Meat Substitutes Market by Type, Source, Category, and Region - Global Trends & Forecast to 2022

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Open date: 10/03/2017 - 06:56 | Last update date: 10/03/2017 - 07:13 | Publication page

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Overview

 

Meat Substitutes Market - Global Trends & Forecast to 2022

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Objectives of the study include:

 

    • To define, segment, and project the global market size for meat substitutes on the basis of source, type, category, and region
    • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
    • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
    • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of market leaders
    • To project the size of the market and its submarkets, in terms of value, with respect to four regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
    • To strategically profile key players and comprehensively analyze their core competencies
    • To analyze competitive developments such as mergers & acquisitions, new product developments, and expansions in the meat substitutes market

     

    Target Audience:

    • Government and research organizations
    • Meat substitutes associations and industrial bodies
    • Raw material suppliers and distributors
    • Meat substitutes traders, distributors, and dealers
    • Meat substitutes manufacturers
    • Research and consulting firms

     

    “The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

     

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    Scope of the Report:

    This research report categorizes the meat substitutes market on the basis of source, type, category, and region.

     

    Based on Source, the market has been segmented as follows:

    • Soy-based meat substitutes
    • Wheat-based meat substitutes
    • Mycoprotein meat substitutes
    • Others (rice-based & milk-based meat substitutes)

     

    Based on Type, the market has been segmented as follows:

    • Tofu & tofu ingredients
    • Tempeh
    • Textured vegetable protein (TVP)
    • Other soy products (risofu and vales)
    • Seitan
    • Quorn
    • Others (pea protein isolate and lupines)

     

    Based on Category, the market has been segmented as follows:

    • Frozen meat substitutes
    • Refrigerated meat substitutes

     

    Based on Region, the market has been segmented as follows:

    • North America
    • Europe
    • Asia-Pacific
    • RoW (Brazil, Argentina, and South Africa)

     

    The meat substitutes market is projected to reach USD 5.96 Billion by 2022, at a CAGR of 6.6% from 2016. Meat substitutes have a significant impact on the food industry as ingredients in convenience food, ready-to-cook foods, and ready-to-eat foods among others; this has led to their high demand across the globe. The growth in demand for plant-based and healthy sources of protein and nutrients is the main driving factor of this market.

     

    The meat substitutes market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Increase in disposable incomes, growth in demand from developing, populous countries such as China, Japan, South Korea, and India, and the shift in dietary preferences towards healthy and nutritious food increases the demand for non-animal sourced protein rich food products,  which in turn drives the growth of the Asia-Pacific meat substitutes market.

     

     

    Key players

    • Archer Daniels Midland Company (ADM) (U.S.)
    • E. I. du Pont de Nemours and Company (U.S.)
    • Garden Protein International Inc. (Canada)
    • Amy’s Kitchen Inc. (U.S.)
    • Morningstar Farms LLC. (U.S.)
    • Quorn Foods, Inc

     

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Publication basic info

    Geographical availability: World
    Languages: English

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