“MarketsandMarkets™”
The rising consciousness amongst shoppers relating to environmental points attributable to meat consumption is driving the demand for meat substitutes.
The report “Meat Substitutes Market by Supply (Soy Protein, Wheat Protein, Pea Protein, and Different Sources), Product (Tofu, Tempeh, Seitan, Quorn, and Different Merchandise), Sort (Textured, Concentrates, and Isolates), Kind, Class, and Area – World Forecast to 2027″, the worldwide meat substitutes market measurement is estimated to be valued at USD 1.9 billion in 2021. It’s projected to achieve USD 4.0 billion by 2027, recording a CAGR of 13.5%, when it comes to worth. The rising consciousness amongst shoppers relating to environmental points attributable to meat consumption is driving the demand for meat substitutes.
Obtain PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=979
The seitan section is projected to develop at a excessive CAGR within the meat substitutes market
Based mostly on product, seitan section is forecasted to develop at a excessive CAGR. Seitan imbibes the flavour of the meals it’s cooked with. Relying on the cooking technique, it may replicate the style of steak, rooster, pork, or sausage. As a result of wheat is a crop native to most Asian nations, the manufacturing of seitan is feasible at a regional stage. Seitan is widespread in Japan, China, and different East and Southeast Asian nations.
The wheat protein section accounts for the second-largest market share within the meat substitutes market
Based mostly on supply, wheat protein section is the second-largest section within the total meat substitutes market. Wheat protein is a low-fat protein most popular by producers of low-fat and high-protein meals in response to the rising development of low-fat diets. It additionally acts as a binder in meatballs, meatloaf, veggie burgers, and tofu.
The textured section is projected to account for the biggest market share within the meat substitute market in the course of the forecast interval
By sort, the meat substitute market is segmented into confectioneries, textured, and isolates. Textured protein, also called Textured Vegetable Protein (TVP), is a meat substitute made usually from soybean. Nevertheless, firms have been exploring the appliance of different sources, comparable to oats, wheat, cottonseed, or different crops, as properly.
The liquid section is projected to account for the second-largest share within the meat substitutes market in the course of the forecast interval
By type, the meat substitutes market is segmented into stable and liquid. Liquid section accounted for the second-largest market share within the total meat substitutes market. Liquid meat substitutes embrace concentrates and textured proteins, the demand for which is lesser in comparison with the stable type. Liquid plant proteins are majorly used as an emulsifier within the plant-based meat trade.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=979
Asia Pacific’s development is attributed to the growing consciousness of wholesome dietary habits amongst shoppers. The important thing elements driving development within the Asia Pacific area embrace well being advantages, animal welfare, setting security, price affordability, and the rising number of plant-based meat merchandise. The attention by means of international animal welfare organizations, comparable to Individuals for the Moral Remedy for Animals (PETA), has led to individuals contemplating a meat-free weight loss program. Non-meat-based meals are already widespread in Asia, with tofu used extensively in Asian cuisines and bean-based congees broadly consumed in nations comparable to China. This makes the Asia Pacific area the fastest-growing potential marketplace for meat substitutes.
This report features a examine on the advertising and marketing and growth methods, together with the product portfolios of main firms. It consists of profiles of main firms, comparable to DuPont (US), ADM (US), Kerry Group (Eire), Ingredion Integrated (US), Roquette Frères (France), PURIS (US), Cargill (US), Axiom Meals (US), MGP Components (US), The High Well being Components (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar Worldwide Restricted (Singapore), Sotexpro S.A (France), The Nisshin OilliO Group, Ltd (Japan), and A&B Components (Canada).
About MarketsandMarkets™
MarketsandMarkets™ gives quantified B2B analysis on 30,000 excessive development area of interest alternatives/threats which can impression 70% to 80% of worldwide firms’ revenues. At present servicing 7500 clients worldwide together with 80% of worldwide Fortune 1000 firms as purchasers. Virtually 75,000 high officers throughout eight industries worldwide strategy MarketsandMarkets™ for his or her painpoints round revenues choices.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are monitoring international excessive development markets following the “Progress Engagement Mannequin – GEM”. The GEM goals at proactive collaboration with the purchasers to establish new alternatives, establish most vital clients, write “Assault, keep away from and defend” methods, establish sources of incremental revenues for each the corporate and its opponents. MarketsandMarkets™ now developing with 1,500 MicroQuadrants (Positioning high gamers throughout leaders, rising firms, innovators, strategic gamers) yearly in excessive development rising segments. MarketsandMarkets™ is decided to profit greater than 10,000 firms this 12 months for his or her income planning and assist them take their improvements/disruptions early to the market by offering them analysis forward of the curve.
MarketsandMarkets’s flagship aggressive intelligence and market analysis platform, “Knowledgestore” connects over 200,000 markets and whole worth chains for deeper understanding of the unmet insights together with market sizing and forecasts of area of interest markets.
Media Contact
Firm Title: MarketsandMarkets
Contact Particular person: Mr. Aashish Mehra
E-mail: Send Email
Telephone: 18886006441
Tackle:630 Dundee Street Suite 430
Metropolis: Northbrook
State: IL 60062
Nation: United States
Web site: https://www.marketsandmarkets.com/Market-Reports/meat-substitutes-market-979.html
