Mock Meat Market Scope
Mock meat is also known as meat analogue, meat substitute, meat alternative, imitation meat, etc. that is made from wheat, protein, and starch and has taste & smell like egg, meats, and other animal-based foods. Covid-19 pandemic led a number of people across the globe to avoid consumption of meat and poultry items. More and more people are turning to vegan, vegetarian, or meat-reducer diets due to growing awareness about the animal cruelty and health benefits of the vegetarian or vegan diet has fueled the growth.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Mock Meat market throughout the predicted period.
Beyond Meat (United States), OKK Foods (GROWTHWELL GROUP) (Singapore), Veggie Champ (India), Conagra, Inc. (United States), V2food (Australia), ITC Limited (India), Quorn Foods (United Kingdom), Maple Leaf Foods (Canada), Sunfed (New Zealand), Morningstar Farms (Kellogg's) (United States), Impossible Foods Inc. (United States), Daiya Foods Inc. (Canada), ADM (United States) and Lightlife Foods, Inc. (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Mock Meat market by Type (Soy-based, Grain-based and Flour-based), by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Mock Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2022, ITC Limited, a leading FMCG company announced the launch of a plant-based meat products range. The new range includes plant-based patties and nuggets, which have the taste of chicken. With this, the main goal of ITC is to meet the increasing demand for meat alternatives and target non-vegetarians for plant-based meat alternatives.
- Increasing Innovation in the Plant-based Meat Products and Penetration of Global Brands and Start-ups
- Surging Demand of Vegan Food Products Due to Growing Awareness About the Health Benefits of Plant-based Diets
- Increasing Demand for Animal-based Food Taste in the Vegan Foods
- The Outbreak of Coronavirus and Bird Flu Has Created Significant Opportunities
- High Sodium Contents and Less Quality & Nutrition in the Plant-based Meats
- Heavy Coloring and Textural Additives in Some Meat Alternatives
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Mock Meat Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Mock Meat Market?
The Mock Meat study can be customized to meet your requirements. The market size breakdown by type [Soy-based, Grain-based and Flour-based], by end use application [Household and Commercial].
2. How big is the Mock Meat Market?
The Mock Meat Market is gaining popularity and expected to see strong valuation by 2027.
3. What is expected growth rate in Mock Meat Market?
According to AMA, the Global Mock Meat market is expected to see growth rate of %.