Market Share of South America Meat Substitute Industry
The market is competitive and fragmented due to the presence of various local and international players in the segment. The major players in the market are Beyond Meat Inc., Tyson Foods Inc., Kellogg's Co., Turtle Island Foods (Tofurky), and Impossible Foods Inc. The key players are focusing on product development and innovation to meet the consumers' needs by offering a variety in taste and quality to maintain premiumization. Some major players use mergers and acquisitions as their key strategy to maintain dominance over other players in the industry.
South America Meat Substitute Market Leaders
Kellogg's Company
Turtle Island Foods (Tofurky)
Tyson Foods, Inc.
Impossible Foods Inc.
Beyond Meat, Inc.
*Disclaimer: Major Players sorted in no particular order
