US Meat Substitutes Market Share, Trends, Revenue, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033

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US Meat Substitutes Market Share, Trends, Revenue, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033: SPER Market Research


 Category : Food & Beverages

 Published: Nov-2024
 Author: SPER Analyst


United States Meat Substitutes Market is projected to be worth USD 5.76 billion by 2033 and is anticipated to surge at a CAGR of 11.17%.

"Meat substitutes" are products made entirely of plant-based components or other protein sources that are designed to taste, feel, and look like traditional animal meats. These substitutes usually consist of ingredients such as soy, wheat gluten, pea protein, or mycoprotein, which is derived from fungus like Quorn. Meat substitutes that give consumers familiar meal options without relying on animal products include burgers, sausages, nuggets, and ground meat alternatives.

United States Meat Substitutes Market Driving Factors and Challenges

Drivers: The primary factors driving the sales growth are the growing awareness of the negative health effects of eating meat and the expanded availability of plant-based protein alternatives in most distribution areas across the country. In 2022, approximately 69% of Americans who ate plant-based diets purchased beef-style alternative burgers. The most widely used meat substitute in the US during the study period was textured vegetable protein. TVP is now the main ingredient in meat substitutes, even though it has long been a part of meat and plant-based diets.

Furthermore, Food tastes among consumers are changing dramatically on a global scale. The necessity to maintain a healthy lifestyle and have a balanced approach to protein intake is becoming more widely recognized. Therefore, in order to maintain their health and fitness for a long time, consumers are taking a proactive stance and increasing their protein intake. As a result, they are eating better and consuming more plant-based protein.


Challenges: There are a number of challenges facing the US meat replacements sector that could hinder its expansion and uptake. Consumer perception is a major obstacle since some people are still dubious about the flavor and texture of plant-based substitutes for conventional meat. Another issue is price sensitivity; many meat alternatives are more costly than traditional meat, which may put off consumers on a tight budget. Furthermore, the market is getting more and more competitive as more brands enter it, which causes market saturation and makes it harder to differentiate items. The situation is made more difficult by supply chain problems, such as locating high-quality ingredients and sustaining steady production levels.

Impact of COVID-19 on United States Meat Substitutes Market
The COVID-19 pandemic had a significant effect on the US meat substitute market, which expanded more quickly as a result of altered consumer behavior and supply chain disruptions. As meat processing facilities faced closures and shortages, many consumers turned to plant-based substitutes as a reliable source of protein. This trend, which was further fueled by rising environmental and health concern, led to an increase in demand for sustainable and healthier food options. Retail sales of meat substitutes increased dramatically as businesses evolved to meet the shifting preferences of consumers looking for convenience and variety. Consequently, in addition to driving up sales, the pandemic caused a long-term change in eating habits that solidified plant-based proteins as a staple of the American diet.

United States Meat Substitutes Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Amy's Kitchen Inc., Beyond Meat Inc., Conagra Brands Inc., Hormel Foods Corporation, Impossible Foods Inc., Maple Leaf Foods, The Campbell Soup Company, The Hain Celestial Group, Inc., The Kellogg Company, The Kraft Heinz Company, and Wicked Foods, Inc., along with a category for Others.


United States Meat Substitutes Market Segmentation:

By Type: Based on the Type, United States Meat Substitutes Market is segmented as; Tempeh, Textured Vegetable Protein, Tofu, Others.

By Distribution Channel: Based on the Distribution Channel, United States Meat Substitutes Market is segmented as; Off-Trade, On-Trade.

By Region: This research also includes data for Eastern region, Western region, Southern region, Northern region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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