Meat Substitute Market by Source (Plant (Soy, Wheat, Mycoprotein), Insect (Crickets, Mealworms)), Product (Plant Based (Tofu, Tempeh, TVP), Insect Based (Whole Insects, Insect Powder)), Category (Frozen, Refrigerated, Shelf Stable) - Global Forecast to 2024

  • Report ID:MRFB - 104267
  • Pages: 115
  • Apr 2019
  • Formats*: PDF
  • Category: Food & Beverages

1 Introduction to Meat Substitute Market
   1.1 Market definition
   1.2 Scope of study
   1.3 Global Meat Substitute Market Ecosystem
         1.3.1 Meat Substitute Market, By Source
         1.3.2 Meat Substitute Market, By Product
         1.3.3 Meat Substitute Market, By Category
   1.4 Research Methodology
         1.4.1 Secondary Research
         1.4.2 Primary Research
         1.4.3 Market Analytics
         1.4.4 Assumptions
         1.4.5 Limitations

2 Executive Summary

3 Market Insights
   3.1 Drivers
         3.1.1 Urbanization, population growth, and a rising middle class lead to greater meat consumption
         3.1.2 Increasing options for vegetarians and vegans
         3.1.3 Rising tide of challenges for industrial meat industry
         3.1.4 Enticing meat eaters to consume environmentally-friendly meat without compromising on taste
         3.1.5 Others
   3.2 Restraints
         3.2.1 Ill effects of consuming meat substitutes
         3.2.2 Wide availability of meat products
   3.3 Opportunities
         3.3.1 Growth potential in emerging economies
   3.4 Challenges
         3.4.1 High cost of cultured meat
         3.4.2 Genetically modified plant sources
   3.5 Future Potential
         3.5.1 Cultured Meat
         3.5.1 Cultured Meat Market Analysis, by Sources
         3.5.2 Trends
                  3.5.2.1 Advances in agriculture technology and synthetic biology are enabling high-tech meatless products
         3.5.3 Investment by leading giants
   3.6 Meat Substitute Market Share Analysis
   3.7 Regulatory Analysis

4 Global Meat Substitute Market, By Source
   4.1 Plant Sourced
         4.1.1 Soy
         4.1.2 Wheat
         4.1.3 Pea
         4.1.4 Mycoprotein
         4.1.5 Others
   4.2 Insect Sourced
         4.2.1 Crickets
         4.2.2 Mealworms
         4.2.3 Others

5 Global Meat Substitute Market, By Product
   5.1 Plant Based Products
         5.1.1 Tofu
         5.1.2 Tempeh
         5.1.3 TVP
         5.1.4 Seitan
         5.1.5 Quorn
         5.1.6 Others
   5.2 Insect Based Products
         5.2.1 Whole Insects
         5.2.2 Insect Powder
         5.2.3 Others

6 Global Meat Substitute Market, By Category
   6.1 Frozen
   6.2 Refrigerated
   6.3 Shelf Stable

7 Global Meat Substitute Market, By Region
   7.1 North America
         7.1.1 U.S.
         7.1.2 Canada
   7.2 Europe
         7.2.1 UK
         7.2.2 Germany
         7.2.3 France
         7.2.4 Italy
         7.2.5 Spain
         7.2.6 Rest of Europe
   7.3 Asia-Pacific
         7.3.1 China
         7.3.2 India
         7.3.3 Japan
         7.3.4 Rest of Asia-Pacific
   7.4 Rest of World
         7.4.1 Latin America
                  7.4.1.1 Brazil
                  7.4.1.2 Mexico
                  7.4.1.3 Argentina
                  7.4.1.4 Rest of Latin America
         7.4.2 The Middle East and Africa

8 Global Meat Substitutes Market-Competitive Landscape
   8.1 Acquisitions
   8.2 Expansions
   8.3 New Product Launches and Upgradation
   8.4 Agreements and Partnerships

9 Company Profiles
   9.1 Archer Daniels Midland Company
   9.2 Dupont
   9.3 The Nisshin Oillio Group
   9.4 Sonic Biochem Limited
   9.5 MGP Ingredients
   9.6 Garden Protein International
   9.7 Beyond Meat
   9.8 Amy’s Kitchen
   9.9 Quorn Foods
   9.10 Morningstar Farms
   9.11 Meatless
   9.12 Vbites
   9.13 Kreca Ento-Food BV
   9.14 Entomo Farms
   9.15 All Things Bugs, LLC
   9.16 Bitty Foods

10 Appendix 
     10.1 Questionnaire

Meat substitutes are plant or insect based products that look and taste like meat and could potentially play a key role in stimulating dietary change. On a global basis, plant based products are of immense importance and there is growing interest in its ability to meet rising demand for protein from non-meat sources, as high level of meat consumption is increasingly being criticized due to ethical, environmental, and social reasons. Also, due to the high cost and limited availability of animal proteins in several countries, consumer concerns over health benefits of animal-based proteins, and increasing flexitarianism, there is a growing focus on reducing meat products consumption. Meat substitutes have been identified as healthy sources of protein that, in comparison to meat, offer a number of social, environmental, and health benefits, and may play a key role in reducing meat intake.

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Analysis of Market Segments

The global meat substitute market is segmented into by Source (Plant (Soy, Wheat, Pea, Mycoprotein, and Others); Insect (Crickets, Mealworms, and Others)), Product (Plant Based (Tofu, Tempeh, TVP, Seitan, Quorn, Others); Insect Based (Whole Insects, Insect Powder, Others)), Category (Frozen, Refrigerated, Shelf Stable), and Geography.       

On the basis of source, plant sourced meat substitutes commanded the largest share of meat substitute market in 2017 due growing health & wellness trend, advances in manufacturing technology, and increased preference for vegetarian and vegan foods.

On the basis of category, the frozen meat substitutes accounted for the largest share in 2017. Frozen meat substitutes help to maintain the nutritional value of food products and retain the flavor and texture. Also, the frozen meat substitutes are gaining popularity due to changes in purchasing patterns coupled with fast lifestyles and the shift from traditional food to convenience food, from small grocery shops to supermarkets, especially in emerging economies such as India, China, and Brazil.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years (2014-2018). The key players profiled in the global meat substitute market are Archer Daniels Midland Company, Dupont, The Nisshin Oillio Group, Sonic Biochem Limited, MGP Ingredients, Garden Protein International, Beyond Meat, Amy’s Kitchen, Quorn Foods, Morningstar Farms, Meatless, Vbites, Kreca Ento-Food BV, Entomo Farms, All Things Bugs, LLC, and Bitty Foods.

Segmentation

Meat Substitute Market, by Sources

  • Plant Sources
    • Soy
    • Wheat
    • Pea
    • Mycoprotein
    • Others
  • Insect Sourced
    • Crickets
    • Mealworms
    • Others

Meat Substitute Market, by Type

  • Plant Based Products
    • Tofu
    • Tempeh
    • TVP
    • Seitan
    • Quorn
    • Others
  • Insect Based Products
    • Whole Insects
    • Insect Powder
    • Others

 Meat Substitute Market, By Category

  • Frozen
  • Refrigerated
  • Shelf Stable

Meat Substitute Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • The Middle East and Africa

Key questions answered in the report:

Growing demand for plant-based products to drive the growth of meat substitute market

  • How does the demand of plant-based products differ from insect- based products?
  • Which are the high growth market segments in terms of source, category, and regions/ countries?

The North American meat substitute market favors both larger and local manufacturers that compete in multiple segments

  • Who are the top competitors in this market and what strategies do they employ to gain shares?
  • Which market segments have the high potential for revenue expansion over the forecast period?
  • What strategies should new companies looking to enter this market use to compete effectively?
  • What are the major drivers, restrains, opportunities, challenges, and future potential in the global meat substitute market?
  • Who are the major players in various countries and what share of the market do they hold?
  • What are the geographical trends and high growth regions/ countries?

Recent new product launches and upgradation, agreements and partnerships, acquisitions and mergers, and expansions have taken place in the meat substitute market

  • What companies have recently merged/ acquired in various countries across the globe and how will these unions affect the competitive landscape of the meat substitute market?
  • Which companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the global meat substitute market and what share of the market do they hold?
  • Who are the local emerging players in the meat substitute market and how do they compete with the global players?
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