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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.
There are many reasons why people might choose to eat meat substitutes instead of meat. Some people do it for health reasons, as meat substitutes are usually lower in saturated fat and cholesterol than meat. Others do it for environmental reasons, as producing meat requires a lot of resources (such as water and land) and contributes to greenhouse gas emissions. And still, others do it for ethical reasons, as they believe it is wrong to kill animals for food. Whatever the reason, meat substitutes can be a healthy and delicious way to eat less meat.
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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.
Key Market 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.
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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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