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Meat Substitute Market Size, Share & Trends Analysis Report by Source (Plant-based Protein, Mycoprotein, Soy-based), by Distribution Channel (Foodservice, Retail), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 80 Pages
  • March 2022
  • Region: Global
  • Grand View Research
  • ID: 4613435
Description Jump to:
The global meat substitute market size is expected to reach USD 234.7 billion by 2030. The market is expected to expand at a CAGR of 42.1% from 2022 to 2030. Growing preference for a vegan diet coupled with rising health awareness is expected to fuel market demand in the forecast period. Furthermore, growing awareness of environmental and ethical issues has also accelerated market growth. Plant-based meat is a healthier alternative to traditional meat products. Over half of protein users prefer to consume natural sources in their protein, which is boosting the shift in demand for easily identifiable and clean substances.



Many plant-based protein products promise a smaller carbon footprint than traditional protein sources, and since these plant protein products are thought to be easier on the environment, health, and sustainability, they have become significant motivators for the adoption of meat substitutes globally. Plant-based protein held the largest segment in 2021 and is expected to maintain its dominance over the forecast period. Increasing consumer concern regarding the adverse health effects of consuming diets high in animal protein (e.g., increased saturated fatty acids) will drive the growth of this segment. Companies including Beyond Meat and Impossible Foods Inc. are bringing alternative protein products to more restaurants and grocery stores, which is boosting the demand. They're leveraging their size to increase distribution while also collaborating with retailers on promotions and marketing.

The retail segment dominated the market and accounted for a significant revenue share in 2021. As more consumers have stopped eating meat or drastically reduced their consumption, supermarket companies have more room to attract customers to buy goods other than meat in their stores. Consumers in the U.S. are going meat-free because of the wide availability of the product on both online and offline retail stores. The market is fragmented in different regions/countries owing to the presence of a large number of players including Amy’s Kitchen, Beyond Meat, Impossible Foods Inc., The Kellogg Company, Unilever, Quorn Foods, Meatless B.V., Tyson Foods, Inc., and Sunfed.

Meat Substitute Market Report Highlights

  • The Mycoprotein segment is projected to register the fastest growth as its more economical to produce and the reduced prices are also expected to drive growth
  • The retail channel segment held the largest revenue share in 2021 due to nationwide lockdowns globally and the resultant increase in at-home consumption of food
  • Asia Pacific is expected to register the fastest growth during the forecast period. Countries such as China and Australia and others are expected to see a rapid surge in the consumption of meat substitutes with consumers across these countries preferring to cut down meat consumption and form more healthy dietary habits

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Source Outlook
2.3. Distribution Channel Outlook
Chapter 3. Meat Substitutes Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Meat Substitutes Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis-Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Meat Substitutes Market
3.8. Market Entry Strategies
Chapter 4. Buyer Behavior Analysis
4.1. Buyer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Buyer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Meat Substitutes Market: Source Estimates & Trend Analysis
5.1. Source Movement Analysis & Market Share, 2021 & 2030
5.2. Plant-based Protein
5.2.1. Market estimates and forecast for plant-based protein meat substitutes, 2017-2030 (USD Million)
5.3. Mycoprotein
5.3.1. Market estimates and forecast for mycoprotein meat substitutes, 2017-2030 (USD Million)
5.4. Soy-based
5.4.1. Market estimates and forecast for soy-based meat substitutes, 2017-2030 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast for other meat substitutes, 2017-2030 (USD Million)
Chapter 6. Meat Substitutes Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.2. Foodservice
6.2.1. Market estimates and forecast through foodservice, 2017-2030 (USD Million)
6.3. Retail
6.3.1. Market estimates and forecast through retail, 2017-2030 (USD Million)
Chapter 7. Meat Substitutes Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.4.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.5.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017-2030 (USD Million)
7.2.6.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.4.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.3.5.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.4.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.4.5. Australia
7.4.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.4.5.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017-2030 (USD Million)
7.5.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017-2030 (USD Million)
7.5.4.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017-2030 (USD Million)
7.6.2. Market estimates and forecast, by source, 2017-2030 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017-2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
9.1. Amy’s Kitchen
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Beyond Meat
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Impossible Foods Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Quorn Foods
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. The Kellogg Company
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Unilever
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Meatless B.V.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. VBites Foods Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Sunfed
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Tyson Foods, Inc.
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Meat substitutes market-Key market driver analysis
2. Meat substitutes market-Key market restraint analysis
3. Global plant-based protein meat substitutes market estimates and forecast, 2017-2030 (USD Million)
4. Global mycoprotein meat substitutes market estimates and forecast, 2017-2030 (USD Million)
5. Global soy-based meat substitutes market estimates and forecast, 2017-2030 (USD Million)
6. Global others meat substitutes market estimates and forecast, 2017-2030 (USD Million)
7. Global meat substitutes market estimates and forecast through foodservice, 2017-2030 (USD Million)
8. Global meat substitutes market estimates and forecast through retail, 2017-2030 (USD Million)
9. North America meat substitutes market estimates and forecast, 2017-2030 (USD Million)
10. North America meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
11. North America meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
12. U.S. meat substitutes market estimates and forecast, 2017-2030 (USD Million)
13. U.S. meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
14. U.S. meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
15. Canada meat substitutes market estimates and forecast, 2017-2030 (USD Million)
16. Canada meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
17. Canada meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
18. Mexico meat substitutes market estimates and forecast, 2017-2030 (USD Million)
19. Mexico meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
20. Mexico meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
21. Europe meat substitutes market estimates and forecast, 2017-2030 (USD Million)
22. Europe meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
23. Europe meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
24. U.K. meat substitutes market estimates and forecast, 2017-2030 (USD Million)
25. U.K. meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
26. U.K. meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
27. Germany meat substitutes market estimates and forecast, 2017-2030 (USD Million)
28. Germany meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
29. Germany meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
30. Asia Pacific meat substitutes market estimates and forecast, 2017-2030 (USD Million)
31. Asia Pacific meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
32. Asia Pacific meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
33. China meat substitutes market estimates and forecast, 2017-2030 (USD Million)
34. China meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
35. China meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
36. Australia meat substitutes market estimates and forecast, 2017-2030 (USD Million)
37. Australia meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
38. Australia meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
39. Central & South America meat substitutes market estimates and forecast, 2017-2030 (USD Million)
40. Central & South America meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
41. Central & South America meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
42. Brazil meat substitutes market estimates and forecast, 2017-2030 (USD Million)
43. Brazil meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
44. Brazil meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
45. Middle East & Africa meat substitutes market estimates and forecast, 2017-2030 (USD Million)
46. Middle East & Africa meat substitutes market revenue estimates and forecast, by source, 2017-2030 (USD Million)
47. Middle East & Africa meat substitutes market revenue estimates and forecast, by distribution channel, 2017-2030 (USD Million)
48. Company categorization
List of Figures
1. Meat substitutes market segmentation & scope
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Meat substitutes market - Penetration & growth prospect mapping
7. Meat substitutes market - Value chain analysis
8. Meat substitutes market: Porter’s Five Forces Analysis
9. Meat substitutes market: Roadmap
10. Factors affecting the buying decision for the meat substitutes market
11. Meat substitutes market: Source (%) analysis, 2021 & 2030
12. Meat substitutes market: Distribution channel share (%) analysis, 2021 & 2030
13. Meat substitutes market: Regional share (%) analysis, 2021 & 2030

Companies Mentioned

  • Amy’s Kitchen
  • Beyond Meat
  • Impossible Foods Inc.
  • Quorn Foods
  • The Kellogg Company
  • Unilever
  • Meatless B.V.
  • VBites Foods Ltd.
  • Sunfed
  • Tyson Foods, Inc.

Methodology

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