Summary: “Meat Substitute Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, production, capacity utilization, supply, Analysis and Forecast
The meat substitute market by type comprises products prepared from tofu, tempeh, textured vegetable protein, seitan, quorn and other plant based sources. Textured vegetable protein (TVP) based meat substitutes occupied the largest market share of 36.5% in 2014 as it is the basic ingredient in most of the soy based meat substitute products. In terms of growth, Seitan based meat substitutes would exhibit an impressive CAGR of 9.6%, owing to increasing adoption in the food service industry.
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Most of the food and snack products, marketed as meat substitutes are either frozen, refrigerated or shelf-stable. Products offered by leading meat substitute companies such as Amys Kitchen, Beyond Meat and others, primarily belong to frozen category. However, shelf stable category would exhibit the fastest growth in the coming years.
The key players profiled in the report are Amys Kitchen Inc. (U.S.), Beyond Meat (U.S.), Cauldron Foods (U.K.), Garden Protein International, Inc. (Canada), Meatless B.V. (The Netherlands), Quorn Foods (U.K.), Vbites Food, Ltd. (U.K.), Morningstar Farms (U.S.), MGP Ingredients Inc. (U.S.), Sonic Biochem Extractions Limited (India). Companies such as Amys Kitchen offer a wide range of innovative vegan meals and snacks. Beyond Meat, a leading player in meat substitute market offers highly innovative substitutes of pork, chicken, turkey and beef.
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