Global Meat Substitutes Market: Demand for Vegan Diet & Frozen Benefits Supporting Growth at 5.8% CAGR during 2017-2026

Published on : Jul 27, 2018

Albany, New York, July 27, 2018: It has been observed that, the demand for meat substitutes is rising at a steady pace since the past few years. This advancement in demand is driven due to the awareness concerning various diseases linked to meat which has impacted customer preference. In order to study the overall market for meat substitutes, a new research report has been included to the online repository controlled by Market Research Hub (MRH). The report is titled “Meat Substitutes Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)”, which highlights the global market scenario together with a prime focus on the major regions and market players actively contributing towards the development of the meat substitutes sector.

As per research findings, the global meat substitutes market is anticipated to expand at 5.8% CAGR during the forecast period, 2017-2026. The report offers a clear insight about various factors that are influencing growth in the target market. It has been noticed that, intake of meat substitutes is majorly observed among athletes and young generation since these products contain significant amount of calcium and protein. In addition, based on this research report, a large percentage of population around the globe is favoring vegan food which has encouraged the demand for meat substitutes.  

The demand for frozen food is rising healthily, since awareness concerning various advantages of frozen food is activating their consumption on an enormous scale. In addition, dietary value provided by frozen food is fairly higher as compared to fresh food, as freezing of food items avoids the loss of important proteins and vitamins during the process of storage or transportation. 

Furthermore, manufacturers of meat substitutes are striving to expand their presence all around the globe. It is analyzed that, food chain services hold a proven record of enhanced sales of meat substitutes across several countries and manage a highly rewarding distribution channel. Moreover, with the advent of E-commerce, online stores are receiving high traction considering food produce. Among all the regional markets covered in the report, Europe has been a standard of protein consuming population in comparison to other areas across the globe. A major population in Europe has been consuming high protein diet since several years now. During the assessment period, the consumption of meat substitute in this region is expected to increase with the sales figure reaching a mark close to US$ 2800 Mn.

As the report proceeds, key market players are studied based on collaborations and mergers set to occur in the near future. Few these players profiled in the assessment include Amys Kitchen Inc., Beyond Meat, Cauldron Foods, Garden Protein International, Inc., Quorn Foods and Meatless B.V.

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