Meat Substitutes Market Estimated to Exceed US$ 6.6 Billion Globally By 2024: IMARC Group

1. Global Meat Substitutes Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Meat Substitutes Market Overview: According to the latest report by IMARC Group, titled “Meat Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global meat substitutes market size reached US$ 4.8 Billion in 2018. Meat substitutes refer to food products that have a meat-like flavor, texture or appearance but do not contain meat. They are generally made up of raw materials that are rich in proteins and contain significant amounts of vitamins, iron, zinc and other nutrients that may be lacking in a vegan or a vegetarian diet. Due to the increasing awareness about the adverse health effects associated with the consumption of meat, consumers are shifting toward meat substitutes. Nowadays, many companies are investing substantially to improve the taste and texture of meat substitutes and providing a variety of product variants to consumers. Global Meat Substitutes Market Trends: Meat substitutes are gaining immense popularity across the globe as they are associated with maintaining cholesterol and blood sugar levels, preventing menopausal difficulties and other related ailments. Apart from this, several campaigns on animal welfare, along with the rising prices of meat products & growing health-consciousness, have shifted consumer preference toward plant-based diets.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, they are coming up with innovative products, such as non-GMO and certified organic meat substitute products, offering functional, sustainable and highly nutritional alternatives to animal products. Looking forward, the market value is projected to reach US$ 6.6 Billion by 2024, registering a CAGR of around 5% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/meat-substitutes- market/requestsample

5. Report Description and Highlights Report Description Along with this, the increasing awareness about the environmental impact of animal farming for meat production has further encouraged them to incorporate meat substitutes in their daily diet. Besides, manufacturers have established various online retail portals that provide seamless distribution of these products to consumers, which in turn has positively impacted the industry. Key Market Segmentation: Market Segmentation by Type • • • • • • Tofu & Tofu Ingredients Tempeh Textured Vegetable Protein (TVP) Seitan Quorn Others Based on the type, the market has been segregated into tofu and tofu ingredients, tempeh, textured vegetable protein (TVP), seitan, Quorn and others.

6. Report Description and Highlights Report Description Market Segmentation by Source • • • • Soy Wheat Mycoprotein Others On the basis of the source, the report finds that soy represents the most popular source. Other major segments are wheat and microprotein. Market Segmentation by Category • • • Frozen Refrigerated Shelf-Stable Based on the category, the market has been segmented into frozen, refrigerated and shelf-stable products. Amongst these, frozen meat substitutes are mostly preferred by consumers across the globe.

7. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/meat-substitutes-market Market Segmentation by Distribution Channel • • • • Supermarkets and Hypermarkets Health and Food Stores Convenience Stores Others The market has been categorized on the basis of the distribution channel into supermarkets and hypermarkets, health food stores, convenient stores and others. Market Segmentation by Region • • • • Asia Pacific Europe North America Middle East and Africa

8. Report Description and Highlights Report Description • Latin America Region-wise, Europe enjoys the leading position in the market. Other major regions include Asia Pacific, North America, Latin America, and Middle East and Africa. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • • • • • The Nisshin Oillio Group Dupont Archer Daniels Midland Amy's Kitchen Conagra Brands Quorn Foods Cauldron Foods Campbell Soup Company VBites

9. Report Description and Highlights Report Description • • • • • • • • • Blue Chip Group Field Roast Garden Protein International LightLife Sweet Earth Foods MGP Ingredients Tofurky Meatless Sonic Biochem Limited Browse Related Report Cakes and Pastries Market Report: https://www.imarcgroup.com/cakes-pastries-market Food Service Market Report: https://www.imarcgroup.com/food-service-market

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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