Meat Substitutes Market Analysis, Size, Growth, Share & Forecast to 2022 | Grand View Research Inc.
“Meat Substitutes Market Size Worth $5.81 Billion By 2022 | CAGR 7.5%�
The global meat substitutes market size is expected to reach USD 5.81 billion by 2022, according to a new report by Grand View Research, Inc. The market is expected to witness a healthy CAGR of 7.5% during the forecast period. Growing preference for vegan diet coupled with rising health awareness is expected to fuel market demand in the near future. Soy-based meat substitutes led the global market in the past. Wheat-based raw materials are expected to register the highest CAGR from 2015 to 2022, followed by mycoprotein and soy-based meat substitutes. Textured Vegetable Protein (TVP) is the most popular meat substitute, which led the market. However, wheatbased meat substitutes, such as seitan, are expected to experience the maximum CAGR through 2022. Among the multiple applications, seitan is presumed to witness the fastest growth over the forecast period. The Asia Pacific and Central & South America regions are slated to see strong demand over the next seven years. Europe has been the dominant market for meat substitutes and is presumed to maintain the trend over the forecast years.
On the other hand, regulations and directives related to meat substitute composition and specifications are anticipated to impact the market growth to some extent. Variations and complexities in the regional rules are presumed to have a negative impact on the global, as well as regional markets. However, regulations issued by agencies, such as FDA and FSIS, are anticipated to play a vital role in shaping the global meat substitutes market over the forecast period.
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Further key findings from the study suggest: Europe emerged as the largest market and generated revenue of USD 1.40 billion in 2014. It is anticipated to expand at a CAGR of 7.5% over the forecast period
Wheat-based protein is forecast to reach USD 308.3 million by 2022 with a CAGR of 9.9% from 2015 to 2022
Seitan is anticipated to emerge as the fastest-growing segment and is likely to register a CAGR of 10.2% over the forecast years
Industry rivalry is bound to remain medium over the forecast period owing to a handful of market participants. Some of the market participants are Amy’s Kitchen, Inc.; Beyond Meat; Vbites Foods Ltd.; Blue Chip Group; MorningStar Farms; Cauldron Foods; and MGP Ingredients, Inc.
Grand View Research has segmented the global meat substitutes market on the basis of product, raw material, and region: Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2012 - 2022) Soy-based
Wheat-based
Mycoprotein
Others
Meat Substitutes Product Outlook (Revenue, USD Million, 2012 - 2022) Tofu
Tofu-based
Tempeh
Textured Vegetable Protein (TVP)
Other Soy Products
Seitan
Quorn
Others
Meat Substitutes Regional Outlook (Revenue, USD Million, 2012 - 2022) North America o
U.S.
Europe o
Germany
o
U.K.
o
France
Asia Pacific o
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China
o
India
o
Japan

Central & South America

Middle East and Africa
Table of Contents Chapter 1. Executive Summary 1.1. Meat Substitutes - Industry Summary and Key Buying Criteria Chapter 2. Meat Substitutes Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. Meat Substitutes Value Chain Analysis 2.3.1. Vendor Landscape 2.4. Meat Substitutes Market Dynamics 2.4.1. Market driver analysis 2.4.1.1. Growing health awareness 2.4.1.2. Recent animal disease outbreaks 2.4.1.3. Better health benefits 2.4.2. Market restraint analysis 2.4.2.1. Higher meat substitute cost 2.5. Regulatory Framework 2.6. Key Opportunities Prioritized 2.7. Industry Analysis - Porter's 2.8. Meat Substitutes Market PESTEL Analysis, 2013 Chapter 3 Consumer Behavior Analysis 3.1 Consumer Trends & Preferences 3.2 Factors Affecting Buying Decision 3.3 Consumer Product Adoption 3.4 Observations & Recommendations Chapter 4. Meat Substitutes Raw Material Outlook 4.1. Global Meat Substitutes Market Share by Raw Material, 2012 - 2022 4.2. Soy based 4.2.1. Market estimates and forecast, 2012 - 2022 (USD Million)
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4.2.2. Market estimates and forecast by region, 2012 - 2022 (USD Million) 4.3. Wheat based Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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