Global Meat Substitutes Market : Industry Size, Share, Analysis, Trend & Future Planning 2023
Bharat Book Bureau Provides the Trending Market Research Report on“Global Meat Substitutes Market, Forecast to 2023” underFood & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends,Major Players, global presence, and their future prospects.
Meat Substitutes market size will grow from USD 4.33 Billion in 2017 toUSD 6.42 Billion by 2023, at an estimatedCAGR of 6.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The growth in demand for plant-based and healthy sources of protein and nutrients is the main driving factor of this market. The meat substitutes market, based on source, has been segmented into soy-based meat substitutes, wheat-based meat substitutes, mycoprotein meat substitutes, and others. The soy-based meat substitutes segment accounted for the largest market share in 2017 owing its wide applications in the food industry. Soybeans are considered as one of the best sources of plant-based protein. Apart from protein, soy also contains other nutritional ingredients such as vitamins and minerals.
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Additionally, consumer shift toward the consumption of vegan food products is also expected to affect the market growth.
By Market Players:
Archer Daniels Midland Company, E.I. Du Pont De Nemours & Company, The Nisshin Ollio Group Ltd., Sonic Biochem Extractions Ltd., MGP Ingredients Inc., Garden Protein International Inc., Beyond Meat, Inc., Amy’s Kitchen Inc., Quorn Foods, Morningstar Farms LLC
By Function
Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Other Soy Products, Seitan
By Source
Soy-Based Meat Substitutes, Wheat-Based Meat Substitutes, Mycoprotein Meat Substitutes, Other Sources of Meat Substitutes
By Category
Frozen Meat Substitutes, Refrigerated Meat Substitutes
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
- The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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