Global Meat Substitutes
Market Report
2024
The global Meat Substitutes market size is USD 4041.3 billion in 2024. The Meat Substitutes market will show strongest growth with a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031. This growth can be attributed to increasing dependence on automated technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Meat Substitutes market size is USD 4041.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Meat Substitutes Market Sales Revenue 2030 | $ 9.59 Billion |
Global Meat Substitutes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.79% |
Market Split by Product |
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Market Split by Source |
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Market Split by Form |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Meat Substitutes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The meat substitutes market includes items that replicate the taste, texture, and nutritional profile of meat but are plant-based or generated from other sources such as fungi or algae. These items are aimed at people looking for healthier, more environmentally friendly, or ethical options. One key driver of this market is rising consumer health consciousness, which has resulted in a trend towards healthier diets. Growing concerns about sustainability and animal welfare drive demand, as well as innovation in food technology, which continuously enhances the flavor and texture of meat alternatives, making them more acceptable to a broader audience.
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In April 2023, ADM announced its new cutting-edge, plant-based innovation lab, located in ADM's Biopolis research hub in Singapore. The new lab enabled the company to develop next-level, on-trend, and nutritious products, catering to the needs of the Asia Pacific market. (Source: ADM-Advances-Protein-Innovation-with-Opening-of-New-Plant-based-Lab-in-Singapore | ADM)
Top Companies Market Share in Meat Substitutes Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In North America, the meat replacements market is being driven by rising health awareness and environmental concerns. The region has an increasing demand for plant-based protein products, driven by customer preferences for sustainable and healthier dietary choices, which significantly influence market growth.
The Asia-Pacific meat replacements industry is expanding, mainly to rising health consciousness and environmental concerns. Countries such as China, India, and Japan are major players, embracing plant-based proteins and alternative meat products to fulfill dietary preferences and environmental objectives.
The current report Scope analyzes Meat Substitutes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Meat Substitutes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Meat Substitutes Industry growth. Meat Substitutes market has been segmented with the help of its Product, Source Form, and others. Meat Substitutes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, tofu is the dominant category. Tofu, known for its versatility and nutritional benefits, is popular in the meat alternatives market, which is divided into product segments. Tofu made from soybeans has a high protein level, making it a popular choice among vegans and health-conscious consumers. Its adaptability makes it suitable for a wide range of culinary applications, including stir-fries and desserts. In the changing landscape of plant-based diets, tofu remains a cornerstone, admired not only for its taste and texture, but also for its commitment to sustainable food practices.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Meat Substitutes Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Meat Substitutes from 2019 to 2031. This will also help to analyze the demand for Meat Substitutes across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Source of Meat Substitutes are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Meat Substitutes Market is witnessing significant growth in the near future.
In 2023, the Tofu segment accounted for noticeable share of global Meat Substitutes Market and is projected to experience significant growth in the near future.
The Isolates segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ADM (US) , DuPont (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Product | Tofu, Tempeh, Seitan, Quorn, Other types |
Source | Isolates, Concentrates, Textured |
Form | Solid, Liquid |
List of Competitors | ADM (US), Ingredion Incorporated (US), DuPont (US), Kerry Group (Ireland), Roquette Frères (France) |
This chapter will help you gain GLOBAL Market Analysis of Meat Substitutes. Further deep in this chapter, you will be able to review Global Meat Substitutes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Source Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Form Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Meat Substitutes market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Tofu have a significant impact on Meat Substitutes market? |
What are the key factors affecting the Tofu and Tempeh of Meat Substitutes Market? |
What is the CAGR/Growth Rate of Isolates during the forecast period? |
By type, which segment accounted for largest share of the global Meat Substitutes Market? |
Which region is expected to dominate the global Meat Substitutes Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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