An Incisive, In-depth Analysis on the Meat Substitutes Market
This study offers a comprehensive, 360 degree analysis on the Meat Substitutes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Meat Substitutes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Growth Influencers - Meat Substitutes Market
Increasing Demand from Sports Nutrition Industry
A vegan diet fits well into an athlete’s training plan as it tends to be higher in carbohydrates, which is essential for athletes. Vegan sources of protein include quinoa, peanut butter, protein-enriched pasta, brown rice, tofu, soymilk, nuts, tempeh, beans, and peas. Vegan food includes numerous health benefits such as rich in certain nutrients, helps in weight management, protect against certain cancer, lowers risk of heart diseases, reduce pain from arthritis, and many others. Owing to an increase in awareness about the health benefits associated with the consumption of meat substitutes, most athletes are now switching to vegan diets.
- The Game Changers, a new pro-vegan documentary, dismisses myths on the necessity of meat consumption to ensure best athletic performance. This has led to many players and celebrities switching to vegan diets
Increasing Inclination Towards Healthier Meat Substitutes
Rise in consumption of fast food has led to an alarming rate of obesity. Developed countries like the U.S., France, the U.K., and others are facing obesity as one of the chronic disorders affecting their population.
- Google Trends show that a remarkable global rise in the interest in veganism has been witnessed from 2004 to 2018. Top regions include Australia, Israel, Austria, Canada, and New Zealand. Seven percent or about 3.5 million people now identify as vegan in Great Britain. Although the U.K. and the U.S. round out the top 3 vegan countries by %, the first spot is taken by India with veganism covering 27% of the population.
Regulatory bodies in these countries are taking measures to make improvements in the food industry, particularly regarding nutritional content in processed meat products. Meat substitutes are widely preferred over conventional meat options, as they increase protein content in food, without increasing cholesterol levels. Obesity is anticipated to become an epidemic and an enormous challenge to the public health sector, as it is witnessing a sharp increase and affecting most of the population from infants to adults.
Ethical Consumerism Augmenting Uptake of Meat Substitutes
Internet and smartphone proliferation has elevated consumer awareness regarding how their consumption patterns impact the environment. Animal cruelty and health issues largely influence buying decisions of consumers, especially in developed regions such as North America and Europe. This has resulted in a sudden and excessive demand in the organic and natural products sector.
Other such consumer attitudes, such as protesting animal cruelty, reducing carbon emissions, and the conservation of water (a large quantity of water is utilized for meat production/processing), which will culminate in a high consumption of meat substitutes in the foreseeable. Besides, a spurt in population growth is also likely to create the need for substitute foods.
Reinforced Supply Chain in Developed Regions
The trend for better substitutes for dairy and meat is currently gaining momentum in the Western and North American markets. Hence, a large number of meat substitutes are expected to be developed in this region over the forecast period. The market is expected to witness a cultural exchange as Asia is expected to maintain its dominance for meat substitutes, which originate from Western cultures, while consumers from the West may explore traditional Asian meat substitutes, such as tofu, while exploring new variants in meat substitutes.
Meat Substitutes Market Structure Analysis
- The global meat substitutes market is growing, with a lot of local and regional players dominating the market.
- Manufacturers are turning their focus towards the development and production of laboratory cultured (grown) meat and 3D printed meat in an attempt to offer products which are produced with consideration towards animal wellbeing.
- A considerable number of new market entrants, particularly in the plant-based meat sector, are operating through acquisitions of small- or medium-sized meat substitute businesses that have an established position in regional or domestic markets.
- In developed regions, trademark holders are aggressively expanding their portfolios to include meat substitutes. Around 75% of the Vegan Trademark business originates from Germany having the most Trademark holders, followed by Italy & Spain. Vegan Trademark covers 53 countries around the world.
Meat Substitutes Market Analysis 2019 - 2026
A recent market study published by Future Market Insights on the meat substitutes market offers global industry analysis for 2013 - 2018 & opportunity assessment for 2019 - 2026. The study offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the meat substitutes market, growth prospects of the market are obtained with maximum precision.
Meat Substitutes Market: Segmentation
The global meat substitutes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Chapter 01 - Executive Summary
The executive summary of the meat substitutes market includes the country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global meat substitutes market.
Chapter 02 - Market Introduction
Readers can find the detailed segmentation and definition of the meat substitutes market in this chapter, which will help them understand basic information about the meat substitutes market. This section also highlights the inclusions and exclusions, which helps readers understand the scope of the meat substitutes market report.
Chapter 03 - Global Meat Substitutes: Overview
Readers can find the detailed segmentation and definition of the meat substitutes market in this chapter. The associated industry assessment of the meat substitutes market is also carried out such as market trends, market dynamics, and supply and value chain. Consumers’ perception on meat substitutes are explained in consumer survey analysis and social media sentiment analysis in this chapter.
Chapter 04 - Global Meat Substitutes Market Analysis and Forecast 2012 - 2026
This chapter explains how the meat substitutes market is projected to grow across the globe in various segments. The report includes meat alternatives market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC and MEA. By source, the global meat alternatives market is segmented as soy-based meat alternatives, wheat-based meat alternatives, mycoprotein-based meat alternatives, and other sources of meat alternatives. By product type the market is segmented as tofu, tempeh, seitan, RTC/RTE, natto, and others. Furthermore, by category, the global meat alternatives market is segmented into frozen and refrigerated. By distribution channel, the market is segmented into direct and indirect.
Chapter 05 - North America Meat Substitutes Market Analysis 2013 - 2018 & Forecast 2019 - 2026
This chapter includes a detailed analysis of the growth of the market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth prospects based on end users and countries in the North America region.
Chapter 06 - Latin America Meat Substitutes Market Analysis 2013 - 2018 & Forecast 2019 - 2026
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the meat substitutes market in the Latin America region. This chapter also includes the growth prospects of the meat substitutes market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Chapter 07 -Europe Meat Substitutes Market 2013 - 2018 & Forecast 2019 - 2026
Important growth prospects of the meat substitutes market based on its end users in several countries such as EU5, Nordic, Russia, Poland, and the Rest of Europe are included in this chapter.
Chapter 08 - Asia Pacific Meat Substitutes Market 2013 - 2018 & Forecast 2019 - 2026
This chapter includes a detailed analysis of the growth of the meat substitutes market in the Asia Pacific region, along with a country-wise assessment that includes China, India, Japan, Australia and New Zealand, and the Rest of APAC. Readers can also find regional trends, regulations, and market growth prospects based on end users and countries in the Asia Pacific region.
Chapter 9 - Middle East and Africa Meat Substitutes Market 2013 - 2018 & Forecast 2019 - 2026
This chapter provides information about how the meat substitutes market is anticipated to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and the Rest of MEA, during the forecast period 2019 - 2026.
Chapter 10 - Competitive Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the meat substitutes market along with their market presence analysis by region and product portfolio. Readers can also find a comprehensive list of all leading stakeholders in the meat substitutes, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Turtle Island Foods, Inc., Nutrisoy Pty Ltd, Pinnacle Foods, Inc., Amy's Kitchen Inc., Atlantic Natural Foods, LLC, Impossible Foods Inc., The Hain Celestial Group, Inc., Beyond Meat Inc., Pacific Foods of Oregon, Inc., Monde Nissin Corporation, Kellogg Company, Fry Group Foods (Pty) Ltd., Nasoya Foods, Inc., Hügli Holding AG, Sweet Earth, Inc., VBites Food ltd., The Kraft Heinz Company, Schouten Europe B.V., Lightlife Foods Inc., and Taifun-Tofu GmbH., and many others.
Chapter 11 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the meat substitutes report.
Chapter 12 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the meat substitutes market.
Sources and Primary Research Splits (%)
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- World Health Organization
- American Public Health Association
- Center for Disease Control and Prevention
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites