The global meat substitutes market is projected to reach USD 6.48 billion by 2025, rising at a CAGR of 7.9%. The significant presence of the millennial population across the globe and their rising demand for plant-based meat products along with growing health awareness are factors driving the meat substitutes market.
A meat analog, also known as a meat substitute, mock meat, fake meat or imitation meat, approximates the visual qualities and chemical characteristics of different types of meat. Over the years, the use of vegetable proteins in food products has increased due to animal diseases, a global shortage of animal protein, high demand for safe and religious (halal) food, and economic reasons. A meat-based diet requires a substantially higher amount of environmental resources per calorie compared to a more grain-based diet, i.e. 2 to 15 kg of plant foods are required to produce 1 kg of meat. The creation of new food items that are appealing to customers is a challenge. However, it becomes much more difficult when these new foods are meant as a replacement for items that are highly regarded and embraced, such as beef. This challenge was accepted to create new sustainable meat alternatives to reduce the negative environmental effects of industrial meat production on human consumption. Fortunately, because of their high protein content, the importance of legumes and oilseed proteins in the development of various functional food products is growing.
However, the biggest barrier to the use of such legumes and oilseeds is the presence of anti-nutrients, which can be effectively eliminated or inactivated using certain processing methods. Legumes and oilseeds have well-balanced profiles of amino acids when consumed with cereals. Soybean proteins, wheat gluten, cottonseed proteins, and other plant proteins have been widely used for the preparation of meat analogs. Texturized vegetable proteins may substitute meat products while providing an inexpensive, practical and high-protein food ingredient or may be consumed directly as meat analogs. Mycoproteins and meat analogs are fungal and are used as a high-protein, low-fat, good texture and health-promoting food product. Texturized vegetable proteins and a variety of mycoprotein-based products are known as food analogs. There are also restrictions on the growth and use of meat analogs.
The global meat substitutes market is categorized based on source, type, and product. Based on type, the concentrates segment is projected to witness the highest growth in the meat substitutes market during the forecast period. By form, the solid segment is anticipated to grow at a lucrative rate over the forecast period. Based on product type, tofu and tempeh segments grabbed over 40% and 30% shares respectively, of the total global meat substitutes market in 2019. Geographically, Asia-Pacific dominated the global meat substitutes market in 2018; however, North America and Europe are expected to be the fastest-growing region by 2025.
Many domestic and global players provide meat substitutes of various types across the world. Major manufacturers have their presence in the North American and European countries. The key companies in the meat substitutes market are Archer Daniels Midland Company (US), DuPont (US), Roquette Frères (France), Kerry (Ireland), Ingredion (US), Sotexpro S.A (France), CRESPEL & DEITERS (Germany), CHS INC. (US), Suedzucker (Germany), MGP Ingredient (US), Puris (US), The Emsland Group (Germany), and Cargill (US).
Key Segments of the Global Meat Substitutes Market
Source Overview, 2015-2025 (USD Million) (Kilo Tons)
- Soy protein
- Wheat protein
- Pea protein
Type Overview, 2015-2025 (USD Million) (Kilo Tons)
Product Type Overview, 2015-2025 (USD Million) (Kilo Tons)
Form Type Overview, 2015-2025 (USD Million) (Kilo Tons)
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Growing preference for plant-based proteins
- Rapid source advancements in meat substitutes industry
- High processing cost involved in the production of meat substitutes, as compared to natural meat
What does the report include?
- The study on the global meat substitutes market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s Five Forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of source, type, product, form. Moreover, the study on meat substitutes market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global meat substitutes market is suitable for all the players across the value chain including raw material suppliers, meat substitutes manufacturers, suppliers, distributors, importers, and exporters
- Venture capitalists and investors looking for more information on the future outlook of the global meat substitutes market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global meat substitutes market
Vegetarian foods occupy a greater shelf space than ever before in today's market due to growing consumer health issues and environmental concerns. The rise in consumer demand for healthier diets, the concern about rising meat prices, the increasing prevalence of vegetarianism and the growing interest of consumers in related eating habits, such as avoiding or decreasing the consumption of red meat, have resulted in a continuous increase in demand for the average analog and the use of an alternative source such as plant protein. Over the years, the use of vegetable proteins in food products has increased due to animal diseases, a global shortage of animal protein, high demand for safe and religious (halal) food, and economic reasons. A meat-based diet requires a substantially higher amount of environmental resources per calorie compared to a more grain-based diet, i.e. 2 to 15 kg of plant foods are required to produce 1 kg of meat
Meat substitute can be described as a compound that is structurally similar to another but slightly different in composition. Here the meat analog is a product that is structurally similar to the meat but varies in its composition. Meat equivalent, also referred to as meat substitute, artificial meat, fake meat or imitation meat, approximates the esthetic qualities (primarily texture, taste and appearance) and/or the chemical characteristics of different types of meat. This can also refer to a meat-based, safer and/or less costly alternative to a specific meat product. Moreover, major industry players are also investing in R&D to develop technologically advanced meat substitutes.
The global meat substitutes market is categorized by source, type and product and region. Based on source, soy protein, wheat protein, pea protein and by type, concentrates, isolates, and textured. On the basis of product, tofu, tempeh, seitan, and quorn and by form solid and liquid. Plant-based protein ingredients have proved to be a great replacement for animal products. It is due to their high protein content, along with their texture, which improves the taste of the final products. The market for soy protein accounted for the highest market share due to the high demand for soy-based substitute meat products, such as pork, beef, and chicken, due to their high protein content. The other factor may be an increase in the use of organic and vegetarian diets. Soy-based foods are non-cholesterol-free, unlike animal protein foods, and act as a healthy source of nutrition. These factors are likely to favor the soy protein segment during the forecast period.
Based on type the concentrates segment is projected to witness the highest growth in the meat substitutes market during the forecast period
Concentrates, when added to the food, give a high protein content and relatively low-calorie content. These concentrates are used as additives to improve the strength and texture of various products. Concentrates are more polished than textured, although they are less polished than isolates.
North America is expected to account for the largest market share in meat substitutes in the Concentrate segment during the forecast period. It is due to the low price of concentrates relative to isolates. Another essential consideration may be that soya protein concentrates (SPCs) are quickly digested by humans and contain the same amount of protein as found in milk, meat, and eggs.
The global meat substitutes market is cumulative to Asia-Pacific, North America, Latin America, and Middle East & Africa. Asia-Pacific dominated the global meat substitutes market in 2019. However in the forecasted period, tNorth America is expected to grow at the highest pace by 2025.
Asia Pacific’s growth is attributed to the increasing awareness of people about healthy dietary habits. The main factors driving growth in the Asia-Pacific region are the need for health benefits, animal protection, environmental sustainability, cost-effectiveness and an increasing range of plant-based meat products. Awareness developed by global animal rights groups, such as PETA (People for Ethical Treatment for Animals), has contributed to people seeking a meat-free diet. Non-meat-based foods are already popular in Asia, with tofu widely used in Asian dishes and bean-based conges widely consumed in countries such as China.is also further propelling the market growth.
North America is expected to account for the largest market share of meat substitutes in the Concentrate segment during the forecast period. It is due to the low price of concentrates relative to isolates. Another significant consideration may be that soya protein concentrates (SPCs) are quickly digested by humans and contain the same amount of protein as found in milk, meat, and eggs.