Meat Substitutes Market size is projected to reach $2,651 million by 2026, growing at a CAGR of 5.1% over 2021-2026. Meat substitutes are meat analogues or meat alternatives, such as textured vegetable protein, Mycoprotein, Tofu Ingredients, and soy protein, which have a meat-like look and include nutrients present in meat. Frozen, refrigerated, and shelf-stable foods are examples of these options. Frozen meat substitutes are the most common use. When compared to meat products, meat alternatives are less likely to cause food illness or contamination.
Competitive Landscape:
The top 5 players in the Meat Substitutes industry are –
1. Wilmar International Limited
2. CRESPEL & DEITERS
3. CHS INC
4. Kerry
5. DuPont Nutrition
Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=7489
Segmental Analysis:
1. The Meat Substitutes Market based on product type can be further segmented into Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Others.
2. The Meat Substitutes Market based on the source can be further segmented into Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others. The Soy Protein segment registers for the highest Meat Substitutes market share in 2020.
3. Europe dominated the Meat Substitutes Market with a major share of 42.6% in 2020. This is owing to the increasing millennial generation in the western globe and is driving a move toward meat alternatives consumption.
|
Report Coverage |
|
|
Report Attributes |
Details |
|
By Product Type |
Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn |
|
By Source |
Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein
|
|
By Category |
Frozen, Refrigerated, Shelf Stable and Others
|
|
By Geography |
North America, Europe, Asia-Pacific and Rest of World |
Get more detailed information about these segments in the report. Buy it here:
https://www.industryarc.com/reports/request-quote?id=7489
Market Drivers and Challenges:
1.The Meat Substitutes Market based on the source can be further segmented into Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others.
2. Europe dominated the Meat Substitutes Market with a major share of 42.6% in 2020. This is owing to the increasing millennial generation in the western globe and is driving a move toward meat alternatives consumption.
3. Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 6.05% during the forecast period 2021-2026.
Why IndustryARC?
IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.
Email: venkat@industryarc.com
USA: (+1) 614-588-8538, (+1) 815-656-4596
Similar Reports:
A. Soy Protein Market – Forecast(2021 – 2026)
https//www.industryarc.com/Report/7445/soy-protein-market-analysis.html
B. IQF Meat and Poultry Market – Forecast(2021 – 2026)
http://https//www.industryarc.com/Report/16584/iqf-meatpoultry-market.html
Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Report/7489/meat-substitutes-market.html