Meat Substitutes 2022 Industry Research Report by Hexa Reports

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Meat Substitutes Market Analysis By Product, Raw Material
And Segment Forecasts To 2022

The global meat substitute market is expected to reach USD 5810.1 million by 2022. Rising health
awareness coupled with shifting dietary preferences towards vegan diet is expected to drive the global
meat substitutes market. Recent animal disease outbreaks and growing prevalence of various lifestyle
induced diseases such as obesity and diabetes are also expected to have a positive impact on the market
growth. High price of various meat substitutes is expected to hinder the market growth. Increasing R&D
initiatives to develop superior and cheaper products is expected to yield opportunities for market
participants.
Soy emerged as the major raw material used for producing meat substitute products. Soy alone
accounted for over 80% of total market revenue in 2014. Growing demand for nutritional food on
account of growing health concerns is expected to drive this segment over the forecast period. Soy
based meat substitutes is a good source of vitamin B, protein and Iron. Wheat is expected to be the
fastest growing raw material use for producing meat substitutes. The segment is expected to grow at an
estimated CAGR of 10.0% from 2015 to 2022.
Browse Detail Report With TOC @ Meat Substitutes Market
Further key findings from the study suggest:
Global meat substitute market was valued at USD 3,336.5 million in 2014 and is expected to reach USD
5,810.1 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.
Textured vegetable protein (TVP) emerged as the leading product segment and accounted for 43.7% of
total market revenue in 2014. Increasing demand for soy based meat substitutes is expected to drive

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this segment over the forecast period. Seitan is expected to witness the highest growth of 9.8% from
2015 to 2022....