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Global Meat Substitutes Market is segmented by Product Type (Tofu, Tempeh, TVP, Seitan, and Other Product Types), Distribution Channel (Supermarket/ Hypermarkets, Convenience Stores, Online Stores, and Others), and Geography
Fastest Growing Market:
Global meat substitutes market is projected to grow at a CAGR of 7.9% during the forecast period.
Global meat substitutes market offers a range of products, including tofu, tempeh, TVP, seitan, and other product types. Additionally, the report spans market revenue of distribution channels broadly supermarket/ hypermarkets, convenience stores, online stores, and others. The study also covers the global level analysis of the major regions, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
|TVP ( Textured Vegetable Protein)|
|Other Product Types|
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The market for meat-based proteins recorded high demand, globally, in the past decade, with most of the population in Europe and North America highly dependent on the meat products for necessary, daily protein intake. Though meat proteins provide the required content of amino acid for the body, they are highly associated with cholesterol content, which proved to be a leading cause for serious health issues. This became the primary reason for an increase in the demand for plant-based protein food, especially in developed countries, like the United States, Germany, France, and the United Kingdom. With modified technologies, the companies are targeting consumers, by coming up with innovative products with similar properties as real meat. These meat substitutes are made with a combination of soy, wheat, and pea protein to attain the desired structure. With the adoption of western cuisine, the countries in Asia are also shifting toward meat substitutes, which is expected to drive the market. Australia and China are the two major countries that are rapidly shifting toward plant-based proteins.
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Meat substitutes market is highly fragmented, due to the presence of numerous small players. Key players, like Kellogg’s, Conagra Brands Inc., and The Campbell Soup Company, entered the market, by acquiring small meat substitute companies. In 2017, Campbell Soup Company acquired the Pacific Foods of Oregon LLC for USD 700 million. This acquisition is expected to help in strengthening Campbell’s health and well-being portfolio in the growing natural and organic category. In the North American region, other small players, like Amy's Kitchen Inc., Beyond Meat Inc., and Impossible Foods Inc., are focusing on gaining significant market shares in the meat substitutes market. In Europe, sales volume of companies, such as Quorn, Vivera, Beyond Meat, and Schouten have been increasing, since the past few years, owing to the high demand for meat substitute products.
1.1 Study Deliverables & Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1.3 TVP ( Textured Vegetable Protein)
5.1.5 Other Product Types
5.2 Distribution Channel
5.2.1 Supermarket/ Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Stores
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.3 Asia - Pacific
184.108.40.206 Rest of Asia - Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Rest of Middle East & Africa
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Market Positioning of Key Players
6.3 Company Profiles
6.3.1 Conagra Brands Inc.
6.3.2 Amy's Kitchen Inc.
6.3.3 Blue Chip Group
6.3.4 The Campbell Soup Company
6.3.5 Beyond Meat Inc.
6.3.6 Vegabom Healthy Option
6.3.7 The Superbom
6.3.8 The Tofurky Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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