DUBLIN--(BUSINESS WIRE)--The "Meat Substitute Market by Product Type, Source, Category - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
The global meat substitute market size was valued at $4,175 million in 2017, and is expected to reach $7,549 million by 2025, registering a CAGR of 7.7% from 2018 to 2025. Europe dominated the global meat substitute market in 2017, accounting for 38.5% of the total revenue.
The meat substitute market by product type comprises products prepared from tofu, tempeh, textured vegetable protein, seitan, quorn, and other plant-based sources. Textured vegetable protein (TVP)-based meat substitutes occupied the largest market share of 35.8% in 2017 as it is the basic ingredient in most of the soy-based meat substitute products. In terms of growth, Seitan-based meat substitutes are projected to exhibit an impressive CAGR of 9.4%, owing to increase in adoption in the food service industry.
Various categories of meat substitutes marketed by players include frozen, refrigerated, and shelf-stable products. Frozen meat substitutes occupied a prominent market share of 77.2% in 2017, followed by refrigerated and shelf stable meat substitute products. The shelf stable category is anticipated to exhibit the fastest CAGR of 9.1% from 2018 to 2025.
The key players profiled in the report are Amys Kitchen Inc., Beyond Meat, Cauldron Foods, Garden Protein International, Inc., Meatless B.V., Quorn Foods, Vbites Food, Ltd., Morningstar Farms, MGP Ingredients Inc., and Sonic Biochem Extractions Limited.
Other prominent players in the meat substitute industry are ADM, Dupont, The Nisshin Oillio Group, Meatless, Vbites, Schouten Europe, Memphis Meats, Alpha Foods, Corbion Biotech, Inc., and Famleigh Inc.
- In terms of value, the quorn-based segment is expected to grow at a CAGR of 8.5% during the forecast period.
- Europe is expected to dominate the market, registering a CAGR of 7.3% in terms of value.
- Asia-Pacific is projected to exponential growth in demand throughout 2025, growing at the highest CAGR 9.4%, in terms of value.
- Soy-based segment is anticipated to dominate the global meat substitute market registering CAGR of 7.2%.
- In the global meat substitute market, the shelf stable segment is expected to grow at a CAGR of 9.1%, in terms of value.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Meat Substitute Market, by Product Type
Chapter 5: Meat Substitute Market, by Source
Chapter 6: Meat Substitute Market, by Category
Chapter 7: Meat Substitute Market, by Region
Chapter 8: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ks358w/the_global_meat?w=4