Meat Substitutes Market 2018 - Global Forecast to 2023

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Mar 23, 2018, 05:00 ET

DUBLIN, March 23, 2018 /PRNewswire/ --

The "Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Seitan, and Quorn), Source (Soy, Wheat, and Mycoprotein), Category (Frozen, Refrigerated, and Shelf-Stable), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global meat substitutes market is estimated to be USD 4.63 Billion in 2018 and is projected to grow at a CAGR of 6.8%, to reach USD 6.43 Billion by 2023.

Factors such as public awareness regarding the increase in obesity levels, as a result of high meat consumption, have led to the demand for meat substitutes. Moreover, perceived social and environmental concerns associated with high consumption of meat, such as religious restrictions and carbon footprint of the meat industry, have further led consumers to reduce meat consumption and opt for substitutes.

Europe accounted for the largest share of the meat substitutes market in 2017. This market is driven by the rise in health-conscious consumers due to the growing incidences of diseases and conditions such as diabetes, high-blood pressure, and constipation that has been fueling the market for meat substitutes.

The major restraining factor for the meat substitutes market are some ill-effects caused by the consumption of soy. Intake of some anti-nutritional component such as Kunitz STI trypsin, present in soy can cause health issues, such as soy allergy.

Companies such as ADM (US), DuPont (US), and Quorn Foods (UK) have acquired a leading market position through the provision of a broad product portfolio, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Meat Substitutes Market
4.2 Meat Substitutes Market, By Type
4.3 Meat Substitute Market, By Source
4.4 Asia Pacific Meat Substitutes Market, By Application & Country
4.5 Meat Substitute Market Share, By Category
4.6 Developed vs Emerging Markets for Meat Substitutes, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Health Concerns as A Result of Increasing Obesity Levels Brought on By the Consumption of Meat Product
5.2.1.2 Health Benefits of Meat Substitutes
5.2.1.3 Increased Preference for Vegetarian and Vegan Foods
5.2.2 Restraints
5.2.2.1 Ill Effects of Consuming Meat Substitutes
5.2.3 Opportunities
5.2.3.1 Exploring Technological Advancements to Develop New Product Lines
5.2.3.2 Growth Potential in the Asia Pacific Market
5.2.4 Challenges
5.2.4.1 Perception of Taste
5.2.4.2 Genetically Modified Soybeans
5.3 Supply Chain Analysis
5.4 Regulatory Environment

6 Meat Substitutes Market, By Type
6.1 Introduction
6.2 Tofu & Tofu Ingredients
6.3 Tempeh
6.4 Textured Vegetable Protein (TVP)
6.5 Other Soy Products
6.6 Seitan
6.7 Quorn
6.8 Other Types of Meat Substitutes

7 Meat Substitutes Market, By Source
7.1 Introduction
7.2 Soy
7.3 Wheat
7.4 Mycoprotein
7.5 Other Sources of Meat Substitutes

8 Meat Substitutes Market, By Category
8.1 Introduction
8.2 Frozen
8.3 Refrigerated
8.4 Shelf-Stable

9 Meat Substitutes Market, By Region

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis
10.3 Key Market Strategies
10.4 New Product Launches
10.5 Expansions & Investments
10.6 Acquisitions
10.7 Mergers

11 Company Profiles

ADM
Amy's Kitchen
Beyond Meat
DuPont
Garden Protein International
Meatless
MGP Ingredients
MorningStar Farms
Quorn Foods
Sonic Biochem Limited
The Nisshin Ollio Group
VBites

For more information about this report visit https://www.researchandmarkets.com/research/3glzbh/meat_substitutes?w=5

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SOURCE Research and Markets