Canada 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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The Canada meat substitutes market size was valued at CAD499.1 million ($398.1 million) in 2021. The market is expected to achieve a CAGR of more than 7% during 2021-2026. The Canada meat substitutes market research report provides insights on high-growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data, and companies’ market shares.
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Canada Meat Substitutes Market Segmentation by Category
The key categories in the Canada meat substitutes market are soy-based meat substitutes, vegetable/plant-based proteins, grain-based meat substitutes, and single cell protein (fungi/algae). The Canadian meat substitutes market was led by soy-based meat substitutes in value terms in 2021. The vegetable/plant-based proteins category is forecast to register the fastest value growth during 2021-2026.
Grain-Based Meat Substitutes: The report offers a value analysis of grain-based meat substitutes such as seitan.
Soy-Based Meat Substitutes: Soy-based meat substitutes category can be further segmented into tofu.
Single Cell Protein: Single cell protein can be further segmented into fungi (Mycoprotein).
Vegetable/Plant-Based Proteins: The report further categorizes vegetable/plant-based proteins into legume-based, pea-based, and yam/sweet potato, among others.
Canada Meat Substitutes Market Analysis, by Categories
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Canada Meat Substitutes Market Segmentation by Distribution Channel
The key distribution channels in the Canada meat substitutes market are hypermarkets & supermarkets, convenience stores, e-retailers, and food & drinks specialists. Hypermarkets & supermarkets was the leading distribution channel in the Canadian meat substitutes market in 2021.
Canada Meat Substitutes Market Analysis, by Distribution Channels
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Competitive Landscape
The leading players in the Canada meat substitutes market are Conagra Brands, Inc, Cultures for Health, Sunrise Soya Foods, Maple Leaf Foods Inc., and The Tofurky Company, Inc. Conagra Brands had the highest market share in the Canada meat substitutes market in 2021.
Canada Meat Substitutes Market Analysis, by Leading Players
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Canada Meat Substitutes Market Overview
Market Size 2021 | CAD499.1 million ($398.1 million) |
CAGR (2021-2026) | >7% |
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, and Food & Drinks Specialists |
Leading Players | Conagra Brands, Inc, Cultures for Health, Sunrise Soya Foods, Maple Leaf Foods Inc., and The Tofurky Company, Inc |
Key Highlights
- Per capita consumption and per capita expenditure of meat substitute was lower in Canada than at both the global and regional levels in 2021.
- The per capita consumption of soy-based meat substitute was higher than vegetable/plant-based proteins, single cell protein (fungi/algae), and grain-based in Canada in 2021.
- Hypermarkets & supermarkets is the leading distribution channel in the Canada meat substitute sector.
- The vegetable/plant-based proteins category is forecast to register the fastest value growth during 2021-2026.
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, and 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.
Cultures for Health
Sunrise Soya Foods
Maple Leaf Foods Inc.
The Tofurky Company, Inc
Sol Cuisine
VG Gourmet
Happy Veggie World
Tofutown.com GmbH
Alami Foods, Ltd
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Frequently asked questions
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What was the Canada meat substitutes market size in 2021?
The meat substitutes market size in Canada was valued at CAD499.1 million ($398.1 million) in 2021.
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What is the Canada meat substitutes market growth rate?
The meat substitutes market in Canada is expected to achieve a CAGR of more than 7% during 2021-2026.
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What are the key categories of the Canada meat substitutes market?
The key categories in the Canadian 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 Canada meat substitutes market?
The key distribution channels in the Canadian meat substitutes market are hypermarkets & supermarkets, convenience stores, e-retailers, and food & drinks specialists.
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Who are the leading players in the Canada meat substitutes market?
The leading players in the Canada meat substitutes market are Conagra Brands, Inc, Cultures for Health, Sunrise Soya Foods, Maple Leaf Foods Inc., and The Tofurky Company, Inc.
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