Meat Substitutes Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Canada, Australia, UK, Germany - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 174 SKU: IRTNTR43310

Meat Substitutes Market Forecast 2024-2028

The meat substitutes market size is projected to increase by USD 4.41 billion, at a Compound annual growth rate (CAGR) of 11.98% between 2023 and 2028.

The meat substitute market in Europe region is poised for substantial growth, fueled by the surging popularity of plant-based protein products and the growing health consciousness among consumers. The market will be further propelled by an influx of new players and an upswing in product launches during the forecast period. With an increasing number of individuals embracing vegan lifestyles, the demand for meat alternatives is on the rise in Europe. To meet this demand, vendors are strategically establishing new plants in the region, enhancing production capabilities. Notably, International Flavours and Fragrances Inc. introduced SUPRO TEX, a soy-based plant protein, in March 2023, offering versatile options for product formulation. Beyond Inc. expanded its product line in Germany in July 2023, introducing plant-based chicken alternatives, Beyond Nuggets and Beyond Tenders, available in over 1,600 REWE stores nationwide. These developments and investments are expected to drive the regional market growth during the forecast period. 

Market Overview

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 Market Growth Analysis Driver 

New product launches in the industry are notably driving market growth. The demand for substitutes is growing among consumers, owing to their increasing health consciousness and concerns about the environment. Animal meat production is responsible for the emission of a significant amount of greenhouse gases. For instance, for every gram of beef produced, 221 grams of carbon dioxide are emitted. To meet the growing demand for alternatives across the globe, vendors are launching new products. Successful product launches help to increase the revenue stream and market presence of vendors. 

For instance, in October 2022, Delightful Gourmet Pvt Ltd. launched a plant-based meat range uncrave. Similarly, In September 2021, BlueTribe, India's leading plant-based brand partnered with Natures Basket Ltd. and launched a new category of plant-based products that cater to the changing lifestyle and the growing needs of new-age consumers. Thus, the increase in the number of product launches will drive the growth of the market during the forecast period.

 Market Growth and Trends 

An increasing number of mergers and acquisitions and strategic partnerships in industry is an emerging trend shaping the market growth. The increasing number of mergers and acquisitions (M&A) and strategic partnerships between vendors is one of the positive trends that can influence the growth of the market during the forecast period. M and A allows companies to expand into new markets, gain a competitive edge over their competitors, and acquire new technologies and skill sets. Some significant M&A and strategic partnerships in the market. 

For instance, in February 2023, U.S.-based manufacturer MORINAGA and CO. LTD acquired Tofurky, a leading manufacturer of plant-based meats in the US. Thus, the increasing number of mergers and acquisitions among market players is expected to boost the growth of the market during the forecast period.

Market Challenge 

The relatively high price of meat substitutes is a significant challenge hindering market growth. Plant-based food is good for one's health, but not so much financially. There have been reports of consumers switching to meat substitutes due to the soaring prices of meat. Substitutes cost the same as meat, even more, expensive than meat sometimes. Price is a common factor in consumer decision-making, particularly when it comes to regular or everyday food purchases. Price-conscious consumers may be less likely to adopt meat alternatives if they are thought to be more expensive than traditional meat. 

Moreover, many diets still include conventional meat, so the market for meat alternatives must persuade consumers to switch based on aspects such as taste, sustainability, and health advantages. Expensive costs might make this conversion more challenging. Price challenges faced by many meat substitute manufacturers influence the overall market. These challenges tend to decelerate the growth of the market during the forecast period.

Market Segmentation by Product Type

The market is projected to grow owing to the characteristics of soy that resemble meat; for instance, consistency, taste, and the health benefits associated with soy. Soy used in alternatives is extracted from soya beans and has received increased attention in recent years owing to the multiple health benefits associated with it. It is possible to process soy proteins to resemble meat's fibrous texture. Manufacturers include soy and soy products such as tofu as major ingredients in their products. Soy has a texture and tastes very close to that of beef. The application of soy in the market has been segmented into functional foods like burgers, patties, hot dogs, sausages, and other snacks. With more people embracing veganism and vegetarianism, the soy-based alternatives demand will grow, which, in turn, will boost the growth of the market during the forecast period.

Market Segmentation by Application

The market share growth by the retail segment will be significant during the forecast period. The high demand for meat substitutes through the retail segment is a significant trend driven by various factors, including changing consumer preferences, health considerations, environmental concerns, and the increasing availability of diverse and high-quality products. Many traditional grocery stores and supermarkets have responded to consumer demand by expanding their selection of meat substitute products.

The retail segment was the largest and was valued at USD 2.78 billion in 2018.

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Further, the market for meat alternatives is seeing constant innovation as businesses create a broad range of goods that nearly replicate the flavor and texture of real meat. Customers searching for options that fit their dietary requirements and preferences will find this variety appealing. Retailers and producers of meat alternatives are working together more to make these products more widely available. Customers now have more access to a wider range of meat alternatives when they go grocery shopping regularly because more stores are carrying these products. Retailers may offer a greater selection of meat alternatives with global influences as consumers embrace a diversity of global flavors and culinary experiences. This variety has the potential to draw in more clients. Retailers often promote products through in-store displays, discounts, and marketing campaigns, which are expected to boost the growth of the market during the forecast period.

Key Regions for the Market

Europe is estimated to contribute 40% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in Europe is expected to grow significantly, which is driven by the popularity of plant-based protein products and an increase in health consciousness among consumers. The increasing number of product launches and the entry of new players will drive the market trends and analysis of the market in Europe. Owing to the rising number of people following the vegan lifestyle, the demand is increasing in Europe. Thus, the increasing number of product launches and investments will drive the growth of the market in Europe during the forecast period. 

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

  • Key Offering-  Kellogg Co. - The company offers meat substitutes in the form of plant based meat products such as chicken tenders and beef ground under the brand Incogmeato, in partnership with MorningStar Farms.
  • Key Offering- Kerry Group Plc - The company offers meat substitutes in the form of plant based meat products such as sausages and nuggets under the brand Radicle.

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including Archer Daniels Midland Co., Beyond Meat Inc., Blue Tribe, Conagra Brands Inc., Continental Coffee Pvt. Ltd., Delightful Gourmet Pvt. Ltd., Hormel Foods Corp., Impossible Foods Inc., International Flavors and Fragrances Inc., Kellogg Co., Kerry Group Plc, Lightlife Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., Morinaga and Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, New Wave Foods, Redefine Meat Ltd., Spencers Retail, Sunfed, Tata Consumer Products Ltd., The Jackfruit Co., The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, V2 Food Pty Ltd., and Wicked Kitchen Inc.

The market analysis and report of qualitative and quantitative analysis of companies have been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players along with market research and growth. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The global meat substitutes market is burgeoning, driven by concerns over animal farming practices, animal welfare, and health issues associated with animal products. Plant-based meat substitutes offer a solution to address health concerns related to non-communicable diseases, digestive problems, and obesity, catering to the growing demand for vegan diets among Gen Z and millennials. Innovations like cholesterol-free proteins and mouthfeel attributes in products by companies like Next Meats and Vegan Meat India are reshaping the market.

Emphasizing whole veggies, grains, and transparent ingredient lists with third-party certificates, products are increasingly Non-GMO, gluten-free, and kosher. With a focus on functional ingredients and lab-grown meat, outlets ranging from restaurants to lounges and hotels offer plant-based protein menu innovations, including plant protein lattes, burgers, and meal kits, appealing to flexitarian consumers worldwide.

Segment Overview

The research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Distribution Channel Outlook
    • Retail
    • Foodservice
  • Product Type Outlook
    • Soy-based
    • Wheat-based
    • Mycoprotein-based
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Meat Substitutes Market Scope

Report Coverage

Details

Page number

174

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.98%

Market Growth 2024-2028

USD 4.41 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

10.9

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 40%

Key countries

US, Canada, Australia, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Archer Daniels Midland Co., Beyond Meat Inc., Blue Tribe, Conagra Brands Inc., Continental Coffee Pvt. Ltd., Delightful Gourmet Pvt. Ltd., Hormel Foods Corp., Impossible Foods Inc., International Flavors and Fragrances Inc., Kellogg Co., Kerry Group Plc, Lightlife Foods Inc., Maple Leaf Foods Inc., Monde Nissin Corp., Morinaga and Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, New Wave Foods, Redefine Meat Ltd., Spencers Retail, Sunfed, Tata Consumer Products Ltd., The Jackfruit Co., The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, V2 Food Pty Ltd., and Wicked Kitchen Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global meat substitutes market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global meat substitutes market 2018 - 2022 ($ billion)
    • 4.2 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.3 Product Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Retail - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Retail - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Retail - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Retail - Year-over-year growth 2023-2028 (%)
    • 6.4 Foodservice - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Foodservice - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Foodservice - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Foodservice - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Foodservice - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

    7 Market Segmentation by Product Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Product Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Product Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Product Type
      • Exhibit 46: Chart on Comparison by Product Type
      • Exhibit 47: Data Table on Comparison by Product Type
    • 7.3 Soy-based - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Soy-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Soy-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Soy-based - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Soy-based - Year-over-year growth 2023-2028 (%)
    • 7.4 Wheat-based - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Wheat-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Wheat-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Wheat-based - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Wheat-based - Year-over-year growth 2023-2028 (%)
    • 7.5 Mycoprotein-based - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Mycoprotein-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Mycoprotein-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Mycoprotein-based - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Mycoprotein-based - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Product Type
      • Exhibit 64: Market opportunity by Product Type ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Product Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.10 Australia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Australia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Australia - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Beyond Meat Inc.
              • Exhibit 119: Beyond Meat Inc. - Overview
              • Exhibit 120: Beyond Meat Inc. - Product / Service
              • Exhibit 121: Beyond Meat Inc. - Key offerings
            • 12.4 Conagra Brands Inc.
              • Exhibit 122: Conagra Brands Inc. - Overview
              • Exhibit 123: Conagra Brands Inc. - Business segments
              • Exhibit 124: Conagra Brands Inc. - Key news
              • Exhibit 125: Conagra Brands Inc. - Key offerings
              • Exhibit 126: Conagra Brands Inc. - Segment focus
            • 12.5 Hormel Foods Corp.
              • Exhibit 127: Hormel Foods Corp. - Overview
              • Exhibit 128: Hormel Foods Corp. - Business segments
              • Exhibit 129: Hormel Foods Corp. - Key news
              • Exhibit 130: Hormel Foods Corp. - Key offerings
              • Exhibit 131: Hormel Foods Corp. - Segment focus
            • 12.6 Impossible Foods Inc.
              • Exhibit 132: Impossible Foods Inc. - Overview
              • Exhibit 133: Impossible Foods Inc. - Product / Service
              • Exhibit 134: Impossible Foods Inc. - Key offerings
            • 12.7 Kellogg Co.
              • Exhibit 135: Kellogg Co. - Overview
              • Exhibit 136: Kellogg Co. - Business segments
              • Exhibit 137: Kellogg Co. - Key news
              • Exhibit 138: Kellogg Co. - Key offerings
              • Exhibit 139: Kellogg Co. - Segment focus
            • 12.8 Kerry Group Plc
              • Exhibit 140: Kerry Group Plc - Overview
              • Exhibit 141: Kerry Group Plc - Business segments
              • Exhibit 142: Kerry Group Plc - Key news
              • Exhibit 143: Kerry Group Plc - Key offerings
              • Exhibit 144: Kerry Group Plc - Segment focus
            • 12.9 Maple Leaf Foods Inc.
              • Exhibit 145: Maple Leaf Foods Inc. - Overview
              • Exhibit 146: Maple Leaf Foods Inc. - Business segments
              • Exhibit 147: Maple Leaf Foods Inc. - Key offerings
              • Exhibit 148: Maple Leaf Foods Inc. - Segment focus
            • 12.10 Monde Nissin Corp.
              • Exhibit 149: Monde Nissin Corp. - Overview
              • Exhibit 150: Monde Nissin Corp. - Business segments
              • Exhibit 151: Monde Nissin Corp. - Key offerings
              • Exhibit 152: Monde Nissin Corp. - Segment focus
            • 12.11 Morinaga Milk Industry Co. Ltd.
              • Exhibit 153: Morinaga Milk Industry Co. Ltd. - Overview
              • Exhibit 154: Morinaga Milk Industry Co. Ltd. - Product / Service
              • Exhibit 155: Morinaga Milk Industry Co. Ltd. - Key offerings
            • 12.12 Nestle SA
              • Exhibit 156: Nestle SA - Overview
              • Exhibit 157: Nestle SA - Business segments
              • Exhibit 158: Nestle SA - Key news
              • Exhibit 159: Nestle SA - Key offerings
              • Exhibit 160: Nestle SA - Segment focus
            • 12.13 New Wave Foods
              • Exhibit 161: New Wave Foods - Overview
              • Exhibit 162: New Wave Foods - Product / Service
              • Exhibit 163: New Wave Foods - Key offerings
            • 12.14 The Kraft Heinz Co.
              • Exhibit 164: The Kraft Heinz Co. - Overview
              • Exhibit 165: The Kraft Heinz Co. - Business segments
              • Exhibit 166: The Kraft Heinz Co. - Key offerings
              • Exhibit 167: The Kraft Heinz Co. - Segment focus
            • 12.15 Tyson Foods Inc.
              • Exhibit 168: Tyson Foods Inc. - Overview
              • Exhibit 169: Tyson Foods Inc. - Business segments
              • Exhibit 170: Tyson Foods Inc. - Key offerings
              • Exhibit 171: Tyson Foods Inc. - Segment focus
            • 12.16 Unilever PLC
              • Exhibit 172: Unilever PLC - Overview
              • Exhibit 173: Unilever PLC - Business segments
              • Exhibit 174: Unilever PLC - Key news
              • Exhibit 175: Unilever PLC - Key offerings
              • Exhibit 176: Unilever PLC - Segment focus
            • 12.17 Wicked Kitchen Inc.
              • Exhibit 177: Wicked Kitchen Inc. - Overview
              • Exhibit 178: Wicked Kitchen Inc. - Product / Service
              • Exhibit 179: Wicked Kitchen Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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