“SkyQuest Technology Group has recently published a comprehensive Europe Plant-based Food Market report, offering a detailed analysis of the product landscape and industry scope while providing insights into the market outlook and future trends from 2025 to 2032. Growing trend of vegetarianism and increasing investment by several large ventures in animal alternatives coupled with the growing popularity of plant food products are key factors expected to drive the growth of the Europe plant-based food market during the forecast period. Moreover, increased retail sales of various type of food products across many supermarkets & hypermarkets and growing preferences for shopping from brick-and-mortar grocers owing to ease of access & large range of product availability are further anticipated to propel the growth of the market over the coming years.
Europe Plant-based Food Market size was valued at USD 10.32 billion in 2023 and is poised to grow from USD 11.34 billion in 2024 to USD 24.14 billion by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).
Rising concerns regarding environment among the population and their shift towards the vegans is also driving the growth of the market. Several greenhouses gases released by livestock such as cows block the atmospheric heat, which increases the overall temperature. Thus, the demand for plant-based products to get control on this is projected to contribute significantly to the market growth.
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Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Europe Plant-based Food Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Europe Plant-based Food Market is segmented by Product Type, Source, Distribution Channel, End-User and Country.
Based on Product Type, the market is segmented into Plant-based Dairy, Plant-based Meat, Plant-based Snacks, Plant-based Beverages, Plant-based Condiments and Others.
Based on Source, the market is segmented into Soy, Almond, Wheat, Pea, Rice and Others.
Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores and Others.
Based on End-User, the market is segmented into Household and Food Service.
Based on Country, the market is segmented into Germany, Spain, France, UK, Italy, Rest of Europe.
Europe Plant-based Food Market – Regional Analysis:
Geographically, Germany accounted for the largest market share in Europe plant-based food market in 2021 and is projected to maintain its dominance throughout the forecast period. The growth of the market is mainly attributed to rising number of vegetarian population, growing concern regarding animal welfare, and increasing number of vegetarian restaurants in the region.
Moreover, veganism is becoming a major trend in the Germany and the number of vegans have doubled in last 4 years from 1.3 million in 2016 to 2.6 million in 2020. Additionally, increasing advancements in manufacturing facilities, high commercial practices, and greater consumer expectations are also projected to fuel the growth of the plant-based food market in the coming years.
Top Market Players in Europe Plant-based Food Market are:
Alpro
Oatly
Huel
Veganz
Plamil Foods
Beyond Meat
Rude Health
Deliciously Ella
The Vegetarian Butcher
Quorn Foods
Europe Plant-based Food Market Recent Developments:
In October 2022, Redefine Meat of Israel has partnered with importer Giraudi Meats to expand European distribution of its “New Meat” 3D-printed steak cuts.
In May 2021, Nestle SA, a leading global market player based in Switzerland announced about its new partnership with ENOUGH. With this partnership, the company will bring new range of plant-based meat products in their product offerings to cater the rising demand for plant-based meat across the region.
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Forward-Looking Insights
The Europe Plant-based Food Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact Details:
SkyQuest Technology Group
USA (+1) 351-333-4748
Email: [email protected]”
