The Europe plant-based meat products market is expected to grow from US$ 2,060.30 million in 2021 to US$ 5,311.09 million by 2028; it is estimated to grow at a CAGR of 14.5% from 2021 to 2028
Europe Plant-Based Meat Products Market Introduction
The European market for plant-sourced meat alternatives is poised for considerable growth, with forecasts indicating an increase from US$ 2,060.30 million in 2021 to US$ 5,311.09 million by 2028. This represents a noteworthy estimated compound annual growth rate (CAGR) of 14.5% throughout the forecast period. A significant factor propelling this expansion is the growing population of vegetarians, especially within the vegan segment, across Europe in recent years. Heightened consciousness regarding health matters is leading more individuals to adopt plant-based dietary patterns. Numerous dieticians and healthcare practitioners advise the reduction of meat consumption and the adoption of vegetarianism to mitigate the likelihood of developing chronic health issues, such as obesity, cardiovascular diseases, hypertension, and digestive system disorders. Of particular note, Google Trends highlighted veganism as a top-five search term in the UK and throughout Europe in 2019. Further underscoring this trend, Veganuary, a European non-profit organization dedicated to promoting veganism in January, reported approximately 582,538 registrations for their 2021 campaign. Ongoing enhancements in product attributes and technological advancements are enabling vendors to attract new consumers and expand their reach in emerging markets. This trend is projected to be a critical catalyst for the Europe plant-based meat products market in the coming years, with strong CAGR growth anticipated over the forecast duration.
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Europe Plant-Based Meat Products Strategic Insights
Strategic insights pertaining to the Europe Plant-Based Meat Products market furnish a data-centric analysis of the industry’s present condition, encompassing prevalent trends, key market participants, and regional specificities. These insights provide actionable recommendations, facilitating readers in gaining a competitive edge by pinpointing unaddressed market segments or crafting distinctive value propositions. Through the application of data analytics, these insights assist industry players, including investors and manufacturers, in foreseeing market developments. A proactive approach is essential, aiding stakeholders in anticipating market changes and positioning themselves for sustained prosperity within this evolving European landscape. Ultimately, effective strategic insights empower readers to make informed decisions that enhance profitability and support the realization of their business goals within the market.
Europe Plant-Based Meat Products Market Segmentation
Europe Plant-Based Meat Products Market: By Type
- Patties
- Nuggets
- Meatballs
- Sausages
Europe Plant-Based Meat Products Market: By Category
- Frozen
- Refrigerated
- Ambient
Europe Plant-Based Meat Products Market: By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
Europe Plant-Based Meat Products Market: Regions and Countries Covered
Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Europe Plant-Based Meat Products Market: Market leaders and key company profiles
- Beyond Meat
- Kellogg’s Company
- Tofurky
- VBites Foods Ltd
- Quorn
- Impossible Foods Inc.
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