DUBLIN–(BUSINESS WIRE)–The “Global Meat Substitutes Market by Source (Soy Protein, Wheat Protein, Pea Protein, and Other Sources), Product (Tofu, Tempeh, Seitan, Quorn, and Other Products), Type (Textured, Concentrates, and Isolates), Form, Category, and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. According to the publisher, the meat substitutes market is estimated to be valued at USD 1.9 billion in 2021 and is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The market is primarily driven by factors such as increasing health-consciousness among consumers and a rise in consumption of plant-based foods. North America region accounted for the market share in the meat substitutes market owing to the rising investments and consumers’ demand for vegan products in the region. However, one of the restraining factors in the growth of meat substitutes market is the high production cost of meat substitute products. By product, the tempeh segment is projected to account for the second-largest market share during the forecast period Based on product, the tempeh segment is projected to account for the second-largest market share in the market during the forecast period. Tempeh is an excellent substitute for ground beef. There are numerous health benefits offered by tempeh. For example, it helps in increasing the antibodies and decreasing the sugar levels, which reduces the risk of diabetes. It also helps in lowering cholesterol levels, which helps in reducing the risk of heart diseases. By source, the soy segment is ...