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Meat Substitute Market By Product Type (Tofu, Tempeh, Textured vegetable protein, Quorn, Seitan), Source (Soy, Wheat, Mycoprotein), Category (Frozen, Refrigerated, Shelf-stable) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020

  • ID: FO 16816
  • Feb 2016
  • 100 pages
  • Price: $4296
$2765

Meat Substitute Market Overview:

Global Meat Substitute Market is expected to garner a revenue of $5.2 billion by 2020, registering a CAGR of 8.4% during the forecast period 2015 - 2020. Meat is an excellent source of protein but contains high level of cholesterol and saturated fats. Individuals who consume it on a regular basis are more prone to develop health problems such as obesity and atherosclerosis.

Meat substitutes are products that resemble actual meat in terms of taste, flavor, and appearance, but are healthier as compared to meat. Such products are increasingly being used as substitutes for regular meat and meat products. They are primarily composed of ingredients such as soy, wheat, and others. Tofu is amongst the most popular meat substitute and is widely used as an alternative for pork, chicken, beef, and other meats. Europe and North America are amongst the biggest markets of meat substitutes; however Asia-Pacific is the fastest growing market.

Rising obesity rates all over the world and increasing health problems such as heart diseases, high blood pressure, diabetes, asthma, and others have led to increase in number of health conscious individuals worldwide. Per-capita consumption of meat has witnessed a decline, especially in developed economies in the recent past. Food products that are high in nutritional value and have similar taste and texture as that of meat, are gaining prominence among consumers. Other factors driving the market are innovative product launches by players operating in the market and attractive marketing and positioning strategies. However, a variety of low-cholesterol meat products available in the market including lean meats, pose a threat to the industry.

The market is segmented on the basis of product type, source, category, and geography. The segments on the basis of product type include meat substitutes prepared from tofu, tempeh, textured vegetable protein (TVP), quorn, seitan and others. On the basis of source, the market has been segmented into soy, wheat, mycoprotein and others (pea protein, rice protein and other sources based). Textured vegetable protein and tofu are amongst most popular ingredients used for the preparation of soy based meat substitutes. Seitan is commonly used for the preparation of wheat based meat substitutes. Market segmentations on the basis of category include frozen, refrigerated and shelf-stable meat substitutes. To gain a comprehensive understanding, the market scenario is analyzed across key geographic regions namely North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report are Amy’s Kitchen (U.S.), Beyond Meat (U.S.), Cauldron Foods (U.K.), Garden Protein International, Inc. (Canada), Meatless B.V. (The Netherlands), Quorn Foods (U.K.), Vbites Food, Ltd. (U.K.), Morningstar Farms (U.S.), MGP Ingredients (U.S.), Sonic Biochem Extractions Limited (India).  Companies such as Amy’s Kitchen offer a wide range of innovative vegan meals and snacks. Beyond Meat, a leading player in meat substitute market offers highly innovative substitutes of pork, chicken, turkey, and beef.   

MEAT SUBSTITUTE MARKET KEY BENEFITS

  • The study provides an in-depth analysis of the global meat substitutes market with current and future trends to elucidate the prominent investment pockets in the market
  • Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the meat substitue market
  • The report provides information regarding key drivers, restraints, and opportunities with impact analysis
  • Quantitative analysis of the current market and forecast from 2015 to 2020 are provided to showcase the financial appetency of the market
  • Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market
  • Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain

MEAT SUBSTITUTE MARKET KEY SEGMENTS

BY PRODUCT TYPE

  • Tofu Based
  • Tempeh Based
  • Textured Vegetable Protein Based
  • Quorn Based
  • Seitan Based
  • Others

BY SOURCE

  • Soy
  • Wheat
  • Mycoprotein
  • Others (milk, rice, and others)

BY CATEGORY

  • Frozen
  • Refrigerated
  • Shelf-stable

BY GEOGRAPHY

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

Key Players:

  • Amy’s Kitchen Inc. (U.S.)
  • Beyond Meat (U.S.)
  • Cauldron Foods (U.K.)
  • Garden Protein International, Inc. (Canada)
  • Meatless B.V. (Netherlands)
  • Quorn Foods (U.K.)
  • Vbites Food, Ltd. (U.K.)
  • Morningstar Farms (U.S.)
  • MGP Ingredients Inc. (U.S.)
  • Sonic Biochem Extractions Limited (India)
 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segmentation
1.4 Research methodology

1.4.1 Secondary Research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors in meat substitute market
3.2.2 Top winning strategies in meat substitute market
3.2.3 Top investment pockets in the Meat substitute market

3.3 Porters five force analysis

3.3.1 High bargaining power of buyers due to growing demand of high-end differentiated products and increasing number of players in the industry
3.3.2 Moderate bargaining power of suppliers due to increasing global demand of high-quality raw materials and presence of limited number of suppliers
3.3.3 High threat of substitutes on account of availability of low-fat meat products
3.3.4 High threat of new entrants due to rapid industry growth and low entry barriers
3.3.5 High Rivalry among Competitors In Order To Gain Larger Share of the small Market

3.4 Value chain analysis

3.4.1 Raw material suppliers
3.4.2 Meat substitute producers
3.4.3 Distribution platforms
3.4.4 End users

3.5 Market Share Analysis, 2014
3.6 Market dynamics

3.6.1 Drivers
3.6.2 Restraints
3.6.3 Opportunities

Chapter: 4 WORLD MEAT SUBSTITUTE MARKET BY PRODUCT TYPE

4.1 Tofu Based

4.1.1 Key market trends
4.1.2 Competitive Scenario
4.1.3 Key Growth Factors & Opportunities
4.1.4 Market Size and Forecast

4.2 Tempeh Based

4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast

4.3 Textured Vegetable Protein Based

4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market size and forecast

4.4 Quorn Based

4.4.1 Key market trends
4.4.2 Competitive scenario
4.4.3 Key growth factors and opportunities
4.4.4 Market size and forecast

4.5 Seitan Based

4.5.1 Key market trends
4.5.2 Competitive scenario
4.5.3 Key growth factors and opportunities
4.5.4 Market size and forecast

4.6 Others

4.6.1 Key market trends
4.6.2 Competitive scenario
4.6.3 Key growth factors and opportunities
4.6.4 Market size and forecast

Chapter: 5 WORLD MEAT SUBSTITUTE MARKET BY SOURCE

5.1 Soy

5.1.1 Market overview
5.1.2 Market size and forecast

5.2 Wheat

5.2.1 Market overview
5.2.2 Market size and forecast

5.3 Mycoprotein

5.3.1 Market overview
5.3.2 Market size and forecast

5.4 Other sources (milk, rice, and others)

4.4.1 Market Overview
5.4.2 Market size and forecast

Chapter: 6 WORLD MEAT SUBSTITUTE MARKET BY CATEGORY

6.1 Frozen

6.1.1 Market overview
6.1.2 Market size and forecast

6.2 Refrigerated

6.2.1 Market overview
6.2.2 Market size and forecast

6.3 Shelf-Stable

6.3.1 Market overview
6.3.2 Market size and forecast

Chapter: 7 WORLD MEAT SUBSTITUTE MARKET BY GEOGRAPHY

7.1 North America

7.1.1 Key market trends
7.1.2 Competitive scenario
7.1.3 Market growth factors and opportunities
7.1.4 Market size and forecast

7.2 Europe

7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Market growth factors and opportunities
7.2.4 Market size and forecast

7.3 Asia Pacific

7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market size and forecast

7.4 LAMEA

7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1 Amys Kitchen Inc.

8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Business performance
8.1.4 Strategic moves and developments
8.1.5 SWOT analysis and strategic conclusion of Amys Kitchen

8.2 Beyond Meat

8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Business performance
8.2.4 Strategic moves and developments
8.2.5 SWOT analysis and strategic conclusion of Beyond Meat

8.3 Cauldron Foods

8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Strategic moves and developments
8.3.5 SWOT analysis and strategic conclusion of Cauldron Foods

8.4 Quorn Foods

8.4.1 Company overview
8.4.2 Company Snapshot
8.4.3 Business performance
8.4.4 Strategic moves and developments
8.4.5 SWOT analysis and strategic conclusion of Quorn Foods

8.5 Garden Protein International, Inc.

8.5.1 Company overview
8.5.2 Company Snapshot
8.5.3 Business performance
8.5.4 Strategic moves and developments
8.5.5 SWOT analysis and strategic conclusion of Garden Protein International, Inc.

8.6 Meatless B.V.

8.6.1 Company overview
8.6.2 Company Snapshot
8.6.3 Business performance
8.6.4 Strategic moves and developments
8.6.5 SWOT analysis and strategic conclusion of MEATLESS B.V.

8.7 Vbites Food, Ltd.

8.7.1 Company overview
8.7.2 Company Snapshot
8.7.3 Business performance
8.7.4 Strategic moves and developments
8.7.5 SWOT analysis and strategic conclusion of Vbites Food, Ltd.

8.8 Morningstar Farms

8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 Strategic moves and development
8.8.5 SWOT analysis and strategic conclusion of Morningstar Farms

8.9 MGP Ingredients Inc.

8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Strategic moves and developments
8.9.5 SWOT analysis and strategic conclusion of MGP Ingredients

8.10 Sonic Biochem Extractions Limited

8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Business performance
8.10.4 Strategic moves and developments
8.10.5 SWOT analysis and strategic conclusion of Sonic Biochem Extractions Limited

List of Tables

TABLE 1 WORLD MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 2 WORLD MEAT SUBSTITUTE MARKET BY PRODUCT TYPE, 2014 - 2020 ($ MILLION)
TABLE 3 TOFU BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 4 TEMPEH BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 5 TEXTURED VEGETABLE PROTEIN BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 6 QUORN BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 7 OTHER SOY PRODUCTS BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 8 MEAT SUBSTITUTE MARKET BY SOURCE, 2014 - 2020 ($MILLION)
TABLE 9 SOY BASED MEAT SUBSTITUTE PRODUCTS BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 10 WHEAT BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 11 MYCOPROTEIN BASED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 12 OTHER SOURCES BASED (PEA PROTEIN, RICE PROTEIN AND OTHERS) MEAT SUBSTITUTE MARKET BY REGION, 2014 - 2020 ($MILLION)
TABLE 13 MEAT SUBSTITUTE MARKET BY CATEGORY, 2014 - 2020 ($MILLION)
TABLE 14 FROZEN MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 15 REFRIGERATED MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 16 SHELF-STABLE MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 17 MEAT SUBSTITUTE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 18 NORTH AMERICA MEAT SUBSTITUTE MARKET BY TYPE, 2014 - 2020 ($MILLION)
TABLE 19 NORTH AMERICA MEAT SUBSTITUTE MARKET BY SOURCE, 2014 - 2020 ($MILLION)
TABLE 20 EUROPE MEAT SUBSTITUTE MARKET BY TYPE, 2014 - 2020 ($MILLION)
TABLE 21 EUROPE MEAT SUBSTITUTE MARKET BY SOURCE, 2014 - 2020 ($MILLION)
TABLE 22 ASIA-PACIFIC MEAT SUBSTITUTE MARKET BY TYPE, 2014 - 2020 ($MILLION)
TABLE 23 ASIA-PACIFIC MEAT SUBSTITUTE MARKET BY SOURCE, 2014 - 2020 ($MILLION)
TABLE 24 LAMEA MEAT SUBSTITUTE MARKET BY TYPE, 2014 - 2020 ($MILLION)
TABLE 25 LAMEA MEAT SUBSTITUTE MARKET BY SOURCE, 2014 - 2020 ($MILLION)
TABLE 26 SNAPSHOT OF AMYS KITCHEN INC.
TABLE 27 SNAPSHOT OF BEYOND MEAT
TABLE 28 SNAPSHOT OF CAULDRON FOODS
TABLE 29 SNAPSHOT OF QUORN FOODS
TABLE 30 SNAPSHOT OF GARDEN PROTEIN INTERNATIONAL, INC.
TABLE 31 SNAPSHOT OF MEATLESS B.V.
TABLE 32 SNAPSHOT OF VBITES FOOD, LTD.
TABLE 33 SNAPSHOT OF MORNINGSTAR FARMS
TABLE 34 SNAPSHOT OF MGP INGREDIENTS INC.
TABLE 35 SNAPSHOT OF SONIC BIOCHEM EXTRACTIONS LIMITED

List of Figures

FIGURE 1 TOP IMPACTING FACTORS FOR THE MEAT SUBSTITUTE MARKET
FIGURE 2 TOP WINNING STRATEGIES IN MEAT SUBSTITUTE MARKET
FIGURE 3 TOP WINNING STRATEGIES COMPARISON, 2015(%)
FIGURE 4 TOP INVESTMENT POCKETS
FIGURE 5 PORTERS FIVE FORCE ANALYSIS
FIGURE 6 VALUE CHAIN ANALYSIS
FIGURE 7 MARKET SHARE ANALYSIS, 2014(%)
FIGURE 8 WORLD MEAT SUBSTITUTE MARKET BY PRODUCT TYPE, 2014
FIGURE 9 WORLD MEAT SUBSTITUTE MARKET BY CAGR, 2014 - 2020
FIGURE 10 WORLD MEAT SUBSTITUTE MARKET BY SOURCE, 2014
FIGURE 11 WORLD MEAT SUBSTITUTE MARKET BY CATEGORY, 2014
FIGURE 12 WORLD MEAT SUBSTITUTE MARKET BY REGION, 2014
FIGURE 13 SWOT ANALYSIS OF AMYS KITCHEN
FIGURE 14 SWOT ANALYSIS OF BEYOND MEAT
FIGURE 15 SWOT ANALYSIS OF CAULDRON FOODS
FIGURE 16 SWOT ANALYSIS AND STRATEGIC CONCLUSION OF QUORN FOODS
FIGURE 17 SWOT ANALYSIS OF GARDEN PROTEIN INTERNATIONAL, INC.
FIGURE 18 SWOT ANALYSIS OF MEATLESS B.V.
FIGURE 19 SWOT ANALYSIS OF VBITES FOOD, LTD.
FIGURE 20 SWOT ANALYSIS OF MORNINGSTAR FARMS
FIGURE 21 REVENUE OF MGP INGREDIENTS, 20132014 ($THOUSAND)
FIGURE 22 SWOT ANALYSIS OF MGP INGREDIENTS
FIGURE 23 SWOT ANALYSIS OF SONIC BIOCHEM EXTRACTIONS LIMITED

 

The world meat substitute market has exhibited a promising growth since past few years. Developed markets including North America and Europe have witnessed a decline in per capita consumption of meats since past few years, contrarily preference of consumers towards mock meats (meat substitutes) has increased consistently. Increasing health awareness coupled with increasing consciousness towards environmental sustainability and animal welfare have been the major factors driving the growth of meat substitute market. Moreover, rigorous marketing and positioning strategies adopted by the players operating in the market have fuelled the market growth. Innovative product launches such as artificial duck, beef, chicken, turkey and other meats that resemble real meats in terms of taste and texture have not only gained popularity amongst vegan consumers, but have also attracted more number of non-vegetarians in the recent years.

Meat substitute market comprises wide variety of food and snack products prepared from tofu, tempeh, seitan, textured vegetable protein (TVP), quorn and other plant based ingredients. The overall market is small in size, yet is highly competitive. Faux meats prepared from quorn, pea protein, rice protein and other such plant based and organic sources would witness greater adoption in North America and Europe in coming years, owing to the increasing demand of gluten free and soy free food products.  

Leading companies in the meat substitute market such as Quorn foods, Amy’s Kitchen Inc., Beyond Meat and others have witnessed a double digit growth in past few years.   Moreover, other players operating in the fast food industry such as KFC, McDonald’s, Burger king and others are anticipated to strengthen their meat substitute product line to meet the increasing consumer demand.

 

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