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Meat Substitute Market

Release date:

Sep-2020

Region:

global

Research Code:MRFB - 104267

Sku:MRFB - 104267

Meat Substitute Market by Product Type (Tofu, TVP, Burger Patties, Sausages, Meatballs, Nuggets), Source (Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) - Global Forecast To 2027

  • Report ID: MRFB - 104267
  • Pages: 161
  • Sep-2020
  • Formats*: PDF
  • Category: Food and Beverages
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The meat substitute market is expected to reach $17.5 billion by 2027, at a CAGR of 15.1% during the forecast period of 2020 to 2027. Due to the COVID-19 pandemic, there has been an exponential rise in demand for healthy protein foods. In addition, rising intolerance for animal protein, rising awareness about a healthy diet, increasing vegan population, and rising venture capital investments are the major factors accelerating the growth of this market. Moreover, the growing focus on R&D and new product launches by alternative protein manufacturers and growing demand from emerging economies are expected to create lucrative opportunities for players operating in this market.

Impact of COVID-19 on the Meat Substitute Market

The COVID-19 pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9th July 2020 (Source: European Centre for Disease Prevention and Control). This current situation has had a substantial impact on the traditional meat processing industry, which has led to many slaughterhouses closing shops due to disruption of the supply chain.

The meat supply in the U.S. is expected to be flogged by the COVID-19 outbreak, as major meat plants have been taken offline as factory workers have tested positive for the virus. It is estimated that meat plants responsible for 10% of all beef production in the U.S. and 25% of all pork production have closed in early 2020, with this having the potential to disrupt meat supply chains and lead to shortages. This potential shortage of meat supply is already leading to augment consumer demand for meat substitute in the U.S., with meat substitute sales reported to have jumped 200% in the country in April, compared to last year.

Meat Substitute Market

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Consumer Preference for Soy and Gluten-free Products

The “free-from” is one of the fastest-growing trends in niche foods. Soy and a gluten-free diet has quickly become the fastest-growing nutritional movements, which is gaining popularity for its health and therapeutic benefits. The increase in the use of soy and gluten-free food products is mainly attributed to rising food sensitivities, regional dietary preferences, and increasing diagnosis of coeliac diseases. For instance, many people have allergies and intolerance of soy protein resulting in eye irritation, stomach upsets, and other symptoms, which in some cases require hospitalization.

The increasing demand for gluten-free products is mainly associated with increasing instances of diseases. However, the number of people who actually need to avoid gluten for medical reasons is relatively small. As a result, some of the people are avoiding food products containing or fortified with soy and wheat ingredients. Thus, rising consumer preference towards soy-free food products across the globe restricts the growth of the soy and wheat protein-based meat substitutes market to some extent.

Key Findings in the Global Meat Substitute Market Study:

In 2020, the plant-based tofu segment dominated the global meat substitute market.

Based on product type, the tofu segment accounted for the largest share of the market due to its low cost, easy availability, and presence of a wide variety of tofu types and flavors. However, the burger patties segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing popularity and new product launches in the plant-based burger patties segment and their increasing availability in many restaurants.

The pea protein segment to witness the fastest growth during the forecast period.

Based on source, the pea protein segment is expected to grow at the fastest CAGR during the forecast period due to growing consumer desire to find sustainable and good tasting alternatives to animal-based proteins and growing investments from leading manufacturers.

In 2020, the business to customers segment dominated the global meat substitute market.

Based on distribution channel, the B2C segment commanded the largest share of the global meat substitute market in 2020. The large share of this market is mainly attributed to the growing number of supermarkets & hypermarkets, consumers preference for shopping from brick-and-mortar grocers, and increasing consumer preference for vegan food products.

The Asia-Pacific market is poised to grow at the highest CAGR during the forecast period

On the basis of region, the global meat substitute market is segmented into North America, Europe, APAC, Latin America, and the Middle and Africa. The APAC region is expected to grow at the highest CAGR during the forecast period. The rapid growth in urbanization, rising income levels, and growing awareness about the benefits of protein diet in daily nutrition are the drivers for this market.

Key Players

The meat substitute market is highly fragmented in nature with the presence of many small and medium-sized private companies in the market. Some of the key vendors operating in the global meat substitute market are Beyond Meat Inc. (U.S.), Impossible Foods Inc. (U.S.), Garden Protein International, Inc. (Canada), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Axiom Foods (U.S.), Lightlife Foods, Inc. (U.S.), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Atlantic Natural Foods LLC (U.S.), VBIte Food Ltd (U.K.), and Nutrisoy Pty Ltd. (Australia).

Scope of the report

Meat Substitute Market, by Product Type

  • Tofu
  • TVP
  • Tempeh
  • Seitan
  • Burger Patties
  • Sausages
  • Ground Meat
  • Meatballs
  • Nuggets
  • Crumbles
  • Others

Meat Substitute Marketby Source

  • Soy Protein
  • Almond Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
  • Others

Meat Substitute Market, by Distribution Channel

  • Business to Business
  • Business to Customers
    • Modern Groceries
    • Convenience Store
    • Specialty Store
    • Online Retail
    • Others

Meat Substitute Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • RoE
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • RoAPAC
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

What is the value of revenue generated from the sale of meat substitute products across the globe? At what rate their demand is expected to grow for the next 5-7 years?

The global meat substitute market is projected to reach $17.5 billion by 2027, at a CAGR of 15.1% during the forecast period.

Which product type is estimated to hold the major share of the market?

The plant-based tofu segment commanded the largest share of the overall meat substitute market in 2020. However, the plant-based burger patties segment is expected to grow at the fastest CAGR during the forecast period.

Which source of meat substitute showcases high growth opportunities for the players operating in the meat substitute market?

The soy protein segment is estimated to command the largest share of the overall meat substitute market in 2020. However, the pea protein segment is expected to grow with the fastest CAGR during the forecast period.

Which distribution channel segment is projected to create more traction in the global meat substitute market?

Based on distribution channel, the business-to-customers segment is projected to create more traction with the fastest CAGR during the forecast period, owing to the growing number of supermarkets & hypermarkets.

What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global meat substitute market?

Rising number of vegan food product launches, increasing health concerns, increasing vegan & vegetarian population, rising investments in plant-based meat product facilities, and rising technological advancements are the key drivers of this market. However, growing demand from emerging Asia-Pacific and Latin American economies are expected to create lucrative opportunities for players operating in this market

Who are the major players operating in the global meat substitute market?

The key players operating in the global meat substitute market are Beyond Meat Inc. (U.S.), Impossible Foods Inc. (U.S.), Garden Protein International, Inc. (Canada), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Axiom Foods (U.S.), Lightlife Foods, Inc. (U.S.), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Atlantic Natural Foods LLC (U.S.), VBIte Food Ltd (U.K.), and Nutrisoy Pty Ltd. (Australia).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

The emerging countries from Asia and Latin America are projected to offer significant growth opportunities for the vendors in this market due to rising shift of manufacturing industries to these regions with substantial availability of raw material, large population base, growing vegetarian population, and the increasing presence of global players.

1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency    
       1.3.    Key Stakeholders    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                 2.2.1.    Secondary Research    
                 2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                            2.3.1.1.    Bottom-Up Approach    
                            2.3.1.2.    Top-Down Approach    
                            2.3.1.3.    Growth Forecast    
       2.4.    Assumptions for the Study    
       2.5.    Limitations for the Study    

3.    Executive Summary    
       3.1.    Introduction    
       3.2.    Segment Analysis    
                 3.2.1.    Type Analysis    
                 3.2.2.    Source Analysis    
                 3.2.3.    Distribution Channel Analysis    
                             3.2.3.1.    B2C Distribution Channels Market    
                 3.2.4.    Regional Analysis    
                 3.2.5.    Competitive Landscape & Market Competitors    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Drivers    
                 4.2.1.    Increasing Intolerance for Animal Proteins    
                 4.2.2.    Growing Preference for Meat Substitute Products    
                 4.2.3.    Growing Investments in Meat Substitutes    
                 4.2.4.    Increasing Vegan and Vegetarian Population    
       4.3.    Restraints    
                 4.3.1.    Expensive Meat Substitutes    
                 4.3.2.    Preference for Animal-Based Products    
                 4.3.3.    Growing Preference for Soy and Gluten-Free Products    
       4.4.    Opportunities    
                 4.4.1.    Emerging Economies    
       4.5.    Trends    
                 4.5.1.    Mergers and Acquisitions in the Meat Substitutes Market    

5.    Covid-19 Impact on the Meat Substitutes Market    

6.    Investment and Funding Scenario in the Meat Substitutes Market    
       6.1.    Introduction    
       6.2.    Investments/Funding Scenario    

7.    Global Meat Substitutes Market, by Type    
       7.1.    Introduction    
       7.2.    Tofu    
       7.3.    Textured Vegetable Protein (TVP)    
       7.4.    Tempeh    
       7.5.    Seitan    
       7.6.    Burger Patties    
       7.7.    Sausages    
       7.8.    Ground Meat    
       7.9.    Meatballs    
       7.10.    Nuggets    
       7.11.    Crumbles    
       7.12.    Other Meat Substitutes    

8.    Global Meat Substitutes Market, by Source    
       8.1.    Introduction    
       8.2.    Soy Protein    
       8.3.    Wheat Protein    
       8.4.    Pea Protein    
       8.5.    Almond Protein    
       8.6.    Rice Protein    
       8.7.    Other Sources    

9.    Global Meat Substitutes Market, by Distribution Channel    
       9.1.    Introduction    
       9.2.    Business-To-Consumer (B2C)    
                 9.2.1.    Modern Groceries    
                 9.2.2.    Convenience Stores    
                 9.2.3.    Specialty Stores    
                 9.2.4.    Online Retail    
                 9.2.5.    Others    
       9.3.    Business-To-Business (B2B)    

10.    Meat Substitutes Market, by Geography    
         10.1.    Introduction    
         10.2.    Europe    
                    10.2.1.    U.K.    
                    10.2.2.    Germany    
                    10.2.3.    France    
                    10.2.4.    Italy    
                    10.2.5.    Spain    
                    10.2.6.    Rest of Europe    
         10.3.    North America    
                    10.3.1.    U.S.    
                    10.3.2.    Canada    
         10.4.    Asia-Pacific    
                    10.4.1.    China    
                    10.4.2.    Japan    
                    10.4.3.    India    
                    10.4.4.    Rest of Asia-Pacific    
         10.5.    Latin America    
         10.6.    Middle East and Africa    

11.    Competitive Landscape    
         11.1.    Introduction    
         11.2.    Key Growth Strategies    
         11.3.    Competitive Benchmarking    

12.    Company Profiles (Business Overview, Product Portfolio, Financial Overview, and Strategic Developments)
         12.1.    Beyond Meat, Inc.    
         12.2.    Impossible Foods, Inc.    
         12.3.    Garden Protein International Inc. (A Part of Conagra Brands, Inc.)    
         12.4.    Amy's Kitchen, Inc.    
         12.5.    The Hain Celestial Group, Inc.    
         12.6.    Sahmyook Foods    
         12.7.    Axiom Foods, Inc.    
         12.8.    Lightlife Foods, Inc. (A Part of Maple Leaf Foods, Inc.)    
         12.9.    Marlow Foods, Ltd. (Part of Monde Nissin Corporation)    
         12.10.    Taifun-Tofu GmbH    
         12.11.    Atlantic Natural Foods, LLC (Part of Aft Holdings, Inc.)    
         12.12.    Vbites Food, Ltd.    
         12.13.    Nutrisoy Pty, Ltd.        

13.    Appendix    
         13.1.    Questionnaire    
         13.2.    Available Customization

List of Tables

Table 1    Global Meat Substitutes Market Drivers: Impact Analysis (2020–2027)    
Table 2    Global Meat Substitutes Market Restraints: Impact Analysis (2020–2027)    
Table 3    Price Comparison between Meat and Meatless Items at Fast-Food Chains    
Table 4    List of Recent Mergers and Acquisitions in Meat Substitute Space (2017-2020)    
Table 5    Global Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 6    Global Plant-Based Tofu Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Plant-Based TVP Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Plant-Based Tempeh Market Size, by Country/Region, 2018-2027 ($Million)    
Table 9    Global Plant-Based Seitan Market Size, by Country/Region, 2018-2027 ($Million)    
Table 10    Global Plant-Based Burger Patties Market Size, by Country/Region, 2018-2027 ($Million)    
Table 11    Global Plant-Based Sausages Market Size, by Country/Region, 2018-2027 ($Million)
Table 12    Global Plant-Based Ground Meat Market Size, by Country/Region, 2018-2027 ($Million)    
Table 13    Global Plant-Based Meatballs Market Size, by Country/Region, 2018-2027 ($Million)
Table 14    Global Plant-Based Nuggets Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Plant-Based Crumbles Market Size, by Country/Region, 2018-2027 ($Million)
Table 16    Global Other Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 18    Soy Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 19    Wheat Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 20    Pea Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 21    Almond Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 22    Rice Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 23    Other Sources-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 24    Global Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 25    Global B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 26    Global B2C Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 27    Global B2C Meat Substitutes Market for Modern Groceries, by Country/Region, 2018-2027 ($Million)    
Table 28    Global B2C Meat Substitutes Market Size for Convenience Stores, By Country/Region, 2018-2027 ($Million)
Table 29    Global B2C Meat Substitutes Market Size for Specialty Stores, By Country/Region, 2018-2027 ($Million)    
Table 30    Global B2C Meat Substitutes Market Size for Online Retail, by Country/Region, 2018-2027 ($Million)    
Table 31    Global B2C Meat Substitutes Market Size for Other Channels, by Country/Region, 2018-2027 ($Million)    
Table 32    Global B2B Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 33    Global Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 34    Europe: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 35    Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 36    Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 37    Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 38    Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 39    U.K.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 40    U.K.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 41    U.K.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 42    U.K.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 43    Germany: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 44    Germany: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 45    Germany: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 46    Germany: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 47    France: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 48    France: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 49    France: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 50    France: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 51    Italy: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 52    Italy: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 53    Italy: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 54    Italy: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 55    Spain: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 56    Spain: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 57    Spain: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 58    Spain: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 59    Rest of Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 60    Rest of Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 61    Rest of Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 62    Rest of Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 63    North America: Meat Substitutes Market Size, by Country, 2018-2027 ($Million)    
Table 64    North America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 65    North America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 66    North America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 67    North America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 68    U.S.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 69    U.S.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 70    U.S.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 71    U.S.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 72    Canada: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 73    Canada: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 74    Canada: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 75    Canada: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 76    Asia-Pacific: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 77    Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 78    Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 79    Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 80    Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 81    China: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 82    China: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 83    China: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 84    China: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 85    Japan: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 86    Japan: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 87    Japan: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 88    Japan: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 89    India: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 90    India: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 91    India: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 92    India: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 93    Rest of Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 94    Rest of Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 95    Rest of Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 96    Rest of Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 97    Latin America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 98    Latin America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 99    Latin America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 100    Latin America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 101    Middle East and Africa: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 102    Middle East and Africa: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 103    Middle East and Africa: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 104    Middle East and Africa: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 105    Total Number of Recent Developments, by Company, 2017-2020    127


List of Figures

Figure 1    Research Process    
Figure 2    Key Secondary Sources    
Figure 3    Primary Research Techniques    
Figure 4    Key Executives Interviewed    
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)    
Figure 6    Market Sizing and Growth Forecast Approach    
Figure 7    Tofu Accounted for the Largest Share of the Market in 2019    
Figure 8    Pea Proteins to Witness the Highest Growth during the Forecast Period    
Figure 9    B2C to Witness Significant Growth during the Forecast Period    
Figure 10    Global Meat Substitutes Market Scenario, by Geography, 2019    
Figure 11    Market Dynamics    
Figure 12    A Lighthouse for the Future Food Consumption    
Figure 13    Leading Meat Producers Hedge against Animal Free Future    
Figure 14    Current Prices of Different Food Types    
Figure 15    Global Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 16    Global Meat Substitutes Market Size, by Source, 2020-2027 ($Million)    
Figure 17    Meat Substitute: Value Chain with Key Business Activities and Players Within    
Figure 18    Global Meat Substitutes Market Size, by Distribution Channel,  2020-2027 ($Million)    
Figure 19    Global B2C Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 20    Global Meat Substitutes Market Size, by Region, 2020-2027 ($Million)    
Figure 21    Market Dynamics: European Alternative Protein Market    
Figure 22    Europe: Meat Substitutes Market Snapshot    
Figure 23    Number of Vegans in the U.K., 2014-2018 (In Thousands)    
Figure 24    Veganism Trends in the U.K.    
Figure 25    North America: Meat Substitutes Market Snapshot    
Figure 26    Meat Substitute Retail Sales in the U.S., 2017-2019 ($Billion)    
Figure 27    Asia-Pacific: Meat Substitutes Market Snapshot    
Figure 28    Challenges Faced by Latin American Meat Substitutes Market    
Figure 29    Key Growth Strategies Adopted by Leading Players, 2017-2020    
Figure 30    Meat Substitutes Market: Competitive Benchmarking, by Product    
Figure 31    Beyond Meat, Inc.: Financial Overview (2017-2019)    
Figure 32    Conagra Brands, Inc.: Financial Overview (2017-2019)    
Figure 33    The Hain Celestial Group, Inc.: Financial Overview (2017-2019) 

 
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Related Research

The meat substitute market is expected to reach $17.5 billion by 2027, at a CAGR of 15.1% during the forecast period of 2020 to 2027. Due to the COVID-19 pandemic, there has been an exponential rise in demand for healthy protein foods. In addition, rising intolerance for animal protein, rising awareness about a healthy diet, increasing vegan population, and rising venture capital investments are the major factors accelerating the growth of this market. Moreover, the growing focus on R&D and new product launches by alternative protein manufacturers and growing demand from emerging economies are expected to create lucrative opportunities for players operating in this market.

Impact of COVID-19 on the Meat Substitute Market

The COVID-19 pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9th July 2020 (Source: European Centre for Disease Prevention and Control). This current situation has had a substantial impact on the traditional meat processing industry, which has led to many slaughterhouses closing shops due to disruption of the supply chain.

The meat supply in the U.S. is expected to be flogged by the COVID-19 outbreak, as major meat plants have been taken offline as factory workers have tested positive for the virus. It is estimated that meat plants responsible for 10% of all beef production in the U.S. and 25% of all pork production have closed in early 2020, with this having the potential to disrupt meat supply chains and lead to shortages. This potential shortage of meat supply is already leading to augment consumer demand for meat substitute in the U.S., with meat substitute sales reported to have jumped 200% in the country in April, compared to last year.

Meat Substitute Market

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Consumer Preference for Soy and Gluten-free Products

The “free-from” is one of the fastest-growing trends in niche foods. Soy and a gluten-free diet has quickly become the fastest-growing nutritional movements, which is gaining popularity for its health and therapeutic benefits. The increase in the use of soy and gluten-free food products is mainly attributed to rising food sensitivities, regional dietary preferences, and increasing diagnosis of coeliac diseases. For instance, many people have allergies and intolerance of soy protein resulting in eye irritation, stomach upsets, and other symptoms, which in some cases require hospitalization.

The increasing demand for gluten-free products is mainly associated with increasing instances of diseases. However, the number of people who actually need to avoid gluten for medical reasons is relatively small. As a result, some of the people are avoiding food products containing or fortified with soy and wheat ingredients. Thus, rising consumer preference towards soy-free food products across the globe restricts the growth of the soy and wheat protein-based meat substitutes market to some extent.

Key Findings in the Global Meat Substitute Market Study:

In 2020, the plant-based tofu segment dominated the global meat substitute market.

Based on product type, the tofu segment accounted for the largest share of the market due to its low cost, easy availability, and presence of a wide variety of tofu types and flavors. However, the burger patties segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing popularity and new product launches in the plant-based burger patties segment and their increasing availability in many restaurants.

The pea protein segment to witness the fastest growth during the forecast period.

Based on source, the pea protein segment is expected to grow at the fastest CAGR during the forecast period due to growing consumer desire to find sustainable and good tasting alternatives to animal-based proteins and growing investments from leading manufacturers.

In 2020, the business to customers segment dominated the global meat substitute market.

Based on distribution channel, the B2C segment commanded the largest share of the global meat substitute market in 2020. The large share of this market is mainly attributed to the growing number of supermarkets & hypermarkets, consumers preference for shopping from brick-and-mortar grocers, and increasing consumer preference for vegan food products.

The Asia-Pacific market is poised to grow at the highest CAGR during the forecast period

On the basis of region, the global meat substitute market is segmented into North America, Europe, APAC, Latin America, and the Middle and Africa. The APAC region is expected to grow at the highest CAGR during the forecast period. The rapid growth in urbanization, rising income levels, and growing awareness about the benefits of protein diet in daily nutrition are the drivers for this market.

Key Players

The meat substitute market is highly fragmented in nature with the presence of many small and medium-sized private companies in the market. Some of the key vendors operating in the global meat substitute market are Beyond Meat Inc. (U.S.), Impossible Foods Inc. (U.S.), Garden Protein International, Inc. (Canada), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Axiom Foods (U.S.), Lightlife Foods, Inc. (U.S.), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Atlantic Natural Foods LLC (U.S.), VBIte Food Ltd (U.K.), and Nutrisoy Pty Ltd. (Australia).

Scope of the report

Meat Substitute Market, by Product Type

  • Tofu
  • TVP
  • Tempeh
  • Seitan
  • Burger Patties
  • Sausages
  • Ground Meat
  • Meatballs
  • Nuggets
  • Crumbles
  • Others

Meat Substitute Marketby Source

  • Soy Protein
  • Almond Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
  • Others

Meat Substitute Market, by Distribution Channel

  • Business to Business
  • Business to Customers
    • Modern Groceries
    • Convenience Store
    • Specialty Store
    • Online Retail
    • Others

Meat Substitute Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • RoE
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • RoAPAC
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

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1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency    
       1.3.    Key Stakeholders    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                 2.2.1.    Secondary Research    
                 2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                            2.3.1.1.    Bottom-Up Approach    
                            2.3.1.2.    Top-Down Approach    
                            2.3.1.3.    Growth Forecast    
       2.4.    Assumptions for the Study    
       2.5.    Limitations for the Study    

3.    Executive Summary    
       3.1.    Introduction    
       3.2.    Segment Analysis    
                 3.2.1.    Type Analysis    
                 3.2.2.    Source Analysis    
                 3.2.3.    Distribution Channel Analysis    
                             3.2.3.1.    B2C Distribution Channels Market    
                 3.2.4.    Regional Analysis    
                 3.2.5.    Competitive Landscape & Market Competitors    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Drivers    
                 4.2.1.    Increasing Intolerance for Animal Proteins    
                 4.2.2.    Growing Preference for Meat Substitute Products    
                 4.2.3.    Growing Investments in Meat Substitutes    
                 4.2.4.    Increasing Vegan and Vegetarian Population    
       4.3.    Restraints    
                 4.3.1.    Expensive Meat Substitutes    
                 4.3.2.    Preference for Animal-Based Products    
                 4.3.3.    Growing Preference for Soy and Gluten-Free Products    
       4.4.    Opportunities    
                 4.4.1.    Emerging Economies    
       4.5.    Trends    
                 4.5.1.    Mergers and Acquisitions in the Meat Substitutes Market    

5.    Covid-19 Impact on the Meat Substitutes Market    

6.    Investment and Funding Scenario in the Meat Substitutes Market    
       6.1.    Introduction    
       6.2.    Investments/Funding Scenario    

7.    Global Meat Substitutes Market, by Type    
       7.1.    Introduction    
       7.2.    Tofu    
       7.3.    Textured Vegetable Protein (TVP)    
       7.4.    Tempeh    
       7.5.    Seitan    
       7.6.    Burger Patties    
       7.7.    Sausages    
       7.8.    Ground Meat    
       7.9.    Meatballs    
       7.10.    Nuggets    
       7.11.    Crumbles    
       7.12.    Other Meat Substitutes    

8.    Global Meat Substitutes Market, by Source    
       8.1.    Introduction    
       8.2.    Soy Protein    
       8.3.    Wheat Protein    
       8.4.    Pea Protein    
       8.5.    Almond Protein    
       8.6.    Rice Protein    
       8.7.    Other Sources    

9.    Global Meat Substitutes Market, by Distribution Channel    
       9.1.    Introduction    
       9.2.    Business-To-Consumer (B2C)    
                 9.2.1.    Modern Groceries    
                 9.2.2.    Convenience Stores    
                 9.2.3.    Specialty Stores    
                 9.2.4.    Online Retail    
                 9.2.5.    Others    
       9.3.    Business-To-Business (B2B)    

10.    Meat Substitutes Market, by Geography    
         10.1.    Introduction    
         10.2.    Europe    
                    10.2.1.    U.K.    
                    10.2.2.    Germany    
                    10.2.3.    France    
                    10.2.4.    Italy    
                    10.2.5.    Spain    
                    10.2.6.    Rest of Europe    
         10.3.    North America    
                    10.3.1.    U.S.    
                    10.3.2.    Canada    
         10.4.    Asia-Pacific    
                    10.4.1.    China    
                    10.4.2.    Japan    
                    10.4.3.    India    
                    10.4.4.    Rest of Asia-Pacific    
         10.5.    Latin America    
         10.6.    Middle East and Africa    

11.    Competitive Landscape    
         11.1.    Introduction    
         11.2.    Key Growth Strategies    
         11.3.    Competitive Benchmarking    

12.    Company Profiles (Business Overview, Product Portfolio, Financial Overview, and Strategic Developments)
         12.1.    Beyond Meat, Inc.    
         12.2.    Impossible Foods, Inc.    
         12.3.    Garden Protein International Inc. (A Part of Conagra Brands, Inc.)    
         12.4.    Amy's Kitchen, Inc.    
         12.5.    The Hain Celestial Group, Inc.    
         12.6.    Sahmyook Foods    
         12.7.    Axiom Foods, Inc.    
         12.8.    Lightlife Foods, Inc. (A Part of Maple Leaf Foods, Inc.)    
         12.9.    Marlow Foods, Ltd. (Part of Monde Nissin Corporation)    
         12.10.    Taifun-Tofu GmbH    
         12.11.    Atlantic Natural Foods, LLC (Part of Aft Holdings, Inc.)    
         12.12.    Vbites Food, Ltd.    
         12.13.    Nutrisoy Pty, Ltd.        

13.    Appendix    
         13.1.    Questionnaire    
         13.2.    Available Customization

List of Tables

Table 1    Global Meat Substitutes Market Drivers: Impact Analysis (2020–2027)    
Table 2    Global Meat Substitutes Market Restraints: Impact Analysis (2020–2027)    
Table 3    Price Comparison between Meat and Meatless Items at Fast-Food Chains    
Table 4    List of Recent Mergers and Acquisitions in Meat Substitute Space (2017-2020)    
Table 5    Global Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 6    Global Plant-Based Tofu Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Plant-Based TVP Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Plant-Based Tempeh Market Size, by Country/Region, 2018-2027 ($Million)    
Table 9    Global Plant-Based Seitan Market Size, by Country/Region, 2018-2027 ($Million)    
Table 10    Global Plant-Based Burger Patties Market Size, by Country/Region, 2018-2027 ($Million)    
Table 11    Global Plant-Based Sausages Market Size, by Country/Region, 2018-2027 ($Million)
Table 12    Global Plant-Based Ground Meat Market Size, by Country/Region, 2018-2027 ($Million)    
Table 13    Global Plant-Based Meatballs Market Size, by Country/Region, 2018-2027 ($Million)
Table 14    Global Plant-Based Nuggets Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Plant-Based Crumbles Market Size, by Country/Region, 2018-2027 ($Million)
Table 16    Global Other Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 18    Soy Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 19    Wheat Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 20    Pea Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 21    Almond Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 22    Rice Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 23    Other Sources-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 24    Global Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 25    Global B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 26    Global B2C Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 27    Global B2C Meat Substitutes Market for Modern Groceries, by Country/Region, 2018-2027 ($Million)    
Table 28    Global B2C Meat Substitutes Market Size for Convenience Stores, By Country/Region, 2018-2027 ($Million)
Table 29    Global B2C Meat Substitutes Market Size for Specialty Stores, By Country/Region, 2018-2027 ($Million)    
Table 30    Global B2C Meat Substitutes Market Size for Online Retail, by Country/Region, 2018-2027 ($Million)    
Table 31    Global B2C Meat Substitutes Market Size for Other Channels, by Country/Region, 2018-2027 ($Million)    
Table 32    Global B2B Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 33    Global Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 34    Europe: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 35    Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 36    Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 37    Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 38    Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 39    U.K.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 40    U.K.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 41    U.K.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 42    U.K.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 43    Germany: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 44    Germany: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 45    Germany: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 46    Germany: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 47    France: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 48    France: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 49    France: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 50    France: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 51    Italy: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 52    Italy: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 53    Italy: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 54    Italy: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 55    Spain: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 56    Spain: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 57    Spain: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 58    Spain: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 59    Rest of Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 60    Rest of Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 61    Rest of Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 62    Rest of Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 63    North America: Meat Substitutes Market Size, by Country, 2018-2027 ($Million)    
Table 64    North America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 65    North America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 66    North America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 67    North America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 68    U.S.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 69    U.S.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 70    U.S.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 71    U.S.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 72    Canada: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 73    Canada: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 74    Canada: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 75    Canada: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 76    Asia-Pacific: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 77    Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 78    Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 79    Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 80    Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 81    China: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 82    China: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 83    China: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 84    China: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 85    Japan: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 86    Japan: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 87    Japan: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 88    Japan: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 89    India: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 90    India: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 91    India: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 92    India: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 93    Rest of Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 94    Rest of Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 95    Rest of Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 96    Rest of Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 97    Latin America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 98    Latin America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 99    Latin America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 100    Latin America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 101    Middle East and Africa: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 102    Middle East and Africa: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 103    Middle East and Africa: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 104    Middle East and Africa: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 105    Total Number of Recent Developments, by Company, 2017-2020    127


List of Figures

Figure 1    Research Process    
Figure 2    Key Secondary Sources    
Figure 3    Primary Research Techniques    
Figure 4    Key Executives Interviewed    
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)    
Figure 6    Market Sizing and Growth Forecast Approach    
Figure 7    Tofu Accounted for the Largest Share of the Market in 2019    
Figure 8    Pea Proteins to Witness the Highest Growth during the Forecast Period    
Figure 9    B2C to Witness Significant Growth during the Forecast Period    
Figure 10    Global Meat Substitutes Market Scenario, by Geography, 2019    
Figure 11    Market Dynamics    
Figure 12    A Lighthouse for the Future Food Consumption    
Figure 13    Leading Meat Producers Hedge against Animal Free Future    
Figure 14    Current Prices of Different Food Types    
Figure 15    Global Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 16    Global Meat Substitutes Market Size, by Source, 2020-2027 ($Million)    
Figure 17    Meat Substitute: Value Chain with Key Business Activities and Players Within    
Figure 18    Global Meat Substitutes Market Size, by Distribution Channel,  2020-2027 ($Million)    
Figure 19    Global B2C Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 20    Global Meat Substitutes Market Size, by Region, 2020-2027 ($Million)    
Figure 21    Market Dynamics: European Alternative Protein Market    
Figure 22    Europe: Meat Substitutes Market Snapshot    
Figure 23    Number of Vegans in the U.K., 2014-2018 (In Thousands)    
Figure 24    Veganism Trends in the U.K.    
Figure 25    North America: Meat Substitutes Market Snapshot    
Figure 26    Meat Substitute Retail Sales in the U.S., 2017-2019 ($Billion)    
Figure 27    Asia-Pacific: Meat Substitutes Market Snapshot    
Figure 28    Challenges Faced by Latin American Meat Substitutes Market    
Figure 29    Key Growth Strategies Adopted by Leading Players, 2017-2020    
Figure 30    Meat Substitutes Market: Competitive Benchmarking, by Product    
Figure 31    Beyond Meat, Inc.: Financial Overview (2017-2019)    
Figure 32    Conagra Brands, Inc.: Financial Overview (2017-2019)    
Figure 33    The Hain Celestial Group, Inc.: Financial Overview (2017-2019) 

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1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency    
       1.3.    Key Stakeholders    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                 2.2.1.    Secondary Research    
                 2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                            2.3.1.1.    Bottom-Up Approach    
                            2.3.1.2.    Top-Down Approach    
                            2.3.1.3.    Growth Forecast    
       2.4.    Assumptions for the Study    
       2.5.    Limitations for the Study    

3.    Executive Summary    
       3.1.    Introduction    
       3.2.    Segment Analysis    
                 3.2.1.    Type Analysis    
                 3.2.2.    Source Analysis    
                 3.2.3.    Distribution Channel Analysis    
                             3.2.3.1.    B2C Distribution Channels Market    
                 3.2.4.    Regional Analysis    
                 3.2.5.    Competitive Landscape & Market Competitors    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Drivers    
                 4.2.1.    Increasing Intolerance for Animal Proteins    
                 4.2.2.    Growing Preference for Meat Substitute Products    
                 4.2.3.    Growing Investments in Meat Substitutes    
                 4.2.4.    Increasing Vegan and Vegetarian Population    
       4.3.    Restraints    
                 4.3.1.    Expensive Meat Substitutes    
                 4.3.2.    Preference for Animal-Based Products    
                 4.3.3.    Growing Preference for Soy and Gluten-Free Products    
       4.4.    Opportunities    
                 4.4.1.    Emerging Economies    
       4.5.    Trends    
                 4.5.1.    Mergers and Acquisitions in the Meat Substitutes Market    

5.    Covid-19 Impact on the Meat Substitutes Market    

6.    Investment and Funding Scenario in the Meat Substitutes Market    
       6.1.    Introduction    
       6.2.    Investments/Funding Scenario    

7.    Global Meat Substitutes Market, by Type    
       7.1.    Introduction    
       7.2.    Tofu    
       7.3.    Textured Vegetable Protein (TVP)    
       7.4.    Tempeh    
       7.5.    Seitan    
       7.6.    Burger Patties    
       7.7.    Sausages    
       7.8.    Ground Meat    
       7.9.    Meatballs    
       7.10.    Nuggets    
       7.11.    Crumbles    
       7.12.    Other Meat Substitutes    

8.    Global Meat Substitutes Market, by Source    
       8.1.    Introduction    
       8.2.    Soy Protein    
       8.3.    Wheat Protein    
       8.4.    Pea Protein    
       8.5.    Almond Protein    
       8.6.    Rice Protein    
       8.7.    Other Sources    

9.    Global Meat Substitutes Market, by Distribution Channel    
       9.1.    Introduction    
       9.2.    Business-To-Consumer (B2C)    
                 9.2.1.    Modern Groceries    
                 9.2.2.    Convenience Stores    
                 9.2.3.    Specialty Stores    
                 9.2.4.    Online Retail    
                 9.2.5.    Others    
       9.3.    Business-To-Business (B2B)    

10.    Meat Substitutes Market, by Geography    
         10.1.    Introduction    
         10.2.    Europe    
                    10.2.1.    U.K.    
                    10.2.2.    Germany    
                    10.2.3.    France    
                    10.2.4.    Italy    
                    10.2.5.    Spain    
                    10.2.6.    Rest of Europe    
         10.3.    North America    
                    10.3.1.    U.S.    
                    10.3.2.    Canada    
         10.4.    Asia-Pacific    
                    10.4.1.    China    
                    10.4.2.    Japan    
                    10.4.3.    India    
                    10.4.4.    Rest of Asia-Pacific    
         10.5.    Latin America    
         10.6.    Middle East and Africa    

11.    Competitive Landscape    
         11.1.    Introduction    
         11.2.    Key Growth Strategies    
         11.3.    Competitive Benchmarking    

12.    Company Profiles (Business Overview, Product Portfolio, Financial Overview, and Strategic Developments)
         12.1.    Beyond Meat, Inc.    
         12.2.    Impossible Foods, Inc.    
         12.3.    Garden Protein International Inc. (A Part of Conagra Brands, Inc.)    
         12.4.    Amy's Kitchen, Inc.    
         12.5.    The Hain Celestial Group, Inc.    
         12.6.    Sahmyook Foods    
         12.7.    Axiom Foods, Inc.    
         12.8.    Lightlife Foods, Inc. (A Part of Maple Leaf Foods, Inc.)    
         12.9.    Marlow Foods, Ltd. (Part of Monde Nissin Corporation)    
         12.10.    Taifun-Tofu GmbH    
         12.11.    Atlantic Natural Foods, LLC (Part of Aft Holdings, Inc.)    
         12.12.    Vbites Food, Ltd.    
         12.13.    Nutrisoy Pty, Ltd.        

13.    Appendix    
         13.1.    Questionnaire    
         13.2.    Available Customization

List of Tables

Table 1    Global Meat Substitutes Market Drivers: Impact Analysis (2020–2027)    
Table 2    Global Meat Substitutes Market Restraints: Impact Analysis (2020–2027)    
Table 3    Price Comparison between Meat and Meatless Items at Fast-Food Chains    
Table 4    List of Recent Mergers and Acquisitions in Meat Substitute Space (2017-2020)    
Table 5    Global Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 6    Global Plant-Based Tofu Market Size, by Country/Region, 2018-2027 ($Million)    
Table 7    Global Plant-Based TVP Market Size, by Country/Region, 2018-2027 ($Million)    
Table 8    Global Plant-Based Tempeh Market Size, by Country/Region, 2018-2027 ($Million)    
Table 9    Global Plant-Based Seitan Market Size, by Country/Region, 2018-2027 ($Million)    
Table 10    Global Plant-Based Burger Patties Market Size, by Country/Region, 2018-2027 ($Million)    
Table 11    Global Plant-Based Sausages Market Size, by Country/Region, 2018-2027 ($Million)
Table 12    Global Plant-Based Ground Meat Market Size, by Country/Region, 2018-2027 ($Million)    
Table 13    Global Plant-Based Meatballs Market Size, by Country/Region, 2018-2027 ($Million)
Table 14    Global Plant-Based Nuggets Market Size, by Country/Region, 2018-2027 ($Million)
Table 15    Global Plant-Based Crumbles Market Size, by Country/Region, 2018-2027 ($Million)
Table 16    Global Other Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 17    Global Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 18    Soy Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 19    Wheat Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 20    Pea Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 21    Almond Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 22    Rice Protein-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 23    Other Sources-Based Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 24    Global Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 25    Global B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 26    Global B2C Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 27    Global B2C Meat Substitutes Market for Modern Groceries, by Country/Region, 2018-2027 ($Million)    
Table 28    Global B2C Meat Substitutes Market Size for Convenience Stores, By Country/Region, 2018-2027 ($Million)
Table 29    Global B2C Meat Substitutes Market Size for Specialty Stores, By Country/Region, 2018-2027 ($Million)    
Table 30    Global B2C Meat Substitutes Market Size for Online Retail, by Country/Region, 2018-2027 ($Million)    
Table 31    Global B2C Meat Substitutes Market Size for Other Channels, by Country/Region, 2018-2027 ($Million)    
Table 32    Global B2B Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 33    Global Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 34    Europe: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)    
Table 35    Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 36    Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 37    Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 38    Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 39    U.K.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 40    U.K.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 41    U.K.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 42    U.K.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 43    Germany: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 44    Germany: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 45    Germany: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 46    Germany: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 47    France: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 48    France: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 49    France: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 50    France: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 51    Italy: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 52    Italy: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 53    Italy: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 54    Italy: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 55    Spain: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 56    Spain: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 57    Spain: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 58    Spain: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 59    Rest of Europe: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 60    Rest of Europe: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 61    Rest of Europe: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 62    Rest of Europe: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 63    North America: Meat Substitutes Market Size, by Country, 2018-2027 ($Million)    
Table 64    North America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 65    North America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 66    North America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 67    North America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 68    U.S.: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 69    U.S.: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 70    U.S.: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 71    U.S.: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 72    Canada: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 73    Canada: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 74    Canada: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 75    Canada: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 76    Asia-Pacific: Meat Substitutes Market Size, by Country/Region, 2018-2027 ($Million)
Table 77    Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 78    Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 79    Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 80    Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 81    China: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 82    China: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 83    China: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 84    China: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 85    Japan: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 86    Japan: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 87    Japan: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)
Table 88    Japan: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 89    India: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 90    India: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 91    India: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 92    India: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 93    Rest of Asia-Pacific: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 94    Rest of Asia-Pacific: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)
Table 95    Rest of Asia-Pacific: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 96    Rest of Asia-Pacific: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 97    Latin America: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 98    Latin America: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 99    Latin America: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 100    Latin America: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 101    Middle East and Africa: Meat Substitutes Market Size, by Type, 2018-2027 ($Million)
Table 102    Middle East and Africa: Meat Substitutes Market Size, by Source, 2018-2027 ($Million)    
Table 103    Middle East and Africa: Meat Substitutes Market Size, by Distribution Channel, 2018-2027 ($Million)    
Table 104    Middle East and Africa: B2C Meat Substitutes Market Size, by Type, 2018-2027 ($Million)    
Table 105    Total Number of Recent Developments, by Company, 2017-2020    127


List of Figures

Figure 1    Research Process    
Figure 2    Key Secondary Sources    
Figure 3    Primary Research Techniques    
Figure 4    Key Executives Interviewed    
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)    
Figure 6    Market Sizing and Growth Forecast Approach    
Figure 7    Tofu Accounted for the Largest Share of the Market in 2019    
Figure 8    Pea Proteins to Witness the Highest Growth during the Forecast Period    
Figure 9    B2C to Witness Significant Growth during the Forecast Period    
Figure 10    Global Meat Substitutes Market Scenario, by Geography, 2019    
Figure 11    Market Dynamics    
Figure 12    A Lighthouse for the Future Food Consumption    
Figure 13    Leading Meat Producers Hedge against Animal Free Future    
Figure 14    Current Prices of Different Food Types    
Figure 15    Global Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 16    Global Meat Substitutes Market Size, by Source, 2020-2027 ($Million)    
Figure 17    Meat Substitute: Value Chain with Key Business Activities and Players Within    
Figure 18    Global Meat Substitutes Market Size, by Distribution Channel,  2020-2027 ($Million)    
Figure 19    Global B2C Meat Substitutes Market Size, by Type, 2020-2027 ($Million)    
Figure 20    Global Meat Substitutes Market Size, by Region, 2020-2027 ($Million)    
Figure 21    Market Dynamics: European Alternative Protein Market    
Figure 22    Europe: Meat Substitutes Market Snapshot    
Figure 23    Number of Vegans in the U.K., 2014-2018 (In Thousands)    
Figure 24    Veganism Trends in the U.K.    
Figure 25    North America: Meat Substitutes Market Snapshot    
Figure 26    Meat Substitute Retail Sales in the U.S., 2017-2019 ($Billion)    
Figure 27    Asia-Pacific: Meat Substitutes Market Snapshot    
Figure 28    Challenges Faced by Latin American Meat Substitutes Market    
Figure 29    Key Growth Strategies Adopted by Leading Players, 2017-2020    
Figure 30    Meat Substitutes Market: Competitive Benchmarking, by Product    
Figure 31    Beyond Meat, Inc.: Financial Overview (2017-2019)    
Figure 32    Conagra Brands, Inc.: Financial Overview (2017-2019)    
Figure 33    The Hain Celestial Group, Inc.: Financial Overview (2017-2019) 

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