United States of America (USA) 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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US Meat Substitutes Market Report Overview
The US meat substitutes market size was $1.7 billion in 2021 and is expected to achieve a CAGR of more than 13% during 2021-2026. Hypermarkets & supermarkets accounted for the leading share in the distribution of meat substitute products in the country. Soy-based was the largest category in volume terms and is also forecast to register the fastest volume growth during the forecast period.
US Meat Substitutes Market Outlook, 2021-2026 ($ Billion)
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The US 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.
Market Size 2021 | $1.7 billion |
CAGR (2021-2026) | >13% |
Key Categories | Soy-Based Meat Substitutes, Vegetable/Plant-Based Proteins, Single Cell Protein (Fungi/Algae), and Grain-Based Meat Substitutes |
Key Distribution Channels | Hypermarkets & Supermarkets, E-Retailers, Convenience Stores, and Food & Drinks Specialists |
Leading Players | The Kellogg Company, Conagra Brands Inc, Beyond Meat Inc, Pulmuone Co. ltd., and Maple Leaf Foods Inc |
US Meat Substitutes Market Segmentation by Category
The key categories in the US meat substitutes market are soy-based meat substitutes, single-cell protein (fungi/algae), vegetable/plant-based proteins, and grain-based meat substitutes. The US meat substitutes market was led by soy-based meat substitutes in value terms in 2021. The per capita consumption of grain-based, soy-based, and vegetable/plant-based proteins was higher in the US compared to the global level, but lower than the regional level in the same year. Furthermore, per capita consumption of single-cell protein (fungi/algae) was higher in the US than both the global and regional levels in the same year.
Soy-Based Meat Substitutes: The report further categorizes soy-based meat substitutes into tofu, yuba, and others.
Single Cell Protein (Fungi/Algae): The report offers a value and volume analysis of single cell protein (fungi/algae) such as Fungi (Mycoprotein).
Vegetable/Plant-Based Proteins: The report further categorizes vegetable/plant-based proteins into pea-based, legume-based, yam/sweet potato, and others.
Grain-Based Meat Substitutes: The report further categorizes grain-based meat substitutes into Seitan and others.
US Meat Substitutes Market Analysis by Categories, 2021 (%)
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US Meat Substitutes Market Segmentation by Distribution Channel
The key distribution channels in the US meat substitutes market are hypermarkets & supermarkets, e-retailers, convenience stores, and food & drinks specialists, among others. Hypermarkets & supermarkets were the leading distribution channel in the US meat substitutes sector in 2021.
US Meat Substitutes Market Analysis by Distribution Channels, 2021 (%)
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US Meat Substitutes Market -Competitive Landscape
The leading companies in the US meat substitutes market are The Kellogg Company, Conagra Brands Inc, Beyond Meat Inc, Pulmuone Co. ltd., and Maple Leaf Foods Inc, among others. The Kellogg Company had the highest market share in the US meat substitutes market in 2021.
US Meat Substitutes Market Analysis by Companies, 2021 (%)
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Key Highlights
- Per capita consumption of meat substitutes was higher in the US than at both the global and regional levels in 2021
- The per capita consumption of soy-based meat substitutes was higher than other meat substitute categories in the US during 2021
- Hypermarkets & supermarkets are the leading distribution channel in the US meat substitute sector
- The Kellogg Company, Conagra Brands, Inc, and Beyond Meat Inc are the top three companies in the US meat substitutes sector
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value 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
- The packaging analysis report helps manufacturers, in identifying the most used packaging materials in the sector
- 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
Beyond Meat Inc
Monde Nissin Corporation
Pulmuone Co.,ltd.
Maple Leaf Foods Inc.
Impossible Foods Inc
The Kraft Heinz Company
The Tofurky Company Inc
The Hain Celestial Group Inc.
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Frequently asked questions
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What was the US meat substitutes market size in 2021?
The meat substitutes market size in the US was valued at $1.7 billion in 2021.
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What is the US meat substitutes market growth rate?
The meat substitutes market in the US is expected to achieve a CAGR of more than 13% during 2021-2026.
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What are the key categories of the US meat substitutes market?
The key categories in the US meat substitutes market are soy-based meat substitutes, vegetable/plant-based proteins, single cell protein (fungi/algae), and grain-based meat substitutes.
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What are the key distribution channels of the US meat substitutes market?
The key distribution channels in the US meat substitutes market are hypermarkets & supermarkets, e-retailers, convenience stores, and food & drinks specialists, among others.
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Who are the leading companies in the US meat substitutes market?
The leading companies in the US meat substitutes market are The Kellogg Company, Conagra Brands Inc, Beyond Meat Inc, Pulmuone Co. ltd., and Maple Leaf Foods Inc, among others.
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