Plant-Based Meat Market in Europe 2024:
How Big is the Europe Plant-Based Meat Industry?
The Europe plant-based meat market size is experiencing robust growth, driven by increasing consumer demand for healthier and sustainable food options. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 17.82% from 2024 to 2032.
| Report Attribute | Key Statistics |
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Growth Rate (2024-2032) | 17.82% |
Europe Plant-Based Meat Market Trends:
The market in Europe is driven mainly by the fact that rising consumer awareness is concerning health and sustainability issues when it comes to conventional meat consumption. Additionally, the growing adoption of vegan and vegetarian diets among consumers of various demographics is highly supporting the growth in the market. The increasing availability of innovative plant-based meat alternatives mimicking the taste and texture is also driving more consumers into the market. Moreover, increasing concerns among many consumers regarding the growing carbon footprint are accelerating demand for plant-based products.
In addition, competition and variety in the market can be stimulated by the rising number of product launches and innovations from food manufacturers. Furthermore, investments from established food companies and startups drive growth. In addition, changes in dietary regulations and government policies that promote the consumption of plant-based food are encouraging an environment for market growth. The growing availability of plant-based products in conventional retail and restaurant chains is also highly driving the market.
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Europe Plant-Based Meat Market Scope and Growth Analysis:
The market scope is broadening significantly due to shifting consumer preferences towards healthy eating patterns emphasizing plant-based options. Besides the increasing collaboration between food tech startups and traditional food manufacturers supports product innovation and market reach. The market analysis shows that the marriage of plant-based meats in various cuisines also expands the consumer base and acceptability. The growing availability of plant-based options at fast-food outlets is drawing in consumers who seek convenience and want to eat healthy.
In addition, there is rising awareness and acceptance among social media influencers and celebrities promoting such diets as plant-based diets. The new regulations mandating sustainable food practices also create an atmosphere positive for investment. In addition to this, increasing participation in plant-based food festivals and events increases community engagement and further builds momentum. The sheer range of plant-based products being released caters to various consumer preferences, making this market livelier and much more competitive.
Europe Plant-Based Meat Market Forecast and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Europe plant-based meat market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Type Insights:
- Burger Patties
- Sausages
- Nuggets and Strips
- Ground Meat
- Meatballs
- Others
Source Insights:
- Soy
- Wheat
- Peas
- Others
Meat Type Insights:
- Chicken
- Beef
- Pork
- Others
Distribution Channel Insights:
- Restaurant and Catering Industry
- Supermarkets and Hypermarkets
- Convenience and Specialty Stores
- Online Retail
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Top Players Analysis:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
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Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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