Meat Substitute Market Leading Companies Analysis, Revenue, Trends and Forecasts 2029

Posted February 17, 2023 by pranit10

Meat Substitute Market size was valued at US$ 1.89 Bn. in 2021 and the total Meat Substitute revenue is expected to grow at 13.5% through 2022 to 2029, reaching nearly US$ 5.20 Bn.
Meat Substitute Market Overview:

The Meat Substitute Market Research Report offers a thorough analysis of market strategy, micro and macroeconomic trends and scenarios, price analysis, short-term market conditions, and a close examination of key competitors. In-depth analyses of market drivers, market share, important market categories, and regional market data are included in the research's primary and secondary research methods sections. Meat Substitute Market Analysis investigates important industries, partnerships, M&A, as well as contemporary innovation and market strategy.

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Market Dynamics:

In the past ten years, the demand for meat-based proteins has increased significantly on the global market. For their daily protein needs, most people in Europe and North America turn to meat products. The body needs animal proteins to get its amino acids, but they are also high in cholesterol and can cause a number of serious health problems. In developed countries like the United States, Germany, France, and the United Kingdom, this became the main factor driving the increase in demand for plant-based protein foods. Numerous countries, including the United States and the United Kingdom, have seen an increase in the vegan population. Vegan food options are becoming more and more popular with consumers. The International Congress of Meat Science and Technology reports that consumers are growing more concerned about consuming fat and believe that red meat is rich in fat, whereas sources of vegetable protein as raw material for burger patties are fat-free. As a result, the popularity of plant-based burgers will propel the market for meat substitutes.


According to Source, one of the most popular cereal grains consumed worldwide is wheat. Manufacturers of low-fat and high-protein foods prefer wheat protein as a low-fat protein in response to the rising popularity of low-fat diets. Meatballs, meatloaf, and veggie burgers all utilise it as a binder. Wheat proteins can be flavoured with ginger, garlic, soy sauce, paprika, and fennel. They are inexpensive and can be used in a variety of food products, such as nuggets, burger patties, and sausages. Worldwide, several plant-based protein producers are actively producing a variety of plant proteins for use in foods and beverages. Wheat offers consumers who do not have food allergy concerns antioxidants, vitamins, minerals, and fibre.

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Key Players:

Ingredion Incorporated (US)
Roquette Frères (France)
Cargill (US)
Axiom Foods (US)
Sonic Biochem Ltd (India)
Crespel&Deiters (Germany)
Wilmar International Limited (Singapore)
Sotexpro S.A (France)
The Nisshin OilliO Group, Ltd (Japan)
A&B Ingredients (Canada)
Batory Foods (US)
All Organic Treasures GMBH (Germany)
The Green Labs LLC (US)
Regional Analysis:

The Meat Substitute market is divided among Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Meat Substitute Industry Research examines the major market geographies, segments, and sub-segments. The Meat Substitute market study includes the geographic characteristics of the area and the total market revenue in addition to a thorough analysis of the business chain structure, opportunities, and company reports.

Key Questions answered in the Meat Substitute Market Report are:

What is Meat Substitute Market?
What is the forecast period of the Meat Substitute Market?
What is the competitive scenario of the Meat Substitute market?
Which region held the largest market share in the Meat Substitute Market?
What are the opportunities for the Meat Substitute Market?
What factors are affecting the Meat Substitute market growth?
Who are the key players of the Meat Substitute market?
Which company held the largest share in the Meat Substitute market?
What will be the CAGR of the Meat Substitute market during the forecast period?
What key trends are likely to emerge in the Meat Substitute market in the coming years?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029.
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Meat Substitute
Landscape- Leading key players and other prominent key players.
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By MMR
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Categories Food
Tags meat substitute market
Last Updated February 17, 2023