Meat Substitutes Market Size 2021-2030 | Trends, Share, Challenges and Risks Factors Analysis and New Project Launches

In a recent published report, Kenneth Research has updated the market report for Meat Substitutes Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Meat Substitutes Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Meat Substitutes Market was valued at USD 4.40 Billion in the year 2017. Global Meat Substitutes Market is further estimated to grow at a CAGR of 6.3% from 2019 to reach USD 7.08 Billion by the year 2025. Europe region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, India, and China are the major industries in Asia Pacific region and holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years.

The Market is segmented by Product Type, Source, Category, and geography. By product type, it is sub-segmented into Tofu & tofu ingredients, Tempeh, Textured vegetable protein, other soy products, Seitan, Quorn. In the year 2017, textured vegetable protein (TVP)-based meat substitutes occupied the largest Market share as it is the basic element in most of the soy-based meat substitute products.

SWOT Analysis of Meat Substitutes Market:

Health Benefits of Meat Substitutes

Ill Effects of Consuming Meat Substitutes

Large percentage of population across the globe is preferring vegan food that has spurred the demand for meat substitutes

Genetically Modified (GM) Soybeans

Major market players in Meat Substitutes Market are ADM, Dupont, The Nisshin Oillio Group, Sonic Biochem Limited, MGP Ingredients, Garden Protein International, Beyond Meat, Amy’s Kitchen, Quorn Foods, Morningstar Farms, and brief information of 10 companies will be provided in report. To cater to the increasing demand, manufacturers are focusing on investing in research and development to expand their product portfolio by launching different types of meat substitutes with the possible permutations and combinations

Meat Substitutes Market Segmentation:
By Type

*Tofu & tofu ingredients
*Textured vegetable protein
*Other soy products

By Source

By Category

By Region
*North America
o Canada
o Germany
o U.K.
o France
o Italy
o Rest of Europe
o China
o India
o Japan
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa

1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research Key Data from Secondary Research
2.1.2. Primary Research Key Data from Primary Research Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Global Meat Substitutes Industry, By Category
6.1 Frozen
6.2 Refrigerated
6.3 Shelf-stable
7. Global Meat Substitutes Industry, By Type
7.1 Tofu & Tofu Ingredients
7.2 Tempeh
7.3 Textured Vegetable Protein
7.4 Soy Products
7.5 Seitan
7.6 Quorn
7.7 Others
8. Global Meat Substitutes Industry, By Source
8.1 Soy
8.2 Wheat
8.3 Mycoprotein
8.4 Others
9 Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. RoAPAC
9.5. RoW
9.5.1. Latin America Brazil Argentina Rest of Latin America
9.5.2. Middle East and Africa
10. Company Profiles
10.1 ADM
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product Overview
10.1.4 Current Development
10.2 Dupont
10.3 The Nisshin Oillio Group
10.4 Sonic Biochem Limited
10.5 MGP Ingredients
10.6 Garden Protein International
10.7 Beyond Meat
10.8 Amy’s Kitchen
10.9 Quorn Foods
10.10 Morningstar Farms
11. Competitive Analysis
11.1. Introduction
11.2. Industry Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

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