San Francisco, 11 March,
Meat
Substitutes Market Size, Share & Trends Analysis Report By Product (Tofu,
Seitan, Tempeh, Quorn), By Raw Material (Soy-based, Wheat-based, Mycoprotein),
By Region, And Segment Forecasts, 2012 – 2022.
The global meat
substitutes market size is expected to reach
USD 5.81 billion by 2022, according to a new report by Grand View Research,
Inc. The market is expected to witness a healthy CAGR of 7.5% during the
forecast period. Growing preference for vegan diet coupled with rising health awareness
is expected to fuel market demand in the near future.
Soy-based meat substitutes led
the global market in the past. Wheat-based raw materials are expected to
register the highest CAGR from 2015 to 2022, followed by mycoprotein and
soy-based meat substitutes. Textured Vegetable Protein (TVP) is the most
popular meat substitute, which led the market. However, wheat-based meat
substitutes, such as seitan, are expected to experience the maximum CAGR
through 2022.
Among the multiple
applications, seitan is presumed to witness the fastest growth over the
forecast period. The Asia Pacific and Central & South America regions are
slated to see strong demand over the next seven years. Europe has been the
dominant market for meat substitutes and is presumed to maintain the trend over
the forecast years.
On the other hand, regulations
and directives related to meat substitute composition and specifications are
anticipated to impact the market growth to some extent. Variations and
complexities in the regional rules are presumed to have a negative impact on
the global, as well as regional markets. However, regulations issued by
agencies, such as FDA and FSIS, are anticipated to play a vital role in shaping
the global meat substitutes market over the forecast period.
Access Full Research
Report On Meat Substitutes Market Analysis:
Further key findings from the study suggest:
·
Europe emerged as the largest
market and generated revenue of USD 1.40 billion in 2014. It is anticipated to
expand at a CAGR of 7.5% over the forecast period
·
Wheat-based protein is forecast
to reach USD 308.3 million by 2022 with a CAGR of 9.9% from 2015 to 2022
·
Seitan is anticipated to emerge
as the fastest-growing segment and is likely to register a CAGR of 10.2% over
the forecast years
·
Industry rivalry is bound to
remain medium over the forecast period owing to a handful of market
participants. Some of the market participants are Amy’s Kitchen, Inc.; Beyond
Meat; Vbites Foods Ltd.; Blue Chip Group; MorningStar Farms; Cauldron Foods;
and MGP Ingredients, Inc.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the
global meat substitutes market on the basis of product, raw material, and
region:
Meat Substitutes Raw
Material Outlook (Revenue, USD Million, 2012 - 2022)
·
Soy-based
·
Wheat-based
·
Mycoprotein
·
Others
Meat Substitutes Product
Outlook (Revenue, USD Million, 2012 - 2022)
·
Tofu
·
Tofu-based
·
Tempeh
·
Textured Vegetable Protein
(TVP)
·
Other Soy Products
·
Seitan
·
Quorn
·
Others
Meat Substitutes Regional
Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East and Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-meat-substitutes-market
https://www.grandviewresearch.com/press-release/global-meat-substitutes-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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