Latin America Meat Substitute Market 2019-2027

Market Outlook

According to the author, the meat substitute market in Latin America is expected to proliferate with a CAGR of 9.49% in the forecast period of 2019-2027.

Brazil, Mexico and countries in rest of Latin America together form the market for meat substitutes in the Latin American region.

Though the Brazilian market for meat substitutes is smaller as compared to the markets in other regions, it is growing significantly. A rising number of individuals in Brazil and Argentina are plagued by obesity; this is one of the major reasons for the decline in consumption of meat, particularly red meat, and has thus provided an impetus to the growth of the meat substitute market in Latin America. Efforts taken at the societal level, such as the global “Meatless Monday” initiative, which aim to reduce red meat consumption, primarily drive the meat substitute market in the region. Such initiatives, by both regulatory authorities and private organizations, have positively impacted Latin America’s meat substitute market.

Furthermore, a majority of food services in Mexico offer a broad range of meat substitutes, as they are environment-friendly and more sustainable. Also, owing to several health benefits of such products and the rising health-conscious population, high demand for substitutes such as tofu and TVP is being observed among Mexicans, which will further propel the growth of the meat substitute market in Mexico.

Competitive Outlook

Some of the established giants in the meat substitute market are Beyond Meat, Quorn Foods, The Tofurky Company, Meatless B.V., MGP Ingredients, Conagra Brands, Inc. and Sonic Biochem Limited.

1. Latin America Meat Substitute Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Growing Adoption Of Wheat-Based Foods
2.2.2. Rise In Vegan Cafes And Restaurants
2.3. Porter's Five Force Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Market Drivers
2.6.1. Upsurge In Health-Conscious Populace
2.6.2. High Demand For Plant-Based Diet
2.6.3. Increase In Obesity Aids Market Growth
2.7. Market Restraints
2.7.1. Easy Access To Alternative Products
2.8. Market Opportunities
2.8.1. Growing Adoption Of Veganism
2.8.2. Infiltration Of Retail Chain
2.9. Market Challenges
2.9.1. High Cost Levied On Analog Meat
2.9.2. Rise In Allergies Owing To Soya-Based Products

3. Latin America Meat Substitute Market Outlook - By Category
3.1. Frozen
3.2. Refrigerated
3.3. Shelf-Stable

4. Latin America Meat Substitute Market Outlook - By Source
4.1. Soy-Based
4.2. Wheat-Based
4.3. Mycoprotein
4.4. Other Sources

5. Latin America Meat Substitute Market Outlook - By Product
5.1. Tofu-Based
5.2. Tempeh-Based
5.3. Tvp-Based
5.4. Seitan-Based
5.5. Quorn-Based
5.6. Other Products

6. Latin America Meat Substitute Market - Regional Outlook
6.1. Latin America
6.1.1. Brazil
6.1.2. Mexico
6.1.3. Rest Of Latin America

7. Competitive Landscape
7.1. Amy's Kitchen, Inc.
7.2. Beyond Meat
7.3. Cauldron Foods
7.4. Quorn Foods
7.5. Kellogg Co.
7.6. The Tofurky Company
7.7. Superbom
7.8. Meatless B.V.
7.9. Vbites Food Ltd.
7.10. Mgp Ingredients
7.11. Impossible Foods, Inc.
7.12. Conagra Brands, Inc.
7.13. The Campbell Soup Company
7.14. Sonic Biochem Limited
7.15. Vegabom Healthy Option

8. Methodology & Scope
8.1. Research Scope
8.2. Sources Of Data
8.3. Research Methodology

List of Tables
Table 1: Latin America Meat Substitute Market, By Country, 2019-2027 (In $ Million)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: Latin America Meat Substitute Market, By Category, 2019-2027 (In $ Million)
Table 5: Latin America Meat Substitute Market, By Source, 2019-2027 (In $ Million)
Table 6: Latin America Meat Substitute Market, By Product, 2019-2027 (In $ Million)
Table 7: Latin America Meat Substitute Market, By Country, 2019-2027 (In $ Million)

List of Figures
Figure 1: Latin America Meat Substitute Market, By Category, 2018 & 2027 (In %)
Figure 2: Porter's Five Force Analysis
Figure 3: Latin America Meat Substitute Market, By Frozen, 2019-2027 (In $ Million)
Figure 4: Latin America Meat Substitute Market, By Refrigerated, 2019-2027 (In $ Million)
Figure 5: Latin America Meat Substitute Market, By Shelf-Stable, 2019-2027 (In $ Million)
Figure 6: Latin America Meat Substitute Market, By Soy-Based, 2019-2027 (In $ Million)
Figure 7: Latin America Meat Substitute Market, By Wheat-Based, 2019-2027 (In $ Million)
Figure 8: Latin America Meat Substitute Market, By Mycoprotein, 2019-2027 (In $ Million)
Figure 9: Latin America Meat Substitute Market, By Other Sources, 2019-2027 (In $ Million)
Figure 10: Latin America Meat Substitute Market, By Tofu-Based, 2019-2027 (In $ Million)
Figure 11: Latin America Meat Substitute Market, By Tempeh-Based, 2019-2027 (In $ Million)
Figure 12: Latin America Meat Substitute Market, By Tvp-Based, 2019-2027 (In $ Million)
Figure 13: Latin America Meat Substitute Market, By Seitan-Based, 2019-2027 (In $ Million)
Figure 14: Latin America Meat Substitute Market, By Quorn-Based, 2019-2027 (In $ Million)
Figure 15: Latin America Meat Substitute Market, By Other Products, 2019-2027 (In $ Million)
Figure 16: Latin America Meat Substitute Market, Regional Outlook, 2018 & 2027 (In %)
Figure 17: Brazil Meat Substitute Market, 2019-2027 (In $ Million)
Figure 18: Mexico Meat Substitute Market, 2019-2027 (In $ Million)
Figure 19: Rest Of Latin America Meat Substitute Market, 2019-2027 (In $ Million)