Meat substitutes market is highly fragmented, due to the presence of numerous small players. These products are being primarily consumed by individuals who avoid products with cholesterol and fat. Individuals who consume it on a regular basis are more prone to develop health problems such as obesity and atherosclerosis. Share this article. The global meat substitute market size was valued at $7.5 billion by 2025, registering a CAGR of 7.7% during the forecast period (2018-2025). The market is slated to …
The market is expected to witness a healthy CAGR of 7.5% during the forecast period. It seems that Chloe’s prediction was spot on, as a new report from Informa’s Agribusiness Intelligence has recently confirmed that their research indicates a 25% growth in the UK meat substitute market by 2021.. However, most of the population is now turning towards the consumption of meat substitutes to fulfill the protein needs. Meat is an excellent source of protein but contains high level of cholesterol and saturated fats. The report "Meat Substitutes Market by Source (Soy protein, Wheat protein, Pea protein), Type (Concentrates, Isolates, and Textured), Product (Tofu, Tempeh, Seitan, and Quorn), Form (Solid and Liquid), and Region - Global Forecast to 2026", is projected to reach USD 3.5 billion by 2026, from USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period.
The North American meat substitute market favors both larger and local manufacturers that compete in multiple segments. The Meat Substitute Market Report forecast the meat substitute market to grow by 8.4% during the period of 2015–2020.The market was valued at £2.9bn ($3.75bn) in 2015. Higher demand for plant-based meat products contributes to the growth of the meat substitutes market, by source. Growing preference for vegan diet coupled with rising health awareness is expected to fuel market demand in the near future. The Europe Meat Substitute Market Size is anticipated to experience a growth of 5.4% during the forecast period (2017 - 2023). Global meat substitutes market revenue was estimated at 4.8 (USD Billion) in 2019 and is projected to be valued at nearly 6.8 (USD Billion) by 2025. Meat substitutes are products that resemble actual meat in terms of taste, flavor, and appearance but are healthier than meat. Plant-based protein ingredients have proved to be a better substitute for meat products. Research and Markets Mar 23, 2018, 05:00 ET. Consuming meat is an essential part of life for many people. Who are the top competitors in this market and what strategies do they employ to gain shares?
Meat Substitute Market is expected to grow at a CAGR of 8.4% from 2017 to 2025. Global Meat Substitute Market size is projected to be valued $7.3 Billion by 2025; with a CAGR of 7.0% from 2017 to 2025. In 2017, Campbell Soup Company acquired the Pacific Foods of Oregon LLC for USD 700 million. Meat Substitute Market Size, Share & Industry Analysis, By Source (Soy-based Ingredients, Wheat-based Ingredients, Textured Vegetable Proteins, and Other grain-based Ingredients), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Other Retail Channels, and Foodservice), and Regional Forecasts 2019 - 2026 This is due to their high protein value, along with their texture, which enhances the taste of the final products. Meat substitutes are products healthful as competed to meat and are consumed by vegan consumers or ind Meat Substitute Market size was valued at $8.1 billion by 2026, Growing at a CAGR of 7.8%. Key players, like Kellogg’s, Conagra Brands Inc., and The Campbell Soup Company, entered the market, by acquiring small meat substitute companies. Meat Substitutes Market 2018 - Global Forecast to 2023 News provided by. The global meat substitutes market size is expected to reach USD 5.81 billion by 2022, according to a new report by Grand View Research, Inc. In 2017 Europe dominated for 38.5% of the global market share. The UK meat substitutes industry will grow by 25% by 2021, according to research from Informa’s Agribusiness Intelligence.
By 2021, the UK milk alternative sector is predicted to rise by 43%.
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