Meat Substitute Market: Toward a ‘Meat-Less’ Reality? - PowerPoint PPT Presentation

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Meat Substitute Market: Toward a ‘Meat-Less’ Reality?

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The global meat substitute market is estimated to progress with a CAGR of 14.00% during the forecast period of 2023 to 2032. Get more insights into our blog – PowerPoint PPT presentation

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Title: Meat Substitute Market: Toward a ‘Meat-Less’ Reality?


1
Meat Substitute Market Toward a Meat- Less
Reality?
Characterized by a taste, appearance, as
well as texture similar to meat-based
foods, meat substitutes are low in fat
and calories, rich in vegetable protein,
and thus, recommended due to their health
advantages. Traditionally, the main ingredient in
meat alternatives has been tofu, with its
earliest known reference dating back to 965
CE in China, in addition to yuba, wheat gluten,
nuts, and tempeh. As per Inkwood Researchs
analysis, the global meat substitute market
is estimated to progress with a CAGR of
14.00 during the forecast period of 2023 to
2032. A Meat-Less Reality How
Advantageous Are Meat Substitutes for Human
Health? The health benefits of reducing meat
consumption and including meat substitutes in the
diet are significant. From higher fiber
and lower saturated fat content to
positive
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  • environmental outcomes and dietary diversity,
    the advantages of meat substitutes for
    human health have played a pivotal role in
    increasing their adoption and consumption
  • globally.
  • For starters, meat substitutes serve the
    following important purposes
  • Minimized Meat Consumption Meat alternatives
    help meat eaters to minimize or completely
    eliminate meat from their diet on account
    of various reasons for instance, upon the
    recommendation of a cardiologist before or after
    heart surgery.
  • Social Inclusion Meat alternatives serve as an
    occasional comfort food for long-
  • time vegetarians, such as tofu or miso
    soup instead of chicken soup during flu
    season. Meatless turkey, also known as
    Tofurky, also makes it easier for vegans as
    well as vegetarians to blend in during festivals
    like Thanksgiving. Additionally, as per a One
    Poll Study, 68 of participants said that
    they would be willing to swap meat for
    plant-based alternatives if they tasted the same
    as meat.
  • Health Environmental Benefits The
    majority of individuals who become
  • vegetarians cite reasons associated with health,
    concern for the environment, and the protection
    of animals. Moreover, meat consumption also
    doubles greenhouse emissions compared with
    vegetarian diets. Meat alternatives or
    substitutes, in this regard, make it easier
    to transition to veganism or vegetarianism,
    while aiding the maintenance of a plant-based
    lifestyle.
  • And on that note, lets take a closer
    look at the advantages of meat substitutes
    with
  • regard to human health
  • Reduced Risk of Animal-Related Diseases

3
  • As evidenced in a study published in The
    American Journal of Clinical Nutrition,
    participants who swapped two or more
    servings per day of animal meat for plant-
    based meat for eight weeks had reduced
    levels of TMAO (a risk factor for
    cardiovascular disease) and lower LDL
    cholesterol.
  • Moreover, according to World Animal Protection,
    eating less meat has been found to decrease the
    chances of developing certain cancers,
    heart disease, diabetes, stroke, kidney
    disease, liver disease, and lung disease.
  • The World Health Organization has classified
    processed meats, such as sausage,
  • bacon, and ham, as carcinogenic to humans.
    As per this International Agency for Research
    on Cancer (IARC) study, experts concluded that
    every 50 grams portion of processed meat
    consumed every day surges the risk of
    colorectal cancer by approximately 18.
  • The Global Burden of Disease Project
    estimated that about 34,000 cancer deaths
    per year worldwide are attributable to diets high
    in processed meat. Although eating red meat has
    not yet been established as a cause of cancer,
    the Global Burden of Disease Project has
    evaluated that diets high in red meat could be
    responsible for 50,000 cancer deaths annually
    worldwide.
  • Meat substitutes possess the remarkable advantage
    of being low in calories as well as
  • fat, subsequently decreasing the likelihood of
    obesity as well as other serious conditions. This
    is mainly accredited to the fact that they are
    made from plant-derived ingredients, inherently
    low in fat. As a result, the reduced
    consumption of meat, coupled with the
    adoption of meat substitutes to make up for the
    nutrient loss, can play an essential role in
    lowering the likelihood of chronic diseases in
    humans.
  • Latest Developments in the Meat
    Substitute Market Exploring the Ambient
    Format
  • Although plant-based food products have
    continued to witness undisputable adoption
    over recent years, the majority of the
    growth has been focused on frozen
    meat substitutes.
  • Inkwood Research anticipates that the frozen
    category is set to observe significant growth
    during the forecast years of 2023 to 2032.
  • A far less-explored sector in this regard
    has been in the dry form, ambient space.
    Leading players such as Thoughtful Food
    (Singapore) believe that this format could be the
    answer to resolving various challenges
    associated with convenience and versatility
    that the frozen segment is struggling to
    overcome. As per Food Navigator Asia, plant-

4
based meat in a dry, ambient format could
provide the meat substitute industry with
cleaner as well as more convenient options that
can, in turn, also provide longer shelf- life
and stability. While there are certain
disadvantages, such as high prices, it is
conceivable that meat substitutes will
likely become less expensive as research
and development initiatives progress when
scalability is no longer an issue. Furthermore, wh
ile plant-based meat is primarily sold in Western
nations, studies suggest that Asian countries are
set to become a potential market over the
upcoming years on account of the rising
interest in meat substitutes. The currently
lower acceptance rate of alternative meat
foods in Asia can be accredited to food
neophobia however, as per A Survey of
Consumer Perceptions of Plant-Based and Clean
Meat in the USA, India, and China, the
acceptance of new foods are likely to
increase over time, as consumers become
more familiar with alternative proteins.
Hence, these factors are set to provide the
global meat substitute market with lucrative
growth prospects during the forecast period. By
Shruti Vanjare FAQs Are meat substitutes
healthier than meat? Meat substitutes can be a
healthier alternative to meat since they
typically comprise less saturated fat and
cholesterol, in addition to a higher content of
fiber and nutrients compared to meat. However,
meat substitutes may contain lower levels of
several nutrients, such as vitamin B12 and zinc,
commonly found in regular animal-derived
meat. What are some common meat
substitutes? Common meat substitutes include
tofu, tempeh, seitan, plant-based burgers,
sausages, textured vegetable protein (TVP), and
others. As per Inkwood Research, the textured
5
vegetable protein (TVP)-based segment is set to
dominate the product type category in the global
meat substitute market by 2032.
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