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Chicago, September 10, 2021/PRNewswire/--According to the new market research report "By source (soy protein, wheat protein, pea protein and other sources), product (tofu, tempeh, Seitan, Quorn, and others) Products), types (textures, concentrates and isolates), forms, categories and regions-global forecasts to 2027", published by MarketsandMarkets™, the global meat substitute market size in 2021 is estimated to be US$1.9 billion. It is expected to be It will reach US$4 billion in 2027, with a compound annual growth rate of 13.5% in terms of value. Consumers’ increasing awareness of environmental issues caused by meat consumption is driving the demand for meat substitutes.

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It is expected that in the meat substitute market, the seitan part will grow at a high compound annual growth rate

According to the product, the seitan division is expected to grow at a high compound annual growth rate. Qingtan absorbed the taste of cooking food. Depending on the cooking method, it can replicate the taste of steak, chicken, pork or sausage. Since wheat is a native crop in most Asian countries, gluten can be produced at the regional level. Cheongdam is very popular in Japan, China and other East and Southeast Asian countries.

The wheat protein segment accounts for the second largest market share in the meat substitute market

According to the source, the wheat protein portion is the second largest portion of the entire meat substitute market. Wheat protein is the low-fat protein of choice for manufacturers of low-fat and high-protein foods in response to the rising trend of low-fat diets. It can also be used as a binder for meatballs, patties, veggie burgers and tofu.

Browse the in-depth catalog of the "Meat Substitutes Market"

During the forecast period, the texture part is expected to account for the largest market share in the meat substitute market

By type, the meat substitute market is divided into confectionery, texture, and isolation. Textured protein, also known as textured vegetable protein (TVP), is a meat substitute usually made from soy. However, the company has been exploring applications from other sources, such as oats, wheat, cottonseed or other plants.

During the forecast period, the liquid portion is expected to account for the second largest share of the meat substitute market

According to the form, the meat substitute market is divided into solid and liquid. The liquid part accounts for the second largest market share of the entire meat substitute market. Liquid meat substitutes include concentrates and organized proteins, which are less in demand compared to solid forms. Liquid vegetable protein is mainly used as an emulsifier in the vegetable meat industry.

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North America is the region with the largest meat substitute market during the forecast period

During the forecast period, North America is the largest region in the global meat substitute market. The presence of major meat substitute manufacturers such as Ingredion Incorporated (USA), ADM (USA), Cargill (USA) and DuPont (USA) has further promoted the market in this region.

This report includes research on marketing and development strategies, as well as the product portfolio of leading companies. It is composed of profiles of leading companies such as DuPont (USA), ADM (USA), Kerry Group (Ireland), Ingredients Incorporated (USA), Roquette Frères (France), PURIS (USA), Cargill (USA), Axiom Foods ( United States), MGP ingredients (United States), top health ingredients (Canada), Sonic Biochem Ltd (India), Crespel & Deiters (Germany), Wilmar International Limited (Singapore), Sotexpro SA (France), The Nisshin OilliO Group, Ltd ( Japan) and A&B ingredients (Canada).

Plant protein market by source (soy, wheat and peas), type (isolate, concentrate and texture), form, application (food (dairy substitute, meat substitute and performance nutrition) and feed) and region -Global forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/plant-based-protein-market-14715651.html

Wheat protein market by product (wheat gluten, wheat protein isolate, textured wheat protein, hydrolyzed wheat protein), application (bakery, pet food, nutrition bar, processed meat, meat analogs), form (dry, liquid) ) And region-global forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/wheat-protein-market-67845768.html 

Browse adjacent reports: Plant-based alternatives/ingredients market research reports and consulting

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Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [Email Protection] Research Insight: https://www.marketsandmarkets.com/ResearchInsight/meat- Alternatives-market.asp Visit our website: https://www.marketsandmarkets.com Content source: https://www.marketsandmarkets.com/PressReleases/meat-substitutes.asp

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