Meat Substitutes Market is Projected to Offer Huge Growth Potential by 2027

According to the latest report by IMARC Group, titled "Meat Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global meat substitutes market size reached US$ 4.9 Billion in 2019.

Meat substitutes are meat alternatives that are manufactured using grain and plant-based sources to replicate the taste, texture and appearance of meat products.

Moreover, the emerging trend of veganism on the global level, especially in developed countries, along with shifting dietary preferences and inflating disposable income levels, is providing a thrust to the market growth.

Numerous awareness campaigns organized by animal welfare organizations regarding the adverse effects of high levels of meat consumption are further creating a positive outlook for the market.

Various nutritionists and climate activists are also promoting the adoption of a meat-free diet to avoid the strain caused on the environment by the rising meat consumption.

Furthermore, enhanced focus toward sustainable development among the masses has contributed to the uptake of meat substitutes.

Players, stakeholders, and other participants in the global Meat Substitutes market will be able to gain the upper hand as they use the report as a powerful resource.

To meet the increasing demand, plant-based meat manufacturers are launching new products in the market.

Key factors driving the market growth in the Asia Pacific region include the need for health benefits, animal welfare, environment safety, cost affordability, and the growing variety of plant-based meat products.

Non-meat-based meals are already popular in Asia, with tofu used extensively in Asian cuisines and bean-based congees widely consumed in countries such as China.

Moreover, the increase in the number of start-ups in Asian countries, such as India, Japan, and China, is further encouraging the market growth.

Segment by Type, the Meat Substitutes market is segmented into Tofu & Tofu IngredientsTempehTextured Vegetable Protein (TVP)SeitanQuorn Segment by Application, the Meat Substitutes market is segmented into CommercialHousehold Regional and Country-level AnalysisThe Meat Substitutes market is analysed and market size information is provided by regions (countries).The key regions covered in the Meat Substitutes market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

The plant-based meat market is anticipated to reach US$4,780.609 million out of 2024 from US$1,571.438 million out of 2018 at a CAGR of 20.37%.

Plant-based meat items are meat substitutes which mirror the properties found inside regular meats.

Contrasted with meat items, plant-based meats—generally — offer customers an increasingly economical and naturally benevolent line up of meat options.

We have included all the segment of this market in our market research report.

The Meat Substitutes Market research report provides the newest industry data, growth, key segments and future trends on the idea of the detailed study.

This market report also allows you to spot the longer term opportunity and rate of growth of the leading segment supported regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the meat substitutes market include Turtle Island Foods, Inc., Nutrisoy Pty Ltd, Pinnacle Foods, Inc., Amy's Kitchen Inc., Atlantic Natural Foods, LLC, Impossible Foods Inc., The Hain Celestial Group, Inc., Beyond Meat Inc., Pacific Foods of Oregon, Inc., Monde Nissin Corporation, Kellogg Company, Fry Group Foods (Pty) Ltd., Nasoya Foods, Inc., Hügli Holding AG, Sweet Earth, Inc., VBites Food ltd., The Kraft Heinz Company, Schouten Europe B.V., Lightlife Foods Inc., and Taifun-Tofu GmbH., and many others..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Meat Substitutes Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/meat-substitutes-market/download-sampleMarket DynamicsThe rising health awareness, coupled with a growing consumer preference of vegetarian foods across the world, is augmenting the market growth.

Rising occurrences of such health diseases, for instance, obesity-related disorders, such as diabetes, cardiovascular diseases, and others, have considerably increased in the last few years, which, in turn, is excepted to propel the market growth.

Rising awareness regarding the environmental impact of animal farming for meat production and the on-going trend of veganism is boosting the demand.

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.

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.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-meat-substitutes-market-2018-2023/request-sample Segmentation based on source typeThe different types of sources from which the meat substitute products are derived include soy, wheat and mycoprotein.

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.

The global meat substitutes market size was valued at US$ 4.9 Billion in 2019.

Meat substitutes include vegetarian alternatives to poultry, fish, and meat products with similar taste, appearance, and texture.

They are produced from plant-based sources and help in controlling blood cholesterol, pressure and sugar levels.

They are generally processed with food additives, emulsifiers, coloring, and leavening agents for enhanced flavor, texture, and prolonged shelf-life.Explore full report with table of contents: https://www.imarcgroup.com/meat-substitutes-marketLooking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.

The rising consumer health consciousness, along with the changing inclination towards a vegetarian diet, is primarily driving the market for meat substitutes.

The global meat substitutes market is also gaining momentum due to the emerging trend of veganism, particularly among the millennial and urbanized population.

New York July 01, 2019 - According to a new report released by Research on Global Markets, 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.

The rise in the demand for meat alternatives is an indicator that meat substitutes are no longer seen as a product exclusively for vegetarians or vegans, but is an attempt to push towards plat based alternatives for a more nutritious diet and healthier lifestyle.

According to the report, the increasing cases of obesity and diabetes and rising awareness of the environmental impact caused by the rearing of animals are the key growth factors of the global meat substitutes market.

The tofu and tofu based products segment held the largest share of the market with 43% in 2018 due to its easy availability and high nutritional value.

Owing to its versatility, Seitan has found favour in American and European restaurants.Soy is by far the most popular meat substitute, it is a source of complete protein and can be adapted to suit several recipes.

It is populari n Asian diets and has also found its way in high profile western restaurants.

The Global Meat Substitutes Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on raw material, product, and category.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Raw Material – Soy-BasedBy Product – Textured Vegetable Protein (TVP)By Category – Frozen Meat SubstitutesBy Geography – EuropeBrowse the complete Global Meat Substitutes Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/18168-meat-substitutes-market-reportThe report also covers the complete competitive landscape of the global Meat Substitutes market with company profiles of key players such as:AMY’s Kitchen Inc.Beyond MeatBlue Chip GroupCauldron Foods U.KGarden Protein International Inc.Meatless B.V.MGP Ingredients Inc.Morning Star FarmsQuorn FoodsVbites Food Ltd.SEGMENTATIONS IN THE REPORT:By Raw Material:Soy-BasedWheat-BasedMycoproteinOthersBy Product:TofuTofu-Based ProductsTempehTextured Vegetable Protein (TVP)Other Soy ProductsSeitanQuornOthersBy Category:Frozen Meat SubstitutesRefrigerated Meat SubstitutesBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Meat Substitutes Market @ https://www.decisiondatabases.com/contact/download-sample-18168The Global Meat Substitutes Market has been exhibited in detail in the following chapters –Chapter 1 Meat Substitutes Market PrefaceChapter 2 Executive SummaryChapter 3 Meat Substitutes Industry AnalysisChapter 4 Meat Substitutes Market Value Chain AnalysisChapter 5 Meat Substitutes Market Analysis By Raw MaterialChapter 6 Meat Substitutes Market Analysis By ProductChapter 7 Meat Substitutes Market Analysis By CategoryChapter 8 Meat Substitutes Market Analysis By GeographyChapter 9 Competitive Landscape Of Meat Substitutes CompaniesChapter 10 Company Profiles Of Meat Substitutes IndustryPurchase the complete Global Meat Substitutes Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-18168Other Reports by DecisionDatabases.com:Global Milk Permeate Powder Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Meat Speciation Testing Market Research Report – Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

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