Meat Substitutes Market Scenario
The key driver in the global meat substitutes market are increasing vegan & flexitarian population across the world, rise in health consciousness, and increasing obesity globally. Furthermore, increasing investments in plant-based protein ingredients is also the major factor fuelling the market growth all around the world. However, rising market of cultured meat and insect protein is one of the major factor expected to hamper the global growth of the meat substitutes market.
Meat Substitutes Market Segmentation
The meat substitutes market is segmented by Form, Source, Type, Product and Geography. Meat substitutes are manufactured in various Forms such as Solid and Liquid. Furthermore, the Source studied in the report are Soy Protein, Wheat Protein, Pea Protein and Other Sources. Likewise, Various Types of Meat substitutes are Concentrates, Isolates and Textured. In addition, the Products comprises of Tofu, Tempeh, Seitan, Quorn and Other Products. Based on Geography, the Meat Substitutes Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Meat Substitutes Market by Geography
Geographically, the meat substitutes market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The Asia Pacific is anticipated to propel the growth of the meat substitutes market. The upsurge in the number of obesity cases in the North American region is attributed to the rise in the popularity of meat substitute market.
Meat Substitutes Market Key Players
Some of the major players operating in the global meat substitutes market includes Archer Daniels Midland Company, Dupont, Roquette Frères, Kerry, Ingredion, the Nisshin Oillio Group, Ltd., Axiom Foods, Sotexpro S.A, Wilmar International Limited, Crespel & Deiters, CHS Inc., Südzucker, MGP Ingredients, Puris, Sonic Biochem Ltd., The Top Health Ingredients, Emsland Group, All Organic Treasures GmbH, Cargill and A&B Ingredients. Companies are anticipated to continue their R&D activities in spreading meat substitute application lines in medical sector due to clinical compatible properties.
Meat Substitutes Market Report Key Benefits