ConsumerIntel360 Expects the Plant Protein Industry in the United Kingdom to Grow at a CAGR of 16.9% During 2021-2027| Insights on Market Dynamics| Market Size by Product Categories| Market Size by Retail Sales Pricing

In the UK, the rise in the number of ‘flexitarian’ consumers is also driving the demand for plant-based proteins. Higher profit margin and customer loyalty are encouraging retailers such as ASDA, Sainsbury’s, and Tesco to launch private label brands. Private label product launches are expected to increase over the period.

Moreover, the rising vegan population in the country is also supporting the market growth. The trend is widening the scope for plant-based protein manufacturers to introduce new products that can offer the same taste and flavor as the conventional animal protein.

Additionally, the easy availability of vegan and vegetable food products in almost all leading stores is also supporting the demand for plant-based protein products in the UK. It is expected that the market will grow significantly in the coming years which is expected to attract more investment in the sector.

The plant protein market in United Kingdom has recorded a strong growth with a CAGR of 24.1% during 2018-2020. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, plant protein in United Kingdom is gaining traction among health-conscious consumers in recent years.

Large consumer food companies are launching plant-based alternatives to cater to the changing consumers' preferences. New product developments and a rising number of product launches in this segment are changing the overall outlook of the plant protein industry.

The market growth has been also fueled by the ongoing COVID – 19 pandemic. The demand for plant protein products is expected to increase significantly over the short to medium term.

Plant protein industry is expected to continue to grow in United Kingdom over the forecast period. It is expected to record a CAGR of 16.9% during 2021-2027. The plant protein consumption in the country will increase from US$ 645.2 million in 2020 to reach US$ 2004.4 million by 2027.

This business intelligence report from ConsumerIntel360 aims to analyze market opportunities and risks in plant protein industry in United Kingdom. This report offers a detailed view of market opportunity by end user segments, product categories, ingredients, applications, key cities, competing protein segments, price point, and shift in consumption by consumer demographics.
• White Space Analysis: For each product category, this report provides market opportunities across price point and key end-use segments.
• Product Innovation: Captures key innovative plant protein product launches in United Kingdom along with claims, product positioning and targeting.
• Competitive Landscape and Brand Share Analysis: Provides a snapshot of overall competitive landscape and brand share by product category.
• Product Claims Analysis: Provides a detailed view on top claims and emerging claims, offering insights into changing targeting strategy adopted by leading plant protein manufacturers.
• Changing Consumer Preferences: Quantified details on changing consumer preferences along with forecast.
• Plant Protein Consumption by Ingredients: Provides a detailed view of opportunities across key plant protein ingredients (Soy, Pea, Beans & Lentils, Hemp, Flaxseed, Pumpkin & Other Seeds, Brown Rice, Quinoa, Spirulina & Seaweed, and Nuts)
• Plant Protein Sales by Channel: Sales breakdown by online vs. offline channels.
• Plant Protein Sales by Retail Outlet: Sales breakdown by retail outlets grouped by four categories – Diversified Stores, Pharmaceutical & Wellness Stores, Healthcare and Fitness Centers, and Specialist Sports Stores.
• Plant Protein Consumption by Functional Product Type: Plant protein consumption breakdown by 3 segments – Ready to Eat, Ready to Drink, Ready to Mix, and Ready to Cook.
• Plant Protein Consumption by Product Categories: Detailed market size and forecast by eight product categories – Nutrition Supplements, Protein Bars, Sports Nutrition, Meal Alternative, Dairy Alternatives, Meat Alternatives, Bakery Products, and Infant Formulas.
• Plant Protein Consumption by Price Points: Plant protein demand analysis by price points – Premium, Mid-Tier, and Low End.
• Plant Protein Consumption by Cities: Plant protein demand analysis by key cities grouped under three segments – Tier 1, Tier 2, and Tier 3.
• Plant Protein Consumption by Consumer Demographics: Plant protein demand / consumption analysis by age, gender, and income levels.

Scope

This research report provides in-depth analysis of plant protein industry in United Kingdom, providing white space / gap analysis, product innovation, product claims analysis, and brand share analysis, competitive landscape, market size across 50+ segments. Below is the taxonomy, providing detailed scope of coverage.

United Kingdom Plant Protein Market Dynamics – Strategy & Innovation
• Competitive Landscape Snapshot
• White Space / Demand Gap Analysis by Product Category
• Brand Share by Product Category
• Key Innovative Launches
• Insights on Market Dynamics

United Kingdom Plant Protein Market Size by Ingredients

• Soy
• Pea
• Beans & Lentils
• Hemp
• Flaxseed, Pumpkin & Other
• Brown Rice
• Quinoa
• Spirulina & Seaweed
• Nuts
• Other

United Kingdom Plant Protein Market Size by Product Categories

• Nutrition Supplements
• Protein Bars
• Sports Nutrition
• Meal Alternative
• Dairy Alternatives
• Meat Alternatives
• Bakery Products
• Infant Formulas
• Other

United Kingdom Plant Protein Market Size by Functional Segments

• Ready to Mix
• Ready to Eat
• Ready to Drink
• Ready to Cook

United Kingdom Plant Protein Market Share Analysis by Sales Channels
• Online
• In-Store

United Kingdom Plant Protein Market Share Analysis by Type of Retail Outlet

• Pharmaceutical & Medical Store
• Grocery Retailers
• Health and Wellness Stores
• Specialist Sports Store

United Kingdom Plant Protein Market Size by Retail Sales Pricing

• Premium
• Mid-Tier
• Low End

United Kingdom Plant Protein Market Size by Cities

• Tier 1 Cities
• Tier 2 Cities
• Tier 3 Cities

United Kingdom Plant Protein Consumption by Demographics
• Age
• Gender
• Income

Key Plant Protein Brands in UK (based on consumer popularity)

• Almased
• Alpro
• Amfit Nutrition
• Barebells
• Battle Bites
• BEN & JERRY'S
• Beyond Meat
• Bonsoy
• BRAVE
• BULK POWDERS
• Ecomil
• Flora
• Fry's
• Fuel 10K
• Garden of Life
• Graze
• Linda Mccartney
• Lizis
• Morrisons
• Naked
• Natures Plus
• nu3
• PHD Nutrition
• PlantFusion
• Plenish
• Provamel
• Pulsin
• Purely Inspired
• Science in Sport
• SCI-MX Nutrition
• Sevenhills Wholefood
• SlimFast
• Stripfast 5000
• Swisse Me
• Tailwind Nutrition
• The Bulk Protein Company
• THE PROTEIN WORKS
• The Vegetarian Butcher
• ThinkThin
• This
• Trek
• Tribe
• USN
• Vbites
• Vega
• Vivera

To get detailed insights and FREE sample report please click here @
https://www.consumerintel360.com/reportstore/view/United-Kingdom-Plant-Protein-Business-90

Reasons to Purchase

• Market Opportunity: Get detailed understanding of plant protein market opportunity in United Kingdom across 50+ segments.
• White Space Analysis: Understand gap in demand / supply across product categories and identify unique opportunities.
• Competitive Landscape & Brand Share: Get a detailed view on competitive landscape along with key brands across plant protein product categories.
• Strategy & Innovation: In-depth understanding of strategies adopted to gain market share along with a snapshot of key innovative plant protein product launches.
• Consumer Preference & Buying Behaviour: Gain insights into changing consumer consumption & buying preferences across plant protein product categories.
• Distribution Channel: Fine tune sales and distribution strategy by focusing on right channels to maximize ROI.

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This release was published on openPR.