The revenue is forecast to experience significant growth in all regions in 2029. From the selected regions, the ranking by revenue in the 'Meat Substitutes' segment of the food market is forecast to be lead by the United States with 1.6 billion U.S. dollars. In contrast, the ranking is trailed by Mexico with 386.69 million U.S. dollars, recording a difference of 1.2 billion U.S. dollars to the United States.
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. (September 27, 2024). Meat substitute revenue in North America from 2019 to 2029, by country (in million U.S dollars) [Graph]. In Statista. Retrieved October 11, 2024, from https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country
Statista. "Meat substitute revenue in North America from 2019 to 2029, by country (in million U.S dollars)." Chart. September 27, 2024. Statista. Accessed October 11, 2024. https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country
Statista. (2024). Meat substitute revenue in North America from 2019 to 2029, by country (in million U.S dollars). Statista. Statista Inc.. Accessed: October 11, 2024. https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country
Statista. "Meat Substitute Revenue in North America from 2019 to 2029, by Country (in Million U.S Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country
Statista, Meat substitute revenue in North America from 2019 to 2029, by country (in million U.S dollars) Statista, https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country (last visited October 11, 2024)
Meat substitute revenue in North America from 2019 to 2029, by country (in million U.S dollars) [Graph], Statista, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1276581/north-america-meat-substitute-revenue-by-country