DUBLIN--(BUSINESS WIRE)--The "Global Meat Substitutes Market Research Reports Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to Research and Markets' offering.
The global Meat Substitutes market is expected to rise at a CAGR of 6.7% during the forecast period 2016-2023 owing to rising number of vegetarians, increasing health awareness, and environmental issues. However, ill-effects of meat substitutes and high price of meat substitutes are some restraints.
Asia pacific is expected to emerge as the fastest growing market region during the forecast period 2016-2023. The key factor contributing to the market of frozen food demand, Major Countries such as China and India contribute to the market which is likely to reach a market value of US$46,014.4 million by 2020.
The presence of major players such as Blue Chip Group (U.S.), MGP ingredients Inc. (U.S.), Sonic Biochem Extractions Limited (India), Quorn foods, Inc. (UK), Vbites food, ltd. (UK) and others. Mergers & Acquisitions, product launches, joint ventures are some of the crucial strategies adopted by the key market players to gain competitive advantage.
Global meat substitutes market report includes segmentation analysis of source, type and category. The report further covers sources of meat substitutes which includes Soy based meat substitutes, Mycoprotein based meat substitutes, Wheat based meat substitutes, and others. Soy based meat substitutes is dominating this segment and is also the fastest growing source segment. This is due to the surging demand for nutrititious food on account of rising health concerns.
Furthermore, increasing deployment of soy products in the food industry is expected to boost the demand for soy based products in the market. The report further covers segments of type which include tofu & tofu ingredients, Tempeh, Textured vegetable protein (TVP), other soy products , Seitan, Quorn and others. The Meat Substitutes market also includes Frozen meat substitutes and refrigerated meat substitutes. The frozen meat substitutes segment is expected to grow at a faster rate during the forecast period. Owing to changing in purchase patterns, shifting towards convenience foods.
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geography Analysis
7. Company Profiles
Companies Mentioned
- Amy's Kitchen Inc. (U.S.)
- Archer Daniels Midland Company (U.S.)
- Beyond Meat (U.S.)
- Blue Chip Group (U.S.)
- Boca Burger. (U.S.)
- Cauldron Foods (U.K.)
- E. I. Du Pont De Nemours And Company. (U.S.)
- Garden Protein International Inc.. (Canada)
- Meatless B.V. (Netherlands)
- MGP Ingredients Inc. (U.S.)
- Morningstar Farms Llc. (U.S.)
- Quorn Foods, Inc. (U.K.)
- Sonic Biochem Extractions Limited (India)
- The Nisshin Ollio Group Ltd. (Japan)
- Vbites Food, Ltd. (U.K.)
For more information about this report visit https://www.researchandmarkets.com/research/5zks8v/global_meat?w=4
