Market by Type, Source, Distributors, and Country | Forecast 2021-2028
The European plant-based food and beverage market is likely to develop with a CAGR of 8.76% over the forecast duration from 2021 to 2028, states a report by Triton Market Research.
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The countries scrutinized in this market include:
•          The United Kingdom
•          Germany
•          Spain
•          France
•          Italy
•          Russia
•          Rest of Europe countries
The number of vegan startups in the United Kingdom has been steadily increasing. Brands such as Allplants Ltd and Little Bandits are launching new products into the market to cater to the increasing demand for innovative, plant-based food products. In March 2020, Quorn Foods partnered with Teesside University for testing and developing different methods of making mycoprotein, which is the main ingredient in Quorn’s products. The aim was to achieve a more viable production methodology and improved product quality. In 2020 and 2021, the British food tech company, Moving Mountains, extended its product line with plant-based options of fish fingers and tender beef strips. This shows that there is a high demand for plant-based foods in the UK market, which will drive its growth in the coming years.
Germany has the largest population of vegetarians than any other country in Europe. Veganism in Germany mainly revolves around natural, unprocessed, and wholesome products, more precisely organic, gluten-free in the country, which has a total population of 82 million people. Some of the most consumed plant-based products in Germany are made by brands like Veganz, Alpro, Made with Luve, Simply V, and Oatly, among others. In February 2021, Oatly launched a wide-scale ad campaign in the country to introduce viewers to its top-selling products, in a bid to raise awareness of cruelty-free, plant-based food options. These developments show that the market for plant-based food and beverage in the country will immensely progress in the coming period.
Quorn Foods is engaged in manufacturing meat-free frozen foods. The company offers meat substitute/frozen food products, such as chicken-style nuggets, garlic & herb cutlets, patties, chicken-style naked cutlets, gruyere cutlets, chicken-style recipe tenders, beef-style burgers, beef-style recipe grounds, meat-free meatballs, turkey-style roast, and vegan products. Quorn Foods is headquartered in Stokesley, the United Kingdom.
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VIEW REPORT1. EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET – SUMMARY   Â
2. INDUSTRY OUTLOOKÂ Â
2.1. IMPACT OF COVID-19 ON THE PLANT-BASED FOOD AND BEVERAGE INDUSTRY
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  AWARENESS ABOUT ANIMAL HEALTH AND SAFETY      Â
2.2.2.  MANUFACTURING PLANT EXPANSIONS     Â
2.2.3.  CONCERNS ABOUT HEALTH AND CHANGING LIFESTYLES      Â
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1.  THREAT OF NEW ENTRANTS  Â
2.3.2.  THREAT OF SUBSTITUTE          Â
2.3.3.  BARGAINING POWER OF BUYERS    Â
2.3.4.  BARGAINING POWER OF SUPPLIERS
2.3.5.  THREAT OF COMPETITIVE RIVALRY Â
2.4. MARKET ATTRACTIVENESS INDEXÂ Â
2.5. VENDOR SCORECARDÂ
2.6. KEY MARKET STRATEGIESÂ Â Â Â Â
2.6.1.  PRODUCT LAUNCHES   Â
2.6.2.  CONTRACT & PARTNERSHIPS
2.7. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.7.1.  SHIFT TOWARDS VEGANISM   Â
2.7.2.  RISING LACTOSE INTOLERANCE       Â
2.7.3.  ADVANTAGES OF PLANT-BASED DIET         Â
2.8. MARKET CHALLENGES
2.8.1.  HIGH COST OF PLANT-BASED PRODUCTSÂ
2.8.2.  LIMITED AWARENESS   Â
2.8.3.  DISPARITY IN PERCEPTION OF DAIRY AND PLANT-BASED FOOD AND BEVERAGESÂ
2.9. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.9.1.  AVAILABILITY OF SUSTAINABLE PRODUCTS AND RECYCLABLE PACKAGING  Â
2.9.2.  REVOLUTIONARY MANUFACTURING PROCEDURES      Â
2.9.3.  INTRODUCTION OF BRAND NEW PRODUCTS       Â
3. EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY TYPE
3.1. DAIRYÂ Â Â Â Â Â Â Â Â
3.2. MEATÂ Â Â Â Â Â Â Â Â Â
3.3. OTHER TYPESÂ Â Â Â Â
4. EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY SOURCE    Â
4.1. SOYÂ
4.2. WHEATÂ Â Â Â Â Â Â
4.3. ALMONDÂ Â Â Â
4.4. CORNÂ Â Â Â Â Â Â Â Â
4.5. OTHER SOURCESÂ Â Â Â Â Â Â Â Â Â
5. EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY DISTRIBUTORS    Â
5.1. SUPERMARKETS/HYPERMARKETSÂ
5.2. CONVENIENCE STORESÂ Â Â Â Â Â Â Â Â Â
5.3. SPECIALTY STORESÂ Â Â Â Â Â
5.4. ONLINE RETAILÂ Â Â
5.5. OTHER DISTRIBUTORSÂ
6. EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK       Â
6.1. UNITED KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIAÂ Â Â Â Â Â
6.7. REST OF EUROPEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7. COMPETITIVE LANDSCAPEÂ
7.1. AMY’S KITCHEN             Â
7.2. BEYOND MEAT INCÂ Â Â Â Â Â Â Â
7.3. BLUE DIAMOND GROWERSÂ Â Â Â Â
7.4. CALIFIA FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.5. CONAGRA BRANDSÂ Â Â Â Â Â Â
7.6. DAIYA FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.7. DANONE SA
7.8. FIELD ROAST GRAIN MEAT CO INC
7.9. IMPOSSIBLE FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.10. KIKKOMAN CORPORATIONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.11. MORNINGSTAR FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.12. MOVING MOUNTAINSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.13. PACIFIC FOODS OF OREGONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.14. QUORN FOODSÂ
7.15. SUNFEDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.16. SWEET EARTH INCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.17. THE HAIN CELESTIAL GROUP INCÂ Â
7.18. YOFIX PROBIOTICSÂ Â Â Â Â
8. RESEARCH METHODOLOGY & SCOPEÂ Â Â Â Â
8.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.2. SOURCES OF DATAÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: VEGANISM AROUND THE WORLD
TABLE 4: POPULATION PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE ACROSS THE WORLD
TABLE 5: ANNUAL CONSUMPTION OF COW MILK WORLDWIDE BY COUNTRY
TABLE 6: NEW PRODUCT LAUNCHES OF PLANT-BASED PRODUCTS
TABLE 7: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)
TABLE 9: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)
TABLE 10: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 3: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY DAIRY, 2021-2028 (IN $ MILLION)
FIGURE 4: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY MEAT, 2021-2028 (IN $ MILLION)
FIGURE 5: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)
FIGURE 6: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2020 & 2028 (IN %)
FIGURE 7: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2021-2028 (IN $ MILLION)
FIGURE 8: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2021-2028 (IN $ MILLION)
FIGURE 9: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2021-2028 (IN $ MILLION)
FIGURE 10: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY CORN, 2021-2028 (IN $ MILLION)
FIGURE 11: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER SOURCES, 2021-2028 (IN $ MILLION)
FIGURE 12: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2020 & 2028 (IN %)
FIGURE 13: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2021-2028 (IN $ MILLION)
FIGURE 14: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2021-2028 (IN $ MILLION)
FIGURE 15: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2021-2028 (IN $ MILLION)
FIGURE 16: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE RETAIL, 2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER DISTRIBUTORS, 2021-2028 (IN $ MILLION)
FIGURE 18: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 19: UNITED KINGDOM PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: GERMANY PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: FRANCE PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: SPAIN PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: ITALY PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: RUSSIA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: REST OF EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)