Meat Substitutes Market Value Share, Supply Demand, share and Value Chain 2015-2025: FMI
Owing to the health benefits associated with meat substitutes, consumer inclination towards these products is increasing across the globe. The consumption of meat substitutes is beneficial for health due the high protein content it. Increasing health awareness among consumers coupled with changing the preferences towards vegetarian diet are expected to fuel the growth of the meat substitutes market during the forecasted period. Soy is the key raw material used for meat substitutes and is expected to contribute maximum revenue in the coming four to five years. Various companies are investing heavily in R&D activities to launch superior products and also expanding their product portfolio in order to cater to the evolving demand for meat substitutes especially from emerging countries. Companies operating in meat substitutes market are primarily involved in partnerships and collaborations in order to strengthen their product portfolio.
Owing to the health benefits associated with meat substitutes, consumer inclination towards these products is increasing across the globe. The consumption of meat substitutes is beneficial for health due the high protein content it. Increasing health awareness among consumers coupled with changing the preferences towards vegetarian diet are expected to fuel the growth of the meat substitutes market during the forecasted period. Soy is the key raw material used for meat substitutes and is expected to contribute maximum revenue in the coming four to five years. Various companies are investing heavily in R&D activities to launch superior products and also expanding their product portfolio in order to cater to the evolving demand for meat substitutes especially from emerging countries. Companies operating in meat substitutes market are primarily involved in partnerships and collaborations in order to strengthen their product portfolio.
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Global <strong>Meat</strong><br />
<strong>Substitutes</strong> <strong>Market</strong><br />
Future <strong>Market</strong> Insights<br />
<strong>Share</strong>, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong><br />
Forecast,<br />
<strong>2015</strong><br />
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Report Description<br />
Owing to the health benefits associated with meat substitutes, consumer inclination<br />
towards these products is increasing across the globe. The consumption of meat<br />
substitutes is beneficial for health due the high protein content it. Increasing health<br />
awareness among consumers coupled with changing the preferences towards vegetarian<br />
diet are expected to fuel the growth of the meat substitutes market during the forecasted<br />
period. Soy is the key raw material used for meat substitutes <strong>and</strong> is expected to<br />
contribute maximum revenue in the coming four to five years. Various companies are<br />
investing heavily in R&D activities to launch superior products <strong>and</strong> also exp<strong>and</strong>ing their<br />
product portfolio in order to cater to the evolving dem<strong>and</strong> for meat substitutes especially<br />
from emerging countries. Companies operating in meat substitutes market are primarily<br />
involved in partnerships <strong>and</strong> collaborations in order to strengthen their product portfolio.<br />
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<strong>Meat</strong> <strong>Substitutes</strong> <strong>Market</strong> Segmentation<br />
Apart from regions, the global meat substitutes market segmentation is done on the basis<br />
of product type <strong>and</strong> raw material. Based on the product type segmentation includes<br />
tempeh, textured vegetable protein, tofu, tofu based products, quorn, other soy<br />
products, seitan, <strong>and</strong> others. Of which, textured vegetable protein is expected to be the<br />
dominating segment in terms of revenue <strong>share</strong> over forecasted period, followed by other<br />
meat substitutes. This is attributed to increasing dem<strong>and</strong> for soy-based meat substitutes<br />
among the consumers. Among all the meat substitutes segment seitan is expected to
Report Description<br />
witness highest growth over the forecasted period. On the basis of raw material used<br />
meat substitutes market is segmented into, wheat based, mycoprotein, soy based <strong>and</strong><br />
others. Among all the types of raw material used for meat substitute’s soy is the leading<br />
segment, followed by wheat based over the forecasted period. Wheat based meat<br />
substitutes market is exp<strong>and</strong>ing especially in Asia Pacific due to the rising consumption of<br />
wheat gluten by consumers in Asia Pacific. Global meat substitutes market is segmented<br />
on the basis of region into North America, Latin America, Eastern Europe, Western<br />
Europe, Asia Pacific excluding Japan, Middle East <strong>and</strong> Africa <strong>and</strong> Japan.<br />
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<strong>Meat</strong> <strong>Substitutes</strong> <strong>Market</strong>: Region-wise Outlook<br />
The Global meat substitutes market is expected to witness robust growth over the<br />
forecasted period due to the rising health awareness coupled with increasing outbreak of<br />
animal diseases. Globally, among all regions, Europe is expected to contribute highest<br />
market <strong>share</strong>, followed by North America during the forecasted period. Increasing health<br />
concern of consumers in developed region such as Europe <strong>and</strong> North America is expected<br />
to fuel the growth of the meat substitute market. However Asia Pacific is anticipated to<br />
witness significant growth owing to the rising disposable income of consumers in region<br />
such as India <strong>and</strong> China.
Report Description<br />
<strong>Meat</strong> <strong>Substitutes</strong> <strong>Market</strong>: Drivers<br />
Major factors that fuel the growth of meat substitutes market includes increasing health<br />
awareness among consumers coupled with rising preference for vegetarian diet . Other<br />
factors that are driving the growth of meat substitutes market are outbreak of various<br />
animal diseases <strong>and</strong> changing lifestyle induced diseases namely diabetes <strong>and</strong> obesity<br />
among consumers. Various factors that hinder the growth of meat substitutes market<br />
includes high price associated with meat substitute products <strong>and</strong> also availability of low<br />
quality meat substitute products. However, various government initiatives for increasing<br />
health awareness among consumers is expected to have positive impact on the growth of<br />
meat substitutes market in next five to six years.<br />
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<strong>Meat</strong> <strong>Substitutes</strong> <strong>Market</strong> <strong>Market</strong>: Key Players<br />
Major companies operating in meat substitutes market are <strong>Meat</strong>less B.V., AMY's Kitchen,<br />
Inc., Cauldron Foods ,Beyond <strong>Meat</strong>, Vbites Foods Ltd ,gardein, Quorn Foods Inc. ,Blue<br />
Chip Group Pty Ltd. Prominent players operating in meat substitues market are mainly<br />
adopting strategy to develop new <strong>and</strong> superior products to cater to the evolving <strong>and</strong><br />
unmet need of consumers.
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