Global “Meat Substitute Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Meat Substitute in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Meat Substitute Market report categorizes the market based on manufacturers, regions, type and application. Meat Substitute Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Meat Substitute Market report categorizes the market based on manufacturers, regions, type, and application. Meat Substitute Market reports offer a detailed assessment of the Meat Substitute including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Meat Substitute Market:-
- AMYs Kitchen Inc.
- Beyond Meat
- Blue Chip Group
- Cauldron Foods
- Garden Protein International Inc.
- Impossible Foods
- Meatless BV
- MGP Ingredients Inc.
- Morningstar Farms
- Nisshin Ollio Group
- Quorn Foods
- Sonic Biochem Extractions Ltd
- The Nisshin Ollio Group Ltd
- Vbites Foods Ltd
The Global Meat Substitute market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global meat substitute market is expected to register a CAGR of 5.8% during the forecast period, 2018-2023. Currently, the global campaign of go vegetarian is the most powerful influencer of the demand for such products. Health benefits of this cholesterol-free protein, with meat-like texture, is the main factor promoting the growth of meat substitute products. Soy-based products such as tofu, miso, yaso, natto, and seitan are fast becoming popular among consumers. For market growth, product innovation and artificial meat taste are incorporated in the meat substitute products.
• Soylent is a brand that launched a new product like chewable nutrition bar. The food bar is nut-free, vegan, and lactose-free, and uses soy protein, algal flour, beet sugar, and other vitamins and minerals. Sporting a label of “food bar,” the new product promises to fill 12.5 percent of a persons daily caloric needs.
• Development of nutrient supplements like FortiSoy™ for infant nutrition and other products for pregnant women, have helped increase the health profile of both mother and child.
• California start-up brings meatless burger to Asia: Impossible Foods, which makes a product that tastes like ground beef, but is made from plants, is on the road to diversify its product portfolio to include something similar to steak. The companys new target will be Asia, after gaining attention for its food technology in Silicon Valley, where it attracted funds from big names.
Veganism is the New Fad
Veganism is trending, as people are up to find that the plant-based proteins are complete proteins, if eaten in the right combination for the right body type. They can work better than animal protein, mainly because of the absence of hormones and enzymes. Going vegan and consuming plant protein, has shown extraordinary results in reduction of cholesterol, treating PCOS and preventing menopausal complications. Around 13% of the millennial are vegetarians and 4% are vegans who avoid dairy products, thus, resulting in increased demand for the most suitable alternative like soy and pea protein. These inclination trends towards plant-based diet are associated with different factors, such as sustainability issue, health awareness, ethical or religious views, environmental and animal rights.
Soy-based Meat Substitutes are the Most Popular
Soy is the most common source of meat substitutes in Asia-Pacific. Increasing demand for tofu from food service and beverage manufacturers depicts its popularity. Soy-based products are rich in amino acids, vitamins, fibers, omega-3, and flavones, in addition to being cholesterol-free and low in saturated fat. Soya meat is extremely rich in protein, with a protein content over 50%. Owing to these advantages, soy-based meat substitutes are anticipated to increase their market presence. A hydrolyzed or textured soy “veggie” burger is a meat analogue, mostly because the taste and texture is similar to meat. The transition from animal protein to plant protein can be possible only in a gradual, smooth and orderly fashion by utilizing high protein mixture, isolated protein and concentrated proteins from plant sources. Soy meat alternatives are closer to the taste and texture of meat, than in the past, because of newer technology. These developments have led to increased demand of these substitutes from the consumers.
Asia-Pacific is the Fastest Growing Region
Europe is the largest market for meat substitute products, by revenue, accounting for 39% of the global market share. Asia-Pacific is the fastest-growing region registering a 5.3% CAGR, due to the huge support from the large population, rising urbanization, increasing incomes and rapid adaptation of processed foods in the market.
Quorn Foods Ltd., Amys Kitchen, Inc., and Cauldron Foods Have a Dominant Presence
Major Players – AMYS KITCHEN INC., BEYOND MEAT, BLUE CHIP GROUP, CAULDRON FOODS, GARDEN PROTEIN INTERNATIONAL INC., IMPOSSIBLE FOODS, MEATLESS BV, MGP INGREDIENTS INC., MORNINGSTAR FARMS, NISSHIN OLLIO GROUP, QUORN FOODS, SONIC BIOCHEM EXTRACTIONS LTD, THE NISSHIN OLLIO GROUP LTD and VBITES FOODS LTD, among others.
There is moderate competition in the meat substitute market. The top global players account for majority of the market share, with the rest being fragmented among small and regional players, across the world. The market entry for new players is moderately difficult, due to the availability of high number of alternatives in the market. New product launches that include innovative flavors, textures, organic, and non-GMA products, and mergers & acquisitions with local players have been strong business strategies for market growth. Various players are entering the market, to tap the untapped potential of the region. An advanced distribution network gives an upper edge to the manufacturers.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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The global Meat Substitute market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Meat Substitute Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Meat Substitute Market:
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This Meat Substitute Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Meat Substitute? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Meat Substitute Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Meat Substitute Market? What Was Capacity, Production Value, Cost and PROFIT of Meat Substitute Market?
- What Is Current Market Status of Meat Substitute Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Meat Substitute Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Meat Substitute Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Meat Substitute Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Meat Substitute Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Meat Substitute Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Meat Substitute Industry?
Reasons to Purchase this Report
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Finally, the report Global Meat Substitute Market 2020 describes the Meat Substitute industry expansion game plan, the Meat Substitute industry knowledge supply, appendix, analysis findings, and the conclusion.
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