U.S. markets closed
  • S&P 500

    3,901.36
    +0.57 (+0.01%)
     
  • Dow 30

    31,261.90
    +8.77 (+0.03%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • Russell 2000

    1,773.27
    -2.96 (-0.17%)
     
  • Crude Oil

    110.35
    +0.46 (+0.42%)
     
  • Gold

    1,845.10
    +3.90 (+0.21%)
     
  • Silver

    21.87
    -0.03 (-0.13%)
     
  • EUR/USD

    1.0562
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    2.7870
    -0.0680 (-2.38%)
     
  • GBP/USD

    1.2495
    +0.0020 (+0.16%)
     
  • USD/JPY

    127.8500
    +0.0560 (+0.04%)
     
  • BTC-USD

    29,426.27
    +390.58 (+1.35%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • Nikkei 225

    26,739.03
    +336.19 (+1.27%)
     

European Meat Substitute Market 2021-2027: Foods for Tomorrow, Monde Nissin Corporation, Moving Mountains Foods, Premier Foods Plc and Schouten Europe Dominate

·3 min read

DUBLIN, Dec. 2, 2021 /PRNewswire/ -- The "Europe Meat Substitute Market by Product Type, Source, And Category: Regional Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo
Research and Markets Logo

Europe is regarded as a potential market for meat substitute products. This is essentially attributable to the increase in vegan & flexitarian consumer base and rise in awareness among consumers regarding animal welfare.

In addition, consumers are opting for food products that are ethically sourced, healthy, cause low environmental impact, and are cost-effective, which boosts the demand for meat substitutes. Furthermore, consumers are gradually analyzing their meat consumption, owing to the health risks associated with red meat such as alarming rise in prevalence of cardiac diseases, high blood cholesterol, and other conditions.

These factors have propelled the demand for meat substitutes in the European region. In addition, increase in social media influence majorly contributes toward the market growth. For instance, netizens uploading appealing images of meat-free meals alongside conscious and health-affirming hashtags (such as #veganfit and #consciouseating) on social media platforms has enabled to establish an online vegan community.

Hence, the spread of knowledge through social media platforms has been another crucial factor that augments the growth of the Europe meat substitute market. However, specialty meat substitute products are priced comparatively higher than their meat counterparts, which acts as a key restraint of the market.

On the contrary, manufacturers are developing technology to reduce the cost of plant-based meat ingredients and the process of extracting plant-based proteins, and are trying to improve the texture of plant-based meats. This can be regarded as an opportunity by manufacturers for further growth and expansion of the Europe meat substitute market through product diversification and innovation.

The European meat substitute market is segmented into product type, source, category and country. By product type, the market is classified into tofu-based, tempeh-based, TVP-based, seitan-based, Quorn-based and others. Depending on source, it is categorized into soy-based, wheat-based, mycoprotein and others. On the basis of category, it is fragmented into frozen, refrigerated and shelf stable. Country wise, the market is studied across Germany, France, the UK, Italy, Spain, and rest of Europe.

The key players operating in the Europe meat substitute industry include:

  • Foods for Tomorrow

  • Monde Nissin Corporation

  • Moving Mountains Foods

  • Premier Foods Plc

  • Rugenwalder Muhle Carl Muller GmbH & Co. Kg

  • Schouten Europe B.V.

  • Taifun-Tofu GmbH

  • The Meatless Farm

  • Vbites Foods Ltd.

  • Vivera Foodgroup

Key Benefits for Stakeholders

  • The report provides a quantitative analysis of the current European meat substitute market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.

  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.

  • Major countries in Europe are mapped according to their revenue contribution to the market.

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the European meat substitute industry.

KEY MARKET SEGMENTS

By Product Type

  • Tofu-Based

  • Tempeh-Based

  • Tvp-Based

  • Seitan-Based

  • Quorn-Based

  • Others

By Source

  • Soy-Based

  • Wheat-Based

  • Mycoprotein

  • Others

By Category

  • Frozen

  • Refrigerated

  • Shelf Stable

By Country

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

For more information about this report visit https://www.researchandmarkets.com/r/v6m2au

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/european-meat-substitute-market-2021-2027-foods-for-tomorrow-monde-nissin-corporation-moving-mountains-foods-premier-foods-plc-and-schouten-europe-dominate-301436517.html

SOURCE Research and Markets