Meat Substitutes Market Size Worth $5.81 Billion by 2022 | CAGR 7.5%: Grand View Research, Inc.

The global meat substitutes market size is expected to reach USD 5.81 billion by 2022, according to a new report by Grand View Research, Inc. The market is expected to witness a healthy CAGR of 7.5% during the forecast period. Growing preference for vegan diet coupled with rising health awareness is expected to fuel market demand in the near future.

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Soy-based meat substitutes led the global market in the past. Wheat-based raw materials are expected to register the highest CAGR from 2015 to 2022, followed by mycoprotein and soy-based meat substitutes. Textured Vegetable Protein (TVP) is the most popular meat substitute, which led the market. However, wheat-based meat substitutes, such as seitan, are expected to experience the maximum CAGR through 2022.

Among the multiple applications, seitan is presumed to witness the fastest growth over the forecast period. The Asia Pacific and Central & South America regions are slated to see strong demand over the next seven years. Europe has been the dominant market for meat substitutes and is presumed to maintain the trend over the forecast years.

On the other hand, regulations and directives related to meat substitute composition and specifications are anticipated to impact the market growth to some extent. Variations and complexities in the regional rules are presumed to have a negative impact on the global, as well as regional markets. However, regulations issued by agencies, such as FDA and FSIS, are anticipated to play a vital role in shaping the global meat substitutes market over the forecast period.

Browse full research report with TOC on Meat Substitutes Market Size, Share & Trends Analysis Report By Product (Tofu, Seitan, Tempeh, Quorn), By Raw Material (Soy-based, Wheat-based, Mycoprotein), By Region, And Segment Forecasts, 2012 – 2022 at:

Further Key Findings From the Report Suggest: 

  • Europe emerged as the largest market and generated revenue of USD 1.40 billion in 2014. It is anticipated to expand at a CAGR of 7.5% over the forecast period
  • Wheat-based protein is forecast to reach USD 308.3 million by 2022 with a CAGR of 9.9% from 2015 to 2022
  • Seitan is anticipated to emerge as the fastest-growing segment and is likely to register a CAGR of 10.2% over the forecast years
  • Industry rivalry is bound to remain medium over the forecast period owing to a handful of market participants. Some of the market participants are Amy”s Kitchen, Inc.; Beyond Meat; Vbites Foods Ltd.; Blue Chip Group; MorningStar Farms; Cauldron Foods; and MGP Ingredients, Inc.

Browse related reports by Grand View Research: 

  • Canned Seafood Market The global canned seafood market size was estimated at USD 21.50 Billion in 2016. 
  • Cold Storage Market The global cold storage market size was valued at USD 73.96 billion in 2016. 
  • Craft Soda Market – The global craft soda market size was valued at USD 537.9 million in 2016.
  • Energy Drinks Market The global energy drinks market was valued at USD 43 billion in 2016. 

Grand View Research has segmented the global meat substitutes market on the basis of product, raw material, and region: 

  • Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2012 – 2022) 
    • Soy-based
    • Wheat-based
    • Mycoprotein
    • Others
  • Meat Substitutes Product Outlook (Revenue, USD Million, 2012 – 2022) 
    • Tofu
    • Tofu-based
    • Tempeh
    • Textured Vegetable Protein (TVP)
    • Other Soy Products
    • Seitan
    • Quorn
    • Others
  • Meat Substitutes Regional Outlook (Revenue, USD Million, 2012 – 2022) 
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
    • Middle East and Africa

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519


SAN FRANCISCO, September 13, 2018 /PRNewswire/ —

EXPO 2017 Astana Delegation Represented Kazakhstan at India International Travel Mart

JSC National company ‘Astana EXPO-2017’ delegation made a working visit to the city of Bangalore, India. Representatives of the national company visited India International Travel Mart exhibition, where they presented the EXPO 2017 Astana complex of facilities to journalists and leading Indian travel agencies. Moreover, members of the delegation met with the Minister for Tourism & Sericulture Govt. of Karnataka, Sri. SA. RA. Mahesh; Minister of Skills Development & Vocational Training of Sri Lanka John Amarathunga and Minister (Commercial) of the Democratic Social republic of Sri Lanka Yasantha De Silva Yaddehi.

Astana EXPO exhibition has already become the new symbol of the Kazakh capital. The unique architectural site is attracting citizens of Kazakhstan as well as foreign visitors to the world’s youngest capital city. For this reason, tourism development is among top-priority aspects in preservation of the exhibition’s legacy.

During the presentation of opportunities offered by the facilities of EXPO 2017 legacy at India International Travel Mart, a compelling point was made regarding the potential for the development of tourism in Kazakhstan, its main attractive features both for tourists from all over the world and the business community.

A representative of JSC National company ‘Astana EXPO-2017’ noted that Kazakhstan is actively engaged in expanding its travel potential. Everyone now realizes that tourism plays enormous role for the country’s economy and its image on global stage.

This visit followed previously established relationships between the two countries. In 2017, India was among the participants of the International Specialized Exposition EXPO 2017 held in Astana. Besides, in 2015, EXPO commissioner Rapil Zhoshibaev travelled to India with a working visit. The Kazakh delegation headed by Mr. Zhoshibaev discussed various issues related to cooperation in the spheres of tourism and commerce.

Currently, the complex of EXPO 2017 facilities is an architectural landmark and a symbol of Astana. The complex is developing comprehensively, being smoothly integrated into the city structure. On July 5, opening ceremony of the Astana International Financial Center took place on EXPO 2017 premises with the participation of the President of Kazakhstan Nursultan Nazarbayev. It will become the new business center of Astana, and will bring even more international companies to Kazakhstan. Other important projects implemented at EXPO 2017 facilities are the Astana Hub and the IT University, the Center for Green Technologies, a business center and the congress and exhibition venue. The complex is ready to host international events of any level and complexity.

ASTANA, Kazakhstan, July 30, 2018 /PRNewswire/ —

Iconic Address Downtown Opens Doors to Hotel Guests

Address Downtown, the flagship hotel under Emaar Hospitality Group”s premium lifestyle Address Hotels + Resorts, has opened its doors to hotel guests marking the arrival of Dubai”s much-loved destination, popular among visitors from across the world.

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Address Downtown has opened with several innovative features including new restaurant concepts, more rooms and suites, The Spa at Address Downtown, and a brand-new interior design. With 220 guest rooms and suites, Address Downtown will add more features in the coming days.

Olivier Harnisch, CEO of Emaar Hospitality Group, said: ‘Address Downtown holds a special place in the hearts of all discerning travellers and guests. We are bringing to life a crowning glory in our hotel assets upholding the distinctive positioning of ”where life happens”.’

At 302 metres in 63 levels, Address Downtown is only 15 minutes from the Dubai International Airport. Set in the heart of Downtown Dubai, it is in walking distance of The Dubai Mall.

From the generosity of space to the rareness of finishes, the rooms and suites are equipped with high-speed Wi-Fi, interactive TVs, room automation and entertainment interface. Guests can choose from 16 immaculately appointed room and suite choices.

The hotel is introducing its popular The Restaurant at Address Downtown, designed as an avant-garde French apartment. Also, open are the Lounge, a social oasis, and Katana offering robatayaki-style cuisine.

Soon to open are The Galliard bringing Turkish flavours and inventive expressions of French and Spanish cuisine; and STK, an American steakhouse in the form of a contemporary lounge.

The Cigar Lounge is a connoisseur”s regal retreat and the Club Lounge, exclusively for guests in the Club Suites and Rooms, offers international cuisine and complimentary beverages. Neos, the ultra-luxury lounge on Level 63, and Zeta, an al fresco outlet will open shortly.

Address Downtown has a selection of meeting venues while rejuvenating treatments ensure the delicate balance between body and mind at The Spa at Address Downtown. The hotel”s classic refinement and modern sophistication ensure its stand-out appeal. Bearing the hallmarks of great public spaces throughout the world, the lobby is marked by fine architectural detailing and offers hand-crafted accessories.

Emaar Hospitality Group also operates Address Boulevard, Address Dubai Mall, Palace Downtown, Vida Downtown and Manzil Downtown in Downtown Dubai. Bookings can be made online at


For details, contact: 

Kelly Home

DUBAI, UAE, June 4, 2018 /PRNewswire/ —