(M2 PressWIRE Via Acquire Media NewsEdge) Owing to the rise in living standards, rising health awareness, outbreak of animal disease, and ethics, that is, not to kill the animals or the concern towards the animals are driving the people to be vegetarian, which in turn is fuelling the demand for the meat substitutes market. This report estimates the market value of types of meat substitutes, their sources, and categories. In terms of geography, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World (RoW). With the growing market potential and increasing preference for vegetarian food, the meat substitutes market is likely to witness significant growth in the coming years.
The report estimates the global meat substitutes market in terms of value ($million). The drivers, restraints, and opportunities of the meat substitutes market are also discussed in this report. The report includes the various development strategies of market players such as mergers & acquisitions, expansion plans, new product launches, participations, and other developments.
Europe is the largest market for meat substitutes, followed by North America. These two regions are followed by Asia-Pacific, which is the fastest-growing market.
The companies enjoying significant market share are Quorn Foods Ltd. (U.K.), Blue Chip Group (U.S.), Vbites Foods (U.K.), Amy's Kitchen Inc. (U.S.), and Cauldron Foods (U.K.). Existing dominant players are leveraging their innovative capabilities and are trying to come up with new products to commercialize novel products and increase their adoption.
Top five players in the meat substitutes industry held a market share of around 40% signifying the participation of a large number of players in this market.
In order to provide a deeper understanding of the competitive landscape, the report profiles 10 key players of the meat substitutes market, and provides more than 50 market tables, categorized into regions, types, categories, and sources.
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