Europe Meat Alternatives Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DFB140 | Last Updated On: Sep 09 2020 | No. of Pages: 194 | Available Formats

> Europe Meat Alternatives Market Expected to reach a high CAGR of 28.67% By 2027: DataM Intelligence

Europe Meat Alternatives Market is segmented By Type (Tofu, Tempeh, Textured Vegetable Protein, Others),  By Source (Soy, Wheat, Mycoprotein), By Sales Channel (Super Markets, Convenience Stores, Online Sales Channel), and By Region (Germany, Uk, France, Netherlands, Italy, and Rest of the Europe) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027 - DataM Intelligence

 

Market Overview

Europe Meat Alternatives Market is expected to grow at a CAGR of 28.67% during the forecasting period (2020-2027).

The advantages of plant-based and meat alternative proteins being cholesterol-free, increasing demand of vegans across Europe and rising health concerns on a regional scale are the major factors responsible for boosting the product demand for Europe Meat Alternatives Market. However, perceptions over the taste of meat alternatives and the extent of nutritional values provided by plant-based alternatives are the major factors responsible for hampering the growth of the Europe Meat Alternatives Market. The Europe Meat Alternatives Market is segmented by Type into Tempeh, Tofu, Textured Vegetable Protein, and others. Based on the Source, the market is segmented as soy protein, wheat protein, mycoprotein, and others. The Market is segmented by Sales Channel into Supermarkets, online sales, convenience stores, and others.

Market Dynamics

The rising number of vegans in Europe and the nutritional & health benefits of meat alternative products are the driving factors for the growth of the market. The high nutritional value of meat alternative products play a vital role in influencing the consumer purchase pattern of end-products, with high protein products expected to witness steady product sales during the forecast period. Meat-alternative soy-based products such as tofu and tempeh have high protein content, vitamins, minerals, and are low in cholesterol. The regular consumption of meat alternative products results in several health benefits, with consumers facing diabetic and heart conditions recommended to start the consumption of meat-free products. The consumers scrutinize the ingredients of products before purchase, comparing the nutritional value of meat alternatives with conventional meat products.

Perception of taste is the key restraint hindering the market growth worldwide. Although there is increasing consumer awareness regarding the adoption of meat substitute products in the European continent, however, perception of taste concerning meat substitute products is a major factor impeding the European Meat Alternative products.

According to a research study published in the Science Direct Journal, beneficial foods are likely to be bitter or have some off-taste associated with them. These bitterness and off-taste characteristics are more predominant in plant-based foods which might restrain people from adopting meat substitute products.

Market Segmentation

By type, the Europe meat alternatives market is segmented into tofu, tempeh, textured vegetable protein, and others. The Europe Textured Vegetable Protein Meat Alternatives Market market is valued at USD 559.23 Mn in 2018 and is estimated to grow at a CAGR of 7.19% over the forecast period to reach a USD XX Mn by 2026. Texturized Vegetable Protein is a processed vegan meat substitute made by taking soy flour, a by-product of soy oil production and removing the fat using solvents. The result is a high-protein, low-fat product. Texturized Vegetable Protein has a mince-like texture, allowing flexibility to the consumers to design food items in the shape of nuggets and chunks.

The texturized vegetable protein is a low cost, with easy-to-use ingredients, propelling its popularity in the market based on product features. The regional companies thus target market expansion into the newer European markets to increase sales revenue. For instance, on July 05, 2018, Spain based start-up Foods for Tomorrow developed a new generation of plant-based protein products.

By the sales channel, the Europe meat alternatives market is segmented into supermarkets, convenience stores, and online sales channels. The Europe Super Markets Meat Alternatives Market market is valued at USD 686.64 Mn in 2018 and is estimated to grow at a CAGR of XX % over the forecast period to reach a USD XX Mn by 2026. The changing perceptions of consumers regarding meat products have propelled supermarkets to stock alternative products, focusing on maintaining financial revenue and competitive edge over others. According to UK-based Sainsbury, the supermarket witnessed an 82 percent increase in customers searching for vegan products online year on year, and a 65 percent increase in sales of plant-based products year-on-year, as customers increasingly opt for meat-free meals. 

The recent market trend of consumers opting for meat alternative products, compelling retailers and supermarket chains to update its product portfolio in an attempt to keep up with the customers’ increasingly health-conscious food choices. The supermarkets and retail outlets recognize the recent market trend and are open to providing customers with meat-free alternatives. For instance, on January 28, 2019, leading United Kingdom supermarket chain Sainsbury announced that it will be selling vegetarian and vegan meat alternatives alongside animal meat at its butcher counter.

Geographical Analysis

The Europe Market consists of Germany, United Kingdom, France, Netherlands, Italy and the Rest of Europe. The Germany Meat Alternatives Market is valued at USD 330.29 Mn in 2018 and is estimated to grow at a CAGR of XX % over the forecast period to reach a USD XX Mn by 2026. The Germany Meat Alternatives Market growing at a steady pace owing to the increasing number of vegans in Germany and rising health concerns of meat-based foods. The increasing demand for meat substitute products in Germany is a major factor boosting the German meat alternatives market. 

Moreover, according to a research study by the US Department of Agriculture Foreign Agricultural Service, German veganism has become increasingly popular and it is home to the most vegan product launches in the world.  In 2015, 10% of new food and drink product launches in Germany were vegan, an increase from 3% in 2013. This is the result of the population that is increasingly concerned about animal welfare, the environment, and health.

Competitive Landscape

The Europe Meat Alternatives Market is fragmented, with the market presence of a large number of companies offering meat-free food items with moderate product differentiation and competitive pricing structure.

For instance, on November 15, 2018, United Kingdom-based Quorn Foods opened up a new meat alternative production facility in Billingham, North East of England. The factory space of 9500 square meters would double the production capacity of Quorn’s core products, adding approximately 20,000 tonnes of production volume per annum.

On March 17, 2019, Vegan brand Plant Power announced the launch of its tempeh products in the UK supermarket chain Sainsbury's, being among the first of its kind to stock tempeh in the mainstream United Kingdom retail market.

On Mar 26, 2019, Upton’s Naturals, an independently-owned vegan company that was the first to produce flavored seitan in the United States, announced the launch of its popular Italian, Bacon and Chorizo Seitan in the European markets, targeting retail stores in the United Kingdom, including 800 Holland & Barrett and more than 300 Sainsbury’s stores as primary distributor outlets of the flavored seitan end-products.

Why Purchase the Report?

  • Visualize the composition of the Europe meat alternatives in terms of various types of type, source and their sales channel highlighting the key commercial assets and players.
  • Identify commercial opportunities in the europe meat alternatives market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of europe meat alternatives market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Europe Meat Alternatives report would provide access to an approx, YY data tables, YY figures, and 150 pages.

Target Audience

 

Related Reports

Meat Alternatives Market

Meat Testing Market

Meat Snacks Market

Frozen Meat Market

Cultured Meat Market

Plant Based Meat Market

 

 

 

 

Table of Contents 

  1. Europe Meat Alternatives Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Europe Meat Alternatives Market – Market Definition and Overview

  3. Europe Meat Alternatives Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Source
    3. Market Snippet by Sales Channel
    4. Market Snippet by Region
  4. Europe Meat Alternatives Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising number of vegans in europe
        2. Nutritional & health benefits of meat alternative products
      2. Restraints
        1. Perception of taste
      3. Opportunity
      4. Impact Analysis
  5. Europe Meat Alternatives Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Europe Meat Alternatives Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Tofu*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Tempeh
    4. Textured Vegetable Protein
    5. Others
  7. Europe Meat Alternatives Market – By Source

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Source
      2. Market Attractiveness Index, By Source
    2. Soy*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Wheat
    4. Mycoprotein
  8. Europe Meat Alternatives Market – By Sales Channel

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      2. Market Attractiveness Index, By Sales Channel
    2. Super Markets*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Convenience Stores
    4. Online Sales Channel
  9. Europe Meat Alternatives Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Source
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Sales Channel
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Netherlands
        5. Italy
        6. Rest of Europe
  10. Europe Meat Alternatives Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Europe Meat Alternatives Market Company Profiles

    1. Amy's Kitchen, Inc.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Taifun-Tofu GmbH
    3. VBites Foods Limited
    4. Vantastic foods
    5. Quorn Foods Ltd. (acquired by Monde Nissin Corporation)
    6. Schouten
    7. Archer Daniels Midland Company
    8. DowDuPont Inc.
    9. Meatless BV
    10. Cauldron Foods ("List not exhaustive")
  12. Europe Meat Alternatives Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01 Europe Meat Alternatives Market Value, By Type, 2018,2022 & 2027 (USD Million)

Table 02 Europe Meat Alternatives Market Value, By Source, 2018,2022 & 2027 (USD Million)

Table 03 Europe Meat Alternatives Market Value, By Sales Channel, 2018,2022 & 2027 (USD Million)

Table 04 Europe Meat Alternatives Market Value, By Region, 2018,2022 & 2027 (USD Million)

Table 05 Europe Meat Alternatives Market Value, By Type, 2018,2022 & 2027 (USD Million)

Table 06 Europe Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 07 Europe Meat Alternatives Market Value, By Source, 2018,2022 & 2027 (USD Million)

Table 08 Europe Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 09 Europe Meat Alternatives Market Value, By Sales Channel, 2018,2022 & 2027 (USD Million)

Table 10 Europe Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 11 Europe Meat Alternatives Market Value, By Country, 2018,2022 & 2027 (USD Million)

Table 12 Europe Meat Alternatives Market Value, By Country, 2017-2027 (USD Million)

Table 13 Germany Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 14 Germany Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 15 Germany Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 16 U.K. Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 17 U.K. Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 18 U.K. Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 19 France Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 20 France Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 21 France Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 22 Netherlands Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 23 Netherlands Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 24 Netherlands Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 25 Italy Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 26 Italy Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 27 Ittaly Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 28 Rest of Europe Meat Alternatives Market Value, By Type, 2017-2027 (USD Million)

Table 29 Rest of Europe Meat Alternatives Market Value, By Source, 2017-2027 (USD Million)

Table 30 Rest of Europe Meat Alternatives Market Value, By Sales Channel, 2017-2027 (USD Million)

Table 31 Amy's Kitchen, Inc.: Overview

Table 32 Amy's Kitchen, Inc.: Product Portfolio

Table 33 Amy's Kitchen, Inc.: Key Developments

Table 34 Taifun-Tofu GmbH: Overview

Table 35 Taifun-Tofu GmbH: Product Portfolio

Table 36 Taifun-Tofu GmbH: Key Developments

Table 37 VBites Foods Limited: Overview

Table 38 VBites Foods Limited: Product Portfolio

Table 39 VBites Foods Limited: Key Developments

Table 40 Vantastic foods: Overview

Table 41 Vantastic foods: Product Portfolio

Table 42 Vantastic foods: Key Developments

Table 43 Quorn Foods Ltd.: Overview

Table 44 Quorn Foods Ltd.: Product Portfolio

Table 45 Quorn Foods Ltd.: Key Developments

Table 46 Schouten: Overview

Table 47 Schouten: Product Portfolio

Table 48 Schouten: Key Developments

Table 49 Archer Daniels Midland Company: Overview

Table 50 Archer Daniels Midland Company: Product Portfolio

Table 51 Archer Daniels Midland Company: Key Developments

Table 52 DowDuPont Inc.: Overview

Table 53 DowDuPont Inc.: Product Portfolio

Table 54 DowDuPont Inc.: Key Developments

Table 55 Meatless BV: Overview

Table 56 Meatless BV: Product Portfolio

Table 57 Meatless BV: Key Developments

Table 58 Cauldron Foods: Overview

Table 59 Cauldron Foods: Product Portfolio

Table 60 Cauldron Foods: Key Developments

 

List of Figures

Figure 01 Europe Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 02 Europe Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 03 Europe Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 04 Europe Meat Alternatives Market Share, By Country, 2018 & 2027 (%)

Figure 05 Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 06 Europe Meat Alternatives Market Y-o-Y Growth, By Type, 2018-2027 (%)

Figure 07 Tofu: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 08 Tempeh: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 09 Texture Vegetable Protein: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 10 Others: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 11 Europe Meat Alternatives Market Y-o-Y Growth, By Source, 2018-2027 (%)

Figure 12 Soy: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 13 Wheat: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 14 Mycoprotein: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 15 Europe Meat Alternatives Market Y-o-Y Growth, By Sales Channel, 2018-2027 (%)

Figure 16 Super Markets: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 17 Convenience Stores: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 18 Online Sales Channel: Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 19 Europe Meat Alternatives Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 20 Germany Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 21 Germany Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 22 Germany Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 23 Germany Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 24 U.K. Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 25 U.K. Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 26 U.K. Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 27 U.K. Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 28 France Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 29 France Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 30 France Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 31 France Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 32 Netherlands Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 33 Netherlands Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 34 Netherlands Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 35 Netherlands Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 36 Italy Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 37 Italy Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 38 Italy Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 39 Italy Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 40 Rest of Europe Meat Alternatives Market Value, 2017-2027 (USD Million)

Figure 41 Rest of Europe Meat Alternatives Market Share, By Type, 2018 & 2027 (%)

Figure 42 Rest of Europe Meat Alternatives Market Share, By Source, 2018 & 2027 (%)

Figure 43 Rest of Europe Meat Alternatives Market Share, By Sales Channel, 2018 & 2027 (%)

Figure 44 Amy's Kitchen, Inc.: Financials

Figure 45 Taifun-Tofu GmbH: Financials

Figure 46 VBites Foods Limited: Financials

Figure 47 Vantastic foods: Financials

Figure 48 Quorn Foods Ltd.: Financials

Figure 49 Schouten: Financials

Figure 50 Archer Daniels Midland Company: Financials

Figure 51 DowDuPont Inc.: Financials

Figure 52 Meatless BV: Financials

Figure 53 Cauldron Foods: Financials

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest