Market Summary
Research Methodology on Meat Substitute Market
Introduction
The published research report seeks to analyze the meat substitute market. The market is expected to have an impressive growth rate during the forecast period of 2023-2030. As increasing nutritional awareness drives people towards healthier food options, the demand for meat substitutes has significantly grown globally. The major factor that drives this demand is the increasing incidences of health risks related to the consumption of meat. In addition, the increasing vegetarian and vegan population is likely to propel the demand for meat substitutes in the upcoming years.
Research Methodology
To better understand the market and gain accurate insights into the meat substitute market, a comprehensive research methodology is employed. The research methodology used in this study is a combination of both qualitative and quantitative approaches to review the meat substitute market. This methodology is useful in providing an in-depth analysis of the market and its driving and restraining forces.
The research procedure employed for this research includes primary and secondary research. Primary research consisting of interviews, surveys and focus groups is used for obtaining first-hand information about the market. Such primary information is collected from key players in the industry, industry experts and relevant stakeholders. On the other hand, secondary research involves desk and database research techniques to gather information from industry reports, articles, journals, company websites and other reliable sources. The collected information from both primary and secondary research is analyzed and evaluated to gain a better understanding of the market and to arrive at a valid and reliable conclusion.
The data is collected from both primary and secondary sources for accurate market estimation. The primary sources include industry leaders and professionals, industry experts, and suppliers. The secondary sources include books, whitepapers, government websites, online news sources, journals, and articles. The data is gathered using qualitative and quantitative research methods.
The data collected is analyzed using the quantitative research method through conventional statistical analyses, software modelling, econometric modelling and survey analysis. These methods are chosen to gain an accurate determination of the market size and drivers of the meat substitute market.
The data is further categorized into different segments according to product type, primary source, price range, application, distribution channel, and region. These segments are chosen to assist in the detailed analysis of the individual market segments which include the size, growth, revenue, share, and competitive landscape.
Data sources used for the research paper include official government documents and statistical databases. Secondary information sources employed include interviews with industry experts and customers, company documents, annual reports and financial reports.
Conclusion
The research methodology employed for this research report provides a comprehensive coverage of the meat substitute market and its different aspects. Through this methodology, the key drivers and restraints of the market are identified. Also, the opportunities and challenges associated with the market have been explored. Primary and secondary sources of data are used to gather accurate and reliable information. Quantitative and qualitative methods were employed to analyze and evaluate the obtained data. Thus, this research methodology provides an in-depth analysis of the various aspects of the meat substitute market.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 5.39 billion |
Market Size 2024 | USD 5.51 billion |
Market Size 2032 | USD 9.99 billion |
Compound Annual Growth Rate (CAGR) | 7.72% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2019 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Source, Category, Distribution Channel, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
Companies Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Beyond Meat, AMY's Kitchen Inc., Garden Protein International Inc., Quorn Foods Inc, Morningstar Farms L.C. |
Key Market Opportunities | Increasing number of players in the market |
Key Market Dynamics | Rising awareness regarding plant-based protein products Changing lifestyle of individuals globally |
Major Players
Meat Substitute Type Outlook (USD Billion, 2021-2030)
Tofu & Tofu Products
Tempeh
Seitan
Others
Meat Substitute Source Outlook (USD Billion, 2021-2030)
Soy
Wheat
Mycoprotein
Others
Meat Substitute Distribution Channel Outlook (USD Billion, 2021-2030)
Store based
Non-store based
Meat Substitute Regional Outlook (USD Billion, 2021-2030)
North America Outlook (USD Billion, 2021-2030)
North America Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
North America Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
North America Meat Substitute by Distribution Channel
Store based
Non-store based
US Outlook (USD Billion, 2021-2030)
US Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
US Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
US Meat Substitute by Distribution Channel
Store based
Non-store based
CANADA Outlook (USD Billion, 2021-2030)
Canada Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Canada Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Canada Meat Substitute by Distribution Channel
Store based
Non-store based
Europe Outlook (USD Billion, 2021-2030)
Europe Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Europe Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Europe Meat Substitute by Distribution Channel
Store based
Non-store based
Germany Outlook (USD Billion, 2021-2030)
Germany Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Germany Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Germany Meat Substitute by Distribution Channel
Store based
Non-store based
France Outlook (USD Billion, 2021-2030)
France Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
France Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
France Meat Substitute by Distribution Channel
Store based
Non-store based
UK Outlook (USD Billion, 2021-2030)
UK Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
UK Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
UK Meat Substitute by Distribution Channel
Store based
Non-store based
ITALY Outlook (USD Billion, 2021-2030)
Italy Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Italy Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Italy Meat Substitute by Distribution Channel
Store based
Non-store based
SPAIN Outlook (USD Billion, 2021-2030)
Spain Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Spain Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Spain Meat Substitute by Distribution Channel
Store based
Non-store based
Rest Of Europe Outlook (USD Billion, 2021-2030)
Rest of Europe Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Rest of Europe Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Rest of Europe Meat Substitute by Distribution Channel
Store based
Non-store based
Asia-Pacific Outlook (USD Billion, 2021-2030)
Asia-Pacific Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Asia-Pacific Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Asia-Pacific Meat Substitute by Distribution Channel
Store based
Non-store based
China Outlook (USD Billion, 2021-2030)
China Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
China Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
China Meat Substitute by Distribution Channel
Store based
Non-store based
Japan Outlook (USD Billion, 2021-2030)
Japan Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Japan Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Japan Meat Substitute by Distribution Channel
Store based
Non-store based
India Outlook (USD Billion, 2021-2030)
India Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
India Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
India Meat Substitute by Distribution Channel
Store based
Non-store based
Australia Outlook (USD Billion, 2021-2030)
Australia Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Australia Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Australia Meat Substitute by Distribution Channel
Store based
Non-store based
Rest of Asia-Pacific Outlook (USD Billion, 2021-2030)
Rest of Asia-Pacific Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Rest of Asia-Pacific Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Rest of Asia-Pacific Meat Substitute by Distribution Channel
Store based
Non-store based
Rest of the World Outlook (USD Billion, 2021-2030)
Rest of the World Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Rest of the World Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Rest of the World Meat Substitute by Distribution Channel
Store based
Non-store based
Middle East Outlook (USD Billion, 2021-2030)
Middle East Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Middle East Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Middle East Meat Substitute by Distribution Channel
Store based
Non-store based
Africa Outlook (USD Billion, 2021-2030)
Africa Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Africa Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Africa Meat Substitute by Distribution Channel
Store based
Non-store based
Latin America Outlook (USD Billion, 2021-2030)
Latin America Meat Substitute by Type
Tofu & Tofu Products
Tempeh
Seitan
Others
Latin America Meat Substitute by Source
Soy
Wheat
Mycoprotein
Others
Latin America Meat Substitute by Distribution Channel
Store based
Non-store based
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