Asia-Pacific Meat Substitutes Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

Asia-Pacific Meat Substitutes Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

Summary

The global meat substitutes sector was valued at $7,095.6 million in 2021 and is projected to record a value CAGR of 11.1% over 2021-26, reaching $12,008.6 million in 2026. Asia-Pacific was the third-largest market in the global meat substitutes sector with value sales of $1,546.8 million in 2021, accounting for a value share of 21.8%. The region is expected to register a CAGR of 7.8% during 2021-26 to reach value sales of $2,256.3 million in 2026. Furthermore, the region registered 167.7 million kg volume sales in 2021. Based on the relative performance of countries on multiple metrics, Australia, New Zealand, Singapore, and Japan were shortlisted as high-potential countries, primarily due to their large meat substitutes sector size, forecast high-value growth rates, and projected rise in per capita growth levels. The top five companies in Asia-Pacific meat substitutes sector accounted for a value share of 21.1% in 2021. Hypermarkets & supermarkets was the leading distribution channel in Asia-Pacific meat substitutes sector in 2021, with a value share of 60.4%. It was followed by convenience stores with 31.6% share.

This report brings together multiple data sources to provide a comprehensive overview of Asia-Pacific Meat Substitutes sector. It includes market overview, high growth country analysis, top companies, key distribution channels, and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific meat substitutes sector, analyzing data from 22 countries in the region. It includes analysis on the following -

• Market environment: Includes sector size, market size, and growth analysis by category.
• High-potential countries’ analysis: Indicates changing share of value consumption in the various meat substitutes categories across high-potential countries in the Asia-Pacific region. It also provides risk-reward analysis of four countries across Asia-Pacific based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure.
• Country deep dive: Provides the overview and key trends across high-potential countries.
• Success stories: Provides some of the most compelling meat substitutes manufacturers, brands, products, and marketing campaigns in Asia-Pacific. It also provides a better understanding of how a certain manufacturer achieved success in the sector, and insights.
• Competitive environment: Provides an overview of leading companies in Asia-Pacific, besides analyzing the growth of private labels in the region.
• Distribution analysis: Provides analysis on the leading distribution channels in the Asia-Pacific meat substitutes sector in 2021. It covers hypermarkets & supermarkets, e-retailers, department stores, convenience stores, “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, and others.
• Challenges and future outlook: Provides the challenges and future outlook pertaining to the Asia-Pacific meat substitutes sector.

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, that can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.