Page 33 - 151
P. 33

SPECIAL FOCUS




            The global vegan and vegetarian meat market are
            estimated to hit USD 6.3 billion by 2023, according

            to a new report from Research and Markets. 1

               The meat substitutes market is estimated at USD 4.63 billion
            in 2018 and is projected to reach USD 6.3 billion by 2023. It is
            projected to grow at a CAGR of 6.8% during the study period .
                                                          1
            The market is primarily driven by factors such as changing trends
            toward healthy diets, which has led to an increased demand for
            clean-label products, such as plant-sourced proteins that include
            tofu and seitan.
               Nowadays, plant-based foods eating in western countries
            can be divided into 2 types; the vegetarians (veggie) and the
            vegans. The vegetarians do not consume meat, but they still opt
            for dairy and egg. Meanwhile, vegans are stricter than
            vegetarians, as they avoid meat products or entirely, including
            honey, yeast, and white sugar (which is bleached using bone
            char). They focus 100% on vegetables, fruit, grains, and seeds.
            In  Thailand, another type of vegetarians called “Chinese
            vegetarian or Je” exists. Influenced by Chinese culture, this
            group avoids the consumption of meat, egg, milk, butter, animal
            products, and 5 strong smell vegetables – garlic, onion, Chinese
            onion, garlic chives, and tobacco.
            Vegetarian Trend in Canada
            In Canada, recent research from Dalhousie University confirms
            that vegetarian will become mainstream trend with surging
            demand. As of now, 3.6 million Canadians – especially those
            aged between 15-35 years old – are vegetarian, accounting for
            10% of the country’s population, resulting in the readjustment
            of Canada’s food market in response to this growing trend. 2
               According to the Toronto Thai Trade Centre, Canada,
            presently  almost  every  supermarket  and  restaurants  are
            promoting that vegetarian food is added and is compulsory in
            their menus to welcome vegetarian customers. The latter can
            now easily reside among normal consumers and does not have
            to go through troubles as they did in the past. It is obvious that
            the trend is growing, thus providing a great chance for Thai
            restaurant operators in Canada to add more vegetarian dishes
            to meet the demand of this target group. Furthermore, it is a
            great opportunity for Thai food manufacturers to develop new
            vegetarian recipes to export to Canada. This includes protein
            replacement products such as Textured vegetable protein,
            soybean, tofu, for example. 2


                          10% of the country’s population
                          aged between 15-35 years old







                          3.6 million
                          Canadians are vegetarian



                          Great opportunity for Thai food products
                          Textured vegetable protein,
                          soybean, tofu


                                                                                             OCT  2018 FOOD FOCUS THAILAND  31
   28   29   30   31   32   33   34   35   36   37   38