HOME Top Market Reports Meat Substitutes Market by Type (tofu & tofu ingredients, tempeh, TVP, quorn, other soy products, seitan, & others), Source (soy-based, wheat-based, mycoprotein, & others), Category (frozen & refrigerated), & by Region - Global Forecast to 2020

Meat Substitutes Market by Type (tofu & tofu ingredients, tempeh, TVP, quorn, other soy products, seitan, & others), Source (soy-based, wheat-based, mycoprotein, & others), Category (frozen & refrigerated), & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: August 2015
Report Code: FB 2515

 

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The increasing awareness about health and wellness, the growing meat-free products market, the increasing health concerns for pets, and increasing environmental issues have played a major part in providing the necessary boost to the global meat substitutes market. The market is projected to reach USD 5.17 Billion by 2020 at a CAGR of 6.4% from 2015. The tofu & tofu ingredients segment is the largest market in the meat substitutes industry across the globe.

This report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the last five years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail. Leading players of the market such as Amy’s Kitchen (U.S.), Beyond Meat (U.S.), Sonic Biochem Extractions Limited (India), MGP Ingredients (U.S.), Garden Protein International Inc. (Canada) Quorn Foods (U.K.), Morningstar Farms (U.S.), Vbites Foods Ltd. (U.K.), The Nisshin Ollio Group, Ltd. (Japan), and Meatless B.V. (The Netherlands) have been profiled to provide an insight of the competitive scenario in the meat substitutes market. Strategic expansions and new product launches have been the key strategies adopted by leading companies to bridge the existing gaps in their product offerings, end market requirements, and geographical constraints. Companies have also adopted acquisitions and investments to accommodate the rapidly changing technologies in the application areas and to increase their market share. These strategies have been adopted by leading companies to ensure retention of considerable market share within the meat substitutes market.

The market has been segmented under three heads: type, source, and category. The meat substitutes market, by type, has been segmented into tofu & tofu ingredients, tempeh, TVP, quorn, other soy-products (miso, yaso, and natto), seitan, and others which include lupin, pea-protein, risofu, and valess. The tofu & tofu ingredients segment held around 41% of the market share in 2014. The meat substitutes market, by source, has been segmented into soy-based, wheat-based, mycroprotein, and others (rice and milk-based). The soy-based segment held more than half of the market share in 2014. The meat substitutes market, by category, has been segmented into frozen and refrigerated, where the frozen segment accounted for around 78% of the market share in 2014.

Meat Substitutes Market

Scope of the Report

This research categorizes the global meat substitutes market based on type, source, category, and region.

On the basis of type, the meat substitutes market has been segmented as follows:

  • Tofu & tofu ingredients
  • Tempeh
  • TVP
  • Quorn
  • Other soy-products (miso, yaso, and natto)
  • Seitan
  • Others (lupin, pea-protein, risofu, and valess)

On the basis of source, the meat substitutes market has been segmented as follows:

  • Soy-based
  • Wheat-based
  • Mycroprotein
  • Others (rice & milk- based)

On the basis of category, the meat substitutes market has been segmented as follows:

  • Frozen
  • Refrigerated

On the basis of region, the meat substitutes market has been segmented as follows

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency Considered for the Study
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Population Growth and Diversified Food Demand
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Fluctuations in Raw Material Prices
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in Meat Substitutes Market
    4.2 Meat Substitutes Market, By Type
    4.3 Meat Substitutes Market, By Category
    4.4 North American Meat Substitutes Market
    4.5 Meat Substitutes: Market Shares of Top Countries, 2014
    4.6 Life Cycle Analysis: Asia-Pacific an Attractive Market for Investments

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Source
           5.3.3 By Category
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Health Awareness and Meat Adulteration & Scandals
                    5.4.1.2 Increasing Health Concerns for Pets
                    5.4.1.3 Environmental Issues
                    5.4.1.4 Penetration of Modernized Retail Chain Increases Adoption Levels in Emerging Markets
           5.4.2 Restraints
                    5.4.2.1 Ill-Effects of Meat Substitutes
                    5.4.2.2 Perception of Taste
           5.4.3 Opportunities
                    5.4.3.1 Exploring Technological Advancements to Develop New Product Lines
                    5.4.3.2 The Asia-Pacific Market Provides Great Potential for Meat Substitutes
           5.4.4 Challenges
                    5.4.4.1 Genetically Modified Soybeans
           5.4.5 Burning Issues
                    5.4.5.1 Toxic Tofu in China

6 Industry Trends (Page No. - 54)
    6.1 Introduction
    6.2 Price Analysis
    6.3 Value Chain Analysis
    6.4 Supply Chain Analysis
           6.4.1 Prominent Companies:
           6.4.2 Small & Medium Enterprises:
           6.4.3 End Users (Manufacturers/Consumers):
           6.4.4 Key Influencers
    6.5 Regulatory Environment
    6.6 Export Import Data for Soybean (Raw Material for Meat Substitutes)
    6.7 Porter’s Five Forces Analysis
           6.7.1 Intensity of Competitive Rivalry
           6.7.2 Bargaining Power of Suppliers
           6.7.3 Bargaining Power of Buyers
           6.7.4 Threat of New Entrants
           6.7.5 Threat of Substitutes
    6.8 Strategic Benchmarking
           6.8.1 New Product Launches & Expansions
           6.8.2 Expanding Business Through Acquisitions, Collaborations, Partnerships, and Investments

7 Meat Substitutes Market, By Type (Page No. - 67)
    7.1 Introduction
    7.2 Tofu & Tofu Ingredients
    7.3 Tempeh
    7.4 Textured Vegetable Protein (TVP)
    7.5 Other Soy Products
    7.6 Seitan
    7.7 Quorn
    7.8 Others (By Type Meat Substitutes)

8 Meat Substitutes Market, By Source (Page No. - 78)
    8.1 Introduction
    8.2 Soy-Based Meat Substitutes
    8.3 Wheat-Based Meat Substitutes
    8.4 Mycoprotein Meat Substitutes
    8.5 Others (By Source Meat Substitutes)

9 Meat Substitutes Market, By Category (Page No. - 84)
    9.1 Introduction
    9.2 Frozen Meat Substitutes
    9.3 Refrigerated Meat Substitutes

10 Meat Substitutes Market, By Region (Page No. - 88)
     10.1 Objectives of the Study
     10.2 Market Definition
             10.2.1 Political Factors
             10.2.2 Economic Factors
             10.2.3 Social Factors
             10.2.4 Technological Factors
     10.3 Limitations
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Secondary Data
             10.4.1 Germany
             10.4.2 U.K.
             10.4.3 Spain
             10.4.4 France
             10.4.5 Italy
             10.4.6 The Netherlands
             10.4.7 Rest of Europe
     10.5 Demand-Side Analysis
             10.5.1 China
             10.5.2 India
             10.5.3 Japan
             10.5.4 Indonesia
             10.5.5 Rest of Asia-Pacific
     10.6 Top-Down Approach
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 South Africa
             10.6.4 Turkey
             10.6.5 Others in RoW

11 Competitive Landscape (Page No. - 128)
     11.1 Attractive Opportunities in Meat Substitutes Market
     11.2 Meat Substitutes Market, By Type
     11.3 Meat Substitutes Market, By Category
             11.3.1 New Product Launches
             11.3.2 Expansions
             11.3.3 Acquisitions, Collaborations & Partnerships
             11.3.4 Investments, Divestments & Dissolutions

12 Company Profiles (Page No. - 134)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Market Segmentation
     12.2 By Type
     12.3 By Source
     12.4 By Category
     12.5 Market Dynamics
     12.6 Drivers
     12.7 Increasing Health Awareness and Meat Adulteration & Scandals
     12.8 Increasing Health Concerns for Pets
     12.9 Environmental Issues
     12.10 Penetration of Modernized Retail Chain Increases Adoption Levels in Emerging Markets
     12.11 Restraints

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 160)
     13.1 Opportunities
     13.2 Exploring Technological Advancements to Develop New Product Lines
     13.3 The Asia-Pacific Market Provides Great Potential for Meat Substitutes
             13.3.1 Expansions
             13.3.2 New Product Launches
     13.4 Burning Issues
     13.5 Toxic Tofu in China
     13.6 Industry Trends


List of Tables (75 Tables)

Table 1 Assumptions
Table 2 Population of Meat-Reducers, 2002-2012 (Millions)
Table 3 Soybean Export-Import Data
Table 4 Meat Substitutes Market Size, By Type, 2013-2020 (USD Million)
Table 5 Tofu & Tofu Ingredients Market Size, By Region, 2013-2020 (USD Million)
Table 6 Tempeh Market Size, By Region, 2013-2020 (USD Million)
Table 7 Textured Vegetable Protein (TVP) Market Size, By Region, 2013-2020 (USD Million)
Table 8 Other Soy Products Market Size, By Region, 2013-2020 (USD Million)
Table 9 Seitan Market Size, By Region, 2013-2020 (USD Million)
Table 10 Quorn Market Size, By Region, 2013-2020 (USD Million)
Table 11 Others (Meat Substitutes) Market Size, By Region, 2013-2020 (USD Million)
Table 12 Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 13 Soy-Based Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 14 Wheat-Based Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 15 Mycoprotein Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 16 Other Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 17 Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 18 Frozen Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 19 Refrigerated Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 20 Meat Substitutes Market Size, By Region, 2013-2020 (USD Million)
Table 21 North America: Meat Substitutes Market Size, By Country, 2013-2020 (USD Million)
Table 22 North America: Meat Substitutes Market Size, By Type, 2013-2020 (USD Million)
Table 23 North America: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 24 North America: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 25 U.S.: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 26 U.S.: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 27 Canada: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 28 Canada: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 29 Mexico: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 30 Mexico: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 31 Europe: Meat Substitutes Market Size, By Country, 2013-2020 (USD Million)
Table 32 Europe: Meat Substitutes Market Size, By Type, 2013-2020 (USD Million)
Table 33 Europe: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 34 Europe: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 35 Germany: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 36 Germany: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 37 U.K.: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 38 U.K.: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 39 Spain: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 40 Spain: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 41 France: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 42 France: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 43 Italy: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 44 Italy: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 45 The Netherlands: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 46 The Netherlands: Meat Substitutes Market Category, 2013-2020 (USD Million)
Table 47 Rest of Europe: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 48 Rest of Europe: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 49 Asia-Pacific: Meat Substitutes Market Size, By Country, 2013-2020 (USD Million)
Table 50 Asia-Pacific: Meat Substitutes Market Size, By Type, 2013-2020 (USD Million)
Table 51 Asia-Pacific: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 52 Asia-Pacific: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 53 China: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 54 India: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 55 Japan: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 56 Indonesia: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 57 Rest of Asia-Pacific: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 58 RoW: Meat Substitutes Market Size, By Country, 2013-2020 (USD Million)
Table 59 RoW: Meat Substitutes Market Size, By Type, 2013-2020 (USD Million)
Table 60 RoW: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 61 RoW: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 62 Brazil: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 63 Brazil: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 64 Argentina: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 65 Argentina: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 66 South Africa: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 67 South Africa: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 68 Turkey: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 69 Turkey: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 70 Others in RoW: Meat Substitutes Market Size, By Source, 2013-2020 (USD Million)
Table 71 Others in RoW: Meat Substitutes Market Size, By Category, 2013-2020 (USD Million)
Table 72 New Product Launches, 2011–2015
Table 73 Expansions, 2011–2015
Table 74 Acquisitions, Collaborations & Partnerships, 2011–2015
Table 75 Investments, Divestments, and Dissolutions, 2011–2015


List of Figures (56 Figures)

Figure 1 Meat Substitutes Market Segmentation
Figure 2 Research Design
Figure 3 Population Growth Trend, 1961-2050
Figure 4 Global Average Price of Raw Materials, 2000-2014 (USD/MT)
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Meat Substitutes Market, By Type (2015 vs 2020)
Figure 9 Meat Substitutes Market Size, By Source (2015 vs 2020)
Figure 10 Meat Substitutes Market Size, By Category (2015 vs 2020)
Figure 11 Europe Projected to Be the Largest Meat Substitutes Market, By 2020
Figure 12 Top Five Largest Meat Substitutes Markets, 2014
Figure 13 Asia-Pacific Projected to Be the Fastest-Growing Market By 2020
Figure 14 Attractive Opportunities in Meat Substitutes Market, 2015 vs 2020
Figure 15 Tofu & Tofu Ingredients Projected to Be the Largest Segment Throughout the Forecast Period
Figure 16 Frozen Segment Would Be the Largest Market During the Forecast Period
Figure 17 Soy-Based Segment Accounted for Largest Share in the European Meat Substitutes Market, 2014
Figure 18 U.S. Dominated the Global Meat Substitutes Market, 2014
Figure 19 Asia-Pacific to Provide Immense Opportunities for Meat Substitutes Market Growth
Figure 20 Evolution of the Meat Substitutes Market
Figure 21 Meat Substitutes Market, By Type
Figure 22 Meat Substitutes Market, By Source
Figure 23 Meat Substitutes Market, By Category
Figure 24 Meat Substitutes: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Global Causes of Deaths
Figure 26 Global Per Capita Consumption of Beef, Pork & Red Meat, 2005-2014 (Pounds)
Figure 27 Number of Animal Slaughter in the U.S., 1960-2014 (Billion)
Figure 28 Carbon Equivalence Associated With Various Meat Types
Figure 29 Meat Substitutes: Price Analysis
Figure 30 Meat Substitutes: Value Chain
Figure 31 Meat Substitutes Market: Supply Chain
Figure 32 Porter’s Five Forces Analysis: Meat Substitutes Market
Figure 33 Strategic Benchmarking: Organic Growth Strategies Adopted By Companies to Expand in Meat Substitutes Market
Figure 34 Strategic Benchmarking: Acquisitions, Collaborations, Partnerships, & Investments Adopted By Major Companies
Figure 35 Meat Substitutes Market Size, By Type, 2014: A Snapshot
Figure 36 Meat Substitutes Market Size, By Source, 2014: A Snapshot
Figure 37 Meat Substitutes Market, By Category: A Snapshot
Figure 38 Ready Meals: Average Annual Growth Rate, 2003-2008
Figure 39 Geographic Snapshot (2015-2020): Rapidly Growing Markets are Emerging as New Hot Spots
Figure 40 North American Meat Substitutes Market: A Snapshot
Figure 41 U.S. Projected to Have Largest Share in Global Meat Substitutes Market, 2015-2020
Figure 42 Reasons for Reduction in Meat Consumption in France, 2011
Figure 43 European Meat Substitutes Market: A Snapshot
Figure 44 Asia-Pacific Meat Substitutes Market: A Snapshot
Figure 45 New Product Launches and Expansions Were Preferred By Key Meat Substitutes Companies, January 2011- July 2015
Figure 46 Meat Substitutes Market Share, By Key Player, January 2011 to July 2015
Figure 47 New Product Launches Fueled the Growth & Innovation of Meat Substitutes Between January 2011 and 2014
Figure 48 New Product Launches & Expansions: Key Strategies, 2010-2015
Figure 49 Geographic Presence of Top 5 Market Players
Figure 50 The Nisshin Ollio Group Ltd.: Company Snapshot
Figure 51 The Nisshin Ollio Group Ltd.: SWOT Analysis
Figure 52 Sonic Biochem Extractions Ltd.: SWOT Analysis
Figure 53 MGP Ingredients Inc.: Company Snapshot
Figure 54 MGP Ingredients Inc.: SWOT Analysis
Figure 55 Garden Protein International Inc.: SWOT Analysis
Figure 56 Beyond Meat: SWOT Analysis

Plant-based meat substitutes are used since they replace meat & meat products both in taste and texture. The popularity of vegetarian diets on the global level is also increasing.

Meat substitutes are gaining more significance in the market with a rise in health concerns of consumers, globally. Other important factors that contribute to the success of the meat substitutes market are increase in the adoption rate of vegan & vegetarian diets, increasing health concerns for pets, environmental issues, and the presence of modernized retail chains in emerging markets.

Meat Substitutes Market

The meat substitutes market was valued at USD 3.8 Billion and is projected to grow at a CAGR of 6.4% between 2015 and 2020 to reach a value of USD 5.17 Billion. Europe dominated the market in 2014 and accounted for the largest share in the total meat substitutes market in 2014. The Asia-Pacific region is projected to be the fastest-growing market for the period considered for this study. In terms of types, the tofu & tofu ingredients segment was the largest for meat substitutes whereas in terms of source, soy-based was the largest in 2014. The frozen segment was the largest for meat substitutes in terms of category, in 2014.

The meat substitutes market is characterized by intense competition due to the presence of a large number of both large and small-scale firms. Numerous manufacturers, mainly small-to medium-sized, exist worldwide and have been producing meat substitute products similar in quality and quantity for decades.

Expansions, acquisitions, agreements, and new product launches are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Amy’s Kitchen (U.S.), Beyond Meat (U.S.), Sonic Biochem Extractions Limited (India), MGP Ingredients (U.S.), and Garden Protein International Inc. (Canada).

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