100+ datasets found
  1. m

    Meat Substitutes Market Size & Share Analysis - Industry Research Report -...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jan 2, 2025
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    Mordor Intelligence (2025). Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/meat-substitutes-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Global
    Description

    The Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu), by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

  2. Global meat substitutes market revenue 2018-2030

    • ai-chatbox.pro
    • statista.com
    Updated Jun 3, 2025
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    Nils-Gerrit Wunsch (2025). Global meat substitutes market revenue 2018-2030 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F9130%2Fveganism-and-vegetarianism-in-the-netherlands-and-belgium%2F%23XgboD02vawLZsmJjSPEePEUG%2FVFd%2Bik%3D
    Explore at:
    Dataset updated
    Jun 3, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Nils-Gerrit Wunsch
    Description

    In 2024, the market value of plant-based meat substitutes worldwide was estimated to be worth 10.33 billion U.S. dollars. This figure is estimated to steadily increase over the coming years and reach roughly 14.32 billion in 2028. Meat substitutes Meat substitutes are plant-based products that try to emulate meat products in taste, texture, smell, and appearance. These alternatives exist in a high variety of forms, like the diversity of meat products they are imitating. Plant-based products have achieved a strong position in the market and are now a mainstay in many grocery stores around the world. Currently, over 660 million kilograms of meat substitutes are consumed globally. Consumer adoption varies significantly across the globe. Vietnam, Thailand, and the Netherlands show the highest rate of regular consumption of meat substitutes among their populations.Meat Substitutes in the United StatesIn the United States, meat substitutes get regularly consumed by 11 percent of consumers. To put this number into perspective, a comparison to other products is useful. In the same survey, about 54 percent of consumers stated that they regularly consume bread and bakery products, and the same share of respondents eat potatoes regularly. Both categories show regular consumption levels of around five times the level of meat substitutes. In total, the market in the U.S. alone generates an annual revenue of 1.4 billion U.S. dollars.

  3. Meat Substitutes Market Analysis - Size, Share, & Forecast Outlook 2025 to...

    • futuremarketinsights.com
    html, pdf
    Updated Jun 28, 2025
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    Future Market Insights (2025). Meat Substitutes Market Analysis - Size, Share, & Forecast Outlook 2025 to 2035 [Dataset]. https://www.futuremarketinsights.com/reports/meat-substitutes-market
    Explore at:
    html, pdfAvailable download formats
    Dataset updated
    Jun 28, 2025
    Dataset provided by
    Authors
    Future Market Insights
    License

    https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy

    Time period covered
    2025 - 2035
    Area covered
    Worldwide
    Description

    The meat substitutes market size was estimated at USD 10.46 billion in 2024. The meat substitutes industry is expected to grow from USD 12.86 billion in 2025 to USD 101.92 billion by 2035. The meat substitutes market CAGR (growth rate) is expected to be around 23.0% during the forecast period (2025 to 2035).

    MetricsValues
    Industry Size (2025E)USD 12.86 billion
    Industry Value (2035F)USD 101.92 billion
    CAGR (2025 to 2035)23.0%

    Semi-Annual Market Update

    ParticularH1
    Year2024 to 2034
    Value CAGR20.6%
    ParticularH2
    Year2024 to 2034
    Value CAGR22.5%
    ParticularH1
    Year2025 to 2035
    Value CAGR21.5%
    ParticularH2
    Year2025 to 2035
    Value CAGR23.2%

    Analyzing Top Countries Producing, Formulating, Distributing, and Supplying Meat Substitutes Market

    CountriesCAGR (2025 to 2035)
    USA22.3%
    South Korea21.1%
    India25.9%
    Japan25.6%
    China26.1%
  4. Europe Meat Substitutes Market Size & Share Analysis - Industry Research...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jan 2, 2025
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    Mordor Intelligence (2025). Europe Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/europe-meat-substitute-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Europe
    Description

    The Europe Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu), by Distribution Channel (Off-Trade, On-Trade) and by Country (France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

  5. Volume of meat substitutes worldwide 2020-2030

    • statista.com
    Updated Jun 20, 2025
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    Statista (2025). Volume of meat substitutes worldwide 2020-2030 [Dataset]. https://www.statista.com/statistics/1276467/worldwide-meat-substitute-consumption/
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    Dataset updated
    Jun 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The global volume in the 'Meat Substitutes' segment of the food market was forecast to continuously increase between 2025 and 2030 by in total ***** thousand tons (+***** percent). After the tenth consecutive increasing year, the volume is estimated to reach ****** thousand tons and therefore a new peak in 2030. Notably, the volume of the 'Meat Substitutes' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average consumption per capita and revenue growth.The Statista Market Insights cover a broad range of additional markets.

  6. P

    Meat Substitutes Market Size Worth $61.9 Billion By 2034 | CAGR: 17.60%

    • polarismarketresearch.com
    Updated May 30, 2025
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    Polaris Market Research (2025). Meat Substitutes Market Size Worth $61.9 Billion By 2034 | CAGR: 17.60% [Dataset]. https://www.polarismarketresearch.com/press-releases/meat-substitutes-market
    Explore at:
    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Polaris Market Research
    License

    https://www.polarismarketresearch.com/privacy-policyhttps://www.polarismarketresearch.com/privacy-policy

    Description

    Projections indicate that Meat Substitutes Network will maintain a 17.60% CAGR, resulting in a market size of USD 61.9 Billion by the conclusion of 2034.

  7. m

    Meat Substitutes Market Size, Share | CAGR of 14.5%

    • market.us
    csv, pdf
    Updated Mar 14, 2025
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    Market.us (2025). Meat Substitutes Market Size, Share | CAGR of 14.5% [Dataset]. https://market.us/report/meat-substitutes-market/
    Explore at:
    pdf, csvAvailable download formats
    Dataset updated
    Mar 14, 2025
    Dataset provided by
    Market.us
    License

    https://market.us/privacy-policy/https://market.us/privacy-policy/

    Time period covered
    2022 - 2032
    Area covered
    Global
    Description

    Meat Substitutes Market size is expected to be worth around USD 57.6 billion by 2033, from USD 14.6 billion in 2023, at a CAGR of 14.5%

  8. Meat Substitutes Market Analysis, Size, and Forecast 2025-2029: North...

    • technavio.com
    Updated Jun 19, 2025
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    Technavio (2025). Meat Substitutes Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, Italy, The Netherlands, and UK), APAC (China and India), South America (Brazil), and Rest of World (ROW) [Dataset]. https://www.technavio.com/report/meat-substitutes-market-industry-analysis
    Explore at:
    Dataset updated
    Jun 19, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Global
    Description

    Snapshot img

    Meat Substitutes Market Size 2025-2029

    The meat substitutes market size is forecast to increase by USD 12.28 billion at a CAGR of 18.4% between 2024 and 2029.

    The market is experiencing significant growth due to the increasing research and development efforts in creating alternative protein sources. Soya chunks, Hot Dogs, and Veggie burgers are popular choices, with Canola oil and other nutrients enhancing their nutritional value. New product launches are a key driver in this market, as companies seek to cater to the rising demand for sustainable and ethical food options. However, the relatively high price point of meat substitutes remains a challenge for market penetration. Consumers, particularly those in developing economies, may find these alternatives less accessible due to cost.
    Companies looking to capitalize on this market should focus on innovation and affordability, aiming to create products that meet consumer demand while remaining competitive in pricing. Additionally, partnerships and collaborations between industry players and research institutions could lead to breakthroughs in technology and production methods, further driving market growth. Convenience stores and Mini markets cater to the demand for Shelf-stable and Low-fat protein options. Despite this obstacle, the potential for growth is substantial, as the global population continues to increase and concerns over animal welfare and environmental sustainability become more prevalent.
    

    What will be the Size of the Meat Substitutes Market during the forecast period?

    Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
    Request Free Sample

    The market is experiencing significant growth as diets focusing on plant-based options gain popularity due to health concerns and animal welfare considerations. Plant-based chicken, pork, fish, and beef alternatives are increasingly preferred by consumers seeking to reduce their intake of animal products. These substitutes offer similar nutrition value, including essential minerals like iron and calcium, making them suitable for individuals dealing with health issues such as diabetes, obesity, and heart disease. Next meats, such as soy milk, bean curd, tofu, and cooked soybeans, are popular choices due to their high protein content and versatility.
    Crumbles and grounds derived from these sources provide texture and taste comparable to their animal counterparts. Plant-based fish alternatives, like soybean curd, offer a solution for those dealing with digestive problems. The Good Food Institute reports that the market for plant-based meat substitutes is expanding, with companies like Novameat and vegan meat India leading the way. The shift towards plant-based options is driven by health concerns related to non-communicable diseases and the ethical implications of intensive animal farming. Plant-based burgers, patties, and other meat substitute products cater to this growing demand, offering consumers a viable alternative to traditional animal products.
    

    How is this Meat Substitutes Industry segmented?

    The meat substitutes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

    Distribution Channel
    
      Retail
      Foodservice
    
    
    Product Type
    
      Soy-based
      Wheat-based
      Mycoprotein-based
      Others
    
    
    Form Factor
    
      Solid
      Liquid
    
    
    Geography
    
      North America
    
        US
        Canada
    
    
      Europe
    
        France
        Germany
        Italy
        The Netherlands
        UK
    
    
      APAC
    
        China
        India
    
    
      South America
    
        Brazil
    
    
      Rest of World (ROW)
    

    By Distribution Channel Insights

    The retail segment is estimated to witness significant growth during the forecast period. The Plant-based patties segment experiences significant growth in the retail sector due to shifting consumer preferences, health concerns, and environmental awareness. Traditional grocery stores and supermarkets expand their offerings, stocking a diverse range of high-quality meat substitute products. Diabetes patients and those managing their weight seek out Plant-based Chicken, Meatballs, and Fish alternatives. Health-conscious buyers prefer Iron-rich liquid and Meatloaf formulations, while Vegetarian and Vegan lifestyles fuel the demand for Soybean curd, Tofu, and Quorn. Lab-grown meat, Mycoprotein, and Cereal grains cater to the flexitarian and functional ingredient markets.

    Fiber, Antioxidants, and essential amino acids are crucial components in these products, addressing health issues like Heart disease and Non-communicable diseases. Plant-based protein manufacturers innovate with Pea, Rice, and Wheat protein, while customization and moisture retention are essential for Foodservice and Food product a

  9. India Meat Substitutes Market Size & Share Analysis - Industry Research...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jan 2, 2025
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    Mordor Intelligence (2025). India Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/india-meat-substitutes-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    India
    Description

    The India Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu) and by Distribution Channel (Off-Trade, On-Trade). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

  10. t

    Vietnam Meat Substitutes Market Demand, Size and Competitive Analysis |...

    • techsciresearch.com
    Updated Jul 8, 2025
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    TechSci Research (2025). Vietnam Meat Substitutes Market Demand, Size and Competitive Analysis | TechSci Research [Dataset]. https://www.techsciresearch.com/report/vietnam-meat-substitutes-market/2139.html
    Explore at:
    Dataset updated
    Jul 8, 2025
    Dataset authored and provided by
    TechSci Research
    License

    https://www.techsciresearch.com/privacy-policy.aspxhttps://www.techsciresearch.com/privacy-policy.aspx

    Area covered
    Vietnam
    Description

    Vietnam Meat Substitutes Market was valued at USD 39.72 Billion in 2024 and is anticipated to grow USD 68.74 Billion by 2030 with a CAGR of 9.57%.

    Pages83
    Market Size2024: USD 39.72 Billion
    Forecast Market Size2030: USD 68.74 Billion
    CAGR2025-2030: 9.57%
    Fastest Growing SegmentOnline
    Largest MarketSouthern Vietnam
    Key Players1. The Viet Vegan 2. Green Vietnam Foods Joint Stock Company 3. CJ Vietnam Co. Ltd. 4. TBK Green Food 5. Tan Nhat Huong Company Limited 6. EMMAY 7. Vissan Joint Stock Company 8. Nutifood Nutrition Food Joint Stock Company 9. VBites 10. Saigon Food Joint Stock Company

  11. c

    The global Meat Substitutes market size is USD 4041.3 billion in 2024 and...

    • cognitivemarketresearch.com
    pdf,excel,csv,ppt
    Updated Apr 15, 2023
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    The global Meat Substitutes market size is USD 4041.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031. [Dataset]. https://www.cognitivemarketresearch.com/meat-substitutes-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Apr 15, 2023
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    According to Cognitive Market Research, the global Meat Substitutes market size is USD 4041.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031. Market Dynamics of Meat Substitutes Market

    Key Drivers for Meat Substitutes Market

    Animal Welfare - One of the main reasons the increased consumer awareness and ethical concerns about animal suffering are propelling the meat replacements market. Consumers are increasingly looking for options that support their beliefs of cruelty-free methods and ecological living. This movement fosters the development and use of plant-based and lab-grown protein products, giving viable alternatives to traditional meat consumption while also addressing concerns about animal welfare in food production.
    Growing demand for convenient meal options that are quick to prepare and align with dietary preferences.
    

    Key Restraints for Meat Substitutes Market

    Meat substitutes often have higher production costs compared to conventional meat, making them more expensive for consumers.
    Ingredients used in meat substitutes, such as soy, gluten, or nuts, can trigger allergies or sensitivities in some individuals.
    

    Introduction of the Meat Substitutes Market

    The meat substitutes market includes items that replicate the taste, texture, and nutritional profile of meat but are plant-based or generated from other sources such as fungi or algae. These items are aimed at people looking for healthier, more environmentally friendly, or ethical options. One key driver of this market is rising consumer health consciousness, which has resulted in a trend towards healthier diets. Growing concerns about sustainability and animal welfare drive demand, as well as innovation in food technology, which continuously enhances the flavor and texture of meat alternatives, making them more acceptable to a broader audience.

  12. P

    Meat Substitutes Market | Industry Report, 2034

    • polarismarketresearch.com
    Updated May 30, 2025
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    Polaris Market Research (2025). Meat Substitutes Market | Industry Report, 2034 [Dataset]. https://www.polarismarketresearch.com/industry-analysis/meat-substitutes-market
    Explore at:
    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Polaris Market Research
    License

    https://www.polarismarketresearch.com/privacy-policyhttps://www.polarismarketresearch.com/privacy-policy

    Description

    Meat Substitutes Market projected to exceed USD 61.9 Billion by 2034, growing at a CAGR of 17.6%.

  13. United States Meat Substitutes Market Size & Share Analysis - Industry...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jan 2, 2025
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    Mordor Intelligence (2025). United States Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-meat-substitutes-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    United States
    Description

    The United States Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu) and by Distribution Channel (Off-Trade, On-Trade). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

  14. Consumption of meat substitutes in the U.S. 2023

    • statista.com
    Updated Feb 9, 2024
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    Nils-Gerrit Wunsch (2024). Consumption of meat substitutes in the U.S. 2023 [Dataset]. https://www.statista.com/topics/6057/meat-substitutes-market-in-the-us/
    Explore at:
    Dataset updated
    Feb 9, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Nils-Gerrit Wunsch
    Description

    During a survey in April 2023, just over a third of respondents stated that they consumed meat substitutes but would not consider their consumption to be regular. Over a quarter stated that they have never consumed plant-based meat substitutes and do not want to.

  15. m

    Asia-Pacific Meat Substitutes Market Size & Share Analysis - Industry...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jan 2, 2025
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    Mordor Intelligence (2025). Asia-Pacific Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/asia-pacific-meat-substitutes-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Asia, Asia Pacific
    Description

    The Asia-Pacific Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu), by Distribution Channel (Off-Trade, On-Trade) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

  16. t

    United States Meat Substitutes Market Demand, Size and Competitive Analysis...

    • techsciresearch.com
    Updated May 6, 2025
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    TechSci Research (2025). United States Meat Substitutes Market Demand, Size and Competitive Analysis | TechSci Research [Dataset]. https://www.techsciresearch.com/report/united-states-meat-substitutes-market/2138.html
    Explore at:
    Dataset updated
    May 6, 2025
    Dataset authored and provided by
    TechSci Research
    License

    https://www.techsciresearch.com/privacy-policy.aspxhttps://www.techsciresearch.com/privacy-policy.aspx

    Area covered
    United States
    Description

    United States Meat Substitutes Market was valued at USD 2.40 billion in 2024 and is anticipated to grow USD 4.24 billion by 2030 with a CAGR of 10.01%

    Pages81
    Market Size2024: USD 2.40 Billion
    Forecast Market Size2030: USD 4.24 Billion
    CAGR2025-2030: 10.01%
    Fastest Growing SegmentOnline
    Largest MarketSouth
    Key Players1. Sonic Biochem Limited 2. Archer Daniels Midland Company (ADM) 3. Beyond Meat Incorporated 4. MGP Ingredients 5. Conagra Brands Incorporated 6. Amy’s Kitchen Inc. 7. Gathered Foods Corporation 8. Quorn Foods 9. VBites 10. The Nisshin Ollio Group

  17. Meat Substitute Market - Global Opportunity Analysis and Industry Forecast...

    • meticulousresearch.com
    Updated Sep 14, 2020
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    Meticulous Market Research Pvt Ltd (2020). Meat Substitute Market - Global Opportunity Analysis and Industry Forecast (2020-2027) [Dataset]. https://www.meticulousresearch.com/product/meat-substitute-market-4969
    Explore at:
    Dataset updated
    Sep 14, 2020
    Dataset provided by
    Meticulous Market Research Pvt. Ltd.
    Authors
    Meticulous Market Research Pvt Ltd
    License

    https://www.meticulousresearch.com/privacy-policyhttps://www.meticulousresearch.com/privacy-policy

    Area covered
    Global, North America, Asia Pacific, Latin America, Middle East & Africa, Europe
    Description

    Meat Substitute Market by Product Type (Tofu, TVP, Burger Patties, Sausages, Meatballs, Nuggets), Source (Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) - Global Forecast To 2027

  18. m

    Gluten-Free Meat Substitutes Market Size & Share Analysis - Industry...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jul 11, 2025
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    Mordor Intelligence (2025). Gluten-Free Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends 2030 [Dataset]. https://www.mordorintelligence.com/industry-reports/global-gluten-free-meatsmeat-substitutes-market-industry
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    Global
    Description

    The Global Gluten-Free Meat Substitutes Market is Segmented by Product Type (Burgers, Sausages, Nuggets, Patties, and Other Product Types), by Source (Pea, Tofu, Tempeh, and Other Sources), by Form (Fresh/Chilled, and Frozen), by Distribution Channel (Off-Trade, and On-Trade), and by Geography (North America and More). Market Sizing is Presented in USD Value Terms for all the Abovementioned Segments.

  19. t

    Meat Substitute Global Market Report 2025

    • thebusinessresearchcompany.com
    pdf,excel,csv,ppt
    Updated Jan 16, 2025
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    The Business Research Company (2025). Meat Substitute Global Market Report 2025 [Dataset]. https://www.thebusinessresearchcompany.com/report/meat-substitute-global-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 16, 2025
    Dataset authored and provided by
    The Business Research Company
    License

    https://www.thebusinessresearchcompany.com/privacy-policyhttps://www.thebusinessresearchcompany.com/privacy-policy

    Description

    Global Meat Substitute market size is expected to reach $12.19 billion by 2029 at 11%, segmented as by tofu, firm tofu, soft tofu, silken tofu, flavored tofu, organic tofu, tofu blocks, tofu patties and sausages, tofu nuggets

  20. c

    The global Meat Substitute market size is USD 6815.6 million in 2024.

    • cognitivemarketresearch.com
    pdf,excel,csv,ppt
    Updated Aug 10, 2024
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    The global Meat Substitute market size is USD 6815.6 million in 2024. [Dataset]. https://www.cognitivemarketresearch.com/meat-substitute-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Aug 10, 2024
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    According to Cognitive Market Research, the global Meat Substitute market size will be USD 6815.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.

    North America held the major market share for more than 40% of the global revenue with a market size of USD 2726.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
    Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2044.68 million.
    Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1567.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
    Latin America had a market share of more than 5% of the global revenue with a market size of USD 340.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
    Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 136.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
    The Refrigerated Category held the highest Meat Substitute market revenue share in 2024.
    

    Market Dynamics of Meat Substitute Market

    Key Drivers for Meat Substitute Market

    Rising Health Consciousness to Increase the Demand Globally
    

    Rising health consciousness is significantly driving the meat substitute market as consumers become more aware of the links between meat consumption and various health issues, such as heart disease, obesity, and cancer. Many are turning to plant-based diets to improve their overall health and well-being, seeking alternatives that offer lower levels of saturated fat and cholesterol. Meat substitutes, often perceived as healthier options due to their plant-based ingredients, align with these health-focused dietary shifts. Additionally, advancements in food technology have enhanced the nutritional profiles of these products, making them more appealing to health-conscious consumers. This growing trend towards healthier eating habits and preventive health care continues to propel the demand for meat substitutes.

    Increased awareness of the environmental impact of meat production to Propel Market Growth
    

    Increased awareness of the environmental impact of meat production is driving the meat substitute market as consumers recognize the significant ecological footprint of traditional meat production, including high greenhouse gas emissions, deforestation, and excessive water usage. Concerns about climate change and sustainability are prompting consumers to seek alternatives that have a lower environmental impact. Meat substitutes, which typically have a reduced carbon footprint and require fewer resources compared to conventional meat, align with the growing demand for eco-friendly choices. As more people prioritize sustainability and environmental stewardship, the market for meat substitutes is expanding rapidly, driven by a desire to make more environmentally responsible food choices and support sustainable agricultural practices.

    Restraint Factor for the Meat Substitute Market

    Higher Production Costs to Limit the Sales
    

    Higher production costs are restraining the meat substitute market as they lead to higher retail prices for these products compared to traditional meat. The advanced technology and ingredients required to produce high-quality meat substitutes, such as plant-based proteins and lab-grown meats, involve significant investment in research, development, and manufacturing processes. These costs are often passed on to consumers, making meat substitutes less accessible to price-sensitive individuals. Additionally, the relatively small scale of production compared to traditional meat industries can result in economies of scale not yet being fully realized, further contributing to higher prices. This financial barrier can limit widespread adoption and slow market growth, especially in regions with lower income levels or less willingness to pay a premium for alternative products.

    Taste and Texture Challenges Affecting Consumer Acceptance
    

    Despite advancements in technology, achieving an exact replication of the taste and texture of animal meat continues to pose a significant challenge. A considerable number of consumers remain hesitant to transition from conventional meat d...

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Mordor Intelligence (2025). Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/meat-substitutes-market

Meat Substitutes Market Size & Share Analysis - Industry Research Report - Growth Trends

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6 scholarly articles cite this dataset (View in Google Scholar)
pdf,excel,csv,pptAvailable download formats
Dataset updated
Jan 2, 2025
Dataset authored and provided by
Mordor Intelligence
License

https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

Time period covered
2017 - 2030
Area covered
Global
Description

The Meat Substitutes Market is segmented by Type (Tempeh, Textured Vegetable Protein, Tofu), by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

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