Meat alternatives also called a meat analogue, meat substitute, mock meat, faux meat, imitation meat, or (where applicable) vegetarian meat or vegan meat. It is a meatless food that has approximately the same taste, appearance, and texture of a related food made from meat, poultry, fish or shellfish. Its nutritional value is, in general, approximately equal to (or sometimes greater than) that of the related food, including essential vitamin B-12. Its name often indicates the meat to which it is an alternative, and the label must indicate clearly that it is a meatless product. Many analogues are soy-based (tofu, tempeh) or gluten-based.
Thera are many meat alternatives manufactures in USA, the USA meat alternatives market will reach about 641.18 K MT in 2015 from 469.85 K MT in 2010. The average growth is about 6.42% in 2010-2015. Meat alternatives production main focus on West America, it took about 31.33% of USA total market in 2014, followed is the Midwest America, about 29.39%, all region of USA growth rate keep in about 6.42%. Kellogg's, Pinnacle Foods, White Wave and Tofurky are leading manufacturer in USA, the total meat alternatives production occupies above 36.32% market share. There meat alternatives product content powder and solution, production adequate, they can satisfy UAS market demand.
Despite the presence of competition problems, the USA recovery trend is clear, meat alternatives retains its advantage in many areas, investors are still optimistic about this area; the future will still have more new investment enter the field. Although sales of meat alternatives brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the meat alternatives field.
According to this study, over the next five years the Meat Alternatives market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Meat Alternatives business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Meat Alternatives market by product type, application, key manufacturers and key regions and countries.
This study considers the Meat Alternatives value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Soybean
Tempeh
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Vegetarian
Non-vegetarian
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Kellogg's
Pinnacle Foods
White Wave
Tofurky
Hain Celestial Group
Beyond Meat
Boca Foods
Phoney Baloneys
LightLife Foods
Amy's Kitchen
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Meat Alternatives consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Meat Alternatives market by identifying its various subsegments.
Focuses on the key global Meat Alternatives manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Meat Alternatives with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Meat Alternatives submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.