Regional Insights
In the past few years, Europe dominated the global meat substitute market followed by North America and Asia
Pacific. Increasing soy production in the United States is projected to drive the regional market. Moreover,
growing population in the developing regions of the world coupled with rising convenience food demand is
expected to further expand the meat substitute market in the upcoming seven years.
The emerging areas provide ample opportunities for the current as well as new market players of the industry.
Diverse regions account for availability of different raw materials such as North America is considered for soy-
based production and regions like Europe and Asia Pacific are considered for wheat-based production. Such
type of scenario is likely to provide significant growth to the particular regional markets.
Competitive Insights
Key industry players are investing in research and development activities to manufacture superior quality
products as well as increase their product portfolio. Archer Daniels Midland produces TVP and dominates the
global market accounting for more than half the market share. Partnerships and collaborations are the major
strategies adopted by leading companies to stronghold their product offerings in the industry. Major market
participants include Vbites foo Ltd., Morning Star Farms, MGP Ingredients Inc., Quorn Foods, Meatless B.V,
Garden Protein Internationsl Inc., Amy’s Kitchen Inc., Cauldron Foods UK and Beyond Meat.
Market Segment:
Global Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2014 - 2022)
• Soy-based
• Wheat-based
• Mycoprotein
• Others
Global Meat Substitutes Product Outlook (Revenue, USD Million, 2014 - 2022)
• Tofu
• Tofu-based
• Tempeh
• Textured Vegetable Protein (TVP)
• Other Soy Products
• Seitan