𝐄𝐮𝐫𝐨𝐩𝐞 𝐏𝐥𝐚𝐧𝐭-𝐁𝐚𝐬𝐞𝐝 𝐌𝐞𝐚𝐭 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬, 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐛𝐲 𝟐𝟎𝟐𝟖

The Europe plant-based meat products market is expected to grow from US$ 2,060.30 million in 2021 to US$ 5,311.09 million by 2028; it is estimated to grow at a CAGR of 14.5% from 2021 to 2028

The Europe plant-based meat products market is expected to grow from US$ 2,060.30 million in 2021 to US$ 5,311.09 million by 2028; it is estimated to grow at a CAGR of 14.5% from 2021 to 2028.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/BMIRE00025605

The vegetarian population, especially vegan ones, has grown significantly in recent years. People are increasingly switching to vegetarian diets, owing to increased health concerns. Many dieticians and health practitioners recommend reducing meat consumption and switching to a vegetarian diet to reduce the risks of chronic health issues, including obesity, heart diseases, high blood pressure, and digestive disorders. According to Google Trends, veganism was one of the top five searched terms on Google in 2019 in the UK and across Europe. A report published by Veganuary (a nonprofit organization that encourages individuals in Europe to become vegan for the whole month of January) states that approx. 5.8 million people signed up for the ‘Veganuary Campaign’ in 2021.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤@ https://www.businessmarketinsights.com/reports/europe-plant-based-meat-products-market

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe plant-based meat products market in the coming years. The market is expected to grow at a good CAGR during the forecast period

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

 

Beyond Meat

Kellogg’s Company

Tofurky

VBites Foods Ltd

Quorn

Impossible Foods Inc.

Segmentation by Distribution Channel: The Dominance of Supermarkets and Hypermarkets

The distribution channel plays a pivotal role in reaching consumers and driving market growth. The European plant-based meat market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and other channels. In 2020, supermarkets and hypermarkets emerged as the dominant distribution channel, capturing the largest market share. This dominance can be attributed to several factors. Firstly, supermarkets and hypermarkets offer wide accessibility, catering to a large consumer base across urban and rural areas. Secondly, these channels provide extensive shelf space and prominent displays, increasing product visibility and consumer awareness. Thirdly, supermarkets and hypermarkets often implement effective marketing strategies, including promotions, discounts, and in-store demonstrations, to drive sales and encourage trial.

Convenience stores also play a significant role in the market, offering consumers a convenient and accessible option for purchasing plant-based meat products. These stores are often located in high-traffic areas, catering to consumers seeking quick and convenient meal solutions. Online retail is a rapidly growing channel, offering consumers a wide range of products and convenient delivery options. The increasing adoption of e-commerce platforms and the growing demand for online grocery shopping have contributed to the growth of this channel. Other distribution channels, such as restaurants, food service outlets, and specialty stores, also contribute to the market's growth, catering to specific consumer segments and culinary applications.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

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