The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global meat substitutes market was valued at US$ 6.0 Billion in 2021.
We expect the global meat substitutes market to exhibit a CAGR of 6.8% during 2022-2027.
The emerging trend of veganism, along with growing consumer awareness towards associated health
benefits of meat substitutes, is currently driving the global meat substitutes market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
meat substitute products.
Based on the type, the global meat substitutes market has been bifurcated into tofu & tofu ingredients,
tempeh, textured vegetable protein (TVP), seitan, quorn, and others. Among these, tofu & tofu
ingredients hold the majority of the total market share.
Based on the source, the global meat substitutes market can be segmented into soy, wheat,
mycoprotein, and others. Currently, soy exhibits a clear dominance in the market.
Based on the category, the global meat substitutes market has been divided into frozen, refrigerated,
and shelf-stable. Among these, frozen meat substitute currently accounts for the majority of the global
Based on the distribution channel, the global meat substitutes market can be segregated into
supermarkets and hypermarkets, health and food stores, convenience stores, and others. Currently,
supermarkets and hypermarkets hold the largest market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East
and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global meat substitutes market include The Nisshin Oillio Group,
Dupont, Archer Daniels Midland, Amy's Kitchen, Conagra Brands, Quorn Foods, Cauldron Foods,
Campbell Soup Company, VBites, Blue Chip Group, Field Roast, Garden Protein International, LightLife,
Sweet Earth Foods, MGP Ingredients, Tofurky, Meatless, Sonic Biochem Limited, etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at