Australia Meat Substitutes Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026
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Australia Meat Substitutes Market Overview
The Australia meat substitutes market was valued at AUD200.3 million ($150.5 million) in 2021 and is expected to grow at a CAGR of more than 15% during the period 2021-2026. Soy based was the largest category in 2021. Per capita consumption of meat substitutes in Australia increased in 2021, which was higher than the global level.
Australia Meat Substitutes Market Outlook, (AUD Million, 2021)
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The Australia meat substitutes market report provides an overview of the overall sector value and volume data with growth analysis from 2016-2026. The report also offers value and growth analysis of individual segment share within each category and the change in their market share forecast for 2021-2026.
Market size 2021 | AUD200.3 million ($150.5 million) |
CAGR % | >15% |
Review Period | 2016-2021 |
Forecast period | 2022-2026 |
Key Category
|
· Soy-Based Meat Substitutes
· Grain-Based Meat Substitutes · Single Cell Protein (Fungi/Algae) · Vegetable/Plant Based Proteins |
Key Distribution Channel | · Hypermarkets & Supermarkets
· Convenience Stores · E-Retailers · Food & Drinks Specialists · Others |
Major Players | · Monde Nissin Corporation
· Conagra Brands, Inc · Life Health Foods · Suzy Spoon’s Vegetarian Butcher · Maple Leaf Foods Inc |
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Australia Meat Substitutes Market Segmentation by Categories
The key categories in the Australia meat substitute market are vegetable/plant based proteins, soy-based meat substitutes, grain-based meat substitutes, and single cell protein (fungi/algae). Soy-based meat substitutes was the largest category in 2021. The single cell protein (Fungi/Algae) category is forecast to register the fastest value growth during 2021–2026.
Australia Meat Substitutes Market, by Categories, 2021 (%)
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Australia Meat Substitutes Market Segmentation by Distribution Channels
The key distribution channels in the Australia meat substitute market are hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, and others. Hypermarkets & supermarkets was the leading distribution channel in the Australia meat substitute sector in 2021, followed by convenience stores and food & drinks specialists.
Australia Meat Substitutes Market, by Distribution Channel, 2021 (%)
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Australia Meat Substitutes Market - Competitive Landscape
Some of the key brands in the Australia meat substitutes market are Monde Nissin Corporation, Conagra Brands, Inc, Life Health Foods, Suzy Spoon’s Vegetarian Butcher, and Maple Leaf Foods Inc. Monde Nissin Corporation had the highest share in the Australia meat substitute sector in 2021.
Australia Meat Substitutes Market, by Brands, 2021 (%)
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Segments Covered in the Report
Australia Meat Substitutes Market Outlook, by Categories (Value, 2016-2026, AUD Million)
- Soy-Based Meat Substitutes
- Grain-Based Meat Substitutes
- Single cell protein (fungi/algae)
- Vegetable/Plant Based Proteins
Australia Meat Substitutes Market Outlook, by Distribution Channels (Value, 2016-2026, AUD Million)
- Hypermarkets & Supermarkets
- Convenience Stores
- E-Retailers
- Food & Drinks Specialists
- Others
Scope
- Sector data: Overall sector value and volume data with growth analysis for 2016-2026
- Category coverage: Value and growth analysis for grain based, soy based, and vegetable/plant based proteins with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026.
- Leading players: Market share of companies (in value terms) in 2021
- Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2021.
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, employed people, and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Conagra Brands Inc
Life Health Foods
Suzy Spoon's Vegetarian Butcher
Maple Leaf Foods Inc.
Lamyong Vegetarian Health Food
VBites Foods Limited
A & T International
Tofutown.com GmbH
Fry Group Foods (Pty) Ltd
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Frequently asked questions
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What was the Australia meat substitutes market size in the year 2021?
The Australia meat substitutes market size was valued at AUD200.3 million ($150.5 million) in 2021.
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What is the Australia meat substitutes market growth rate?
The Australia meat substitutes market is expected to grow at a CAGR of more than 15% during the period 2021-2026.
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Which was the leading category in the Australia meat substitutes market in 2021?
Soy-based meat substitutes was the largest category in the Australia meat substitutes market in 2021.
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Which was the leading distribution channel in the Australia meat substitutes market in 2021?
Hypermarkets & supermarkets was the leading distribution channel in the Australia meat substitutes sector in 2021.
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Which are the key competitors in the Australia meat substitutes market?
Some of the key brands in the Australia meat substitutes market are Monde Nissin Corporation, Conagra Brands, Inc, Life Health Foods, Suzy Spoon’s Vegetarian Butcher, and Maple Leaf Foods Inc.
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