Meat Substitutes Sales to Skyrocket Fueling Market Growth by 2023, States MRFR Report
Research Reports
Jan 07, 2021
Market Overview
Increasing population and vegan consumers and high demand of plant based products is supporting the growth of global meat substitutes market. Rising population of vegan consumers and increasing awareness about health benefits obtained from meat substitutes have prompted the growth of the product in the global market. Rising campaigns on animal welfare have influenced the positive sale of meat alternatives among the vegan consumers. Health benefits gained out of Meat Substitutes consumption are the main drivers to the development of this segment. Growth of the functional foods manufactured out of plant-based products has also provided an impetus for the increased demand of this sector.
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Major Key Players
The key players profiled in Meat Substitutes Market are AMYS Kitchen Inc. (U.S.), MGP Ingredients Inc. (U.S.), Beyond Meat (U.S.), Garden Protein International, Inc. (Canada), Quorn Foods (U.K.), Sonic Biochem Extractions Limited (India), Meatless B.V. (Netherlands)and Cauldron Foods (U.K.) among many others.
Market Segments
The global Meat Substitutes market has been divided into source, type, distribution channel and region.
On The Basis Of Source: Soy-Based, Wheat-Based, Mycoprotien and Others
On The Basis Of Type: Tofu, Tempeh, Tvp (Textured Vegetable Protein), Quorn, Seitan, Miso, Yaso and Others
Regional Analysis
The Global Meat Substitutes Market is segmented into Europe, North America, APAC and Rest of the World (RoW). Global dietary market is highly dominated by North America and Europe due to rising population of vegan consumers in the region. APAC is the fastest growing region based on increasing inclination of consumers towards healthy life-style and shift in food consumption pattern. The consumption of Meat Substitutes in countries like the U.S., the U.K and China is expected to grow in upcoming years.
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