Exploring the Meat Substitute Market: A Comprehensive Overview
Food & Beverages Processing|MAY - 2023
According to the Adroit Market Research estimations, the global meat substitute market size was valued at US$ 1.98 billion in 2021 and is projected to reach US$ 5.07 billion by 2029, registering a CAGR of 16.03% from 2021 to 2029.
Exploring the Meat Substitute Market: A Comprehensive Overview

Advanced meat replacements were made possible by the discovery of soy protein isolate around the turn of the 20th century. Products like TVP textured vegetable protein) and Quorn, produced from fermented fungus, were launched as meat substitutes in the 1950s and 1960s. Concerns about health, animal welfare, and the environment have all contributed to the rise in popularity of meat alternatives in the twenty-first century. Plant-based burgers and other meat alternatives have become quite popular, even among meat aficionados, thanks to businesses like Beyond Meat and Impossible Foods. As the market for meat replacements expands, future advancements in food technology are expected to result in the creation of increasingly more sophisticated and practical meat substitutes.

Products that mimic the flavour, texture, and look of meat but are created from plant-based materials are referred to as meat substitutes. They are generally created to give vegetarians and vegans, as

well as those who desire to consume less meat for health or environmental reasons, a protein-rich, meat-like sensation. Numerous plant-based substances, such as soy, wheat, pea protein, mushrooms, and jackfruit, can be used to create meat replacements. To make sure they offer a meat replacement that is nutritionally balanced, they are frequently fortified with vitamins and minerals. Just a few of the dishes that may be cooked with meat substitutes include stews, meatballs, meatball sandwiches, and hamburgers. With rising worries about the ethical, environmental, and health effects of eating meat, meat alternatives have gained popularity in recent years.

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