Meat Substitute Ingredients Market Size, & Share | 2030
[Research Report] The meat substitute ingredients market size was valued at US$ 2,186.83 million in 2022 and is projected to reach US$ 4,017.43 million by 2030; it is expected to register a CAGR of 7.9% during 2022–2030.
MARKET ANALYSIS
The major sources of meat substitute ingredients are soy, wheat, peas, fava beans, and mycoproteins. Soy is the most predominantly used ingredient to manufacture plant-based meat due to its texture and protein content. Soy is also more affordable than other plant sources, and it provides ideal texture to the products, which is similar to conventional animal meat products. The rising health consciousness among people owing to the increasing prevalence of obesity, diabetes, and other diseases is compelling people to change their dietary habits. People generally perceive plant-based products to be healthier than the conventional ones. This factor is significantly driving the meat substitute ingredients market growth.
GROWTH DRIVERS AND CHALLENGES
Government bodies across various countries are promoting the consumption of plant-based meat, owing to the rising environmental concerns and health benefits offered by these products. Additionally, the governments are actively investing in R&D and new product launches of plant-based meat products. In 2021, the South Korean Ministry of Agriculture, Food and Rural Affairs established a US$ 70.3 million fund with several sub-funds dedicated to food and agriculture. The Green Bio Fund investments specifically mentioned plant-based and cultivated meat companies. Moreover, in June 2022, the Food Safety and Standards Authority of India (FSSAI) finalized the Vegan Foods Regulations and established a separate regulatory framework for food ingredients free from animal products. Such initiatives by key countries boost the demand for plant-based food.
Several countries have announced investments in meat substitute ingredients such as plant protein. For instance, the Australian Government announced US$ 76 million to support a project led by Australian Plant Proteins to create the largest pulse protein ingredient manufacturing capability in Australia, which is expected to generate up to US$ 2.6 billion in plant-based exports by 2032. Thus, the continuous investment and support by various government bodies are expected to offer lucrative growth opportunities to the meat substitute ingredients market during the forecast period.
Growing veganism is one of the emerging meat substitute ingredients market trends which is projected to amplify the market growth in the coming years. Several dieticians and health practitioners recommend reducing meat consumption and switching to a vegetarian diet to reduce the risks of chronic health issues, such as obesity, heart disease, hypertension, and digestive disorders. According to the Plant-Based Food Association (PBFA), consumer demand rose last year: 19% of households purchased plant-based meat in 2021—up from 18% in 2020—and an impressive 64% of those buyers purchased it multiple times throughout the year. According to Google Trends, veganism was one of the top five searched terms on Google in 2019 in the UK and worldwide.
A report published by Veganuary (a nonprofit organization that encourages individuals worldwide to turn vegan for the whole month of January) states that ~5.8 million people signed up for the Veganuary Campaign in 2021. The increasing adoption of veganism is also attributed to the empathy toward animals and awareness of the ill-treatment of animals in slaughterhouses and similar facilities, which has raised concerns about animal protection among consumers. These factors are boosting the demand for meat substitute ingredients such as soy protein, pea protein, tofu, and tempeh. Thus, surging veganism across the globe is driving the growing meat substitute ingredients market.
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Meat Substitute Ingredients Market: Strategic Insights
Market Size Value in US$ 2,186.83 million in 2022 Market Size Value by US$ 4,017.43 million by 2030 Growth rate CAGR of 7.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Meat Substitute Ingredients Market: Strategic Insights
| Market Size Value in | US$ 2,186.83 million in 2022 |
| Market Size Value by | US$ 4,017.43 million by 2030 |
| Growth rate | CAGR of 7.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Meat Substitute Ingredients Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of source, ingredient type, application, and geography. The report provides key statistics on the consumption of meat substitute ingredients across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting meat substitute ingredients market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the meat substitute ingredients market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities, which, in turn, aids in identifying the major revenue pockets.
The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global meat substitute ingredients market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global meat substitute ingredients market is segmented on the basis of source, ingredient type, and application. Based on source, the market is segmented into soy, wheat, pea, mycoprotein, and others. The soy segment accounted for over 49% of the meat substitute ingredients market share in 2022. The mycoprotein segment is projected to register the fastest CAGR of 10.0% from 2022 to 2030. Mycoprotein, also known as fungal protein, is a single-cell protein derived from fungi. Mycoprotein has been considered Generally Recognized as Safe (GRAS) by the Food and Drug Administration (FDA) in the US since 2002. Several producers of mycoprotein have reported that production of mycoprotein has an environmental impact of over 90% less than beef. Thus, mycoprotein is significantly used as a meat substitute ingredient.
Consumers prefer mycoprotein food because of its higher nutrient content, such as fiber, which helps control blood cholesterol and blood sugar. Mycoprotein helps prevent weight gain and overeating. Additionally, mycoprotein provides all essential amino acids, which are rarely found in other protein sources. Quorn, a mycoprotein brand, offers super-protein, healthy, and meat-substitute meals using mycoprotein sources for consumers. The rising adoption of mycoprotein as a significant source of meat substitute ingredients is driving the meat substitute ingredients market.
REGIONAL ANALYSIS
The global meat substitute ingredients market report provides a detailed overview of the market with respect to five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
In terms of revenue, Europe dominated the meat substitute ingredients market share, accounting for more than US$ 829.68 million in 2022. North America is projected to register a significant CAGR of 8.6% from 2022 to 2030.
The meat substitute ingredients market in Europe is significantly growing owing to the considerable demand for plant-based meat products in countries such as Germany, France, Spain, and the UK. The increasing health consciousness and the rising trend of veganism have made Europe a significant market for meat substitute ingredients. According to the Good Food Institute (GFI), plant-based meat sales alone accounted for US$ 2.1 billion in 2022—up 19% compared with 2020. Similarly, according to “The Smart Protein Project report,” the sales value of plant-based food in Germany grew by 97% during 2018–2020, while the sales volume increased by 80%. Moreover, consumers are highly inclined toward plant-based meat products due to rising awareness of animal welfare and environmental sustainability.
The popularity of plant-based meat products is increasing in Europe due to the shift in consumer demand from animal protein to plant protein owing to factors such as health awareness, sustainability issues, ethical or religious views, environmental concerns, and animal rights. According to the World Health Organization (WHO), consuming natural fats and proteins, including pea and soy, can offer several health benefits, including a healthy gut. Thus, rising health awareness in the region further boosts the demand for meat alternatives made from natural plant-based proteins such as soy, cottonseed, peas, fava beans, and wheat.
The meat substitute ingredients market in North America is also growing at a rapid pace. In the US, consumers are becoming more aware of the importance of a plant-based healthy diet due to the high prevalence of diabetes and obesity. Plant-based meat has a low-fat content and is rich in fiber and protein, which reduces cholesterol levels and blood pressure. According to the Plant-Based Food Association (PBFA), consumer demand increased last year: 19% of households purchased plant-based meat in 2021—as compared to 18% in 2020—and an impressive 64% of those buyers purchased it multiple times throughout the year.
In Canada as well, consumers are increasingly drawn to the health benefits of meat substitutes such as low fat and fiber. Canada emerged as a key country for plant-based food consumption. The innovation supercluster, Protein Industries Canada (PIC), funds 45 plant-based protein R&D projects, including US$ 1.6 million, into a Regulatory Centre of Excellence to promote evidence-based regulatory policy for plant-based foods. The supercluster provided US$ 1 million to help a British Columbia-based plant-based food producer increase the production capacity of their 100-percent Canadian-grown chickpea tofu. Thus, the rising plant-based meat popularity in North American countries drives the meat substitute ingredients market growth.
Meat Substitute Ingredients Market Report Scope
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Various initiatives taken by the key players operating in the meat substitute ingredients market are listed below:
- In November 2022, Ingredion Incorporated announced its plan to acquire 100% ownership in Verdient Foods Inc., a joint venture that aims to accelerate growth in plant-based proteins. The acquisition enables Ingredion to accelerate net sales growth, expand manufacturing capabilities, and co-create with customers to serve the increasing consumer demand for plant-based foods.
- In August 2022, ADM and Benson Hill Inc., a food technology firm, established a long-term strategic agreement to expand new soy products in order to fulfill the rapidly increasing demand for plant-based proteins. The partnership will cater to the needs of savory, sweet, and dairy customers by serving a range of plant-based food & beverage industries.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Crespel & Deiters GmbH & Co KG, SOTEXPRO SA, DuPont de Nemours Inc, Ingredion Inc, Wilmar International Ltd, Archer-Daniels-Midland Co, Axiom Foods Inc, Kerry Group Plc, Roquette Freres SA, and The Scoular Co are among the prominent companies profiled in the meat substitute ingredients market report. These companies focus on launching innovative products with gluten-free, genetically modified organisms-free (GMO-free), allergen-free, organic, and sugar-free claims. Moreover, they are increasing the nutritional value of the products to meet the requirements of consumers. Such innovative products offer a competitive advantage to the companies, increasing market competitiveness. Further, companies adopt merger and acquisition, partnership, and collaboration strategies to expand their consumer base and strengthen their market position. These factors are anticipated to increase the competition among meat substitute ingredient manufacturers worldwide. Thus, the meat substitute ingredients market forecast and trend analysis can help stakeholders plan their growth strategies.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Ingredient Type, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Rising demand for plant based meat along with increasing number of initiatives by the key players operating in the market are the major growth drivers.
Europe held the largest meat substitute ingredients market share due to rising trend of veganism and increasing empathy for animals.
Based on application, the nuggets is the fastest-growing segment as these are finger foods, easy to eat during snacking and as before meal appetizers.
The soy protein segment held the largest revenue share of the meat substitute ingredients market in 2022 as soy protein is an economical plant protein compared to other sources.
Favorable government policies and initiatives promoting the consumption of plant-based meat products provide lucrative growth opportunities to the global meat substitute ingredients market during the forecast period.
The major players operating in the global meat substitute ingredients market are Crespel & Deiters GmbH & Co KG, SOTEXPRO SA, DuPont de Nemours Inc, Ingredion Inc, Wilmar International Ltd, Archer-Daniels-Midland Co, Axiom Foods Inc, Kerry Group Plc, Roquette Freres SA, and The Scoular Co.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Meat Substitute Ingredients Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
4.4 List of Vendors
5. Meat Substitute Ingredients Market – Key Market Dynamics
5.1 Meat Substitute Ingredients Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Demand for Plant-Based Meat
5.2.2 Strategic Development Initiatives by Key Market Players
5.3 Market Restraints
5.3.1 Flavor Challenges Associated with Plant-Based Protein
5.4 Market Opportunities
5.4.1 Government Initiatives to Promote Consumption of Meat Alternative Products
5.5 Future Trends
5.5.1 Growing Veganism Trend
5.6 Impact of Drivers and Restraints:
6. Meat Substitute Ingredients Market – Global Market Analysis
6.1 Meat Substitute Ingredients Market Revenue (US$ Million), 2022–2030
6.2 Meat Substitute Ingredients Market Forecast Analysis
7. Meat Substitute Ingredients Market Analysis – by Source
7.1 Soy
7.1.1 Overview
7.1.2 Soy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Wheat
7.2.1 Overview
7.2.2 Wheat: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Pea
7.3.1 Overview
7.3.2 Pea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Mycoprotein
7.4.1 Overview
7.4.2 Mycoprotein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8. Meat Substitute Ingredients Market Analysis – by Ingredient Type
8.1 Soy Protein
8.1.1 Overview
8.1.2 Soy Protein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Pea Protein
8.2.1 Overview
8.2.2 Pea Protein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Tempeh
8.3.1 Overview
8.3.2 Tempeh: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Tofu
8.4.1 Overview
8.4.2 Tofu: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Seitan
8.5.1 Overview
8.5.2 Seitan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9. Meat Substitute Ingredients Market Analysis – by Application
9.1 Patties
9.1.1 Overview
9.1.2 Patties: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Nuggets
9.2.1 Overview
9.2.2 Nuggets: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Sausages
9.3.1 Overview
9.3.2 Sausages: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Meatballs
9.4.1 Overview
9.4.2 Meatballs: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10. Meat Substitute Ingredients Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Meat Substitute Ingredients Market Overview
10.2.2 North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Meat Substitute Ingredients Market Breakdown, by Source
10.2.3.1 North America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Source
10.2.4 North America: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.2.4.1 North America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Ingredient Type
10.2.5 North America: Meat Substitute Ingredients Market Breakdown, by Application
10.2.5.1 North America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Application
10.2.6 North America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 United States: Meat Substitute Ingredients Market Breakdown, by Source
10.2.6.2.2 United States: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.2.6.2.3 United States: Meat Substitute Ingredients Market Breakdown, by Application
10.2.6.3 Canada: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.3.1 Canada: Meat Substitute Ingredients Market Breakdown, by Source
10.2.6.3.2 Canada: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.2.6.3.3 Canada: Meat Substitute Ingredients Market Breakdown, by Application
10.2.6.4 Mexico: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Mexico: Meat Substitute Ingredients Market Breakdown, by Source
10.2.6.4.2 Mexico: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.2.6.4.3 Mexico: Meat Substitute Ingredients Market Breakdown, by Application
10.3 Europe
10.3.1 Europe Meat Substitute Ingredients Market Overview
10.3.2 Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Meat Substitute Ingredients Market Breakdown, by Source
10.3.3.1 Europe: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Source
10.3.4 Europe: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.4.1 Europe: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Ingredient Type
10.3.5 Europe: Meat Substitute Ingredients Market Breakdown, by Application
10.3.5.1 Europe: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Application
10.3.6 Europe: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.2.2 Germany: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.2.3 Germany: Meat Substitute Ingredients Market Breakdown, by Application
10.3.6.3 United Kingdom: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 United Kingdom: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.3.2 United Kingdom: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.3.3 United Kingdom: Meat Substitute Ingredients Market Breakdown, by Application
10.3.6.4 France: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 France: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.4.2 France: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.4.3 France: Meat Substitute Ingredients Market Breakdown, by Application
10.3.6.5 Italy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 Italy: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.5.2 Italy: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.5.3 Italy: Meat Substitute Ingredients Market Breakdown, by Application
10.3.6.6 Russia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Russia: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.6.2 Russia: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.6.3 Russia: Meat Substitute Ingredients Market Breakdown, by Application
10.3.6.7 Rest of Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.7.1 Rest of Europe: Meat Substitute Ingredients Market Breakdown, by Source
10.3.6.7.2 Rest of Europe: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.3.6.7.3 Rest of Europe: Meat Substitute Ingredients Market Breakdown, by Application
10.4 Asia Pacific
10.4.1 Asia Pacific Meat Substitute Ingredients Market Overview
10.4.2 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Source
10.4.3.1 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Source
10.4.4 Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.4.1 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Ingredient Type
10.4.5 Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Application
10.4.5.1 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Application
10.4.6 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 China: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.2.2 China: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.2.3 China: Meat Substitute Ingredients Market Breakdown, by Application
10.4.6.3 Japan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 Japan: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.3.2 Japan: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.3.3 Japan: Meat Substitute Ingredients Market Breakdown, by Application
10.4.6.4 India: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 India: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.4.2 India: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.4.3 India: Meat Substitute Ingredients Market Breakdown, by Application
10.4.6.5 Australia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 Australia: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.5.2 Australia: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.5.3 Australia: Meat Substitute Ingredients Market Breakdown, by Application
10.4.6.6 South Korea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 South Korea: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.6.2 South Korea: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.6.3 South Korea: Meat Substitute Ingredients Market Breakdown, by Application
10.4.6.7 Rest of APAC: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.7.1 Rest of APAC: Meat Substitute Ingredients Market Breakdown, by Source
10.4.6.7.2 Rest of APAC: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.4.6.7.3 Rest of APAC: Meat Substitute Ingredients Market Breakdown, by Application
10.5 Middle East and Africa
10.5.1 Middle East and Africa Meat Substitute Ingredients Market Overview
10.5.2 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Source
10.5.3.1 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Source
10.5.4 Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.5.4.1 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Ingredient Type
10.5.5 Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Application
10.5.5.1 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Application
10.5.6 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.5.6.2 Saudi Arabia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 Saudi Arabia: Meat Substitute Ingredients Market Breakdown, by Source
10.5.6.2.2 Saudi Arabia: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.5.6.2.3 Saudi Arabia: Meat Substitute Ingredients Market Breakdown, by Application
10.5.6.3 United Arab Emirates: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.3.1 United Arab Emirates: Meat Substitute Ingredients Market Breakdown, by Source
10.5.6.3.2 United Arab Emirates: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.5.6.3.3 United Arab Emirates: Meat Substitute Ingredients Market Breakdown, by Application
10.5.6.4 South Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 South Africa: Meat Substitute Ingredients Market Breakdown, by Source
10.5.6.4.2 South Africa: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.5.6.4.3 South Africa: Meat Substitute Ingredients Market Breakdown, by Application
10.5.6.5 Rest of Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Source
10.5.6.5.2 Rest of Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.5.6.5.3 Rest of Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Application
10.6 South and Central America
10.6.1 South and Central America Meat Substitute Ingredients Market Overview
10.6.2 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South and Central America: Meat Substitute Ingredients Market Breakdown, by Source
10.6.3.1 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Source
10.6.4 South and Central America: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.6.4.1 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Ingredient Type
10.6.5 South and Central America: Meat Substitute Ingredients Market Breakdown, by Application
10.6.5.1 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Application
10.6.6 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: Meat Substitute Ingredients Market Breakdown, by Source
10.6.6.2.2 Brazil: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.6.6.2.3 Brazil: Meat Substitute Ingredients Market Breakdown, by Application
10.6.6.3 Argentina: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.3.1 Argentina: Meat Substitute Ingredients Market Breakdown, by Source
10.6.6.3.2 Argentina: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.6.6.3.3 Argentina: Meat Substitute Ingredients Market Breakdown, by Application
10.6.6.4 Rest of South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Meat Substitute Ingredients Market Breakdown, by Source
10.6.6.4.2 Rest of South and Central America: Meat Substitute Ingredients Market Breakdown, by Ingredient Type
10.6.6.4.3 Rest of South and Central America: Meat Substitute Ingredients Market Breakdown, by Application
11. Meat Substitute Ingredients Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Expansion
13.3 New Product Development
13.4 Merger and Acquisition
13.5 Partnerships
14. Company Profiles
14.1 Crespel & Deiters GmbH & Co KG
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 SOTEXPRO SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DuPont de Nemours Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Ingredion Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Wilmar International Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Archer-Daniels-Midland Co
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Axiom Foods Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Kerry Group Plc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Roquette Freres SA
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 The Scoular Co
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
List of Tables
Table 1. Meat Substitute Ingredients Market Segmentation
Table 2. List of Vendors in Value Chain
Table 3. Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Source
Table 5. Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Ingredient Type
Table 6. Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 7. North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 8. North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 9. North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 11. United States: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 12. United States: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 13. United States: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 14. Canada: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 15. Canada: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 16. Canada: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 17. Mexico: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 18. Mexico: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 19. Mexico: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 20. Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 21. Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 22. Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 23. Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 24. Germany: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 25. Germany: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 26. Germany: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 27. United Kingdom: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 28. United Kingdom: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 29. United Kingdom: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 30. France: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 31. France: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 32. France: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 33. Italy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 34. Italy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 35. Italy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 36. Russia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 37. Russia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 38. Russia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 39. Rest of Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 40. Rest of Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 41. Rest of Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 42. Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 43. Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 44. Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 45. Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 46. China: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 47. China: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 48. China: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 49. Japan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 50. Japan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 51. Japan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 52. India: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 53. India: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 54. India: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 55. Australia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 56. Australia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 57. Australia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 58. South Korea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 59. South Korea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 60. South Korea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 61. Rest of APAC: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 62. Rest of APAC: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 63. Rest of APAC: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 64. Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 65. Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 66. Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 67. Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 68. Saudi Arabia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 69. Saudi Arabia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 70. Saudi Arabia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 71. United Arab Emirates: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 72. United Arab Emirates: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 73. United Arab Emirates: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 74. South Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 75. South Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 76. South Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 77. Rest of Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 78. Rest of Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 79. Rest of Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 80. South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 81. South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 82. South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 83. South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 84. Brazil: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 85. Brazil: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 86. Brazil: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 87. Argentina: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 88. Argentina: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 89. Argentina: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 90. Rest of South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Source
Table 91. Rest of South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Ingredient Type
Table 92. Rest of South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
List of Figures
Figure 1. Meat Substitute Ingredients Market Segmentation, by Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Global Meat Substitute Ingredients Market
Figure 4. Registrations for the Veganuary Campaign from 2015 to 2021
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Meat Substitute Ingredients Market Revenue (US$ Million), 2022–2030
Figure 7. Meat Substitute Ingredients Market Share (%) – by Source (2022 and 2030)
Figure 8. Soy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Wheat: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Pea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Mycoprotein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Meat Substitute Ingredients Market Share (%) – by Ingredient Type (2022 and 2030)
Figure 14. Soy Protein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Pea Protein: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Tempeh: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Tofu: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Seitan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Meat Substitute Ingredients Market Share (%) – by Application (2022 and 2030)
Figure 21. Patties: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Nuggets: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Sausages: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Meatballs: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Others: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Meat Substitute Ingredients Market Breakdown by Region, 2022 and 2030 (%)
Figure 27. North America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. North America: Meat Substitute Ingredients Market Breakdown, by Source (2022 and 2030)
Figure 29. North America: Meat Substitute Ingredients Market Breakdown, by Ingredient Type (2022 and 2030)
Figure 30. North America: Meat Substitute Ingredients Market Breakdown, by Application (2022 and 2030)
Figure 31. North America: Meat Substitute Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 32. United States: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 33. Canada: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 34. Mexico: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 35. Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 36. Europe: Meat Substitute Ingredients Market Breakdown, by Source (2022 and 2030)
Figure 37. Europe: Meat Substitute Ingredients Market Breakdown, by Ingredient Type (2022 and 2030)
Figure 38. Europe: Meat Substitute Ingredients Market Breakdown, by Application (2022 and 2030)
Figure 39. Europe: Meat Substitute Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 40. Germany: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 41. United Kingdom: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 42. France: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Italy: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 44. Russia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 45. Rest of Europe: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 46. Asia Pacific: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 47. Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Source (2022 and 2030)
Figure 48. Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Ingredient Type (2022 and 2030)
Figure 49. Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Application (2022 and 2030)
Figure 50. Asia Pacific: Meat Substitute Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 51. China: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. Japan: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. India: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 54. Australia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 55. South Korea: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 56. Rest of APAC: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 57. Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 58. Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Source (2022 and 2030)
Figure 59. Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Ingredient Type (2022 and 2030)
Figure 60. Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Application (2022 and 2030)
Figure 61. Middle East and Africa: Meat Substitute Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 62. Saudi Arabia: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 63. United Arab Emirates: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 64. South Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 65. Rest of Middle East and Africa: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 66. South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 67. South and Central America: Meat Substitute Ingredients Market Breakdown, by Source (2022 and 2030)
Figure 68. South and Central America: Meat Substitute Ingredients Market Breakdown, by Ingredient Type (2022 and 2030)
Figure 69. South and Central America: Meat Substitute Ingredients Market Breakdown, by Application (2022 and 2030)
Figure 70. South and Central America: Meat Substitute Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 71. Brazil: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 72. Argentina: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 73. Rest of South and Central America: Meat Substitute Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 74. Heat Map Analysis by Key Players
Figure 75. Company Positioning & Concentration
The List of Companies - Meat Substitute Ingredients Market
- Crespel & Deiters GmbH & Co KG
- SOTEXPRO SA
- DuPont de Nemours Inc
- Ingredion Inc
- Wilmar International Ltd
- Archer-Daniels-Midland Co
- Axiom Foods Inc
- Kerry Group Plc
- Roquette Freres SA
- The Scoular Co
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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