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Mock Meat Market

Mock Meat Market Size, Share & Trends Analysis Report

Mock Meat Market Size, Share, And Trends Analysis Report By Product (Tofu-Based, Tempeh-Based, TVP-Based, Seitan-Based, Quorn-Based, Others), By Source (Soy-Based, Wheat-Based, Mycoprotein, Others), By Category (Frozen, Refrigerated, Shelf Stable) Based On Region, And Segment Forecasts, 2022 - 2029

Published
Report ID : BMRC 1493
Number of pages : 300
Published Date : Feb 2023
Category : Food And Beverage
Delivery Timeline : 48 hrs

Industry Insights-

  • The Global Mock Meat Market was valued at USD 5.2 Billion in 2021
  • It is anticipated to reach USD 14.18 Billion by 2028
  • A CAGR of 15.2% is anticipated over the forecast period

Overview-

Plant-based meat are also called as plant-based meat, meat alternative, vegan meat, meat substitute, imitation meat, or vegetarian meat, or, sometimes more pejoratively etc. These are meat-like, vegan alternative that resembles meat products in color, texture, appearance, and flavor. Mostly, these are produced by mixing plant protein isolates, edible oils, starch, vegetable extracts, and various other seasonings.

These raw materials are further processed with additives and coloring agents to achieve flavor and texture, just like animal meat. These products offer various advantages such reduce the meat intake and hence minimize the risks of cardiovascular diseases, lower the blood cholesterol, maintain calories, and others. The meat variant is additionally considered to be ecologically sustainable because it helps in reducing the high consumption of meat produce. Due to this, plant-based meat products are widely available across restaurants, cafes, hypermarkets, convenience/specialty stores, and other catering platforms.

Covid-19 Impact-

During the onset of the coronavirus pandemic, the meat industry was slammed by warnings of meat shortages because of shuttered plants, resulting price increases, and growing numbers of sick workers conditions which has presented new opportunities for plant-based companies. As the animal based meat was seeing a decline in utilization across many created countries of the world, the pandemic circumstance have raised the pattern much higher as an ever increasing number of customers are moving towards veggie lover and creature free weight control plans to achieve a superior wellbeing segment during COVID-19 circumstance.

Key Players-

Some of the key players for global Mock Meat Market are

  • Amys Kitchen Inc.
  • Beyond Meat
  • Cauldron Foods
  • Garden Protein International Inc.
  • Meatless B.V.
  • Quorn Foods
  • Vbites Food Ltd.
  • Morningstar Farms
  • MGP Ingredients Inc.
  • Sonic Biochem Extractions Limited
  • ADM
  • Dupont
  • The Nisshin Oillio Group
  • Meatless
  • Vbites
  • Memphis Meats
  • Alpha Foods
  • Corbion Biotech Inc.
  • Famleigh Inc.
  • others

Segmentation Analysis-

By Product 

  • Tofu-based
  • Tempeh-based
  • TVP-based
  • Seitan-based
  • Quorn-based
  • Others

The segment of tofu-based burgers has surged in recent years, with the largest revenue share accounted for by the segment. Companies such as Impossible Foods and various others have strived to create vegan burgers that imitate the taste and texture of meat. The Impossible Burger is made with a genetically modified form, containing heme-iron, a naturally occurring compound in animal products, which is said to give the burger a meaty flavor. Other major players in the market include Quorn, Kellogg NA Co., VBites Foods Limited, Amy's Kitchen, Inc., Yves Veggie Cuisine, Kraft Foods, Inc., and Beyond Meat.

By Source 

The soy-based meat segment is expected to lead the market, as soy is a valuable source of branched-chain amino acids (BCAAs). Its ability to enhance exercise performance, recovery from a heavy workout, and build & strengthen muscles mass is likely to drive steady growth over the forecast period. Soy-based meat products provide a cost-effective solution, while also having a lower carbon footprint than conventional animal- and dairy-based food products. Moreover, their improved eating qualities, such as improved microwave-ability and slice-ability, are projected to further spur the overall market growth.

The increasing demand for pea-based patties in burgers is driven by various factors, including their high protein content, resemblance in texture and consistency to meat, easy availability, and quick preparation. In addition, pea protein aids muscle strength, is easy to digest, and improves heart health, making them a healthy and nutritious alternative to traditional meat-based patties. Furthermore, they are a rich source of iron, which further contributes to their growing popularity. This is expected to drive the demand for pea-based patties over the forecast period.

By Category 

The frozen plant-based meat segment has seen tremendous growth in recent years, driven by factors such as the increasing demand for innovative vegetarian products, the extended shelf life of frozen products, and the growing recognition and shelf space they are gaining. This has led to a significant rise in new product development within the ambient, chilled, and frozen segments, giving consumers a wide range of choices. As a result of this, the frozen mock meat segment has been leading the market.

The HORECA segment (hotel/Restaurant/Café segment) is driving the mock meat market, accounting for the largest revenue share. This is a result of the rising popularity of vegan and flexitarian diets, as many restaurants, fast food chains, and casual dining venues are now devoting sections of their menus to plant-based options. As such, industry players are looking to capitalize on shifting consumer preferences and the increasing demand for tailored services. An example of this is seen with Amy’s Kitchen Inc., a US-based vegetarian and vegan foods manufacturer, opening a third plant-based and vegan-friendly “Amy’s Drive-Thru” restaurant in Walnut Creek, California in April 2019.

By Region:

  • North America

    • U.S.
    • Canada
  • Europe

    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of Middle East and Africa

The global mock meat market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. Europe is expected to dominate the global mock meat market within the forecast as the European region is well developed, and therefore the people are more responsive to the ill-effects of meat consumption. In a study done by the British Medical Journal specialists at the US National Cancer Institute; connected high red meat utilization to a 26% spike in the odds of contracting nine NCDs, including disease, type 2 diabetes, strokes and even Alzheimer's.

In Asia Pacific region, there is an increasing trend of consumers towards the adoption of meat substitutes, which is predicted to drive the market growth in this region. Australia and China are the two major countries that are rapidly shifting toward plant-based proteins. According to the “Good Food Institute”, about 63% of the Indians are likely to buy plant-based meat regularly.

Market Drivers-

Increasing trend of veganism coupled with rising concerns towards animal welfare

The major factors driving the growth of global mock meat market is the growing trend of veganism coupled with the rising concerns towards animal welfare. The growing adoption of plant based products is especially attributed to the growing prevalence of chronic conditions like obesity, cardiovascular diseases (CVDs) among the people. People are becoming more health conscious now and have lots of information regarding the benefits of using plant based meat. Thus, growing vegan trend, and increasing entry of innovative market leaders like Unilever during this industry are also supplementing the market growth. For example;  in July 2020, the “Plant Based Foods Association ” witnessed 23% growth within the sales of plant-based meat products, when this stuff were showcased within the meat stores.

Growing support from government bodies to promote plant based meat products

In addition, increasing government initiatives to come up with awareness about the importance of plant-based meats is estimated to spice up the market growth and make significant growth opportunities for the world market within the upcoming years. In 2018, the Indian Ministry of Health and Family Welfare conducted a campaign called “Eat Right India” to push a sustainable diet featuring plant-based foods to support the fight against global climate change. This was a serious step because animal agriculture may be a leading reason behind climate change; each year, agriculture produces about 32,000 million a lot of CO2 gas and accounts to almost 18% of greenhouse emission emissions globally.

Market Opportunities-

Sustainability and carbon foot-print to create opportunities

Mock meats are made from various plant-based ingredients, such as wheat gluten, soy, and mushrooms. They are designed to replicate the taste, texture, and appearance of real meat, and are often seasoned with spices and herbs to enhance their flavor. Mock meats can be used to make burgers, tacos, and other dishes that traditionally require meat.

The use of mock meats is a great way to reduce the environmental impact of the meat industry while still getting the taste and texture of traditional dishes. This can help make the transition to veganism or vegetarianism much easier for those who are unsure about giving up their favorite meals.

Due to an increased variety of goods, advanced production of plant-based proteins, and more efficient substitutes, the popularity of plant-based food and drinks has grown in recent times.

Recent Developments-

  • On January 23rd, 2021; Blue Tribe Foods introduced plant-based “chicken” nuggets within the market, promising to produce the authentic taste of chicken nuggets while putting all worries about plant-based food, just like the taste and texture, to rest. The frozen snack requires frying for less than a pair of minutes, and is environment-friendly. The corporate also plans to roll out plant-based “chicken” keema by the top of January 2021.
Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2022 - 2028
Market Size in 2021: USD 5.2 Billion 
Base year considered 2020
Forecast Period CAGR %: 15.2%
Market Size Expected in 2028: USD 14.18 Billion 
Tables, Charts & Figures: 175
Pages 300
Key Players/Companies Amys Kitchen Inc., Beyond Meat, Cauldron Foods, Garden Protein International, Inc., Meatless B.V., Quorn Foods, Vbites Food, Ltd., Morningstar Farms, MGP Ingredients Inc., and Sonic Biochem Extractions Limited, ADM, Dupont, The Nisshin Oillio Group, Meatless, Vbites,  Memphis Meats, Alpha Foods, Corbion Biotech, Inc., and Famleigh Inc. and others
Segments Covered By Product, By Source , By Category 
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Product

  • Tofu-based
  • Tempeh-based
  • TVP-based
  • Seitan-based
  • Quorn-based
  • Others

By Source

  • Soy-based
  • Wheat-based
  • Mycoprotein
  • Others

By Category

  • Frozen
  • Refrigerated
  • Shelf Stable
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Amys Kitchen Inc.
  • Beyond Meat
  • Cauldron Foods
  • Garden Protein International Inc.
  • Meatless B.V.
  • Quorn Foods
  • Vbites Food Ltd.
  • Morningstar Farms
  • MGP Ingredients Inc.
  • Sonic Biochem Extractions Limited
  • ADM
  • Dupont
  • The Nisshin Oillio Group
  • Meatless
  • Vbites
  • Memphis Meats
  • Alpha Foods
  • Corbion Biotech Inc. 
  • Famleigh Inc.
  • others

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