HOME Top Market Reports Meat Substitutes Market by Source (Soy, Wheat, Mycoprotein), Type (Tofu, Tofu Based Product, Tempeh, TVP, Seitan, Quorn, Others), Category (Frozen, Refrigerated) & Geography - Global Trends, Forecasts up to 2019

Meat Substitutes Market by Source (Soy, Wheat, Mycoprotein), Type (Tofu, Tofu Based Product, Tempeh, TVP, Seitan, Quorn, Others), Category (Frozen, Refrigerated) & Geography - Global Trends, Forecasts up to 2019

By: marketsandmarkets.com
Publishing Date: June 2014
Report Code: FB 2515

 

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This report analyzes the meat substitutes market by geography, type, source, and category. Geographically, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World. The sources covered in this report include soy, wheat, mycoprotein, and others. Thus, the purpose of substituting meat with its substitutes is the high price of meat. In addition, people are avoiding the meat that is imported from other countries. The types of substitutes considered for the study are tofu, tofu-based products, tempeh, TVP, seitan, Quorn, and others.

The report estimates the global meat substitutesí market size in terms of value. It discusses about the market drivers, restraints, and opportunities. The report also tracks the recent strategic activities of market players, such as product launches, expansion plans, supply contracts, and partnerships and collaborations. Additionally, ten key players of the market have been profiled in this report.

Meat substitutes have gained a significant position in the market of RTE and RTC food. The high-protein contents are fuelling the market in all the regions.

Meat Substitutes Market Share, by Source, 2013

Meat Substitutes Market

Source: MarketsandMarkets Analysis

The meat substitutes market was estimated at $3,185.8 million in 2013. Globalization has led to a change in consumer preferences due to which consumers are now aware of the health benefits of these substitutes. This rise in the consumer awareness has catapulted the demand for these products. Health and wellness trends are the key driving factors that fuel the consumption of meat substitutes. Of late, the number of people who suffer from diabetes and obesity has been increasing globally owing to increased consumption of meat. In such cases, these substitutes come to the rescue and act as a rich source to boost the protein value of the food product. An increase in the demand for soy protein has directly led to a rise in the overall industry demand.

The meat substitutes market is a rewarding market from the manufacturerís point of view. Product innovations are likely to play a key role in increasing the share of the market players. Some of the key players include Quorn Foods Ltd. (U.K.), Blue Chip Group (U.S.), VBites Foods (U.K.), Amyís Kitchen Inc. (U.S.), and Cauldron Foods (U.K.). The top five players mentioned above accounted for about 40% of the market in 2013 by market value. Europe is dominating the market owing mainly to the diverse income level and changing lifestyles in the region. Moreover, high awareness of the type of food to be consumed and their benefits has helped in increasing the penetration of the market in North American nations. The North American market is also growing rapidly due to the rising awareness about these products.

This report highlights the sources, types, and categories of meat substitutes. The report also estimates the market size and the key markets of Europe, APAC, North America, and Rest of the World (RoW). In addition to market forecasts, the report also highlights key opportunity areas for the relevant stakeholders thereby analyzing trends, opportunities, drivers, and inhibitors for the market.

In order to provide a deeper understanding of the competitive landscape, the report profiles ten key players of the meat substitutes market, and provides more than fifty market tables, categorized into type, source, category, and geographic regions.

The report segments the global market into the following three segments:

By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Type:

  • Tofu
  • Tofu-based products
  • Tempeh
  • TVP
  • Other soy products
  • Seitan
  • Quorn
  • Others

By Source:

  • Soy
  • Wheat
  • Mycoprotein
  • Others

By Category:

  • Frozen
  • Refrigerated

Table of Contents
 
1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size Estimation
          1.5.2 Market Crackdown & Data Triangulation
          1.5.3 Assumptions Made for the Report
          1.5.4 Key Data Taken From Secondary Sources
          1.5.5 Key Data Taken From Primary Sources

2 Executive Summary (Page No. - 27)

3 Premium Insights (Page No. - 30)

4 Total Addressable Market (Page No. - 37)
    4.1 Introduction
          4.1.1 Convenience Foods
          4.1.2 Burgers & Pizzas
          4.1.3 Snacks
          4.1.4 Sausages

5 Market Overview (Page No. - 40)
    5.1 Introduction
          5.1.1 Types of Vegetarian Meat Products
                  5.1.1.1 Bacon
                  5.1.1.2 Asian-Style Product
                  5.1.1.3 Chicken Cutlets/Chicken Nuggets and Tenders/Chicken Strips
                  5.1.1.4 Burgers
                  5.1.1.5 Italian-Style Products
    5.2 Market Segmentation
    5.3 Sources of Meat Substitutes
          5.3.1 SOY
          5.3.2 Wheat
          5.3.3 Mycoprotein
          5.3.4 Others
    5.4 Types of Meat Substitutes
          5.4.1 TOFU
          5.4.2 Tempeh
          5.4.3 Textured Vegetable Protein (TVP)
          5.4.4 Seitan
          5.4.5 Quorn
          5.4.6 Others
    5.5 Category

6 Industry Analysis (Page No. - 52)
    6.1 Introduction
    6.2 Market Dynamics
          6.2.1 Drivers
                  6.2.1.1 Increasing Consumer Awareness Raises the Demand for Meat Substitutes
                  6.2.1.2 Rise in the Consumption of Convenience Foods Fuels the Growth of the Meat Substitutes Market
                  6.2.1.3 Female Buyers Influence the Demand for Meat Substitutes
                  6.2.1.4 Increasing Health Concerns for Pets Flourish the Meat Substitutes Market
                  6.2.1.5 Penetration of Modernized Retail Chain Increases Adoption Levels in Emerging Markets
                  6.2.1.6 Horse Meat Scandal
          6.2.2 Restraints
                  6.2.2.1 Increasing Prices of Meat Substitutes May Dampen the Demand
                  6.2.2.2 SOY Allergy
                  6.2.2.3 Gluten Intolerance: Celiac Disease
          6.2.3 Impact Analysis of Drivers & Restraints
          6.2.4 Opportunities
                  6.2.4.1 Exploring Technological Advancements to Develop New Product Lines
                  6.2.4.2 the Asia-Pacific Market Provides Great Potential for Meat Substitutes
    6.3 Burning Issues
          6.3.1 Health Effects of SOY Proteins
    6.4 Porterís Five Forces Analysis
          6.4.1 Intensity of Competitive Rivalry
          6.4.2 Bargaining Power of Suppliers
          6.4.3 Bargaining Power of Buyers
          6.4.4 Threat of Substitute Products
          6.4.5 Threat of New Entrants
    6.5 Supply Chain Analysis

7 Meat Substitutes Market, By Type (Page No. - 68)
    7.1 Introduction
    7.2 Types of Meat Substitutes
          7.2.1 TOFU
                  7.2.1.1 Consumption of TOFU Reduces the Risk of Cancer
                  7.2.1.2 Types of TOFU
                            7.2.1.2.1 Regular TOFU
                            7.2.1.2.2 Silken TOFU
                            7.2.1.2.3 Kori TOFU
                            7.2.1.2.4 Deep-Fried TOFU
                            7.2.1.2.5 Fermented TOFU
                  7.2.1.3 Rise in the Disposable Income of Middle Class People Leads to High Growth in the Asia-Pacific Region
          7.2.2 Tempeh
                  7.2.2.1 Antioxidant & Anti-Inflammatory Properties Protect Blood Vessels From Damage
          7.2.3 Textured Vegetable Protein (TVP)
                  7.2.3.1 Regular Intake of TVP Reduces the Risk of Breast Cancer
          7.2.4 Seitan
                  7.2.4.1 Low Fat Content in Seitan Reduces the Risk of Heart Diseases
          7.2.5 Quorn
                  7.2.5.1 Consumption of Quorn Helpful in Weight Loss
          7.2.6 Other SOY Proteins
                  7.2.6.1 MISO
                  7.2.6.1.1 Isoflavone Genistein in MISO Reduces the Risk of Certain Cancers
          7.2.7 Types of MISO
          7.2.8 Others
                  7.2.8.1 Risofu
                  7.2.8.2 Valess

8 Meat Substitutes Market, By Source (Page No. - 91)
    8.1 Introduction
    8.2 Key Meat Substitute Sources
          8.2.1 SOY
                  8.2.1.1 Rise in the Price of Raw Material Leads to High Price of End Product
                  8.2.1.2 Increase in the Application of SOY Proteins As Functional Ingredients
          8.2.2 Wheat
                  8.2.2.1 U.S. & U.K.: Top Wheat Exporting Countries
          8.2.3 Key Features
                  8.2.3.1 End-Use Application of Wheat Gluten for Convenience Food Fuels the Demand
          8.2.4 Mycoprotein
                  8.2.4.1 Improved Levels of Satiety
    8.3 Others
          8.3.1 Rice-Based Meat Substitutes
                  8.3.1.1 Rice-Based Meat Substitutes Reduce the Risk of Heart Disease
          8.3.2 Milk-Based Meat Substitutes
                  8.3.2.1 Low Fat and Carbohydrate Content Helps to Reduce Serum Cholesterol Levels

9 Meat Substitutes Market, By Category (Page No. - 103)
    9.1 Introduction
    9.2 Frozen Meat Substitutes
          9.2.1 Key Features
                  9.2.1.1 Penetration of Urbanized Retail Chain Increases Adoption Levels
    9.3 Refrigerated Meat Substitutes
          9.3.1 Key Features
                  9.3.1.1 Rise in Consumption of Convenience Food

10 Meat Substitutes Market, By Geography (Page No. - 107)
    10.1 Introduction
          10.1.1 Drivers
                  10.1.1.1 High Disposable Income of Consumers in the Asia-Pacific Region Drives the Market
                  10.1.1.2 Rise in Demand for High-Protein Foods
                  10.1.1.3 High Price of Raw Material May Be A Constraint
    10.2 North America
          10.2.1 Drivers
                  10.2.1.1 Health Concerns Linked to Meat Consumption Drive the North American Meat Substitutes Market
          10.2.2 U.S.
                  10.2.2.1 Reduction in Consumption of Saturated Fat Has Led to the Increase in Meat Substitutes Market
          10.2.3 Canada
                  10.2.3.1 Health Benefits of Meat Substitutes Fuel Growth
          10.2.4 Mexico
    10.3 Europe
          10.3.1 Drivers
                  10.3.1.1 Higher Degree of Convenience Drives the Market
                  10.3.1.2 Rising Health Awareness Spurs Demand for Meat Alternatives
          10.3.2 Germany
                  10.3.2.1 Changing Lifestyle of Germans Advances Growth
          10.3.3 U.K.
                  10.3.3.1 Rising Number of Semi-Vegetarians Increases Demand for Meat Alternatives
          10.3.4 Spain
          10.3.5 Holland
          10.3.6 Others
    10.4 Asia-Pacific
          10.4.1 Driver
                  10.4.1.1 Popularity of Non-Meat Based Meals Stimulates Growth
          10.4.2 India
                  10.4.2.1 Biggest Non-Meat Eating Community Makes India the Fastest-Growing Market
          10.4.3 China
                  10.4.3.1 Influence of Western Culture Promotes Market Growth
          10.4.4 Others
                  10.4.4.1 Bse Scandal in Japan
    10.5 ROW
          10.5.1 Drivers
                  10.5.1.1 Rising Production of Sources of Meat Alternatives
          10.5.2 Brazil
                  10.5.2.1 Large Scale SOY Production
          10.5.3 Argentina
                  10.5.3.1 Large Share of SOY-Based Products in Frozen Food Market
          10.5.4 Others
                  10.5.4.1 Fraudulent Practices Detected in South African Meat Products
    10.6 Major Countries

11 Competitive Landscape (Page No. - 153)
    11.1 Introduction
          11.1.1 New Product Launch Is the Most Preferred Strategy

12 Company Profile (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* (Page No. - 156)
    12.1 AMYís Kitchen Inc.
    12.2 Beyond Meat
    12.3 Blue Chip Group
    12.4 Cauldron Foods, U.K.
    12.5 Garden Protein International Inc.
    12.6 Quorn Foods
    12.7 Meatless B.V.
    12.8 MGP Ingredients Inc.
    12.9 Morningstar Farms
    12.1 Vbites Foods Ltd.

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


List of Tables (66 Tables)

Table 1 Meat Substitutes Market Estimation
Table 2 Meat Substitutes Addressable Market, 2013-2018 ($Billion)
Table 3 Impact Analysis of Opportunities
Table 4 Porterís Five Forces Analysis for the Meat Substitutes Industry
Table 5 Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 6 TOFU Market Size, By Geography, 2012-2019 ($Million)
Table 7 TOFU-Based Products Market Size, By Geography, 2012-2019 ($Million)
Table 8 Tempeh Market Size, By Geography, 2012-2019 ($Million)
Table 9 TVP Market Size, By Geography, 2012-2019 ($Million)
Table 10 Seitan Market Size, By Geography, 2012-2019 ($Million)
Table 11 Quorn Market Size, By Geography, 2012-2019 ($Million)
Table 12 Other SOY Types Market Size, By Geography, 2012-2019 ($Million)
Table 13 Others Market Size, By Geography, 2012-2019 ($Million)
Table 14 Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 15 SOY Meat Substitutes Market Size, By Geography, 2012-2019 ($Million)
Table 16 Wheat-Based Meat Substitutes Market Size, By Geography, 2012-2019 ($Million)
Table 17 Mycoprotein Meat Substitutes Market Size, By Geography, 2012-2019 ($Million)
Table 18 Other Meat Substitutes Market Size, By Geography, 2012-2019 ($Million)
Table 19 Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 20 Meat Substitutes Market Size, By Geography, 2012-2019 ($Million)
Table 21 North America: Meat Substitutes Market Size, By Country, 2012-2019 ($Million)
Table 22 North America: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 23 North America: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 24 North America: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 25 U.S.: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 26 U.S.: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 27 U.S.:Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 28 Europe: Meat Substitutes Market Size, By Country, 2012-2019 ($Million)
Table 29 Europe: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 30 Europe: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 31 Europe: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 32 U.K.: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 33 U.K.: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 34 U.K.: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 35 Asia-Pacific: Meat Substitutes Market Size, By Country, 2012-2019 ($Million)
Table 36 Asia-Pacific: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 37 Asia-Pacific: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 38 Asia-Pacific: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 39 China: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 40 China: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 41 China: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 42 ROW: Meat Substitutes Market Size, By Country, 2012-2019 ($Million)
Table 43 ROW: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 44 ROW: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 45 ROW: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 46 Brazil: Meat Substitutes Market Size, By Type, 2012-2019 ($Million)
Table 47 Brazil: Meat Substitutes Market Size, By Source, 2012-2019 ($Million)
Table 48 Brazil: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 49 Major Countries: Meat Substitutes Market Size, 2012-2019 ($Million)
Table 50 Major Countries: TOFU Market Size, 2012-2019 ($Million)
Table 51 Major Countries: TOFU-Based Products Market Size, 2012-2019 ($Million)
Table 52 Major Countries: TVP Market Size, 2012-2019 ($Million)
Table 53 Major Countries: Seitan Market Size, 2012-2019 ($Million)
Table 54 Major Countries: SOY Meat Substitutes Market Size, 2012-2019 ($Million)
Table 55 Major Countries: Wheat-Based Meat Substitutes Market Size, 2012-2019 ($Million)
Table 56 Major Countries: Meat Substitutes Market Size, By Category, 2012-2019 ($Million)
Table 57 Major Countries: Frozen Meat Substitutes Market Size, 2012-2019 ($Million)
Table 58 AMYís Kitchen: Products & their Descriptions
Table 59 Beyond Meat: Products & their Descriptions
Table 60 Blue Chip Group: Products & their Descriptions
Table 61 Cauldron Foods: Products & their Descriptions
Table 62 Garden Protein International Inc.: Products & their Descriptions
Table 63 Marlow Foods Ltd: Products & their Descriptions
Table 64 Meatless: Products & their Descriptions
Table 65 MGP Ingredients: Products & their Descriptions
Table 66 Morningstar Farms: Categories & Products
Table 67 Vbites Foods: Products & Their Descriptions

List of Figures (19 Figures)

Figure 1 Research Methodology
Figure 2 Meat Substitutes: Market Size Estimation Methodology
Figure 1 Meat Substitutes Market Share, By Type, 2013 ($Million)
Figure 2 Meat Substitutes Market Share, By Type & Region, 2013 ($Million)
Figure 3 Meat Substitutes Market Size, By Geography, 2013-2019 ($Million)
Figure 4 Meat Substitutes Market Size, By Source, 2014 VS. 2019 ($Million)
Figure 5 Meat Substitutes Market Share (Value), By Category, 2014 VS. 2019
Figure 6 Meat Substitutes Market Size, By Type, 2014 VS. 2019 ($Million)
Figure 7 Major Countriesí Market Size, By Type, 2013 ($Million)
Figure 8 Meat Substitutes Market Segmentation
Figure 9 Evolution of Meat Substitutes
Figure 10 Meat Substitutes Market Size, By Source & Type, 2013 ($Million)
Figure 11 Types of Meat Substitutes
Figure 12 Impact Analysis: Drivers & Restraints
Figure 13 TOFU: Production Process
Figure 14 Tempeh: Production Process
Figure 15 TVP: Production Process
Figure 16 Quorn: Production Process
Figure 17 MISO: Production Process
Figure 18 Meat Substitutes Market Share, By Source, 2013 ($Million)
Figure 19 Meat Substitutes Market, By Growth Strategy, 2009-2014

The meat substitutes market has been growing at a steady rate since the last few years. The consumersí awareness in Europe is fuelling the market in the region. This is seen not only because of the growing number of vegetarians, but majorly because the meat consuming customers want to reduce meat consumption. The nutritional value provided by meat can be replaced by meat alternatives, wherein the alternatives also provide similar taste as well. The market is not only growing in Europe and U.S., but it is also finding its roots developing countries such as China, India, and Brazil.

The demand for safe human food has received considerable attention of meat substitutes. Due to large investment in research and development by big companies, a large difference can be seen in the growth of this niche market. The market is expected to grow at a CAGR of 6.4% from 2014 to 2019.

Meat Substitutes Market Share, by Type, 2013

Meat Substitutes Market

Source: MarketsandMarkets Analysis

Tofu, tofu-based products, tempeh, and TVP are the meat common types of substitutes made from soy. TVP dominated the market amongst all the soy-based products. Quorn is growing at the highest CAGR from 2014 to 2019, owing mainly to the high demand of the product in European countries. By geography, Europe dominated the meat substitutes market, followed by North America.

Europe is a major consumer in the global market, with a share of over 40% in 2012, owing mainly to the rising vegetarian population in the region. Thus, the consumption of meat substitutes in the region is quite high. Further, the consumer awareness on the meat imported from other countries and health awareness among consumers are major drivers for the industry in thIS region.

Some of the major players in the global meat substitutes market are Quorn Foods Ltd. (U.K.), Blue Chip Group (U.S.), Vbites Foods (U.K.), Amyís Kitchen Inc. (U.S.), and Cauldron Foods (U.K.). These companies provide an extensive range of products, with similar taste and textures as that of meat.

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