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Meat Substitutes Market

Meat Substitutes Market Size by Product (Tofu, Tempeh, Seitan, Quorn, Other Products), Source (Soy Protein, Wheat Protein, Pea Protein, Others Sources), Type, Form, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12489
  • Published Date: Oct, 2021
  • Pages: 229
  • Category: Food & Beverages
  • Format: PDF
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The global meat substitutes market is anticipatedto reach USD 4.17 billion by 2028, at a CAGR of 11.99% from 2021 to 2028. The global meat substitutes market is witnessing considerable growth due to the increasing demand for plant-based meat products among the millennials.

Market Overview:

A meat substitute is a processed food item that appears to be identical to meat by pointing out common characteristics and relations. Meat substitutes are plant-based, laboratory-grown, or use ingredients other than animals. Substitutes are often based on soybeans (such as tofu and tempeh), peas, or gluten.People eat meat substitutes for various reasons. Several people choose not to eat meat at all because of ethical reasons or other personal beliefs. Others may prefer meat substitutes for health reasons. Moreover, meat can cause digestive symptoms such as diarrhea or constipation in some people. Some evidence suggests that eating red meat may increase the risk of diverticulitis, a gastrointestinal disease. Research also indicates eating less meat might be safer for health and the environment as a whole.

Major meat substitutes include tofu, tempeh, seitan, quorn, and other products. Tofu is an excellent substitute in recipes for meat that includes chicken, pork, seafood, and beef. It is made up of soybeans and has a high calcium and protein content. Tempeh is more firm than tofu, and its texture is grainier. It has a nutty flavor and is made from fermented soybeans. It's filled with protein and calcium, fiber, and vitamins. It is an excellentreplacement for ground beef in chillies, fishes, and other dishes. Seitan is processed wheat gluten, and it is an excellentprotein source. Seitan can be like ham, pork, or beef. Ithas a thick, chewy texture which is capable of grilling, frying, or braising. Quorn is sold both as a cooking ingredient and as a meat substitute used in several prepackaged meals. Quorn foods contain mycoprotein as an ingredient derived from the Fusariumvenenatum fungus, which is cultivated by fermentation. Other products include texturized vegetable protein, gluten-free, vegan meat, jackfruit, etc.

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Market Dynamics:

Drivers:
  • Rising preference for plant-based proteins

While meat proteins provide the body with the necessary amino acid content; they are highly associated with the cholesterol content, which has proven to be a significant cause for serious health problems. This became the primary reason for the increasing demand for plant-based protein foods, especially in developed countries such as the U.S., France, Germany, and the UK. The companies are targeting customers with the aid of updated technology by developing innovative products with similar properties to real meat. To achieve the desired structure, these meat substitutes are made with a mixture of wheat, soy, and pea protein. These factors are anticipated to drive the global demand for meat substitutes.

  • Growing concern over animal welfare

Growing concern about animal welfare and increased understanding of the environmental impact of the meat industry are also boosting the growth of the global meat-substitute market.

Restraints:
  • High processing cost

The high processing costs associated with the production of meat substitutes lead to higher prices for meat substitutes such as tofu, tempeh, and other protein substitutes compared to natural meat, and this is anticipated to hamper the market growth, especially in countries, like India, Brazil, Mexico, etc.

Opportunities:
  • Emerging markets demonstrate high potential for meat substitutes

With the acceptance of western cuisine; the countries in Asia are also turning towards meat substitutes, which is anticipated to drive the market. China is a major country that is rapidly shifting toward plant-based proteins.

Challenges:
  • Need to diversify the meat production

The need to diversify meat production has contributed to the production of meat products with low cholesterol, lean meats, and these pose a challenge to the industry. Steady demand for poultry meat, especially chicken, also poses a challenge to the meat substitutes industry.

Segmentation Analysis:

The global meat substitutes market has been segmented based on product, source, type, form,and regions.

  • The product segment is divided into tofu, tempeh, seitan, quorn, and other products. The tofu segment led the meat substitutes market in 2020 because of its primary application in the production of plant-based burgers and patties. 
  • The source segment includes soy protein, wheat protein, pea protein, and other sources. The soy protein segment led the meat substitutes market with a market share of around 34.18% in 2020 during the forecast period due to the high protein content, demand for soy-based meat replacement products such as beef, pork, and chicken is high. Another factor is the increasing adoption of healthy and vegetarian diets. In comparison to animal protein foods, soya-based foods are cholesterol-free and act as a good source of fibre.
  • The type segment is divided into concentrates, isolates, and textured.The concentrates segment is projected to grow at a higher CAGR of around 13.4% during the forecast period because concentrates offer a high protein content and very low calorie levels if added to a product. Such concentrates are used as ingredients for enhancing the texture and volume of various products. Concentrates are more refined than textured, while isolates are less refined.
  • The form segment is divided into solid and liquid. The solid segment led the meat substitutes market with a market share of around 71.28% in 2020 because of the heavy use of powder and chunks for making patties, sausages, and nuggets. The liquid form does not provide these benefits. Also, the solid form of proteins has a high shelf life, which makes them more profitable for plant-based meat manufacturers.
Regional Segmentation Analysis:

The regions evaluated for the meat substitutes market include Europe, North America, South America, Asia Pacific, and the Middle East and Africa. The Europe region held the largest market for the meat substitutes with a 37.24% share of market revenue in 2020.

  • The increased demand stemmed from the fact that, apart from meat-free products, customers were also inclined to buy goods free-from products, such as gluten-free. Some of the key factors driving meat substitute demand include health awareness, increasing meat prices, environment-related ethics, encouraging customers to look for alternative sources.
  • Asia Pacific is anticipated to be the fastest-growing area during the forecast period, due to people's increased awareness regarding safe dietary habits. The key drivers of growth in the Asia Pacific region are the need for health benefits, environment safety, animal welfare, cost affordability, and the increasing variety of meat products based on plants.

Europe Meat Substitutes Market Share in 2020- 37.24%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global meat substitutes industry.

In June 2019, DuPont Nutrition & Biosciences announced the launch of a new egg white replacement system for plant-based meat alternatives. The Grindsted Plant-Tex solutions have been implemented as food producers see more prospects through a rise in sustainable plant-based meat offerings. Plant-Tex is free of cholesterol and allergens and has no animal ingredients. It is said to increase food safety by natural elimination of risk of bird flu. The Plant-Tex range consists of MA1301 for cooked sausages, MA1201 for burger patties, and MA1110 for cold cutting.

For instance, In January 2018, Cargill and Puris signed a joint venture deal to step up pea protein production with the agricultural giant spending USD 25 million.

  • Archer Daniels Midland Company
  • Cargill
  • CHS INC.
  • DuPont
  • Ingredion
  • Kerry
  • MGP Ingredient
  • Puris
  • Roquette Frères
  • Suedzucker
  • The Emsland Group

Key Target Audience

  • Meat Substitutes Manufacturers
  • Suppliers and Distributors
  • Importers and Exporters
  • Consulting and Research Firm
  • Food Manufacturers
  • Government Authorities and Research & Development (R&D) Institutions
  • World Health Organization
  • Food and Drug Administration
     

Report Description

  • Global Meat Substitutes Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global meat substitutes market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global meat substitutes market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of meat substitutes and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global meat substitutes market. This offersvital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global meat substitutes market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global meat substitutes market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per the brainy insights, the size of the meat substitutes market was valued at USD1.56 billion in 2020 and is anticipated to reach USD 4.17 billion by 2028.

Global meat substitutes market is growing at a CAGR of 11.99% during the forecast period 2021-2028.

The global meat substitutes market has been segmented based on product, source, type, form and regions. The tofu segment led the meat substitutes market.

The Europe region emerged as the largest market for the meat substitutes market.

The global meat substitutes market is driven majorly by the growing concern over animal welfare.

High processing cost may hamper the market growth.

Emerging markets demonstrate great potential for meat substitutes will provide the huge opportunity to the market.

Key players are Cargill, CHS INC., DuPont, Ingredion.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product
          4.3.2. Market Attractiveness Analysis By Source
          4.3.3. Market Attractiveness Analysis By Type
          4.3.4. Market Attractiveness Analysis By Form
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising preference for plant-based proteins
          5.2.2. Growing concern over animal welfare
    5.3. Restrains
          5.3.1. High processing cost
    5.4. Opportunities
          5.4.1. Emerging markets demonstrate great potential for meat substitutes
    5.5. Challenges
          5.5.1. Need to diversify the meat production

6. Global Meat Substitutes Market Analysis and Forecast, By Product
    6.1. Segment Overview
    6.2. Tofu
    6.3. Tempeh
    6.4. Seitan
    6.5. Quorn
    6.6. Other Products

7. Global Meat Substitutes Market Analysis and Forecast, By Source
    7.1. Segment Overview
    7.2. Soy Protein
    7.3. Wheat Protein
    7.4. Pea Protein
    7.5. Others Sources

8. Global Meat Substitutes Market Analysis and Forecast, By Type
    8.1. Segment Overview
    8.2. Concentrates
    8.3. Isolates
    8.4. Textured

9. Global Meat Substitutes Market Analysis and Forecast, By Form
    9.1. Segment Overview
    9.2. Solid
    9.3. Liquid

10. Global Meat Substitutes Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Meat Substitutes Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Meat Substitutes Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Archer Daniels Midland Company
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Type Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Cargill
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Type Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. CHS INC.
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Type Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. DuPont
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Type Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Ingredion
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Type Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Kerry
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Type Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. MGP Ingredient
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Type Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Puris
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Type Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Roquette Frères
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Type Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Suedzucker
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Type Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. The Emsland Group
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Type Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis

List of Table

1. Global Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

2. Global Tofu Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

3. Global Tempeh Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

4. Global Seitan Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

5. Global Quorn Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

6. Global Other Products Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

7. Global Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

8. Global Soy Protein Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

9. Global Wheat Protein Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

10. Global Pea Protein Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

11. Global Others Sources Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

12. Global Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

13. Global Concentrates Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

14. Global Isolates Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

15. Global Textured Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

16. Global Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

17. Global Solid Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

18. Global Liquid Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

19. Global Meat Substitutes Market, By Region, 2018-2028 (USD Billion)(Kilograms)

20. Global Meat Substitutes Market, By North America, 2018-2028 (USD Billion)(Kilograms)

21. North America Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

22. North America Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

23. North America Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

24. North America Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

25. U.S. Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

26. U.S. Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

27. U.S. Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

28. U.S. Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

29. Canada Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

30. Canada Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

31. Canada Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

32. Canada Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

33. Mexico Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

34. Mexico Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

35. Mexico Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

36. Mexico Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

37. Europe Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

38. Europe Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

39. Europe Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

40. Europe Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

41. Germany Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

42. Germany Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

43. Germany Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

44. Germany Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

45. France Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

46. France Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

47. France Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

48. France Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

49. U.K. Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

50. U.K. Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

51. U.K. Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

52. U.K. Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

53. Italy Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

54. Italy Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

55. Italy Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

56. Italy Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

57. Spain Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

58. Spain Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

59. Spain Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

60. Spain Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

61. Asia Pacific Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

62. Asia Pacific Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

63. Asia Pacific Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

64. Asia Pacific Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

65. Japan Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

66. Japan Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

67. Japan Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

68. Japan Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

69. China Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

70. China Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

71. China Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

72. China Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

73. India Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

74. India Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

75. India Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

76. India Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

77. South America Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

78. South America Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

79. South America Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

80. South America Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

81. Brazil Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

82. Brazil Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

83. Brazil Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

84. Brazil Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

85. Middle East and Africa Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

86. Middle East and Africa Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

87. Middle East and Africa Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

88. Middle East and Africa Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

89. UAE Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

90. UAE Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

91. UAE Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

92. UAE Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

93. South Africa Meat Substitutes Market, By Product, 2018-2028 (USD Billion)(Kilograms)

94. South Africa Meat Substitutes Market, By Source, 2018-2028 (USD Billion)(Kilograms)

95. South Africa Meat Substitutes Market, By Type, 2018-2028 (USD Billion)(Kilograms)

96. South Africa Meat Substitutes Market, By Form, 2018-2028 (USD Billion)(Kilograms)

List of Figures 

1. Global Meat Substitutes Market Segmentation

2. Meat Substitutes Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Meat Substitutes Market Attractiveness Analysis By Product

9. Global Meat Substitutes Market Attractiveness Analysis By Source

10. Global Meat Substitutes Market Attractiveness Analysis By Type

11. Global Meat Substitutes Market Attractiveness Analysis By Form

12. Global Meat Substitutes Market Attractiveness Analysis By Region

13. Global Meat Substitutes Market: Dynamics

14. Global Meat Substitutes Market Share by Product (2021 & 2028)

15. Global Meat Substitutes Market Share by Source (2021 & 2028)

16. Global Meat Substitutes Market Share by Type(2021 & 2028)

17. Global Meat Substitutes Market Share by Form(2021 & 2028)

18. Global Meat Substitutes Market Share by Regions (2021 & 2028)

19. Global Meat Substitutes Market Share by Company (2020)

This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global meat substitutes market on the basis of below mentioned segments:

Global Meat Substitutes Market by Product:

  • Tofu
  • Tempeh
  • Seitan
  • Quorn
  • Other Products

Global Meat Substitutes Market by Source:

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Others Sources

Global Meat Substitutes Market by Type:

  • Concentrates
  • Isolates
  • Textured

Global Meat Substitutes Market by Form:

  • Solid
  • Liquid

Global Meat Substitutes Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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