Europe Plant-based Food Market
Report ID: SQMIC30B2037
Report ID: SQMIC30B2037
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Report ID:
SQMIC30B2037 |
Region:
Country |
Published Date: December, 2025
Pages:
221
|Tables:
93
|Figures:
68
Europe Plant-based Food Market size was valued at USD 11.34 Billion in 2024 and is poised to grow from USD 12.46 Billion in 2025 to USD 26.52 Billion by 2033, growing at a CAGR of 9.9% during the forecast period (2026–2033).
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.
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.
US Europe Plant-based Food Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 10.32 billion
Largest Segment
Soybean
Fastest Growth
Pea
Growth Rate
9.9% CAGR
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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.
By type, the diary substitutes segment held the largest market share in 2021 and is anticipated to retain its position over the forecast period. Increasing demand for various diary alternatives from lactose intolerant population across the region is major factor expected to drive the growth of the segment market. Moreover, owing to increased issues like lactose intolerance and allergy from milk from the consumption of cow's milk has paved the way to a rapid growth in the demand for plant-based alternative milk in the European region significantly.
By source, the soy ingredients segment accounted for highest market revenue share in 2021 due to its several beneficial features including easy availability, high quality, wider application areas, and cost-effectiveness. In addition, greater consumer acceptance for soy-based food products and rising focus on the introduction to new products across the region is also likely to factors driving the growth of the segment in the coming years.
Furthermore, the pea segment expected to witness fastest growth during the forecast period owing to the growing consumer preferences and high income in the many developed regions including Germany, France, and United Kingdom.
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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.
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Rising Health Concerns to Drive Market Growth
Growing Preference for Animal-based Products
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Europe plant-based food market is highly fragmented in nature with the existence of several large market players operating across the region. Major key players of the market are implementing on several business strategies including collaboration, mergers, acquisitions, partnerships, and new product launches for the better market reach and strengthen their market position ahead of its competitors.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Europe plant-based food market is witnessing a significant growth during the forecast period owing to the rising focus on introduction to new products and shift in consumer preferences towards healthier products in the region. In addition, growing prevalence of vegan and vegetarian consumers coupled with the rising consumer disposable income and spending capacity is also propelling the market growth at a significant growth rate over the coming years. However, high cost of plant-based products and requirement of large investment on setup process is likely to hamper the growth of the market throughout the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 11.34 Billion |
| Market size value in 2033 | USD 26.52 Billion |
| Growth Rate | 9.9% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Europe Plant-based Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Plant-based Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Plant-based Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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