Global Meat Substitutes Market 2024-2028

Global Meat Substitutes Market 2024-2028

The meat substitutes market is forecasted to grow by USD 4.41 bn during 2023-2028, accelerating at a CAGR of 11.98% during the forecast period. The report on the meat substitutes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches in the meat substitute industry, the decline in global meat consumption, and an increased use of mycoprotein-based meat substitutes.

Technavio's meat substitutes market is segmented as below:

• By Distribution Channel
• Retail
• Foodservice
• By Product Type
• Soy-based
• Wheat-based
• Mycoprotein-based
• Others
• By Geography
• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the continuous r and d and product development in meat substitute products as one of the prime reasons driving the meat substitutes market growth during the next few years. Also, immense potential for meat substitutes in APAC and increasing number of mergers and acquisitions and strategic partnerships in meat substitute industry will lead to sizable demand in the market.

The report on the meat substitutes market covers the following areas:

• Meat substitutes market sizing
• Meat substitutes market forecast
• Meat substitutes market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading meat substitutes market vendors that include Archer Daniels Midland Co., Beyond Meat Inc., Blue Tribe, Conagra Brands Inc., Continental Coffee Pvt. Ltd., Delightful Gourmet Pvt. Ltd., Hormel Foods Corp., Impossible Foods Inc., International Flavors and Fragrances Inc., Kellogg Co., Kerry Group Plc, Lightlife Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., Morinaga and Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, New Wave Foods, Redefine Meat Ltd., Spencers Retail, Sunfed, Tata Consumer Products Ltd., The Jackfruit Co., The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, V2 Food Pty Ltd., and Wicked Kitchen Inc.. Also, the meat substitutes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.