meat substitutes market

1
2022
Rising Food Security Concerns Propelling Meat
Substitutes Demand
2
The Climate Change and Land report published by
the United Nations (UN) states that food security
will be endangered if people do not shift from
red meat to plant-based foods, such as
vegetables, legumes, and fruits, and animal
protein sources, such as eggs, milk products,
pigs, and chicken, as these food products emit
lower volumes of greenhouse gases (GHGs) than red
meat over their lifetime. As food security refers
to the state of having reliable access to a
significant volume of affordable and nutritious
food, the burgeoning demand for plant-based
products will augment the consumption of meat
substitutes worldwide.   Moreover, the mounting
investments being made in plant-based protein
ingredients will help the meat substitutes market
prosper during 20212030. According to PS
Intelligence, the market generated 2 billion
revenue in 2020. Additionally, the increasing
consumer preference for a vegan diet will also
steer more people toward meat substitutes. This
shift toward a vegan diet can be credited to the
growing public awareness about clean eating,
healthy lifestyle, weight management, and
sustainability. For example, 560,000 people
participated in the Veganuary Campaign, where
people consumed vegan foods throughout January,
in 2021. Request for sample copy of this
report https//www.psmarketresearch.com/market-an
alysis/meat-substitutes-market/report-sample Quor
n, seitan, tempeh, and tofu are the popular meat
substitutes being consumed by people across the
world. All the different meat substitutes are
available in textured, concentrates, and isolate
forms. In the coming years, seitan will be
consumed in enormous quantities, as seitan-based
products are a great option for vegans who cannot
eat soy products. Additionally, the availability
of seitan in multiple forms, such as marinated
strips, blocks, slices, and shaped masses will
also encourage more people to opt for such edible
items.
3
In recent years, vegan product manufacturers have
introduced new products according to regional
preferences. For instance, in June 2019, DuPont
de Nemours Inc. launched a new egg white
replacement system for plant-based meat
substitutes. Other companies opting for this
strategic measure are Archer Daniels Midland
Company, Impossible Foods Inc., The Nisshin
OilliO Group Ltd., Unilever NV, DuPont, Kerry
Group Plc, Marlow Foods Ltd., Hilton Food Group
plc, Tyson Foods, Wilmar International Limited,
Conagra Brands, and Axiom Foods.   Globally,
North America is expected to dominate the meat
substitutes market in the coming years, due to
the surging public awareness about health and
increasing consumer preference for plant-based
alternatives of meat that can offer a similar
taste, flavor, and texture as processed meat
products at affordable prices. The Academy of
Nutrition and Dieticians propounds that as
compared to meat eaters, vegans are less likely
to develop high blood pressure, heart diseases,
diabetes, and cancer.   Browse full report at
https//www.psmarketresearch.com/market-analysis/m
eat-substitutes-market Further, the Asia-Pacific
(APAC) region will also consume a considerable
quantity of meat substitutes in the foreseeable
future. This will be on account of the rising
public awareness about healthy diets, such as
vegetarian and vegan diets, and booming food
demand due to the mounting population in the
region. As per the United Nations Population Fund
(UNFPA), APAC is home to around 4.3 billion
people, accounting for nearly 60 of the global
population.   Therefore, the rising public
concerns regarding food security, sustainability,
and nutrition, increasing investments in
plant-based protein ingredients, and booming
vegan population will result in the large-scale
consumption of meat substitutes globally.
4
Market Segmentation

• By Source
• Soy Protein
• Wheat Protein
• Pea Protein
• Others
• By Type
• Concentrates
• Isolates
• Textured
• By Product
• Tofu
• Tempeh
• Seitan
• Quorn
• Others

• By Region
• North America Meat Substitutes Market
• Europe Meat Substitutes Market
• Asia-Pacific (APAC) Meat Substitutes Market
• Latin America (LATAM) Meat Substitutes Market
• Middle East and Africa (MEA) Meat Substitutes
  Market
• Analysis of Countries
• Further breakdown of 16 listed countries will be
  provided as per below segmentation
• By source
• By type
• By product

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