The global revenue change in the 'Meat Substitutes' segment of the food market was forecast to decrease between 2024 and 2029 by in total one percentage points. This overall decrease does not happen continuously, notably not in 2027 and 2029. The revenue change is estimated to amount to 8.69 percent in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Meat Substitutes market covers all types of meat-like products that approximate certain aesthetic qualities (primarily texture, flavor, and appearance) or chemical characteristics of a specific meat. The Meat Substitutes market includes plant-based meat and vegetarian meat. Plant-based meat includes meat made from plants, such as soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a variety of nuts. Vegetarian meat contains non-vegan ingredients, such as egg and dairy. Examples of meat substitutes included in this segment are plant-based and vegetarian meat in the form of nuggets, minced meat, burger patties, sausages, and the like.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (December 3, 2024). Revenue growth of the meat substitutes market worldwide from 2020 to 2029 [Graph]. In Statista. Retrieved December 13, 2024, from https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth
Statista. "Revenue growth of the meat substitutes market worldwide from 2020 to 2029." Chart. December 3, 2024. Statista. Accessed December 13, 2024. https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth
Statista. (2024). Revenue growth of the meat substitutes market worldwide from 2020 to 2029. Statista. Statista Inc.. Accessed: December 13, 2024. https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth
Statista. "Revenue Growth of The Meat Substitutes Market Worldwide from 2020 to 2029." Statista, Statista Inc., 3 Dec 2024, https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth
Statista, Revenue growth of the meat substitutes market worldwide from 2020 to 2029 Statista, https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth (last visited December 13, 2024)
Revenue growth of the meat substitutes market worldwide from 2020 to 2029 [Graph], Statista, December 3, 2024. [Online]. Available: https://www.statista.com/forecasts/1276455/worldwide-meat-substitute-market-revenue-growth