HOME Press Releases Meat Substitutes Market worth 5.96 Billion USD by 2022



Meat Substitutes Market worth 5.96 Billion USD by 2022


The report "Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Seitan, Quorn), Source (Soy-based, Wheat-based, Mycoprotein), Category (Frozen, Refrigerated), and Region - Global Forecast to 2022", The meat substitutes market is projected to reach USD 5.96 Billion by 2022, at a CAGR of 6.6% from 2016 to 2022.

            Request Sample     Request Sample

Browse 78 market data tables and 51 figures spread through 165 pages and in-depth TOC on “Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Seitan, Quorn), Source (Soy-based, Wheat-based, Mycoprotein), Category (Frozen, Refrigerated), and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/meat-substitutes-market-979.html
Early buyers will receive 10% customization on reports.

The market is driven by factors such as increasing health awareness among the consumers, meat adulteration, environmental issues, and various health benefits associated with plant-based meat substitutes. High growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.

The soy-based meat substitute segment is projected to be the largest during the forecast period of 2016–2022

Soy-based meat substitute the most widely used meat substitute worldwide. Soy protein is derived from soybeans. The use of this soy protein as a functional ingredient is increasing in the food industry. Soy is used as a source of protein in meat substitutes such as tofu, tempeh, miso, textured vegetable protein (TVP), and other tofu ingredients.

Flavors and spices are typically added to increase the sensory quality of the products. Soy meat substitutes are similar to meat, poultry, or fish products in terms of taste, texture, color, and form. Soy burgers, soy turkey, soy bacon, soy chicken, and soy hot dogs are a few popular food products.

The frozen meat substitutes segment is projected to be the fastest-growing segment in the meat substitutes market

The frozen meat substitutes segment is projected to growing at the highest rate during the forecast period, that is, between 2016 and 2022. Frozen meat substitutes help to maintain the nutritional value of food products and retain the flavor and texture. Also, the frozen meat substitutes market is gaining popularity due to changes in purchasing patterns, coupled with fast life styles and the shift from traditional food to convenience food, from small grocery shops to supermarkets, especially in emerging countries such as BRICS and ASEAN. Consequently, significant growth in the convenience food industry, including ready-to-eat foods and ready-to-cook foods, has fueled the growth of the frozen meat substitutes market, globally.

Significant growth in the meat substitutes market is observed in the Asia-Pacific region

Growth in the middle-class population in the region, with increase in disposable incomes and demand for vegetable and nutrient foods are driving the growth of the meat substitutes market. The per capita consumption of meat substitutes in the Asia-Pacific region is driven by growing economies such as China, India, Australia & New Zealand, Japan, and South Korea. A large number of multinational companies have expanded their footprint in these countries, which has also driven the market for meat substitutes.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as 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.), and Quorn Foods, Inc.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports