Meat Substitutes Market Analysis Highlights the Impact of COVID-19 (2020-2024) | New Product Launches to Boost Market Growth | Technavio

Technavio has been monitoring the meat substitutes market and it is poised to grow by USD 3.11 billion during 2020-2024, progressing at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Frequently Asked Questions-

1. What was the value of the global meat substitutes market in 2019?

A. As per Technavio, the market was valued at USD 2.89 billion in 2019 and it is projected to reach USD 6.00 billion by 2024.





2. At what rate is the market projected to grow during the forecast period?

A. Growing at a CAGR of almost 16%, the market growth will accelerate during the forecast period 2020-2024.





3. What are the key factors driving the market?

A. New product launches and continuous R&D are among the key factors driving the market growth.





4. Who are the top players in the market?

A. Beyond Meat Inc., Ecozone UK Ltd., Gathered Foods Corp., Impossible Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., The Kraft Heinz Co., The Tofurky Co. Inc., Tyson Foods Inc., and Unilever Group are some of the major market participants.





5. Based on geographic segmentation, which region is expected to hold the highest market share?

A. North America

The new product launches will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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New product launches has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Meat Substitutes Market 2020-2024: Segmentation

Meat Substitutes Market is segmented as below:

• Type
  • Soy-based
  • Wheat-based
  • Mycoprotein-based
  • Others
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43310

Meat Substitutes Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The meat substitutes market report covers the following areas:

• Meat Substitutes Market Size
• Meat Substitutes Market Trends
• Meat Substitutes Market Analysis

This study identifies continuous R&D and product development as one of the prime reasons driving the meat substitutes market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Meat Substitutes Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist meat substitutes market growth during the next five years
• Estimation of the meat substitutes market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the meat substitutes market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of meat substitutes market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook
• Market size and forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Soy-based - Market size and forecast 2019-2024
• Wheat-based - Market size and forecast 2019-2024
• Mycoprotein-based - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

• Volume driver - Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Beyond Meat Inc.
• Ecozone UK Ltd.
• Gathered Foods Corp.
• Impossible Foods Inc.
• Maple Leaf Foods Inc.
• Monde Nissin Corp.
• The Kraft Heinz Co.
• The Tofurky Co. Inc.
• Tyson Foods Inc.
• Unilever Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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