Meat Substitutes Market Report

Market Insights

Meat substitutes market is likely to witness a steady CAGR of 11.8% during the forecast period. The market for meat substitutes is driven by the surge in demand for plant-based meat products majorly among the millennials, globally.

Segment Analysis

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Meat Substitutes Market Share: By Product Type

Based on the product type, the meat substitutes market is segmented as soy protein, wheat protein, pea protein, and others. The soy protein segment is expected to be the largest segment, during the forecast period, due to the high demand for soy-based meat alternative products, such as pork, beef, and chicken, on account of their high protein content.

Meat Substitutes Market Share: By Type

Based on the type, the meat substitutes market is segmented as concentrates, isolates, and textured. The concentrates segment is expected to be the fastest-growing segment due to its low price and high protein content.

Meat Substitutes Market Share: By Form Type

Based on the form type, the market is segmented as solid and liquid. The solid segment is expected to remain the larger segment of the market during the forecast period owing to its ability to preserve flavor and color of food products.

Meat Substitutes Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing meat substitutes market during the forecast period. Awareness for animal welfare, health benefits, cost affordability, and growing variety of meat substitute products are driving the meat substitutes market in the region with China and India as the growth engines. 

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Market Scope & Segmentation

Growing concerns for animal welfare, awareness towards health, and environment safety have motivated humans to avoid animal meat. This has led to the increasing demand for meat substitutes. These are the food items that contain protein and nutrients equivalent to animal meat.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The meat substitutes market is segmented into the following categories. 

Meat Substitutes Market Size, Share, & Forecast, by Product Type:

• Tofu (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tempeh (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Seitan (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Quorn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Meat Substitutes Market Size, Share, & Forecast, by Type:

• Concentrates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Isolates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textured (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Meat Substitutes Market Size, Share, & Forecast, by Form Type:

• Solid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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Meat Substitutes Market Size, Share, & Forecast, by Source Type:

• Soy Protein (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wheat Protein (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pea Protein (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Meat Substitutes Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major players in the meat substitutes market are-

• Archer Daniels Midland Company
• DuPont
• Roquette Frères
• Kerry
• Ingredion
• Sotexpro S.A
• CRESPEL & DEITER
• CHS INC.
• Suedzucker
• MGP
• Ingredient.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by source type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.