DUBLIN–(BUSINESS WIRE)–The “Europe Plant-Based Food and Beverage Market – Growth, Trends and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s providing.
Europe plant-primarily based meals and beverage market is projected to develop at a CAGR of 8.87% in the course of the forecast interval (2020-2025).
The gaining recognition of vegan eating regimen and incidences of lactose intolerance are driving the marketplace for plant-primarily based meals and drinks in Europe.
The rising shopper consciousness relating to the unfavourable influence of the consumption of meat on well being is resulting in a shift towards vegan eating regimen. Additionally, advantages of ldl cholesterol-free protein, with meat-like texture, are a kind of key elements selling the expansion of plant-primarily based meals and drinks.
Increased launch of unconventional dairy various merchandise, equivalent to hemp, pea, and cashew milk, is an optimistic improvement for the market, and that is anticipated to drive the market sooner or later, as a lot of the producers are making developments within the sector. Furthermore, there’s a important enchancment, when it comes to media protection, which is primarily in line with the rise in new product developments and the demand for merchandise.
The comparatively excessive costs of dairy alternate options, nonetheless, pose a problem to the market. The presence of nutritionally equal alternate options for a lower cost impacts the patron conduct and refrains the acquisition of dairy alternate options.
Key Market Trends
Rising Popularity of Vegan and Vegetarian Diets
Companies are interesting to a rising base of flexitarians who’re striving to introduce extra plant-primarily based meals into their diets. According to the European Vegetarian Union, as of 2017, 10% of German customers (7.Eight million people) have been vegetarians, and 1.1% have been vegans (900,000 people). In the research, “Prevalence of Persons Following a Vegetarian Diet in Germany,” performed in 2016, 6.1% of girls have been vegetarian/vegan in comparison with solely 2.5% of males. Among 18 to 29-year-olds, 9.2% of girls and 5.0% have been vegetarian/vegan. Another phase is the lactose-illiberal customers, who demand dairy alternate options because of their ‘impaired ability to digest lactose, a sugar found in milk and other dairy products,’ as per the National Institutes of Health (NIH).
Lactose tolerance is exceptionally widespread in Northern European nations equivalent to Sweden and Finland. Turkey, Italy, Germany, and Spain have been additionally recorded to have a few of the highest numbers of lactose-illiberal customers. Thus, the goal marketplace for plant-primarily based meals and beverage will not be restricted to vegans however features a overwhelming majority of customers, together with flexitarians, lactose-illiberal customers, and even customers searching for clear-label meals and beverage choices.
Germany is the Largest Market
Germany has a rising vegan and vegetarian inhabitants, with practically 10% of the inhabitants sticking to a vegetarian diet- one of many highest charges in Europe. Germany has gone as far as to create authorized definitions of vegan and vegetarian for meals labeling. To be outlined as vegan, meals should not be of animal origin or include components, processing aids, or different substances of any animal origin. Vegetarian items have the identical restrictions as vegan ones besides that they could include milk, colostrum, eggs, honey, beeswax, propolis, or wool grease.
The European plant-primarily based meals and drinks market is a fragmented market with a dominance of gamers, equivalent to Nestle SA, Hain Celestial, Conagra Brands, and Danone SA amongst others are key gamers out there studied.
Whereas, the opposite gamers, which can be principally home begin-ups, are utilizing the most recent of innovation to have a robust maintain out there. Companies like Upfield, AMIDORI Food Company GmbH & Co. KG, amongst others are few main personal regional gamers providing huge product portfolio of meat substitute merchandise which make them important within the Europe plant-primarily based meals market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
Three EXECUTIVE SUMMARY
3.1 Market Overview
Four MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Types
5.1.1 Meat Substitutes
188.8.131.52 Textured Vegetable Protein
5.1.2 Dairy Alternative Beverages
184.108.40.206 Soy Milk
220.127.116.11 Almond Milk
18.104.22.168 Other Dairy Alternative Beverages
5.1.3 Non-dairy Ice Cream
5.1.4 Non-dairy Cheese
5.1.5 Non-dairy Yogurt
5.1.6 Non-dairy Spreads
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3 By Country
5.3.1 United Kingdom
5.3.6 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Danone SA
6.4.2 Blue Diamond Growers
6.4.3 Campbell Soup Company
6.4.4 Hain Celestial Group
6.4.5 Conagra Brands Inc.
6.4.6 AMIDORI Food Company GmbH & Co. KG
6.4.7 Beyond Meat Inc.
6.4.8 Nestle SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For extra details about this report go to https://www.researchandmarkets.com/r/uhrckl