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🌱 Meat Substitutes Market Outlook (Revenue, USD Billion; 2018 - 2030) 🌿

Plant-based Protein: A growing trend in food production, with a projected revenue of $245.2 billion by 2030.
Mycoprotein: Expected to reach $12.9 billion by 2030, driven by increasing demand for plant-based protein sources.
Soy-based: Projected to generate $4.3 billion in revenue by 2030, as consumers seek alternatives to traditional meat products.
Others: Other types of meat substitutes are expected to contribute $1.2 billion to the market by 2030.

📍 Meat Substitutes Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030) 📍

Foodservice: Projected to reach $13.4 billion by 2030, driven by growing demand for plant-based options in restaurants and cafes.
Retail: Expected to generate $21.3 billion in revenue by 2030, as consumers increasingly opt for meat substitutes in supermarkets.

🌎 Meat Substitutes Regional Outlook (Revenue, USD Billion; 2018 - 2030) 🌍

North America: Projected to reach $13.5 billion by 2030, driven by increasing demand for plant-based options in the US and Canada.
Europe: Expected to generate $14.9 billion in revenue by 2030, as consumers seek healthier alternatives to traditional meat products.
Asia Pacific: Projected to reach $12.4 billion by 2030, driven by growing demand for plant-based options in China, Japan, and India.

Key Companies profiled:

Recent Developments:

Tofurky unveiled new plant-based deli slices for foodservice clients at the National Restaurant Association Show.
The Kraft Heinz Not Company LLC introduced NotHotDogs and NotSausages under the Oscar Mayer brand.
Beyond Meat launched its latest plant-based beef products through the Beyond IV platform.
Quorn reintroduced its vegetarian Quorn Fillet Pieces.
MorningStar Farms introduced the MorningStar Farms Steakhouse Style Burger.
Beyond Meat expanded its burger lineup with the Beyond Stack Burger.

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