The global meat substitutes market size is accounted to grow at a significant CAGR of over 11% by 2030. The increasing consumer awareness regarding health and weight management is a primary factor to drive the market growth. The meat substitutes market is bifurcated into product, type, source, distribution channel, and geography. On the basis of product, the market is further segmented into shelf-stable, refrigerated, and frozen. Te frozen meat substitute segment is expected to grow at the fastest growth rate over the forecast period. By type, the tofu-based meat substitute segment is expected to grow at a significant CAGR over the forecast period.
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According to the recent report published by RC Market Analytics, the Global Meat Substitutes Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the meat substitutes market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the meat substitutes industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global meat substitutes market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the meat substitutes market report comprises dedicated sections centering on the regional market revenue and trends. The meat substitutes market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Meat substitutes market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 - 2030. The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
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The Meat Substitutes Market Segmentation:
By Product:
Shelf-Stable
Refrigerated
Frozen
By Type:
Seitan-based
Tofu-based
Textured Vegetable Protein
Quorn-based
Tempeh-based
Others
By Source:
Wheat-based
Soy-based
Mycoprotein
Pea-based
Others
By Distribution Channel:
Supermarkets
Grocery and Departmental Stores
Specialty Retail Stores
Online Sales
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key players operating in the global meat substitutes market are Axiom Foods, MGP Ingredients, Cargill, Dupont, Marlow Foods Ltd., Amys Kitchen Inc., Quorn Foods, Crespel & Deiters, Sonic Biochem Extractions Limited, Vbites Food, Ltd., and Sotexpro S.A.
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Key Questions Answered by Meat Substitutes Market Report:
Product popularity and adoption based on various country-level dynamics
Regional presence and product development for leading market participants
Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Meat Substitutes market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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