DUBLIN, September 24, 2021 / PRNewswire / – The “Global Meat Substitutes Market By Source (Soy Protein, Wheat Protein, Pea Protein, and Other Sources), Product (Tofu, Tempeh, Seitan, Quorn, and Other), Type (Textured, Concentrate and Isolates), Form, Category and Region – Forecast to 2027 “has been added to the report ResearchAndMarkets.com offer.

According to the publisher, the market for meat substitutes is estimated at $ 1.9 billion in 2021 and should reach $ 4.0 billion by 2027, registering a CAGR of 13.5%, in value.

The market is primarily driven by such factors as increasing consumer awareness of their health and increasing consumption of plant-based foods.

North America The region accounted for the market share in the meat substitutes market due to increased investment and consumer demand for vegan products in the region. However, one of the restraining factors for the growth of the meat substitutes market is the high production cost of the meat substitutes.

By Product, Tempeh Segment Is Expected To Represent The Second Largest Market Share During The Forecast Period

On the basis of the product, the tempeh segment is expected to represent the second largest market share of the market during the forecast period. Tempeh is a great substitute for ground beef. There are many health benefits offered by tempeh.

For example, it helps to increase antibodies and decrease sugar levels, which reduces the risk of diabetes. It also helps lower cholesterol levels, which helps reduce the risk of heart disease.

By source, the soybean segment is estimated to account for the largest share

The soybean meat substitutes segment dominates the market. Soy protein has been one of the most preferred ingredients for imparting texture to the meat in the final product. Soy is primarily used as a textured protein in the market, rather than as an isolate or concentrate. In addition, it is the cheapest vegetable source available on the world market.

The Asia Pacific region is expected to grow at the highest CAGR during the forecast period

The Asia Pacific region is expected to be the fastest growing market for the period considered for this study. The main growth factors in the Asia Pacific region include the health benefits, animal welfare, environmental safety, affordability of costs, and the growing variety of plant-based meat products.

Increased awareness by global animal welfare organizations, such as People for the Ethical Treatment for Animals (PETA), has led people to consider a meatless diet.

The meat substitutes market is segmented by region, with detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and the hold (Middle East and Africa).

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium information
4.1 Attractive Opportunities in the Meat Substitutes Market
4.2 North America: Meat substitutes market, by type and by country
4.3 Meat Substitutes Market, by Product
4.4 Meat Substitutes Market, by Source and Region
4.5 Meat Substitutes Market, by Type
4.6 Meat Substitutes Market, by Form

5 Market overview
5.1 Presentation
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Growing adoption of plant-based foods
5.2.1.1.1 Increase in the vegan and flexitarian population in the world
5.2.1.1.2 Increase in obesity worldwide
5.2.1.2 Increase investments in protein ingredients of plant origin
5.2.1.3 Growing Tendency for Pea Protein Ingredients
5.2.2 Constraints
5.2.2.1 Rising market for cultured meat and insect protein
5.2.2.2 Allergic Concerns Among Consumers for Soybean and Wheat Products
5.2.3 Opportunities
5.2.3.1 Emerging markets illustrate the great potential of meat substitutes
5.2.3.2 Increase government initiatives
5.2.3.3 Technological advances in extrusion and processing
5.2.4 Challenges
5.2.4.1 Price pressure
5.2.4.2 Perception of taste
5.2.5 COVID-19 impact assessment: (market dynamics)

6 industry trends
6.1 Presentation
6.2 Value chain
6.2.1 Research & Development
6.2.2 Raw material supply
6.2.3 Production and processing
6.2.4 Packaging
6.2.5 Marketing and distribution
6.2.6 End-use industry
6.3 Supply chain analysis
6.4 Technological analysis
6.4.1 Extrusion technology
6.4.2 Extrudable grease technology
6.5 Price Analysis: The Meat Substitutes Market
6.6 Market Map and Ecosystem Meat Substitutes Market
6.6.1 Demand side
6.6.2 Supply side
6.6.3 Ingredients of plant origin: ecosystem view
6.6.4 Meat Substitutes: Market Map
6.7 Trends / disruptions affecting customer activity
6.8 Patent analysis
6.9 Business analysis
6.9.1 Soybeans
6.9.2 Wheat
6.9.3 Peas
6.10 Porter’s five forces analysis
6.11 Case studies
6.12 Regulations

7 Meat substitutes market, by product
7.1 Presentation
7.1.1 Impact of COVID-19 on the Meat Substitutes Market, by Product
7.1.1.1 Optimistic scenario
7.1.1.2 Realistic scenario
7.1.1.3 Pessimistic scenario
7.2 Tofu
7.2.1 Tofu has major application in the production of hamburgers and plant-based patties
7.3 Temp
7.3.1 Increased awareness of the health benefits associated with fermented food products to stimulate demand for tempeh
7.4 Seitan
7.4.1 Dense texture and neutral flavor make seitan a popular meat substitute
7.5 Quorn
7.5.1 Various health and environmental benefits provided by Quorn to stimulate its demand for meat substitutes
7.6 Other products
7.6.1 Various health benefits offered by meat substitutes to stimulate their demand

8 Meat Substitutes Market, by Source
8.1 Presentation
8.1.1 Impact of COVID-19 on the Meat Substitutes Market, by Source
8.1.1.1 Optimistic scenario
8.1.1.2 Realistic scenario
8.1.1.3 Pessimistic scenario
8.2 Soy protein
8.2.1 Soy protein is preferred by manufacturers because it imparts a texture similar to meat substitutes as traditional meat
8.3 Wheat protein
8.3.1 The high availability of wheat as a raw material prompts manufacturers to integrate it into the production of meat substitutes
8.4 Pea protein
8.4.1 Increasing investment by manufacturers to stimulate demand for pea protein
8.5 Other sources
8.5.1 Growing Demand for Plant Protein and Soy Protein Alternatives to Drive Market from Other Sources

9 Meat Substitutes Market, By Type
9.1 Presentation
9.1.1 Impact of COVID-19 on the Meat Substitutes Market, by Type
9.1.1.1 Optimistic scenario
9.1.1.2 Realistic scenario
9.1.1.3 Pessimistic scenario
9.2 Concentrates
9.2.1 Fall in the price of concentrates to stimulate demand on the meat substitutes market
9.3 Isolates
9.3.1 Isolates are the purest form of protein and a type with the highest amount of protein
9.4 Textured
9.4.1 Textured protein to assist high growth due to its similarity to conventional meat in terms of texture

10 Meat Substitutes Market, By Form
10.1 Presentation
10.1.1 Impact of COVID-19 on the Meat Substitutes Market, by Form
10.1.1.1 Optimistic scenario
10.1.1.2 Realistic scenario
10.1.1.3 Pessimistic scenario
10.2 Solid
10.2.1 The solid form of protein is preferred because it is easier to store and handle
10.3 Liquid
10.3.1 The demand for liquid vegetable protein will be low in the future as it is inconvenient for manufacturers

11 Meat substitutes market, by category
11.1 Presentation
11.2 Frozen
11.2.1 Freezing meat substitutes helps preserve their nutritional value
11.3 Refrigerated
11.3.1 Chilled meat substitutes are preferred by consumers because they are fresher than frozen products
11.4 Long shelf life
11.4.1 Long-life meat substitutes are a category explored by various startups

12 Meat substitutes market, by region

13 Competitive landscape
13.1 Overview
13.2 Market Share Analysis, 2020
13.3 Revenue Analysis of Major Players
13.4 Company specific response to COVID-19
13.5 Company assessment quadrant (key players)
13.5.1 Stars
13.5.2 Omnipresent players
13.5.3 Emerging leaders
13.5.4 Participants
13.5.5 Product footprint
13.6 Meat Substitutes Market, Startup / SME Assessment Quadrant, 2020
13.6.1 Progressive companies
13.6.2 Starting blocks
13.6.3 Responsive companies
13.6.4 Dynamic businesses
13.7 Competitive scenario
13.7.1 New product launches
13.7.2 Offers
13.7.3 Expansions and investments

14 company profiles
14.1 Key players
14.1.1 Incorporated Ingredient
14.1.2 SMA
14.1.3 Dupont
14.1.4 Kerry Group
14.1.5 Brotherhood Rocket
14.1.6 The Nisshin Oillio, Ltd. group
14.1.7 Cargill
14.1.8 Baby food
14.1.9 Wilmar International Limited
14.1.10 Crespel & Deiters
14.2 Start-up / SME
14.2.1 Ingredients A&B
14.2.2 All Organic Treasures GmbH
14.2.3 Sonic Biochem Ltd.
14.2.4 Puris
14.2.5 Sotexpro SA
14.2.6 Axiom Foods
14.2.7 The Green Labs SARL
14.2.8 Shandong Jianyuan Group
14.2.9 AND Chem
14.2.10 Benéo
14.3 Long list enterprises

15 adjacent and related markets

16 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/mezzuc

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