China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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China Meat Substitutes Market Overview
The China meat substitutes market was valued at CNY2.6 billion ($386.5 million) in 2022 and is expected to grow at a CAGR of more than 4% during the period 2022-2027. Soy based was the largest category in 2022. However, the vegetable/plant-based category is forecast to register the fastest value growth during 2022–27.
China Meat Substitutes Market Outlook, (CNY Billion, 2022)
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The China meat substitutes market report provides an overview of the overall sector value and volume data with a growth analysis for 2017-2027. The report also offers value and growth analysis of individual segment share within each category and the change in their market share forecast for 2022-27
Market size 2022 | CNY2.6 billion ($386.5 million) |
CAGR % | >4% |
Review Period | 2017-2022 |
Forecast period | 2023-2027 |
Key Categories | · Soy-Based Meat Substitutes
· Grain-Based Meat Substitutes · Vegetable/Plant-Based Proteins |
Key Distribution Channel | · Hypermarkets & Supermarkets
· Convenience Stores · E-Retailers · Food & Drinks Specialists · Others |
Key competitors | · Shenzhen Qishan Food
· Beijing Ershang Xijie Food · Pulmuone · Morinaga Milk Industry |
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China Meat Substitutes Market, Segmentation by Categories
The key categories in the China meat substitute market are soy-based meat substitutes, grain-based meat substitutes, and vegetable/plant-based proteins. Soy based was the largest category in 2022, while the vegetable/plant based proteins category is forecast to register the fastest value growth during 2022–2027.
China Meat Substitutes Market, by Categories, 2022 (%)
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China Meat Substitutes Market, Segmentation by Distribution Channels
The key distribution channels in the China meat substitutes market are hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, and others. Hypermarkets & supermarkets was the leading distribution channel in the China meat substitutes sector in 2022, followed by convenience stores.
China Meat Substitutes Market, by Distribution Channel, 2022 (%)
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China Meat Substitutes Market - Competitive Landscape
Some of the key brands in the China meat substitutes market are Shenzhen Qishan Food, Beijing Ershang Xijie Food, Pulmuone, and Morinaga Milk Industry. Shenzhen Qishan Food International held the highest value share in 2022.
China Meat Substitutes Market, by Brands, 2022 (%)
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Segments Covered in the Report
China Meat Substitutes Market Outlook, Segmentation by Categories (Value, 2017-2027, CNY Billion)
- Soy-Based Meat Substitutes
- Grain-Based Meat Substitutes
- Vegetable/Plant-Based Proteins
China Meat Substitutes Market Outlook, Segmentation by Distribution Channels (Value, 2017-2027, CNY Billion)
- Hypermarkets & Supermarkets
- Convenience Stores
- E-Retailers
- Food & Drinks Specialists
- Others
Scope
- Sector data: Overall sector value and volume data with growth analysis for 2017-2027
- 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 2022-27
- Leading players: Market share of companies (in value terms) in 2022
- Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.
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 macro-economic 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 labor market and demographic trends
Beijing Ershang Xijie Food
Pulmuone
Morinaga Milk Industry
Table of Contents
Frequently asked questions
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What was the China meat substitutes market size in the year 2022?
The China meat substitutes market size was valued at CNY2.6 billion ($386.5 million) in 2022.
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What is the China meat substitutes market growth rate?
The China meat substitutes market is expected to grow at a CAGR of more than 4% during the period 2022-2027.
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Which was the leading category in China meat substitutes market in 2022?
Soy based category was the leading category in China meat substitutes sector in 2022.
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Which was the leading distribution channel in the China meat substitutes market in 2022?
Hypermarkets & supermarkets was the leading distribution channel in the China meat substitutes sector in 2022.
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Which are the key competitors in the China meat substitutes market?
Some of the key brands in the China meat substitutes market are Shenzhen Qishan Food, Beijing Ershang Xijie Food, Pulmuone, and Morinaga Milk Industry.
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