Global Meat Substitutes Market Analysis & Forecast Report 2012-2022 By Product (Tofu, Seitan, Tempeh, Quorn) & Raw Material (Soy-based, Wheat-based, Mycoprotein) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Meat Substitutes Market Size, Share & Trends Analysis Report By Product (Tofu, Seitan, Tempeh, Quorn), By Raw Material (Soy-based, Wheat-based, Mycoprotein), By Region, And Segment Forecasts, 2012 - 2022” report has been added to ResearchAndMarkets.com’s offering.
The global meat substitutes market size is expected to reach USD 5.81 billion by 2022.
The market is expected to witness a healthy CAGR of 7.5% during the forecast period. Growing preference for vegan diet coupled with rising health awareness is expected to fuel market demand in the near future.
Soy-based meat substitutes led the global market in the past. Wheat-based raw materials are expected to register the highest CAGR from 2015 to 2022, followed by mycoprotein and soy-based meat substitutes. Textured Vegetable Protein (TVP) is the most popular meat substitute, which led the market. However, wheat-based meat substitutes, such as seitan, are expected to experience the maximum CAGR through 2022.
Among the multiple applications, seitan is presumed to witness the fastest growth over the forecast period. The Asia Pacific and Central & South America regions are slated to see strong demand over the next seven years. Europe has been the dominant market for meat substitutes and is presumed to maintain the trend over the forecast years.
On the other hand, regulations and directives related to meat substitute composition and specifications are anticipated to impact the market growth to some extent. Variations and complexities in the regional rules are presumed to have a negative impact on the global, as well as regional markets. However, regulations issued by agencies, such as FDA and FSIS, are anticipated to play a vital role in shaping the global meat substitutes market over the forecast period.
Industry rivalry is bound to remain medium over the forecast period owing to a handful of market participants. Some of the market participants are Amy’s Kitchen, Inc., Beyond Meat, Vbites Foods Ltd., Blue Chip Group, MorningStar Farms, Cauldron Foods, and MGP Ingredients, Inc.
Key Topics Covered:
Chapter 1. Executive Summary
Chapter 2. Meat Substitutes Industry Outlook
Chapter 3. Meat Substitutes Raw Material Outlook
Chapter 4. Meat Substitute Product Outlook
Chapter 5. Meat Substitutes Regional Outlook
Chapter 6. Competitive LandscapeAmy’s Kitchen Inc. Vbites Food Ltd Beyond Meat Morning Star Farms Blue Chip Group MGP Ingredients Inc. Cauldron Foods U.K Quorn Foods Garden Protein International Inc. Meatless B.V
For more information about this report visit https://www.researchandmarkets.com/research/d3z2bq/global_meat?w=4
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Related Topics:Health Food and Sports Nutrition
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 11/06/2018 08:27 AM/DISC: 11/06/2018 08:27 AM