Market Research Report
Europe Meat Substitute Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883612|
|Published||Content info||88 Pages
Delivery time: 2-3 business days
|Europe Meat Substitute Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 88 Pages||
Europe meat substitute market was valued at $XX million in 2018 and is anticipated to reach a value of $XX by 2027 with a CAGR of 5.94%. Rising health consciousness is stimulating the growth of meat substitute market in the region.
European meat substitute market is growing mainly due to the growing awareness to improve health conditions coupled with the need to inculcating sustainable habits. Excessive consumption of meat has caused the European market to face challenges like irregularities in both production and consumption of meat, issues related to animal welfare, ethical risks, and environmental risks. This propelled the consumers to switch into meat substitutes. The demand for meat substitute is also driven by an increase in the consumption of convenient food, owing to the urbanized lifestyle and demand for snacks made from mock meats. Moreover, innovations in marketing techniques are also improving; for instance, promotions in social media and across diverse retail channels are driving the demand for plant protein products in Europe. The countries of the United Kingdom, France, Italy, Russia, Spain, Germany and the Rest of Europe are considered for the market analysis.
The growing demand for plant-based protein is a major factor driving the growth of meat substitute market. Plant-based proteins are rich in protein and fiber. Many companies are constantly promoting the good health benefits provided by the consumption of meat analogue.
The Campbell Soup Company, Quorn Foods, Superbom, Meatless BV, Kellog Co., Beyond Meat, Amy's Kitchen Inc., Cauldron Foods, Vegaboom Healthy Option, Vbites Food Ltd., Sonic Biochem Limited, Conagra Brands Inc., MGP Ingredients, The Torfurky Company, and Impossible Foods Inc. are the eminent corporations and companies that are functioning in the market.