#Meat Substitutes Market
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The meat substitutes market was valued at USD 1.89 billion in 2021 and it is expected to grow at a CAGR of 13.5% to reach USD 4.04 billion by 2027.
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Meat substitutes market size was worth US$ 1.6 billion in 2022, and it is estimated to reach US$ 3.5 billion by the end of 2027 with a CAGR 12%
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Meat Substitutes Market - Forecast (2022 - 2027)
Meat Substitutes Market size is projected to reach $2,651 million by 2026, growing at a CAGR of 5.1% over 2021-2026. Meat substitutes are meat analogues or meat alternatives, such as textured vegetable protein, Mycoprotein, Tofu Ingredients, and soy protein, which have a meat-like look and include nutrients present in meat. Frozen, refrigerated, and shelf-stable foods are examples of these options. Frozen meat substitutes are the most common use. When compared to meat products, meat alternatives are less likely to cause food illness or contamination. Livestock farming is typically viewed as a complicated enterprise including animal waste control and killing. Further, meat alternatives are becoming much more prevalent as a clean eating trend, with customers wanting to know and comprehend what they are consuming. Consumers across the world are looking for commodities with essential components originating from minimally processed foods, while producers are looking for ingredients that offer great performance and applicability, where emerging countries accounting for the majority of the worldwide rise is set to further enhance the overall market demand for meat substitutes market for the period 2021-2026. However, the Meat Substitutes Market is expected to be limited by a lack of understanding about the meat substitutes available on the market. In addition, developing new products that are attractive to the consumer is new challenge in the front of Meat Substitutes Market.
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Meat Substitutes Market Report Coverage
The report: “Meat Substitutes Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Meat Substitutes Market.
By Product Type: Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Others.
By Source: Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others.
By Category: Frozen, Refrigerated, Shelf Stable and Others.
By Form: Solid and Liquid.
By Applications: Hypermarket/Supermarkets, Convenience Stores, Specialty Stores, Online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
In 2020, Europe dominated the Meat Substitutes Market.
Growing awareness about the health among people and opting for food products with clean labels and recognizable ingredients are enhancing the growth of the Meat Substitutes Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Meat Substitutes Market report.
Lack of awareness regarding meat alternatives is set to create hurdles for the Meat Substitutes Market.
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Meat Substitutes Market Segment Analysis – By Product Type
The Meat Substitutes Market based on product type can be further segmented into Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Others. The tofu segment is the major segment generating revenue in 2020 as it is available in a variety of forms including marinated strips, shaped masses, slices, and blocks. Also, the growth rate is poised to show upsurge owing to the variation in regional consumption patterns of tofu and tofu-based products. On the other hand, the Textured Vegetable Protein segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. As it is cheaper than actual meat, which is another major factor driving the segment growth. Above all rising cases of lifestyle diseases, such as obesity and diabetes, is anticipated to support the segment growth over the forecast period2021-2026.
Meat Substitutes Market Segment Analysis – By Source
The Meat Substitutes Market based on the source can be further segmented into Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others. The Soy Protein segment registers for the highest Meat Substitutes market share in 2020. This is mainly owing to Soy which is the best-known meat substitute so far. It's a well-known complete protein source that has already been incorporated in a range of foods. It also includes no cholesterol and little or no saturated fat, making it the perfect source of vital fatty acids. On the contrary, the Wheat Protein segment is forecasted to register the fastest CAGR of 6.7% over 2021-2026. This is mainly owing to the fact that it is more prevalent in the Asia Pacific region while soy-based products are more prevalent toward the west. Also, they have a stringy or chewy texture, identical to meat which makes it perfect for meat substitutes.
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Meat Substitutes Market Segment Analysis – By Geography
Europe dominated the Meat Substitutes Market with a major share of 42.6% in 2020. This is owing to the increasing millennial generation in the western globe and is driving a move toward meat alternatives consumption. When making purchase selections, millennials are particularly concerned with knowing the food source, animal welfare concerns, and environmental effect. Apart from this, the increasingly growing health conscious population in the U.K. would largely expand the regional demand. Rising rates of digestive disorders in the U.K. population would also raise demand during the projected period for Meat Substitutes.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 6.05% during the forecast period 2021-2026. The highest CAGR can be attributed to the fact that Asian countries such as Japan, China, India and South Korea are undergoing growth in the sectors of the awareness created through global animal welfare organizations, such as PETA (People for the Ethical Treatment for Animals), people are opting for a meat-free diet as a result of this. Apart from this, rapid growth in urbanization, rising income levels, and growing awareness about the benefits of protein diet in daily nutrition are the drivers for this market.
Meat Substitutes Market Drivers
Increase Global Demand for Meat Substitute in Future
The Meat Substitutes market driver can be attributed to the increase in the number of health-conscious consumers who are now resorting to purchasing food products that offer various meat substitutes nutritional and health benefits. In order to meet such demand, food manufacturers are using innovation that provides a wider choice of products and brands to consumers, and allows meat substitute products to gain improved shelf space and recognition.
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Meat Substitutes Market Challenges
Growing Awareness at a Gradual Pace
The major challenge in the meat substitutes market is that the awareness about the impact of meat on the environment is increasing at a very gradual pace. Even though a lot of health and fitness forums document the benefits of meat substitutes, some of them offer an oppositional reading. So, a fraction of target customers is dithering to opt for meat substitutes. However, the future demand for meat supplements that are part of the challenges in the sustainable development goals (SDGs) of the United Nations is going to bring more prospects in the meat substitutes market.
Meat Substitutes Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Meat Substitutes market. In 2020, Meat Substitutes market share is fragmented by the top ten players present in the market. The Meat Substitutes market top 10 companies are Wilmar International Limited, CRESPEL & DEITERS, CHS INC., Suedzucker AG, MGP Ingredient INC., Puris, Sonic Biochem Ltd., The Top Health Ingredients, The Emsland Group, Cargill, Roquette Frère, Kerry, Ingredion, The Nisshin OilliO Group Ltd, Axiom Foods, Sotexpro S.A, Archer Daniels Midland Company, DuPont Nutrition and Bioscience and others.
Acquisitions/Product Launches
In June 2021, US meat processor Tyson Foods Inc launched its plant-based food in select Asia-Pacific markets starting this month, as it looks to cash in on the burgeoning demand for meat substitutes in the region its rivals have set out to capture.
#meat substitutes market#meat substitutes market size#meat substitutes market share#meat substitutes market forecast#meat substitutes market report
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Meat Substitutes Market - Forecast (2022 - 2027)
Meat Substitutes Market Overview
Meat Substitutes Market size is projected to reach $2,651 million by 2026, growing at a CAGR of 5.1% over 2021-2026. Meat substitutes are meat analogues or meat alternatives, such as textured vegetable protein, Mycoprotein, Tofu Ingredients, and soy protein, which have a meat-like look and include nutrients present in meat. Frozen, refrigerated, and shelf-stable foods are examples of these options. Frozen meat substitutes are the most common use. When compared to meat products, meat alternatives are less likely to cause food illness or contamination. Livestock farming is typically viewed as a complicated enterprise including animal waste control and killing. Further, meat alternatives are becoming much more prevalent as a clean eating trend, with customers wanting to know and comprehend what they are consuming. Consumers across the world are looking for commodities with essential components originating from minimally processed foods, while producers are looking for ingredients that offer great performance and applicability, where emerging countries accounting for the majority of the worldwide rise is set to further enhance the overall market demand for meat substitutes market for the period 2021-2026. However, the Meat Substitutes Market is expected to be limited by a lack of understanding about the meat substitutes available on the market. In addition, developing new products that are attractive to the consumer is new challenge in the front of Meat Substitutes Market.
Meat Substitutes Market Report Coverage
The report : “Meat Substitutes Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Meat Substitutes Market.
By Product Type : Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Others.
By Source : Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others.
By Category : Frozen, Refrigerated, Shelf Stable and Others.
By Form : Solid and Liquid.
By Applications : Hypermarket/Supermarkets, Convenience Stores, Specialty Stores, Online Retail and Others.
By Geography : North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
#Meat Substitutes Market#meat#food#protein#nutrients#supermarket#hypermarkets#food business#market research
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The Rise of Meat Substitutes in Middle Eastern Cuisine
In recent years, the Middle East meat substitutes market has experienced significant growth, driven by a combination of health consciousness, environmental awareness, and innovative culinary trends. This shift is reshaping traditional Middle Eastern cuisine, infusing it with plant-based alternatives that cater to diverse dietary preferences without sacrificing flavor or cultural authenticity.
A Culinary Evolution
Middle Eastern cuisine is renowned for its rich flavors, aromatic spices, and hearty dishes. Historically, meat has been a staple ingredient in many iconic dishes such as kebabs, shawarma, and kofta. However, the increasing popularity of meat substitutes is beginning to transform these traditional recipes. Chefs and home cooks alike are experimenting with plant-based proteins to create delicious and sustainable versions of beloved classics.
Drivers of Change
Several factors are propelling the rise of meat substitutes in the Middle East:
Health and Wellness: As awareness about the health impacts of excessive meat consumption grows, more people are seeking healthier alternatives. Meat substitutes often contain less saturated fat and cholesterol, making them an attractive option for health-conscious consumers.
Environmental Concerns: The environmental footprint of meat production is considerable, involving high water usage and greenhouse gas emissions. Many consumers in the Middle East are becoming more environmentally conscious, seeking to reduce their ecological impact by opting for plant-based diets.
Innovative Products: The meat substitutes market has evolved dramatically, offering products that closely mimic the taste and texture of real meat. Innovations in food technology have produced high-quality alternatives, such as soy-based kebabs, pea protein shawarma, and lentil kofta, that are both tasty and satisfying.
Popular Meat Substitutes in Middle Eastern Cuisine
Falafel: Traditionally made from chickpeas or fava beans, falafel is a well-loved meatless option that has always been a part of Middle Eastern cuisine. Its popularity is now soaring as a primary protein source in vegan and vegetarian diets.
Seitan Shawarma: Made from wheat gluten, seitan provides a chewy, meat-like texture that is perfect for replicating the thinly sliced, marinated meat used in shawarma.
Soy Kebabs: Soy protein can be seasoned and shaped into kebabs, offering a convincing alternative to meat while retaining the flavors of traditional spices and marinades.
Lentil Kofta: Lentils are a versatile ingredient that can be spiced and shaped into kofta, offering a nutritious and protein-rich substitute for meatballs.
Market Trends and Future Outlook
The Middle East meat substitutes market is expected to continue its rapid growth, supported by increasing consumer demand and greater availability of plant-based products. Major food producers and startups alike are investing in research and development to create innovative, high-quality meat alternatives tailored to Middle Eastern tastes.
Retailers and restaurants are also playing a crucial role in this transformation. Supermarkets are expanding their plant-based product lines, while restaurants are introducing dedicated vegan and vegetarian menus. This trend is not only catering to the local population but also appealing to the growing number of tourists and expatriates who seek plant-based dining options.
Conclusion
The rise of meat substitutes in Middle Eastern cuisine represents a significant culinary shift, driven by health, environmental, and technological factors. As the Middle East meat substitutes market continues to expand, traditional dishes are being reimagined in exciting new ways, preserving their rich heritage while embracing the benefits of plant-based eating. This evolution is not only enhancing dietary diversity but also contributing to a more sustainable and health-conscious food culture in the region.
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Exploring the Future: Analysis of Japan's Meat Substitutes Market
Embark on a journey through the evolving landscape of Japan's meat substitutes market, where innovation meets culinary tradition. As custodians of strategic insights, we delve into the intricacies of this dynamic market, offering invaluable perspectives for businesses seeking to navigate the burgeoning world of plant-based alternatives.
Market Overview
Japan's meat substitutes market embodies a fusion of tradition, health consciousness, and culinary creativity. With a rich culinary heritage and a growing awareness of sustainability and animal welfare, consumers in Japan are increasingly embracing plant-based alternatives to meat. From tofu and tempeh to seitan and soy-based products, the market offers a diverse array of options to cater to the evolving tastes and preferences of consumers.
For more insights on Japan meat substitutes market forecast, download a free report sample
Key Market Trends
1. Health and Wellness
Amidst growing health concerns, there is a rising demand for healthier, plant-based alternatives to meat in Japan. Consumers are seeking products that offer lower cholesterol, reduced fat content, and higher nutritional value compared to traditional meat products. This trend reflects a broader shift towards healthier eating habits and a desire for cleaner, more natural ingredients.
2. Sustainability and Environmental Awareness
As awareness of environmental issues grows, sustainability has become a key consideration for consumers in Japan. Plant-based meat substitutes are perceived as more environmentally friendly alternatives to animal-based products, as they require fewer natural resources and produce fewer greenhouse gas emissions. As such, there is a growing preference for plant-based options among environmentally conscious consumers.
3. Culinary Innovation
Japan's rich culinary tradition and culture of culinary innovation have contributed to the development of unique and flavorful meat substitutes. From traditional Japanese ingredients like konjac and shiitake mushrooms to innovative plant-based proteins, manufacturers are continually exploring new flavors, textures, and cooking techniques to recreate the sensory experience of meat. This culinary creativity drives consumer interest and expands the market for meat substitutes in Japan.
Market Segmentation
1. Soy-based Products
Soy-based products form a significant segment of Japan's meat substitutes market, owing to the popularity of soy as a traditional protein source in Japanese cuisine. Tofu, tempeh, and soy-based meat analogs offer versatile alternatives to meat, providing consumers with options for stir-fries, soups, and grilled dishes. With advancements in processing techniques, soy-based products continue to evolve in flavor and texture, appealing to a broader audience of consumers.
2. Seitan and Wheat-based Products
Seitan, also known as wheat gluten, is a popular meat substitute in Japan, prized for its meat-like texture and versatility in cooking. Made from wheat protein, seitan can be seasoned, marinated, and cooked in various ways to mimic the taste and texture of meat. Seitan-based products such as burgers, sausages, and nuggets offer satisfying alternatives to traditional meat dishes, appealing to both vegetarians and meat-eaters alike.
3. Vegetable-based Products
Vegetable-based meat substitutes, such as products made from mushrooms, legumes, and vegetables, cater to consumers seeking natural and minimally processed options. Mushrooms, in particular, are favored for their umami-rich flavor and meaty texture, making them ideal candidates for plant-based meat alternatives. Manufacturers leverage a variety of vegetables and plant proteins to create innovative products that cater to diverse dietary preferences and culinary traditions.
Competitive Landscape
The meat substitutes market in Japan is characterized by a diverse mix of domestic and international players, each vying for market share in this rapidly growing segment. Established brands leverage their expertise and brand recognition to introduce innovative products and capture consumer interest. Meanwhile, emerging startups and niche players bring fresh perspectives and culinary creativity to the market, driving competition and fueling innovation.
Future Outlook
Looking ahead, the meat substitutes market in Japan is poised for continued growth and innovation, driven by changing consumer preferences, culinary trends, and sustainability imperatives. As consumers increasingly prioritize health, sustainability, and culinary diversity, the demand for plant-based alternatives to meat is expected to rise. By embracing innovation, culinary creativity, and consumer-centricity, businesses can seize opportunities and contribute to the advancement of Japan's meat substitutes market.
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India Meat Substitutes Market Analysis, Forecast 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Meat Substitutes Market size by value at USD 41.52 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Meat Substitutes Market size to expand at a CAGR of 7.87% reaching a value of USD 56.75 million by 2030. Meat Substitutes Market in India is propelled by the increasing adoption of plant-based innovative food products. In a predominantly vegetarian market, religious beliefs significantly influence the preference for vegetarian over meat products in India. The COVID-19 pandemic has further intensified this inclination towards vegetarian and vegan choices, especially among traditional meat consumers, fostering a heightened interest in plant-based meat alternatives. The market expansion is fueled by the growing appeal of healthier, sustainable, and cruelty-free options, with high-income consumers driving this trend. Ethical consumerism and environmental awareness contribute to the demand for plant-based meat products, while increased consciousness regarding the environmental impact of meat production prompts eco-conscious consumers to limit or avoid meat consumption. Key market players are proactively responding to this shift by introducing a variety of plant-based offerings that replicate taste, texture, and nutritional profiles, reflecting the evolving preferences of Indian consumers. An example is CCL's recent launch of high-protein plant-based meat alternatives, branded as "Continental Greenbird," strategically capitalizing on the evolving mindful eating choices in the market.
By volume, BlueWeave estimated the India Meat Substitutes Market size at 2,721 tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Meat Substitutes Market size by volume is projected to grow at a CAGR of 6.75% reaching the volume of 3,933 tons by 2030.
Impact of Escalating Geopolitical Tensions on India Meat Substitutes Market
The India Meat Substitutes Market faces potential challenges due to escalating geopolitical tensions. These tensions may disrupt supply chains, impacting the availability of key ingredients for meat substitutes. Trade restrictions, uncertainties, and geopolitical conflicts can lead to fluctuations in pricing and pose obstacles to the smooth operation of the market. Additionally, geopolitical tensions may influence consumer behavior, affecting purchasing patterns and preferences. As the market relies on stability and accessibility, any disturbances in the geopolitical landscape could have adverse effects on the overall growth and dynamics of the India Meat Substitutes Market. Continuous monitoring and strategic adaptation are essential for mitigating potential risks in this volatile environment.
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India Meat Substitutes Market
Segmental Information
India Meat Substitutes Market – By Source
Based on source, the India Meat Substitutes Market is bifurcated into Plant-based and Lab-grown segments. The plant-based segment holds a higher share in the India Meat Substitutes Market by source. It is primarily driven by a substantial vegetarian population and a growing preference for healthier food choices. Despite the relatively recent introduction of plant-based meats in the country, consumers display a remarkable openness to this innovative category. This receptiveness has attracted both domestic and international manufacturers, recognizing consumers' willingness to pay a premium for high-value plant-based alternatives. Collaborations between Indian firms and global food processors have further fueled the industry's growth, leading to the development of innovative meat substitutes derived from diverse plant-based ingredients. This thriving sector presents promising opportunities for the US exporters in both consumer-oriented products and raw materials, aligning with the evolving tastes of the Indian market.
Competitive Landscape
The India Meat Substitutes Market is fragmented, with numerous players serving the market. The key players dominating the India Meat Substitutes Market include Blue Tribe Foods, Imagine Meats, Beyond Meat, Tata Consumer Products, CCL Products, GREENEST, ITC Limited, Veggie Champ, Vezlay Foods Pvt Ltd, Ahimsa Food, Shaka Harry, BVeg Foods, and GoodDot. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
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