Market revenue in 2023 | USD 18,777.1 million |
Market revenue in 2030 | USD 234,656.4 million |
Growth rate | 43.4% (CAGR from 2023 to 2030) |
Largest segment | Plant-based protein |
Fastest growing segment | Mycoprotein |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Plant-based Protein, Mycoprotein, Soy-based |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meat substitutes market will help companies and investors design strategic landscapes.
plant-based protein was the largest segment with a revenue share of 62.45% in 2023. Horizon Databook has segmented the Global meat substitutes market based on plant-based protein, mycoprotein, soy-based covering the revenue growth of each sub-segment from 2017 to 2030.
Manufacturers are using emerging technologies to mimic animal fat in plant based meat and to provide enhanced quality, texture and taste. Companies including Beyond Meat and Impossible Foods are heavily investing in R&D and technology development to create their products. For instance, Impossible Foods uses a genetically engineered strain of yeast to create soy leghemoglobin, which aids in creating a meaty flavor.
Horizon Databook provides a detailed overview of global-level data and insights on the Global meat substitutes market , including forecasts for subscribers. This global databook contains high-level insights into Global meat substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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