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Global Meat Substitutes Market by Source (Soy Protein, Wheat Protein, Pea Protein, and Other Sources), Product (Tofu, Tempeh, Seitan, Quorn, and Other Products), Type (Textured, Concentrates, and Isolates), Form, Category, and Region - Forecast to 2027

  • ID: 5440719
  • Report
  • September 2021
  • Region: Global
  • 235 Pages
  • Markets and Markets
Market Estimated at USD 1.9 Billion in 2021 and is Projected to Reach USD 4.0 Billion by 2027, at a CAGR of 13.5%

FEATURED COMPANIES

  • A&B Ingredients
  • Axiom Foods
  • Beneo
  • Crespel & Deiters
  • ET Chem
  • Kerry Group

According to the publisher, the meat substitutes market is estimated to be valued at USD 1.9 billion in 2021 and is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value.

The market is primarily driven by factors such as increasing health-consciousness among consumers and a rise in consumption of plant-based foods.

North America region accounted for the market share in the meat substitutes market owing to the rising investments and consumers' demand for vegan products in the region. However, one of the restraining factors in the growth of meat substitutes market is the high production cost of meat substitute products.

By product, the tempeh segment is projected to account for the second-largest market share during the forecast period

Based on product, the tempeh segment is projected to account for the second-largest market share in the market during the forecast period. Tempeh is an excellent substitute for ground beef. There are numerous health benefits offered by tempeh.

For example, it helps in increasing the antibodies and decreasing the sugar levels, which reduces the risk of diabetes. It also helps in lowering cholesterol levels, which helps in reducing the risk of heart diseases.

By source, the soy segment is estimated to account for the largest share

The soy segment of the meat substitutes is dominating the market. Soy protein has been one of the most preferred ingredients for imparting the meat texture in the final product. Soy is majorly used as a textured protein in the market, rather than being used as an isolate or concentrate. Also, it is the cheapest plant-based source available in the global market.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period

The Asia Pacific region is projected to be the fastest-growing market for the period considered for this study. The key factors driving growth in the Asia Pacific region include health benefits, animal welfare, environment safety, cost affordability, and the growing variety of plant-based meat products.

Heightened awareness through global animal welfare organizations, such as People for the Ethical Treatment for Animals (PETA), has led to people considering a meat-free diet.

The meat substitutes market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).

Break-up of Primaries

  • By Company Type: Tier 1 - 30%, Tier 2 - 25% and Tier 3 - 45%
  • By Designation: Manager - 25%, CXOs - 30%, and Executives - 45%
  • By Region: Asia Pacific - 40%, Europe - 32%, North America - 18%, and RoW - 10%

Leading players profiled in this report include the following:

  • DuPont (US)
  • ADM (US)
  • Kerry Group (Ireland)
  • Ingredion Incorporated (US)
  • Roquette Frères (France)
  • PURIS (US)
  • Cargill (US)
  • Axiom Foods (US)
  • Sonic Biochem Ltd (India)
  • Crespel & Deiters (Germany)
  • Wilmar International Limited (Singapore)
  • Sotexpro S.A (France)
  • The Nisshin OilliO Group, Ltd (Japan)
  • A&B Ingredients (Canada)
  • Batory Foods (US)
  • All Organic Treasures GMBH (Germany)
  • The Green Labs LLC (US)
  • Shandong Jianyuan Group (China)
  • ET Chem (China)
  • Beneo (Germany)

Research Coverage

This report segments the meat substitutes market on the basis of product, source, type, form, category, and region.

In terms of insights, this research report focuses on various levels of analyses - competitive landscape, pricing insights, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the meat substitutes market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to Buy this Report

  • To get a comprehensive overview of the meat substitutes market
  • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
  • To gain insights about the major countries/regions, in which the meat substitutes market is flourishing
Frequently Asked Questions about the Global Meat Substitutes Market

What is the estimated value of the Global Meat Substitutes Market?

The Global Meat Substitutes Market was estimated to be valued at €1.90 Billion in 2021.

What is the growth rate of the Global Meat Substitutes Market?

The growth rate of the Global Meat Substitutes Market is 13.5%, with an estimated value of €4.00 Billion by 2027.

What is the forecasted size of the Global Meat Substitutes Market?

The Global Meat Substitutes Market is estimated to be worth €4.00 Billion by 2027.

Who are the key companies in the Global Meat Substitutes Market?

Key companies in the Global Meat Substitutes Market include A&B Ingredients, ADM, All Organic Treasures GmbH, Axiom Foods, Batory Foods, Beneo, Cargill, Crespel & Deiters and ET Chem.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A&B Ingredients
  • Axiom Foods
  • Beneo
  • Crespel & Deiters
  • ET Chem
  • Kerry Group
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.3.1 Inclusions and Exclusions
1.4 Regions Covered
1.5 Periodization Considered
1.6 Currency Considered
Table 1 USD Exchange Rates Considered, 2017-2020
1.7 Volume Units Considered
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Meat Substitutes Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key data from secondary sources
2.1.2 Primary Data
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key primary insights
2.2 Market Size Estimation
2.2.1 Approach One - Bottom-Up (Based On Sources, by Region)
2.2.2 Approach Two - Top-Down (Based On the Global Market)
2.3 Data Triangulation
Figure 3 Data Triangulation Methodology
2.4 Assumptions for the Study
2.5 Limitations and Risk Assessment of the Study
2.6 Market Scenarios Considered for the Impact of COVID-19
2.6.1 Optimistic Scenario
2.6.2 Realistic & Pessimistic Scenario
2.6.3 Scenario-Based Modelling
2.7 COVID-19 Health Assessment
Figure 4 COVID-19: Global Propagation
Figure 5 COVID-19 Propagation: Select Countries
2.8 COVID-19 Economic Assessment
Figure 6 Revised Gross Domestic Product forecasts for Select G20 Countries In 2020
2.8.1 COVID-19 Economic Impact-Scenario Assessment
Figure 7 Criteria Impacting the Global Economy
Figure 8 Scenarios In Terms of Recovery of Global Economy
3 Executive Summary
Table 2 Meat Substitutes Market Snapshot, 2021 Vs. 2027
Figure 9 Impact of COVID-19 On the Meat Substitutes Market Size, by Scenario, 2020 Vs. 2021 (USD Million)
Figure 10 Meat Substitutes Market Size, by Product, 2021 Vs. 2027 (USD Million)
Figure 11 Meat Substitutes Market Size, by Source, 2021 Vs. 2027 (USD Million)
Figure 12 Meat Substitutes Market Size, by Type, 2021 Vs. 2027 (USD Million)
Figure 13 Meat Substitutes Market Size, by form, 2021 Vs. 2027 (USD Million)
Figure 14 Meat Substitutes Market Share (Value), by Region, 2020
4 Premium Insights
4.1 Attractive Opportunities In the Meat Substitutes Market
Figure 15 Increasing Investments In Plant-Based Protein Ingredients To Propel the Market
4.2 North America: Meat Substitutes Market, by Type & Country
Figure 16 Textured Segment and the United States To Account for the Largest Shares In the North American Market In 2020
4.3 Meat Substitutes Market, by Product
Figure 17 Tofu Segment To Dominate the Market During the forecast Period
4.4 Meat Substitutes Market, by Source & Region
Figure 18 North America To Dominate the Market During the forecast Period
4.5 Meat Substitutes Market, by Type
Figure 19 Textured Segment To Dominate the Market During the forecast Period
4.6 Meat Substitutes Market, by form
Figure 20 Solid Segment To Dominate the Market During the forecast Period
Figure 21 COVID-19 Impact On the Meat Substitutes Market: Comparison of Pre- and Post-COVID-19 Scenarios
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 22 Meat Substitutes Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising adoption of plant-based food
5.2.1.1.1 Increasing vegan & flexitarian population across the world
Figure 23 United Kingdom: Vegan Population, 2014-2018
Figure 24 Fastest-Growing Takeaway Cuisines In United Kingdom (2016-2019)
5.2.1.1.2 Increasing obesity globally
Figure 25 Number of Obese Population, by Country, 2019
5.2.1.2 Increasing investments in plant-based protein ingredients
Table 3 Investments: Meat Substitute Ingredient Manufacturers
5.2.1.3 Increasing inclination for pea protein ingredients
5.2.2 Restraints
5.2.2.1 Rising market of cultured meat and insect protein
5.2.2.2 Allergy concerns among consumers for soy and wheat products
5.2.3 Opportunities
5.2.3.1 Emerging markets illustrate the great potential for meat substitutes
5.2.3.2 Increasing government initiatives
5.2.3.3 Technological advancements in extrusion and processing
5.2.4 Challenges
5.2.4.1 Pricing pressure
5.2.4.2 Perception of taste
5.2.5 COVID-19 Impact Analysis: (Market Dynamics)
6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Research & Development
6.2.2 Raw Material Sourcing
6.2.3 Production and Processing
6.2.4 Packaging
6.2.5 Marketing & Distribution
6.2.6 End-Use Industry
Figure 26 Value Chain Analysis of the Meat Substitutes Market: Research & Development and Raw Material Sourcing Are Key Contributors
6.3 Supply Chain Analysis
Figure 27 Supply Chain Analysis of the Meat Substitutes Market
6.4 Technology Analysis
6.4.1 Extrusion Technology
6.4.2 Extrudable Fat Technology
6.5 Pricing Analysis: The Meat Substitutes Market
Table 4 Global Meat Substitutes Average Selling Price (Asp), by Source, 2019-2021 (USD/Tons)
Table 5 Global Meat Substitutes Average Selling Price (Asp), by Region, 2019-2021 (USD/Tons)
6.6 Market Map and Ecosystem Meat Substitutes Market
6.6.1 Demand Side
6.6.2 Supply Side
6.6.3 Plant-Based Ingredients: Ecosystem View
6.6.4 Meat Substitutes: Market Map
Table 6 Meat Substitutes Market: Supply Chain (Ecosystem)
6.7 Trends/Disruptions Impacting the Customer’S Business
Figure 28 YC-YCC Shift for the Meat Substitutes Market
6.8 Patent Analysis
Figure 29 Number of Patents Granted Between 2011 and 2020
Figure 30 Top Ten Investors With the Highest Number of Patent Documents
Figure 31 Top Ten Applicants With the Highest Number of Patent Documents
Table 7 Some of the Patents Pertaining To Meat Alternatives, 2020-2021
6.9 Trade Analysis
6.9.1 Soya Beans
Table 8 Top Ten Importers and Exporters of Soya Beans, 2020 (Kt)
6.9.2 Wheat
Table 9 Top Ten Importers and Exporters of Wheat, 2020 (Kt)
6.9.3 Pea
Table 10 Top Ten Importers and Exporters of Pea, 2020 (Kt)
6.10 Porter’S Five forces Analysis
Table 11 Meat Substitutes Market: Porter’S Five forces Analysis
6.10.1 Degree of Competition
6.10.2 Bargaining Power of Suppliers
6.10.3 Bargaining Power of Buyers
6.10.4 Threat of Substitutes
6.10.5 Threat of New Entrants
6.11 Case Studies
6.11.1 Growing Demand for Meat Alternatives
6.11.2 Increasing Demand for Clean Label Products
6.12 Regulations
6.12.1 Introduction
6.12.2 Regulations, by Country/Region
6.12.2.1 United States
6.12.2.2 Canada
6.12.2.3 Europe
6.12.2.4 India
7 Meat Substitutes Market, by Product
7.1 Introduction
Figure 32 Meat Substitutes Market Size, by Product, 2021 Vs. 2027 (USD Million)
Table 12 Meat Substitutes Market Size, by Product, 2017-2020 (USD Million)
Table 13 Meat Substitutes Market Size, by Product, 2021-2027 (USD Million)
7.1.1 COVID-19 Impact On Meat Substitutes Market, by Product
7.1.1.1 Optimistic scenario
Table 14 Optimistic Scenario: Meat Substitutes Market Size, by Product, 2019-2022 (USD Million)
7.1.1.2 Realistic scenario
Table 15 Realistic Scenario: Meat Substitutes Market Size, by Product, 2019-2022 (USD Million)
7.1.1.3 Pessimistic scenario
Table 16 Pessimistic Scenario: Meat Substitutes Market Size, by Product, 2019-2022 (USD Million)
7.2 Tofu
7.2.1 Tofu Has A Major Application In the Production of Plant-Based Burgers and Patties
Table 17 Tofu: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 18 Tofu: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
7.3 Tempeh
7.3.1 Increasing Awareness Related To the Health Benefits Associated With Fermented Food Products To Boost the Demand for Tempeh
Table 19 Tempeh: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 20 Tempeh: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
7.4 Seitan
7.4.1 Dense Texture and Neutral Flavor Make Seitan A Popular Meat Substitute
Table 21 Seitan: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 22 Seitan: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
7.5 Quorn
7.5.1 Various Health and Environmental Benefits Provided by Quorn To Drive Its Demand for Meat Substitutes
Table 23 Quorn: Meat Substitutes Market Size, by Region, 2017-2020 (USD Thousand)
Table 24 Quorn: Meat Substitutes Market Size, by Region, 2021-2027 (USD Thousand)
7.6 Other Products
7.6.1 Various Health-Related Benefits offered by Meat Substitute Products To Drive their Demand
Table 25 Other Products: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 26 Other Products: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
8 Meat Substitutes Market, by Source
8.1 Introduction
Figure 33 Meat Substitutes Market Size, by Source, 2021 Vs. 2027 (USD Million)
Table 27 Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 28 Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 29 Meat Substitutes Market Size, by Source, 2017-2020 (Kt)
Table 30 Meat Substitutes Market Size, by Source, 2021-2027 (Kt)
8.1.1 COVID-19 Impact On Meat Substitutes Market, by Source
8.1.1.1 Optimistic scenario
Table 31 Optimistic Scenario: Meat Substitutes Market Size, by Source, 2019-2022 (USD Million)
8.1.1.2 Realistic scenario
Table 32 Realistic Scenario: Meat Substitutes Market Size, by Source, 2019-2022 (USD Million)
8.1.1.3 Pessimistic scenario
Table 33 Pessimistic Scenario: Meat Substitutes Market Size, by Source, 2019-2022 (USD Million)
8.2 Soy Protein
8.2.1 Soy Protein Is Preferred by Manufacturers As It Imparts Similar Texture To Meat Substitutes As Traditional Meat
Table 34 Soy Protein: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 35 Soy Protein: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
Table 36 Soy Protein: Meat Substitutes Market Size, by Region, 2017-2020 (Kt)
Table 37 Soy Protein: Meat Substitutes Market Size, by Region, 2021-2027 (Kt)
8.3 Wheat Protein
8.3.1 High Availability of Wheat As A Raw Material Is Encouraging Manufacturers To Incorporate It In the Production of Meat Substitutes
Table 38 Wheat Protein: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 39 Wheat Protein: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
Table 40 Wheat Protein: Meat Substitutes Market Size, by Region, 2017-2020 (Kt)
Table 41 Wheat Protein: Meat Substitutes Market Size, by Region, 2021-2027 (Kt)
8.4 Pea Protein
8.4.1 Rising Investment by Manufacturers To Boost the Demand for Pea Protein
Table 42 Pea Protein: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 43 Pea Protein: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
Table 44 Pea Protein: Meat Substitutes Market Size, by Region, 2017-2020 (Kt)
Table 45 Pea Protein: Meat Substitutes Market Size, by Region, 2021-2027 (Kt)
8.5 Other Sources
8.5.1 Increasing Demand for Plant-Based Proteins and Alternatives of Soy Protein To Drive the Market for Other Sources
Table 46 Other Sources: Meat Substitute Market Size, by Region, 2017-2020 (USD Million)
Table 47 Other Sources: Meat Substitute Market Size, by Region, 2021-2027 (USD Million)
Table 48 Other Sources: Meat Substitute Market Size, by Region, 2017-2020 (Tons)
Table 49 Other Sources: Meat Substitute Market Size, by Region, 2021-2027 (Tons)
9 Meat Substitutes Market, by Type
9.1 Introduction
Figure 34 Meat Substitutes Market Size, by Type, 2021 Vs. 2027 (USD Million)
Table 50 Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 51 Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
9.1.1 COVID-19 Impact On the Meat Substitutes Market, by Type
9.1.1.1 Optimistic scenario
Table 52 Optimistic Scenario: Meat Substitutes Market Size, by Type, 2019-2022 (USD Million)
9.1.1.2 Realistic scenario
Table 53 Realistic Scenario: Meat Substitutes Market Size, by Type, 2019-2022 (USD Million)
9.1.1.3 Pessimistic scenario
Table 54 Pessimistic Scenario: Meat Substitutes Market Size, by Type, 2019-2022 (USD Million)
9.2 Concentrates
9.2.1 Lower Price of Concentrates To Boost Its Demand In the Meat Substitutes Market
Table 55 Concentrates: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 56 Concentrates: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
9.3 Isolates
9.3.1 Isolates Are the Purest form of Protein and A Type With the Highest Amount of Protein
Table 57 Isolates: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 58 Isolates: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
9.4 Textured
9.4.1 Textured Protein To Witness High Growth Due To Its Resemblance With Conventional Meat In Terms of Texture
Table 59 Textured: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 60 Textured: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
10 Meat Substitutes Market, by form
10.1 Introduction
Figure 35 Meat Substitutes Market Size, by form, 2021 Vs. 2027 (USD Million)
Table 61 Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 62 Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
10.1.1 COVID-19 Impact On the Meat Substitutes Market, by form
10.1.1.1 Optimistic scenario
Table 63 Optimistic Scenario: Meat Substitutes Market Size, by form, 2019-2022 (USD Million)
10.1.1.2 Realistic scenario
Table 64 Realistic Scenario: Meat Substitutes Market Size, by form, 2019-2022 (USD Million)
10.1.1.3 Pessimistic scenario
Table 65 Pessimistic Scenario: Meat Substitutes Market Size, by form, 2019-2022 (USD Million)
10.2 Solid
10.2.1 Solid form of Proteins Is Preferred Because It Is Easier To Store and Handle
Table 66 Solid: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 67 Solid: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
10.3 Liquid
10.3.1 Demand for Liquid Plant Proteins To Be Low In the Future As they Do Not Provide Convenience To Manufacturers
Table 68 Liquid: Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 69 Liquid: Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
11 Meat Substitutes Market, by Category
11.1 Introduction
11.2 Frozen
11.2.1 Freezing Meat Substitutes Help In Preserving their Nutritional Value
11.3 Refrigerated
11.3.1 Refrigerated Meat Substitutes Are Being Preferred by Consumers As they Are Fresher As Compared To Frozen Products
11.4 Shelf Stable
11.4.1 Shelf-Stable Meat Alternatives Is A Category Explored by Various Startups
12 Meat Substitutes Market, by Region
12.1 Introduction
Figure 36 Regional Snapshot: Germany and Singapore To Account for the Highest CAGR In the Meat Substitutes Market In 2020
Table 70 Meat Substitutes Market Size, by Region, 2017-2020 (USD Million)
Table 71 Meat Substitutes Market Size, by Region, 2021-2027 (USD Million)
Table 72 Meat Substitutes Market Size, by Region, 2017-2020 (Kt)
Table 73 Meat Substitutes Market Size, by Region, 2021-2027 (Kt)
12.2 COVID-19 Impact On the Meat Substitutes Market, by Region
12.2.1 Optimistic Scenario
Table 74 Optimistic Scenario: Meat Substitutes Market Size, by Region, 2019-2022 (USD Million)
12.2.2 Realistic Scenario
Table 75 Realistic Scenario: Meat Substitutes Market Size, by Region, 2019-2022 (USD Million)
12.2.3 Pessimistic Scenario
Table 76 Pessimistic Scenario: Meat Substitutes Market Size, by Region, 2019-2022 (USD Million)
12.3 North America
Figure 37 North America: Meat Substitutes Market Snapshot
Table 77 North America: Meat Substitutes Market Size, by Country, 2017-2020 (USD Million)
Table 78 North America: Meat Substitutes Market Size, by Country, 2021-2027 (USD Million)
Table 79 North America: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 80 North America: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 81 North America: Meat Substitutes Market Size, by Source, 2017-2020 (Kt)
Table 82 North America: Meat Substitutes Market Size, by Source, 2021-2027 (Kt)
Table 83 North America: Meat Substitutes Market Size, by Product, 2017-2020 (USD Million)
Table 84 North America: Meat Substitutes Market Size, by Product, 2021-2027 (USD Million)
Table 85 North America: Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 86 North America: Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
Table 87 North America: Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 88 North America: Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
12.3.1 United States
12.3.1.1 Shift of focus to pea protein by key players
12.3.1.2 Increasing veganism in the country
Table 89 United States: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 90 United States: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.3.2 Canada
12.3.2.1 High-growth potential with supporting government initiatives
12.3.2.2 Consumer shift toward plant-based protein products
Table 91 Canada: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 92 Canada: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.3.3 Mexico
12.3.3.1 An untapped market owing to the high prices of plant-based protein in the country
Table 93 Mexico: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 94 Mexico: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4 Europe
Table 95 Europe: Meat Substitutes Market Size, by Country, 2017-2020 (USD Million)
Table 96 Europe: Meat Substitutes Market Size, by Country, 2021-2027 (USD Million)
Table 97 Europe: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 98 Europe: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 99 Europe: Meat Substitutes Market Size, by Source, 2017-2020 (Kt)
Table 100 Europe: Meat Substitutes Market Size, by Source, 2021-2027 (Kt)
Table 101 Europe: Meat Substitutes Market Size, by Product, 2017-2020 (USD Million)
Table 102 Europe: Meat Substitutes Market Size, by Product, 2021-2027 (USD Million)
Table 103 Europe: Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 104 Europe: Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
Table 105 Europe: Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 106 Europe: Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
12.4.1 Germany
12.4.1.1 Rising trend of veganism and government support for the meat alternatives market to drive the market growth
Table 107 Germany: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 108 Germany: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.2 United Kingdom
12.4.2.1 Entry of major players in the meat substitutes market to attract consumers
Table 109 United Kingdom: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 110 United Kingdom: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.3 France
12.4.3.1 Awareness about the drawbacks of animal-based meat to shift the inclination of consumers toward plant-based meat
Table 111 France: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 112 France: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.4 Italy
12.4.4.1 Entry of key players in the Italian vegan market to drive the growth of meat substitutes
Table 113 Italy: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 114 Italy: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.5 Spain
12.4.5.1 Production and promotion of plant-based meat by numerous companies to drive the growth of the meat substitutes market
Table 115 Spain: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 116 Spain: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.6 Netherlands
12.4.6.1 Market for meat substitutes in the country at an extremely nascent stage
Table 117 Netherlands: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 118 Netherlands: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.4.7 Rest of Europe
Table 119 Rest of Europe: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 120 Rest of Europe: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.5 Asia Pacific
Figure 38 Asia Pacific: Meat Substitutes Market Snapshot
Table 121 Asia Pacific: Meat Substitutes Market Size, by Country, 2017-2020 (USD Million)
Table 122 Asia Pacific: Meat Substitutes Market Size, by Country, 2021-2027 (USD Million)
Table 123 Asia Pacific: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 124 Asia Pacific: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 125 Asia Pacific: Meat Substitutes Market Size, by Source, 2017-2020 (Kt)
Table 126 Asia Pacific: Meat Substitutes Market Size, by Source, 2021-2027 (Kt)
Table 127 Asia Pacific: Meat Substitutes Market Size, by Product, 2017-2020 (USD Million)
Table 128 Asia Pacific: Meat Substitutes Market Size, by Product, 2021-2027 (USD Million)
Table 129 Asia Pacific: Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 130 Asia Pacific: Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
Table 131 Asia Pacific: Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 132 Asia Pacific: Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
12.5.1 China
12.5.1.1 Relatively fragmented market with multiple startups developing generic plant proteins
Table 133 China: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 134 China: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.5.2 Japan
12.5.2.1 Inclination of Japanese consumers toward cultured meat products
Table 135 Japan: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 136 Japan: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.5.3 Singapore
12.5.3.1 Key players entering the market as consumers accepted meat substitute products
Table 137 Singapore: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 138 Singapore: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.5.4 Australia & New Zealand
12.5.4.1 Health benefits offered by vegan meat attract consumers
Table 139 Australia & New Zealand: Meat Substitutes Market Size, by Source, 2017-2020 (USD Thousand)
Table 140 Australia & New Zealand: Meat Substitutes Market Size, by Source, 2021-2027 (USD Thousand)
12.5.5 Rest of Asia Pacific
Table 141 Rest of Asia Pacific: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 142 Rest of Asia Pacific: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.6 South America
Table 143 South America: Meat Substitutes Market Size, by Country, 2017-2020 (USD Million)
Table 144 South America: Meat Substitutes Market Size, by Country, 2021-2027 (USD Million)
Table 145 South America: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 146 South America: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 147 South America: Meat Substitutes Market Size, by Source, 2017-2020 (Kt)
Table 148 South America: Meat Substitutes Market Size, by Source, 2021-2027 (Kt)
Table 149 South America: Meat Substitutes Market Size, by Product, 2017-2020 (USD Million)
Table 150 South America: Meat Substitutes Market Size, by Product, 2021-2027 (USD Million)
Table 151 South America: Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 152 South America: Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
Table 153 South America: Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 154 South America: Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
12.6.1 Brazil
12.6.1.1 Increasing investments in plant-based meat by key players to remain high in this market
12.6.1.2 Rising consumer preference for plant-based proteins
Table 155 Brazil: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 156 Brazil: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.6.2 Argentina
12.6.2.1 Argentina to offer growth opportunities for meat alternative manufacturers
Table 157 Argentina: Meat Substitutes Market Size, by Source, 2017-2020 (USD Thousand)
Table 158 Argentina: Meat Substitutes Market Size, by Source, 2021-2027 (USD Thousand)
12.6.3 Rest of South America
Table 159 Rest of South America: Meat Substitutes Market Size, by Source, 2017-2020 (USD Thousand)
Table 160 Rest of South America: Meat Substitutes Market Size, by Source, 2021-2027 (USD Thousand)
12.7 Rest of the World
Table 161 RoW: Meat Substitutes Market Size, by Country, 2017-2020 (USD Million)
Table 162 RoW: Meat Substitutes Market Size, by Country, 2021-2027 (USD Million)
Table 163 RoW: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 164 RoW: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
Table 165 RoW: Meat Substitutes Market Size, by Source, 2017-2020 (Ton)
Table 166 RoW: Meat Substitutes Market Size, by Source, 2021-2027 (Ton)
Table 167 RoW: Meat Substitutes Market Size, by Product, 2017-2020 (USD Thousand)
Table 168 RoW: Meat Substitutes Market Size, by Product, 2021-2027 (USD Thousand)
Table 169 RoW: Meat Substitutes Market Size, by form, 2017-2020 (USD Million)
Table 170 RoW: Meat Substitutes Market Size, by form, 2021-2027 (USD Million)
Table 171 RoW: Meat Substitutes Market Size, by Type, 2017-2020 (USD Million)
Table 172 RoW: Meat Substitutes Market Size, by Type, 2021-2027 (USD Million)
12.7.1 United Arab Emirates
12.7.1.1 Increasing industrialization to lead to growth in the food industry
Table 173 United Arab Emirates: Meat Substitutes Market Size, by Source, 2017-2020 (USD Thousand)
Table 174 United Arab Emirates: Meat Substitutes Market Size, by Source, 2021-2027 (USD Thousand)
12.7.2 South Africa
12.7.2.1 Introduction of affordable range of plant-based meat products by key players in South Africa
Table 175 South Africa: Meat Substitutes Market Size, by Source, 2017-2020 (USD Million)
Table 176 South Africa: Meat Substitutes Market Size, by Source, 2021-2027 (USD Million)
12.7.3 Rest of Middle East & Africa
Table 177 Rest of Middle East & Africa: Meat Substitutes Market Size, by Source, 2017-2020 (USD Thousand)
Table 178 Rest of Middle East & Africa: Meat Substitutes Market Size, by Source, 2021-2027 (USD Thousand)
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2020
Table 179 Meat Substitutes Market Share Analysis, 2020
13.3 Revenue Analysis of Key Players
Figure 39 Revenue Analysis of Key Players In the Market, 2018-2020 (USD Billion)
13.4 COVID-19-Specific Company Response
13.5 Company Evaluation Quadrant (Key Players)
13.5.1 Stars
13.5.2 Pervasive Players
13.5.3 Emerging Leaders
13.5.4 Participants
Figure 40 Meat Substitutes Market, Company Evaluation Quadrant, 2020 (Overall Market)
13.5.5 Product Footprint
Table 180 Company Footprint, by Type
Table 181 Company Footprint, by Source
Table 182 Company Regional, by Footprint
Table 183 Overall Company Footprint
13.6 Meat Substitutes Market, Start-Up/SME Evaluation Quadrant, 2020
13.6.1 Progressive Companies
13.6.2 Starting Blocks
13.6.3 Responsive Companies
13.6.4 Dynamic Companies
Figure 41 Meat Substitutes Market: Company Evaluation Quadrant, 2020 (Start-Up/SMEs)
13.7 Competitive Scenario
13.7.1 New Product Launches
Table 184 Meat Substitutes Market: New Product Launches, 2019-2021
13.7.2 Deals
Table 185 Meat Substitutes Market: Deals, 2019-2021
13.7.3 Expansions and Investments
Table 186 Meat Substitutes Market: Expansions, 2018-2020
14 Company Profiles
14.1 Key Players
(Business overview, Products offered, Recent Developments, Mnm view)*
14.1.1 Ingredion Incorporated
Table 187 Ingredion Incorporated: Business Overview
Figure 42 Ingredion Incorporated: Company Snapshot
Table 188 Ingredion Incorporated: Products offered
Table 189 Ingredion Incorporated: New Product Launches
Table 190 Ingredion Incorporated: Deals
Table 191 Ingredion Incorporated: Others
14.1.2 ADM
Table 192 ADM: Business Overview
Figure 43 ADM: Company Snapshot
Table 193 ADM: Products offered
Table 194 ADM: Deals
Table 195 ADM: Others
14.1.3 Dupont
Table 196 Dupont: Business Overview
Figure 44 Dupont: Company Snapshot
Table 197 Dupont: Products offered
Table 198 Dupont: New Product Launches
14.1.4 Kerry Group
Table 199 Kerry Group: Business Overview
Figure 45 Kerry Group: Company Snapshot
Table 200 Kerry Group: Products offered
Table 201 Kerry Group: Deals
14.1.5 Roquette Frères
Table 202 Roquette Frères: Business Overview
Table 203 Roquette Frères: Products offered
Table 204 Roquette Frères: New Product Launches
14.1.6 The Nisshin Oillio Group, Ltd.
Table 205 The Nisshin Oillio Group, Ltd.: Business Overview
Figure 46 The Nisshin Oillio Group, Ltd.: Company Snapshot
Table 206 The Nisshin Oillio Group, Ltd.: Products offered
14.1.7 Cargill
Table 207 Cargill: Business Overview
Figure 47 Cargill: Company Snapshot
Table 208 Cargill: Products offered
Table 209 Cargill: New Product Launches
Table 210 Cargill: Others
14.1.8 Batory Foods
Table 211 Batory Foods: Business Overview
Table 212 Batory Foods: Products offered
Table 213 Batory Foods: Deals
14.1.9 Wilmar International Limited
Table 214 Wilmar International Limited: Business Overview
Figure 48 Wilmar International Limited: Company Snapshot
Table 215 Wilmar International Limited: Products offered
Table 216 Wilmar International Limited: Others
14.1.10 Crespel & Deiters
Table 217 Crespel & Deiters: Business Overview
Table 218 Crespel & Deiters: Products offered
14.2 Start-Ups/SMEs
14.2.1 A&B Ingredients
Table 219 A&B Ingredients: Business Overview
Table 220 A&B Ingredients: Products offered
14.2.2 All Organic Treasures GmbH
Table 221 All Organic Treasures GmbH: Business Overview
Table 222 All Organic Treasures GmbH: Products offered
14.2.3 Sonic Biochem Ltd.
Table 223 Sonic Biochem Ltd.: Business Overview
Table 224 Sonic Biochem Ltd.: Products offered
14.2.4 Puris
Table 225 Puris: Business Overview
Table 226 Puris: Products offered
14.2.5 Sotexpro S.A
14.2.6 Axiom Foods
14.2.7 The Green Labs Llc
14.2.8 Shandong Jianyuan Group
14.2.9 ET Chem
14.2.10 Beneo
14.3 Long List of Companies
Details on Business overview, Products offered, Recent Developments, Mnm view might not be captured in case of unlisted companies.
15 Adjacent and Related Markets
15.1 Introduction
Table 227 Adjacent Markets To Meat Substitutes
15.2 Limitations
15.3 Dairy Alternatives Market
15.3.1 Market Definition
15.3.2 Market Overview
Table 228 Dairy Alternatives Market Size, by Source, 2018-2026 (USD Million)
15.4 Plant-Based Meat Market
15.4.1 Market Definition
15.4.2 Market Overview
Table 229 Plant-Based Meat Market Size, by Type, 2018-2025 (USD Million)
16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: The Subscription Portal
16.3 Available Customizations
16.4 Related Reports
16.5 Author Details
Note: Product cover images may vary from those shown
  • A&B Ingredients
  • ADM
  • All Organic Treasures GmbH
  • Axiom Foods
  • Batory Foods
  • Beneo
  • Cargill
  • Crespel & Deiters
  • DuPont
  • ET Chem
  • Ingredion Incorporated
  • Kerry Group
  • Puris
  • Roquette Frères
  • Shandong Jianyuan Group
  • Sonic Biochem Ltd.
  • Sotexpro S.A
  • The Green Labs Llc
  • The Nisshin Oillio Group, Ltd.
  • Wilmar International Limited
Note: Product cover images may vary from those shown

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