Austin, TX, USA, April 24, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Meat Substitute Market Size, Trends and Insights By Source (Plant-based Chicken, Plant-based Fish and Plant-based Beef), By Product Type (Patties, Crumbles & Grounds, Hot Dogs, Sausages, Nuggets, Meatballs, and Other Product Types), By Functionality (Weight Management, Immunity Boosting Products, Gut Health/Digestive Health, Clinical Nutrition, and Others), By Product Format (Refrigerated, Frozen, and Shelf-stable), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030” in its research database.
“According to the latest research study, the demand for global Meat Substitute Market size & share was valued at approximately USD 21.86 Billion in 2022 and is expected to reach USD 10.1 billion in 2023 and is expected to reach a value of around USD 233.87 Billion by 2030, at a compound annual growth rate (CAGR) of about 42.1% during the forecast period 2022 to 2030.”
According to expert analysis from CMI, intensive animal husbandry practices have faced criticism for their adverse impact on the environment and animal welfare. As a result, there has been a surge in diets that either limit or exclude animal products, which is expected to drive the growth of the meat substitutes market.
Click Here to Access a Free Sample Report of the Global Meat Substitute Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=23163
The clean eating trend is gaining popularity worldwide as consumers seek transparency in their food choices. Manufacturers are also prioritizing natural, minimally processed ingredients that offer high functionality and performance. In the meat substitute market, plant-based proteins are often combined with fibers, starches, and other natural stabilizers to create multi-functional and natural products that meet the demand for clean labels.
Innovation is driving product development across all segments of the meat substitute market, including chilled, ambient, and frozen products. This has led to increased product choice and brand recognition for consumers. Supermarkets have responded to this trend by providing more shelf space for meat substitutes. Additionally, larger industry players are becoming increasingly aware of small-scale startup brands in the meat substitute market and their potential for innovation and growth.
Unilever’s acquisition of the Netherlands-based meat substitute brand, Vegetarian Butcher, in December 2018 clearly indicates the growth potential of the meat substitute market. As the market continues to expand, manufacturers are incorporating a wider range of ingredients to diversify their product range. These ingredients are chosen for their ability to offer high levels of protein and nutritional value, in line with consumer preferences for healthier and more sustainable food options.
(A free sample of the Meat Substitute report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Meat Substitute report has been modified to include the COVID-19 impact study prior to delivery.)
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COVID-19 Analysis:
Even before the COVID-19 pandemic, plant-based meat had already been gaining popularity among consumers. However, with lockdown measures in place, consumers have been stocking up on both plant-based and conventional meat. The increasing awareness of the benefits of a vegan diet has resulted in new revenue opportunities for companies in the meat alternatives market.
As many countries are easing their lockdown measures, reopening the HoReCa (Hotel, Restaurant, Café) industry is expected to drive the growth of the meat alternatives market. Brands are leveraging mobile shopping apps and eCommerce to expand their revenue streams. Additionally, the outbreak of the coronavirus in meat-packaging plants has further accelerated the demand for plant-based meat and other dietary options.
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Key questions answered in this report:
- What is the Meat Substitute market’s size and its expected growth rate?
- What are the primary driving factors that push the Meat Substitute market forward?
- What are the Meat Substitute Industry’s top companies?
- What are the different categories that the Meat Substitute Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Meat Substitute market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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The Increasing Demand for Plant-Based Ingredients is Playing a Significant Role in the Growth of the Meat Substitute Market.
The meat alternatives market is expanding in response to the growing global population and the increasing interest in vegetarian and vegan diets. As a result, companies are making substitutes for animal protein more widely available. One of the drivers of market growth is the rising demand for plant-based ingredients, which has led to innovations in texturized vegetable protein (TVP). Compared to animal products, TVP is more cost-effective and environmentally friendly.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 10.1 Billion |
| Projected Market Size in 2030 | USD 233.87 Billion |
| Market Size in 2022 | USD 21.86 Billion |
| CAGR Growth Rate | 42.1% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Key Segment | By Source, Product Type, Functionality, Product Format, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI Analysts’ Viewpoint
With the possibility of the next influenza pandemic arising from chicken or pork farming, more consumers are opting for plant-based meat and other dietary options. While conventional meat is high in protein and B12 compared to plant-based meat, there is a growing need for stakeholders in the meat substitute market to partner with farmers who provide value-added food products that are environmentally friendly.
Flaky wheat proteins are a versatile option that can partially or completely replace meat without compromising taste or texture. Textured wheat protein has a neutral taste that eliminates the need to mask flavors, making it a better option than soy protein.
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Browse the full “Meat Substitute Market Size, Trends and Insights By Source (Plant-based Chicken, Plant-based Fish and Plant-based Beef), By Product Type (Patties, Crumbles & Grounds, Hot Dogs, Sausages, Nuggets, Meatballs, and Other Product Types), By Functionality (Weight Management, Immunity Boosting Products, Gut Health/Digestive Health, Clinical Nutrition, and Others), By Product Format (Refrigerated, Frozen, and Shelf-stable), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2030” Report at https://www.custommarketinsights.com/report/meat-substitute-market/
List of the prominent players in the global Meat Substitute Market:
- Amy’s Kitchen
- BeyondMeat
- Cauldron Foods
- Garden Protein International Inc.
- Meatless B.V.
- VBites Foods Ltd.
- MGP Ingredients (U.S.)
- Sonic Biochem Extractions Limited
- Kellogg Company
- Archer-Daniels-Midland Company
- Others
The global Meat Substitute Market is segmented as follows:
By Source
- Plant-based Chicken
- Plant-based Fish
- Plant-based Beef
By Product Type
- Patties
- Crumbles & Grounds
- Hot Dogs
- Sausages
- Nuggets
- Meatballs
- Other Product Types
By Functionality
- Weight Management
- Immunity Boosting Products
- Gut Health/Digestive Health
- Clinical Nutrition
- Others
By Product Format
- Refrigerated
- Frozen
- Shelf-stable
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By Region
North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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Spectacular Deals
- Comprehensive coverage
- Maximum number of market tables and figures
- Subscription-based option offered
- Best price guarantee
- Free 35% or 60 hours of customization.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
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This Meat Substitute Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Meat Substitute? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Meat Substitute Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Meat Substitute Market? What Was the Capacity, Production Value, Cost and PROFIT of the Meat Substitute Market?
- What Is the Current Market Status of the Meat Substitute Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Meat Substitute Market by Considering Applications and Types?
- What Are Projections of the Global Meat Substitute Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Meat Substitute Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Meat Substitute Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Meat Substitute Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Meat Substitute Industry?
Click Here to Access a Free Sample Report of the Global Meat Substitute Market @ https://www.custommarketinsights.com/report/meat-substitute-market/
Reasons to Purchase Meat Substitute Market Report
- Meat Substitute Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Meat Substitute Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Meat Substitute Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Meat Substitute Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Meat Substitute market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Meat Substitute market analysis.
- The competitive environment of current and potential participants in the Meat Substitute market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Meat Substitute market should find this report useful. The research will be useful to all market participants in the Meat Substitute industry.
- Managers in the Meat Substitute sector are interested in publishing up-to-date and projected data about the worldwide Meat Substitute market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Meat Substitute products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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