Europe Plant-Based Meat Market Size Report 2024: Trends, Industry Insights, Growth and Forecast by 2032
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 European market is fueled by the increasing consumer concerns regarding health and sustainability related to the consumption of traditional meat. Also, the rising trend of veganism and vegetarianism amongst several population groups is helping the growth of the market. In addition, the growing number of new plant-based products that mimic the taste and texture of meat are pulling in more customers.
Moreover, the increased concern about the carbon footprint has compelled many consumers to look for eco-friendly protein sources increasing the volume of plant-based products. Furthermore, the increasing number of food manufacturers coming up with new products and innovations is increasing the competition and diversification of the market. The competition for investment is also creating new avenues for growth as investment increases from both established food companies and new ones. In addition, new developments in a diet and rules regarding plants consumption in the food industry, support the growth of this market. The expansion of plant based products in supermarkets and fast-food chains is also greatly benefiting the market.
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Europe Plant-Based Meat Market Scope and Growth Analysis:
The growth of the market is greatly fueled by the increase in new consumer trends that seek the consumption of healthier foods that include, but are not limited to, vegetarian foods. Additionally, more partnerships between food-tech start-ups and conventional food makers add value for product development and market penetration. In relation to the market review, usage of plant-based meats within the traditional foods is introducing more people to the plant-based diet, thus, increasing the acceptance rate. The increased presence of plant-based meat alternatives in fast food chains excites many fast paced life consumers who want to eat without changing their diet.
Also, the impact of social media and celebrities using plant-based food attracts more attention and extends the target market. There are also new laws that encourage sustainable food systems that also ensure a good return. Also, the increased attendance at vegetarian food festivals and events is generating interest and community involvement and increasing market activity. There are so many plant-based items coming out that appeals to a lot of people and makes this market very responsive and 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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