In 2022, the revenue of the meat substitute market of the European Union (EU-27) grew by 15.4 percent. Till 2026, growth of the market is forecast to be in the double digits. Positive growth is expected to continue into the future.
Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028
Data provided by Statista Market Insights are estimates.
The Meat segment includes fresh meat, processed meat and meat substitutes. The Fresh Meat segment covers beef, veal, pork, poultry, mutton, goat, and other fresh meat. The Processed Meat segment contains ham, bacon, sausages, cold cuts, and roasted meat. The Meat Substitutes segment includes plant-based meat and vegetarian meat. Meats are among the top product groups in the Food market in terms of sales and revenue. Yet due to growing health consciousness and the desire for meat alternatives among consumers, the demand for meat has slowed, as reflected by sales figures in some countries.
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Statista. (May 1, 2023). Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth
Statista. "Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028." Chart. May 1, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth
Statista. (2023). Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth
Statista. "Revenue Growth of The Meat Substitutes Market in The European Union (Eu-27) from 2019 to 2028." Statista, Statista Inc., 1 May 2023, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth
Statista, Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028 Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth (last visited September 20, 2024)
Revenue growth of the meat substitutes market in the European Union (EU-27) from 2019 to 2028 [Graph], Statista, May 1, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1403303/europe-meat-substitute-market-revenue-growth