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[ 英語タイトル ] Meat Substitutes Market by Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein (TVP), Seitan, and Quorn), Source (Soy, Wheat, and Mycoprotein), Category (Frozen, Refrigerated, and Shelf-Stable), and Region - Global Forecast to 2023


Product Code : MNMFMCG00109345
Survey : MarketsandMarkets
Publish On : February, 2021
Category : FMCG and Food
Study Area : Global
Report format : PDF
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[Report Description]

“The meat substitutes market is projected to grow at a CAGR of 6.8%.”

The meat substitutes market is estimated at USD 4.63 billion in 2018 and is projected to reach USD 6.3 billion by 2023. It is projected to grow at a CAGR of 6.8% during the study period. The market is primarily driven by factors such as changing trends toward healthy diets, which has led to an increased demand for clean-label products, such as plant-sourced proteins that include tofu and seitan.

Another growth factor can be the increased preference for vegetarian and vegan foods. As a result of the vegetarian and vegan food trends, retailers such as Tesco are increasing the availability of meat-free food products in the market. This scenario has led to the demand for meat substitutes. Factors such as global climatic conditions that affect the production of raw materials such as soy and wheat act as major restraints of the meat substitutes market. The increasing prices of raw materials are an important concern for the meat substitute manufacturers, and this consequently acts as a restraint to the meat substitutes market.

“The shelf-stable segment is projected to grow at the highest rate during the forecast period.”

On the basis of category meat substitute products that are shelf stable are projected to grow at the highest CAGR among other storage categories. The demand for shelf-stable meat substitutes is increasing gradually, as frozen products are more expensive and consumers are seeking fresh or freshly prepared food products.

“Tempeh is projected to be the fastest-growing segment during the forecast period.”

Based on type, the tempeh segment is projected to be the fastest-growing during the forecast period. Tempeh offers health benefits such as higher antibody count, reduction in sugar levels in the body, muscle building, reduced risk of diabetes, and lower cholesterol levels in the body. There is considerable potential for tempeh in developed countries such as Canada, where people are becoming aware of the health benefits offered by fermented food products, encouraging manufacturers to offer new tempeh products in the market.

“On the basis of source wheat-based meat substitutes are projected to form the fastest-growing market during the forecast period.”

Based on the source of the meat substitute, wheat-based meat substitutes are projected to form the fastest-growing segment. Wheat proteins are highly cost-effective and find applications in food products such as burgers patties, nuggets, and vegetarian sausages; these innovational applications make wheat the most highly adopted source of wheat substitutes over the projection period, among others.

“Asia Pacific is projected to register the highest growth rate during the forecast period.”
Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Industrial growth and improvements in the food industry have opened new opportunities for the meat substitutes market in this region. Also, non-meat-based meals are already popular in Asia, with tofu used extensively in Asian cuisine and bean-based congees widely consumed in countries such as China. This makes the Asia Pacific region the fastest-growing potential market for meat substitutes.
Break-up of Primaries:
 By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
 By Designation: C-level Executives - 25%, Director-level - 40%, and Others - 35%
 By Region: North America - 38%, Europe - 25%, Asia Pacific - 31%, and RoW - 6%

The key players profiled in this report are as follows:

• ADM (US)
• DuPont (US)
• The Nisshin OilliO Group (Japan)
• Sonic Biochem Limited (India)
• MGP Ingredients (US)
• Garden Protein International (Canada)
• Beyond Meat (US)
• Amy's Kitchen (US)
• Quorn Foods (UK)
• MorningStar Farms (US)
• Meatless (Netherlands)
• VBites (UK

Research Coverage:
The report segments the meat substitutes market on the basis of source, type, category, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, 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, government initiatives, 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 portfolios, and key strategies adopted by them
• To gain insights about the key countries/regions in which the meat substitutes market is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.4 YEAR CONSIDERED 16
1.5 CURRENCY CONSIDERED 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primary interviews 19
2.1.2.2 Key industry insight 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 TOP-DOWN APPROACH 21
2.2.2 BOTTOM-UP APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS 24
2.5 RESEARCH LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE MEAT SUBSTITUTES MARKET 31
4.2 MEAT SUBSTITUTES MARKET, BY TYPE 32
4.3 MEAT SUBSTITUTES MARKET, BY SOURCE 33
4.4 ASIA PACIFIC MEAT SUBSTITUTES MARKET, BY APPLICATION & COUNTRY 34
4.5 MEAT SUBSTITUTES MARKET SHARE, BY CATEGORY 35
4.6 DEVELOPED VS. EMERGING MARKETS FOR MEAT SUBSTITUTES, BY COUNTRY 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Rising health concerns as a result of increasing obesity levels brought on by the consumption of meat product 38
5.2.1.2 Health benefits of meat substitutes 38
5.2.1.3 Increased preference for vegetarian and vegan foods 39
5.2.2 RESTRAINTS 39
5.2.2.1 Ill effects of consuming meat substitutes 39
5.2.3 OPPORTUNITIES 40
5.2.3.1 Exploring technological advancements to develop new product lines 40
5.2.3.2 Growth potential in the Asia Pacific market 40
5.2.4 CHALLENGES 41
5.2.4.1 Perception of taste 41
5.2.4.2 Genetically modified soybeans 41
5.3 SUPPLY CHAIN ANALYSIS 42
5.4 REGULATORY ENVIRONMENT 42
6 MEAT SUBSTITUTES MARKET, BY TYPE 44
6.1 INTRODUCTION 45
6.2 TOFU & TOFU INGREDIENTS 46
6.3 TEMPEH 48
6.4 TEXTURED VEGETABLE PROTEIN (TVP) 49
6.5 OTHER SOY PRODUCTS 50
6.6 SEITAN 51
6.7 QUORN 51
6.8 OTHER TYPES OF MEAT SUBSTITUTES 52
7 MEAT SUBSTITUTES MARKET, BY SOURCE 55
7.1 INTRODUCTION 56
7.2 SOY 56
7.3 WHEAT 57
7.4 MYCOPROTEIN 58
7.5 OTHER SOURCES OF MEAT SUBSTITUTES 58
8 MEAT SUBSTITUTES MARKET, BY CATEGORY 60
8.1 INTRODUCTION 61
8.2 FROZEN 61
8.3 REFRIGERATED 62
8.4 SHELF-STABLE 63
9 MEAT SUBSTITUTES MARKET, BY REGION 64
9.1 INTRODUCTION 65
9.2 NORTH AMERICA 67
9.2.1 US 69
9.2.2 CANADA 70
9.2.3 MEXICO 71

9.3 EUROPE 72
9.3.1 GERMANY 76
9.3.2 UK 77
9.3.3 SPAIN 78
9.3.4 FRANCE 79
9.3.5 ITALY 80
9.3.6 NETHERLANDS 81
9.3.7 REST OF EUROPE 82
9.4 ASIA PACIFIC 83
9.4.1 CHINA 87
9.4.2 INDIA 88
9.4.3 JAPAN 89
9.4.4 AUSTRALIA & NEW ZEALAND 90
9.4.5 REST OF ASIA PACIFIC 91
9.5 REST OF THE WORLD (ROW) 92
9.5.1 BRAZIL 94
9.5.2 ARGENTINA 95
9.5.3 SOUTH AFRICA 96
9.5.4 OTHERS IN ROW 97
10 COMPETITIVE LANDSCAPE 98
10.1 OVERVIEW 98
10.2 RANKING ANALYSIS 99
10.3 KEY MARKET STRATEGIES 99
10.4 NEW PRODUCT LAUNCHES 100
10.5 EXPANSIONS & INVESTMENTS 101
10.6 ACQUISITIONS 102
10.7 MERGERS 102
11 COMPANY PROFILES 103
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
11.1 ADM 103
11.2 DUPONT 107
11.3 THE NISSHIN OLLIO GROUP 110
11.4 SONIC BIOCHEM LIMITED 112
11.5 MGP INGREDIENTS 114
11.6 GARDEN PROTEIN INTERNATIONAL 117
11.7 BEYOND MEAT 119
11.8 AMY’S KITCHEN 121

11.9 QUORN FOODS 123
11.10 MORNINGSTAR FARMS 125
11.11 MEATLESS 127
11.12 VBITES 128
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 129
12.1 DISCUSSION GUIDE 129
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 132
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 134
12.4 AVAILABLE CUSTOMIZATIONS 135
12.5 RELATED REPORTS 136
12.6 AUTHOR DETAILS 137

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