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Global value of meat alternatives market will rise 3X through 2029. Owing to pervasiveness of veganism, the market is projected for a stupendous CAGR of 12% during 2019 - 2029. The flexitarianism trend is also providing a strong impetus to the global meat alternatives market. Generation-Z and millennial demographic are particularly showing greater preference for healthier meat alternatives, thereby generating an upsurge in demand, suggests a new Future Market Insights (FMI) report.
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Meat Alternatives Market February 2020 Report Id : REP-GB-11042 Published On : February-2020 Category : Food and Beverages www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights
About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future markettrends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved
Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved
Meat Alternatives Market Analysis Meat Alternatives Market to represent a significant expansion at ~12% CAGR by 2029 DUBAI, UAE / ACCESSWIRE / February 13, 2020 / Global value of meat alternatives market will rise 3X through 2029. Owing to pervasiveness of veganism, the market is projected for a stupendous CAGR of 12% during 2019 - 2029. The flexitarianism trend is also providing a strong impetus to the global meat alternatives market. Generation-Z and millennial demographic are particularly showing greater preference for healthier meat alternatives, thereby generating an upsurge in demand, suggests a new Future Market Insights (FMI) report. "Manufacturers in meat alternatives market are selectively targeting gen-Z and millennial consumer demographics, as they prefer new experiences over products and are willing to follow healthier dietary practices. Plant-based protein is particularly gaining notable momentum recently," projects the FMI study. Key Takeaways of Meat Alternatives Market Study • Plant-based protein continues to account for 2/3rdof global demand for meat alternatives. • Insect protein will gain solid traction in meat alternatives market through 2029. • Organic meat alternatives will gain a stronghold throughout the forecast period. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved
Meat Alternatives Market Analysis • Developed economies are at the forefront of product launches in meat alternatives market. • Meat alternatives market in Europe and North America will witness increasing number of new launches. Meat Alternatives Market - Top Growth Drivers • Rising health awareness of consumers is the top factor, pushing uptake of meat alternatives. • R&D initiatives to create meat alternatives that mimic the taste and texture of real meat will be a strong growth driver. • Animal welfare and sustainability concerns are major growth contributors for meat alternatives market. • Relaxing regulatory guideline for meat alternatives is bolstering market entry of new players. Potential role of meat alternatives in curbing greenhouse gas emissions will continue to foster sales. Meat Alternatives Market - Key Restraints www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved
Meat Alternatives Market Analysis • High upfront costs involved in the insect protein landscape will be a significant roadblock to market growth. • Consumers' reluctance to insect protein as a meat alternative continues to limit the demand. • The distribution network of meat alternatives is still limited, highlighting a long-term challenge facing market. Competition Landscape of Meat Alternatives Market Some of the key players in meat alternatives market include, but are not limited to, MGP Ingredients, Wilmar International Ltd., Ingredion Inc., Cargill Inc., Archer Daniels Midland Company, Impossible Foods, Beyond Meat, and Atlantic Natural Foods LLC. Leading players are focused on realigning their strategies with shifting consumer demands. Product launches and distribution network expansion remains the key strategic focus area of market players. For instance, Atlantic Natural Foods LLC introduced TUNO (2019) which is a seafood alternative. On the other hand, PHW Group entered a strategic partnership with Beyond Meat to expand its retail distribution network. More about the Report This Future Market Insights study of 300 pages offers actionable insights on meat alternatives market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved
Meat Alternatives Market Analysis The market analysis is based on product type (fish protein, cultured meat, fermented proteins, insects, mycoprotein/algae, risofu, quorn, textured vegetable protein, tempeh, tofu, wheat gluten or seitan), nature (organic, conventional), source (mycoprotein, plant-based protein, insect protein), storage (shelf- stable, frozen, refrigerated), distribution (B2B, wholesalers, online retail, specialty stores, convenience stores, hypermarkets, supermarkets, independent small groceries, HoReCa), end-use (functional beverages, bakery & confectionary, breakfast cereals, sports nutrition, personal care products, protein and nutritional bars, infant nutrition, animal nutrition, pharmaceutical products, meat additives, aquaculture, B2C) across five regions (Latin America, North America, Europe, Middle East & Africa, Asia Pacific). Explore Extensive Coverage of FMI's Food and Beverages Landscape Ready-to-Eat Food Market - Get comprehensive information on ready-to-eat food market through FMI's review on prevailing trends, opportunities, challenges, and growth drivers of the market for 2016-2026. Baking Soda Substitute Market - FMI's study demonstrates key market dynamics of global baking soda substitute market along with value forecasts, current environment, trends, segments, and market leaders for 2018-2028. Vegan Cheese Market - Obtain in-depth insights on global vegan cheese market through FMI's extensive analysis covering market statistics, region-wise data, segment-wise data, competitive landscape, and key influencing factors. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved
Meat Alternatives Market Analysis Press-Release Source - https://www.futuremarketinsights.com/press-release/meat-alternatives-market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved
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