability and responding t%li%changing consumer preferences as they provide more nutritional options and reduce the environmental footprint associated with conventional meat production.

MARKET HIGHLIGHTS

Meat Substitutes Market is projected t%li%reach USD 15.3 billion over the forecast period, due t%li%increased consumer awareness regarding ethical, environmental, and health concerns. The growing demand for plant-based alternatives has resulted in increased manufacturing of new products such as plant-derived burgers, sausages, and lab-grown equivalents. Additionally, established food firms and startups are aggressively spending in R&D t%li%improve the flavours and texture of these alternatives. Moreover, the increasing adoption of vegetarian and flexitarian lifestyles, coupled with rising disposable incomes, is a significant factor for the growth of meat substitute market. Governmental initiatives which are aimed at promoting sustainable food practices and reducing meat consumption als%li%play a major role in stimulating market demand. Therefore, the meat substitute market will witness sustained growth as it offers sustainable choices t%li%consumers globally.

Meat Substitutes Market Segments:
  • By Product
  • Tofu
  • Tempeh
  • Textured Vegetable Protein
  • Seitan
  • Quorn
  • Other Product
  • By Source
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Other Sources
  • By Type
  • Concentrates
  • Isolates
  • Texture
  • By Form
  • Solid
  • Liquid
  • By Category
  • Frozen
  • Refrigerated
  • Shelf Table
MARKET DYNAMICS

Growth Drivers

Consumer Demand for Plant-Based Diets will Generate Growth Opportunities

Innovation and Product Development Will Lead t%li%Market Expansion

Restraint

Cost Issues Associated with High-Quality Products can Impede Industry Growth

Key Players
  • Beyond Meat, Inc.
  • Impossible Foods Inc.
  • Archer Daniels Midland Company
  • The Vegetarian Butcher
  • Nestlй S.A.
  • Quorn Foods
  • Conagra Brands, Inc.
  • Kellogg Company
  • Tyson Foods, Inc.
  • Maple Leaf Foods Inc.
  • Tofurky
  • Lightlife Foods, Inc.
  • Sweet Earth Foods
  • Oumph!
  • Gardein
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3.Meat Substitutes Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Meat Substitutes Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. MEAT SUBSTITUTES MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. MEAT SUBSTITUTES MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Product
    11.3.1.1. Tofu
      11.3.1.1.1. By Value (USD Million) 2024-2034F
      11.3.1.1.2.Market Share (%) 2024-2034F
      11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Tempeh
      11.3.1.2.1.By Value (USD Million) 2024-2034F
      11.3.1.2.2. Market Share (%) 2024-2034F
      11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Textured Vegetable Protein
      11.3.1.3.1.By Value (USD Million) 2024-2034F
      11.3.1.3.2. Market Share (%) 2024-2034F
      11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Seitan
      11.3.1.4.1.By Value (USD Million) 2024-2034F
      11.3.1.4.2. Market Share (%) 2024-2034F
      11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Quorn
      11.3.1.5.1.By Value (USD Million) 2024-2034F
      11.3.1.5.2. Market Share (%) 2024-2034F
      11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.6.Other Products
      11.3.1.6.1.By Value (USD Million) 2024-2034F
      11.3.1.6.2. Market Share (%) 2024-2034F
      11.3.1.6.3. Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Source
    11.3.2.1.Soy Protein
      11.3.2.1.1.By Value (USD Million) 2024-2034F
      11.3.2.1.2. Market Share (%) 2024-2034F
      11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Wheat Protein
      11.3.2.2.1. By Value (USD Million) 2024-2034F
      11.3.2.2.2.Market Share (%) 2024-2034F
      11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Pea Protein
      11.3.2.3.1. By Value (USD Million) 2024-2034F
      11.3.2.3.2.Market Share (%) 2024-2034F
      11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Other Sources
      11.3.2.4.1. By Value (USD Million) 2024-2034F
      11.3.2.4.2.Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3. By Type
    11.3.3.1.Concentrates
      11.3.3.1.1.By Value (USD Million) 2024-2034F
      11.3.3.1.2. Market Share (%) 2024-2034F
      11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Isolates
      11.3.3.2.1. By Value (USD Million) 2024-2034F
      11.3.3.2.2.Market Share (%) 2024-2034F
      11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Texture
      11.3.3.3.1. By Value (USD Million) 2024-2034F
      11.3.3.3.2.Market Share (%) 2024-2034F
      11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
  11.3.4. By Form
    11.3.4.1.Solid
      11.3.4.1.1.By Value (USD Million) 2024-2034F
      11.3.4.1.2. Market Share (%) 2024-2034F
      11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Liquid
      11.3.4.2.1. By Value (USD Million) 2024-2034F
      11.3.4.2.2.Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.5. By Category
    11.3.5.1.Frozen
      11.3.5.1.1.By Value (USD Million) 2024-2034F
      11.3.5.1.2. Market Share (%) 2024-2034F
      11.3.5.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.5.2. Refrigerated
      11.3.5.2.1. By Value (USD Million) 2024-2034F
      11.3.5.2.2.Market Share (%) 2024-2034F
      11.3.5.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.5.3. Shelf Table
      11.3.5.3.1. By Value (USD Million) 2024-2034F
      11.3.5.3.2.Market Share (%) 2024-2034F
      11.3.5.3.3.Y-o-Y Growth (%) 2024-2034F

12. NORTH AMERICA MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Product
  12.3.2.By Source
  12.3.3.By Type
  12.3.4.By Form
  12.3.5.By Category
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13. EUROPE MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Product
  13.3.2.By Source
  13.3.3.By Type
  13.3.4.By Form
  13.3.5.By Category
13.4. Country
  13.4.1.Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4. Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA-PACIFIC MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Product
  14.3.2.By Source
  14.3.3.By Type
  14.3.4. By Form
  14.3.5.By Category
14.4. Country
  14.4.1. India
  14.4.2.China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Product
  15.3.2.By Source
  15.3.3.By Type
  15.3.4.By Form
  15.3.5.By Category
15.4. Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4. South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA MEAT SUBSTITUTES MARKET SIZE & FORECAST 2024A-2034F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Product
  16.3.2.By Source
  16.3.3.By Type
  16.3.4.By Form
  16.3.5.By Category
16.4. Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.Beyond Meat, Inc.
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Impossible Foods Inc.
18.3.Archer Daniels Midland Company
18.4. Quorn Foods
18.5.Conagra Brands, Inc.
18.6.Nestlй S.A.
18.7.Kellogg Company
18.8. Tyson Foods, Inc.
18.9.Maple Leaf Foods Inc.
18.10.The Vegetarian Butcher
18.11. Tofurky
18.12. Lightlife Foods, Inc.
18.13. Sweet Earth Foods
18.14.Oumph!
18.15. Gardein
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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