DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/grcmmt/meat_substitutes) has announced the addition of the "Meat Substitutes Market - Global Forecast to 2020" report to their offering.
This new report has highlighted how the Meat Substitute Market is being boosted by a number of factors. A growing meat-free products market, an increasing awareness about health and wellness, increasing health concerns for pets and increasing environmental issues are all playing major roles in driving growth in this market.
Consumer's health concerns have led to the popularity of plant-based meat substitutes and vegetarian diets increasing. The meat substitute market is now projected to grow at a CAGR of 6.4% between 2015 and 2020 to reach a value of $5.17 billion.
The report also provides an in-depth look at some of the restrains in the market. The biggest of which is the intense competition due to the presence of a large number of manufacturers, both large and small, operating in the industry with similar products in quality and quantity.
The Asia-Pacific region is projected to be the fastest-growing market during the forecasted period. In terms of types, the tofu & tofu ingredients segment was the largest for meat substitutes whereas in terms of source, soy-based was the largest in 2014.
Companies Mentioned in this Report:
- AMY's Kitchen Inc.
- Beyond Meat
- Garden Protein International Inc.
- MGP Ingredients Inc.
- Meatless B.V.
- Morningstar Farms
- Quorn Foods
- Sonic Biochem Extractions Ltd.
- The Nisshin Ollio Group Ltd.
Vbites Foods Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Meat Substitutes Market, By Type
8 Meat Substitutes Market, By Source
9 Meat Substitutes Market, By Category
10 Meat Substitutes Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/grcmmt/meat_substitutes