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meat substitute market trends analysis

Meat Substitute Market Trends, Analysis, And Forecasts To


Factors such as the health advantages linked with meat substitutes, inclination of customers towards

these products is rising across the world. The consumption of meat substitutes is beneficial for health

owing to the high protein content. Rise in health awareness among consumers along with altering the

preferences towards vegetarian diet are anticipated to propel the meat substitutes market growth during

the forecasted years.

Soy is the major raw material utilized for meat substitutes and is projected to render maximum revenue

in the forecast years. Large number of companies are investing profoundly in research and development

activities in order to launch superior products and also broaden their product portfolio in order to meet

the developing demand for meat substitutes especially from emerging economies. The organizations

working in meat substitutes market are majorly involved in partnerships as well as collaborations in

order to reinforce their product portfolio.

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The global meat substitutes market is classified based on product type and raw material. Depending upon

product type, the global market is divided into tofu based products, quorn, tempeh, textured vegetable

protein, tofu, other soy products, seitan, and others. The textured vegetable protein market segment is

projected to be the major segment in terms of revenue share over future years. Factors such as rise in

demand for soy-based meat substitutes among the consumers are leading to the high growth of the


Based on raw material used, the global meat substitutes market is classified into wheat based,

mycoprotein, soy based and others. Among the different types of raw material utilized for meat

substitutes, soy is the leading market segment, followed by wheat based over the forecast years. The

wheat based meat substitutes market is increasing especially in Asia-Pacific region owing to the large

consumption of wheat gluten by people in Asia Pacific region. Based on region, the global meat

substitutes market is classified into North America, Latin America, Europe, Asia Pacific and Middle East

and Africa.

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The global meat substitutes market is anticipated to witness strong growth over the future years owing

to the increasing health awareness along with rising outbreak of animal diseases. Based upon regions, the

European regional segment is likely to contribute largest market share, followed by North America

during the future period rise in health concern

during the future period. Rise in health concern of consumers in developed regions such as Europe and

North America is estimated to propel the growth of the meat substitute market. However, the Asia-Pacific

regional market is estimated to witness significant growth due to the increasing disposable income of

consumers in developing regions.

The major players in the meat substitutes market are Quorn Foods Inc., AMY's Kitchen, Inc., Vbites Foods

Ltd , Beyond Meat, gardein, Meatless B.V., Blue Chip Group Pty Ltd and Cauldron Foods. The major

players operating in meat substitues market are chiefly adopting strategy to increasingly produce novel

and superior products to cater to the budding and unmet need of consumers.

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