China is leading the ranking by revenue in the 'Meat Substitutes' segment of the food market, recording 2.1 billion U.S. dollars. Following closely behind is the United States with 1.4 billion U.S. dollars, while Australia is trailing the ranking with 69.26 million U.S. dollars, resulting in a difference of 2.1 billion U.S. dollars to the ranking leader, China.
Data provided by Statista Market Insights are estimates.
Definition:
The Meat Substitutes market covers all types of meat-like products that approximate certain aesthetic qualities (primarily texture, flavor, and appearance) or chemical characteristics of a specific meat. The Meat Substitutes market includes plant-based meat and vegetarian meat. Plant-based meat includes meat made from plants, such as soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a variety of nuts. Vegetarian meat contains non-vegan ingredients, such as egg and dairy. Examples of meat substitutes included in this segment are plant-based and vegetarian meat in the form of nuggets, minced meat, burger patties, sausages, and the like.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (September 27, 2024). Worldwide meat substitute revenue in 2023, by country (in million U.S dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country
Statista. "Worldwide meat substitute revenue in 2023, by country (in million U.S dollars)." Chart. September 27, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country
Statista. (2024). Worldwide meat substitute revenue in 2023, by country (in million U.S dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country
Statista. "Worldwide Meat Substitute Revenue in 2023, by Country (in Million U.S Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country
Statista, Worldwide meat substitute revenue in 2023, by country (in million U.S dollars) Statista, https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country (last visited October 30, 2024)
Worldwide meat substitute revenue in 2023, by country (in million U.S dollars) [Graph], Statista, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country