Global Meat Substitute Market by Sources (Soy Protein, Wheat Protein, Pea Protein, and Others), Products (Tofu, Tempeh, Seitan, Quorn, and Others), Types (Textured, Concentrates, and Isolates), Category (Frozen Meat Substitutes and Refrigerated Meat Substitutes), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028
The global meat substitute market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Meat substitute has similar appearance, taste, flavor, and texture, making it a healthy food substitute for meat. Mock meat, faux meat, or imitation meat are also called meat substitutes or meat analogs. The consumption of vegetable protein in food products has been increasing owing to increasing prevalence of animal diseases. Moreover, the global shortage of animal protein is expanding the market growth. The characteristics of meat substitutes are usually similar to the aesthetic qualities of certain types of meat.
In the same way that meat is often used in dishes, they are also frequently used as ingredients in meat dishes. The meat analogs provide consumers complete satisfaction due to their meaty appearance, texture, and taste, which are the results of the production process used to produce meat substitutes. Vegetables are rich in protein and can provide the required supplement to a vegetarian diet as meat substitutes.
Market Trends, Drivers, Restraints, and Opportunities:
- Innovations in plant-based proteins have had a positive impact on the development of meat substitute products.
- Growing investments made by ingredient manufacturers are driving the market growth.
- Soybeans can subject to soy allergy, and therefore subject to health concerns. Itching and hives can occur among people with soy allergy. Besides from gas, bloating, and low levels of intestinal irritation, other signs of this disease include diarrhea. Considering soy protein is one of the main sources used to make meat substitutes, these factors are expected to restrain the market during the forecast period
- The adoption of western cuisine has shifted Asia-based countries toward meat substitutes, which is expected to spur the market.
Scope of the report:
The report on global meat substitute market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
| Attributes | Details |
| Report Title | Global Meat Substitute Market - Industry Analysis, Size, Share, Growth, Trends And Forecast |
| Base Year | 2020 |
| Historic Data | 2018 & 2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Sources (Soy Protein, Wheat Protein, Pea Protein, and Others), Products (Tofu, Tempeh, Seitan, Quorn, and Others), Types (Textured, Concentrates, and Isolates), Category (Frozen Meat Substitutes and Refrigerated Meat Substitutes) |
| Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
| Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
| Key Players Covered in the Report | DuPont, ADM, Kerry Group, Ingredion Incorporated, Roquette Frères, PURIS, Cargill, Axiom Foods, MGP Ingredients, The Top Health Ingredients, Sonic Biochem Ltd, Crespel & Deiters, Wilmar International Limited, Sotexpro S.A, The Nisshin OilliO Group, Ltd, and A&B Ingredients. |
Meat Substitute Market Segment Insights:
Pea segment is projected to hold significant market share
In the terms of sources, the global meat substitute market can be divided into soy protein, wheat protein, pea protein, and others. The pea segment is projected to hold a significant market share owing to growing awareness among consumers about the benefits offered by healthy food products and replacement of meat meals with vegetarian diets. Pea has been recognized as a major source of protein, and thereby has been a preferred choice of meat substitutes for the manufacturers of meat substitutes.
Tempeh segment is anticipated to account for a substantial share
Based on products, the global meat substitute market can be segmented into tofu, tempeh, seitan, quorn, and others. The tempeh segment is anticipated to account for a substantial share. The demand for allulose has increased due to its low-calorie, which has similar taste as tabletop sugar. Tempeh is a great source of protein and is also a prominent Indonesia-based dish. It has a cake-like consistency and is made from cooked and slightly fermented soybeans. The fermentation helps in breaking down the phytic acid in soybeans, which makes the starch in tempeh easier to digest. Though tempeh is highly perishable, in industrial production, it can be stored by drying and freezing. Tempeh is chewy and has a nutty and earthy taste. As tempeh is generally made from nuts, it is richer in calories, proteins, iron, potassium, and fiber. The demand for tempeh is increasing as it is a low-cost product among other meat substitutes, which are rich in protein.
Concentrates segment is estimated to grow at a significant pace in near future
On the basis of types, the global meat substitute market can be divided into textured, concentrates, and isolates. The concentrates segment is anticipated to expand at a significant pace in near future. Concentrates, if added to a product, offer a high protein content and low level of calories. These concentrates are used as ingredients to enhance the volume and texture of different products.
Frozen meat substitutes segment is expected to hold a large share in the market
Based on category, the global meat substitute market can be bifurcated into frozen meat substitutes and refrigerated meat substitutes. The frozen meat substitutes segment is expected to hold a large share in the market due to the growing preference for products such as TVP, which is dehydrated high-protein.
Asia Pacific is expected to dominate the market
In terms of regions, the global meat substitute market can be classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the market due to rising awareness about global animal welfare organizations, such as People for the Ethical Treatment for Animals (PETA), which has led to people considering a meat-free diet. Non-meat-based meals are already preferred in Asia, with tofu extensively used in Asian cuisines and bean-based congees widely that are consumed in countries such as China.
Segments
By Products
- Tofu
- Tempeh
- Seitan
- Quorn
- Others
By Sources
- Soy protein
- Wheat protein
- Pea protein
- Others
By Types
- Isolates
- Concentrates
- Textured
By Category
- Frozen Meat Substitutes
- Refrigerated Meat Substitutes
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- DuPont
- ADM
- Kerry Group
- Ingredion Incorporated
- Roquette Frères
- PURIS
- Cargill
- Axiom Foods
- MGP Ingredients
- The Top Health Ingredients
- Sonic Biochem Ltd
- Crespel & Deiters
- Wilmar International Limited
- Sotexpro S.A
- The Nisshin OilliO Group, Ltd,
- A&B Ingredients
Competitive Landscape
Key players in the global meat substitute market are DuPont, ADM, Kerry Group, Ingredion Incorporated, Roquette Frères, PURIS, Cargill, Axiom Foods, MGP Ingredients, The Top Health Ingredients, Sonic Biochem Ltd, Crespel & Deiters, Wilmar International Limited, Sotexpro S.A, The Nisshin OilliO Group, Ltd, and A&B Ingredients. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Substitute Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Meat Substitute Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Substitute Market - Supply Chain
4.5. Global Meat Substitute Market Forecast
4.5.1. Meat Substitute Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Substitute Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Meat Substitute Market Absolute $ Opportunity
5. Global Meat Substitute Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Meat Substitute Market Size and Volume Forecast by Types
5.3.1. Isolates
5.3.2. Concentrates
5.3.3. Textured
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Meat Substitute Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Meat Substitute Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Meat Substitute Demand Share Forecast, 2019-2026
7. North America Meat Substitute Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Meat Substitute Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Meat Substitute Market Size and Volume Forecast by Types
7.4.1. Isolates
7.4.2. Concentrates
7.4.3. Textured
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Meat Substitute Demand Share Forecast, 2019-2026
8. Latin America Meat Substitute Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Meat Substitute Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Meat Substitute Market Size and Volume Forecast by Types
8.4.1. Isolates
8.4.2. Concentrates
8.4.3. Textured
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Meat Substitute Demand Share Forecast, 2019-2026
9. Europe Meat Substitute Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Meat Substitute Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Meat Substitute Market Size and Volume Forecast by Types
9.4.1. Isolates
9.4.2. Concentrates
9.4.3. Textured
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Meat Substitute Demand Share Forecast, 2019-2026
10. Asia Pacific Meat Substitute Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Meat Substitute Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Meat Substitute Market Size and Volume Forecast by Types
10.4.1. Isolates
10.4.2. Concentrates
10.4.3. Textured
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Meat Substitute Demand Share Forecast, 2019-2026
11. Middle East & Africa Meat Substitute Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Meat Substitute Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Meat Substitute Market Size and Volume Forecast by Types
11.4.1. Isolates
11.4.2. Concentrates
11.4.3. Textured
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Meat Substitute Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Meat Substitute Market: Market Share Analysis
12.2. Meat Substitute Distributors and Customers
12.3. Meat Substitute Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DuPont
12.4.2. ADM
12.4.3. Kerry Group
12.4.4. Ingredion Incorporated
12.4.5. Roquette Frères
12.4.6. PURIS
12.4.7. Cargill
12.4.8. Axiom Foods
2. Assumptions and Acronyms Used
3. Research Methodology
4. Meat Substitute Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Meat Substitute Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Meat Substitute Market - Supply Chain
4.5. Global Meat Substitute Market Forecast
4.5.1. Meat Substitute Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Meat Substitute Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Meat Substitute Market Absolute $ Opportunity
5. Global Meat Substitute Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Meat Substitute Market Size and Volume Forecast by Types
5.3.1. Isolates
5.3.2. Concentrates
5.3.3. Textured
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Meat Substitute Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Meat Substitute Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Meat Substitute Demand Share Forecast, 2019-2026
7. North America Meat Substitute Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Meat Substitute Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Meat Substitute Market Size and Volume Forecast by Types
7.4.1. Isolates
7.4.2. Concentrates
7.4.3. Textured
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Meat Substitute Demand Share Forecast, 2019-2026
8. Latin America Meat Substitute Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Meat Substitute Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Meat Substitute Market Size and Volume Forecast by Types
8.4.1. Isolates
8.4.2. Concentrates
8.4.3. Textured
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Meat Substitute Demand Share Forecast, 2019-2026
9. Europe Meat Substitute Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Meat Substitute Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Meat Substitute Market Size and Volume Forecast by Types
9.4.1. Isolates
9.4.2. Concentrates
9.4.3. Textured
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Meat Substitute Demand Share Forecast, 2019-2026
10. Asia Pacific Meat Substitute Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Meat Substitute Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Meat Substitute Market Size and Volume Forecast by Types
10.4.1. Isolates
10.4.2. Concentrates
10.4.3. Textured
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Meat Substitute Demand Share Forecast, 2019-2026
11. Middle East & Africa Meat Substitute Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Meat Substitute Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Meat Substitute Market Size and Volume Forecast by Types
11.4.1. Isolates
11.4.2. Concentrates
11.4.3. Textured
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Meat Substitute Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Meat Substitute Market: Market Share Analysis
12.2. Meat Substitute Distributors and Customers
12.3. Meat Substitute Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DuPont
12.4.2. ADM
12.4.3. Kerry Group
12.4.4. Ingredion Incorporated
12.4.5. Roquette Frères
12.4.6. PURIS
12.4.7. Cargill
12.4.8. Axiom Foods
By Products
- Tofu
- Tempeh
- Seitan
- Quorn
- Others
By Sources
- Soy protein
- Wheat protein
- Pea protein
- Others
By Types
- Isolates
- Concentrates
- Textured
By Category
- Frozen Meat Substitutes
- Refrigerated Meat Substitutes
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- DuPont
- ADM
- Kerry Group
- Ingredion Incorporated
- Roquette Frères
- PURIS
- Cargill
- Axiom Foods
- MGP Ingredients
- The Top Health Ingredients
- Sonic Biochem Ltd
- Crespel & Deiters
- Wilmar International Limited
- Sotexpro S.A
- The Nisshin OilliO Group, Ltd,
- A&B Ingredients
Key players in the global meat substitute market are DuPont, ADM, Kerry Group, Ingredion Incorporated, Roquette Frères, PURIS, Cargill, Axiom Foods, MGP Ingredients, The Top Health Ingredients, Sonic Biochem Ltd, Crespel & Deiters, Wilmar International Limited, Sotexpro S.A, The Nisshin OilliO Group, Ltd, and A&B Ingredients. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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