The global meat substitutes sector was valued at $7.4 billion in 2022. The market is forecast to record a CAGR of 12.5% over 2022-27 and reach $13.4 billion in 2027. The Americas represented the largest region in 2022, with a value share of 39.9%, followed by Western Europe with 32.1%. In 2022, the soy-based category accounted for the largest share of overall sector value sales at 54.8%, followed by the grain-based category with an 18.1% value share.
This report brings together multiple data sources to provide a comprehensive overview of the Global Meat Substitutes, analyzing data from 108 countries in the region. It includes analysis on the following:
The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates
This report brings together multiple data sources to provide a comprehensive overview of the Global Meat Substitutes, analyzing data from 108 countries in the region. It includes analysis on the following:
- Market Environment: Includes sector size, market size, and growth analysis by sectors
- High-Potential Countries' Analysis: Indicates changing share of value consumption of various food products by sectors across high-potential countries in the Americas region. It also provides risk-reward analysis of four countries across the Americas region based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure
- Health & Wellness Analysis*: Provides insights on Health & Wellness products in terms of value and percentage share in the overall food industry between 2016-21. The analysis includes key health & wellness attributes and consumer benefits driving the sales of the food industry in 2021. It also covers the market share of leading companies offering food products with health & wellness attributes in the same year
- Distribution Analysis: Provides analysis on the leading distribution channels in the Americas food industry in 2022. It covers six distribution channels: hypermarkets & supermarkets, food & drinks specialists, convenience stores, e-retailers; “dollar stores' variety stores & general merchandise retailers, and others. Others includes cash & carries and warehouse clubs, drug stores & pharmacies, vending machines, department stores, and others
Key Highlights
Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the industry in the regionThe report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates
Scope
- The report provides an overview of the current meat substitutes scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions
Reasons to Buy
- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
Table of Contents
- Executive Summary
- Part 1: Sector Overview
- Current Scenario and Future Outlook
- Global Meat Substitutes Sector Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
- Regional Meat Substitutes Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
- Key Challenges in the Global Meat Substitutes Sector
- Part 2: Shift in Meat Substitutes Consumption Patterns
- Change in Consumption Levels in Overall Meat Substitutes Sector, 2017-27
- Reasons for Shift in Consumption Patterns
- Part 3: Identifying High-Potential Countries by Region
- Analysis of 10 Countries on the Basis of Risk-Reward Analysis (Market Assessment, Economic Development,
- Sociodemographic factors, Governance Indicators, and Technological Infrastructure)
- Part 4: Country Deep Dive
- High-Potential Country Analysis
- Future Outlook
- Part 5: Competitive Environment
- Leading Companies by Value - Global
- Leading Companies and Brands Share Analysis - Global
- Leading Companies and Brands Share Analysis by Region
- Part 6: Competitive Environment - Market Analysis
- Part 7: Market Share of Private Labels
- Private Label Share Analysis by Region
- Private Label Share Analysis by Category
- Part 8: Key Distribution Channels
- Share of Key Distribution Channels - Global and Regional Level
- Appendix
- Definitions
- About the Publisher
- Key categories by value and volume, 2022-27 - Global
- Key categories by value and volume, 2022-27 - Asia-Pacific
- Key categories by value and volume, 2022-27 - Middle East and Africa
- Key categories by value and volume, 2022-27 - Americas
- Key categories by value and volume, 2022-27 - Western Europe
- Key categories by value and volume, 2022-27 - Eastern Europe
- Australia: Category share
- New Zealand: Category share
- Israel: Category share
- Nigeria: Category share
- Austria: Category share
- Switzerland: Category share
- Poland: Category share
- Slovakia: Category share
- US: Category share
- Canada: Category share
- Leading companies in the global meat substitutes sector (% share by value), 2022
- Change in consumption levels in overall meat substitutes sector, 2017-27
- Change in consumption levels in overall meat substitutes sector - Asia-Pacific, 2017-27
- Change in consumption levels in overall meat substitutes sector - Middle East and Africa, 2017-27
- Change in consumption levels in overall meat substitutes sector - The Americas, 2017-27
- Change in consumption levels in overall meat substitutes sector - Western Europe, 2017-27
- Change in consumption levels in overall meat substitutes sector - Eastern Europe, 2017-27
- Identifying high-potential countries, risk-reward analysis - Asia-Pacific
- Identifying high-potential countries, risk-reward analysis - Middle East and Africa
- Identifying high-potential countries, risk-reward analysis - The Americas
- Identifying high-potential countries, risk-reward analysis - Western Europe
- Identifying high-potential countries, risk-reward analysis - Eastern Europe
- Company and brand share analysis - Global
- Company and brand share analysis - Asia-Pacific
- Company and brand share analysis - Middle East and Africa
- Company and brand share analysis - The Americas
- Company and brand share analysis - Western Europe
- Company and brand share analysis - Eastern Europe
- Key brands - Grain-based meat substitutes, 2022
- Key brands - Single-cell protein-based (fungi/algae) meat substitutes, 2022
- Key brands - Soy-based meat substitutes, 2022
- Key brands - Vegetable/plant-based proteins, 2022
- Private label value and share by region, 2017-2022
- Private label value sales and share by region and category, 2022
- Leading distribution channels by region (% share by value), 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kellogg's Company
- Monde Nissin
- Conagra Brands Inc
- Beyond Meat Inc
- The Tofurky Company Inc
- Maple Leaf Foods Inc.
- TOPAS GmbH
- Shenzhen Qishan Food Co. Ltd.
- Pulmuone
- Tofutown.com GmbH
