Meat Substitutes Market Overview:
Meat substitutes market is gradually becoming mainstream as products under the sector are fast gaining recognition. The global meat substitutes market is expecting a substantial growth with which it can scale USD 9.25 billion during the forecast period (2018-2023), reveals Market Research Future (MRFR) in a well-analyzed study that includes drivers such as shifting consumer trends, innovation in meat substitutes, new product launches, and growing tendency to become vegan.
These factors have led many food brands in channelizing their efforts towards research & development, and these substitutes go in sync with the idea of food sustainability which can be considered essential for the global market growth. This has encouraged further investments in the sector that has a broadened the horizon for expansion. However, consumer’s growing preference for gluten-free products can be set back for seitan, and other wheat-based substitutes which can hold back the regular growth of the meat substitutes market during the forecast period.
Receive a Premium Sample Of This Report @ https://www.marketresearchfuture.com/sample_request/1969
Meat Substitutes Market Player:
Significant meat substitutes market player are AMY's Kitchen, Inc., Beyond Meat, Quorn Foods, Inc, Garden Protein International, Inc., Blue Chip Group, MorningStar Farms L.C., VBites Foods, Ltd., Schouten Europe B.V., Sunfed, Ltd., and others.
The market is heavily banking on strategies implemented by major companies. Its rival meat industry has already gained a significant foothold, and in order to crack the former’s base, innovative tactics are needed. For instance, Beyond Meat’s positioning of products in stores to Beyond Burger’s tweaking of the taste. Apart from these, merger, collaboration, acquisition, and other methods play a significant role. Beyond Meat is stepping into the U.K. market by inking a distribution deal with Authentic Food Co. MorningStar Farms L.C., on the other hand, has launched their vegan BBQ Chik'N Nuggets, and their vegan burgers are already a hit.
Read a Presentation Of This Report @ https://www.slideshare.net/chitradeo00777/meat-substitutes-market-115417804
The company has implemented a strategy in the U.S., where they have placed their product alongside meat products and witnessed a growth in their sales as more people have now realized that sustainable foods are the future. They are now ready to play the same game in Europe.
Tesco’s vegan-friendly Beyond Burger is fast-becoming popular as people are now opting more for healthier foods.
Beyond Meat is another brand which is successfully promoting their products by adopting a technique of tweaking their product taste a bit on a regular basis.
Based on source, the meat substitutes market can be segmented into soy, wheat, mycoprotein, and others.
Based on category, the meat substitutes market includes frozen, refrigerated, and ambient.
Based on distribution channel, the meat substitutes market can be segmented into store-based, and non-store based.
The Global Meat Substitutes Market can be segmented by product type, source, category, and distribution channel.
By product type, the meat substitutes market can be segmented into tofu & tofu products, textured vegetable protein, tempeh, other soy-based products, seitan, quorn, and other meat substitute products.
The region is much concerned about the potential eco-disaster which is why many of the populace has shifted towards sustainable foods and in the process, have given rise to meat substitutes sale. Geographic analysis of the global meat substitutes market includes North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). Europe is expected to dominate the market substantially during the forecast period.
North America is also becoming a hotbed for the said market. With many people opting for veganism, the region is witnessing a surge in sales of such products. The APAC market is expected to become the fastest growing region. Changing lifestyle and rise in disposable income are expected to drive the regional market forward.
Table Of Content:
Market Factor Analysis
Global Meat Substitutes Market, by Product Type
Global Meat Substitutes Market, by Source
Global Meat Substitutes Market, by Category
Global Meat Substitutes Market, by Distribution Channel
Global Meat Substitutes Market, by Region
List of Tables
List of Figures
Browse Complete Cooked Research Report Enabled with Respective Tables and Figures is Available @ https://www.marketresearchfuture.com/reports/meat-substitutes-market-1969