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Report
Europe Meat Substitute Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 188 Pages I EMR Inc.
Europe Meat Substitute Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Europe meat substitute market size attained approximately USD 3.93 billion in 2023. Aided by evolving consumer preferences, the market is estimated to grow at a CAGR of 9.20% in the forecast period of 2024-2032, reaching a value of around USD 8.67 billion by 2032.
Meat substitutes, also known as meat analogues or plant-based meats, are products designed to mimic the taste, texture, and appearance of animal meat, offering a vegetarian or vegan alternative. These substitutes are typically made from plant-based ingredients such as soy, wheat, peas, and beans, and are increasingly being enhanced with vitamins and minerals to match the nutritional profile of animal meat. The market for these products is driven by factors, including rising health considerations, environmental concerns, and ethical issues related to animal welfare.
The Europe meat substitute market is witnessing significant growth, fuelled by a combination of evolving consumer preferences, technological advancements in food processing, and supportive regulatory frameworks. This market's expansion is characterised by several trends that indicate both the current state and the future potential of meat alternatives in the region.
European consumers are increasingly health-conscious, a trend that drives interest in meat substitutes, enhancing the Europe meat substitute market value. Plant-based diets are associated with numerous health benefits, including lower risks of heart disease, hypertension, type 2 diabetes, and certain types of cancer. Meat substitutes offer a way to enjoy the flavours and textures of meat while reducing or eliminating the intake of animal products, which are often high in cholesterol and saturated fats.
Awareness of the environmental impact of meat production is rising in Europe. The meat industry is a significant contributor to greenhouse gas emissions, deforestation, and water use. As a result, environmentally conscious consumers are turning to meat substitutes as a way to reduce their ecological footprint. Additionally, the growing concern for animal welfare and the ethical issues surrounding meat consumption are prompting more Europeans to consider plant-based alternatives.
Technological innovations are crucial in shaping the Europe meat substitute market dynamics. Advances in food technology have led to the development of products that closely mimic the taste, texture, and cooking experience of animal meat. Startups and established food companies alike are investing heavily in research and development to create new and improved meat alternatives, including products based on novel protein sources like mycoprotein and algae.
The Europe meat substitute market has seen a significant diversification of meat substitute products. Beyond burgers and sausages, consumers can now find plant-based versions of chicken, beef, pork, and even seafood. This variety caters to a broader range of culinary preferences and dietary needs, making it easier for consumers to incorporate meat substitutes into their diets without sacrificing diversity in their meals.
Meat substitutes are increasingly available not only in speciality health food stores but also in mainstream supermarkets and restaurants. Major retailers in the Europe meat substitute market are expanding their plant-based offerings in response to consumer demand. Additionally, food service providers, including fast food chains and fine dining restaurants, are incorporating meat substitutes into their menus, further normalising and promoting plant-based eating.
The Europe meat substitute market expansion is also shaped by regulatory developments. Various EU regulations and national policies support the development and marketing of sustainable and health-focused food products, including meat alternatives. However, the industry faces challenges related to labelling and the use of meat-related terms for plant-based products. Ongoing debates about labelling regulations could impact how these products are marketed and perceived by consumers.
Despite robust growth, the Europe meat substitute market growth faces challenges. One significant issue is the taste and texture gap between meat substitutes and real meat. While progress has been made, achieving a complete sensory match remains a hurdle for wider acceptance. Additionally, the cost of meat substitutes can be higher than that of conventional meat, posing a barrier for budget-conscious consumers.
Market Segmentation
The Europe meat substitute market can be divided based on source, product, type, and country.
Market Breakup by Source
- Soy Based
- Wheat Based
- Pea Protein
- Others
Market Breakup by Product
- Tofu
- Tempeh
- Seitan
- Quorn
- Others
Market Breakup by Type
- Concentrates
- Isolates
- Textured
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe meat substitute market. Some of the major players explored in the report by Expert Market Research are as follows:
- Associated British Foods plc
- DuPont de Nemours, Inc.
- Schouten Europe B.V.
- Ruitenberg Ingredients B.V.
- Kerry Group plc
- Ingredion Incorporated
- Vivera
- BENEO GmbH
- Beyond Meat Inc.
- VBites Foods Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Meat Substitute Market Overview
8.1 Key Industry Highlights
8.2 Global Meat Substitute Historical Market (2018-2023)
8.3 Global Meat Substitute Market Forecast (2024-2032)
8.4 Global Meat Substitute Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Meat Substitute Market Overview
9.1 Key Industry Highlights
9.2 Europe Meat Substitute Historical Market (2018-2023)
9.3 Europe Meat Substitute Market Forecast (2024-2032)
10 Europe Meat Substitute Market by Source
10.1 Soy Based
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wheat Based
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pea Protein
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Europe Meat Substitute Market by Product
11.1 Tofu
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Tempeh
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Seitan
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Quorn
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Europe Meat Substitute Market by Type
12.1 Concentrates
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Isolates
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Textured
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Europe Meat Substitute Market by Country
13.1 Germany
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Kingdom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Associated British Foods plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DuPont de Nemours, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schouten Europe B.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ruitenberg Ingredients B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kerry Group plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ingredion Incorporated
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Vivera
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 BENEO GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Beyond Meat Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 VBites Foods Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Meat Substitute Market: Key Industry Highlights, 2018 and 2032
2. Europe Meat Substitute Market: Key Industry Highlights, 2018 and 2032
3. Europe Meat Substitute Historical Market: Breakup by Source (USD Billion), 2018-2023
4. Europe Meat Substitute Market Forecast: Breakup by Source (USD Billion), 2024-2032
5. Europe Meat Substitute Historical Market: Breakup by Product (USD Billion), 2018-2023
6. Europe Meat Substitute Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. Europe Meat Substitute Historical Market: Breakup by Type (USD Billion), 2018-2023
8. Europe Meat Substitute Market Forecast: Breakup by Type (USD Billion), 2024-2032
9. Europe Meat Substitute Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Europe Meat Substitute Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Europe Meat Substitute Market Structure
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