According to a new market research report published by Global Insight Services ”Meat Substitutes Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A meat substitute is a food product that tastes and looks like meat but is made from plant-based ingredients. The most common meat substitutes are made from soy, but there are also meat substitutes made from wheat, peas, and other plant-based ingredients.
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Key Players
The Meat Substitutes Market includes players such as ADM, Ingredion Incorporated, DuPont, Kerry Group, Roquette Frères, PURIS, Axiom Foods, Sonic Biochem Ltd, Wilmar International Limited and Cargill.
Key Trends
There are three key trends in meat substitutes technology:
- Increased focus on healthy and sustainable alternatives to meat
- Increased interest in plant-based meat substitutes
- Increased availability of meat substitutes
Key Drivers
The key drivers of the meat substitutes market are the rising health consciousness among consumers and the growing awareness of the environmental impact of meat production.
The growing popularity of plant-based diets is also driving the market for meat substitutes.
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Market Segments
The Meat Substitutes Market is segmented by product, source, type, form and region. By product, the market is divided into tofu, tempeh, seitan, quorn and others. Based on source, it is segmented into soy protein, wheat protein, pea protein and others. On the basis of type, it is bifurcated into concentrates, isolates and textured. By form, it is segmented into solid and liquid. Region-wise the market is divided into North America, Europe, Asia Pacific and Rest of the World.
Reasons to buy Meat Substitutes Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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