China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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. Per capita consumption of meat substitutes in China increased from 17.6 grams in 2017 to more than 28 grams in 2022, which was lower than both global level and regional level. However, per capita consumption of meat substitutes in China is expected to increase and reach more than 31 grams by 2027. Soy based was the largest category in 2022, however, the vegetable/plant-based category is forecast to register the fastest value growth during the forecast period.

China Meat Substitutes Market Outlook, (CNY Billion, 2022)

China Meat Substitutes Market Outlook, (CNY Billion, 2022)

Buy Full Report for More Insights on The China Meat Substitutes Market Report Overview, Download A Free Report Sample

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 2022-2027.

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

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

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 (%)

China Meat Substitutes Market, by Categories, 2022 (%)

Buy Full Report for More Insights on China Meat Substitutes Market Categories, Download A Free Report Sample

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 (%)

China Meat Substitutes Market, by Distribution Channel, 2022 (%)

Buy Full Report for More Insights on China Meat Substitutes Market Distribution Channel, Download A Free Report Sample

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 and held a value share of more than 29%. It offers products in the grain-based, soy-based, and vegetable/plant-based categories.

China Meat Substitutes Market, by Brands, 2022 (%)

China Meat Substitutes Market, by Brands, 2022 (%)

Buy Full Report for More Insights on Companies in the China Meat Substitutes Market, Download A Free Report Sample

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

Shenzhen Qishan Food
Beijing Ershang Xijie Food
Pulmuone
Morinaga Milk Industry

Table of Contents

  • 1. Executive Summary
  • 2. Market Environment

    • 2.1. Value and Volume Share of China in the Global and Asia-Pacific Markets
    • 2.2. Growth Analysis of China Compared to Other Leading Countries in the Asia-Pacific Market
    • 2.3. PCC and PCE of China Compared to the Global and Asia-Pacific Markets

  • 3. Sector Deep Dive

    • 3.1. China Meat substitutes Sector Snapshot
    • 3.2. Market Size Analysis
    • 3.3. Cross-category Comparison – Value Growth Analysis and Category Winners and Losers
    • 3.4. Cross-category Comparison – Volume Growth Analysis and Category Winners and Losers

  • 4. Category Deep Dive

    • 4.1. Per Capita Consumption Analysis by Category
    • 4.2. Market Size Analysis – Category: Grain-based
    • 4.3. Segment-Level Analysis (in Value Terms) – Grain-based
    • 4.4. Segment-Level Analysis (in Volume Terms) – Grain-based
    • 4.5. Market Size Analysis – Category: Soy based
    • 4.6. Segment-Level Analysis (in Value Terms) – Soy based
    • 4.7. Segment-Level Analysis (in Volume Terms) – Soy based
    • 4.8. Market Size Analysis – Category: Vegetable/Plant based proteins
    • 4.9. Segment-Level Analysis (in Value Terms) – Vegetable/Plant based proteins
    • 4.10. Segment-Level Analysis (in Volume Terms) – Vegetable/Plant based proteins

  • 5. Distribution Analysis

    • 5.1. Channel Share Analysis

  • 6. Competitive Environment

    • 6.1. Leading Companies Value Share
    • 6.2. Brand Share Analysis of Top Four Companies
    • 6.3. Brand Share Analysis of Top Companies by Category
    • 6.4. Degree of Consolidation/Fragmentation by Category

  • 7. Macroeconomic Analysis

    • 7.1. GDP Growth and Inflation
    • 7.2. Population Growth
    • 7.3. Labor Market Trend
    • 7.4. Economic Summary, Labor Market, and Demographic Trends
    • 7.5. China Risk Index (GCRI) 2022
    • 7.6. China Risk Analysis – Compared to Global and Asia-Pacific Markets

  • 8. Methodology

Table

Leading value categories

Fastest-growing segments (value), 2022

Cross-category comparison – by value (2017-27)

Cross-category comparison – by volume (2017-27)

Per capita consumption (by category), China compared to Asia-Pacific and global levels (in kg), 2022

Grain-based – value analysis by segment, 2017-27

Grain-based – volume analysis by segment, 2017-27

Soy based – value analysis by segment, 2017-27

Soy based – volume analysis by segment, 2017-27

Vegetable/plant-based proteins – value analysis by segment, 2017-27

Vegetable/plant-based proteins – volume analysis by segment, 2017-27

Change in distribution share, 2017-22

Top five companies share by brand (in value terms) in the meat substitutes sector, 2022

Brand shares of top five companies (in value terms) by category, 2022

Performance overview (score: 1-100)

Category data, by segment

Per capita consumption (in kg), 2017-27

Per capita expenditure ($), 2017-27

Meat substitutes sales distribution in China – by category (CNY million), 2022

Brand share (in value terms) in the meat substitutes sector, 2022

Brand share (in value terms) in the meat substitutes sector, by category, 2022

Real GDP and annual growth (%), 2019-27

Nominal GDP and annual growth (%), 2019-27

Consumer price inflation (%), 2019-27

Employed people and unemployment rate (%), 2019-27

Nominal household final consumption expenditure and annual growth (%), 2019-27

Population and annual growth (%), 2019-27

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Exchange rates, 2017-27

Figures

Value and volume share of China in the global and Asia-Pacific meat substitutes sector, 2022-27

China compared to other top countries in terms of market share, growth, and competitive landscape

PCC comparison – China, Asia-Pacific , and global, 2017-27

PCE comparison – China, Asia-Pacific , and global, 2017-27

Market size and growth analysis by value and volume, meat substitutes sector, 2017-27

Cross-category comparison – value growth analysis and category winners and losers

Cross-category comparison – volume growth analysis and category winners and losers

Market size and growth analysis by value and volume, grain-based category, 2017-27

Market size and growth analysis by value and volume, soy-based category, 2017-27

Market size and growth analysis by value and volume, vegetable/plant-based proteins category, 2017-27

Share of key distribution channels (in value terms) – meat substitutes, 2022

Key distribution channel share by category (in value terms), 2022

Leading companies (in value terms) in the meat substitutes sector, 2022

Category-wise consolidation/fragmentation (in value terms) – meat substitutes , 2022

Real GDP (CNY billion) and annual growth (%)

Nominal GDP (CNY billion) and annual growth (%)

Consumer price inflation (%)

Nominal household final consumption expenditure growth (%) in CNY terms

Population (millions) and annual growth (%)

Population by age group (%)

Population by gender (%)

Population by rural-urban split (%)

Employed people (millions) and unemployment rate (%)

Economic summary, labor market, and demographic trends

Five lowest-risk nations in GCRI Q4 2022

Five highest-risk nations in GCRI Q4 2022

China performance in country risk analysis in comparison to Asia-Pacific and the world

List of 95 countries analyzed to identify high-potential countries in different regions

Frequently asked questions

China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027 thematic reports
Currency USD
$875

Can be used by individual purchaser only

$1,750

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027 in real time.

  • Access a live China Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.