Published by mark itwired
Posted on September 17, 2021
11 min readLast updated: January 20, 2026
Meat alternatives have been in the market for a very long time. But these products have started gaining traction only after the penetration of veganism and flexitarianism. Previously, not many options of meat alternatives were available in the market. However, a rise in the vegan trend has resulted in new players entering the meat alternatives market and launching unique products that taste exactly like meat. Also, meat alternatives have a dedicated section in retail stores which increases curiosity among consumers, thus creating and improving sales opportunity for market players. The global meat alternatives market was valued at ~ US$ 5 Bn in 2019. Future Market Insights projects that the market is expected to show a significant growth rate of more than 11% in terms of value in the forecast period 2019-2029.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-11042
“Although the traditional meat industry is not slowing down, the demand for meat alternatives is growing rapidly. Product development has played an important role supporting the growth of the meat alternatives market. Innovative offerings provided by the companies are generating interest among the consumers. Product launches are increasing year-by-year in double digits in the meat alternatives market. Consumer demand and investment in R&D, both go hand-in-hand driving the market for meat alternatives,” says an FMI analyst.
While the concept of meat alternatives may have become popular only recently, the idea was mooted a long time back. Many products were available in the market since a very long time, which were not promoted as meat alternatives. For example, textured soy protein has been in the market for a very long time. The protein content, the texture, and taste have all replicated meat, not completely but partially. However, due to the rise in vegan and flexitarian population, the demand for meat alternatives have increased considerably.
Some of the key players operating in the meat alternatives market are Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., CHS Inc., AGRANA Beteiligungs-AG, Glanbia plc, Roquette Frères, Wilmar International Ltd., MGP Ingredients, Gushen Biotechnology Group Co., Ltd. among others.
Several leading meat product manufacturers are entering the meat alternatives business as an increasing number of consumers shift from meat to meat alternatives. The primary focuses of market players in the meat alternatives market are innovation, product launches and expanding their distribution network to cater to the changing consumer demand.
The global meat alternatives market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
Nature
Source
Storage
Distribution Channel
End Use Application
Future Market Insights, in its new offering, offers an unbiased analysis of the global meat alternatives market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the meat alternatives market based on the product type, nature, source, storage, distribution channel and end use application across seven major regions.
The post Rise in Vegan and Flexitarian Population Has Fuelled the Demand for Meat Alternatives Globally first appeared on Market Research Blog.
Meat alternatives have been in the market for a very long time. But these products have started gaining traction only after the penetration of veganism and flexitarianism. Previously, not many options of meat alternatives were available in the market. However, a rise in the vegan trend has resulted in new players entering the meat alternatives market and launching unique products that taste exactly like meat. Also, meat alternatives have a dedicated section in retail stores which increases curiosity among consumers, thus creating and improving sales opportunity for market players. The global meat alternatives market was valued at ~ US$ 5 Bn in 2019. Future Market Insights projects that the market is expected to show a significant growth rate of more than 11% in terms of value in the forecast period 2019-2029.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-11042
“Although the traditional meat industry is not slowing down, the demand for meat alternatives is growing rapidly. Product development has played an important role supporting the growth of the meat alternatives market. Innovative offerings provided by the companies are generating interest among the consumers. Product launches are increasing year-by-year in double digits in the meat alternatives market. Consumer demand and investment in R&D, both go hand-in-hand driving the market for meat alternatives,” says an FMI analyst.
While the concept of meat alternatives may have become popular only recently, the idea was mooted a long time back. Many products were available in the market since a very long time, which were not promoted as meat alternatives. For example, textured soy protein has been in the market for a very long time. The protein content, the texture, and taste have all replicated meat, not completely but partially. However, due to the rise in vegan and flexitarian population, the demand for meat alternatives have increased considerably.
Some of the key players operating in the meat alternatives market are Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., CHS Inc., AGRANA Beteiligungs-AG, Glanbia plc, Roquette Frères, Wilmar International Ltd., MGP Ingredients, Gushen Biotechnology Group Co., Ltd. among others.
Several leading meat product manufacturers are entering the meat alternatives business as an increasing number of consumers shift from meat to meat alternatives. The primary focuses of market players in the meat alternatives market are innovation, product launches and expanding their distribution network to cater to the changing consumer demand.
The global meat alternatives market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
Nature
Source
Storage
Distribution Channel
End Use Application
Future Market Insights, in its new offering, offers an unbiased analysis of the global meat alternatives market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the meat alternatives market based on the product type, nature, source, storage, distribution channel and end use application across seven major regions.
The post Rise in Vegan and Flexitarian Population Has Fuelled the Demand for Meat Alternatives Globally first appeared on Market Research Blog.
Explore more articles in the Research Reports category
