Americas Meat Substitutes Market Size, Competitive Landscape, Country Analysis, Distribution Channel, Packaging Formats and Forecast, 2016-2026

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The Americas meat substitutes market size was valued at $2.49 billion in 2021 and is expected to achieve a CAGR of more than 12% during 2021-2026. The Americas was the largest market for meat substitutes in 2021. Based on the relative performance of countries on multiple metrics, the US, Canada, Argentina, and Chile were shortlisted as high-potential countries, primarily due to the large market size, projected high-value growth rates, and rising per capita value growth levels.

Americas Meat Substitutes Market Outlook, 2021–2026 ($ Billion)

Americas Meat Substitutes Market Outlook

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The Americas meat substitutes market research report brings together multiple data sources to provide a comprehensive overview of the Americas meat substitutes sector. It includes a market overview, high-growth country analysis, top companies, key distribution channels, and case studies.

Market Size 2021 $2.49 billion
CAGR (2021-2026) >12%
Key Countries Canada, the US, Brazil, Mexico, Argentina, Chile, and Puerto Rico
Key Categories Soy-Based Meat Substitutes, Vegetable/Plant-Based Proteins, Grain-Based Meat Substitutes, and Single Cell Protein (Fungi/Algae)
Key Distribution Channels Hypermarkets & Supermarkets, Convenience Stores, E-Retailers, Food & Drinks Specialists, and Cash & Carries & Warehouse Clubs
Leading Companies The Kellogg Company, Conagra Brands Inc., Beyond Meat Inc., Maple Leaf Foods Inc., and Pulmuone Co. Ltd
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Americas Meat Substitutes Market Segmentation by Countries

Some of the key countries in the Americas meat substitutes market are Canada, the US, Brazil, Mexico, Argentina, Chile, and Puerto Rico. Canada and the US are the key markets in the Americas meat substitutes sector. The heightened health & wellness and environmental concerns among consumers is likely to fuel the meat substitutes market growth in the US. Furthermore, consumers continue to look for products that are convenient to use and time-saving as they lead busy lives in the US. This drives the demand for on-the-go and convenient food products in the country.

The growth of Americas meat substitutes market in Canada will primarily be driven by the increasing disposable income of Canadian consumers and their rising health awareness. Growing awareness about healthy eating is also driving the demand for meat substitutes with ‘low fat’ or ‘low cholesterol’ claims in Canada.

Americas Meat Substitutes Market Segmentation by Category

The key categories in the Americas meat substitutes market are soy-based meat substitutes, vegetable/plant-based proteins, grain-based meat substitutes, and single cell protein (fungi/algae). In 2021, the soy-based category accounted for the largest value share while the soy-based and vegetable/plant-based proteins categories are expected to register the fastest value CAGR over 2021–26.

Americas Meat Substitutes Market Analysis by Categories, 2021 (%)

Americas Meat Substitutes Market Analysis, by Categories

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Americas Meat Substitutes Market Segmentation by Distribution Channel

The key distribution channels in the Americas meat substitutes market are hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, and cash & carries & warehouse clubs. Hypermarkets & supermarkets was the leading distribution channel in the Americas meat substitutes market in 2021, followed by convenience stores.

Americas Meat Substitutes Market Analysis by Distribution Channels, 2021 (%)

Americas Meat Substitutes Market Analysis, by Distribution Channels

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Americas Meat Substitutes Market - Competitive Landscape

The leading companies in the Americas meat substitutes market are The Kellogg Company, Conagra Brands Inc., Beyond Meat Inc., Maple Leaf Foods Inc., and Pulmuone Co. Ltd. The Kellogg Company led the Americas meat substitutes sector in 2021.

Americas Meat Substitutes Market Analysis by Companies, 2021 (%)

Americas Meat Substitutes Market Analysis, by Companies

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Scope

This report provides:

  • Sector size, market size, and growth analysis by category.
  • Indication of changing share of value consumption in various meat substitute categories across high-potential countries in the Americas region. It also provides a risk-reward analysis of four countries across the Americas based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure.
  • The overview and key trends across high-potential countries.
  • Some of the most compelling meat substitute manufacturers, brands, products, and marketing campaigns in the Americas region. It also provides a better understanding of how a certain manufacturer achieved success in the sector and insights.
  • An overview of leading companies in the Americas region, besides analyzing the growth of private labels in the region.
  • Analysis of the leading distribution channels in the Americas meat substitutes sector in 2021. It covers hypermarkets & supermarkets, e-retailers, department stores, convenience stores, “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, and others.
  • The challenges and future outlook pertaining to the Americas meat substitutes sector.

Reasons to Buy

  • Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region than can help companies in revenue expansion.
  • To gain competitive intelligence about leading companies in the sector in the region with information about their market share and growth rates.

The Kellogg Company
Conagra Brands Inc.
Beyond Meat Inc.
Maple Leaf Foods Inc.
Pulmuone Co. Ltd.

Table of Contents

Table of Contents

Executive Summary

Part 1: Market Environment

Market Size Analysis – The Americas Compared to Other Regions

Value And Volume Growth Analysis by Region

The Americas Market Growth Analysis by Country

The Americas Market Growth Analysis by Category

Part 2: High-potential Countries’ Analysis

Methodology – Identifying High-potential Countries

Top Four High-potential Countries In The Americas

Overview Of High-potential Countries In The Americas

Growth Contribution Analysis by Country

Value Share Analysis Of Meat Substitutes Sector Compared to Other Food Sectors

Change In Consumption Levels by Country And Category

Per Capita Consumption Analysis

Per Capita Expenditure Analysis

Part 3: Country Deep Dive

Overview Of the US Meat Substitutes Sector

Key Trends In the US Meat Substitutes Sector

Overview Of Canadian Meat Substitutes Sector

Key Trends In Canadian Meat Substitutes Sector

Overview Of Argentine Meat Substitutes Sector

Key Trends In Argentine Meat Substitutes Sector

Overview Of Chilean Meat Substitutes Sector

Key Trends In Chilean Meat Substitutes Sector

Part 4: Success Stories

About Case Studies

Case Study: Plant-Based Pâté by Plant Craft

Case Study: Very Good Dog by The Very Good Butchers

Case Study: Beyond Sausage by Beyond Meat, Inc.

Part 5: Competitive Environment

Leading Companies’ Share In The Americas Meat Substitutes Sector

Brand Share Analysis Of Top Five Companies

Leading Companies In The Americas Meat Substitutes Sector

Leading Brands In The Americas Meat Substitutes Sector

Private Label Penetration In The Americas Meat Substitutes Sector

Part 7: Distribution Analysis

Leading Distribution Channels by Country

Leading Distribution Channels by Category

Part 9: Challenges And Future Outlook

Key Challenges In The Americas Meat Substitutes Sector

Future Outlook In The Americas Meat Substitutes Sector

Appendix

Definitions

About Globaldata

Table

List of Tables

Regional comparison: Market size, growth, and per capita analysis, 2021-26

Overview of high-potential countries in the Americas

Value share of meat substitutes sector as a proportion of overall food by country, 2021

Change in consumption of category within meat substitutes sector (value terms), by country, 2021-26

Top five companies’ share by brand (in value terms) in meat substitutes sector, 2021

Private label penetration (in value terms) in meat substitutes sector, 2021

Leading distribution channels in the Americas by country, 2021

Leading distribution channels in the Americas by category, 2021

Figures

List of Figures

Annual value growth analysis by region, 2021-26

Annual volume growth analysis by region, 2021-26

Category value growth analysis of countries compared to regional average growth

Country value size and CAGR analysis grid based on regional average

Value and volume growth analysis by category in the Americas, 2021-26

Country-level contribution to the growth of the gain based in the Americas, 2021-26

Country-level contribution to the growth of the single cell protein (fungi/algae) category in the Americas, 2021-26

Country-level contribution to the growth of the soy based category in the Americas, 2021-26

Country-level contribution to the growth of the vegetable/plant based proteins category in the Americas, 2021-26

Per capita consumption by category in the Americas by country, 2021

Per capita expenditure by category in the Americas by country, 2021

The US: category share, 2021

Canada: category share, 2021

Argentina: category share, 2021

Chile: category share, 2021

Leading companies in the Americas meat substitutes sector by value sales (% share), 2021

Leading companies in the Americas meat substitutes sector by value sales ($ million), 2021

Leading brands (including private label) in the Americas meat substitutes sector by value sales ($ million), 2021

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