Meat Substitutes Market Share, Size, Trends, Industry Analysis Report, By Type (Seitan-based, Tofu-based, Textured Vegetable Protein, Quorn-based, Tempeh-based); By Product; By Source; By Form; By Distribution Channel; By Region; Segment Forecast, 2022 -

Meat Substitutes Market Share, Size, Trends, Industry Analysis Report, By Type (Seitan-based, Tofu-based, Textured Vegetable Protein, Quorn-based, Tempeh-based); By Product; By Source; By Form; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030

The global meat substitutes market size is expected to reach USD 5.69 billion by 2030 according to a new study by Polaris Market Research. The report “Meat Substitutes Market Share, Size, Trends, Industry Analysis Report, By Type (Seitan-based, Tofu-based, Textured Vegetable Protein, Quorn-based, Tempeh-based); By Product; By Source; By Form; By Distribution Channel; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Factors including population growth, urbanization, increasing consumer preference for plant-based healthier diets are some factors propelling the industry. Furthermore, increasing animal-related diseases along with the outbreak of the COVID-19 pandemic have resulted in increasing demand for the products which in turn is expected to drive the demand over the forecast period. Additionally, conventional delivery lines have been and continue to be disrupted as schools, restaurants, as well as other institutions have closed. Consumers had limited options as a result of decreased output and increased pricing, which in turn is boosting the demand for the products among consumers.