Market Highlights
Due to the large number of health benefits advantages with meat substitutes consumption, the market is growing at an incremental pace. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Meat Substitutes Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Rising population of vegan consumers and increasing awareness about health benefits obtained from meat substitutes have prompted the growth of the product in the global market. Rising campaigns on animal welfare have influenced the positive sale of meat alternatives among the vegan consumers. Health benefits gained out of meat substitutes consumption are the main drivers to the development of this segment. Growth of the functional foods manufactured out of plant-based products has also provided an impetus for the increased demand of this sector.
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Key Players
The key players profiled in Meat Substitutes are Beyond Meat (U.S.), Garden Protein International, Inc. (Canada), Amys Kitchen Inc. (U.S.), Quorn Foods (U.K.), MGP Ingredients Inc. (U.S.), Sonic Biochem Extractions Limited (India), Meatless B.V. (The Netherlands) and Cauldron Foods (U.K.) among many others.

Regional Analysis
The global Meat Substitutes market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global dietary market is highly dominated by North America and Europe due to rising population of vegan consumers in the region. APAC is the fastest growing region based on increasing inclination of consumers towards healthy life-style and shift in food consumption pattern. The consumption of Meat Substitutes in countries like the U.S., the U.K and China is expected to grow in upcoming years.

Segmentation
The global Meat Substitutes market has been divided into source, type, distribution channel and region.
On The Basis Of Source: Soy-Based, Wheat-Based, Mycoprotien and Others

On The Basis Of Type: Tofu, Tempeh, Tvp (Textured Vegetable Protein), Quorn, Seitan, Miso, Yaso and Others
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