Meat Substitutes Market Growing at 6.4% CAGR to 2020 Driven by Increasing Health Concerns of Consumers
Pune, India (PRWEB) September 16, 2015 -- The global meat substitutes market is projected to grow significantly from an estimated value of USD 3.80 billion in 2015 to USD 5.17 billion by 2020 at a CAGR of 6.4% between 2015 and 2020. The growth in this market is propelled by continuous growth in the vegetarian food industry and the increasing health concerns of consumers. The Asia-Pacific market will register highest growth by 2020 owing to the significant increase in the awareness level in consumers for health and wellness and increasing demand for healthy and clean-label food in the region. The growth of this region is supplemented by the increasing per-capita spending power and changing food habits in developing economies such as India and China. Check 76 market tables and 51 figures spread through 188 pages on "Meat Substitutes Market" at http://www.rnrmarketresearch.com/meat-substitutes-market-by-source-soy-wheat-mycoprotein-type-tofu-tempeh-tvp-seitan-quorn-others-category-frozen-refrigerated-shelf-stable-geography-global-trends-forecasts-up-to-market-report.html .
The growing demand for meat-free food products and increasing health concerns are expected to drive the market for meat substitutes globally. In addition to this, key factors such as increase in adoption rate of vegan & vegetarian diet and increasing health concerns for pets, increasing environmental issues, and presence of modernized retail chain in emerging markets are projected to support the growth in the meat substitutes market in the forthcoming years.
Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=183396 .
This report covers the global meat substitutes market in major regions such as North America, Europe, Asia-Pacific, and RoW. The meat substitutes market is segmented on the basis of type, source, category, and region. By type, the tofu & tofu ingredients segment is projected to dominate the global meat substitutes market between 2015 and 2020. By source, the soy-based segment is projected to have the largest market during the forecast period. The frozen meat substitutes segment will dominate the meat substitutes category segment from 2015 to 2020. Major meat substitutes companies such as Amy’s Kitchen (U.S.), Beyond Meat (U.S.), Sonic Biochem Extractions Limited (India), MGP Ingredients (U.S.), Garden Protein International Inc. (Canada), Quorn Foods (U.K.), Morningstar Farms (U.S.), Vbites Foods Ltd. (U.K.), The Nisshin Ollio Group, Ltd. (Japan), and Meatless B.V. (The Netherlands) have been profiled in it. Inquire for discount on this research at http://www.rnrmarketresearch.com/contacts/discount?rname=183396 .
Related Market Reports:
"Industrial Enzymes Market by Type (Carbohydrases, Proteases, Non-starch Polysaccharides & Others), Application (Food & Beverage, Cleaning Agents, Animal Feed & Others), Brands & by Region - Global Trends and Forecasts to 2020” Companies profiled in this research report are Geographic Revenue Mix, BASF SE, E. I. Du Pont De Nemours and Company, Associated British Foods PLC, Koninklijke DSM N.V, Novozymes A/S, Adisseo France Sas, CHR. Hansen Holding A/S, Codexis Incorporated, Dyadic International Incorporated and Amano Enzyme Incorporated discussed in this research available at http://www.rnrmarketresearch.com/industrial-enzymes-market-by-types-carbohydrase-protease-lipase-applications-food-beverages-cleaning-agents-bio-fuel-animal-feed-geography-global-trends-forecasts-to-2018-market-report.html .
"Frozen Bakery Products Market by Type (Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry), Distribution Channel (Artisan Baker, Retail, Catering), & by Region (North America, Europe, Asia-Pacific, Rest of the World) - Global Trends & Forecast to 2020” Companies profiled in this research report are Aryzta AG, Conagra Foods. Inc., Europastry S.A., General Mills, Inc, Grupo Bimbo S.A.B. De C.V, Associated British Foods PLC, Kellogg Company, Lantmannen Unibake International, Vandemoortele NV and Premier Foods PLC discussed in this research available at http://www.rnrmarketresearch.com/frozen-baakery-products-market-by-type-frozen-bread-frozen-pizza-crust-frozen-cake-pastry-distribution-channel-artisan-baker-retail-catering-by-region-north-america-europe-asia-pacific-rest-of-the-world-global-trends-forecast-market-report.html .
Explore more In Food & Beverage Market Research reports at http://www.rnrmarketresearch.com/reports/food-beverage .
About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.
Ritesh Tiwari, RnRMarketResearch.com, http://www.rnrmarketresearch.com/, +1 (888) 391-5441, [email protected]
Share this article