Meat Substitutes Market Size Worth $4.36 Billion By 2028 | CAGR: 11.8%: Polaris Market Research

News provided by

Apr 08, 2021, 08:30 ET

NEW YORK, April 8, 2021 /PRNewswire/ -- The global meat substitutes market size is expected to reach USD 4.36 billion by 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 11.8% from 2021 – 2028. Growing awareness among people for having healthy food habits and increasing preference for vegetarian food are some of the major factors that contribute to the overall growth of the market. In addition to this, an emerging trend of veganism coupled with a favorable campaign for animal welfare is further propelling the demand for meat substitute products. Moreover, the rise in investments by market participants for bringing innovation in product offerings is also turning in the favor of the market.

Request for a sample report : https://www.polarismarketresearch.com/industry-analysis/meat-substitutes-market/request-for-sample

Key Highlights of Meat Substitutes Market

Based on type, the concentrates segment is anticipated to exhibit the fastest growth rate over the forecast period. Concentrates when added to a product, it offers low levels of calories and high protein level. It is also used to improve the texture of the products and comes in a more refined form.
In terms of form, the solid segment accounted for the largest revenue share and is expected to grow at a higher rate over the forecast period. The segment's growth is attributed to increased preference for solid content by food manufacturers due to its ability to preserve the flavor for a longer time.
The COVID-19 pandemic has made a positive impact on the meat substitutes market. Increasing efforts to ensure food hygiene with clean eating and the rising trend of GMO-free eating are projected to create a positive environment for the market. Increasing use of an online medium to order food at consumer's home convenience also favors the market growth.

Get Full Research Summary on "Meat Substitutes Market" : https://www.polarismarketresearch.com/industry-analysis/meat-substitutes-market

Region Insights:

Asia Pacific's regional market is benefited from the growing awareness among people regarding healthy dietary habits. In addition to this, public-private organization's effort to spread awareness about environmental safety and increasing availability of variety in products contributes to the regional market growth. In North America, the market is expected to witness substantial growth owing to decreasing rate of consumption among the regional population. Furthermore, the rapid development of the retail sector as well as reliable online retail portals for proper distribution of meat substitute products also fueling the market growth in the region.

Competitive Landscape:

A continuous shift in consumer food preferences is making manufacturers come up with better products. Market players are involved in numerous activities such as acquisitions, partnerships, and mergers to expand their business. Leading players present in the meat substitutes market include Axiom Foods, MGP Ingredients, Cargill, Dupont, Marlow Foods Ltd., Amys Kitchen Inc., Quorn Foods, Crespel & Deiters, Sonic Biochem Extractions Limited, Vbites Food, Ltd., Sotexpro S.A, Archer Daniels Midland Company, Emsland Group, Conagra Brands Inc., Beyond Meat Inc., and Wilmar International Limited.

Target Audience

Supply Side: Food Processing Company, Food Corporation
Demand Side: Food Consumer
Regulatory Side: Food and Drug Administration

Have Any Query Or Specific Requirement? Feel Free to Ask Our Industry Experts at: https://www.polarismarketresearch.com/industry-analysis/meat-substitutes-market/speak-to-analyst

Polaris Market Research has segmented the Meat Substitutes market report on the basis of product, type, source, form, distribution channel, and region:

Meat Substitutes Product Outlook (Revenue, USD Million, 2016 – 2028)

Shelf-Stable
Refrigerated
Frozen

Meat Substitutes Type Outlook (Revenue, USD Million, 2016 – 2028)

Seitan-based
Tofu-based
Textured Vegetable Protein
Quorn-based
Tempeh-based
Others

Meat Substitutes Source Outlook (Revenue, USD Million, 2016 – 2028)

Wheat-based
Soy-based
Mycoprotein
Pea-based
Others

Meat Substitutes Form Outlook (Revenue, USD Million, 2016 – 2028)

Solid
Liquid

Meat Substitutes Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

Large Supermarkets
Grocery and Departmental Stores
Specialty Retail Stores
Online Sales
Others

Meat Substitutes Regional Outlook (Revenue, USD Million, 2016 – 2028)

North America

U.S.
Canada

Europe

Germany
UK
France
Italy
Spain
Netherlands
Austria

Asia Pacific

China
India
Japan
South Korea
Indonesia
Malaysia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

Saudi Arabia
South Africa
Israel
UAE

List of Key Players of Meat Substitutes Industry

Axiom Foods
Crespel & Deiters
MGP Ingredients
Cargill, Inc.
DuPont
Marlow Foods Ltd.
Amys Kitchen Inc.
Quorn Foods
Sonic Biochem Extractions Limited
Vbites Food Ltd.

*Note: Additional companies can be included on request

Find more research reports on Food and Beverages Industry by PMR

Plant-Based Meat Market Share, Size, Trends, Industry Analysis Report, By Source (Soy, Wheat, Pea, and Others); By Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Others); By Application (Retail Outlets, Foodservice, E-commerce), By Regions; Segment Forecast, 2020 –2027

Healthy Snacks Market [By Product Type (Dried Fruit Snacks, Meat Snacks, Cereal and Granola Bars, Nuts and Seeds Snacks, Others); By Distribution Channel (Offline, Online); By Regions]: Market size & Forecast, 2017 – 2026

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:

Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-917-985-9017
Email: [email protected]
Web: https://www.polarismarketresearch.com/
Follow US: LinkedIn | twitter