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)
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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 (%)
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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 (%)
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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 (%)
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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.
Conagra Brands Inc.
Beyond Meat Inc.
Maple Leaf Foods Inc.
Pulmuone Co. Ltd.
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Frequently asked questions
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What was the Americas meat substitutes market size in 2021?
The meat substitutes market size in Americas was valued at $2.49 billion in 2021.
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What is the Americas meat substitutes market growth rate?
The meat substitutes market in Americas is expected to achieve a CAGR of more than 12% during 2021-2026.
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What are the key countries in the Americas meat substitutes market?
Some of the key countries in the Americas meat substitutes market are Canada, the US, Brazil, Mexico, Argentina, Chile, and Puerto Rico.
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What are the key categories of the Americas meat substitutes market?
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).
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What are the key distribution channels of the Americas meat substitutes market?
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.
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Which are the leading companies in the Americas meat substitutes market?
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.
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