Meat Substitutes Market by Product (Tofu, Tempeh, Textured Vegetable Protein, Seitan, Quorn and Different Product), Supply (Soy Protein, Wheat Protein, Pea Protein and Different Sources), Varieties ( Concentrates, Isolates and Textured), Type (Stable, Liquid), Class (Frozen, Refrigerated and Shelf Desk) and Area (North America, Europe, Asia Pacific, Remainder of the World) – Forecast-2027
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Northbrook, IL 60062 — (SBWIRE) — 11/21/2022 — In keeping with MarketsandMarkets, the meat substitutes market dimension is estimated to be valued at USD 1.9 billion in 2021 and is projected to succeed in USD 4.0 billion by 2027, recording a CAGR of 13.5% throughout the forecast interval when it comes to worth. Altering life of individuals and growing consciousness about wholesome dietary habits and environmental security will assist to spice up the marketplace for meat substitutes throughout the forecast interval. The environmental affect of animal agriculture and rising well being issues resulting from animal-based meat are driving shopper choice towards plant-based meat on the earth.
The strong type phase is estimated to carry the biggest market share within the meat substitute market.
The strong type of proteins is most popular by producers of meals and drinks due to the quite a few advantages they provide. Proteins accessible within the strong type are straightforward to deal with and have higher storage situations as in comparison with the liquid type. These proteins can be found in powdered and textured kinds. Stable plant-based proteins have the power to boost the feel and quantity of various merchandise.
By kind, the pea protein phase is estimated to be the fastest-growing phase throughout the forecast interval.
Pea provides attribute benefits of course of stability, emulsion stability, and extrusion stability. Most of the key gamers within the international meat substitutes market are shifting towards the manufacturing of pea protein-based meat substitutes due to their dietary worth and well being advantages and the adoption of this protein by main plant-based producers. In Could 2019, Lightlife (US) launched pea-based meat burgers to interchange beef burgers. Additionally, Good Catch Meals’ (Newtown, Pennsylvania, US) fish-free tuna and
UK-based Nomad Meals’ Inexperienced Delicacies line declared that they use pea protein as certainly one of their primary substances.
The Seitan is estimated to be the second fastest-growing kind throughout the forecast interval for the meat substitute market.
Seitan is often known as wheat protein and is very dietary. The sort is wealthy in proteins and minerals and intensely low in carbs and fat. All of the starch usually present in wheat flour is washed away within the course of of manufacturing seitan. This makes it extraordinarily much less in carbs. As wheat grains used for seitan are nearly fat-free, it’s thought of the very best meat substitute for vegan diets.
The textured kind is estimated to carry the biggest market share within the meat substitute market.
Textured protein has a excessive market share owing to its resemblance with standard meat when it comes to texture. Textured protein is usually used as a meat substitute or typically as a meat extender, having protein concentrations between 50%–70%. It has a texture similar to floor beef; therefore, it’s a good meat substitute for spaghetti sauces, hamburgers, and tacos.
Asia Pacific is estimated to be the fastest-growing area over the forecast interval.
The important thing elements driving development within the Asia Pacific area embrace well being advantages, animal welfare, atmosphere security, price affordability, and the rising number of plant-based meat merchandise. The notice by means of international animal welfare organizations, similar to Individuals for the Moral Remedy for Animals (PETA), has led to folks contemplating a meat-free weight loss program. Non-meat-based meals are already in style in Asia, with tofu used extensively in Asian cuisines and bean-based congees extensively consumed in nations similar to China. This makes the Asia Pacific area the fastest-growing potential marketplace for meat substitutes.
This report features a examine on the advertising and improvement methods, together with the product portfolios of main corporations. It consists of profiles of main corporations, similar to DuPont (US), ADM (US), Kerry Group (Eire), Ingredion Integrated (US), Roquette Freres (France), PURIS (US), Cargill (US), Axiom Meals (US), MGP Components (US), The Prime Well being Components (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar Worldwide Restricted (Singapore), Sotexpro S.A (France), The Nisshin OilliO Group, Ltd (Japan), and A&B Components (Canada).
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