MARKET INTRODUCTION
Mycoprotein meat substitutes are meat analogues which approximate the appearance, taste, flavor, and texture of real meat. They are derived from mycoprotein, a type of single-celled protein derived from a naturally occurring fungus known as Fusarium venenatum. It is high in protein and fiber content while it has fewer calories, sodium, cholesterol, and fat content. Mycoproteins are a rich source of carotenes, vitamins, carbohydrates, and essential amino acids.
MARKET DYNAMICS
The growing awareness about the ill-effects of obesity has led many consumers to make changes to their diets and include plant-based foods. The growing trend of losing weight and following plant-based diets is anticipated to drive the demand for mycoproteins in the forecast period. The rising number of Millenials and Generation Z opting for meat substitutes owing to their health benefits is anticipated to augment the growth of the mycoprotein meat substitutes market. Growing concerns over the unethical treatment of farm animals and the harmful effect of the meat and poultry industry on the environment has swayed significantly large share of the population towards opting for mycoprotein meat substitutes. Moreover, the rising trend of veganism in the West has created significant opportunities for mycoprotein meat substitute manufacturers. The abundant availability of other meat substitutes such as texturized vegetable protein (TVP) and soy and gluten-based meat substitutes with better tastes and flavors is, however, likely to hinder the growth of the mycoprotein meat substitute market in the forecast period.
MARKET SCOPE
The "Global Mycoprotein Meat Substitute Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mycoprotein meat substitute market with detailed market segmentation by form, end-use, distribution channel, and geography. The global mycoprotein meat substitute market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mycoprotein meat substitute market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mycoprotein meat substitute market is segmented on the basis of form, end-use, and distribution channel. On the basis of form, the mycoprotein meat substitute market is segmented into, minced, slices, cutlets, strips, and others. On the basis of end use, the market is bifurcated into, human consumption and animal feed. Based on distribution channel, the global mycoprotein meat substitute market is segmented into, supermarkets and hypermarkets, specialty stores, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mycoprotein meat substitute market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mycoprotein meat substitute market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mycoprotein meat substitute market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mycoprotein meat substitute market in these regions.
MARKET PLAYERS
The reports cover key developments in the mycoprotein meat substitute market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mycoprotein meat substitute market are anticipated to lucrative growth opportunities in the future with the rising demand for mycoprotein meat substitute in the global market. Below mentioned is the list of few companies engaged in the mycoprotein meat substitute market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mycoprotein meat substitute market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3fbio Ltd.
- Archer Daniels Midland Company (ADM)
- Beyond Meat Inc.
- Marlow Foods Ltd.
- MGP Ingredients Inc.
- MycoTechnology, Inc.
- Quorn Foods
- SHOUGUANG FTL BIO. CO., LTD.
- Soic Biochem Extractions Ltd
- YUTONG INDUSTRIAL CO. LIMITED
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