Meat Substitutes Market Size and Competitive Analysis till 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Meat Substitutes Market covers analysis By Source (Soy Protein, Wheat Protein, Pea Protein, Mycoprotein, and Others), By Product Type (Patties, Nuggets, Crumbles & Grounds, Sausages, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail and Others)

  • Report Date : Aug 2025
  • Report Code : TIPRE00003884
  • Category : Food and Beverages
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

Analyst Perspective 

The global meat substitutes market is estimated to register a CAGR of ~10

%

. People are moving towards a vegan lifestyle is a significant factor driving the growth of the meat substitutes market. There are many health benefits associated with meat-based substitutes. A product made up of plants resembling meat is becoming popular. The threat of animal-borne diseases has led to a decline in the consumption of meat-based products. Increasing consumers' awareness and developing new products has contributed to the growth opportunities for the meat substitutes market. Significant challenges for the growth of the meat substitute market include taste and texture, production scalability, and others.

Market Overview

Meat substitutes are mainly vegetarian and vegan products used to replace meat-based products. The market is expected to grow as more people adopt plant-based diets. Consumers who are not vegan or vegetarian are also exploring meat substitutes for numerous reasons, such as weight management, animal welfare, and long-term sustainability. Because of technology and innovations, consumers have a wide range of options. Tempeh is a fast-growing product type with increased demand in Asia-Pacific and Europe due to its suitable substituting properties and ease of manufacturing. Even government bodies in various countries are promoting the consumption of meat substitutes due to certain health benefits offered by these products.

Market Drivers

  • Health and wellness trends and growing preference for plant-based meat

Consumers increasingly recognize the advantages of reducing meat intake, including lower cholesterol levels and risk of certain diseases. Meat substitutes help in improving gut health. The plant-based meat market is growing because of increasing health consciousness, environmental concerns, and consumer preferences.

  • Rises in clean eating habits, innovation in products related to meat substitutes, rise in disposable income, influencers' impact, and others are major growth-driven factors for the Meat substitutes market.

Market Segmentation

The global meat substitutes market is segmented based on source, product type, and distribution channel. The global meat substitutes market is segmented based on source into soy protein, wheat protein, pea protein, mycoprotein, and others. The meat substitutes market is segmented based on product type into patties, nuggets, crumbles & grounds, sausages, and others. Based on distribution channels, it is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It overviews and forecasts the global meat substitutes market based on several segments. It also imparts information about market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The meat substitutes market by region is also sub-segmented by respective countries and segments. The meat substitutes market report covers an analysis and forecast of eighteen countries around the globe and the current trends and opportunities of the region.

The report analyses factors affecting the meat substitutes market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the meat substitute market in these regions.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the meat substitutes market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies observed in the market are partnerships, collaborations, and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the meat substitutes market anticipate lucrative growth opportunities with the rising demand for filter products globally.

The report includes key companies' profiles, SWOT analysis, and meat substitutes market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the meat substitutes market.

  • Beyond Meat
  • Impossible Foods Inc.
  • Hain Celestial
  • Conagra, Inc.
  • Kellogg's Company
  • Amy's Inc.
  • Quorn (Marlow Foods Ltd.)
  • Vbites Foods Ltd.
  • Sunfed
  • Tyson Foods, Inc.

Meat Substitutes Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Source
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Mycoprotein
By Product Type
  • Patties
  • Nuggets
  • Crumbles & Grounds
  • Sausages
By Distribution Channel
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Amy's Kitchen, Inc.
  • Archer Daniels Midland Company
  • Beyond Meat
  • Cauldron Foods
  • CRESPEL and DEITERS
  • E. I. du Pont de Nemours and Company
  • Puris
  • Roquette Freres
  • Suedzucker
  • Shejal Jamdade
    Shejal Jamdade
    Associate Vice President,
    Market Research & Consulting

    With over 12 years of experience in managing custom research projects, Shejal is a seasoned research professional with deep cross-sector expertise spanning Chemicals & Materials, Food & Beverages, Biotechnology, and Consumer Goods. She excels in end-to-end project management, advanced data modelling, and providing strategic support to clients.

    Shejal has successfully led a wide range of high-impact research engagements, consistently guiding clients through complex business challenges and enabling informed decision-making. Her ability to blend analytical rigor with industry knowledge has made her a trusted advisor for clients seeking data-driven strategies and actionable insights. Dedicated to excellence and precision, Shejal continues to play a pivotal role in transforming business objectives into research-driven outcomes.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies

    1. Amy's Kitchen, Inc.
    2. Archer Daniels Midland Company
    3. Beyond Meat
    4. Cauldron Foods
    5. CRESPEL and DEITERS
    6. E. I. du Pont de Nemours and Company
    7. Puris
    8. Roquette Freres
    9. Suedzucker
    10. Wilmar International Limited

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