Global Meat Substitutes Market 2018-2023 - ADM, DuPont, and Quorn Foods are Dominating - ResearchAndMarkets.com

DUBLIN--()--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.

On the basis of category, the frozen meat substitutes accounted for the largest share, followed by the refrigerated meat substitute, in 2017. The frozen meat substitutes market is gaining popularity due to changes in purchasing patterns, with consumers moving from small grocery shops to hyper and supermarkets, especially in emerging economies such as India, China, and Brazil.

Market Dynamics

Drivers

  • Rising Health Concerns as a Result of Increasing Obesity Levels Brought on by the Consumption of Meat Product
  • Health Benefits of Meat Substitutes
  • Increased Preference for Vegetarian and Vegan Foods

Restraints

  • Ill Effects of Consuming Meat Substitutes

Opportunities

  • Exploring Technological Advancements to Develop New Product Lines
  • Growth Potential in the Asia Pacific Market

Challenges

  • Perception of Taste
  • Genetically Modified Soybeans

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Meat Substitutes Market, by Type

7 Meat Substitutes Market, by Source

8 Meat Substitutes Market, by Category

9 Meat Substitutes Market, by Region

10 Competitive Landscape

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/7nzf5f/global_meat?w=4

Contacts

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Related Topics: Health Food and Sports Nutrition

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Health Food and Sports Nutrition