Market Research Report
Asia Pacific Meat Substitute Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883611|
|Published||Content info||84 Pages
Delivery time: 2-3 business days
|Asia Pacific Meat Substitute Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 84 Pages||
Asia Pacific meat substitute market was valued at $XX million in 2018 and is anticipated to reach a value of $XX million by 2027 with a CAGR of 7.98 %. The economies of China, India, Japan, South Korea, Australia and the remaining countries banding together to form Rest of APAC are the major revenue contributors to the APAC meat substitutes market.
Asia-Pacific meat substitute market is growing owing to rising demand for convenience food and increasing popularity for meat substitutes and snacks. In countries like Japan and China, vegetarianism and veganism are becoming a trend, as more people are adopting healthy eating habits. Also, in India, millennials are experimenting with non-traditional cuisine and are expanding their international palates.
Furthermore, the demand for soy-based meat substitute is high, due to the popularity of tofu. Tofu is popularly consumed in China as a staple food. Tofu resembles much like meat, as it is spongy; it can be grilled and roasted just like meat. Consumers are more inclined toward soy-based food product like tofu as it is easily digestible, and has high amount of protein.
The major companies of the market are the Campbell Soup Company, Quorn Foods, Superbom, Meatless BV, Kellog Co., Beyond Meat, Amy's Kitchen Inc., Cauldron Foods, Vegaboom Healthy Option, Vbites Food Ltd., Sonic Biochem Limited, Conagra Brands Inc., MGP Ingredients, The Torfurky Company, and Impossible Foods Inc.