Meat Substitutes Market Size, Share & Growth Trends by 2027
The Meat Substitutes Market size is estimated to be valued at USD 1.9 billion in 2021. It is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The growing awareness among consumers regarding environmental issues caused by meat consumption is driving the demand for meat substitutes.
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Based on product, seitan segment is forecasted...
Opportunities for New Market Entrants in Textured Soy Protein Market
The textured soy protein market is estimated at USD 1.73 billion in 2017 and is projected to grow at a CAGR of 9.5% from 2017 to 2022. The textured soy protein market is segmented on the basis of type, application, source, and region. The types of textured soy protein include non-GMO, conventional, and organic textured soy protein. This market has also been segmented on the basis of application into...
Demand for Meat Substitutes is Growing Globally Due to the Growing Awareness on Health Effects of Heavy Meat Consumption & Meat Adulteration
Market Driving Factors of Meat Substitutes:
The rise in trend of vegan diet among consumers, due to the growing awareness on health effects of heavy meat consumption and meat adulteration, and its significant impact on the food industry retail chain as ingredients in convenience food, ready-to-cook foods, and ready-to-eat foods, have boosted the demand for meat substitutes across the globe.
The meat...