In its latest report on US Meat substitute Market provides a concise analysis on the recent market trends. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
In 2018, the Global Meat substitute Market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
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The rising concerns regarding the animal welfare and the increase in the adverse effects of meat industry on environment are anticipating to augment this growth in the global meat substitute market.
Scope of The Report:
Meat substitute is known also as the meat analog, faux meat, mock meat and vegetarian meat. These resemble the chemical and aesthetic characteristics of meat which include the basic flavor, texture, taste and appearance of meat. A huge part of the meat substitute are soy based and gluten based. The vegetarians are choosing to reduce their consumption of meat for the ethical and health reasons and there are a few people who are sticking to the dietary laws which exist in the religions of Islam, Hinduism and Judaism. A popular and widely used substitute of meat is tofu.
In terms of segmentation, the global US Meat substitute Market has been segmented on the source, type, region and category. In terms of Type, this market has been segmented into the vegetable protein, tofu ingredients, tofu, quorn seitan, soya products, pea-protein, tempeh, lupi, vales and risofu. In terms of source, the global US Meat substitute Market has been categorized into the wheat based, mycoprotein, soy-based and the others. On the basis of category, this market has been divided into the refrigerated and frozen.
Key Players in the US Meat substitute Market Report
The major companies which are involved in the market of global meat substitutes include the Amy’s Kitchen, Ahimsa Food, Meatless B.V., Quorn Foods. There are other players in the market which include the firms like Sonic Biochem, Beyond Meat and Cauldron Foods.
US Meat substitute Market Key Segments:
By Product Type
By Source Type
By Category Type
- Shelf Stable
Awareness About Harmful Effects On Environment Leading To The Growth In The Global Meat Substitute Market
Meat is a big source of cholesterol, protein and the saturated fats. The regular consumption of the meat is a major cause of the cardiovascular diseases, atherosclerosis, obesity, osteoporosis, diabetes and even cancer. The consumers have been inclined towards the health and wellness in the recent times and this has been leading to a major decline in the red meat consumption which is a major source of protein and this is expected for fueling growth in the market. A few of the companies which are meat producing who have been engaged in the products of meat have been entering the market of meat substitute production. The global US Meat substitute Market has been seeing a good amount of growth in the last few years and is expected to further see growth in the next few years. However the ongoing demand for the poultry meat particularly chicken and the fluctuating prices of the raw materials and pose a major challenge before the market of meat substitutes.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
North America Is Expected To Be The Biggest Regional Global Meat Substitute Market
In terms of the region, the market has been segmented into the North America, Latin America, Asia- Pacific, Europe and the region of Middle East and Africa. North America has been known for contributing the largest share of market, as the United States has been dominating the global US Meat substitute Market which has been followed by the regions like Asia Pacific and Europe. Asia-Pacific is going to witness a major growth in the coming years. The countries like China, Japan and India are showing a good amount of growth in the global meat substitutes market. The demand has been growing in the regions of Europe and Asia Pacific for the soy free and gluten free meat. The government of China has been considered to be reducing the consumption to half of meat owing to increased consumption of the meat by people, in close to fifteen years and this is going to growth the market of meat substitutes.
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