Europe Alternative Protein Market Size, Value, Key Players, Demands, Sales Channel and Forecasts to 2028

The alternative protein market in Europe is rapidly growing, driven by increasing consumer demand for sustainable and plant-based food options. The market includes a range of alternative protein sources, such as plant-based proteins, cultured meat, and insect-based proteins.

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The European Alternative Protein market was valued at USD 1906.4 Million in 2021 and is expected to grow at a CAGR of 20.2% during the forecast period of 2023-2028. The market will account for two-thirds of worldwide consumption by 2035, driven by a big and expanding population that is consuming more proteins as it becomes wealthier.

The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Archer-Daniels-Midland Company Kerry Group plc, Sudzucker AG, Glanbia PLC, Royal FrieslandCampina N.V., Arla Foods amba, Nomad Foods, Royal DSM N.V., Ingredion Incorporated, Cargill, Incorporated.

The growth of the alternative protein market in Europe is being driven by several factors, including increasing concerns about the environmental impact of animal agriculture, as well as health and ethical concerns about consuming animal products. Additionally, the COVID-19 pandemic has also accelerated the demand for alternative protein sources, as consumers seek out more sustainable and resilient food systems.

Some of the leading companies in the European alternative protein market include Beyond Meat, Impossible Foods, Quorn, Oatly, and The Vegetarian Butcher. These companies are investing heavily in research and development to improve the taste, texture, and nutritional profile of their products, and are also expanding their distribution networks to reach a wider consumer base.

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Overall, the alternative protein market in Europe is expected to continue growing in the coming years, driven by increasing consumer demand, innovation in product development, and supportive government policies aimed at promoting sustainable and plant-based food systems.

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