Europe Meat Substitutes Market Introduction and Overview
According to SPER Market Research, the Europe Meat Substitutes Market is estimated to reach USD 7.96 Billion by 2033 with a CAGR of 10.1%.
The report includes an in-depth analysis of the Europe Meat Substitutes Market, including market size and trends, product mix, applications, and supplier analysis. Meat substitutes are plant-based products that mimic the flavour, texture, and appearance of meat. They are often created from soy, peas, wheat gluten, mushrooms, and jackfruit that have been processed and flavoured to imitate various meat items. Meat substitutes are a sustainable and cruelty-free alternative to traditional meat, addressing concerns about health, animal welfare, and environmental sustainability.
- September 2023: House Food Groups Inc. bought 100% of Keystone Natural Holdings, LLC ("KNH"), North America's leading manufacturer of tofu and plant-based meals. The acquisition is intended to help the company expand in the United States and Europe, with tofu as its main product.
- July 2023: Beyond Meat expanded its line in Germany with two new plant-based chicken-style products: Beyond Nuggets and Beyond Tenders, which are available in over 1,600 REWE supermarkets.
- March 2023: International Flavours & Fragrances Inc. introduces SUPRO® TEX, a new plant-based protein with excellent process tolerance, neutral flavour, and colour that opens up unlimited product design and formulation possibilities. SUPRO® TEX is based on soybean protein.
Market Opportunities and Challenges
In the Europe meat alternatives market, opportunities abound for producers to innovate and set their goods apart by delivering unique flavors, textures, and formulas that cater to diverse consumer tastes and cultural preferences. Collaborating with merchants and foodservice providers can help meat alternatives reach new consumer categories and geographical regions. Effective marketing and branding initiatives emphasising the health, environmental, and ethical benefits of meat substitutes can help raise consumer awareness and acceptance. Furthermore, encouraging collaboration among industry stakeholders, such as manufacturers, retailers, foodservice providers, and advocacy groups, can boost innovation, reduce supply chain difficulties, and encourage market expansion. Overall, the pursuit of product innovation, combined with strategic alliances, is expected to fuel growth in Europe's meat replacements market.
Several barriers to widespread use of meat alternatives in Europe exist. Despite improvements in taste and texture, some customers still consider meat replacements as inferior to conventional meat products, limiting their popularity. Furthermore, the perceived higher cost of meat replacements compared to normal meat creates economic issues for price-sensitive consumers. Supply chain constraints, such as raw material sourcing and distribution logistics, have an additional impact on market availability and accessibility. Regulatory difficulties and labelling requirements for meat alternatives can also cause consumer confusion and stifle business expansion. Addressing these obstacles would necessitate collaborative efforts from industry stakeholders to improve product quality, price, and labelling clarity, resulting in increased acceptance and market penetration of meat replacements in Europe.
Market Competitive Landscape
The European meat substitute market is fiercely competitive, with a diversified set of global and regional firms vying for market dominance. The major key players in the Europe Meat Substitutes Market are: Amy's Kitchen Inc., Associated British Foods PLC, Beyond Meat Inc., Conagra Brands Inc., House Foods Group Inc., International Flavors & Fragrances Inc., JBS SA, Monde Nissin Corporation, Plant Meat Limited, The Tofoo Co. Ltd, VBites Food Limited, Vitasoy International Holdings Ltd, Others. Competition is heating up as businesses spend in product innovation, marketing efforts, and development plans to acquire a competitive advantage and capture a larger piece of the expanding market.
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
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| Regions covered | France, Germany, Italy, Netherlands, Russia, Spain, United Kingdom, Rest of Europe
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| Companies Covered | Amy's Kitchen Inc., Associated British Foods PLC, Beyond Meat Inc., Conagra Brands Inc., House Foods Group Inc., International Flavors & Fragrances Inc., JBS SA, Monde Nissin Corporation, Plant Meat Limited, The Tofoo Co. Ltd, VBites Food Limited, Vitasoy International Holdings Ltd, Others |
COVID-19 Impact on Europe Meat Substitutes Market
Because of the COVID-19 epidemic, the meat alternatives business has expanded significantly, driven by increased consumer expenditure on health-conscious food goods. Shortages of animal goods in retail establishments, combined with limits on purchasing meat-based items, have increased demand for plant-based alternatives. This spike in demand has spurred both new and existing food firms to launch a variety of plant-based meat, seafood, and dairy alternatives with unique flavours, textures, and nutritional profiles. Consumers are increasingly focused on strengthening their immune systems and living healthy lives to avoid infection, therefore demand for meat replacements is projected to rise fast.
Key Target Audience:
- Consumers
- Retailers
- Foodservice Providers
- Food Manufacturers
- Distributors and Wholesalers
- Health-Conscious Consumers
- Vegetarians and Vegans
- Environmental Advocates
- Fitness and Athlete Communities
- Nutritionists and Dietitians
- Others
Our in-depth analysis of the Europe Meat Substitutes Market includes the following segments:
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By Product Type:
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Quorn-Based
Seitan-Based
Tempeh-Based
Tofu-Based
Tvp-Based
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By Source:
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Mycoprotein
Soy-Based
Wheat-Based
Others
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By Distribution Channel:
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Off-Trade
On-Trade
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By Category:
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Frozen
Refrigerated
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Key Topics Covered in the Report:
- Europe Meat Substitutes Market Size (FY’2024-FY’2033)
- Overview of Europe Meat Substitutes Market
- Segmentation of Europe Meat Substitutes Market By Product Type (Quorn-Based, Seitan-Based, Tempeh-Based, Tofu-Based, Tvp-Based, Others)
- Segmentation of Europe Meat Substitutes Market By Source (Mycoprotein, Soy-Based, Wheat-Based, Others)
- Segmentation of Europe Meat Substitutes Market By Distribution Channel (Off-Trade, On-Trade)
- Segmentation of Europe Meat Substitutes Market By Category (Frozen, Refrigerated, Shelf Stable)
- Statistical Snap of Europe Meat Substitutes Market
- Expansion Analysis of Europe Meat Substitutes Market
- Problems and Obstacles in Europe Meat Substitutes Market
- Competitive Landscape in the Europe Meat Substitutes Market
- Impact of COVID-19 and Demonetization on Europe Meat Substitutes Market
- Details on Current Investment in Europe Meat Substitutes Market
- Competitive Analysis of Europe Meat Substitutes Market
- Prominent Players in the Europe Meat Substitutes Market
- SWOT Analysis of Europe Meat Substitutes Market
- Europe Meat Substitutes Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Meat Substitutes Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Meat Substitutes Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Meat Substitutes Market
7. Europe Meat Substitutes Market, By Product Type (USD Million)
7.1. Europe Meat Substitutes Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Quorn-Based
7.3. Seitan-Based
7.4. Tempeh-Based
7.5. Tofu-Based
7.6. Tvp-Based
7.7. Others
8. Europe Meat Substitutes Market, By Source (USD Million)
8.1. Europe Meat Substitutes Market Value Share and Forecast, By Source, 2024-2033
8.2. Mycoprotein
8.3. Soy-Based
8.4. Wheat-Based
8.5. Others
9. Europe Meat Substitutes Market, By Distribution Channel (USD Million)
9.1. Europe Meat Substitutes Market Value Share and Forecast, By Distribution Channel, 2024-2033
9.2. Off-Trade
9.2.1. Convenience Stores
9.2.2. Online Channel
9.2.3. Supermarkets and Hypermarkets
9.2.4. Others
9.3. On-Trade
10. Europe Meat Substitutes Market, By Category (USD Million)
10.1. Europe Meat Substitutes Market Value Share and Forecast, By Category, 2024-2033
10.2. Frozen
10.3. Refrigerated
10.4. Shelf Stable
11. Europe Meat Substitutes Market Forecast, 2020-2033 (USD Million)
11.1. Europe Meat Substitutes Market Size and Market Share
12. Europe Meat Substitutes Market, By Product Type, 2020-2033 (USD Million)
12.1. Europe Meat Substitutes Market Size and Market Share By Product Type (2020-2026)
12.2. Europe Meat Substitutes Market Size and Market Share By Product Type (2027-2033)
13. Europe Meat Substitutes Market, By Source, 2020-2033 (USD Million)
13.1. Europe Meat Substitutes Market Size and Market Share By Source (2020-2026)
13.2. Europe Meat Substitutes Market Size and Market Share By Source (2027-2033)
14. Europe Meat Substitutes Market, By Distribution Channel, 2020-2033 (USD Million)
14.1. Europe Meat Substitutes Market Size and Market Share By Distribution Channel (2020-2026)
14.2. Europe Meat Substitutes Market Size and Market Share By Distribution Channel (2027-2033)
15. Europe Meat Substitutes Market, By Category, 2020-2033 (USD Million)
15.1. Europe Meat Substitutes Market Size and Market Share By Category (2020-2026)
15.2. Europe Meat Substitutes Market Size and Market Share By Category (2027-2033)
16. Europe Meat Substitutes Market, By Region, 2020-2033 (USD Million)
16.1. Europe Meat Substitutes Market Size and Market Share By Region (2020-2026)
16.2. Europe Meat Substitutes Market Size and Market Share By Region (2027-2033)
16.3. France
16.4. Germany
16.5. Italy
16.6. Netherlands
16.7. Russia
16.8. Spain
16.9. United Kingdom
16.10. Rest of Europe
17. Company Profile
17.1. Amy's Kitchen Inc.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Associated British Foods PLC
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Beyond Meat Inc
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Conagra Brands Inc
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. House Foods Group Inc
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. International Flavors & Fragrances Inc
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. JBS SA
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Monde Nissin Corporation
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Plant Meat Limited
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. The Tofoo Co. Ltd
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. VBites Food Limited
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Vitasoy International Holdings Ltd
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. 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.
