Europe Meat Substitutes Market Size- By Product Type, By Source, By Distribution Channel, By Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Meat Substitutes Market Size- By Product Type, By Source, By Distribution Channel, By Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Meat Substitutes Market Introduction and Overview

According to SPER market research, ‘Europe Meat Substitutes Market Size- By Product Type, By Source, By Distribution Channel, By Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Europe Meat Substitutes Market is predicted to reach USD 7.96 Billion by 2033 with a CAGR of 10.1%.

Meat substitutes are defined as fake meat (raw artificial meat) derived from plants. They are created from non-animal protein and have a similar appearance and aroma to meat. They’re also known as plant-based meat, vegan meat, meat substitute, mimic meat, imitation meat, or vegetarian meat.The increased emphasis on health and wellbeing is boosting demand for meat replacements as people seek nutritious and protein-rich alternatives to meat.

The Covid-19 pandemic has expedited current trends and increased demand for meat alternatives, as consumers seek healthier and more sustainable food options, store up on pantry goods, and look for alternative protein sources. While the pandemic has affected supply chains and retail operations, the meat substitute market’s resilience and adaptability have contributed to continued expansion and customer interest in plant-based eating.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product Type, By Source, By Distribution Channel, By Category
Regions covered France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom, Rest of Europe

Companies Covered

Amy's Kitchen Inc., Associated British Foods PLC, Beyond Meat Inc., Conagra Brands Inc., House Foods Group Inc., International Flavors & Fragrances Inc., Plant Meat Limited, The Tofoo Co. Ltd, VBites Food Limited, Vitasoy International Holdings Ltd, Others

Europe Meat Substitutes Market Segmentation

By Product Type:Based on the Product Type, Europe Meat Substitutes Market is segmented as; Quorn-Based, Seitan-Based, Tempeh-Based, Tofu-Based, Tvp-Based, Others.

By Source:Based on the Source, Europe Meat Substitutes Market is segmented as; Mycoprotein, Soy-Based, Wheat-Based, Others.

By Distribution Channel:Based on the Distribution Channel, Europe Meat Substitutes Market is segmented as; Off-Trade (Convenience Stores, Online Channel, Supermarkets and Hypermarkets, Others), On-Trade.