Why Meat Substitutes is Trending in Global Market?
Meat substitutes are meatless food that have taste, appearance, and texture of food made from meat, poultry, and fish. The main source used in the production of meat substitutes is a plant protein such as glutens and globulins. Meat substitutes are high in protein and calcium; thus, the intake of these substitutes is largely observed among sportspersons and young generation. Ongoing trends such as vegan and consuming plant protein have shown extraordinary results in a reduction of cholesterol, preventing menopausal complications and various other diseases. Recently, a large percentage of the population is preferring vegetarian food that has impelled the demand for meat substitutes.
The List of Companies
1. Amy's Kitchen, Inc.
2. Archer Daniels Midland Company
3. Beyond Meat
4. Cauldron Foods
5. E. I. du Pont de Nemours and Company
6. Garden Protein International Inc
7. MGP Ingredients, Inc.
8. Morningstar Farms
9. Quorn Foods
10. VBites Foods Limited
The meat substitute market has gained substantial growth due to the health benefits of meat substitutes and increased preference for vegetarian foods. Also, an increase in the incidence of health disorders and fitness awareness among consumers is expected to drive the meat substitute market growth. Furthermore, companies are innovating and developing product lines for meat substitutes due to increasing adoption level of meat substitutes by consumers. However, the lack of good taste in comparison to natural meat products is hindering the global meat substitute market. Moreover, rising organized retail sector for meat substitutes is expected to provide strong market growth opportunity in the future.
The global meat substitutes market is segmented on the basis of type, source, and category. On the basis of type, the meat substitutes market is segmented into tofu & tofu ingredients, tempeh, textured vegetable protein (TVP), seitan, quorn, and others. By source, the meat substitutes market is bifurcated soy, wheat, mycoprotein, and others. By category, the meat substitutes market is divided into frozen, refrigerated, and shelf-stable.
Source : The Insight Partners