Meat alternatives market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The increasing vegan population due to the shift of consumers interest towards both vegetarian and vegan diet is rising the demand for plant-based ingredients and alternatives to animal protein. For instance, the 2021 vegan statistics for the UK reveal that the number of vegans in the country increased from 150,000 in 2014, to 720,000 in 2020.

Consumers are continuing to seek substitute for meat which is in turn making the companies in the meat alternative market to increase their product portfolio by introducing vegan and plant-based products in the market. This is one of the major factors propelling to the demand for meat alternatives. For instance, in 2020, ADM launched of Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein expanding its protein portfolio.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Meat Alternatives Market Report Segment

By Product Type

Tofu
Textured Vegetable Protein (TVP)
Tempeh
Seitan
Quorn
Others (Natto, Quinoa, Lupine)
By Source

Soy-based Meat Alternatives
Wheat-based Meat Alternatives
Mycoprotein Meat Alternatives
Other Sources (Pea protein)
A full report of Meat Alternatives Market available @ https://www.omrglobal.com/industry-reports/meat-alternatives-market

Meat Alternatives Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East & Africa
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