Comparing the 20 selected regions regarding the revenue in the 'Meat Substitutes' segment of the food market, China is leading the ranking (2.1 billion U.S. dollars) and is followed by the United States with 1.4 billion U.S. dollars. At the other end of the spectrum is Australia with 69.26 million U.S. dollars, indicating a difference of 2.1 billion U.S. dollars to China.
Data provided by Statista Market Insights are estimates.
Definition:
The Meat Substitutes segment 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 segment 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. (June 18, 2024). Worldwide meat substitute revenue in 2023, by country (in million U.S dollars) [Graph]. In Statista. Retrieved July 22, 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. June 18, 2024. Statista. Accessed July 22, 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: July 22, 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., 18 Jun 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 July 22, 2024)
Worldwide meat substitute revenue in 2023, by country (in million U.S dollars) [Graph], Statista, June 18, 2024. [Online]. Available: https://www.statista.com/forecasts/1276534/worldwide-meat-substitute-revenue-by-country