Canada Meat Substitutes Market Size & Outlook, 2023-2030
Related Markets
Canada meat substitutes market highlights
- The Canada meat substitutes market generated a revenue of USD 675.8 million in 2023 and is expected to reach USD 6,595.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 38.5% from 2024 to 2030.
- In terms of segment, soy-based was the largest revenue generating source in 2023.
- Plant-based Protein is the most lucrative source segment registering the fastest growth during the forecast period.
Meat substitutes market data book summary
| Market revenue in 2023 | USD 675.8 million |
| Market revenue in 2030 | USD 6,595.3 million |
| Growth rate | 38.5% (CAGR from 2023 to 2030) |
| Largest segment | Soy-based |
| Fastest growing segment | Plant-based Protein |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant-based Protein, Mycoprotein, Soy-based |
| Key market players worldwide | Beyond Meat Inc, Monde Nissin Corp Ordinary Shares, WK Kellogg Co, Unilever PLC, Tyson Foods Inc Class A, Amy's Kitchen, Impossible Foods, Meatless, VBites, Sunfed Meats |
Other key industry trends
- In terms of revenue, Canada accounted for 3.6% of the global meat substitutes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. meat substitutes market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,595.3 million by 2030.
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Meat Substitutes Market Scope
Meat Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sunfed Meats | View profile | 11-50 | Auckland, Auckland, New Zealand, Oceania | https://sunfed.world |
| Meatless | View profile | 11-50 | Goes, Zeeland, The Netherlands, Europe | http://www.meatless.nl/ |
| Impossible Foods | View profile | 501-1000 | Redwood City, California, United States, North America | http://impossiblefoods.com |
| VBites | View profile | 51-100 | Corby, Nottinghamshire, United Kingdom, Europe | https://www.vbites.com/ |
| Amy's Kitchen | View profile | 1001-5000 | Petaluma, California, United States, North America | http://www.amys.com |
| Monde Nissin Corp Ordinary Shares | View profile | 3270 | Felix Reyes Street, Barangay Balibago, Sta Rosa, LAG, Philippines, 4026 | https://mondenissin.com |
| Beyond Meat Inc | View profile | 686 | 119 Standard Street, El Segundo, CA, United States, 90245 | https://www.beyondmeat.com |
| WK Kellogg Co | View profile | 3150 | One Kellogg Square, Battle Creek, MI, United States, 49016-3599 | https://www.wkkellogg.com |
| Tyson Foods Inc Class A | View profile | 139000 | 2200 West Don Tyson Parkway, Springdale, AR, United States, 72762-6999 | https://www.tysonfoods.com |
| Unilever PLC | View profile | 128377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | https://www.unilever.com |
Canada meat substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meat substitutes market will help companies and investors design strategic landscapes.
Soy-based was the largest segment with a revenue share of 50.8% in 2023. Horizon Databook has segmented the Canada meat substitutes market based on plant-based protein, mycoprotein, soy-based covering the revenue growth of each sub-segment from 2017 to 2030.
- Canada Meat Substitutes Source Outlook (Revenue, USD Million, 2017-2030)
- Plant-based Protein
- Others
- Mycoprotein
- Soy-based
- Canada Meat Substitutes Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Retail
- Foodservice
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Our clientele includes a mix of meat substitutes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada meat substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Canada meat substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada meat substitutes market size, by source, 2017-2030 (US$M)
Canada Meat Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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