Europe Meat Substitute Market Industry Trends & Forecast Report, 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe Meat Substitute Market size at USD 1.64 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe Meat Substitute Market size to grow at a robust CAGR of 13.09% reaching a value of USD 3.43 billion by 2029. Europe Meat Substitute Market is driven by increasing consumer awareness of health and environmental concerns, fostering a shift towards plant-based diets. Growing concerns about animal welfare, coupled with a rising demand for sustainable and ethical food choices, fuel the market's expansion. Innovations in meat substitute products, offering taste and texture akin to traditional meat, further stimulate consumer adoption. Government initiatives promoting plant-based diets, coupled with a surge in vegetarian and flexitarian lifestyles, contribute to market growth. Also, the convenience and accessibility of m...