This market report defines the market trends and forecast the upcoming opportunities and threats of the meat substitutes market in the next 8 years. Meat substitutes are products, which are similar to actual meat in terms of taste, appearance and flavor. They are also a healthier and nutritional substitute. Meat substitutes are composed of ingredients such as soy, wheat, and others. Tofu is one of the most popular meat substitutes, and widely used as an alternative for pork, chicken, beef, and other meats. Increase in obesity rates and health problems like heart diseases, high blood pressure, diabetes, asthma, and others across the world. These health issues have declined consumption of meat, and promoting substitute meat products, which are high in nutritional value, have similar taste & texture as meat. Health benefits of meat substitutes over meat are a major growth factor among consumers. Other factors driving the market are innovative product launches by players operating in the market and attractive marketing and positioning strategies. However, a variety of low-cholesterol meat products available in the market including lean meats may restrict the growth of the market.
The Global Meat Substitutes Market is expected to reach USD 7.36 billion by 2025, from USD 4.33 billion in 2017, growing at a CAGR of 6.85% during the forecast period of 2018 to 2025.
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Global meat substitutes Market Statistical Overview Report 2019 gives an outstanding tool for market Survey, openings, and vital key and strategic basic leadership. This report perceives that in this quickly advancing and competitive scenario, up-coming data on the basis of meat substitute’s Market research execution and settles on basic choices for development and benefit. It gives data on meat substitutes Market trends and advancements and sheds light on various sectors, limitations and advancements, and on the evolving structure of the market.
Major players/Competitors Profiled in this report are:
Beyond Meat, Archer Daniels Midland Company, gardein™, Quorn Foods, Kellogg Company, The Monday Campaigns, Field Roast, Cauldron Foods Limited, Sweet Earth Foods, VBites Group, MGP Ingredients, Amy’s Kitchen, DuPont, Lightlife Foods, The Kraft Heinz CompanyBlue Chip Group, ADM, NISSIN GROUP, Meatless BV, Impossible Foods, Schouten Europe B.V. (GoodBite), SunFed, Sunfed Meats, and others
Major Market Drivers and Restraints: Global meat substitutes Market
- Technological advancements to develop new product lines.
- Increased preference for vegetarian and vegan foods.
- Health benefits of meat substitutes
- Rising health concerns due to increasing obesity levels.
- Ill effects of consuming meat substitutes.
Global meat substitutes Market Segmentation:
Based on geography,
- North America & South America,
- Asia-Pacific and,
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
Based on category,
- refrigerated and
On the basis of type,
- tofu & tofu ingredients,
- textured vegetable protein,
- other soy products,
- Quorn and other meat substitutes.
The other soy product is further sub segmented into miso, yaso, and nattô.
The other meat substitute is further sub segmented into
- lupine and
- pea protein.
On the basis of source,
- mycoprotein and other sources.
The other sources is further sub segmented into
- and milk
The report offers advice from key industry experts on how these challenges can be overcome. A major chunk of the report talks about the technologies that are and will influence the growth of the meat substitutes Market. Forecasts for these technology sectors are presented in the report. Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the market.
The dominating Factors in the market along with the upcoming technologies that are expected to revolutionize the market are explained in the report.
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