North American Meat Substitute Market Demand, Industry Trends, Business Opportunities

PUNE, India - Feb. 27, 2023 - PRLog -- Meat substitute also called meat analogue, mock meat, faux meat or meat alternatives a healthy replacement of meat that resemble chemical characteristics and aesthetic qualities such as flavor, taste, appearance and the basic texture of meat. Cashing in on the increasing health consciousness of the people, change in dietary plans, recent outbreak of animal diseases and the need for an alternative to meat due to harmful effects of over-consumption of meat, the meat substitute market is expected to witness substantial growth over the forecast period. Currently, the global campaign of 'go vegetarian' is the most powerful influencer of the demand for such products. Health benefits of this cholesterol-free protein, with meat-like texture, is the main factor promoting the growth of meat substitute products. Soy-based products such as tofu, miso, yaso, natto, and seitan are fast becoming popular among consumers. For market growth, product innovation and artificial meat taste are incorporated in the meat substitute products. Furthermore, as the adoption level of meat substitutes by consumers is increasing, it helps companies innovate and develop product lines for meat substitutes, which has further contributed to the growth of the meat substitutes market.

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NORTH AMERICAN MEAT SUBSTITUTE MARKET OUTLOOK

The major factors driving the North American Meat Substitute market are rising environment concern around the world, reduction in meat consumption, growing health concerns, changing dietary pattern, increased preference for vegetarian and vegan foods and limited meat production. However, health concerns surrounding meat alternatives and high cost of meat substitutes are some of the restrains faced by the market.

NORTH AMERICAN MEAT SUBSTITUTE MARKET KEY PLAYERS

The major players involved in this market are are Danisco (DuPont), Amys Kitchen, Cargill, Cauldron Foods, MGP Ingredients, Schouten, Morningstar Farms, Quorn Foods, Sonic Biochem, Vbites Foods and ADM among others.