Meat Substitutes Market Forecast, 2021-2026

Meat Substitutes Market size is projected to reach $2,651 million by 2026, growing at a CAGR of 5.1% over 2021-2026. Meat substitutes are meat analogues or meat alternatives, such as textured vegetable protein, Mycoprotein, Tofu Ingredients, and soy protein, which have a meat-like look and include nutrients present in meat. Frozen, refrigerated, and shelf-stable foods are examples of these options. Frozen meat substitutes are the most common use. When compared to meat products, meat alternatives are less likely to cause food illness or contamination. Livestock farming is typically viewed as a complicated enterprise including animal waste control and killing. Further, meat alternatives are becoming much more prevalent as a clean eating trend, with customers wanting to know and comprehend what they are consuming. Consumers across the world are looking for commodities with essential components originating from minimally processed foods, while producers are looking for ingredients that offer great performance and applicability, where emerging countries accounting for the majority of the worldwide rise is set to further enhance the overall market demand for meat substitutes market for the period 2021-2026. However, the Meat Substitutes Market is expected to be limited by a lack of understanding about the meat substitutes available on the market. In addition, developing new products that are attractive to the consumer is new challenge in the front of Meat Substitutes Market.

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Meat Substitutes Market Report Coverage

The report: “Meat Substitutes Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Meat Substitutes Market.    

By Product Type: Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn and Others.


By Source: Soy Protein, Wheat Protein, Pea Protein, Almond Protein, Rice Protein and Others. 


By Category: Frozen, Refrigerated, Shelf Stable and Others.


By Form: Solid and Liquid.


By Applications: Hypermarket/Supermarkets, Convenience Stores, Specialty Stores, Online Retail and Others.

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By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)


Key Takeaways

  • In 2020, Europe dominated the Meat Substitutes Market.

  • Growing awareness about the health among people and opting for food products with clean labels and recognizable ingredients are enhancing the growth of the Meat Substitutes Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Meat Substitutes Market report.  

  • Lack of awareness regarding meat alternatives is set to create hurdles for the Meat Substitutes Market. 



  • Meat Substitutes Market Landscape

    Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Meat Substitutes market. In 2020, Meat Substitutes market share is fragmented by the top ten players present in the market. 

    Acquisitions/Product Launches

    • In June 2021, US meat processor Tyson Foods Inc launched its plant-based food in select Asia-Pacific markets starting this month, as it looks to cash in on the burgeoning demand for meat substitutes in the region its rivals have set out to capture.
    "We also publish more than 100 reports every month in “Food and Beverage”, Go through the Domain if there are any other areas for which you would like to get a market research study."
  • The Meat Substitutes market top 10 companies are Wilmar International Limited, CRESPEL & DEITERS, CHS INC., Suedzucker AG, MGP Ingredient INC., Puris, Sonic Biochem Ltd.,


  •  The Top Health Ingredients, The Emsland Group, Cargill, Roquette Frère, Kerry, Ingredion, The Nisshin OilliO Group Ltd, Axiom Foods, Sotexpro S.A, Archer Daniels Midland Company, DuPont Nutrition and Bioscience and others.

"We also publish more than 100 reports every month in “Food and Beverage”, Go through the Domain if there are any other areas for which you would like to get a market research study."

Location: United States

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