Top 10 Meat Substitutes Companies | Better Taste Mimicry

Samruddhi Yardi
Samruddhi Yardi

Updated · Feb 14, 2024


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Meat Substitutes Market Overview

Meat substitutes, also known as plant-based protein choices, are crafted from plant-derived components to simulate typical meat’s taste, texture, and nutritional aspects.

They exist in various forms, encompassing soy-based selections such as tofu and tempeh, legume-based alternatives like beans and lentils, and varieties derived from mycoprotein.

These options accommodate a broad spectrum of dietary preferences and provide a sustainable and ethical substitute for traditional meat consumption.

With the escalating demand for healthier and environmentally conscious food selections, the market for meat alternatives is witnessing significant growth, propelled by advancements in product innovation and an increasing inclination towards plant-based eating habits.

Market Drivers

Growing consumer awareness about health, environmental concerns, and animal welfare propels the global meat substitutes market.

Demand is rising for alternatives with similar nutrition but lower saturated fats and cholesterol, driving the popularity of plant-based diets and substitutes. Innovations in food technology have enhanced the taste and appeal of these options, boosting their acceptance.

Additionally, regulatory backing and widespread availability in stores and online are aiding market growth. These factors collectively drive the expansion of the global meat substitutes market, catering to health-conscious and environmentally aware consumers.

Market Size

The global meat substitutes market is projected to reach approximately USD 57.6 billion by 2033, up from USD 14.65 billion in 2023, with a compound annual growth rate (CAGR) of 14.5% between 2023 and 2033.

List of Major Companies

 These are the top ten companies operating in the Meat substitute market:


Company Overview

Establishment Year1987
HeadquarterPetaluma, California, United States
Key ManagementPaul Schiefer (President)
Revenue (US$ Bn)$ 500 Million (2022)
Headcount~ 2,700 (2022)

About Amy’s Kitchen

Amy’s Kitchen, established in 1987 by Andy and Rachel Berliner, is renowned for its various frozen meals, including various meat substitutes. From its humble beginnings as a family-run operation, the company has emerged as a prominent player in the organic food sector.

Amy’s Kitchen offers a diverse selection of meat alternative products like veggie burgers, meatless meatballs, and plant-based frozen meals, appealing to health-conscious consumers seeking sustainable nutritional choices.

They built a reputation as a reliable source of tasty and convenient meat alternatives through a commitment to using top-quality, non-GMO ingredients and organic produce. Their focus on sustainability and ethical sourcing resonates with the growing demand for plant-based options, contributing to their success in the meat substitutes market.

Geographical Presence

Amy’s Kitchen, based in Petaluma, California, has had a robust global presence since its founding in 1987. The company’s organic frozen and convenience foods are widely distributed in North America, Europe, and Asia-Pacific.

In North America, you can find Amy’s Kitchen products at major retailers in the US and Canada. Similarly, in Europe, they serve consumers in the UK, Germany, France, Italy, and Spain, tapping into the increasing demand for organic and vegetarian options.

Amy’s Kitchen has also entered markets in the Asia-Pacific, including Australia, Japan, South Korea, and China, catering to health-conscious consumers seeking natural, convenient food options. With a focus on quality ingredients and sustainability, Amy’s Kitchen continues to expand globally and cater to diverse markets.

Recent Developments

  • In October 2023, Amy’s Kitchen introduced six new family-sized entrees to the freezer section, expanding its mealtime offerings.
  • In August 2023, Amy’s Kitchen launched frozen burrito multipacks featuring 4-count packages, providing convenient, non-GMO options for school lunches, on-the-go meals, and snacking.


Company Overview

Establishment Year2011
HeadquarterRedwood City, California, US
Key ManagementPeter McGuinness (CEO)
Revenue (US$ Bn)$ 256.5 M (2023)
Headcount~ 700 (2023)

About Impossible Foods

Impossible Foods Inc., founded by Patrick O. Brown in 2011, is renowned for its innovative plant-based meat substitutes. Its flagship product, the Impossible Burger, closely resembles traditional beef burgers in taste, texture, and appearance.

The company uses advanced food technology to craft environmentally sustainable alternatives to animal-derived meats. With a commitment to sustainability and culinary excellence, Impossible Foods has become a leading player in the meat substitutes market, catering to consumers seeking healthier and more sustainable dietary choices.

Geographical Presence

Impossible Foods Inc. has strategically expanded its reach in North America, Europe, and Asia to meet the growing demand for plant-based food options. In the U.S., the company has partnered with various restaurants and retailers to offer its popular product, the Impossible Burger, nationwide.

It has established strong partnerships with local businesses in Europe, including the UK, Germany, and France. Similarly, in Asia, particularly in Hong Kong, Singapore, and Japan, Impossible Foods has successfully introduced its plant-based products.

Impossible Foods aims to strengthen its global leadership position in the industry by forming strategic alliances and targeting regions embracing sustainability and plant-based diets.

Recent Developments

  • In December 2023, Impossible Foods debuted its newest plant-based meat innovation, the Impossible Beef Hot Dogs, exclusively available for a single day in New York City.
  • In July 2023, Impossible Foods’ protein-rich Impossible Beef Lite was certified by the American Heart Association after a thorough evaluation. This certification places Beef Lite among select products that meet the association’s stringent nutrition standards for heart-healthy foods.


Company Overview

Establishment Year1906
HeadquarterChicago, Illinois, U.S.
Key ManagementSteven Cahillane (Chairman & CEO)
Revenue (US$ Bn)$ 15.3 Billion (202)
Headcount~ 30,000 (2023)

About Kellogg Company

Kellogg Company, a renowned food manufacturer, has expanded its product range to include meat substitutes alongside its traditional breakfast cereals. With brands like MorningStar Farms, Kellogg has entered the plant-based protein market, offering various meat substitutes such as veggie burgers, sausage patties, and chicken nuggets.

This move responds to the increasing consumer interest in vegetarian and vegan alternatives, aligning with Kellogg’s dedication to providing diverse and sustainable food choices.

Geographical Presence

Kellogg Company has a wide-reaching global presence, spanning more than 180 countries in regions including North America, Europe, Latin America, Asia-Pacific, Africa, and the Middle East.

The company holds strong positions in major markets such as the United States, Canada, the United Kingdom, Brazil, Mexico, China, India, and Australia. Offering a diverse selection of breakfast cereals, snacks, and convenience foods, Kellogg’s meets consumers’ varied preferences on a global scale.

Recent Development

  • In September 2023, MorningStar Farms, a brand under Kellogg Company, introduced a high-quality plant-based burger called the Steakhouse Style Burger. This premium burger boasts a thick-cut, quarter-pound patty made from plant protein, replicating traditional beef’s savory flavor and texture.
  • In April 2023, Kellogg announced the discontinuation of the Incogmeato Burger, a product from its MorningStar Farms range of plant-based foods.


Company Overview

Establishment Year1906
HeadquarterWestchester, Illinois, United States
Key ManagementJames Zallie (President and CEO)
Revenue (US$ Bn)$8.2 Billion (2023)
Headcount~ 11,700 (2023)

About Ingredion Incorporated

Ingredion Incorporated, a leading provider of ingredient solutions, plays a vital role in developing meat substitutes. While recognized for its wide array of ingredients in various food and beverage products, Ingredion supplies essential components for creating meat alternatives.

They offer plant-based proteins, texturizers, and functional ingredients for achieving the desired taste, texture, and nutrition in meat substitutes.

Leveraging its expertise in ingredient innovation and food science, Ingredion contributes to the growth of the meat substitutes market by providing manufacturers with the necessary ingredients for high-quality plant-based alternatives to meat.

Geographical Presence

Ingredion Incorporated maintains a strong presence across North America, Europe, the Middle East, Africa, Asia-Pacific, and South America. With headquarters in Westchester, Illinois, USA, the company operates manufacturing facilities and offices in key locations worldwide.

In North America, it serves diverse industries, including food, beverage, pharmaceuticals, and personal care. Similarly, its footprint extends to Europe, the Middle East, and Africa, with operations in the UK, Germany, France, Spain, Italy, South Africa, and the UAE.

Ingredion has facilities in the Asia-Pacific region in China, Japan, Australia, India, Thailand, and Indonesia. Additionally, the company serves customers in South America, operating in Brazil, Argentina, Colombia, and Chile.

Recent Development

  • In November 2022, Ingredion entered an exclusive commercial distribution partnership with InnovoPro, a prominent Foodtech company specializing in chickpea solutions. The agreement aims to distribute a chickpea protein concentrate across the United States and Canada.
  • In November 2021, Ingredion introduced FILMKOTE 2030, a new fluorochemical-free barrier starch, to its extensive range of barrier starches available in the U.S. and Canada. This addition assists paper and packaging manufacturers in meeting the growing need for sustainable Oil and grease-resistant (OGR) packaging solutions.


Company Overview

Establishment Year1929
HeadquarterLondon, U.K
Key ManagementHein Schumacher (CEO)
Revenue (US$ Bn)$64.5 B (2023)
Headcount~ 127,000 (2023)

About Unilever

Unilever, a multinational consumer goods company, has expanded its focus to include meat substitutes as part of its product portfolio. While renowned for its wide range of food, home, and personal care products, Unilever has recognized the rising demand for plant-based alternatives to traditional meat products.

The company has introduced meat substitute brands such as The Vegetarian Butcher, which offers a variety of plant-based meat alternatives, including burgers, sausages, and meatballs.

By leveraging its global reach and marketing expertise, Unilever aims to cater to the growing segment of consumers seeking healthier and more sustainable dietary choices through its meat substitute offerings.

Geographical Presence

Unilever PLC, a multinational consumer goods company headquartered in London, maintains a significant global presence across over 190 countries. With operations spanning Europe, North America, Asia Pacific, Latin America, Africa, and the Middle East, Unilever strategically positions itself in developed and emerging markets.

Leveraging its diverse portfolio of brands, the company caters to consumers’ preferences worldwide. From the United States to China, Brazil to Nigeria, Unilever’s extensive distribution network and localized marketing strategies enable it to capture market share and drive growth in diverse regions.

Recent Developments

  • In February 2023, Unilever revealed the sale of its Suave brand in North America to Yellow Wood Partners LLC.
  • In June 2022, Unilever secured a new agreement for Ben & Jerry’s in Israel to ensure continued availability of the ice cream for all consumers.


Company Overview

Establishment Year1902
HeadquarterChicago, Illinois, U.S.
Key ManagementJuan Luciano (Chairman and CEO)
Revenue (US$ Bn)$ 101.6 Billion (2022)
Headcount~ 42,001 (2022)

About ADM

ADM, known as Archer Daniels Midland Company, is a global leader in supplying ingredients and solutions, including meat substitutes, across various industries. While specializing in agricultural commodities and food ingredients, ADM has broadened its focus to include plant-based proteins and alternatives to meat.

Through expertise in ingredient sourcing, processing, and formulation, ADM offers a variety of plant-based proteins and functional ingredients essential for creating meat substitutes with appealing taste, texture, and nutrition.

With a solid commitment to innovation and sustainability, ADM is actively addressing the increasing demand for plant-based options, aligning with consumers’ preferences for healthier and more environmentally friendly dietary choices.

Geographical Presence

ADM, known as Archer Daniels Midland Company, has a widespread global presence across North America, South America, Europe, the Middle East, Africa, and Asia-Pacific. With facilities, offices, and distribution centers strategically located in key markets, ADM serves customers worldwide in producing food and beverage ingredients, animal feed ingredients, and renewable fuels.

Recent Developments

  • In October 2023, Nutramax and ADM’s probiotic supplements brand, ADM Protexin expanded their partnership. This expansion will enable ADM Protexin to oversee specific Nutramax brands in Europe and several APAC markets, with plans for further international growth.
  • In May 2022, ADM agreed to purchase D.C.A. Finance B.V., headquartered in the Netherlands, providing commodity derivative broking services to European agricultural clients.


Company Overview

Establishment Year1935
HeadquarterSpringdale, Arkansas, U.S.
Key ManagementDonnie King (CEO)
Revenue (US$ Bn)$ 53.2 Billion (2022)
Headcount~ 142,000 (2022)

About Tyson Foods

Tyson Foods, Inc. is a significant player in the food industry, focusing on meat production and processing. While primarily known for its meat products, Tyson Foods has recognized the growing demand for meat substitutes and has begun to explore this market segment.

The company has launched its line of plant-based protein products, catering to consumers looking for alternatives to traditional meat.

Leveraging its food production and distribution expertise, Tyson Foods aims to capitalize on the rising popularity of meat substitutes and meet consumers’ evolving preferences for healthier and more sustainable food options.

Geographical Presence

Tyson Foods has a robust global presence, with operations spanning North America, Europe, and Asia. In North America, the company operates numerous facilities across the United States and Canada, strategically located for efficient distribution.

Internationally, Tyson Foods has expanded into key markets, capitalizing on rising demand for protein products. With a focus on meeting consumer needs and pursuing growth opportunities, Tyson Foods continues establishing itself as a global food industry leader.

Recent Developments

  • In January 2024, Tyson Foods unveiled its new $355 million food production facility in Bowling Green, Kentucky, to expand its bacon production capacity significantly. This strategic move enables Tyson Foods to leverage its market leadership in the category and meet the growing demand for its products.
  • In November 2023, Tyson Foods opened a new $300 million fully-cooked food production facility in Danville, Virginia, as a critical component of its growth strategy, operational improvement, and investment in poultry. This highly automated plant is a notable achievement for the company, highlighting the widespread adoption of innovative pilots and prototypes.


Company Overview

Establishment Year1802
HeadquarterWilmington, Delaware, USA
Key ManagementEdward D. Breen (Executive Chairman & CEO)
Revenue (US$ Bn)$ 13.0 Billion (2023)
Headcount~ 23,000 (2023)

About DuPont

DuPont is a renowned global science and innovation company with a diversified portfolio that includes solutions for the food industry, including meat substitutes. Leveraging its expertise in food science and technology, DuPont offers a range of ingredients and solutions tailored for developing meat alternatives.

These solutions may include plant-based proteins, texturizers, and other functional ingredients that help replicate traditional meat products’ taste, texture, and nutritional profile.

With a commitment to sustainability and innovation, DuPont plays a significant role in supporting the growth of the meat substitutes market by providing manufacturers with the necessary tools to create high-quality and sustainable plant-based alternatives to meat.

Geographical Presence

DuPont, a multinational corporation, maintains a strong presence across North America, Europe, Asia-Pacific, Latin America, and other emerging markets. With strategic locations worldwide, the company caters to diverse industries by leveraging its expertise and innovation.

In North America, it capitalizes on its heritage and industry knowledge. In Europe, it thrives on technological advancements and regulatory compliance.

In Asia-Pacific, it taps into rapid economic growth and increasing demand for advanced solutions. DuPont actively engages local stakeholders in Latin America and other emerging markets to address specific challenges.

Recent Developments

  • In May 2023, DuPont entered a definitive agreement to purchase Spectrum from AEA Investors. Spectrum is a prominent player in advanced manufacturing for specialized medical devices and components.
  • In April 2022, DuPont finalized the sale of its Biomaterials business unit to the Huafon Group.


Company Overview

Establishment Year1972
HeadquarterTralee, Kerry, Ireland
Key ManagementTom Moran (Chairman)
Revenue (US$ Bn)$ 9.2 Billion (2022)
Headcount~ 23,000 (2022)

About Kerry Group

Kerry Group plc is a leading global taste and nutrition solutions provider, offering diverse ingredients for meat substitutes. While known for its wide selection of food and beverage products, Kerry Group has broadened its scope to include solutions for plant-based meat alternatives.

Using its flavor technology and ingredient development expertise, the company supplies various plant-based proteins, flavorings, and texturizers essential for creating meat substitutes with appealing taste, texture, and nutrition.

Committed to meeting changing consumer preferences for healthier and more sustainable foods, Kerry Group plays a crucial role in supporting the growth of the meat substitute market by providing manufacturers with the necessary ingredients and knowledge to produce high-quality plant-based alternatives.

Geographical Presence

Kerry Group has a robust global presence across Europe, North America, Asia-Pacific, Latin America, Africa, and the Middle East. The company serves Western and Eastern European markets, adapting to diverse consumer preferences.

In North America, Kerry Group has manufacturing facilities, R&D centers, and sales offices to meet the region’s demands. Kerry Group is poised to capitalize on growing consumer needs in the Asia-Pacific, including China, Japan, India, and Australia.

Additionally, the company has a significant presence in Latin America, Africa, and the Middle East, enhancing its global reach and market influence.

Recent Developments

  • In November 2023, Kerry inaugurated a cutting-edge taste manufacturing plant in Karawang, West Java, Indonesia, significantly broadening its taste product range in Southeast Asia. This facility caters to the region’s rapidly growing markets by providing tailored products to meet local preferences.
  • In May 2023, Kerry introduced its latest Tastesense Advanced solutions, designed to revolutionize the low and zero-sugar product market. These innovative solutions offer remarkable sweetness, rich mouthfeel, and sustainability advantages.


Company Overview

Establishment Year1865
HeadquarterMinnetonka, Minnesota, U.S.
Key ManagementBrian Sikes (Chairman and CEO)
Revenue (US$ Bn)$ 165 Billion (2023)
Headcount~ 155,000 (2023)

About Cargill

Cargill, Incorporated, a leading provider of food, agriculture, financial, and industrial products and services, has diversified its focus beyond the meat industry to include meat substitutes, reflecting changing consumer preferences.

Utilizing its expertise in food processing and ingredient sourcing, Cargill offers various solutions for plant-based meat alternatives, including proteins, texturizers, and flaives that aim to mimic traditional meat products’ taste competitiveness, texture, and nutritional aspects.

Committed to innovation and sustainability, Cargill plays a vital role in meeting the increasing demand for meat substitutes and promoting the shift towards more sustainable and plant-based diets.

Geographical Presence

Cargill, a leading global player in food and agriculture, has operations in 70+ countries across North and South America, Europe, Asia, Africa, and Australia. Headquartered in Minneapolis, USA, it’s deeply involved in the agricultural supply chain, spanning worldwide grain trading to meat processing.

In South America, it focuses on Brazil and Argentina, while in Europe, it operates in the UK, France, Germany, and the Netherlands.

Key markets in Asia include China, India, and Indonesia, with engagements in agricultural development and trade activities in Africa. In Australia, Cargill is active in beef processing, grain trading, and animal nutrition sectors, contributing to its global commitment to sustainable practices in feeding the world.

Recent Developments

  • In February 2024, Cargill invested in two processing facilities to enhance the distribution and production of case-ready beef and pork to US retailers.
  • In November 2023, Cargill and Owensboro Grain Company agreed that Cargill would incorporate Owensboro Grain Company (OGC) into its North American agricultural supply chain business.
Samruddhi Yardi

Samruddhi Yardi

Samruddhi Yardi has done her MBA in Marketing, and after working in sales for 2.5 years, she has shifted to the market research industry. As Samruddhi is a pharma graduate, she is working in the Healthcare domain as a Research associate. She also contributes to chemical, consumer goods, agriculture, and food & beverages.