Global
Meat Alternatives Market: Overview
The
market for meat alternatives, which are also called as meat
substitute, meat analogue, vegan meat, and vegetarian meat, is
flourishing on the back of changing dietary preferences of large
masses from non-vegetarian to vegetarian and even vegan. These meat
alternatives are almost similar in texture, flavor, and appearance as
meat products but are made essentially using plant-based ingredients
such as soy, mushroom, wheat gluten, tempeh, and tofu. The finished
products are added with flavors for the improvement of taste and
match that of meat sausages, ham, beef, chicken, seafood, and lamb.
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According
to this report, the demand in the global meat alternatives market
will expand at a notable CAGR during the forecast period of 2017 to
2025. This report on the global meat alternatives market has been
compiled by an esteemed group of experienced research analysts who
specialize in the industry of food and beverage and understand the
commerce of it. It includes an elaborated overview of the current
condition of the market for meat alternatives and provides insights
into its futuristic potential based on in-depth analysis of various
dynamics that will define the demand, such as drivers, trends, and
restraints. The report segments the market into smaller aspects and
gauges the potential of demand that can be expected out of various
regions and countries. To finish a comprehensive study, the report
also contains a featured chapter on the competitive landscape,
representing which companies are currently ahead of the curve and
what scenario of shares can be expected towards the end of 2025.
Global
Meat Alternatives Market: Trends and Opportunities
Growing
ubiquity of smartphones and deepening penetration of social media has
radically changed eating habits of large masses, particularly among
the urban population who are now earning a considerable amount of
disposable income than ever before. Meat is now considered a food
ingredient that must be consumed sparingly owing to its relatively
negative impact on human body in comparison to plant based vegetarian
food. These meat alternatives help people from different countries
with diverse taste-buds to find their match while maintaining dietary
choices and consequently, the demand is expanding. Increasing health
awareness and meat adulteration scandals, increasing health concerns
for pets, environmental issues, and penetration of modernized retail
chain are some of the other factors augmenting the demand in the
global meat alternatives market. On the other hand, ill-effects of
meat substitutes and availability of genetically modified soybeans
are some of the factors obstructing the prosperity of the global meat
alternatives market.
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Global
Meat Alternatives Market: Regional Analysis
The
analysts of the report have observed an escalation in the consumption
of meat in Asia Pacific in the recent past, and projected it as a
region from where the demand will be incrementing aggressively,
whereas North America is expected to remain the most profitable
region in terms of volume of demand. A number of global companies
have already made a foray into emerging economies such as China,
India, Japan, and South Korea, spreading the word and opening up new
revenue avenues. Based on source, the meat alternatives market can be
segmented into soy-based, wheat-based, mycoprotein, and others such
as milk-based, and rice-based.
Global
Meat Alternatives Market: Competitive Landscape
E.
I. du Pont de Nemours and Company, Archer Daniels Midland Company
(ADM), Amy’s Kitchen Inc., Garden Protein International, Inc.,
Morningstar Farms LLC., Quorn Foods, Inc., Meatless B.V., MGP
Ingredients Inc., Vbites Food Ltd., Morning Star Farms, Beyond Meat,
Blue Chip Group, Cauldron Foods UK are some of the notable companies
currently operating in the global meat alternatives market.
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