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    Europe Plant-based Food Market

    Europe Plant-based Food Market Size, Share, Forecast, & Trends Analysis by Type (Dairy Alternatives, Plant-based Meat, Egg Alternatives, Seafood), Source (Soy, Pea), Distribution Channel (B2B, B2C [Convenience Store, Online Retail]) - Forecast to 2031

    Report ID:MRFB - 104574 Pages: 190 Sep-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 Hours

    The European Plant-based Foods Market was valued at $9.78 billion in 2023. It is expected to reach $21.62 billion by 2031 from an estimated $10.85 billion in 2024, at a CAGR of 10.3% during the forecast period from 2024 to 2031.

    Europe Plant-based Foods Market Size & Forecast

    The growth of this market is driven by the increasing prevalence of animal protein intolerance, the surging interest in vegan and vegetarian diets, increased venture capital investments in plant-based foods enterprises, and ongoing innovations in food technology. In addition, the launch of new products by manufacturers of plant-based foods and protein alternatives is anticipated to generate significant opportunities for market players.

    However, factors such as the higher cost of plant-based foods and a strong consumer preference for animal-based products are expected to pose significant challenges to market growth.

    Europe Plant-based Food Market Growth Drivers

    Rising Popularity of Vegan and Vegetarian Diets Driving Market Growth

    In recent years, vegetarianism and veganism have gained popularity in Europe, driven by increased health awareness, environmental concerns, and compassion for animals. According to the European Vegetarian Union, around 10% of the European population identified as vegetarian in 2023, up from 3% in 2007, while 3% were vegan. A study by Veganz, a German vegan supermarket, found that the number of vegans in Germany has doubled since 2016, reaching 2.8 million in 2023.

    Vegetarian and vegan consumers increasingly favor plant-based foods. The Academy of Nutrition and Dietetics indicates that well-planned vegetarian (including vegan) diets are healthy and nutritionally sufficient. These diets can lower the risk of various health issues, such as ischemic heart disease, type 2 diabetes, hypertension, obesity, and certain cancers. They are suitable for all life stages, including pregnancy, lactation, infancy, childhood, adolescence, and older adulthood, as well as for athletes. Additionally, lactose-intolerant consumers seek dairy alternatives due to their difficulty in digesting lactose, the sugar present in milk and dairy products (Source: National Institutes of Health).

    Lactose tolerance is prevalent in Northern European countries like Sweden and Finland. In contrast, Turkey, Italy, Germany, and Spain have some of the highest rates of lactose intolerance. The target market for plant-based food and beverage products extends beyond vegans to include flexitarians, lactose-intolerant consumers, and those seeking clean-label food and beverage options. Consequently, the increasing popularity of vegan and vegetarian diets is fueling the growth of the plant-based foods market in Europe.

    Europe Plant-based Food Market

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    Innovation in Food Technologies

    Plant-based products are increasingly becoming integral to modern diets. Consumer demand for ethical, sustainable, and healthy protein sources is driving significant investments and innovation in the meat and dairy substitute industry. Innovative food encompasses novel products and ingredients, including alternative meats (both plant-based and cell-culture-based), insect protein, alternative sugars, and flavor enhancers. According to the Good Food Institute, the global alternative proteins sector attracted USD 523 million in disclosed investments in 2023, with approximately USD 190 million allocated for R&D. Additionally, although the number of start-ups in the AgriFood Tech sector is relatively small, the food research and innovation sector secured around USD 6.8 billion in total investment in 2023 (Source: European Commission). This category is led by animal-free meat and dairy alternatives, and healthy ingredients, indicating a strong commitment to supporting alternative proteins in Europe.

    Advancements in plant-based products are boosting consumer interest and expanding shelf space in retail settings. According to the World Resources Institute (WRI), even the most efficient meat source, chicken, converts only about 11% of gross feed energy into animal protein (WRI 2022). This inefficiency highlights the need for a systemic change within the industry. As a result, a technological revolution is underway, producing a variety of plant-based products that can effectively compete with their animal-based counterparts. Consequently, innovation in food technologies is a key driver of market growth.

    Europe Plant-based Foods Market Opportunity

    New Product Launches by Plant-Based Foods Manufacturers Driving Market Growth

    Plant-based products are gaining traction, showcasing significant growth in vegan product development. Companies across the food value chain are seeking to drive growth through innovation and product development in plant-based offerings, both by enhancing their existing brands and introducing new products. Some plant-based product developments in the Europe market are as follows:

    • In March 2024, Gosh! Food Limited, a UK-based plant-based food brand, launched new street food and glaze & grill BBQ kits.
    • In September 2023, Unilever's The Vegetarian Butcher, based in the Netherlands, partnered with Düzgün Food Group from Germany to launch plant-based kebab skewers for the food service sector.
    • In May 2022, The Healthy Protein Co (U.K.) launched Vieve- a vegan protein drink.
    • In October 2021, Nestlé S.A. of Switzerland introduced Garden Gourmet vEGGie, a plant-based egg alternative, along with Garden Gourmet Vrimp, a plant-based shrimp alternative.
    • In July 2021, Beyond Meat Inc. launched Beyond Meatballs in the Netherlands and Switzerland. These meatballs are available in 450 Albert Heijn stores in the Netherlands and can be purchased online through the Picnic supermarket. In Switzerland, they are offered in 120 COOP stores.

    Similarly, numerous food innovators are developing new formulations aimed at transforming the existing protein supply chain, highlighting significant opportunities for vendors in the European plant-based foods market.

    Europe Plant-based Foods Market Analysis: Key Findings

    The Dairy Alternatives Segment to Dominate the Europe Plant-based Foods Market in 2024

    Based on type, the Europe plant-based foods market is segmented into dairy alternatives, meat substitutes, plant-based meals, plant-based baked goods, plant-based confectionery, plant-based beverages, egg substitutes, fish and seafood alternatives, and other plant-based foods. In 2024, the dairy alternatives segment is expected to account for the largest share of 67.2% of the Europe plant-based foods market. This segment's large market share can be attributed to the rising number of lactose-intolerant individuals, growing ethical concerns among consumers regarding animal welfare in modern dairy farming, and the nutritional advantages provided by plant-based dairy products.

    However, the fish and seafood alternatives segment is anticipated to register the highest CAGR of 28.7% during the forecast period. This segment's growth is driven by the increasing consumer demand for vegan seafood, increased investment and food innovation in species-specific seafood alternatives, and increased new product launches.

    The Pea Segment to Witness High Demand During the Forecast Period

    Based on source, the Europe plant-based foods market is segmented into soy, almond, wheat, pea, rice, oat, and other sources. In 2024, the soy segment is expected to account for the largest share of the Europe plant-based foods market. This segment's large market share is driven by the easy and extensive availability of raw materials, lower costs compared to other sources, strong demand from meat alternative manufacturers, high levels of consumer acceptance, and its broad range of applications across various food and beverage sectors, including meat, dairy alternatives, and bakery products.

    However, the pea segment is anticipated to register the highest CAGR during the forecast period. This segment's growth is fueled by consumers' increasing demand for sustainable and tasty alternatives to animal-based proteins and a rising number of investments from major manufacturers to boost pea protein production. Furthermore, the growing adoption of pea protein in plant-based foods contributes to this growth. Peas are also allergen-free, gluten-free, and lactose-free, further driving the demand for pea-based products.

    The Business-to-consumer Segment to Dominate the Europe Plant-based Foods Market in 2024

    Based on distribution channel, the Europe plant-based foods market is segmented into business-to-business and business-to-consumer. In 2024, the business-to-consumer segment is expected to account for a larger share of 70.2% of the Europe plant-based foods market. This segment's large market share can be attributed to several factors, including the rising sales of plant-based foods in established supermarkets and hypermarkets, consumer preference for shopping at brick-and-mortar stores due to their accessibility and availability, and increasing consumer spending on vegan products.

    Moreover, the business-to-consumer segment is anticipated to register the highest CAGR of 11.7% during the forecast period. This growth is attributed to the rapidly expanding online retail sector, which offers enhanced accessibility, convenience, and cost-effectiveness.

    Geographical Analysis

    Germany Dominates the Europe Plant-based Foods Market

    Based on geography, the Europe plant-based foods market is majorly segmented into Germany, the U.K., Spain, Italy, France, the Netherlands, Belgium, Austria, Poland, Portugal, Denmark, Romania, Sweden, and the Rest of Europe. In 2024, Germany is expected to account for the largest share of 23.9% of the Europe plant-based foods market. Germany’s plant-based foods market is estimated to be worth USD 2.59 billion in 2024. Several key factors, including the modernization of the F&B industry, increased consumer awareness of the benefits of plant-based foods, growing concerns about animal welfare, and a rise in new product launches within the plant-based foods sector, drive Germany's large market share. Moreover, Germany is poised to register the highest CAGR of 11.3% during the forecast period. This growth is attributed to the rapidly expanding vegetarian population and the increasing number of vegan and vegetarian restaurants in Germany. Veganism is emerging as a significant trend, with the number of vegans doubling from 1.3 million in 2016 to 2.8 million in 2023. Additionally, nearly 75% of German households express a desire for a wider variety of vegetarian products in supermarkets, although less than two-thirds actively purchase these products.

    Europe Plant-based Foods Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the Europe plant-based foods market are Beyond Meat Inc. (U.S.), Danone S.A. (France), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Daiya Foods Inc. (Canada), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plamil Foods Ltd (U.K.), Plant & Bean Ltd (U.K.), Unilever PLC (U.K.), Berief Food GmbH (Germany), Nestlé S.A. (Switzerland), The Meatless Farm (U.K.), and Veganz Group AG (Germany).

    Europe Plant-based Foods Industry Overview: Latest Developments from Key Industry Players

    • In March 2024, Gosh! Food Limited (U.K.), a plant-based food brand, launched street food and glaze & grill BBQ kits.
    • In October 2021, Nestlé S.A., based in Switzerland, launched Garden Gourmet vEGGie, a plant-based egg alternative, alongside Garden Gourmet Vrimp, a plant-based shrimp alternative.
    • In May 2021, Unilever PLC, based in the U.K., partnered with ENOUGH (formerly known as 3F BIO), a U.K.-based food-tech company, to introduce new plant-based meat products to the market.
    • In February 2021, Danone SA, a French company, acquired Follow Your Heart, a U.S.-based manufacturer of plant-based products. This acquisition strengthened Danone's plant-based portfolio.

    Europe Plant-based Foods Market Research Summary

    Particulars

    Details

    Number of Pages

    190

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2024

    CAGR (Value)

    10.3%

    Market Size (Value)

    USD 21.65 Billion by 2031

    Segments Covered

    By Type

    • Dairy Alternatives
      • Milk
      • Cheese
      • Yogurt
      • Butter
      • Ice Cream
      • Creamer
      • Other Dairy Alternatives
    • Meat Substitutes
      • Tofu
      • Textured Vegetable Protein (TVP)
      • Burger Patties
      • Tempeh
      • Hot Dogs & Sausages
      • Seitan
      • Meatballs
      • Ground Meat
      • Nuggets
      • Crumbles
      • Shreds
      • Other Meat Substitutes
    • Plant-based Meals
    • Plant-based Baked Goods
    • Plant-based Confectionery
    • Plant-based Beverages
    • Egg Substitutes
    • Fish and Seafood Alternatives
    • Other Plant-based Meal Alternatives

    By Source

    • Soy
    • Almond
    • Wheat
    • Pea
    • Rice
    • Oat
    • Other Sources

    By Distribution Channel

    • Business-to-business
    • Business-to-consumer
      • Modern Groceries/Supermarkets and Hypermarkets
      • Convenience Stores
      • Specialty Stores
      • Online Retail Stores
      • Other B2C Distribution Channels

    Countries Covered

    Germany, U.K., Spain, Italy, France, Netherlands, Belgium, Austria, Poland, Portugal, Denmark, Romania, Sweden, and Rest of Europe

    Key Companies

    Beyond Meat Inc. (U.S.), Danone S.A. (France), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Daiya Foods Inc. (Canada), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plamil Foods Ltd (U.K.), Plant & Bean Ltd (U.K.), Unilever PLC (U.K.), Berief Food GmbH (Germany), Nestlé S.A. (Switzerland), The Meatless Farm (U.K.), and Veganz Group AG (Germany)

    Key questions answered in the europe plant-based foods market report:

    This study focuses on market analysis and opportunity assessment based on the sales of Europe plant-based foods across various countries and market segments. It also includes a competitive analysis based on key market players’ product portfolios, geographic presence, and growth strategies adopted in the last three to four years.

    The Europe plant-based foods market study provides valuable insights, market sizes, and forecasts in terms of value by type, source, distribution channel, and country.

    The Europe plant-based foods market is expected to reach $21.62 billion by 2031, at a CAGR of 10.3% during the forecast period.

    The dairy alternatives segment is expected to hold a major share of the Europe plant-based foods market in 2024.

    The pea segment is anticipated to register the highest CAGR during the forecast period from 2024 to 2031.

    In 2024, the business-to-consumer segment is expected to hold a major share of the Europe plant-based foods market.

    The increasing incidence of animal protein intolerance, the rising popularity of vegan and vegetarian diets, increasing venture investments in companies offering plant-based foods, and innovation in food technologies are the key factors supporting the growth of this market. Moreover, product launches by plant-based foods and protein alternatives manufacturers create opportunities for players operating in this market.

    The key players operating in the Europe plant-based foods market are Beyond Meat Inc. (U.S.), Danone S.A. (France), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Daiya Foods Inc. (Canada), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plamil Foods Ltd (U.K.), Plant & Bean Ltd (U.K.), Unilever PLC (U.K.), Berief Food GmbH (Germany), Nestlé S.A. (Switzerland), The Meatless Farm (U.K.), and Veganz Group AG (Germany).

    Germany is expected to experience substantial growth during the forecast period, driven by a rapidly increasing vegetarian population and a rising number of vegan and vegetarian restaurants. Veganism is becoming a significant trend in the country, with the number of vegans doubling from 1.3 million in 2016 to 2.8 million in 2023. Additionally, nearly 75% of German households express a desire for a greater variety of vegetarian products in supermarkets, although less than two-thirds intentionally purchase these items.

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    1.    Introduction
           1.1.    Market Definition & Scope
           1.2.    Market Ecosystem
           1.3.    Currency
           1.4.    Key Stakeholders
    2.    Research Methodology
           2.1.    Research Process
           2.2.    Data Collection & Validation Process
                     2.2.1.    Secondary Research
                     2.2.2.    Primary Research/Interviews with Key Opinion Leaders from the Industry
           2.3.    Market Sizing and Forecast
                     2.3.1.    Market Size Estimation Approach
                     2.3.2.    Growth Forecast Approach
                     2.3.3.    Market Share Estimation Approach
           2.4.    Assumptions for the Study
    3.    Executive Summary
           3.1.    Overview
           3.2.    Segment Analysis
                     3.2.1.    Europe Plant-based Foods Market, by Type
                     3.2.2.    Europe Plant-based Foods Market, by Source
                     3.2.3.    Europe Plant-based Foods Market, by Distribution Channel
           3.3.    Europe Plant-based Foods Market: by Country
           3.4.    Market Competitors
    4.    Market Insights
           4.1.    Overview
           4.2.    Drivers
                     4.2.1.    Increasing Incidences of Animal Protein Intolerance
                     4.2.2.    Rising Popularity of Vegan and Vegetarian Diets
                     4.2.3.    Venture Investments in Plant-based Product Companies
                     4.2.4.    Innovation in Food Technology
           4.3.    Restraints
                     4.3.1.    Elevated Prices of Plant-based Foods Products
                     4.3.2.    Significant Preference for Animal-based Products
                     4.3.3.    Consumer Preference for Soy and Gluten-free Products
           4.4.    Opportunities
                     4.4.1.    Product Launches by Plant-based Foods and Alternative Protein Manufacturers
           4.6.    Porter’s Five Forces Analysis
                     4.6.1.    Bargaining Power of Suppliers
                     4.6.2.    Bargaining Power of Buyers
                     4.6.3.    Threat of Substitutes
                     4.6.4.    Threat of New Entrants
                     4.6.5.    Degree of Competition
           4.7.    Value Chain Analysis
           4.8.    Consumer Insights
           4.9.    Plant-based Foods Adoption Trends, by Type
           4.10.   Investment and Funding Scenario
    5.    Europe Plant-based Foods Market Assessment—by Type
           5.1.    Overview
           5.2.    Dairy Alternatives
                     5.2.1.    Milk
                     5.2.2.    Cheese
                     5.2.3.    Yogurt
                     5.2.4.    Butter
                     5.2.5.    Ice Cream
                     5.2.6.    Creamer
                     5.2.7.    Other Dairy Alternatives
           5.3.    Meat Substitutes
                     5.3.1.    Tofu
                     5.3.2.    Textured Vegetable Protein (TVP)
                     5.3.3.    Burger Patties
                     5.3.4.    Tempeh
                     5.3.5.    Hot Dogs & Sausages
                     5.3.6.    Seitan
                     5.3.7.    Meatballs
                     5.3.8.    Ground Meat
                     5.3.9.    Nuggets
                     5.3.10.   Crumbles
                     5.3.11.   Shreds
                     5.3.12.   Other Meat Substitutes
           5.4.    Plant-based Meals
           5.5.    Plant-based Baked Goods
           5.6.    Plant-based Confectionery
           5.7.    Plant-based Beverages
           5.8.    Egg Substitute
           5.9.    Fish and Seafood Alternatives
           5.10.   Others Plant-based Foods
    6.    Europe Plant-based Foods Market Assessment—by Source
           6.1.    Overview
           6.2.    Soy
           6.3.    Almond
           6.4.    Wheat
           6.5.    Pea
           6.6.    Rice
           6.7.    Oat
           6.8.    Other Sources
    7.    Europe Plant-based Foods Market Assessment—by Distribution Channel
           7.1.    Overview
           7.2.    Business-to-business
           7.3.    Business-to-consumer
                     7.3.1.    Modern Groceries
                     7.3.2.    Convenience Stores
                     7.3.3.    Specialty Stores
                     7.3.4.    Online Retail Stores
                     7.3.5.    Other B2C Distribution Channels
    8.    Europe Plant-based Foods Market Assessment—by Geography
           8.1.    Overview
           8.2.    Germany
           8.3.    U.K.
           8.4.    Spain
           8.5.    Italy
           8.6.    France
           8.7.    Netherlands
           8.8.    Belgium
           8.9.    Austria
           8.10.   Poland
           8.11.   Portugal
           8.12.   Denmark
           8.13.   Romania
           8.14.   Sweden
           8.15.   Rest of Europe
    9.    Competition Analysis
           9.1.    Overview
           9.2.    Key Growth Strategies
           9.3.    Competitive Benchmarking
           9.4.    Competitive Dashboard
                     9.4.1.    Industry Leaders
                     9.4.2.    Differentiators
                     9.4.3.    Vanguards
                     9.4.4.    Emerging Companies
           9.5.    Market Share/Ranking Analysis of Key Players
    10.   Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
           10.1.   Beyond Meat Inc.
           10.2.   Danone S.A.
           10.3.   Amy's Kitchen, Inc.
           10.4.   The Hain Celestial Group, Inc.
           10.5.   Daiya Foods Inc.
           10.6.   Marlow Foods Ltd.
           10.7.   Taifun-Tofu GmbH
           10.8.   Vbite Food Ltd
           10.9.   Plamil Foods Ltd
           10.10.  Plant & Bean Ltd
           10.10.  Unilever PLC
           10.12.  Berief Food GmbH
           10.13.  Nestlé S.A.
           10.14.  The Meatless Farm
           10.15.  Veganz Group AG
           10.16.  Other Companies
    11.   Appendix
           11.1.   Available Customization
           11.2.   Related Reports


    List of Tables
    Table 1    Europe Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 2    Europe Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 3    Europe Plant-based Dairy Alternatives Market, by Country/Region, 2022–2031 (USD Million)
    Table 4    Europe Plant-based Milk Market, by Country/Region, 2022–2031 (USD Million)
    Table 5    Europe Plant-based Cheese Market, by Country/Region, 2022–2031 (USD Million)
    Table 6    Europe Plant-based Yogurts Market, by Country/Region, 2022–2031 (USD Million)
    Table 7    Europe Plant-based Butter Market, by Country/Region, 2022–2031 (USD Million)
    Table 8    Europe Plant-based Ice Cream Market, by Country/Region, 2022–2031 (USD Million)
    Table 9    Europe Plant-based Creamer Market, by Country/Region, 2022–2031 (USD Million)
    Table 10    Europe Other Plant-based Dairy Alternatives Market, by Country/Region, 2022–2031 (USD Million)
    Table 11    Europe Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 12    Europe Plant-based Meat Substitutes Market, by Country/Region, 2022–2031 (USD Million)
    Table 13    Europe Plant-based Tofu Market, by Country/Region, 2022–2031 (USD Million)
    Table 14    Europe Plant-based TVP Market, by Country/Region, 2022–2031 (USD Million)
    Table 15    Europe Plant-based Burger Patties Market, by Country/Region, 2022–2031 (USD Million)
    Table 16    Europe Plant-based Tempeh Market, by Country/Region, 2022–2031 (USD Million)
    Table 17    Europe Plant-based Hot Dogs and Sausages Market, by Country/Region, 2022–2031 (USD Million)
    Table 18    Europe Plant-based Seitan Market, by Country/Region, 2022–2031 (USD Million)
    Table 19    Europe Plant-based Meatballs Market, by Country/Region, 2022–2031 (USD Million)
    Table 20    Europe Plant-based Ground Meat Market, by Country/Region, 2022–2031 (USD Million)
    Table 21    Europe Plant-based Nuggets Market, by Country/Region, 2022–2031 (USD Million)
    Table 22    Europe Plant-based Crumbles Market, by Country/Region, 2022–2031 (USD Million)
    Table 23    Europe Plant-based Shreds Market, by Country/Region, 2022–2031 (USD Million)
    Table 24    Europe Other Plant-based Meat Substitutes Market, by Country/Region, 2022–2031 (USD Million)
    Table 25    Europe Plant-based Meals Market, by Country/Region, 2022–2031 (USD Million)
    Table 26    Europe Plant-based Baked Goods Market, by Country/Region, 2022–2031 (USD Million)
    Table 27    Europe Plant-based Confectionery Market, by Country/Region, 2022–2031 (USD Million)
    Table 28    Europe Plant-based Beverages Market, by Country/Region, 2022–2031 (USD Million)
    Table 29    Europe Plant-based Egg Substitutes Market, by Country/Region, 2022–2031 (USD Million)
    Table 30    Europe Plant-based Fish and Seafood Alternatives Market, by Country/Region, 2022–2031 (USD Million)
    Table 31    Europe Other Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 32    Europe Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 33    Europe Soy-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 34    Europe Almond-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 35    Europe Wheat-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 36    Europe Pea-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 37    Europe Rice-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 38    Europe Oat-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 39    Europe Other Source-derived Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 40    Europe Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 41    Europe B2B Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 42    Europe B2C Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 43    Europe B2C Plant-based Foods Market, by Country/Region, 2022–2031 (USD Million)
    Table 44    Europe Plant-based Foods Market for Modern Groceries, by Country/Region, 2022–2031 (USD Million)
    Table 45    Europe Plant-based Foods Market for Convenience Stores, by Country/Region, 2022–2031 (USD Million)
    Table 46    Europe Plant-based Foods Market for Specialty Stores, by Country/Region, 2022–2031 (USD Million)
    Table 47    Europe Plant-based Foods Market for Online Retail Stores, by Country/Region, 2022–2031 (USD Million)
    Table 48    Europe Plant-based Foods Market for Other B2C Distribution Channels, by Country/Region, 2022–2031 (USD Million)
    Table 49    Europe: Plant-based Foods Market, by Country, 2022–2031 (USD Million)
    Table 50    Germany: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 51    Germany: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 52    Germany: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 53    Germany: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 54    Germany: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 55    Germany: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 56    U.K.: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 57    U.K.: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 58    U.K.: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 59    U.K.: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 60    U.K.: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 61    U.K.: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 62    Spain: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 63    Spain: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 64    Spain: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 65    Spain: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 66    Spain: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 67    Spain: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 68    Italy: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 69    Italy: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 70    Italy: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 71    Italy: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 72    Italy: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 73    Italy: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 74    France: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 75    France: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 76    France: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 77    France: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 78    France: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 79    France: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 80    Netherlands: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 81    Netherlands: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 82    Netherlands: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 83    Netherlands: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 84    Netherlands: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 85    Netherlands: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 86    Belgium: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 87    Belgium: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 88    Belgium: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 89    Belgium: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 90    Belgium: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 91    Belgium: Business-to-Consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 92    Austria: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 93    Austria: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 94    Austria: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 95    Austria: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 96    Austria: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 97     Austria: Business-to-Consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 98    Poland: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 99    Poland: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 100    Poland: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 101    Poland: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 102    Poland: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 103    Poland: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 104    Portugal: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 105    Portugal: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 106    Portugal: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 107    Portugal: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 108    Portugal: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 109    Portugal: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 110    Denmark: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 111    Denmark: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 112    Denmark: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 113    Denmark: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 114    Denmark: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 115    Denmark: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 116    Romania: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 117    Romania: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 118    Romania: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 119    Romania Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 120    Romania: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 121    Romania: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 122    Sweden: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 123    Sweden: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 124    Sweden: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 125    Sweden: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 126    Sweden: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 127    Sweden: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 128    Rest of Europe: Plant-based Foods Market, by Type, 2022–2031 (USD Million)
    Table 129    Rest of Europe: Plant-based Dairy Alternatives Market, by Type, 2022–2031 (USD Million)
    Table 130    Rest of Europe: Plant-based Meat Substitutes Market, by Type, 2022–2031 (USD Million)
    Table 131    Rest of Europe: Plant-based Foods Market, by Source, 2022–2031 (USD Million)
    Table 132    Rest of Europe: Plant-based Foods Market, by Distribution Channel, 2022–2031 (USD Million)
    Table 133    Rest of Europe: Business-to-consumer Plant-based Foods Market, by Type, 2022–2031 (USD Million)
     

    List of Figures
    Figure 1    Research Process 
    Figure 2    Key Secondary Sources 
    Figure 3    Primary Research Techniques 
    Figure 4    Key Executives Interviewed 
    Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side) 
    Figure 6    Market Size Estimation 
    Figure 7    The Dairy Alternatives Segment is Expected to Account for the Largest Share of the Europe Plant-based Foods Market in 2024
    Figure 8    Pea Segment is Projected to Witness Significant Growth in the Market During 2024–2031
    Figure 9    The Business-to-consumer Segment is Expected to Account for the Larger Share of the Europe Plant-based Foods Market in 2024
    Figure 10    Germany to be the Fastest-growing Country Market 
    Figure 11    Factors Affecting Market Growth
    Figure 12     Shifting Protein Consumption Patterns
    Figure 13     Investments in the Alternative Products Industry (2023)
    Figure 14     Europe Plant-based Foods Market: Porter's Five Forces Analysis
    Figure 16    Europe Plant-based Foods Market, by Type, 2024 Vs. 2031 (USD Million) 
    Figure 17    Europe Plant-based Foods Market, by Source, 2024 Vs. 2031 (USD Million) 
    Figure 18    Europe Plant-based Foods Market, by Distribution Channel, 2024 Vs. 2031 (USD Million) 
    Figure 19    Europe Plant-based Foods Market, by Country, 2024 Vs. 2031 (USD Million) 
    Figure 21    Europe: Plant-based Foods Market Snapshot (2024) 
    Figure 25    Key Growth Strategies Adopted by Leading Players, 2021–2024
    Figure 26    Europe Plant-based Foods Market: Competitive Benchmarking of Key Players by Type
    Figure 27     Europe Plant-based Foods Market Competitive Dashboard 
    Figure 28    Europe Plant-based Foods Market Share/Ranking, by Key Player, 2023 (%)  
    Figure 29    Beyond Meat Inc.: Financial Overview (2023)
    Figure 30    Danone S.A.: Financial Overview (2023)
    Figure 32    The Hain Celestial Group, Inc.: Financial Overview (2022)
    Figure 33    Nestlé S.A.: Financial Overview (2024)
    Figure 34    Unilever Plc: Financial Overview (2023)

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    Author Name:

    Shubham Lawande, Shubhangi Bawkar

    Related Tag: Europe Plant-based Food Market Plant Food Vegan Food Products Vegetarian Food Meat Substitute Dairy Alternatives Egg Alternatives Seafood Substitute
    Food & Agriculture Technologies
    Food and Beverages

    The Europe Plant-based Food Market is expected to reach $21.62 billion by 2031 from an estimated $10.85 billion in 2024, at a CAGR of 10.3% during the forecast period from 2024 to 2031.

    The shift towards plant-based diets in Europe has been driven by the increasing prevalence of intolerance for animal protein, rising acceptance of vegan & vegetarian diets, venture investments in plant-based product companies, and innovation in food technology. Moreover, product launches by plant-based food and alternative protein manufacturers is expected to create lucrative opportunities for players operating in Europe Plant-based Food Market. However, the comparatively higher price range for plant-based food products and significant preference for animal-based products are expected to hinder the growth of this market to some extent.

    Here are the top 10 companies operating in the Europe Plant-based Food Market

    Beyond Meat Inc. (U.S.)

    Beyond Meat is engaged in manufacturing, marketing, and selling meat substitutes. The company offers burgers, sausage, crumbles, strips, and other related products. The company sells its products through grocery, mass merchandiser, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. In Europe, Beyond Meat has two facilities in the Netherlands: a co-manufacturing facility in Zoeterwoude owned and operated by Dutch company Zandbergen, and an owned facility in Enschede. These two facilities service the distribution network across Europe.

    As of December 2021, the company sold its fresh & frozen meat alternative at approximately 130,000 retail stores, restaurants, and foodservice outlets in more than 65 countries worldwide.

    Danone S.A. (France)

    Danone is engaged in developing, manufacturing, and selling food products and beverages. The company operates through three business segments: Essential Dairy and Plant-Based Products, Specialized Nutrition, and Waters. The company’s brand portfolio includes both international brands (Activia, Actimel, Alpro, Danette, Danonino, Danio, Evian, Volvic, Nutrilon/Aptamil, and Nutricia) and local brands (Aqua, Blédina, Cow & Gate, Bonafont, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, and Vega). The company offers plant-based dairy and meat alternatives through its Essential Dairy and Plant-Based Products segments.

    Through the network of 530 research & innovation specialists in 40 countries, the company sells its products in over 120 countries.

    Amy’s Kitchen, Inc. (U.S.)

    Amy’s Kitchen is engaged in producing and marketing natural and organic convenience and frozen foods. The company’s product portfolio is segmented into entrées, bowls, burritos & wraps, pizza, pasta, soups, snacks, pot pies, veggie burgers, veggie meats, chili, beans, pasta sauce, salsa, candy, and others. The company distributes its specialty foods globally through supermarkets, natural food and grocery stores, warehouse clubs, colleges, and online.

    With several manufacturing locations in the U.S., such as California (Santa Rosa), Idaho (Pocatello), and Oregon (Medford), the company has its geographic presence in North America, Europe, Asia-Pacific, and Latin America.

    The Hain Celestial Group, Inc. (U.S.)

    The Hain Celestial Group is engaged in manufacturing, marketing, distributing, and selling foodstuffs, personal care products, and alternative meat products. The company operates through four business segments: Grocery, Snacks, Personal Care, and Tea. The company offers soy, rice, oat, almond, and coconut-based beverages, frozen desserts, and meat alternatives in the plant-based products market. The company offers plant-based products through various brands, such as The Lima, Natumi, Linda, Dream, Joya, WestSoy, Yves Veggie Cuisins, and Formatio. The company sells its products through specialty and natural food distributors; supermarkets, stores, mass-market, and e-commerce retailers; and foodservice channels and clubs.

    With several manufacturing facilities in Europe and North America, the company has a geographic presence in more than 70 countries.

    Daiya Foods Inc. (Canada) (a subsidiary of Otsuka Pharmaceutical Co., Ltd.)

    Daiya Foods is engaged in producing and supplying plant-based food products. The company’s portfolio includes alternative cheese products, yogurt alternatives, dressings, and desserts. The company also partners with other companies, including Amy, NuLife, Gardein, Tofurky, and others. The firm has broad consumer appeal and high brand elasticity, offering a growing portfolio of delicious, plant-based foods. Daiya’s products attract a wide range of consumers, appealing to those with high health consciousness, as well as vegans, vegetarians, and consumers with food allergies and intolerances. 

    The company has its geographic presence in North America, Latin America, Europe, and Asia-Pacific.


    Marlow Foods Ltd. (U.K.) (a subsidiary of Monde Nissin Corporation)

    Marlow Foods is engaged in producing and selling meat alternatives. The company offers Quorn products which are made from mycoprotein. The company’s product portfolio is segmented into mince, chicken pieces, sausages, crispy-coated products, ready meals, and chilled burgers, among others.

    The company sells its products across the globe.

    Nestlé S.A. (Switzerland)

    Nestlé is engaged in the manufacturing and supply of food and beverage as well as nutritional products. The company operates through seven business segments: Powdered and Liquid Beverages, PetCare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk Products and Ice Cream, Confectionery, and Water. In the plant-based food market, the company offers plant-based meat, dairy alternatives, seafood alternatives, egg replacers, and plant-based confectionery. Along with dairy alternatives, the company also adds plant-based options across its brands, including Nesquik chocolate drinks, Nescafe coffee, and KitKat chocolate.

    The company has its geographic presence in North America, Europe, Asia-Pacific, the Middle East & Africa.

    Unilever PLC (U.K.)

    Unilever is engaged in manufacturing and selling consumer goods. The company operates through three business segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The company offers plant-based products through the Foods and Refreshment segment. Subsidiaries of the company, such as The Vegetarian Butcher and 3F Bio Ltd, are engaged in offering plant-based products, including plant-based meat, ice cream, other recipes.

    The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

    Plamil Foods Ltd. (U.K.)

    Plamil Foods is engaged in manufacturing and distributing plant-based dairy alternatives. The company offers milk-free chocolate, spreads, and other milk-free products. The company supplies its products to consumers, retailers, wholesalers, and food catering and manufacturing facilities worldwide.

    The Meatless Farm (U.K.) (a subsidiary of Morten Toft Bech)

    The Meatless Farm is engaged in producing vegan and plant-based meats. In the space of plant-based food, the company offers plant-based mince, burgers & sausages. The company has its geographic presence in North America, Europe, Asia, and the Middle East & Africa.

    Popular Mention: Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plant & Bean Ltd (U.K.), Berief Food GmbH (Germany), and Veganz Group AG (Germany).

     

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