MEAT SUBSTITUTE MARKET ANALYSIS

Meat Substitute Market, By Product Type (Tofu, Quorn, Tempeh, Seitan, Textured Vegetable Protein, Mushrooms, and Others), By Source (Soy, Cereal, Mycoprotein, Oilseed and Others), By Category (Frozen, Refrigerated, and Shelf-stable), By Distribution Channel (Online Stores and Offline Stores), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Market Regional Insights:

Europe is expected to be the largest market for global meat substitute market, which is expected to grow at a CAGR of over 36% during the forecast period. The growth of this market in Europe is attributed to increasing demand for meat substitute in countries such as France, Germany, the Netherlands, and Russia.
North America is expected to be the second-largest market for global meat substitute market, which is expected to grow at a CAGR of over 31% during the forecast period. The growth of this market in North America is attributed to increasing demand for meat substitute in countries such as the U.S. and Canada.
Asia Pacific is expected to be the fastest-growing market for global meat substitute market, which is expected to grow at a CAGR of over 18% during the forecast period. The growth of this market in Asia Pacific is attributed to increasing demand for meat substitute in countries such as India and China.

Figure 1. Global Meat Substitute Market Share (%), By Region, 2024