logo
Search
Close this search box.

Meat Substitutes Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029)

The market report offers a detailed analysis segmented by Product (Tofu, Tempeh, Seitan, Quorn, Others); by Source (Isolates, Concentrates, Textured); by Form (Solid, Liquid); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Purchase This Report

Outlook 

Global Meat Substitutes Market Size
Global Meat Substitutes Market Size
  • The meat substitutes market is estimated to be at USD 6,740.34 Mn in 2024 and is anticipated to reach USD 11,710.12 Mn in 2029. 
  • The meat substitutes market is registering a CAGR of 11.68% during the forecast period of 2024-2029. 
  • The meat substitutes market is experiencing rapid growth driven by rising health consciousness, environmental concerns, and advancements in food technology. Plant-based and lab-grown meats are gaining popularity as sustainable alternatives to traditional animal products. 
Request a free sample. 

Ecosystem 

Global Meat Substitutes Market Share
Global Meat Substitutes Market Share
  • The participants in the global meat substitutes industry are always developing their strategies to preserve a competitive advantage.  
  • Supermarkets are launching their own branded meat substitutes at competitive prices, creating pressure on established players. For instance, Tesco’s Plant Chef range offers affordable alternatives. 
  • Several important entities in the meat substitutes market include Ingredion, Inc.; Archer Daniels Midland, Co.; Dupont DE Nemours, Inc.; Kerry Group; Cargill, Inc.; and others. 
Ask for customization. 

Findings 

Attributes Values 
Historical Period 2018-2022  
Base Year 2023 
Forecast Period 2024-2029   
Market Size (2024) USD 6,740.34 Mn 
Market Size (2029) USD 11,710.12 Mn 
Growth Rate 11.68% CAGR from 2024 to 2029 
Key Segments Product (Tofu, Tempeh, Seitan, Quorn, Others); Source (Isolates, Concentrates, Textured); Form (Solid, Liquid); Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa) 
Key Vendors Ingredion Inc.; Archer Daniels Midland Co.; Dupont DE Nemours, Inc.; Kerry Group; Cargill Inc. 
Key Countries The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa 
Largest Market North America 
Get a free quote. 

Trends  

  • Sustainable and Energy-Efficient Meat Alternatives: Plant-based and lab-grown meats are gaining traction for their lower carbon footprints and reduced water and land usage, positioning them as more sustainable alternatives to traditional meat. However, these production methods often require significant energy inputs, particularly for lab-grown meats; companies are focusing on reducing energy consumption to further enhance their eco-friendly profiles. 
  • Precision Fermentation and 3D Bioprinting for Meat Analogues: Advances in precision fermentation and 3D bioprinting are transforming meat analogues, improving taste, texture, and nutrition. Startups and major players like Impossible Foods and Redefine Meat are attracting significant investments to scale production and innovate further. 
  • Regional Flavors and Customization: Companies are increasingly tailoring their plant-based products to reflect regional and cultural preferences, enhancing consumer appeal in diverse markets. For instance, India’s GoodDot offers plant-based alternatives that closely mimic traditional Indian dishes like curries and biryanis, catering to local tastes while promoting plant-based eating. 
Speak to analyst. 

Catalysts 

  • Growing Health Consciousness: As consumers increasingly prioritize health and wellness, many are transitioning to plant-based diets to lower cholesterol levels and reduce saturated fat intake. This shift is driving significant demand for meat substitutes, which are perceived as healthier alternatives to traditional animal-based products. Brands are responding by developing options rich in essential nutrients and low in unhealthy fats, aligning with the broader trend of seeking nutritious, health-conscious food choices. 
  • Environmental Awareness: Rising concerns about the environmental consequences of animal farming, such as greenhouse gas emissions and resource depletion, are increasingly motivating consumers to seek eco-friendly meat alternatives. Quorn Brand is capitalizing on this shift by emphasizing their sustainability practices and reduced environmental footprints in their marketing. 
  • Supportive Government Policies: Governments worldwide are bolstering the growth of plant-based foods as part of their broader sustainability agendas, offering grants, subsidies, and incentives to manufacturers. This support is especially notable in regions like the European Union, where policies aim to reduce carbon footprints and promote environmentally friendly food options. 
Inquire before buying. 

Restraints 

  • High Costs of Advanced Meat Alternatives: The intricate technologies required for producing lab-grown or premium plant-based meat alternatives, such as those developed by Memphis Meats, lead to significantly higher production costs compared to traditional meat. These advanced methods, including cellular agriculture and sophisticated food processing, involve substantial investment in research, development, and manufacturing infrastructure, which translates into higher retail prices and can limit market accessibility. 
  • Taste and Texture Limitations: Despite advancements in food technology, many consumers still perceive that meat substitutes fall short of replicating the taste and texture of real meat. This challenge is particularly evident in regions like Asia, where traditional meat dishes are deeply ingrained in culinary culture.  
  • Ingredient Sourcing: The increasing demand for plant-based proteins, such as soy and peas, places significant pressure on global supply chains. Securing a consistent and high-quality supply of these key ingredients is becoming increasingly challenging, which leads to potential fluctuations in pricing and availability.  
Personalize this research. 

Hotspot 

Global Landscape of Meat Substitutes Market
Global Landscape of Meat Substitutes Market
Explore purchase options. 

Table of Contents 

1.       Introduction 
       1.1.    Research Methodology 
       1.2.    Scope of the Study 
2.       Market Overview / Executive Summary 
       2.1.    Global Meat Substitutes Market (2018 – 2022) 
       2.2.    Global Meat Substitutes Market (2023 – 2029) 
3.       Market Segmentation 
       3.1.    Global Meat Substitutes Market by Product 
              3.1.1.    Tofu 
              3.1.2.    Tempeh 
              3.1.3.    Seitan 
              3.1.4.    Quorn 
              3.1.5.    Others 
       3.2.    Global Meat Substitutes Market by Source 
              3.2.1.    Isolates 
              3.2.2.    Concentrates 
              3.2.3.    Textured 
       3.3.    Global Meat Substitutes Market by Form 
              3.3.1.    Solid 
              3.3.2.    Liquid 
4.       Regional Segmentation 
       4.1.    North America 
              4.1.1.    The US 
              4.1.2.    Canada 
              4.1.3.    Mexico 
       4.2.    South America 
              4.2.1.    Brazil 
              4.2.2.    Argentina 
              4.2.3.    Colombia 
              4.2.4.    Chile 
              4.2.5.    Rest of South America 
       4.3.    Asia Pacific 
              4.3.1.    China 
              4.3.2.    India 
              4.3.3.    Japan 
              4.3.4.    South Korea 
              4.3.5.    Rest of Asia Pacific 
       4.4.    Europe 
              4.4.1.    The UK  
              4.4.2.    Germany 
              4.4.3.    Italy 
              4.4.4.    France 
              4.4.5.    Spain 
              4.4.6.    Rest of Europe 
       4.5.    The Middle East 
              4.5.1.    Turkey 
              4.5.2.    UAE 
              4.5.3.    Saudi Arabia 
              4.5.4.    Rest of the Middle East 
       4.6.    Africa 
              4.6.1.    Egypt 
              4.6.2.    South Africa 
              4.6.3.    Rest of Africa 
5.       Value Chain Analysis of the Global Meat Substitutes Market 
6.       Porter Five Forces Analysis 
       6.1.    Threats of New Entrants 
       6.2.    Threats of Substitutes 
       6.3.    Bargaining Power of Buyers 
       6.4.    Bargaining Power of Suppliers 
       6.5.    Competition in the Industry 
7.       Trends, Drivers and Challenges Analysis 
       7.1.    Market Trends 
       7.1.1.    Market Trend 1 
       7.1.2.    Market Trend 2 
       7.1.3.    Market Trend 3 
       7.2.    Market Drivers 
       7.2.1.    Market Driver 1 
       7.2.2.    Market Driver 2 
       7.2.3.    Market Driver 3 
       7.3.    Market Challenges 
       7.3.1.    Market Challenge 1 
       7.3.2.    Market Challenge 2 
       7.3.3.    Market Challenge 3 
8.       Opportunities Analysis 
       8.1.    Market Opportunity 1 
       8.2.    Market Opportunity 2 
       8.3.    Market Opportunity 3 
9.       Competitive Landscape 
       9.1.    Ingredion Inc. 
       9.2.    Archer Daniels Midland Co. 
       9.3.    Dupont DE Nemours, Inc. 
       9.4.    Kerry Group 
       9.5.    Cargill Inc. 
       9.6.    Company 6 
       9.7.    Company 7 
       9.8.    Company 8 
       9.9.    Company 9 
       9.10.  Company 10 
Know the research methodology. 

Meat Substitutes Market – FAQs 

1.  What is the current size of the meat substitutes market? 

Ans. In 2024, the meat substitutes market size is USD 6,740.34 Mn. 

2.  Who are the major vendors in the meat substitutes market?  

Ans. The major vendors in the meat substitutes market are Ingredion Inc.; Archer Daniels Midland Co.; Dupont DE Nemours, Inc.; Kerry Group; Cargill Inc. 

3.  Which segments are covered under the meat substitutes market segments analysis?  

Ans. The meat substitutes market report offers in-depth insights into Product, Source, Form, and Geography. 

Type to search