The Europe Plant-based Food Market is expected to grow at a CAGR of 10.1% from 2022 to 2029 to reach $16.70 billion by 2029 from an estimated $8.54 billion in 2022. The shift towards plant-based diets in Europe has been driven by the increasing prevalence of intolerance for animal protein, rising acceptance of vegan & vegetarian diets, venture investments in plant-based product companies, and innovation in food technology. Moreover, product launches by plant-based food and alternative protein manufacturers is expected to create lucrative opportunities for players operating in this market. However, the comparatively higher price range for plant-based food products and significant preference for animal-based products are expected to hinder the growth of this market to some extent.
Here are the top 10 companies operating in Europe Plant-based Food Market
Beyond Meat Inc. (U.S.)
Beyond Meat is engaged in manufacturing, marketing, and selling meat substitutes. The company offers burgers, sausage, crumbles, strips, and other related products. The company sells its products through grocery, mass merchandiser, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. In Europe, Beyond Meat has two facilities in the Netherlands: a co-manufacturing facility in Zoeterwoude owned and operated by Dutch company Zandbergen, and an owned facility in Enschede. These two facilities service the distribution network across Europe.
As of December 2021, the company sold its fresh & frozen meat alternative at approximately 130,000 retail stores, restaurants, and foodservice outlets in more than 65 countries worldwide.
Danone S.A. (France)
Danone is engaged in developing, manufacturing, and selling food products and beverages. The company operates through three business segments: Essential Dairy and Plant-Based Products, Specialized Nutrition, and Waters. The company’s brand portfolio includes both international brands (Activia, Actimel, Alpro, Danette, Danonino, Danio, Evian, Volvic, Nutrilon/Aptamil, and Nutricia) and local brands (Aqua, Blédina, Cow & Gate, Bonafont, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, and Vega). The company offers plant-based dairy and meat alternatives through its Essential Dairy and Plant-Based Products segments.
Through the network of 530 research & innovation specialists in 40 countries, the company sells its products in over 120 countries.
Amy’s Kitchen, Inc. (U.S.)
Amy’s Kitchen is engaged in producing and marketing natural and organic convenience and frozen foods. The company’s product portfolio is segmented into entrées, bowls, burritos & wraps, pizza, pasta, soups, snacks, pot pies, veggie burgers, veggie meats, chili, beans, pasta sauce, salsa, candy, and others. The company distributes its specialty foods globally through supermarkets, natural food and grocery stores, warehouse clubs, colleges, and online.
With several manufacturing locations in the U.S., such as California (Santa Rosa), Idaho (Pocatello), and Oregon (Medford), the company has its geographic presence in North America, Europe, Asia-Pacific, and Latin America.
The Hain Celestial Group, Inc. (U.S.)
The Hain Celestial Group is engaged in manufacturing, marketing, distributing, and selling foodstuffs, personal care products, and alternative meat products. The company operates through four business segments: Grocery, Snacks, Personal Care, and Tea. The company offers soy, rice, oat, almond, and coconut-based beverages, frozen desserts, and meat alternatives in the plant-based products market. The company offers plant-based products through various brands, such as The Lima, Natumi, Linda, Dream, Joya, WestSoy, Yves Veggie Cuisins, and Formatio. The company sells its products through specialty and natural food distributors; supermarkets, stores, mass-market, and e-commerce retailers; and foodservice channels and clubs.
With several manufacturing facilities in Europe and North America, the company has a geographic presence in more than 70 countries.
Daiya Foods Inc. (Canada) (a subsidiary of Otsuka Pharmaceutical Co., Ltd.)
Daiya Foods is engaged in producing and supplying plant-based food products. The company’s portfolio includes alternative cheese products, yogurt alternatives, dressings, and desserts. The company also partners with other companies, including Amy, NuLife, Gardein, Tofurky, and others. The firm has broad consumer appeal and high brand elasticity, offering a growing portfolio of delicious, plant-based foods. Daiya’s products attract a wide range of consumers, appealing to those with high health consciousness, as well as vegans, vegetarians, and consumers with food allergies and intolerances.
The company has its geographic presence in North America, Latin America, Europe, and Asia-Pacific.
“Meticulous Research in its latest publication on Europe Plant-based Food Market has predicted the growth of 10.1% during the forecast year 2022-2029”
Marlow Foods Ltd. (U.K.) (a subsidiary of Monde Nissin Corporation)
Marlow Foods is engaged in producing and selling meat alternatives. The company offers Quorn products which are made from mycoprotein. The company’s product portfolio is segmented into mince, chicken pieces, sausages, crispy-coated products, ready meals, and chilled burgers, among others.
The company sells its products across the globe.
Nestlé S.A. (Switzerland)
Nestlé is engaged in the manufacturing and supply of food and beverage as well as nutritional products. The company operates through seven business segments: Powdered and Liquid Beverages, PetCare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk Products and Ice Cream, Confectionery, and Water. In the plant-based food market, the company offers plant-based meat, dairy alternatives, seafood alternatives, egg replacers, and plant-based confectionery. Along with dairy alternatives, the company also adds plant-based options across its brands, including Nesquik chocolate drinks, Nescafe coffee, and KitKat chocolate.
The company has its geographic presence in North America, Europe, Asia-Pacific, the Middle East & Africa.
Unilever PLC (U.K.)
Unilever is engaged in manufacturing and selling consumer goods. The company operates through three business segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The company offers plant-based products through the Foods and Refreshment segment. Subsidiaries of the company, such as The Vegetarian Butcher and 3F Bio Ltd, are engaged in offering plant-based products, including plant-based meat, ice cream, other recipes.
The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Plamil Foods Ltd. (U.K.)
Plamil Foods is engaged in manufacturing and distributing plant-based dairy alternatives. The company offers milk-free chocolate, spreads, and other milk-free products. The company supplies its products to consumers, retailers, wholesalers, and food catering and manufacturing facilities worldwide.
The Meatless Farm (U.K.) (a subsidiary of Morten Toft Bech)
The Meatless Farm is engaged in producing vegan and plant-based meats. In the space of plant-based food, the company offers plant-based mince, burgers & sausages. The company has its geographic presence in North America, Europe, Asia, and the Middle East & Africa.
Popular Mentions: Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plant & Bean Ltd (U.K.), Berief Food GmbH (Germany), and Veganz Group AG (Germany).
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Authoritative Research on the Europe Plant-based Food Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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