New York, NY -- (SBWIRE) -- 04/13/2020 -- Meat analogue or meat substitutes are no less than plant-based meat. They include the appearance, texture, and aesthetics of the real meat. These food products are based on chemical properties of the real meat. The meat substitutes generally include soybeans like gluten, tofu, or peas. These substitutes have several benefits that include rich fiber source, low saturated fat content for food safety, improved environment outcomes, and dietary diversity. Consumers who recently shifted to less content of meat or who are willing to intake lesser quantity of meat can prefer consuming these kinds of meat substitutes. They have good flavor of veggies, soybeans or whole grams and are increasingly gaining acceptance from consumers across the globe.

Market Industry Reports (MIR) has published a new report titled "Meat Substitutes Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the Global Meat Substitutes Market is estimated to be over US$ 5 Billion in 2019. It is anticipated to grow at a CAGR of 6.5% from 2019 to 2030.

Major Key Players of the Meat Substitutes Market are:
Beyond Meat, Amy's Kitchen, Quorn Foods, Morningstar Farms, Gardein Protein International, Maple Leaf Foods., Impossible Food Inc. VBites Foods Limited, Tofurky, Dr. Praeger's Sensible Foods and others.

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The significant growth of the meat substitutes market can be attributed to several factors such as nutritional value, minimal presence of calorific content, and similar texture & taste as compared to conventional meat products. People are embracing vegetarian diet for several reasons such as health benefits, concerns regarding animal welfare, religious beliefs, to avoid excessive use of environmental resources and simultaneously maintain balance. With growing concerns of health issues & rising incidences of chronic & lifestyle disorders like obesity & diabetes, people are becoming increasingly conscious regarding one's health.

Production of conventional meat requires rearing of livestock on an enormous scale, moreover, to improve & increase protein in meat, these animals are required to be administered with fattening agents and proteinaceous diet. Thereby, significantly raising costs of meat production, and resource utilization. On the contrary, meat substitutes utilize minimal resources without compromising on either, taste, texture or volume of production. Moreover, beef production requires large area of land and hence deforestation is conducted at a large scale to make land suitable for cultivation. These factors have been significant in propelling the meat substitutes market which is anticipated to further grow during the forecast period.

Major Types of Meat Substitutes Market covered are:
Tofu
Tempeh
Textured Vegetable Protein (TVP), and Seitan

Research objectives:-

– To study and analyze the global Meat Substitutes consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Meat Substitutes market by identifying its various sub-segments.
– Focuses on the key global Meat Substitutes manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Meat Substitutes 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).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Meat Substitutes Market Size
2.2 Meat Substitutes Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Meat Substitutes Market Size by Manufacturers
3.2 Meat Substitutes Key Players Head office and Area Served
3.3 Key Players Meat Substitutes Product/Solution/Service
3.4 Date of Enter into Meat Substitutes Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Meat Substitutes Sales by Product
4.2 Global Meat Substitutes Revenue by Product
4.3 Meat Substitutes Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Meat Substitutes Breakdown Data by End User

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In the end, Meat Substitutes industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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