China Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Market Share, Demographics and Forecast to 2027

China Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Market Share, Demographics and Forecast to 2027

Summary

GlobalData’s Country Profile report on the meat substitutes sector in China provides insights on high growth markets to target, category level distribution data, and companies market shares.

The Chinese meat substitutes sector was led by the soy based category in both value and volume terms in 2022. The vegetable/plant-based category is forecast to register the fastest value and volume growth during 2022-27. Hypermarkets & supermarkets was the leading channel in the distribution of meat substitutes products in the country. Shenzhen Qishan Food, Beijing Ershang Xijie Food, and Pulmuone were the top three companies in the Chinese meat substitutes sector in 2022.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2017-2027
• Category coverage: Value and growth analysis for grain based, soy based, and vegetable/plant based proteins with inputs on individual segment share within each category and the change in their market share forecast for 2022-27
• Leading players: Market share of companies (in value terms) in 2022
• Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.

Scope

• Per capita consumption and expenditure of meat substitutes was lower in China than both the global and regional levels in 2022
• Hypermarkets & supermarkets was the leading distribution channel in the Chinese meat substitutes sector, with a value share of 65.5% in 2022
• Private labels accounted for a value share of 4% in the overall Chinese meat substitutes sector in 2022
• Soy based was the largest category with value sales of CNY1,635.6 million ($243.6 million) in 2022

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.