Meat Substitutes Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 9.37 Billion |
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Market Size (2029) | USD 15.99 Billion |
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Largest Share by Type | Textured Vegetable Protein |
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CAGR (2024 - 2029) | 11.28 % |
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Largest Share by Region | Europe |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Meat Substitutes Market Analysis
The Meat Substitutes Market size is estimated at 9.37 billion USD in 2024, and is expected to reach 15.99 billion USD by 2029, growing at a CAGR of 11.28% during the forecast period (2024-2029).
9.37 Billion
Market Size in 2024 (USD)
15.99 Billion
Market Size in 2029 (USD)
7.55 %
CAGR (2017-2023)
11.28 %
CAGR (2024-2029)
Largest Segment by Type
59.68 %
value share, Textured Vegetable Protein, 2023
Typically obtained in soy, wheat, and peas among other sources, TVP has gained popularity among food manufacturers as a functional and nutritious meat substitute.
Largest Segment by Region
33.86 %
value share, Europe, 2023
The popularity of protein-enriched plant-based diets and regional government promotions encouraging healthy living has led to Europeans decreasing their meat intake.
Fastest-growing Segment by Type
12.33 %
Projected CAGR, Tempeh, 2024-2029
Tempeh is increasing in demand in regions like Europe and Asia-Pacific due to its good meat substituting properties, ease to manufacture, and culinary versatility.
Fastest-growing Segment by Region
12.35 %
Projected CAGR, Asia-Pacific, 2024-2029
Consumption of meat substitutes is gaining traction in major countries like China, India, and Australia where people are looking for an adequate plant-based protein source.
Leading Market Player
4.48 %
market share, Beyond Meat Inc., 2022
The company's high-quality TVP products including pea and soy protein, with a broader protein range of 70-90% for broader application, make it the market leader.
Sustainability and environmental concerns are majorly driving the growth of a vegan society
- During 2019-2022, the sales value of meat substitutes observed a positive growth, registering a CAGR of 25.19%, owing to the increasing consciousness toward accommodating alternate protein sources to combat the adverse health troubles associated with animal protein, like cardiovascular diseases and diabetes. The increasing consciousness among people to choose an eco-friendly lifestyle is also pushing the demand for meat substitutes. While most meat products derived from livestock have a limited shelf life, meat alternatives derived from soybeans and other plant-based sources can remain fresh for an entire year, thus increasing their preference.
- TVP is the most consumed meat substitute worldwide. The sales value of TVP increased, registering a CAGR of 6.54% from 2017 to 2022. The emergence of TVP from sources like soy, wheat, and peas demonstrates a change in consumer demand from animal protein to plant protein with similar nutritional characteristics. Some major TVP manufacturers are ADM, Cargill, Ingredion Incorporated, and Kerry Group PLC. Key players are partnering with meat alternative manufacturers, like Beyond Meat, Impossible Foods, Eat Just, and Quorn, to increase their market penetration.
- Tempeh is projected to be the fastest-growing meat substitute, recording a CAGR of 12.04% by value during the forecast period. The high level of protein in tempeh makes it a suitable alternative to animal-derived meat. Among women, a soy-rich diet is scientifically proven to pose a lower risk of breast cancer, which currently affects approximately 2.3 million women worldwide. Tempeh is often fortified with vitamin B12, which is not bioavailable in plant-based foods, making it one of the ideal meat substitutes accommodated in one's diet.
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Rising health concerns and the launch of a wide range of meat substitutes boost sales
- Of all regions, Asia-Pacific is expected to be the fastest-growing region, with a projected CAGR value of 12.38% during the forecast period (2023-2029). This is due to a large vegetarian and flexitarian population, accounting for around 4.98 million vegetarians worldwide. Of these, 3.8 million were from India, a country that mainly prefers to consume vegetarian food. Therefore, such consumers look for meat-like texture products as a healthy alternative to meat. Inappropriate use of antibiotics in food animals contributes to antimicrobial resistance. Thus, meat substitutes can decrease the risk of global public health issues such as antibiotic resistance and zoonotic threats.
- Europe dominated the market with a 5% more market share than North America as of 2022. Rising government promotions for meat substitutes, like the committee on beating cancer, BECA, which aims to reduce meat consumption due to the high mortality rate of cancer (1.9 million deaths) and promotes plant-based meats as an alternative to meat consumption, are driving the European meat substitute market.
- However, the Middle East is estimated to be a high-growing region that consumes meat substitutes, with a projected CAGR of 11.79% during the forecast period (2023-2029). With the increasing expat population in countries like the United Arab Emirates (8.34 million) and Saudi Arabia (2.9 million), several new start-ups, like Vbites, Fazenda Futuro, and KBW ventures, are attracting customers toward meat substitutes. However, awareness about global warming and various health concerns of continuous meat consumption are also some reasons for the rising consumption of meat substitutes.
Global Meat Substitutes Market Trends
Rising soybean prices are impacting the prices of tempeh
- The average global price of tempeh grew by 0.93% between 2017 and 2022, mainly affected by soybean prices. As soybeans are the main ingredient used to make tempeh, the rising cost of soybeans in the global market contributes to the increasing tempeh prices. Prices of tempeh also depend on its variant. The market has seen the presence of numerous variants of tempeh, with plain tempeh being sold at a lower price than other value-added products. Organic tempeh is the most popular value-added tempeh form in the market and is sold at a premium price.
- Indonesia is the largest tempeh producer in the world and one of the largest soybean markets in Asia. In general, around 50% of Indonesian soybean consumption is in the form of tempeh. The need for imported soybeans to produce tofu and tempeh in Indonesia is expected to reach 3 million metric ton per year. Since the beginning of 2021, tempeh producers have experienced difficulties setting the price of their products and have chosen to reduce tempeh production by 30% to reduce production costs in line with the continuous increase in the price of imported soybeans. Indonesia experienced a price surge in the first half of 2022, caused by an increase in international commodity prices due to the war between Russia and Ukraine.
- In North America, soybean prices weakened in May 2023. The average price was 1,369 cents per bushel in May, 8.0% lower than April’s price but down by 17.6% from the same month last year. On May 31, 2023, the spot price was 1,300 cents per bushel, down by 10.0% from the same day of the previous month.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- TVP prices are anticipated to grow at a minimum rate owing to its improved market structure
- Inflation in soybean prices due to supply disruptions is having an effect on the market
Meat Substitutes Industry Overview
The Meat Substitutes Market is fragmented, with the top five companies occupying 10.22%. The major players in this market are Amy's Kitchen Inc., Beyond Meat Inc., Conagra Brands Inc., Impossible Foods Inc. and The Kellogg Company (sorted alphabetically).
Meat Substitutes Market Leaders
Amy's Kitchen Inc.
Beyond Meat Inc.
Conagra Brands Inc.
Impossible Foods Inc.
The Kellogg Company
Other important companies include Cargill Inc., China Foodstuff & Protein Group Co. Ltd, House Foods Group Inc., International Flavors & Fragrances Inc., Morinaga Milk Industry Co. Ltd, Vitasoy International Holdings Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Meat Substitutes Market News
- September 2023: House Food Groups Inc. acquired 100% of Keystone Natural Holdings, LLC (“KNH”), a leading manufacturer of tofu and plant-based foods in North America. The acquisition is meant to assist the company's expansion in United States and Europe with tofu as their core product.
- July 2023: Beyond Meat expanded its range in Germany with two new plant-based chicken-style products: Beyond Nuggets and Beyond Tenders in over 1,600 REWE stores across Germany.
- April 2023: Beyond Meat, a leader in plant-based meat, announced the launch of Beyond Pepperoni and Beyond Chicken Fillet, building on their recent rollout of Beyond Steak.
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We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
Meat Substitutes Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Tempeh
2.1.2. Textured Vegetable Protein
2.1.3. Tofu
2.2. Regulatory Framework
2.2.1. Australia
2.2.2. Canada
2.2.3. China
2.2.4. France
2.2.5. Germany
2.2.6. India
2.2.7. Italy
2.2.8. Japan
2.2.9. Mexico
2.2.10. United Kingdom
2.2.11. United States
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Type
3.1.1. Tempeh
3.1.2. Textured Vegetable Protein
3.1.3. Tofu
3.1.4. Other Meat Substitutes
3.2. Distribution Channel
3.2.1. Off-Trade
3.2.1.1. Convenience Stores
3.2.1.2. Online Channel
3.2.1.3. Supermarkets and Hypermarkets
3.2.1.4. Others
3.2.2. On-Trade
3.3. Region
3.3.1. Africa
3.3.1.1. By Type
3.3.1.2. By Distribution Channel
3.3.1.3. By Country
3.3.1.3.1. Egypt
3.3.1.3.2. Nigeria
3.3.1.3.3. South Africa
3.3.1.3.4. Rest of Africa
3.3.2. Asia-Pacific
3.3.2.1. By Type
3.3.2.2. By Distribution Channel
3.3.2.3. By Country
3.3.2.3.1. Australia
3.3.2.3.2. China
3.3.2.3.3. India
3.3.2.3.4. Indonesia
3.3.2.3.5. Japan
3.3.2.3.6. Malaysia
3.3.2.3.7. South Korea
3.3.2.3.8. Rest of Asia-Pacific
3.3.3. Europe
3.3.3.1. By Type
3.3.3.2. By Distribution Channel
3.3.3.3. By Country
3.3.3.3.1. France
3.3.3.3.2. Germany
3.3.3.3.3. Italy
3.3.3.3.4. Netherlands
3.3.3.3.5. Russia
3.3.3.3.6. Spain
3.3.3.3.7. United Kingdom
3.3.3.3.8. Rest of Europe
3.3.4. Middle East
3.3.4.1. By Type
3.3.4.2. By Distribution Channel
3.3.4.3. By Country
3.3.4.3.1. Bahrain
3.3.4.3.2. Kuwait
3.3.4.3.3. Oman
3.3.4.3.4. Qatar
3.3.4.3.5. Saudi Arabia
3.3.4.3.6. United Arab Emirates
3.3.4.3.7. Rest of Middle East
3.3.5. North America
3.3.5.1. By Type
3.3.5.2. By Distribution Channel
3.3.5.3. By Country
3.3.5.3.1. Canada
3.3.5.3.2. Mexico
3.3.5.3.3. United States
3.3.5.3.4. Rest of North America
3.3.6. South America
3.3.6.1. By Type
3.3.6.2. By Distribution Channel
3.3.6.3. By Country
3.3.6.3.1. Argentina
3.3.6.3.2. Brazil
3.3.6.3.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Amy's Kitchen Inc.
4.4.2. Beyond Meat Inc.
4.4.3. Cargill Inc.
4.4.4. China Foodstuff & Protein Group Co. Ltd
4.4.5. Conagra Brands Inc.
4.4.6. House Foods Group Inc.
4.4.7. Impossible Foods Inc.
4.4.8. International Flavors & Fragrances Inc.
4.4.9. Morinaga Milk Industry Co. Ltd
4.4.10. The Kellogg Company
4.4.11. Vitasoy International Holdings Ltd
5. KEY STRATEGIC QUESTIONS FOR MEAT SUBSTITUTES INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- TEMPEH PRICE PER METRIC TON, USD, GLOBAL, 2017 - 2023
- Figure 2:
- TEXTURED VEGETABLE PROTEIN PRICE PER METRIC TON, USD, GLOBAL, 2017 - 2023
- Figure 3:
- TOFU PRICE PER METRIC TON, USD, GLOBAL, 2017 - 2023
- Figure 4:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 5:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, GLOBAL, 2017 - 2029
- Figure 6:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 7:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, GLOBAL, 2017 - 2029
- Figure 8:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 9:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 10:
- VOLUME OF TEMPEH MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 11:
- VALUE OF TEMPEH MARKET, USD, GLOBAL, 2017 - 2029
- Figure 12:
- VALUE SHARE OF TEMPEH MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2022 VS 2029
- Figure 13:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, GLOBAL, 2017 - 2029
- Figure 15:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2022 VS 2029
- Figure 16:
- VOLUME OF TOFU MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 17:
- VALUE OF TOFU MARKET, USD, GLOBAL, 2017 - 2029
- Figure 18:
- VALUE SHARE OF TOFU MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2022 VS 2029
- Figure 19:
- VOLUME OF OTHER MEAT SUBSTITUTES MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE OF OTHER MEAT SUBSTITUTES MARKET, USD, GLOBAL, 2017 - 2029
- Figure 21:
- VALUE SHARE OF OTHER MEAT SUBSTITUTES MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2022 VS 2029
- Figure 22:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 23:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 24:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 25:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 26:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA OFF-TRADE, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 27:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA OFF-TRADE, USD, GLOBAL, 2017 - 2029
- Figure 28:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA OFF-TRADE CHANNELS, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 29:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA OFF-TRADE CHANNELS, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 30:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 31:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA CONVENIENCE STORES, USD, GLOBAL, 2017 - 2029
- Figure 32:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, GLOBAL, 2022 VS 2029
- Figure 33:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 34:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA ONLINE CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 35:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, GLOBAL, 2022 VS 2029
- Figure 36:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 37:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, GLOBAL, 2017 - 2029
- Figure 38:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, GLOBAL, 2022 VS 2029
- Figure 39:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA OTHERS, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 40:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA OTHERS, USD, GLOBAL, 2017 - 2029
- Figure 41:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, GLOBAL, 2022 VS 2029
- Figure 42:
- VOLUME OF MEAT SUBSTITUTES MARKET SOLD VIA ON-TRADE, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 43:
- VALUE OF MEAT SUBSTITUTES MARKET SOLD VIA ON-TRADE, USD, GLOBAL, 2017 - 2029
- Figure 44:
- VOLUME OF MEAT SUBSTITUTES MARKET BY REGION, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 45:
- VALUE OF MEAT SUBSTITUTES MARKET BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 46:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 47:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 48:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, AFRICA, 2017 - 2029
- Figure 49:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, AFRICA, 2017 - 2029
- Figure 50:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 51:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 52:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, AFRICA, 2017 - 2029
- Figure 53:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, AFRICA, 2017 - 2029
- Figure 54:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 55:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 56:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, AFRICA, 2017 - 2029
- Figure 57:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 58:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 59:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 60:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, EGYPT, 2017 - 2029
- Figure 61:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, EGYPT, 2017 - 2029
- Figure 62:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EGYPT, 2022 VS 2029
- Figure 63:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, NIGERIA, 2017 - 2029
- Figure 64:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, NIGERIA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NIGERIA, 2022 VS 2029
- Figure 66:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, SOUTH AFRICA, 2017 - 2029
- Figure 67:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, SOUTH AFRICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AFRICA, 2022 VS 2029
- Figure 69:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF AFRICA, 2017 - 2029
- Figure 70:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF AFRICA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF AFRICA, 2022 VS 2029
- Figure 72:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 75:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 76:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 79:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 80:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 82:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 83:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 84:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, AUSTRALIA, 2017 - 2029
- Figure 85:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 86:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AUSTRALIA, 2022 VS 2029
- Figure 87:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, CHINA, 2017 - 2029
- Figure 88:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, CHINA, 2017 - 2029
- Figure 89:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CHINA, 2022 VS 2029
- Figure 90:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, INDIA, 2017 - 2029
- Figure 91:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, INDIA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 93:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, INDONESIA, 2017 - 2029
- Figure 94:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, INDONESIA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDONESIA, 2022 VS 2029
- Figure 96:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, JAPAN, 2017 - 2029
- Figure 97:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, JAPAN, 2017 - 2029
- Figure 98:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, JAPAN, 2022 VS 2029
- Figure 99:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, MALAYSIA, 2017 - 2029
- Figure 100:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 101:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MALAYSIA, 2022 VS 2029
- Figure 102:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, SOUTH KOREA, 2017 - 2029
- Figure 103:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 105:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 106:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 107:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 108:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, EUROPE, 2017 - 2029
- Figure 109:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, EUROPE, 2017 - 2029
- Figure 110:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 111:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 112:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, EUROPE, 2017 - 2029
- Figure 113:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, EUROPE, 2017 - 2029
- Figure 114:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 115:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 116:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, EUROPE, 2017 - 2029
- Figure 117:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 118:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 119:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 120:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, FRANCE, 2017 - 2029
- Figure 121:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, FRANCE, 2017 - 2029
- Figure 122:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, FRANCE, 2022 VS 2029
- Figure 123:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, GERMANY, 2017 - 2029
- Figure 124:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, GERMANY, 2017 - 2029
- Figure 125:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GERMANY, 2022 VS 2029
- Figure 126:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, ITALY, 2017 - 2029
- Figure 127:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, ITALY, 2017 - 2029
- Figure 128:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ITALY, 2022 VS 2029
- Figure 129:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, NETHERLANDS, 2017 - 2029
- Figure 130:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, NETHERLANDS, 2017 - 2029
- Figure 131:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NETHERLANDS, 2022 VS 2029
- Figure 132:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, RUSSIA, 2017 - 2029
- Figure 133:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, RUSSIA, 2017 - 2029
- Figure 134:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, RUSSIA, 2022 VS 2029
- Figure 135:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, SPAIN, 2017 - 2029
- Figure 136:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, SPAIN, 2017 - 2029
- Figure 137:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SPAIN, 2022 VS 2029
- Figure 138:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, UNITED KINGDOM, 2017 - 2029
- Figure 139:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, UNITED KINGDOM, 2017 - 2029
- Figure 140:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2022 VS 2029
- Figure 141:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF EUROPE, 2017 - 2029
- Figure 142:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF EUROPE, 2017 - 2029
- Figure 143:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF EUROPE, 2022 VS 2029
- Figure 144:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 145:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, MIDDLE EAST, 2017 - 2029
- Figure 146:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 147:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 148:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 149:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, MIDDLE EAST, 2017 - 2029
- Figure 150:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 151:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 152:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 153:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
- Figure 154:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 155:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 156:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, BAHRAIN, 2017 - 2029
- Figure 157:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, BAHRAIN, 2017 - 2029
- Figure 158:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, BAHRAIN, 2022 VS 2029
- Figure 159:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, KUWAIT, 2017 - 2029
- Figure 160:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, KUWAIT, 2017 - 2029
- Figure 161:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, KUWAIT, 2022 VS 2029
- Figure 162:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, OMAN, 2017 - 2029
- Figure 163:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, OMAN, 2017 - 2029
- Figure 164:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, OMAN, 2022 VS 2029
- Figure 165:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, QATAR, 2017 - 2029
- Figure 166:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, QATAR, 2017 - 2029
- Figure 167:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, QATAR, 2022 VS 2029
- Figure 168:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 169:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 170:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SAUDI ARABIA, 2022 VS 2029
- Figure 171:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 172:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 173:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED ARAB EMIRATES, 2022 VS 2029
- Figure 174:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF MIDDLE EAST, 2017 - 2029
- Figure 175:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 176:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF MIDDLE EAST, 2022 VS 2029
- Figure 177:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 178:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 179:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 180:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 181:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 182:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 183:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 184:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 185:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 186:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 187:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 188:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 189:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 190:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, CANADA, 2017 - 2029
- Figure 191:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 192:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 193:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, MEXICO, 2017 - 2029
- Figure 194:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 195:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 196:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 197:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 198:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 199:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 200:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 201:
- VOLUME OF MEAT SUBSTITUTES MARKET BY TYPE, METRIC TONS, SOUTH AMERICA, 2017 - 2029
- Figure 202:
- VALUE OF MEAT SUBSTITUTES MARKET BY TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 203:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 204:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 205:
- VOLUME OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, SOUTH AMERICA, 2017 - 2029
- Figure 206:
- VALUE OF MEAT SUBSTITUTES MARKET BY DISTRIBUTION CHANNEL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 207:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 208:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 209:
- VOLUME OF MEAT SUBSTITUTES MARKET BY COUNTRY, METRIC TONS, SOUTH AMERICA, 2017 - 2029
- Figure 210:
- VALUE OF MEAT SUBSTITUTES MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 211:
- VOLUME SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 212:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 213:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, ARGENTINA, 2017 - 2029
- Figure 214:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, ARGENTINA, 2017 - 2029
- Figure 215:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ARGENTINA, 2022 VS 2029
- Figure 216:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, BRAZIL, 2017 - 2029
- Figure 217:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, BRAZIL, 2017 - 2029
- Figure 218:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, BRAZIL, 2022 VS 2029
- Figure 219:
- VOLUME OF MEAT SUBSTITUTES MARKET, METRIC TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 220:
- VALUE OF MEAT SUBSTITUTES MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 221:
- VALUE SHARE OF MEAT SUBSTITUTES MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 222:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2020 - 2023
- Figure 223:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 224:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Meat Substitutes Industry Segmentation
Tempeh, Textured Vegetable Protein, Tofu are covered as segments by Type. Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- During 2019-2022, the sales value of meat substitutes observed a positive growth, registering a CAGR of 25.19%, owing to the increasing consciousness toward accommodating alternate protein sources to combat the adverse health troubles associated with animal protein, like cardiovascular diseases and diabetes. The increasing consciousness among people to choose an eco-friendly lifestyle is also pushing the demand for meat substitutes. While most meat products derived from livestock have a limited shelf life, meat alternatives derived from soybeans and other plant-based sources can remain fresh for an entire year, thus increasing their preference.
- TVP is the most consumed meat substitute worldwide. The sales value of TVP increased, registering a CAGR of 6.54% from 2017 to 2022. The emergence of TVP from sources like soy, wheat, and peas demonstrates a change in consumer demand from animal protein to plant protein with similar nutritional characteristics. Some major TVP manufacturers are ADM, Cargill, Ingredion Incorporated, and Kerry Group PLC. Key players are partnering with meat alternative manufacturers, like Beyond Meat, Impossible Foods, Eat Just, and Quorn, to increase their market penetration.
- Tempeh is projected to be the fastest-growing meat substitute, recording a CAGR of 12.04% by value during the forecast period. The high level of protein in tempeh makes it a suitable alternative to animal-derived meat. Among women, a soy-rich diet is scientifically proven to pose a lower risk of breast cancer, which currently affects approximately 2.3 million women worldwide. Tempeh is often fortified with vitamin B12, which is not bioavailable in plant-based foods, making it one of the ideal meat substitutes accommodated in one's diet.
| Type | |
| Tempeh | |
| Textured Vegetable Protein | |
| Tofu | |
| Other Meat Substitutes |
| Distribution Channel | ||||||
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| On-Trade |
| Region | ||||||||||||||
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Market Definition
- Meat Substitutes - It is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat substitutes typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics.
- Tempeh - It is a high protein Asian food prepared by fermenting soybeans with a Rhizopus.
- Textured Vegetable Protein - Food items made from consumable protein sources like soybean, pea, wheat, hemp, etc., are known as textured vegetable proteins. Each unit will withstand hydration during cooking and other processes used in preparing the food for consumption because it has structural integrity and a distinguishable texture.
- Tofu - Tofu is a soft food product prepared by treating soybean milk with coagulants.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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