Europe Plant-based Food Market Growth, Trends, Size, Revenue, Challenges and Future Outlook
Europe Plant-based Food Market Size- By Type, By Source, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: FOOD2362 | Pages: 1 - 154 | Formats*: |
| Category : Food & Beverages | |||
Europe Plant-based Food Market Introduction and Overview
According to SPER Market Research, the Europe Plant-based Food Market is estimated to reach USD 24.62 billion by 2033 with a CAGR of 10.42%.
Plant-based food refers to a category of food products that are composed of ingredients derived from plants, including fruits, vegetables, grains, legumes, nuts, and seeds. These food items serve as substitutes for traditional animal-based products due to their exclusion of any substances obtained from animals. People choose plant-based meals as alternatives to conventional animal-based products because they are free from animal-derived ingredients. Plant-based diets are often embraced for their perceived health benefits, ethical considerations regarding animal welfare, and environmental sustainability. By opting for plant-based foods, individuals can enjoy a variety of nutritious and flavorful options while aligning with their personal values and dietary preferences.
- Market development in 2023-2033: driven by the Increasing Health Consciousness. Growing awareness about the health benefits associated with plant-based diets, including reduced risk of chronic diseases, weight management, and improved overall well-being, is driving the demand for plant-based food in Europe.
- Animal Welfare and Ethical Considerations: Growing awareness and concern for animal welfare are leading consumers to choose plant-based food options, as these products are perceived as more ethical and humane compared to traditional animal-derived products.
- Plant-Based Together: The municipality of Altena in North Brabant, Netherlands, has launched a campaign called "Plant-Based Together" to encourage local educational institutions, shops, and restaurants to promote and support plant-based diets. The initiative aims to inspire residents to opt for vegan meals whenever possible.
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Market Opportunities and Challenges
There are several opportunities and difficulties facing the European plant-based food business. The growing consumer demand for plant-based food items, which is being driven by issues including health consciousness, environmental concerns, and ethical considerations, is one of the major potential. Consumers are increasingly choosing plant-based diets, which is fostering a favourable atmosphere for businesses to develop novel and varied plant-based food options. Additionally, the European market gains from a favourable regulatory atmosphere and government programmes that support sustainable and healthy eating practises. The emphasis on sustainability and the promotion of plant-based diets by the European Union through regulations and guidelines expands the market prospects for producers of plant-based foods.
The market for plant-based foods in Europe, however, also confronts difficulties. The idea that foods made from plants may be more expensive than traditional animal-based alternatives is one of the main obstacles. Plant-based alternatives' affordability and price competitiveness may limit their appeal, especially to consumers who are price conscious. The requirement for greater consumer knowledge and education presents another difficulty. Even while plant-based diets are becoming more and more popular, there is still a shortage of information and awareness on the advantages and accessibility of plant-based food options.
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Market Competitive Landscape
The plant-based food market in Europe is characterized by a high degree of fragmentation, with numerous prominent market players operating throughout the region. These key players are employing various business strategies such as collaborations, mergers, acquisitions, partnerships, and new product launches to enhance their market presence and gain a competitive edge over their rivals. By adopting these strategies, these companies aim to expand their market reach, strengthen their market position, and establish themselves as leaders in the growing plant-based food market. The key players in the Europe Plant-based Food Market include Amy’s Kitchen Inc., Berief Food GmbH, Beyond Meat Inc., Conagra Brands Inc., Danone SA, Hain Celestial Group Inc., Marlow Foods Ltd., Nestlé S.A., Plamil Foods Ltd, Plant & Bean Ltd, Taifun -Tofu GmbH, The Meatless Farm, Unilever PLC, Vbite Food Ltd, Veganz Group AG, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Source, By Distribution Channel |
| Regions covered | France, Germany, Italy, Netherlands, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Amy’s Kitchen Inc., Berief Food GmbH, Beyond Meat Inc., Conagra Brands Inc., Danone SA, Hain Celestial Group Inc., Marlow Foods Ltd., Nestlé S.A., Plamil Foods Ltd, Plant & Bean Ltd, Taifun -Tofu GmbH, The Meatless Farm, Unilever PLC, Vbite Food Ltd, Veganz Group AG, Others |
COVID-19 Impact on Europe Plant-based Food Market?
The COVID-19 pandemic has led to changes in consumer behaviour, with a greater emphasis on sustainability, ethics, and conscious consumption. This shift has contributed to the increasing popularity of plant-based foods in Europe. European governments have recognized the potential of the plant-based food industry and have provided financial support and incentives to promote sustainable food systems and reduce greenhouse gas emissions. Additionally, disruptions in the meat industry due to the pandemic, such as outbreaks in meat processing plants and concerns over food safety, have prompted some consumers to switch to plant-based alternatives. This shift has compelled traditional meat producers to adapt and explore plant-based product lines to remain competitive.
Key Target Audience
- Environmental Advocates
- Ethical Consumers
- Flexitarians
- Food Allergy or Intolerance Sufferers
- Foodservice Providers
- Health-Conscious Consumers
- Millennials and Generation Z
- Retailers and Supermarkets
- Urban Dwellers
- Vegetarians and Vegans
Our in-depth analysis of the Europe Plant-based Food Market includes the following segments:
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Key Topics Covered in the Report
- Europe Plant-based Food Market Size (FY’2023-FY’2033)
- Overview of Europe Plant-based Food Market
- Segmentation of Europe Plant-based Food Market By Type (Baked Goods, Confectionery, Dairy Alternatives, Egg Substitutes, Meals, Meat Substitutes, RTD Beverages, Seafood Substitutes, Others)
- Segmentation of Europe Plant-based Food Market By Source (Nuts, Pea, Rice, Soy, Wheat, Others)
- Segmentation of Europe Plant-based Food Market By Distribution Channel (Business-to-Business, Modern Groceries, Convenience Store, Specialty Store, Online Retail, Others)
- Statistical Snap of Europe Plant-based Food Market
- Expansion Analysis of Europe Plant-based Food Market
- Problems and Obstacles in Europe Plant-based Food Market
- Competitive Landscape in the Europe Plant-based Food Market
- Impact of COVID-19 and Demonetization on Europe Plant-based Food Market
- Details on Current Investment in Europe Plant-based Food Market
- Competitive Analysis of Europe Plant-based Food Market
- Prominent Players in the Europe Plant-based Food Market
- SWOT Analysis of Europe Plant-based Food Market
- Europe Plant-based Food Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Plant-based Food Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Plant-based Food Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Plant-based Food Market
7. Europe Plant-based Food Market, By Type (USD Million)
7.1. Europe Plant-based Food Market Value Share and Forecast, By Type, 2023-20337.2. Baked Goods7.3. Confectionery7.4. Dairy Alternatives7.5. Egg Substitutes7.6. Meals7.7. Meat Substitutes7.8. RTD Beverages7.9. Seafood Substitutes7.10. Others
8. Europe Plant-based Food Market, By Source (USD Million)
8.1. Europe Plant-based Food Market Value Share and Forecast, By Source, 2023-20338.2. Nuts8.3. Pea8.4. Rice8.5. Soy8.6. Wheat8.7. Others
9. Europe Plant-based Food Market, By Distribution Channel (USD Million)
9.1. Europe Plant-based Food Market Value Share and Forecast, By Distribution Channel, 2023-20339.2. Business-to-Business9.3. Convenience Store9.4. Modern Groceries9.5. Online Retail9.6. Specialty Store9.7. Others
10. Europe Plant-based Food Market Forecast, 2019-2033 (USD Million)
10.1. Europe Plant-based Food Market Size and Market Share
11. Europe Plant-based Food Market, By Type, 2019-2033 (USD Million)
11.1. Europe Plant-based Food Market Size and Market Share By Type (2019-2026)11.2. Europe Plant-based Food Market Size and Market Share By Type (2027-2033)
12. Europe Plant-based Food Market, By Source, 2019-2033 (USD Million)
12.1. Europe Plant-based Food Market Size and Market Share By Source (2019-2026)12.2. Europe Plant-based Food Market Size and Market Share By Source (2027-2033)
13. Europe Plant-based Food Market, By Distribution Channel, 2019-2033 (USD Million)
13.1. Europe Plant-based Food Market Size and Market Share By Distribution Channel (2019-2026)13.2. Europe Plant-based Food Market Size and Market Share By Distribution Channel (2027-2033)
14. Europe Plant-based Food Market, By Region, 2019-2033 (USD Million)
14.1. Europe Plant-based Food Market Size and Market Share By Region (2019-2026)14.2. Europe Plant-based Food Market Size and Market Share By Region (2027-2033)14.3. France14.4. Germany14.5. Italy14.6. Netherlands14.7. Spain14.8. United Kingdom14.9. Rest of Europe
15. Company Profile
15.1. Amy’s Kitchen Inc.
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Berief Food GmbH
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Beyond Meat Inc.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Conagra Brands Inc
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Danone SA
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Hain Celestial Group Inc.
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Marlow Foods Ltd.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Nestlé S.A.
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Plamil Foods Ltd
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Plant & Bean Ltd
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Taifun -Tofu GmbH
15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments
15.12. The Meatless Farm
15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments
15.13. Unilever PLC
15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments
15.14. Vbite Food Ltd
15.14.1. Company details15.14.2. Financial outlook15.14.3. Product summary15.14.4. Recent developments
15.15. Veganz Group AG
15.15.1. Company details15.15.2. Financial outlook15.15.3. Product summary15.15.4. Recent developments
15.16. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Plant-based Food Market is projected to reach USD 24.62 billion by 2033, growing at a CAGR of 10.42% during the forecast period.
Europe Plant-based Food Market grew in market size from 2022. The Market is expected to reach USD 24.62 billion by 2033, at a CAGR of 10.42% during the forecast period.
Europe Plant-based Food Market CAGR of 10.42% during the forecast period.
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Europe Plant-based Food Market size is USD 24.62 billion from 2023 to 2033.
Europe Plant-based Food Market Segment is covered By Type, By Source, By Distribution Channel.
The Europe region is anticipated to have the highest market share in the Europe Plant-based Food Market.
The key players in the market include Companies Covered Amy’s Kitchen Inc., Berief Food GmbH, Beyond Meat Inc., Conagra Brands Inc., Danone SA, Hain Celestial Group Inc., Marlow Foods Ltd., Nestlé S.A., Plamil Foods Ltd, Plant & Bean Ltd, Taifun -Tofu GmbH, The Meatless Farm, Unilever PLC, Vbite Food Ltd, Veganz Group AG, Others.
Plant-based alternatives' affordability and price competitiveness may limit their appeal, especially to consumers who are price conscious. The requirement for greater consumer knowledge and education presents another difficulty.
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