The global meat
substitutes market is foreseen to grow at 12.8%, from USD 2.12 Billion in 2021
to USD 5.56 Billion in 2029. Health benefits associated with
probiotic-fortified foods, increasing popularity of probiotic dietary
supplements, Participation of international bodies in R&D of probiotic
products are the factors driving the growth of the global Meat Substitutes
Market. However, International quality standards and regulations for probiotic
products, High R&D costs for developing new probiotic strains is
anticipated to restraint the market growth for the estimated period.
Market Definition
What is Meat Substitutes?
A meat
substitute or meat alternative is a food that may have a taste, texture, or
appearance similar to meat but does not contain meat. People eat meat
substitutes for a variety of reasons. Some people choose not to eat meat at all
for ethical reasons or due to other personal beliefs.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Meat Substitutes future
markets are analyzed to understand their impact on demand for the forecast
period. Growth rates have been estimated using correlation, regression and
time-series analysis.
Market Overview
Meat
Substitutes Market report also provide a thorough understanding of the
cutting-edge competitive analysis of the emerging market trends along with the
drivers, restraints, challenges, and opportunities in the Meat Substitutes
Market to offer worthwhile insights and current scenario for making right
decision. The report covers the prominent players in the market with detailed
SWOT analysis, financial overview, and key developments of the
products/services from the past three years. Moreover, the report also offers a
360º outlook of the market through the competitive landscape of the global
industry player and helps the companies to garner Meat Substitutes Market
revenue by understanding the strategic growth approaches.
Meat Substitutes
Market study by “Zettabyte Analytics” provides details about the market
dynamics affecting the market, Market scope, Market segmentation and overlays
shadow upon the leading market players highlighting the favorable competitive
landscape and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Meat Substitutes Market is segmented on the basis of
product type, source, form, type, distribution channel and region:
Product Type
|
Quorn
|
Seitan
|
Tempeh
|
Tofu
|
Other Types (Risofu, Valess,
and lupine)
|
|
|
Source
|
Pea Protein
|
Soy Protein
|
Wheat Protein
|
Other Sources
|
|
|
Form Type
|
Solid
|
Liquid
|
|
|
Type
|
Concentrates
|
Isolates
|
Textured
|
|
|
Distribution
Channel
|
Mass Merchandisers
|
Online Retail
|
Specialty Stores
|
Other Distribution
Channels
|
Product Type Outlook:
On the basis of
Product Type, the market is segmented into Quorn, Seitan, Tempeh, Tofu, Other
Product Types.
Figure 1 - Meat Substitutes Market, By Product
Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)