KEY FINDINGS
The Asia-Pacific meat substitute market is predicted to record a CAGR of 15.30% during the forecast period, 2023-2032. There is a high demand for soy-based meat substitutes due to the popularity of tofu. Tofu is majorly consumed in China as a staple food. In addition, it has increasing applications in different cuisines.
MARKET INSIGHTS
South Korea, Australia, Japan, India, China, and Rest of Asia-Pacific are evaluated for the Asia-Pacific meat substitute market growth analysis. In South Korea, the market growth is attributed to the increasing number of restaurants adding tofu dishes. Also, Koreans increasingly prefer organic, slow, and natural foods. This raises the demand for vegetarian foods. Besides, the Korean population is making conscious efforts to reduce meat consumption, offering growth opportunities for the analyzed market.
In Australia, the rising environmental & health concerns propel market growth. Consumers are conscious of their food habits and their health impacts. Moreover, the adoption of a flexitarian lifestyle promotes the consumption of meat substitutes. Additionally, meat or protein alternatives are viable markets for Australian manufacturers and growers, with the Australian population increasingly inclined to plant-bead diets.
Furthermore, jackfruit is the latest addition to the meat substitute category in the Australian market. It has become a central ingredient in several restaurants and cafes in the country, replacing pork. For instance, mushroom patties in burgers are gaining traction in burger chains like Burger Project and Grill'd. Also, supermarkets are taking the rising number of flexitarians, vegetarians, and vegans into consideration as they launch new lines of vegan food products. Such factors boost growth opportunities in these countries.
COMPETITIVE INSIGHTS
Some of the eminent market players are Wilmar International Limited, The Nisshin OilliO Group Ltd, Shandong Jianyuan Group, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Asia-Pacific Meat Substitute Market Forecast 2023-2032
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Growing Demand For Plant-Based Proteins
3.1.2. Rising Health Consciousness
3.1.3. Increasing Obese Population
3.1.4. Product Research And Innovations
3.2. Key Restraints
3.2.1. Diverse Availability Of Substitutes
3.2.2. High Costs
4. Key Analytics
4.1. Impact Of Covid-19 On Meat Substitute Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Key Buying Criteria
4.7. Regulatory Framework
5. Market By Product Type
5.1. Tofu-Based
5.2. Tempeh-Based
5.3. Tvp-Based
5.4. Seitan-Based
5.5. Quorn-Based
5.6. Other Product Types
6. Market By Category
6.1. Frozen
6.2. Refrigerated
6.3. Shelf Stable
7. Market By Source
7.1. Soy-Based
7.2. Wheat-Based
7.3. Mycoprotein
7.4. Other Sources
8. Geographical Analysis
8.1. Asia-Pacific
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. China
8.1.5.2. Japan
8.1.5.3. India
8.1.5.4. South Korea
8.1.5.5. Australia
8.1.5.6. Rest Of Asia-Pacific
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Product Launches & Developments
9.1.3. Partnerships & Agreements
9.1.4. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. A&B Ingredients
9.2.2. Adm
9.2.3. Axiom Foods
9.2.4. Beneo
9.2.5. Cargill
9.2.6. Crespel And Deiters
9.2.7. Dupont
9.2.8. Ingredion Incorporated
9.2.9. Kerry Group
9.2.10. Puris
9.2.11. Roquette Freres
9.2.12. Shandong Jianyuan Group
9.2.13. Sonic Biochem Limited
9.2.14. The Nisshin Oillio Group Ltd
9.2.15. Wilmar International Limited
List Of Tables
Table 1: Market Snapshot - Meat Substitute
Table 2: Regulatory Framework
Table 3: Asia-Pacific Meat Substitute Market, By Product Type, Historical Years, 2018-2022 (In $ Million)
Table 4: Asia-Pacific Meat Substitute Market, By Product Type, Forecast Years, 2023-2032 (In $ Million)
Table 5: Asia-Pacific Meat Substitute Market, By Category, Historical Years, 2018-2022 (In $ Million)
Table 6: Asia-Pacific Meat Substitute Market, By Category, Forecast Years, 2023-2032 (In $ Million)
Table 7: Asia-Pacific Meat Substitute Market, By Source, Historical Years, 2018-2022 (In $ Million)
Table 8: Asia-Pacific Meat Substitute Market, By Source, Forecast Years, 2023-2032 (In $ Million)
Table 9: Asia-Pacific Meat Substitute Market, By Country, Historical Years, 2018-2022 (In $ Million)
Table 10: Asia-Pacific Meat Substitute Market, By Country, Forecast Years, 2023-2032 (In $ Million)
Table 11: Leading Players Operating In Asia-Pacific Meat Substitute Market
Table 12: List Of Mergers & Acquisitions
Table 13: List Of Product Launches & Developments
Table 14: List Of Partnerships & Agreements
Table 15: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Key Buying Criteria
Figure 6: Asia-Pacific Meat Substitute Market, Growth Potential, By Product Type, In 2022
Figure 7: Asia-Pacific Meat Substitute Market, By Tofu-Based, 2023-2032 (In $ Million)
Figure 8: Asia-Pacific Meat Substitute Market, By Tempeh-Based, 2023-2032 (In $ Million)
Figure 9: Asia-Pacific Meat Substitute Market, By Tvp-Based, 2023-2032 (In $ Million)
Figure 10: Asia-Pacific Meat Substitute Market, By Seitan-Based, 2023-2032 (In $ Million)
Figure 11: Asia-Pacific Meat Substitute Market, By Quorn-Based, 2023-2032 (In $ Million)
Figure 12: Asia-Pacific Meat Substitute Market, By Other Product Types, 2023-2032 (In $ Million)
Figure 13: Asia-Pacific Meat Substitute Market, Growth Potential, By Category, In 2022
Figure 14: Asia-Pacific Meat Substitute Market, By Frozen, 2023-2032 (In $ Million)
Figure 15: Asia-Pacific Meat Substitute Market, By Refrigerated, 2023-2032 (In $ Million)
Figure 16: Asia-Pacific Meat Substitute Market, By Shelf Stable, 2023-2032 (In $ Million)
Figure 17: Asia-Pacific Meat Substitute Market, Growth Potential, By Source, In 2022
Figure 18: Asia-Pacific Meat Substitute Market, By Soy-Based, 2023-2032 (In $ Million)
Figure 19: Asia-Pacific Meat Substitute Market, By Wheat-Based, 2023-2032 (In $ Million)
Figure 20: Asia-Pacific Meat Substitute Market, By Mycoprotein, 2023-2032 (In $ Million)
Figure 21: Asia-Pacific Meat Substitute Market, By Other Sources, 2023-2032 (In $ Million)
Figure 22: Asia-Pacific Meat Substitute Market, Country Outlook, 2022 & 2032 (In %)
Figure 23: China Meat Substitute Market, 2023-2032 (In $ Million)
Figure 24: Japan Meat Substitute Market, 2023-2032 (In $ Million)
Figure 25: India Meat Substitute Market, 2023-2032 (In $ Million)
Figure 26: South Korea Meat Substitute Market, 2023-2032 (In $ Million)
Figure 27: Australia Meat Substitute Market, 2023-2032 (In $ Million)
Figure 28: Rest Of Asia-Pacific Meat Substitute Market, 2023-2032 (In $ Million)
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