Europe Meat Substitute Market, By Product ; By Source ; By Category ; By Distribution Channel (Off-Trade, On-Trade); By Country, 2019-2029

List of Tables

Europe Meat Substitute Market Size More Than Doubles at Robust CAGR of 13.09% During 2023-2029, Touching USD 3.43 Billion by 2029

Europe Meat Substitute Market is flourishing due to an increasing demand for plant-based protein alternatives, health consciousness, environmental sustainability concerns, and increasing popularity of vegetarianism.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe Meat Substitute Market size at USD 1.64 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe Meat Substitute Market size to grow at a robust CAGR of 13.09% reaching a value of USD 3.43 billion by 2029. Europe Meat Substitute Market is driven by increasing consumer awareness of health and environmental concerns, fostering a shift towards plant-based diets. Growing concerns about animal welfare, coupled with a rising demand for sustainable and ethical food choices, fuel the market's expansion. Innovations in meat substitute products, offering taste and texture akin to traditional meat, further stimulate consumer adoption. Government initiatives promoting plant-based diets, coupled with a surge in vegetarian and flexitarian lifestyles, contribute to market growth. Also, the convenience and accessibility of meat alternatives in retail outlets and restaurants propel the European Meat Substitute Market forward.

Opportunity - Growing Demand for Natural and Organic Products

Europe Meat Substitute Market experiences a robust growth, as the demand for natural and organic products surges. Consumers are increasingly prioritizing health and sustainability, driving a shift towards chemical-free and environmentally friendly options. This trend is reflected in the rising preference for bath and shower products that feature natural ingredients, promoting both personal well-being and eco-conscious choices. Manufacturers catering to this demand are poised to capitalize on the market's expansion, tapping into the growing consumer awareness of the benefits associated with natural and organic formulations in the realm of bath and shower products.

Impact of Escalating Geopolitical Tensions on Europe Meat Substitute Market

Escalating geopolitical tensions, notably the Russia-Ukraine conflict, have impacted the Europe Meat Substitute Market. The region's reliance on soy and wheat imports for producing plant-based alternatives has led to supply chain disruptions, causing price volatility. Also, shifting consumer sentiments amidst political uncertainties have influenced purchasing behavior, with some opting for locally sourced alternatives. Heightened geopolitical risks also pose challenges for market expansion and strategic partnerships. As political tensions persist, the meat substitute market in Europe faces ongoing uncertainties, necessitating adaptive strategies for stakeholders to navigate geopolitical complexities and sustain growth.

Europe Meat Substitute Market - By Source

based on source, Europe Meat Substitute Market is divided into Soy-based, Wheat-based, and Mycoprotein segments. The soy-based segment is the largest, reflecting a substantial consumer preference for plant-based protein derived from soy. This segment's dominance is attributed to factors such as nutritional value, versatility in culinary applications, and a growing demand for sustainable and cruelty-free protein sources. As plant-based diets gain popularity, the soy-based segment continues to lead the market, driving innovation and expanding its presence in the evolving landscape of meat alternatives across Europe.

Competitive Landscape

Europe Meat Substitute Market is fiercely competitive. Major companies in the market include Amy's Kitchen Inc., Associated British Foods PLC, Beyond Meat Incorporated, Conagra Brands Incorporated, House Foods Group Inc., International Flavors & Fragrances Inc., Monde Nissin Corporation, Plant Meat Limited, The Tofoo Co. Ltd, and Vitasoy International Holdings Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Europe Meat Substitute Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Meat Substitute Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Europe Meat Substitute Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC231027

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Europe Meat Substitute Market Insights

3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
  - 3.1.2.1. Growing health and environmental concerns
  - 3.1.2.2. Rising vegetarian and vegan population
- 3.1.3. Restraints
  - 3.1.3.1. Price sensitivity
  - 3.1.3.2. Taste and texture challenges
- 3.1.4. Opportunities
  - 3.1.4.1. Product diversification
  - 3.1.4.2. Nutritional enhancement
- 3.1.5. Challenges
  - 3.1.5.1. Competitive landscape
  - 3.1.5.2. Consumer education
3.2. Technological Advancements/Recent Developments
3.3. Regulatory Framework
3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry

4. Europe Meat Substitute Market Overview

4.1. Market Product & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Product
  - 4.2.1.1. Tempeh
  - 4.2.1.2. Textured Vegetable Protein
  - 4.2.1.3. Tofu Source
  - 4.2.1.4. Others
- 4.2.2. By Source
  - 4.2.2.1. Soy-based
  - 4.2.2.2. Wheat-based
  - 4.2.2.3. Mycoprotein
  - 4.2.2.4. Others
- 4.2.3. By Category
  - 4.2.3.1. Frozen
  - 4.2.3.2. Refrigerated
  - 4.2.3.3. Shelf Stable
- 4.2.4. By Distribution Channel
  - 4.2.4.1. Off-Trade
  - 4.2.4.1.1. Convenience Stores
  - 4.2.4.1.2. Online Channel
  - 4.2.4.1.3. Supermarkets & Hypermarkets
  - 4.2.4.1.4. Others
  - 4.2.4.2. On-Trade
- 4.2.5. By Country
  - 4.2.5.1. Germany
  - 4.2.5.2. United Kingdom
  - 4.2.5.3. Italy
  - 4.2.5.4. France
  - 4.2.5.5. Spain
  - 4.2.5.6. Belgium
  - 4.2.5.7. Russia
  - 4.2.5.8. The Netherlands
  - 4.2.5.9. Rest of Europe

5. Competitive Landscape

5.1. List of Key Players and Their Offerings
5.2. Europe Meat Substitute Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

6. Impact of Escalating Geopolitical Tensions on Europe Meat Substitute Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

7.1. Amy's Kitchen Inc.
7.2. Associated British Foods PLC
7.3. Beyond Meat Incorporated
7.4. Conagra Brands Incorporated
7.5. House Foods Group Inc.
7.6. International Flavors & Fragrances Inc.
7.7. Monde Nissin Corporation
7.8. Plant Meat Limited
7.9. The Tofoo Co. Ltd
7.10. Vitasoy International Holdings Ltd
7.11. Other Prominent Players

8. Key Strategic Recommendations

9. Research Methodology

9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Country
9.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC231027

List of Figures

Figure 1 Europe Meat Substitute Segmentation
Figure 2 Europe Meat Substitute Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Meat Substitute Market Size, By Value (USD Billion), 2019-2029
Figure 5 Europe Meat Substitute Market Share, By Product, By Value, 2019-2029
Figure 6 Europe Meat Substitute Market Share, By Source, By Value, 2019-2029
Figure 7 Europe Meat Substitute Market Share, By Category, By Value, 2019-2029
Figure 8 Europe Meat Substitute Market Share, By Distribution Channel, By Value, 2019-2029
Figure 9 Europe Meat Substitute Market Share, By Country, By Value, 2019-2029

List of Tables

Table 1 Europe Meat Substitute Market Size, By Value (USD Billion), 2019-2029
Table 2 Europe Meat Substitute Market Size, By Product, By Value, 2019-2029
Table 3 Europe Meat Substitute Market Size, By Source, By Value, 2019-2029
Table 4 Europe Meat Substitute Market Size, By Category, By Value, 2019-2029
Table 5 Europe Meat Substitute Market Size, By Distribution Channel, By Value, 2019-2029
Table 6 Europe Meat Substitute Market Size, By Country, By Value, 2019-2029
Table 7 Amy's Kitchen Inc. Company Overview
Table 8 Amy's Kitchen Inc. Financial Overview
Table 9 Associated British Foods PLC Company Overview
Table 10 Associated British Foods PLC Financial Overview
Table 11 Beyond Meat Incorporated Company Overview
Table 12 Beyond Meat Incorporated Financial Overview
Table 13 Conagra Brands Incorporated Company Overview
Table 14 Conagra Brands Incorporated Financial Overview
Table 15 House Foods Group Inc. Company Overview
Table 16 House Foods Group Inc. Financial Overview
Table 17 International Flavors & Fragrances Inc. Company Overview
Table 18 International Flavors & Fragrances Inc. Financial Overview
Table 19 Monde Nissin Corporation Company Overview
Table 20 Monde Nissin Corporation Financial Overview
Table 21 Plant Meat Limited Company Overview
Table 22 Plant Meat Limited Financial Overview
Table 23 The Tofoo Co. Ltd Company Overview
Table 24 The Tofoo Co. Ltd Financial Overview
Table 25 Vitasoy International Holdings Ltd Company Overview
Table 26 Vitasoy International Holdings Ltd Financial Overview

Europe Meat Substitute Market, By Product ; By Source ; By Category ; By Distribution Channel (Off-Trade, On-Trade); By Country, 2019-2029

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. Europe Meat Substitute Market Insights

4. Europe Meat Substitute Market Overview

5. Competitive Landscape

6. Impact of Escalating Geopolitical Tensions on Europe Meat Substitute Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

8. Key Strategic Recommendations

9. Research Methodology

List of Figures

List of Tables