Meat substitutes are also called as meat analog, mock meat, and faux meat, which has chemical characteristics such as high-moisture extrusion and qualities such as texture, flavor of specific type of meat. Changing consumer preferences towards consumption of healthy diet is driving growth of the meat substitute market.
However, negative effects of the meat substitutes such vomiting, nausea, and diarrhea are hampering the market growth. Furthermore, according to European federation of food science and technology annual conference, water and energy are not used efficiently during the production of meat analogues this is leading to restraining the growth of meat substitute market.
North America is also expected to exhibit positive growth in the meat substitute market over the forecast period. Key factors such as bulk availability of raw materials, increasing population, and high consumption of non-meat products are creating immense opportunities for growth of the market.
Asia pacific held significant market share in the global meat substitute market owing to rising consumer awareness about health benefits of the meat substitutes in the region. Meat substitutes offer health benefits such as it lowers the cholesterol level, boosts heart health, and stronger bones.
Key features of the study:
- This report provides in-depth analysis of meat substitute market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players It profiles leading players in the global meat substitute market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans Key companies covered as a part of this study includes DowDuPont Inc., Archer Daniels Midland Company, Amy’s Kitchen Inc., MGP Ingredients, Inc., Beyond Meat Inc., Sonic Biochem Extractions Ltd., VBites Foods Limited, The Nisshin OilliO Group, Ltd. Garden Protein International, MorningStar Farms, and Meatless BV. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics The global meat substitute market report caters to various stakeholders in this industry including investors, suppliers, meat substitute manufacturers, distributors, new entrants, and financial analysts. Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global meat substitute market