Europe Plant-based Meat Market By Source (Soy, Wheat, Pea, and Others), By Type (Chicken, Fish, Beef, Pork, and Others), By Product (Burgers, Sausages, Patties, Grounds, Nuggets, Tenders & Cutlets, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Europe Plant-based Meat Market
Market Report Description
The Europe Plant-based Meat Market would witness market growth of 17.9% CAGR during the forecast period (2021-2027).
The concept of sustainability has gained momentum among consumers and brands. This concept has motivated individuals and companies to re-evaluate their food or food products. The plant-based meat market has witnessed huge demand in the past few years with the rise in the number of new entrants in the market across the world. The drawbacks of conventional food products are encouraging the market players to introduce the plant-based meat products.
There are many key food companies that are forming partnerships with vegan meat-producing start-ups in order to expand their product portfolios, which would result in product premiumization. In addition, the increase in the adoption of various plant-based meat products across different cuisines like Thai, Chinese, Italian, etc., would spur the growth of the plant-based meat market during the forecast period.
The rising adoption of veganism among customers across countries like the UK would support the demand and growth of the plant-based meat market over the forecast period. Consumers across Europe are highly health-conscious and hence, they are demanding various healthy food products. Additionally, many companies are expanding their business across this region, which would support the growth of the regional market in the upcoming years.
The Germany market dominated the Europe Pork Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $92.6 million by 2027. The UK market is estimated to grow a CAGR of 19.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 21.8% during (2021 - 2027).
Based on Source, the market is segmented into Soy, Wheat, Pea, and Others. Based on Type, the market is segmented into Chicken, Fish, Beef, Pork, and Others. Based on Product, the market is segmented into Burgers, Sausages, Patties, Grounds, Nuggets, Tenders & Cutlets, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Plant-based Meat Market Size will Hit $12.32 billion by 2027, at a CAGR of 18.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beyond Meat, Inc., Impossible Foods, Inc., Maple leaf foods, Inc., Quorn Foods (Monde Nissin Corporation), Omni Foods (Green Monday Holdings), Amy's Kitchen, Inc., Kellogg Company (Kellogg NA Co.), Conagra Brands, Inc., The Hain Celestial Group, Inc. (Yves Veggie Cuisine), and VBites Foods Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Nuggets, Tenders & Cutlets
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Beyond Meat, Inc.
- Impossible Foods, Inc.
- Maple leaf foods, Inc.
- Quorn Foods (Monde Nissin Corporation)
- Omni Foods (Green Monday Holdings)
- Amy's Kitchen, Inc.
- Kellogg Company (Kellogg NA Co.)
- Conagra Brands, Inc.
- The Hain Celestial Group, Inc. (Yves Veggie Cuisine)
- VBites Foods Ltd.
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