Global Meat Substitutes Market 2024-2028

The meat substitutes market is forecasted to grow by USD 4.41 bn during 2023-2028, accelerating at a CAGR of 11.98% during the forecast period. The report on the meat substitutes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches in the meat substitute industry, the decline in global meat consumption, and an increased use of mycoprotein-based meat substitutes.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.9%
CAGR	11.98%
Incremental Value	$4.41bn

Technavio's meat substitutes market is segmented as below:

By Distribution Channel

Retail
Foodservice

By Product Type

Soy-based
Wheat-based
Mycoprotein-based
Others

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the continuous r and d and product development in meat substitute products as one of the prime reasons driving the meat substitutes market growth during the next few years. Also, immense potential for meat substitutes in APAC and increasing number of mergers and acquisitions and strategic partnerships in meat substitute industry will lead to sizable demand in the market.

The report on the meat substitutes market covers the following areas:

Meat substitutes market sizing
Meat substitutes market forecast
Meat substitutes market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading meat substitutes market vendors that include Archer Daniels Midland Co., Beyond Meat Inc., Blue Tribe, Conagra Brands Inc., Continental Coffee Pvt. Ltd., Delightful Gourmet Pvt. Ltd., Hormel Foods Corp., Impossible Foods Inc., International Flavors and Fragrances Inc., Kellogg Co., Kerry Group Plc, Lightlife Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., Morinaga and Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, New Wave Foods, Redefine Meat Ltd., Spencers Retail, Sunfed, Tata Consumer Products Ltd., The Jackfruit Co., The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, V2 Food Pty Ltd., and Wicked Kitchen Inc.. Also, the meat substitutes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43310

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global meat substitutes market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global meat substitutes market 2018 - 2022 ($ billion)
4.2 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.3 Product Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Retail - Market size and forecast 2023-2028
Exhibit 34: Chart on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Retail - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Retail - Year-over-year growth 2023-2028 (%)
6.4 Foodservice - Market size and forecast 2023-2028
Exhibit 38: Chart on Foodservice - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Foodservice - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Foodservice - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Foodservice - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ billion)
Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product Type

7.1 Market segments
Exhibit 44: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Product Type - Market share 2023-2028 (%)
7.2 Comparison by Product Type
Exhibit 46: Chart on Comparison by Product Type
Exhibit 47: Data Table on Comparison by Product Type
7.3 Soy-based - Market size and forecast 2023-2028
Exhibit 48: Chart on Soy-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Soy-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Soy-based - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Soy-based - Year-over-year growth 2023-2028 (%)
7.4 Wheat-based - Market size and forecast 2023-2028
Exhibit 52: Chart on Wheat-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Wheat-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Wheat-based - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Wheat-based - Year-over-year growth 2023-2028 (%)
7.5 Mycoprotein-based - Market size and forecast 2023-2028
Exhibit 56: Chart on Mycoprotein-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Mycoprotein-based - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Mycoprotein-based - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Mycoprotein-based - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Product Type
Exhibit 64: Market opportunity by Product Type ($ billion)
Exhibit 65: Data Table on Market opportunity by Product Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 Australia - Market size and forecast 2023-2028
Exhibit 99: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Australia - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Australia - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Beyond Meat Inc.
Exhibit 119: Beyond Meat Inc. - Overview
Exhibit 120: Beyond Meat Inc. - Product / Service
Exhibit 121: Beyond Meat Inc. - Key offerings
12.4 Conagra Brands Inc.
Exhibit 122: Conagra Brands Inc. - Overview
Exhibit 123: Conagra Brands Inc. - Business segments
Exhibit 124: Conagra Brands Inc. - Key news
Exhibit 125: Conagra Brands Inc. - Key offerings
Exhibit 126: Conagra Brands Inc. - Segment focus
12.5 Hormel Foods Corp.
Exhibit 127: Hormel Foods Corp. - Overview
Exhibit 128: Hormel Foods Corp. - Business segments
Exhibit 129: Hormel Foods Corp. - Key news
Exhibit 130: Hormel Foods Corp. - Key offerings
Exhibit 131: Hormel Foods Corp. - Segment focus
12.6 Impossible Foods Inc.
Exhibit 132: Impossible Foods Inc. - Overview
Exhibit 133: Impossible Foods Inc. - Product / Service
Exhibit 134: Impossible Foods Inc. - Key offerings
12.7 Kellogg Co.
Exhibit 135: Kellogg Co. - Overview
Exhibit 136: Kellogg Co. - Business segments
Exhibit 137: Kellogg Co. - Key news
Exhibit 138: Kellogg Co. - Key offerings
Exhibit 139: Kellogg Co. - Segment focus
12.8 Kerry Group Plc
Exhibit 140: Kerry Group Plc - Overview
Exhibit 141: Kerry Group Plc - Business segments
Exhibit 142: Kerry Group Plc - Key news
Exhibit 143: Kerry Group Plc - Key offerings
Exhibit 144: Kerry Group Plc - Segment focus
12.9 Maple Leaf Foods Inc.
Exhibit 145: Maple Leaf Foods Inc. - Overview
Exhibit 146: Maple Leaf Foods Inc. - Business segments
Exhibit 147: Maple Leaf Foods Inc. - Key offerings
Exhibit 148: Maple Leaf Foods Inc. - Segment focus
12.10 Monde Nissin Corp.
Exhibit 149: Monde Nissin Corp. - Overview
Exhibit 150: Monde Nissin Corp. - Business segments
Exhibit 151: Monde Nissin Corp. - Key offerings
Exhibit 152: Monde Nissin Corp. - Segment focus
12.11 Morinaga Milk Industry Co. Ltd.
Exhibit 153: Morinaga Milk Industry Co. Ltd. - Overview
Exhibit 154: Morinaga Milk Industry Co. Ltd. - Product / Service
Exhibit 155: Morinaga Milk Industry Co. Ltd. - Key offerings
12.12 Nestle SA
Exhibit 156: Nestle SA - Overview
Exhibit 157: Nestle SA - Business segments
Exhibit 158: Nestle SA - Key news
Exhibit 159: Nestle SA - Key offerings
Exhibit 160: Nestle SA - Segment focus
12.13 New Wave Foods
Exhibit 161: New Wave Foods - Overview
Exhibit 162: New Wave Foods - Product / Service
Exhibit 163: New Wave Foods - Key offerings
12.14 The Kraft Heinz Co.
Exhibit 164: The Kraft Heinz Co. - Overview
Exhibit 165: The Kraft Heinz Co. - Business segments
Exhibit 166: The Kraft Heinz Co. - Key offerings
Exhibit 167: The Kraft Heinz Co. - Segment focus
12.15 Tyson Foods Inc.
Exhibit 168: Tyson Foods Inc. - Overview
Exhibit 169: Tyson Foods Inc. - Business segments
Exhibit 170: Tyson Foods Inc. - Key offerings
Exhibit 171: Tyson Foods Inc. - Segment focus
12.16 Unilever PLC
Exhibit 172: Unilever PLC - Overview
Exhibit 173: Unilever PLC - Business segments
Exhibit 174: Unilever PLC - Key news
Exhibit 175: Unilever PLC - Key offerings
Exhibit 176: Unilever PLC - Segment focus
12.17 Wicked Kitchen Inc.
Exhibit 177: Wicked Kitchen Inc. - Overview
Exhibit 178: Wicked Kitchen Inc. - Product / Service
Exhibit 179: Wicked Kitchen Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations