Global Meat Substitutes Market 2015-2020: Tofu & Tofu Ingredients, Tempeh, TVP, Quorn, Other Soy Products, Seitan, & Others Breakdown of the $5.17 Billion Industry
DUBLIN, Sep. 04, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hnb8jm/meat_substitutes) has announced the addition of the "Meat Substitutes Market by Type (tofu & tofu ingredients, tempeh, TVP, quorn, other soy products, seitan, & others), Source (soy-based, wheat-based, mycoprotein, & others), Category (frozen & refrigerated), & by Region - Global Forecast to 2020" report to their offering.
Plant-based meat substitutes are used since they replace meat & meat products both in taste and texture. The popularity of vegetarian diets on the global level is also increasing.
Meat substitutes are gaining more significance in the market with a rise in health concerns of consumers, globally. Other important factors that contribute to the success of the meat substitutes market are increase in the adoption rate of vegan & vegetarian diets, increasing health concerns for pets, environmental issues, and the presence of modernized retail chains in emerging markets.
The meat substitutes market was valued at USD 3.8 Billion and is projected to grow at a CAGR of 6.4% between 2015 and 2020 to reach a value of USD 5.17 Billion. Europe dominated the market in 2014 and accounted for the largest share in the total meat substitutes market in 2014. The Asia-Pacific region is projected to be the fastest-growing market for the period considered for this study. In terms of types, the tofu & tofu ingredients segment was the largest for meat substitutes whereas in terms of source, soy-based was the largest in 2014. The frozen segment was the largest for meat substitutes in terms of category, in 2014.
The meat substitutes market is characterized by intense competition due to the presence of a large number of both large and small-scale firms. Numerous manufacturers, mainly small-to medium-sized, exist worldwide and have been producing meat substitute products similar in quality and quantity for decades.
Expansions, acquisitions, agreements, and new product launches are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Amy's Kitchen (U.S.), Beyond Meat (U.S.), Sonic Biochem Extractions Limited (India), MGP Ingredients (U.S.), and Garden Protein International Inc. (Canada).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Meat Substitutes Market, By Type
8 Meat Substitutes Market, By Source
9 Meat Substitutes Market, By Category
10 Meat Substitutes Market, By Region
11 Competitive Landscape
12 Company Profiles
- AMY's Kitchen Inc.
- Beyond Meat
- Garden Protein International Inc.
- MGP Ingredients Inc.
- Meatless B.V.
- Morningstar Farms
- Quorn Foods
- Sonic Biochem Extractions Ltd.
- The Nisshin Ollio Group Ltd.
- Vbites Foods Ltd.
For more information visit http://www.researchandmarkets.com/research/hnb8jm/meat_substitutes
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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