KEY FINDINGS
The Europe plant-based food & beverage market is set to register a CAGR of 10.80% during the forecast period, 2023-2032. The growing inclination to minimize animal product consumption and the increasing awareness of the environmental impact of livestock production and maintenance boost market demands in the region.
MARKET INSIGHTS
Germany, Nordic Countries, the United Kingdom, Italy, Spain, France, and Rest of Europe are evaluated for the Europe plant-based food & beverage market growth analysis. In Germany, the number of people identifying as flexitarians or vegetarians reached 8 million in 2019. Most vegan population in the country has adopted veganism as a lifestyle choice and not a dietary restriction. This is attributed to the rising veganism and vegetarianism among the German population due to the increased concerns about health, the environment, and animal welfare.
Besides, the country has put forth legal definitions of vegetarian and vegan for food labeling. Moreover, the rising flexitarian population is accredited to the scandals in recent decades that have put the German meat sector under scrutiny. This includes reports of selling rotten meat, animal cruelty investigation, bird & swine flu outbreaks, and forced labor in slaughter plants.
Italy has been evaluated as a potential market for vegan-friendly foods and beverages. Also, the country's retail outlets offer animal-free food & beverage alternatives for vegans. These include soy milk, lentils (pulses and chickpeas), potatoes, rice, pasta (duh), seasonal/local fruits, etc.
Whereas in Denmark, 2.5% of the population follows a vegetarian lifestyle. As per Coop Analyse and the Vegetarian Society of Denmark, the vegan population, aged between 18 and 34, grew to 5.2% in 2019. Additionally, the number of vegetarians is on the rise. Animal ethics is cited as the prominent reason to avoid animal products. Such factors drive market growth in these countries.
COMPETITIVE INSIGHTS
Some of the key companies in the market are Nestle SA, The Hain Celestial Group Inc, Meatless Farm, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Europe Plant-Based Food & Beverage Market Forecast 2023-2032
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Methodology
1.3. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
2.3. Scope Of Study
2.4. Crisis Scenario Analysis
2.4.1. Impact Of Covid-19 On Plant-Based Food & Beverage Market
2.5. Major Market Findings
2.5.1. Emergence Of Hemp Milk As A Substitute For Dairy-Based Milk
2.5.2. Fast Food Becomes Plant-Based In Europe And North America
3. Market Dynamics
3.1. Key Drivers
3.1.1. Growing Adoption Of Vegan And Vegetarian Diets
3.1.2. Favorable Initiatives By Governments And Associations
3.1.3. Trending Health And Sustainability Lifestyle Choices
3.1.4. Surging Food Safety And Animal Welfare Concerns
3.2. Key Restraints
3.2.1. Challenges Associated With Sensory Properties & Allergic Reactions Of Certain Plant Proteins
3.2.2. Exorbitant Costs Of Plant-Based Products
4. Key Analytics
4.1. Key Market Trends
4.2. Porter's Five Forces Analysis
4.2.1. Buyers Power
4.2.2. Suppliers Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Growth Prospect Mapping
4.3.1. Growth Prospect Mapping For United Kingdom
4.4. Market Maturity Analysis
4.5. Market Concentration Analysis
4.6. Value Chain Analysis
4.6.1. Raw Material Suppliers
4.6.2. Food Manufacturers
4.6.3. Distributors
4.6.4. End-Users
5. Market By Product Type
5.1. Plant-Based Dairy Derivatives
5.1.1. Plant-Based Ice Cream & Frozen Desserts
5.1.2. Plant-Based Cheese
5.1.3. Plant-Based Yogurt
5.1.4. Plant-Based Creamer
5.1.5. Plant-Based Dairy Spreads & Dips
5.2. Plant-Based Meat Substitutes
5.2.1. Textured Vegetable Protein
5.2.2. Tofu
5.2.3. Tempeh
5.2.4. Mycoprotein, Seitan, And Other Meat Substitutes
5.3. Plant-Based Nutrition/Snack Bars
5.4. Plant-Based Bakery Products
5.5. Plant-Based Beverages
5.5.1. Plant-Based Milk
5.5.1.1. Soy Milk
5.5.1.2. Almond Milk
5.5.1.3. Other Plant-Based Milk
5.5.2. Packaged Smoothies
5.5.3. Coffee
5.5.4. Tea
5.5.5. Other Plant-Based Beverages
5.6. Other Product Types
6. Market By Source
6.1. Soy
6.2. Wheat
6.3. Pea
6.4. Coconut
6.5. Almond
6.6. Cashew
6.7. Other Sources
7. Market By Storage
7.1. Frozen
7.2. Refrigerated
7.3. Shelf-Stable
8. Market By Distribution Channel
8.1. Store-Based Distribution Channel
8.1.1. Supermarkets/Hypermarkets
8.1.2. Convenience Stores
8.1.3. Specialty Stores
8.1.4. Other Store-Based Distribution Channels
8.2. Non-Store-Based Distribution Channel
9. Geographical Analysis
9.1. Europe
9.1.1. Market Size & Estimates
9.1.2. Europe Plant-Based Food & Beverage Market Drivers
9.1.3. Europe Plant-Based Food & Beverage Market Challenges
9.1.4. Europe Plant-Based Food & Beverage Market Regulatory Framework
9.1.5. Key Players In Europe Plant-Based Food & Beverage Market
9.1.6. Country Analysis
9.1.6.1. United Kingdom
9.1.6.1.1. United Kingdom Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.2. Germany
9.1.6.2.1. Germany Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.3. France
9.1.6.3.1. France Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.4. Italy
9.1.6.4.1. Italy Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.5. Spain
9.1.6.5.1. Spain Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.6. Nordic Countries
9.1.6.6.1. Nordic Countries Plant-Based Food & Beverage Market Size & Opportunities
9.1.6.7. Rest Of Europe
9.1.6.7.1. Rest Of Europe Plant-Based Food & Beverage Market Size & Opportunities
10. Competitive Landscape
10.1. Key Strategic Developments
10.1.1. Acquisitions
10.1.2. Product Launches
10.1.3. Partnerships & Agreements
10.1.4. Business Expansions & Divestitures
10.2. Company Profiles
10.2.1. Adm
10.2.1.1. Company Overview
10.2.1.2. Product List
10.2.1.3. Strengths & Challenges
10.2.2. Amy's Kitchen Inc
10.2.2.1. Company Overview
10.2.2.2. Product List
10.2.3. Beyond Meat Inc
10.2.3.1. Company Overview
10.2.3.2. Product List
10.2.4. Blue Diamond Growers
10.2.4.1. Company Overview
10.2.4.2. Product List
10.2.4.3. Strengths & Challenges
10.2.5. Campbell Soup Company
10.2.5.1. Company Overview
10.2.5.2. Product List
10.2.6. Conagra Brands
10.2.6.1. Company Overview
10.2.6.2. Product List
10.2.6.3. Strengths & Challenges
10.2.7. Daiya Foods Inc
10.2.7.1. Company Overview
10.2.7.2. Product List
10.2.8. Danone Sa
10.2.8.1. Company Overview
10.2.8.2. Product List
10.2.8.3. Strengths & Challenges
10.2.9. General Mills Inc
10.2.9.1. Company Overview
10.2.9.2. Product List
10.2.9.3. Strengths & Challenges
10.2.10. Impossible Foods Inc
10.2.10.1. Company Overview
10.2.10.2. Product List
10.2.10.3. Strengths & Challenges
10.2.11. Kevita Inc
10.2.11.1. Company Overview
10.2.11.2. Product List
10.2.12. Living Harvest Tempt
10.2.12.1. Company Overview
10.2.12.2. Product List
10.2.12.3. Strengths & Challenges
10.2.13. Meatless Farm
10.2.13.1. Company Overview
10.2.13.2. Product List
10.2.14. Nestle Sa
10.2.14.1. Company Overview
10.2.14.2. Product List
10.2.14.3. Strengths & Challenges
10.2.15. The Hain Celestial Group Inc
10.2.15.1. Company Overview
10.2.15.2. Product List
10.2.15.3. Strengths & Challenges
List Of Tables
Table 1: Market Snapshot - Plant-Based Food & Beverage
Table 2: Europe Plant-Based Food & Beverage Market, By Product Type, Historical Years, 2018-2022 (In $ Million)
Table 3: Europe Plant-Based Food & Beverage Market, By Product Type, Forecast Years, 2023-2032 (In $ Million)
Table 4: Europe Plant-Based Food & Beverage Market, By Plant-Based Dairy Derivatives, Historical Years, 2018-2022 (In $ Million)
Table 5: Europe Plant-Based Food & Beverage Market, By Plant-Based Dairy Derivatives, Forecast Years, 2023-2032 (In $ Million)
Table 6: Europe Plant-Based Food & Beverage Market, By Plant-Based Meat Substitutes, Historical Years, 2018-2022 (In $ Million)
Table 7: Europe Plant-Based Food & Beverage Market, By Plant-Based Meat Substitutes, Forecast Years, 2023-2032 (In $ Million)
Table 8: Europe Plant-Based Food & Beverage Market, By Plant-Based Beverages, Historical Years, 2018-2022 (In $ Million)
Table 9: Europe Plant-Based Food & Beverage Market, By Plant-Based Beverages, Forecast Years, 2023-2032 (In $ Million)
Table 10: Europe Plant-Based Food & Beverage Market, By Plant-Based Milk, Historical Years, 2018-2022 (In $ Million)
Table 11: Europe Plant-Based Food & Beverage Market, By Plant-Based Milk, Forecast Years, 2023-2032 (In $ Million)
Table 12: Europe Plant-Based Food & Beverage Market, By Source, Historical Years, 2018-2022 (In $ Million)
Table 13: Europe Plant-Based Food & Beverage Market, By Source, Forecast Years, 2023-2032 (In $ Million)
Table 14: Europe Plant-Based Food & Beverage Market, By Storage, Historical Years, 2018-2022 (In $ Million)
Table 15: Europe Plant-Based Food & Beverage Market, By Storage, Forecast Years, 2023-2032 (In $ Million)
Table 16: Europe Plant-Based Food & Beverage Market, By Distribution Channel, Historical Years, 2018-2022 (In $ Million)
Table 17: Europe Plant-Based Food & Beverage Market, By Distribution Channel, Forecast Years, 2023-2032 (In $ Million)
Table 18: Europe Plant-Based Food & Beverage Market, By Store-Based Distribution Channel, Historical Years, 2018-2022 (In $ Million)
Table 19: Europe Plant-Based Food & Beverage Market, By Store-Based Distribution Channel, Forecast Years, 2023-2032 (In $ Million)
Table 20: Europe Plant-Based Food & Beverage Market, By Country, Historical Years, 2018-2022 (In $ Million)
Table 21: Europe Plant-Based Food & Beverage Market, By Country, Forecast Years, 2023-2032 (In $ Million)
Table 22: Europe Plant-Based Food & Beverage Market Regulatory Framework
Table 23: Key Players Operating In Europe Plant-Based Food & Beverage Market
Table 24: List Of Acquisitions
Table 25: List Of Product Launches
Table 26: List Of Partnerships & Agreements
Table 27: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Growth Prospect Mapping For United Kingdom
Figure 4: Market Maturity Analysis
Figure 5: Market Concentration Analysis
Figure 6: Value Chain Analysis
Figure 7: Europe Plant-Based Food & Beverage Market, Growth Potential, By Product Type, In 2022
Figure 8: Europe Plant-Based Food & Beverage Market, By Plant-Based Dairy Derivatives, 2023-2032 (In $ Million)
Figure 9: Europe Plant-Based Food & Beverage Market, Growth Potential, By Plant-Based Dairy Derivatives, In 2022
Figure 10: Europe Plant-Based Food & Beverage Market, By Plant-Based Ice Cream & Frozen Desserts, 2023-2032 (In $ Million)
Figure 11: Europe Plant-Based Food & Beverage Market, By Plant-Based Cheese, 2023-2032 (In $ Million)
Figure 12: Europe Plant-Based Food & Beverage Market, By Plant-Based Yogurt, 2023-2032 (In $ Million)
Figure 13: Europe Plant-Based Food & Beverage Market, By Plant-Based Creamer, 2023-2032 (In $ Million)
Figure 14: Europe Plant-Based Food & Beverage Market, By Plant-Based Dairy Spreads & Dips, 2023-2032 (In $ Million)
Figure 15: Europe Plant-Based Food & Beverage Market, By Plant-Based Meat Substitutes, 2023-2032 (In $ Million)
Figure 16: Europe Plant-Based Food & Beverage Market, Growth Potential, By Plant-Based Meat Substitutes, In 2022
Figure 17: Europe Plant-Based Food & Beverage Market, By Textured Vegetable Protein, 2023-2032 (In $ Million)
Figure 18: Europe Plant-Based Food & Beverage Market, By Tofu, 2023-2032 (In $ Million)
Figure 19: Europe Plant-Based Food & Beverage Market, By Tempeh, 2023-2032 (In $ Million)
Figure 20: Europe Plant-Based Food & Beverage Market, By Mycoprotein, Seitan, And Other Meat Substitutes, 2023-2032 (In $ Million)
Figure 21: Europe Plant-Based Food & Beverage Market, By Plant-Based Nutrition/Snack Bars, 2023-2032 (In $ Million)
Figure 22: Europe Plant-Based Food & Beverage Market, By Plant-Based Bakery Products, 2023-2032 (In $ Million)
Figure 23: Europe Plant-Based Food & Beverage Market, By Plant-Based Beverages, 2023-2032 (In $ Million)
Figure 24: Europe Plant-Based Food & Beverage Market, Growth Potential, By Plant-Based Beverages, In 2022
Figure 25: Europe Plant-Based Food & Beverage Market, By Plant-Based Milk, 2023-2032 (In $ Million)
Figure 26: Europe Plant-Based Food & Beverage Market, Growth Potential, By Plant-Based Milk, In 2022
Figure 27: Europe Plant-Based Food & Beverage Market, By Soy Milk, 2023-2032 (In $ Million)
Figure 28: Europe Plant-Based Food & Beverage Market, By Almond Milk, 2023-2032 (In $ Million)
Figure 29: Europe Plant-Based Food & Beverage Market, By Other Plant-Based Milk, 2023-2032 (In $ Million)
Figure 30: Europe Plant-Based Food & Beverage Market, By Packaged Smoothies, 2023-2032 (In $ Million)
Figure 31: Europe Plant-Based Food & Beverage Market, By Coffee, 2023-2032 (In $ Million)
Figure 32: Europe Plant-Based Food & Beverage Market, By Tea, 2023-2032 (In $ Million)
Figure 33: Europe Plant-Based Food & Beverage Market, By Other Plant-Based Beverages, 2023-2032 (In $ Million)
Figure 34: Europe Plant-Based Food & Beverage Market, By Other Product Types, 2023-2032 (In $ Million)
Figure 35: Europe Plant-Based Food & Beverage Market, Growth Potential, By Source, In 2022
Figure 36: Europe Plant-Based Food & Beverage Market, By Soy, 2023-2032 (In $ Million)
Figure 37: Europe Plant-Based Food & Beverage Market, By Wheat, 2023-2032 (In $ Million)
Figure 38: Europe Plant-Based Food & Beverage Market, By Pea, 2023-2032 (In $ Million)
Figure 39: Europe Plant-Based Food & Beverage Market, By Coconut, 2023-2032 (In $ Million)
Figure 40: Europe Plant-Based Food & Beverage Market, By Almond, 2023-2032 (In $ Million)
Figure 41: Europe Plant-Based Food & Beverage Market, By Cashew, 2023-2032 (In $ Million)
Figure 42: Europe Plant-Based Food & Beverage Market, By Other Sources, 2023-2032 (In $ Million)
Figure 43: Europe Plant-Based Food & Beverage Market, Growth Potential, By Storage, In 2022
Figure 44: Europe Plant-Based Food & Beverage Market, By Frozen, 2023-2032 (In $ Million)
Figure 45: Europe Plant-Based Food & Beverage Market, By Refrigerated, 2023-2032 (In $ Million)
Figure 46: Europe Plant-Based Food & Beverage Market, By Shelf-Stable, 2023-2032 (In $ Million)
Figure 47: Europe Plant-Based Food & Beverage Market, Growth Potential, By Distribution Channel, In 2022
Figure 48: Europe Plant-Based Food & Beverage Market, By Store-Based Distribution Channel, 2023-2032 (In $ Million)
Figure 49: Europe Plant-Based Food & Beverage Market, Growth Potential, By Store-Based Distribution Channel, In 2022
Figure 50: Europe Plant-Based Food & Beverage Market, By Supermarkets/Hypermarkets, 2023-2032 (In $ Million)
Figure 51: Europe Plant-Based Food & Beverage Market, By Convenience Stores, 2023-2032 (In $ Million)
Figure 52: Europe Plant-Based Food & Beverage Market, By Specialty Stores, 2023-2032 (In $ Million)
Figure 53: Europe Plant-Based Food & Beverage Market, By Other Store-Based Distribution Channels, 2023-2032 (In $ Million)
Figure 54: Europe Plant-Based Food & Beverage Market, By Non-Store-Based Distribution Channel, 2023-2032 (In $ Million)
Figure 55: Europe Plant-Based Food & Beverage Market, Country Outlook, 2022 & 2032 (In %)
Figure 56: United Kingdom Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 57: Germany Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 58: France Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 59: Italy Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 60: Spain Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 61: Nordic Countries Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
Figure 62: Rest Of Europe Plant-Based Food & Beverage Market, 2023-2032 (In $ Million)
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