PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314923
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314923
According to SPER Market Research, 'Europe Plant-based Food Market Size- By Type, By Source, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Plant-based Food Market is predicted to reach USD 24.62 billion by 2033 with a CAGR of 10.42%.
Plant-based food refers to food items that are primarily derived from plants, including fruits, vegetables, grains and nuts. These foods are consumed as alternatives to animal-based products and can provide essential nutrients, vitamins, and minerals. Plant-based diets typically emphasize the consumption of whole foods and minimize or exclude animal products such as meat, poultry, seafood, dairy, and eggs.
The COVID-19 pandemic has had a profound impact on the Europe plant-based food market. Increased consumer demand for healthier and sustainable options has driven the growth of the sector. Supply chain disruptions affected availability, while retail channels experienced a surge in sales as restaurants closed. The crisis stimulated innovation, with companies developing new plant-based products.