Meat Substitutes Market Size, Share & Growth Trends by 2027
The Meat Substitutes Market size is estimated to be valued at USD 1.9 billion in 2021. It is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The growing awareness among consumers regarding environmental issues caused by meat consumption is driving the demand for meat substitutes.
Download PDF Brochure
Based on product, seitan segment is forecasted...
Meat Substitutes Market: Global Outlook, Trends and Forecast to 2026
The meat
substitutes market is projected to reach USD 3.5 billion by 2026, from
USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period.
The rising awareness about plant-based meat and increasing health-cautiousness
due to increasing obesity are projected to drive industry growth during the
forecast period.
The tofu product
segment is estimated to dominate the meat substitutes...
Meat Substitutes Market Report Explores Global Trends & Forecast To 2023
The meat substitutes market is estimated at USD 4.63 billion in 2018 and is projected to reach USD 6.3 billion by 2023. It is projected to grow at a CAGR of 6.8% during the study period.
The market is primarily driven by factors such as changing trends toward healthy diets, which has led to an increased demand for clean-label products, such as plant-sourced proteins that include tofu and seitan.
Another...
Insight Report: Meat Substitutes Market – Global Opportunities
The meat substitutes market is estimated at USD 4.63 billion in 2018 and is projected to reach a value of USD 6.43 billion by 2023, at a CAGR of 6.8%. The market is segmented on the basis of type, source, category, and region. The types of meat substitutes include tofu & tofu ingredients, tempeh, TVP, seitan, Quorn, others soy products that include miso, yaso, and nattō, and other meat substitutes,...
Demand for Meat Substitutes is Growing Globally Due to the Growing Awareness on Health Effects of Heavy Meat Consumption & Meat Adulteration
Market Driving Factors of Meat Substitutes:
The rise in trend of vegan diet among consumers, due to the growing awareness on health effects of heavy meat consumption and meat adulteration, and its significant impact on the food industry retail chain as ingredients in convenience food, ready-to-cook foods, and ready-to-eat foods, have boosted the demand for meat substitutes across the globe.
The meat...