Global Meat Substitute Market size is projected to be valued $7.3 Billion by 2025; with a CAGR of 7.0% from 2017 to 2025. Meat substitutes are products healthful as competed to meat and are consumed by vegan consumers or individual who avoid animal products. It looks like actual meat in terms of flavor, appearance and taste and is the highest quality protein source due to its nutritional characteristics. Some of the meat substitute widely used is tofu, tempeh, seitan, gluten-free, textured vegetable protein, vegan meat, jackfruit, mushrooms, lentils, beans and legumes, among others.
The primary factors driving the growth of the global meat substitute market include growing health concerns about meat consumption coupled with many animal disease outbreaks in the recent past, health advantages of meat substitute, increasing consciousness about the benefits of a vegan diet such as lower heart problems, reduced obesity & diabetes, improved cardiovascular health, and lower cholesterol risk. Though, variety of low-cholesterol meat products accessible in the market with lean meats may restraint the market growth. Yet, high growth potential in the Asia Pacific market would generate profitable opportunities for the global meat substitute market.
The global meat substitute market is classified on the basis of product type, category and geography. By product type, the market is segmented into tofu based, tempeh based, TVP based, seitan based, quorn based, and other product types. Category segment is bifurcated into frozen, refrigerated, and shelf-stable.
Based on geography, global meat substitute market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, Spain, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and Rest of Asia-Pacific. while RoW is bifurcated into South America, Middle East, and Africa.
Key players profiled in the report include Beyond Meat, Marlow Foods Ltd, Boulder Brands USA Inc., Meatless BV, Quorn, Kellogg NA Co., MGP Ingredients, Inc., Sonic Biochem Extractions Ltd., Amy's Kitchen, Inc., and VBites Foods Limited, among others.
The report covers
Scope of the Global Meat Substitute Market
Product Type Segments
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