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EUROPE MEAT SUBSTITUTE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Meat Substitute Market by Product Type (Tofu-based, Tempeh-based, TVP-based, Seitan-based, Quorn-based, Other Product Types) Market by Category (Frozen, Refrigerated, Shelf Stable) Market by Source (Soy-based, Wheat-based, Mycoprotein, Other Sources) by Geography


MARKET OVERVIEW

The Europe meat substitute market is anticipated to register a 13.12% CAGR by 2032, and is estimated to generate $xx million during the forecast period, 2023-2032.

In recent years, Europe has experienced a transitional shift towards leveraging new technologies, which has helped it emerge as the world’s largest market for meat substitutes. This market includes various food and snack products, such as patties, burgers, sausages, ready meals, canned mock meats, pizza, fillets, and meat-free meatballs.

Europe’s meat substitute market is home to some of the most renowned brands in the industry. Recently, some prominent players from the meat food industry have also entered this market, focusing on market extension and strengthening their production capacity to consolidate their foothold in Europe.

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The Europe meat substitute market growth evaluation includes the assessment of Germany, Italy, France, Spain, the United Kingdom, and Rest of Europe. The United Kingdom’s meat substitute market is scaling up due to increased purchases of meat-free products, driven by factors such as health consciousness, environmental ethics, and the rising cost of meat. The massive demand for meat substitutes among vegans also leads to a revolution in retail outlets. For instance, the “no bull burger” has been outselling traditional meat burgers as demand for meat-free food increases.

The France meat substitute market is also experiencing significant growth, thanks to government policies that support the usage of meat alternatives in the country. Recently, France passed an amendment to its Agricultural bill prohibiting any product based on non-animal ingredients from being labeled as traditional animal products, such as vegetable steak, soy sausages, or bacon-flavored strips. The bill targets consumers who might be misled into believing the product is real meat.

The Europe meat substitute market assessment entails segmentation by product type, category, and source. Market by source covers wheat-based, soy-based, mycoprotein, and other sources.

The demand for soy-based foods is on the rise due to their meat-like texture. Soy is used as the primary ingredient in the analogs of meat production, and as a result, many key players in the industry are incorporating soy into their products. This trend is further boosting the soy-based food demand in the market.

Soy production in regions such as North America and Latin America is increasing, which is positively impacting the meat substitute market. The Americas dominate global soy production, with countries like the United States, Brazil, and Argentina catering to over half of the global demand.

Supermarkets are also responding to the growing consumer preference for gluten-intolerance products by stocking various soy-based meat substitutes and expanding shelf space for dairy alternative meats, such as vegan burgers and entrees. This trend is especially noticeable in Europe, with an increasing demand for these products.

Leading players in the Europe meat substitute market include Ingredion Incorporated, DuPont, ADM, Kerry Group, etc.

DuPont is a global leader in science and innovation, offering a diverse range of products and services across various industries. DuPont is well known in the food industry for its ingredients and technologies, including plant-based meat substitutes. The company offers a range of plant-based proteins under its Danisco brand, including soy, pea, and wheat-based proteins. These proteins are used in meat substitutes to provide texture, taste, and nutritional value. DuPont’s plant-based protein solutions are suitable for various meat substitute applications, including burgers, sausages, nuggets, and more. 

In addition to its plant-based protein solutions, DuPont offers various other food ingredients and technologies, including emulsifiers, hydrocolloids, enzymes, and cultures. These ingredients can enhance the texture, taste, and nutritional value of meat substitutes and other food products. 

DuPont is a global company that operates in various regions around the world. It operates in over 90 countries, with manufacturing facilities and offices in North America, Europe, Asia-Pacific, Latin America, and the Middle East. DuPont’s headquarters are located in Wilmington, Delaware, in the United States.

One of DuPont’s most popular meat substitute products is Supro, a soy protein isolate that can create meat-like textures in vegetarian and vegan products. Supro is known for its high protein content, clean flavor, and versatility, making it a popular choice for manufacturers of meat substitutes worldwide.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Product type, Category, Source
Countries AnalyzedUnited Kingdom, Germany, France, Italy, Spain, and Rest of Europe
Companies AnalyzedDuPont, ADM, Kerry Group, Ingredion Incorporated, Roquette Freres, Puris, Cargill, Axiom Foods, Sonic Biochem Limited, Crespel and Deiters, Wilmar International Limited, Shandong Jianyuan Group, The Nisshin OilliO Group Ltd, A&B Ingredients, Beneo

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING DEMAND FOR PLANT-BASED PROTEINS
      2. RISING HEALTH CONSCIOUSNESS 
      3. INCREASING OBESE POPULATION
      4. PRODUCT RESEARCH AND INNOVATIONS
    2. KEY RESTRAINTS
      1. DIVERSE AVAILABILITY OF SUBSTITUTES
      2. HIGH COSTS 
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON MEAT SUBSTITUTE MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY PRODUCT TYPE
    1. TOFU-BASED
    2. TEMPEH-BASED
    3. TVP-BASED
    4. SEITAN-BASED
    5. QUORN-BASED
    6. OTHER PRODUCT TYPES
  6. MARKET BY CATEGORY
    1. FROZEN
    2. REFRIGERATED 
    3. SHELF STABLE
  7. MARKET BY SOURCE
    1. SOY-BASED 
    2. WHEAT-BASED
    3. MYCOPROTEIN
    4. OTHER SOURCES
  8. GEOGRAPHICAL ANALYSIS 
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. SPAIN
        6. REST OF EUROPE
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. A&B INGREDIENTS 
      2. ADM 
      3. AXIOM FOODS 
      4. BENEO 
      5. CARGILL 
      6. CRESPEL AND DEITERS 
      7. DUPONT 
      8. INGREDION INCORPORATED 
      9. KERRY GROUP 
      10. PURIS 
      11. ROQUETTE FRERES 
      12. SHANDONG JIANYUAN GROUP 
      13. SONIC BIOCHEM LIMITED 
      14. THE NISSHIN OILLIO GROUP LTD
      15. WILMAR INTERNATIONAL LIMITED

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MEAT SUBSTITUTE

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: EUROPE MEAT SUBSTITUTE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: EUROPE MEAT SUBSTITUTE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: EUROPE MEAT SUBSTITUTE MARKET, BY CATEGORY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: EUROPE MEAT SUBSTITUTE MARKET, BY CATEGORY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: EUROPE MEAT SUBSTITUTE MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: EUROPE MEAT SUBSTITUTE MARKET, BY SOURCE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: EUROPE MEAT SUBSTITUTE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: EUROPE MEAT SUBSTITUTE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: LEADING PLAYERS OPERATING IN EUROPE MEAT SUBSTITUTE MARKET

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: EUROPE MEAT SUBSTITUTE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022

FIGURE 7: EUROPE MEAT SUBSTITUTE MARKET, BY TOFU-BASED, 2023-2032 (IN $ MILLION)

FIGURE 8: EUROPE MEAT SUBSTITUTE MARKET, BY TEMPEH-BASED, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE MEAT SUBSTITUTE MARKET, BY TVP-BASED, 2023-2032 (IN $ MILLION)

FIGURE 10: EUROPE MEAT SUBSTITUTE MARKET, BY SEITAN-BASED, 2023-2032 (IN $ MILLION)

FIGURE 11: EUROPE MEAT SUBSTITUTE MARKET, BY QUORN-BASED, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE MEAT SUBSTITUTE MARKET, BY OTHER PRODUCT TYPES, 2023-2032 (IN $ MILLION)

FIGURE 13: EUROPE MEAT SUBSTITUTE MARKET, GROWTH POTENTIAL, BY CATEGORY, IN 2022 

FIGURE 14: EUROPE MEAT SUBSTITUTE MARKET, BY FROZEN, 2023-2032 (IN $ MILLION)

FIGURE 15: EUROPE MEAT SUBSTITUTE MARKET, BY REFRIGERATED, 2023-2032 (IN $ MILLION)

FIGURE 16: EUROPE MEAT SUBSTITUTE MARKET, BY SHELF STABLE, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE MEAT SUBSTITUTE MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022 

FIGURE 18: EUROPE MEAT SUBSTITUTE MARKET, BY SOY-BASED, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE MEAT SUBSTITUTE MARKET, BY WHEAT-BASED, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE MEAT SUBSTITUTE MARKET, BY MYCOPROTEIN, 2023-2032 (IN $ MILLION)

FIGURE 21: EUROPE MEAT SUBSTITUTE MARKET, BY OTHER SOURCES, 2023-2032 (IN $ MILLION)

FIGURE 22: EUROPE MEAT SUBSTITUTE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 23: UNITED KINGDOM MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: GERMANY MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: FRANCE MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: ITALY MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: SPAIN MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: REST OF EUROPE MEAT SUBSTITUTE MARKET, 2023-2032 (IN $ MILLION)

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