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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Meat Substitutes Market Expected to Generate US $6.6 Billion During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

November 19, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 19, 2019--

The “Meat Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the global meat substitutes market to reach a value of US$ 6.6 Billion by 2024, registering a CAGR of around 5% during 2019-2024.

The global meat substitutes market size was valued at US$ 4.8 Billion in 2018. Meat substitutes, or mock meats, are vegetarian food products that have similar taste, appearance and texture to that of poultry, meat and fish products. They are manufactured using grain- and plant-based sources to replicate animal-based protein and calcium, which aid in reducing cholesterol level, preventing menopausal difficulties and other related ailments. Currently, soy, tofu, tempeh, textured vegetable protein (TVP) and seitan are the most common types of meat substitutes available in the market. They are usually processed with various food additives, emulsifiers, coloring and leavening agents to enhance their flavor, texture and shelf-life.

The increasing health awareness, along with a growing preference for vegetarian foods amongst consumers, is one of the key factors driving the growth of the market. Owing to various health benefits, such as reduction of blood sugar levels, meat substitutes are gaining immense popularity across the globe. The emerging trend of veganism and growing awareness regarding the environmental impact of animals farming for meat production is encouraging consumers to incorporate meat substitutes in their daily diet.

The market is further driven by favorable campaigns on animal welfare, which aim at promoting the adoption of all plant foods such as cereals, pulses, vegetables, fruits, nuts, seeds, herbs and spices. Moreover, the development of the organized retail sector and online retail portals for seamless distribution of meat substitute products is also creating a positive outlook for the market.

Key Questions Answered in This Report:

  • How has the global meat substitutes market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global meat substitutes industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the category?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the global meat substitutes industry?
  • What are the key driving factors and challenges in the global meat substitutes industry?
  • What is the structure of the global meat substitutes industry and who are the key players?
  • What is the degree of competition in the global meat substitutes industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Meat Substitutes Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Type

5.4 Market Breakup by Source

5.5 Market Breakup by Category

5.6 Market Breakup by Distribution Channel

5.7 Market Breakup by Region

5.8 Market Forecast

6 Market Breakup by Type

6.1 Tofu & Tofu Ingredients

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Tempeh

6.3 Textured Vegetable Protein (TVP)

6.4 Seitan

6.5 Quorn

6.6 Others

7 Market Breakup by Source

7.1 Soy

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Wheat

7.3 Mycoprotein

7.4 Others

8 Market Breakup by Category

8.1 Frozen

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Refrigerated

8.3 Shelf-Stable

9 Market Breakup by Distribution Channel

9.1 Supermarkets and Hypermarkets

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Health and Food Stores

9.3 Convenience Stores

9.4 Others

10 Market Breakup by Region

10.1 Asia Pacific

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Europe

10.3 North America

10.4 Middle East and Africa

10.5 Latin America

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porter’s Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 The Nisshin Oillio Group

15.3.2 Dupont

15.3.3 Archer Daniels Midland

15.3.4 Amy’s Kitchen

15.3.5 Conagra Brands

15.3.6 Quorn Foods

15.3.7 Cauldron Foods

15.3.8 Campbell Soup Company

15.3.9 VBites

15.3.10 Blue Chip Group

15.3.11 Field Roast

15.3.12 Garden Protein International

15.3.13 LightLife

15.3.14 Sweet Earth Foods

15.3.15 MGP Ingredients

15.3.16 Tofurky

15.3.17 Meatless

15.3.18 Sonic Biochem Limited

For more information about this report visit https://www.researchandmarkets.com/r/k7vck7

View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005589/en/

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SOURCE: Research and Markets

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PUB: 11/19/2019 07:50 AM/DISC: 11/19/2019 07:50 AM