High Availability of Wheat is Encouraging Manufacturers to Incorporate it in the Production of Meat Substitutes

The meat substitutes market is poised for significant growth during the forecast period. In 2021, the market reached a value of USD 1,889.1 million, and it is projected to reach USD 4,041.3 million by 2027, with a compound annual growth rate (CAGR) of 13.5%. The increasing consumer concerns about health, rising obesity rates, and the growing popularity of plant-based meat products are driving the demand for meat substitutes.

Download PDF Brochure

One notable trend in the market is the high availability of wheat as a raw material, which is encouraging manufacturers to incorporate it into the production of meat substitutes. Wheat is one of the most widely consumed cereal grains globally. Its protein content is low in fat, making it a preferred choice for manufacturers of low-fat, high-protein foods in response to the increasing demand for low-fat diets. Wheat protein also serves as a binder in various meat substitutes such as meatballs, meatloaf, and veggie burgers.

The plant-based meat market, which is closely related to the meat substitutes market, has also witnessed significant growth. The increased adoption of Seitan, a meat substitute made from wheat gluten, is now considered a sustainable practice.

Wheat proteins offer cost-effectiveness and versatility, making them suitable for various food products such as nuggets, burger patties, sausages, and more. They can be flavored with ingredients like ginger, garlic, soy sauce, paprika, and fennel to enhance their taste. Many plant-based protein manufacturers worldwide are currently producing different types of plant proteins that cater to the food and beverage industry. For consumers without allergen issues, wheat serves as a source of antioxidants, vitamins, minerals, and fiber. Major players in the market offering wheat-based proteins include Archer Daniels Midland Company (US) and Cargill (US).

Make an Inquiry

North America is expected to be a significant market for meat substitutes, reaching USD 1,536.6 million in 2027. In 2021, North America accounted for a 38.8% market share in the industry.

Key players in the meat substitutes market include ADM, Ingredion Incorporated, DuPont, Kerry Group, and Roquette Frères. These companies are actively participating in the market and contributing to its growth.

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil's neu
Read more

Transformative Growth Projected for Global Seed Coating Market: A Comprehensive Overview

In 2023, the global seed coating market , valued at USD 2.0 billion, is positioned for remarkable expansion, anticipated to reach USD 3.1 billion by 2028 with a robust CAGR of 8.5%, as reported by MarketsandMarkets. This agri-tech innovation is reshaping agriculture by enhancing seed germination, seedling vigor, and overall crop yields. Download PDF Brochure Advancements in Liquid Seed Coatings: A Cornerstone of Modern Agriculture Liquid seed coatings, applied across diverse crops such as corn, soybeans, wheat, rice, vegetables, and flowers, are indispensable tools in modern agriculture. Croda International Plc's FS formulations are gaining prominence due to their concentrated nature, water-based composition, and enhanced safety during application, marking a revolutionary shift in seed treatment practices. Cereal and Grains Segment Driving Adoption The cereal and grains segment, emphasized by the Food and Agriculture Organization (FAO), plays a pivotal role in the increasing adopti
Read more