Home / Food & Beverage / Meat Substitutes Market By Type (Textured Vegetable Protein (TVP), Quorn, Pea Protein, Tofu, Tempeh, Seitan, Other Meat Substitutes), By Source (Soy-Based Meat Substitutes, Wheat-Based Meat Substitutes, Mycoprotein Meat Substitutes, Other Sources Of Meat Substitutes) - Growth, Future Prospects & Competitive Analysis, 2017 – 2025

Meat Substitutes Market By Type (Textured Vegetable Protein (TVP), Quorn, Pea Protein, Tofu, Tempeh, Seitan, Other Meat Substitutes), By Source (Soy-Based Meat Substitutes, Wheat-Based Meat Substitutes, Mycoprotein Meat Substitutes, Other Sources Of Meat Substitutes) - Growth, Future Prospects & Competitive Analysis, 2017 – 2025

Published: Jan 2018 | Report Code: 58180-01-18

Meat substitutes are the food products which resemble meat in the texture, taste and protein qualities. Meat substitutes are made up of plant protein ingredients, which therefore contain no meat. The global meat substitutes market was valued at USD 3.84 billion in 2016. Meat substitutes market is mainly driven by the increasing health consciousness, shift in consumer preference towards natural plant proteins, rising meat prices and increasing demand from general middle class consumers. Meat substitutes are a part of the free-from trend, which is driven by health concerns, and the health & wellness trend. Growing global population is also a significant driver of the market. As per the UN projections, the global population will reach 8.9 billion people by 2050, increasing by 47% since 2000. In view of current trend, alternative sources of protein become an important factor of sustainable development. Meat substitutes are gaining across the globe among vegetarians as well as non-vegetarians and flexitarians – people who want to shift their diets towards consumption of less meat. Moreover, the manufacturers of meat substitute’s products target specifically non-vegetarians because this consumer group is interested in purchasing healthy foods that resemble similar flavors and textures that of meat. Since, meat causes various diseases, its vegetarian options are getting more popularity. The meat substitutes market has been segmented on the basis of type, source, and region.

Textured vegetable proteins accounted for approximately 40% revenue share in year 2016 of the meat substitutes market by type and is anticipated to maintain its dominance throughout the forecast period 2017 to 2025. However, pea protein is projected to grow at the robust growth of around 8.5% during the forecast period 2017 to 2025.

In terms of source, soy based meat substitutes held the largest share in terms of value in 2016. It is also projected to grow at a decent rate during the forecast period of 2017 to 2025. Availability of raw material, changing consumer preference towards plant sourced meat substitutes, and lower extraction cost of soy based meat substitutes is expected to drive segment growth over the forecast period.

In 2016, the meat substitutes market by region was dominated by the Europe accounting more than 35% of the market share. Europe was followed by the North America and Asia-Pacific. The UK is the largest national market for meat substitutes. Increasing number of vegetarians coupled with flexitarianism trend in the UK is projected to propel the demand for meat substitutes in the region. The UK is also projected see the fastest growth during the forecast period, at a CAGR of around 8.5% between 2017 and 2025.

The meat substitutes market is highly fragmented with the majority of the companies being small to medium size companies. Major players operating in the market are Amy’s Kitchen, Pinnacle Foods, Archer Daniels Midland Company, MGP Ingredients, Blue Chip Group, Monde Nissin, Kellogg Company, Hain Celestial, Beyond Meat, among others.

Global Meat Substitutes Market is segmented into following categories:

  • By Type
    • Textured vegetable protein (TVP)
    • Quorn
    • Pea protein
    • Tofu
    • Tempeh
    • Seitan
    • Other meat substitutes
  • By Source
    • Soy-Based Meat Substitutes
    • Wheat-Based Meat Substitutes
    • Mycoprotein Meat Substitutes
    • Other Sources of Meat Substitutes
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • ASEAN
      • ANZ
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • Rest of Middle East & Africa

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Top Down & Bottom Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot
2.2. Global Meat Substitutes Market, by Type, 2016
2.3. Global Meat Substitutes Market, by Source, 2016
2.4. Global Meat Substitutes Market, by Region, 2016
2.5. Global Meat Substitutes Market: Premium Insight
2.5.1. Attractive Market Opportunities in the Meat Substitutes Market
2.5.2. Global Meat Substitutes Market: Developed vs. Developing Economy
2.5.3. Global Meat Substitutes Market: Asia Pacific Market Analysis
2.5.4. Global Meat Substitutes Market: Regional Life Cycle Analysis

3. Global Meat Substitutes Market: Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Future Prospects
3.3. Competitive Landscape: Market Positioning of Key Players
3.4. Attractive Investment Proposition, by Geography
3.5. Porter’s Analysis
3.5.1. Supplier Power
3.5.2. Buyer Power
3.5.3. Threat of Substitutes
3.5.4. Threat of New Entrants
3.5.5. Industry Rivalry
3.6. Value Chain Analysis

4. Global Meat Substitutes Market Size (US$ Mn), by Type, 2016 -2025
4.1. Overview
4.1.1. Market Share Analysis, by Type, 2016 vs. 2025 (Value, %)
4.1.2. Attractive Investment Proposition, by Type
4.2. Textured vegetable protein (TVP)
4.3. Quorn
4.4. Pea protein
4.5. Tofu
4.6. Tempeh
4.7. Seitan
4.8. Other meat substitutes

5. Global Meat Substitutes Market Size (US$ Mn), by Source, 2016 -2025
5.1. Overview
5.1.1. Market Share Analysis, by Source, 2016 vs. 2025 (Value, %)
5.1.2. Attractive Investment Proposition, by Source
5.2. Soy-Based Meat Substitutes
5.3. Wheat-Based Meat Substitutes
5.4. Mycoprotein Meat Substitutes
5.5. Other Sources of Meat Substitutes

6. Global Meat Substitutes Market Size (US$ Mn), by Geography, 2016 -2025
6.1. Overview
6.1.1. Market Share Analysis, by Geography, 2015 vs. 2025
6.2. North America
6.2.1. North America Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.2.2. North America Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.2.3. North America Meat Substitutes Market Size (US$ Mn), by Country, 2016 - 2025
6.2.3.1. U.S.
6.2.3.1.1. U.S. Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.2.3.1.2. U.S. Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.2.3.2. Canada
6.2.3.2.1. Canada Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.2.3.2.2. Canada Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3. Europe
6.3.1. Europe Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.2. Europe Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3. Europe Meat Substitutes Market Size (US$ Mn), by Region, 2016 - 2025
6.3.3.1. Germany
6.3.3.1.1. Germany Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.1.2. Germany Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3.2. France
6.3.3.2.1. France Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.2.2. France Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3.3. U.K.
6.3.3.3.1. U.K. Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.3.2. U.K. Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3.4. Spain
6.3.3.4.1. Spain Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.4.2. Spain Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3.5. Italy
6.3.3.5.1. Italy Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.6. Italy Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.3.3.7. Rest of Europe
6.3.3.7.1. Rest of Europe Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.7.2. Rest of Europe Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4. Asia Pacific
6.4.1. Asia Pacific Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.2. Asia Pacific Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4.3. Asia Pacific Meat Substitutes Market Size (US$ Mn), by Country, 2016 - 2025
6.4.3.1. China
6.4.3.1.1. China Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.1.2. China Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4.3.2. India
6.4.3.2.1. India Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.2.2. India Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4.3.3. ASEAN
6.4.3.3.1. ASEAN Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.3.2. ASEAN Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4.3.4. ANZ
6.4.3.4.1. ANZ Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.4.2. ANZ Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.4.3.5. Rest of Asia Pacific
6.4.3.5.1. Rest of Asia Pacific Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.5.2. Rest of Asia Pacific Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.5. Latin America (LATAM)
6.5.1. Latin America Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.5.2. Latin America Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.5.3. Latin America Meat Substitutes Market Size (US$ Mn), by Country, 2016 - 2025
6.5.3.1. Brazil
6.5.3.1.1. Brazil Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.1.2. Brazil Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.5.3.2. Mexico
6.5.3.2.1. Mexico Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.2.2. Mexico Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.5.3.3. Rest of Latin America
6.5.3.3.1. Rest of Latin America Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.3.2. Rest of Latin America Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.6. Middle East and Africa (MEA)
6.6.1. Middle East & Africa Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.6.2. Middle East & Africa Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.6.3. Middle East & Africa Meat Substitutes Market Size (US$ Mn), by Region, 2016 - 2025
6.6.3.1. GCC
6.6.3.1.1. GCC Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.6.3.1.2. GCC Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025
6.6.3.2. Rest of MEA
6.6.3.2.1. Rest of MEA Meat Substitutes Market Size (US$ Mn), by Type, 2016 - 2025
6.6.3.2.2. Rest of MEA Meat Substitutes Market Size (US$ Mn), by Source, 2016 - 2025

7. Profiles
7.1. Competitive Dashboard
7.1.1 Pinnacle Foods
7.1.1.1. Business Description
7.1.1.2. Financial Information (Subject to data availability)
7.1.1.3. Product Portfolio
7.1.1.4. Business Strategy
7.1.2. MGP Ingredients
7.1.3. Monde Nissin
7.1.4. Kellogg Company
7.1.5. Hain Celestial
7.1.6. Beyond Meat
7.1.7. Amy’s Kitchen
7.1.8. Blue Chip Group
7.1.9. Atlantic Natural Foods
7.1.10. Fry Group Foods
7.1.11. Other Notable Players

List Of Table :

TABLE 1 Market Snapshot: Global Meat Substitutes Market Value
TABLE 2 North America Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 3 North America Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 4 North America Meat Substitutes Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 5 U.S. Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 6 U.S. Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 7 Canada Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 8 Canada Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 9 Europe Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 10 Europe Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 11 Europe Meat Substitutes Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 12 Germany Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 13 Germany Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 14 France Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 15 France Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 16 U.K. Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 17 U.K. Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 18 Spain Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 19 Spain Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 20 Italy Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 21 Italy Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 22 Rest of Europe Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 23 Rest of Europe Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 25 Asia Pacific Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 26 Asia Pacific Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 27 Asia Pacific Meat Substitutes Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 28 China Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 29 China Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 30 India Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 31 India Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 32 ASEAN Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 33 ASEAN Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 34 ANZ Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 35 ANZ Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 36 Rest of Asia Pacific Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 37 Rest of Asia Pacific Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 38 Latin America Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 39 Latin America Meat Substitutes Market Value, by Source, 2016-2025 (US$ Bn)
TABLE 40 Latin America Meat Substitutes Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 41 Brazil Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 42 Brazil Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 43 Mexico Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 44 Mexico Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 45 Rest of Latin America Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 46 Rest of Latin America Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 47 Middle East & Africa Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 48 Middle East & Africa Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 49 Middle East and Africa Meat Substitutes Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 50 GCC Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 51 GCC Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 52 Rest of Middle East Meat Substitutes Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 53 Rest of Middle East & Africa Meat Substitutes Market Value, by Source, 2016-2025 (US$ Mn)
TABLE 54 Pinnacle Foods: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 55 MGP Ingredients: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 56 Monde Nissin: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 57 Kellogg Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 58 Hain Celestial: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 59 Beyond Meat: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 60 Amy’s Kitchen: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 61 Blue Chip Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 62 Atlantic Natural Foods: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 63 Fry Group Foods: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)

 

List Of Figures :

FIG. 1 Global Meat Substitutes Market: Research Methodology
FIG. 2 Global Meat Substitutes Market Value (US$ Mn), by Type, 2016
FIG. 3 Global Meat Substitutes Market Value (US$ Mn), by Source, 2016
FIG. 4 Global Meat Substitutes Market Value (US$ Mn), by Geography, 2016
FIG. 5 Attractive Market Opportunities in the Meat Substitutes Market
FIG. 6 Global Meat Substitutes Market: Developed vs. Developing Economy
FIG. 7 Global Meat Substitutes Market: Asia Pacific Market Analysis
FIG. 8 Global Meat Substitutes Market: Regional Life Cycle Analysis
FIG. 9 Attractive Investment Proposition, by Geography
FIG. 10 Key Positioning of Market Players
FIG. 11 Porter's Analysis
FIG. 12 Value Chain Analysis
FIG. 13 Global Meat Substitutes Market Value Share, by Type, 2016 & 2025 (% Value)
FIG. 14 Global Meat Substitutes Market Value, by Textured vegetable protein, 2016 – 2025 (US$ Mn)
FIG. 15 Global Meat Substitutes Market Value, by Quorn, 2016 – 2025 (US$ Mn)
FIG. 16 Global Meat Substitutes Market Value, by Pea Protein, 2016 – 2025 (US$ Mn)
FIG. 17 Global Meat Substitutes Market Value, by Tofu, 2016 – 2025 (US$ Mn)
FIG. 18 Global Meat Substitutes Market Value, by Tempeh, 2016 – 2025 (US$ Mn)
FIG. 19 Global Meat Substitutes Market Value, by Seitan, 2016 – 2025 (US$ Mn)
FIG. 20 Global Meat Substitutes Market Value, by Others, 2016 – 2025 (US$ Mn)
FIG. 21 Global Meat Substitutes Market Value Share, by Sources, 2016 & 2025 (% Value)
FIG. 22 Global Meat Substitutes Market Value, by Soy-based meat substitutes, 2016 – 2025 (US$ Mn)
FIG. 23 Global Meat Substitutes Market Value, by Wheat-based meat substitutes, 2016 – 2025 (US$ Mn)
FIG. 24 Global Meat Substitutes Market Value, by Mycoprotein meat substitutes, 2016 – 2025 (US$ Mn)
FIG. 25 Global Meat Substitutes Market Value, by Others, 2016 – 2025 (US$ Mn)
FIG. 26 Global Meat Substitutes Market Value Share, by Geography, 2016 & 2025 (Value %)

For the purpose of this study, the global meat substitutes market by type is categorized into:

  • Textured vegetable protein
  • Quorn
  • Seitan
  • Tofu
  • Pea protein
  • Tempeh
  • Other meat substitutes

Textured vegetable protein is estimated to account for approximately 40% of the meat substitutes market in 2016, and is expected to maintain its dominance during the forecasted period. Low cost of TVP coupled with availability in different forms is expected to drive the overall market, globally. TVP is officially recognized by the USAID as a product, which can be used as a source of protein in cases of food insecurity. TVP finds its application in production of a wide range of products such as stews, spaghetti, pizza toppings, vegetarian burgers, sausages, meatballs and other types of food.

TVP was followed by tofu and seitan in 2016. Factors such as health benefits, cheaper than meat, environmental benefits and so on is expected to fuel the segment market growth during the forecast period. Tofu is gaining traction around the world owing to its nutritional qualities as high protein and low fat makes it a preferred alternative to meat. Shifting consumer interest towards plant based protein is also a major aspect bolstering the market growth. Other meat substitutes include Quinoa seeds, Lentils, Beans, etc.

Meat Substitutes Market

For the purpose of this study, the global meat substitutes market by source is categorized into:

  • Soy-based meat substitutes
  • Wheat-based meat substitutes
  • Mycoprotein meat substitutes
  • Other sources of meat substitutes

Soy-based meat substitutes accounted for significant market share of the meat substitutes market in 2016 and is expected to maintain its dominance during the forecasted period. Manufacturers are focusing on offering new and innovative alternatives that are sourced from plants, hence fueling demand for meat substitutes. Significant investment in technology, innovation and cropland for plant based meat alternative production is expected to boost the overall market growth, for e.g. AURI.org collaborated with the Minnesota Soybean Research & Promotion Council to develop soybean based product similar to meat and also can be mixed into meat products at various levels. Change in the consumption pattern and lifestyle coupled with increasing demand of high nutrition and healthy food is expected to drive the meat substitutes market, globally.

Soy-based meat substitutes segment was followed by wheat-based meat substitutes in 2016. Wheat gluten is also a rich source of protein and is suitable for production for meat substitutes. Moreover, wheat gluten contain protein is close to the amount of protein that in beef. Thus, gluten-based products are a good alternative to animal proteins. Other sources includes rice-based & milk-based meat substitutes.

Meat Substitutes Market

On the basis of geography, the global meat substitutes market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa

The global market for meat substitutes is dominated by Europe region in terms of value, accounted for approximately 40% of global meat substitutes market, followed by North America and Asia Pacific. Europe meat substitutes demand is mainly driven by increasing number of vegetarians in the U.K. and falling meat consumption in the country. The UK is the leading meat substitute market owing to Europe and in world as well. It is also projected to witness the robust growth during the forecast period. North America is the second largest market owing to presence of large number of flexitarians. Rising prices of meat coupled with population switching to healthy lifestyle leading to increased use of plant proteins in their diets, which in-turn supplementing the growth of meat substitutes in the region. Asia Pacific is projected to grow at a decent rate of 7.7% during the forecast period. Increasing preference of consumers for healthy food, growing economy, rising middle class and increasing purchasing power are some of the factors boosting the growth of Asia Pacific market. China is the fastest growing country in Asia-Pacific and is expected to witness the growth of approximately 8% between 2017 and 2025.

Meat Substitutes Market

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