Redefining Protein: Trends and Forecast in the Global Meat Substitutes Industry (2024-2030)


Posted February 26, 2024 by sswadekar

The Meat Substitutes Market size was valued at USD 2.24 Billion in 2023 and the total Meat Substitutes revenue is expected to grow at a CAGR of 13.5% from 2024 to 2030, reaching nearly USD 5.44 Billion by 2030.

 
Meat Substitutes Market Overview

The Meat Substitutes Market research is based on forecasts from Meat Substitutes key com Meat Substitutes itors and market statistics. It includes sales growth figures at the global, regional, and national levels, as well as a com Meat Substitutes itive landscape for the forecast period and individual company valuations. The report also provides a current and estimated Meat Substitutes market size and share, along with the factors influencing the growth of the market. This makes it a valuable resource for investors who are considering investing in the market.

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Meat Substitutes Market Development and Estimation

The Meat Substitutes Market size was valued at USD 2.24 Billion in 2023 and the total Meat Substitutes revenue is expected to grow at a CAGR of 13.5% from 2024 to 2030, reaching nearly USD 5.44 Billion by 2030.

Meat Substitutes Market Segmentation :

Bean curd, or soybean curd, is another name for the Tofu product category. Soymilk that has been curdled is a beverage created from cooked soybeans that has iron in it. Tofu has been a mainstay of Asian cuisines for many years. A vegan diet must contain enough amounts of iron, potassium, protein, calcium, and vitamin 12, all of which tofu offers in large amounts. It is a highly nutritious food. Tofu is utilised in many different Chinese dishes and recipes, such as stir-fried dishes and broths. Because of its ability to be altered into any texture and shape, it now accounts for a sizable portion of all vegan food produced.

According to Source, one of the cereal grains that is consumed worldwide most frequently is wheat. In response to the increasing popularity of low-fat diets, producers of high-protein and low-fat meals prefer wheat protein. Additionally, it's a binder ingredient in vegetable burgers, meatloaf, and meatballs. Wheat proteins are inexpensive, versatile, and can be flavoured with paprika, ginger, garlic, soy sauce, and fennel. They can be used in burger patties, sausages, and nuggets. Around the world, a number of companies that produce plant-based proteins are actively producing a variety of plant proteins for use in food and beverages. For those without dietary allergies, wheat offers fibre, vitamins, minerals, and antioxidants.

Table of content for the Meat Substitutes Market includes:

Part 01: Executive Summary

Part 02: Scope of the Meat Substitutes Market Report

Part 03: Global Meat Substitutes Market Landscape

Part 04: Global Meat Substitutes Market Sizing

Part 05: Global Meat Substitutes Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Meat Substitutes Market Key Players

North America:
1. DuPont (US)
2. ADM (US)
3. Kerry Group (Ireland)
4. Ingredion Incorporated (US)
5. PURIS (US)
6. Cargill (US)
7. Axiom Foods (US)
8. A&B Ingredients (Canada)
9. Batory Foods (US)
10. The Green Labs LLC (US)
Europe:
1. Roquette Frères (France).
2. Crespel&Deiters (Germany)
3. Sotexpro S.A (France)
4. All Organic Treasures GMBH (Germany)
5. Beneo (Germany)
Asia Pacific:
1. Wilmar International Limited (Singapore)
2. Sonic Biochem Ltd (India)
3. The Nisshin OilliO Group, Ltd (Japan)
4. Shandong Jianyuan Group (China)
5. ET Chem (China)

Meat Substitutes Market Report Scope and Research Methodology

MMR's Meat Substitutes market report provides a detailed analysis of the market segments and sub-segments, which helps clients understand the market structure and make informed investment decisions. The report was created using extensive primary research to gather information and verify the key findings of the Meat Substitutes market research and calculations. This includes market statistics, market size estimates, market forecasts, market segmentation, and data triangulation. Secondary data was also collected from the company's annual reports, articles, paid and free databases, and other sources. The bottom-up approach was used to estimate the regional and global Meat Substitutes market size. The report also includes a region-wise analysis of Meat Substitutes market size and dynamics. The SWOT analysis in the report presents the strengths, weaknesses, opportunities, and threats of key players in the Meat Substitutes industry.

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Meat Substitutes Market Regional Insights

The Regional Analysis in the report helps to understand the Meat Substitutes market in various countries. The report includes a detailed analysis of all the factors including drivers, restraints, opportunities and challenges in all the regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Key questions answered in the Meat Substitutes Market are:

What was the Meat Substitutes market size in 2022?
What is the expected Meat Substitutes market size by 2029?
What are the factors driving the Meat Substitutes Market growth?
What are the factors restraining the Meat Substitutes Market growth?
Which trends are expected to generate additional revenue for the Meat Substitutes market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Meat Substitutes Market?
What growth strategies are the top players considering to increase their presence in the Meat Substitutes Market?
Who held the largest market share in the Meat Substitutes Market?

Key Offerings:

Market Share and Size
Market Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis of segments and sub-segments
Com Meat Substitutes itive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, com Meat Substitutes ition analysis, production and demand analysis, and client impact studies.

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Last Updated February 26, 2024