Dublin, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The "Europe Plant-Based Food and Beverage Market 2023-2030" report has been added to ResearchAndMarkets.com's offering.
According to this report, the European plant-based food and beverage market is expected to grow significantly in value terms, with a CAGR of 10.91% from 2023 to 2030. The report focuses on several countries within the region, including the United Kingdom, the Nordic countries, Germany, Spain, Italy, France, and the Rest of Europe.
The market for plant-based food and beverage in the United Kingdom is driven by health consciousness, weight management, animal welfare, environmental issues, and concerns about antibiotics. People are increasingly adopting 'flexitarian' diets - cutting down on meat and dairy while eating more plant-based foods. As a result, the plant-based food and beverage market is experiencing significant growth.
Likewise, the French population has become increasingly conscious of their food choices, leading to demand for plant-based alternatives. In this regard, the country has introduced a national vegetable protein strategy to increase the domestic production of plant-based proteins for feed and human consumption. This initiative is a significant step towards promoting agricultural sovereignty and sustainability, highlighting the country's progress in the plant-based food and beverage market.
COMPETITIVE OUTLOOK
The key players in the plant-based food and beverage market include:
- General Mills Inc
- Danone Sa
- Conagra Brands Inc
- the Hain Celestial Group Inc
- Blue Diamond Growers
- the Archer-Daniels-Midland Company (Adm)
- Nestle Sa
- Impossible Foods Inc
- Amy's Kitchen Inc
- Beyond Meat Inc
- Campbell Soup Company
- Daiya Foods Inc
- Living Harvest Foods Inc
- Meatless Farm
- Kevita Inc
Market Dynamics
Market Drivers
- Shift Towards Veganism
- Rising Lactose Intolerance
- Advantages of Plant-Based Diet
Market Challenges
- High Cost of Plant-Based Products
- Limited Awareness About Plant-Based Food Products
- Different Perceptions About Plant-Based Food and Beverages
Market Opportunities
- Sustainable Products and Recyclable Packaging
- Revolutionary Manufacturing Procedures
- Innovation and Diversity in Plant-Based Food and Beverages
For more information about this report visit https://www.researchandmarkets.com/r/iabori
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