Global Market for Meat Substitutes

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Meat Substitutes: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Meat Substitutes estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.

Tofu, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Tempeh segment is readjusted to a revised 6.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $536.4 Million, While China is Forecast to Grow at 5.2% CAGR

The Meat Substitutes market in the U.S. is estimated at US$536.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$497.3 Million by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 8.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Select Competitors (Total 58 Featured) -

• Amy`s Kitchen, Inc.

• Archer Daniels Midland Company

• Beyond Meat

• Dow, Inc.

• DuPont de Nemours, Inc.

• Gardein

• Meatless

• MGP Ingredients, Inc.

• Morningstar Farms L.C

• Quorn Foods

• Sonic Biochem Extraction Pvt., Ltd.

• The Nisshin OilliO Group Ltd.

• VBites Foods Limited

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Meat Substitutes - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Impact of COVID-19 Pandemic and Looming Global Recession

• An Introduction to Meat Substitutes

• Global Market Prospects & Outlook

• Soy-based Ingredients: Largest Segment

• Mass Merchandisers Emerge as a Preferred Distribution Channel

• Developed Regions Lead, Developing Economies to Boost Growth

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Meat Substitutes: Potential as Future of Non-Meat Foods

• Health Benefits to Spur Demand for Meat Analogs

• Market Benefits from the Growing Popularity of Vegan & Flexitarian Diets

• Meat Substitutes: Potential Role in Addressing Global Food Security, Safety and Sustainability

• Rising Demand for Plant-based Meat Products Among Millennials Boosts Market Prospects

• Rising Incidence of Lifestyle Diseases and Chronic Medical Conditions Transform Dietary Preferences in Favor of Meat Substitutes

• Rising Demand for Pea Protein Ingredients

• Soy Protein: An Important Meat Substitute

• Wheat Proteins Emerging as an Important Low-Fat Food

• Growing Demand for Edible Fungus

• Tofu: Widespread Use in Plant-based Burgers & Patties

• Tempeh Market Benefits from Health Benefits of Fermented Foods

• Technological Advancements in Processing and Extrusion Processes to Boost Market

• Challenges Facing Meat Substitutes Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/338eob-substitutes?w=12

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• Global Market for Meat Substitutes

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