The global meat substitutes market reached a value of US$ 6.0 Billion in 2021. Meat substitutes, also known as mock meats, refer to vegetarian food items consumed as an alternative to poultry, meat, and fish products. They are similar in taste, appearance, and texture to non-vegetarian food products. Meat substitutes are made from grain- and plant-based sources that are high in protein and other nutrients. Common meat substitutes include soy, tofu, tempeh, textured vegetable proteins, and seitan.
As per the analysis by IMARC Group, the top meat substitutes companies are extensively investing in the development of the organized retail sector and online retail portals for seamless distribution of meat substitute products. In addition, with the growing trend of veganism and the rising awareness regarding the environmental impact of animal farming for meat production, manufacturers are introducing numerous product variants. They are processed with food additives, emulsifiers, colorants, and leavening agents, which provide enhanced flavor, texture and shelf-life, thus fueling the market growth. For instance, McDonald’s is introducing plant-based burgers in the market to meet the growing consumer demand. Looking forward, the market value is expected to reach US$ 8.9 Billion by 2027, exhibiting a CAGR of 6.8% during 2022-2027.
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Top Largest Companies in the Meat Substitutes Industry Worldwide:
The Nisshin Oillio Group Limited
Headquarters: Shinkawa, Japan
The Nisshin OilliO Group, established as Nisshin Soybean Crushing Co., deals in four product segments, namely, oil and fat, processed food and materials, fine chemicals, and other businesses. They aim to lead in the creation of products and services that meet the needs of the customers and make a significant contribution to society through the unlimited potential of plant resources and cutting-edge technologies.
Dupont Nutrition and Biosciences
Headquarters: Wilmington, United States
Dupont Nutrition and Biosciences is a world leader in innovative and sustainable solutions across the food, health, pharma, and biotech industries. It leads the way in product safety and stewardship through regulatory leadership and insight. It offers enhanced bio-protection, improved nutritional profile, and superior taste and texture with greater cost-efficiency, along with a lower environmental impact.
Archer Daniels Midland (ADM)
Headquarters: Chicago, United States
ADM is one of the world’s largest companies that leads in both human and animal nutrition. The company aims to unlock the power of nature and transforms crops into ingredients and solutions for foods, beverages, and supplements for people all around the world. It includes a wide range of solutions and services for livestock, aquaculture, and pets. From plant-based proteins to probiotics, the company is growing nutrition trends, working closely with its customers to create custom, delicious solutions from nature to meet consumer preferences.
Headquarters: California, United States
For the last 30 years, Amy’s Kitchen has been pioneering the organic food movement. The company’s mission is to make good food for everyone at the table. It specializes in vegetable pot pies with a flaky, homestyle crust, along with more than 250 products such as beans and chilli, desserts, pasta, sauce, snacks, soups, veggies, burgers, and sandwiches.
Gardein Protein International, Inc. (Conagra Brands, Inc.)
Headquarters: Chicago, United States
Gardein Protein International, Inc., a brand of Conagra Brands, Inc., is answering the growing demand for plant-based food by expanding its line of meat-free dishes, including new items that feature pea and wheat protein. Conagra Brands, Inc. is modernizing the iconic food brands, leveraging fresh opportunities and adapting to a changing landscape with a culture that’s ready to capture growth and drive shareholder values.
Headquarters: Stokesley, United Kingdom
Quorn Foods’ mission is to get more people into delicious vegetarian and vegan meals. It provides healthy meat-free food for people and the planet. The company has been providing delicious food that is healthy for both the planet and its people, with protein cultivated from non-animal sources since 1985 . The products contain Quorn mycoprotein, a naturally occurring super protein that enhances the overall health of the consumers.
Headquarters: Bristol, United Kingdom
Cauldron aims to provide its consumers with plant-based food, consisting of authentic flavors and wholesome nutrition. The company is proud to share the love for plant-based loveliness with products, expertise and hundreds of mouth-watering recipes. It offers a wide range of tofu and sausages that are high in protein and falafels that are low in saturated fat. Moreover, the company is focusing on introducing organic Teriyaki Tofu with experimentation to add texture and flavor to Asian-style dishes.
Campbell Soup Company
Headquarters: StokesleCamden, United States
The company provides food, recipes and tailor-made solutions for healthcare facilities, restaurants, and specialty coffee shops across schools, vending machines, micro-markets, and lodgings. As a purpose-driven company, it plays an integral role in society, from the food it makes and the way it makes it to its longstanding commitment to the communities and the environment. Furthermore, the company is continuing to advance its strategic plans, deliver on the promises of purpose, drive growth, and continue the legacy of impact for all its stakeholders.
Headquarters: Nottinghamshire, United Kingdom
At its roots, VBites is a vegan company that focuses on the health and welfare of animals. This philosophy pervades everything it does, from the way it supports small businesses to the choice of ingredients in the products. Its mission is to deliver all of the taste and texture of meat, fish, and dairy products without the harmful dietary, environmental, welfare and sustainability drawbacks of pastoral agriculture and fishing.
Blue Chip Group, Inc.
Headquarters: Salt Lake City, United States
Blue Chip Group Inc. is a flourishing business dedicated to making the best food storage products on the market. It markets under two brands, namely Augason Farms and Live Prepared. It specializes in over 300 different products, including entrees, snacks, and beverages. It also provides gluten-free alternatives and fresh organic produce to its consumers.
Field Roast Grain Meat Co., Inc.
Headquarters: Seattle, United States
Field Roast Grain Meat Co., Inc. offers indulgent plant-based food such as sausages, deli meats, and frozen apps to dairy-free cheese that satisfies cravings instantly. It paved the way for enticing and delicious food, which is the combination of the European charcuterie methods and the Asian mien Ching traditions to craft plant-based meats and cheese from grains, fresh-cut vegetables, herbs, and spices. This community of passionate flavor creators believes that the finer pleasure in life has a taste worth discovering and inspiring recipes that bring people together.
LightLife Foods, Inc.
Headquarters: Massachusetts, United States
LightLife Foods, Inc. produces plant-based, vegan, vegetarian, tempeh, and plant-based protein foods. It locally sources simple ingredients, such as herbs and spices, which are blended with plants to bring out the natural flavor and nutritional properties to their full potential. It believes in sharing the love for plant-based food and leading a balanced life with its delicious and nutritious food products.
Sweet Earth Foods
Headquarters: California, United State
Sweet Earth Foods, a brand of Nestlé SA, is a food and beverage company that makes food with fresh and natural ingredients. The products are prepared in the traditional methods of the bygone ages and seasoned with flavors of the world. The company believes that the essential ingredients are the ones that are not listed on the package: sweet vibes, rolling surf, and pure sunshine. It offers plant-based, vegan, or vegetarian food products recipes that are made in the California kitchen.
MGP Ingredients, Inc.
Headquarters: Atchison, United States
Since its inception, the company has grown into one of the leading suppliers of premium distilled spirits and specialty wheat protein and starches. It is creating some of the finest whiskeys, ryes, bourbons, gins, and vodkas in the world. It also offers a wide range of innovative products, including Pregel, Proterra and Midsol to Fiberrite, Arise, HWG, and Obtein, from soft and chewy to crispy and flaky, or from protein-rich to clean label.
Tofurkey Company, Inc.
Headquarters: Oregon, United States
Tofurkey Company, Inc. is a staunch advocate for animal welfare and is reinvesting in a wide variety of environmental initiatives. It aims to make food for plant-eaters, meat-eaters, and people who do not stick to labels in food products. For its eco-friendly products, Tofurkey sources local and organic ingredients from its Pacific Northwest neighbors such as Bob’s Red Mill for flours and grains and Full Sail Brewing.
Meatless switched to plant-based production of basic raw materials for the vegetarian and meat industry in 2005. It provides texturized raw materials as an ingredient for vegetarian and vegan food. Today, it produces more than 2000 kg of product per hour in a 24-hour production scheme. Moreover, the company is committed to successfully improving products for clients all over the globe.
Sonic Biochem Extractions Private Limited
Headquarters: Madhya Pradesh, India
Sonic Biochem Extractions Private Limited is the largest non-GMO soy ingredient manufacturing company that is developing, manufacturing, and supplying world-class non-GMO soy food, soya, and sunflower lecithins, phospholipids, and pharmaceutical ingredients for food, processed meat, nutraceuticals, and healthcare industry. It firmly believes in innovation and enhancing values for its customers. It also believes in the continuous improvement of products, processes, and people.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects in the meat substitutes industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development