United Kingdom Meat Substitutes Market Opportunities, Trends, Growth Analysis and Forecast to 2027

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UK Meat Substitutes Market Overview

The UK meat substitutes market was valued at GBP 623 million ($770.8 million) in 2022 and is expected to grow at a CAGR of more than 5% during the period 2022-2027. Single cell protein (Fungi/Algae) was the largest category in volume terms in 2022. The category is also forecast to register the fastest volume growth during 2022–2027, followed by soy based and vegetable/plant-based proteins.

UK Meat Substitutes Market Outlook, (GBP Million, 2022)

UK Meat Substitutes Market Outlook, (GBP Million, 2022)

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The UK meat substitutes market report provides an overview of the overall sector value and volume data with a growth analysis for 2017-2027. The report also offers value and growth analysis of individual segment share within each category and the change in their market share forecast for 2022-27

Market size 2022 GBP 623 million ($770.8 million)
CAGR % >5%
Review Period 2017-2022
Forecast period 2023-2027
Key Categories ·       Soy-Based Meat Substitutes

·       Grain-Based Meat Substitutes

·       Single Cell Protein

Key Distribution Channel ·       Hypermarkets & Supermarkets

·       Convenience Stores

·       E-Retailers

·       Food & Drinks Specialists

·       Others

Key competitors ·       Monde Nissin

·       VBites Foods Limited

·       Love Seitan

·       TOPAS GmbH

·       Vivera BV

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UK Meat Substitutes Market, Segmentation by Categories

The key categories in the UK meat substitute market are soy-based meat substitutes, grain-based meat substitutes, and single cell protein (Fungi/Algae). The Single cell protein ((Fungi/Algae) was the largest category in 2022 is also forecast to register the fastest value growth during 2022–2027. It was followed by vegetable/plant-based proteins, grain-based, and soy-based.

UK Meat Substitutes Market, by Categories, 2022 (%)

UK Meat Substitutes Market, by Categories, 2022 (%)

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UK Meat Substitutes Market, Segmentation by Distribution Channels

The key distribution channels in the UK meat substitute market are hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, and others. Hypermarkets & supermarkets was the leading distribution channel in the UK meat substitutes sector in 2022, followed by e-retailers.

UK Meat Substitutes Market, by Distribution Channel, 2022 (%)

UK Meat Substitutes Market, by Distribution Channel, 2022 (%)

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UK Meat Substitutes Market - Competitive Landscape

Some of the key brands in the UK meat substitutes market are Monde Nissin, VBites Foods Limited, Love Seitan, TOPAS GmbH, and Vivera BV. Monde Nissin International held the highest value share in 2022.

UK Meat Substitutes Market, by Brands, 2022 (%)

UK Meat Substitutes Market, by Brands, 2022 (%)

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Segments Covered in the Report

UK Meat Substitutes Market Outlook, Segmentation by Categories (Value, 2017-2027, GBP Million)

  • Soy-Based Meat Substitutes
  • Grain-Based Meat Substitutes
  • Single Cell Protein

UK Meat Substitutes Market Outlook, Segmentation by Distribution Channels (Value, 2017-2027, GBP Million)

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • E-Retailers
  • Food & Drinks Specialists
  • Others

Scope

  • Sector data: Overall sector value and volume data with growth analysis for 2017-2027
  • Category coverage: Value and growth analysis for grain based, soy based, and vegetable/plant based proteins with inputs on individual segment share within each category and the change in their market share forecast for 2022-27
  • Leading players: Market share of companies (in value terms) in 2022
  • Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.

Key Highlights

  • Per capita consumption of meat substitutes was higher in the UK than at both the global and regional levels in 2021
  • The per capita consumption of single cell protein (Fungi/Algae) substitutes was higher than other grain-based meat substitute categories in the UK in 2021
  • Hypermarkets & supermarkets are the leading distribution channel in the UK meat substitute sector
  • Private labels are growing at a lower CAGR than brands in the UK meat substitute sector

Reasons to Buy

  • Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis.
  • Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
  • Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
  • Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
  • Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, employed people, and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.

Monde Nissin
VBites Foods Limited
TOPAS GmbH
Vivera BV
Love Seitan

Table of Contents

  • 1. Executive Summary
  • 2. Market Environment

    • 2.1. Value and Volume Share of UK in the Global and Western Europe Markets
    • 2.2. Growth Analysis of UK Compared to Other Leading Countries in the Western Europe Market
    • 2.3. PCC and PCE of UK Compared to the Global and Western Europe Markets

  • 3. Sector Deep Dive

    • 3.1. UK Meat substitutes Sector Snapshot
    • 3.2. Market Size Analysis
    • 3.3. Cross-category Comparison – Value Growth Analysis and Category Winners and Losers
    • 3.4. Cross-category Comparison – Volume Growth Analysis and Category Winners and Losers

  • 4. Category Deep Dive

    • 4.1. Per Capita Consumption Analysis by Category
    • 4.2. Market Size Analysis – Category: Grain-based
    • 4.3. Segment-Level Analysis (in Value Terms) – Grain-based
    • 4.4. Segment-Level Analysis (in Volume Terms) – Grain-based
    • 4.5. Market Size Analysis – Category: Single cell protein (Fungi/Algae
    • 4.6. Segment-Level Analysis (in Value and Volume Terms) – Single cell protein (Fungi/Algae)
    • 4.7. Market Size Analysis – Category: Soy based
    • 4.8. Segment-Level Analysis (in Value Terms) – Soy based
    • 4.9. Segment-Level Analysis (in Volume Terms) – soy based
    • 4.10. Market Size Analysis – Category: Vegetable/Plant based proteins
    • 4.11. Segment-Level Analysis (in Value Terms) – Vegetable/Plant based proteins
    • 4.12. Segment-Level Analysis (in Volume Terms) – Vegetable/Plant based proteins

  • 5. Distribution Analysis

    • 5.1. Channel Share Analysis

  • 6. Competitive Environment

    • 6.1. Leading Companies Value Share
    • 6.2. Brand Share Analysis of Top Five Companies
    • 6.3. Brand Share Analysis of Top Five Companies by Category
    • 6.4. Private Label Share Analysis by Category
    • 6.5. Growth of Private Labels Compared to Branded Products
    • 6.6. Degree of Consolidation/Fragmentation by Category

  • 7. Macroeconomic Analysis

    • 7.1. GDP Growth and Inflation
    • 7.2. Population Growth
    • 7.3. Labor Market Trend
    • 7.4. Economic Summary, Labor Market, and Demographic Trends
    • 7.5. UK Risk Index (GCRI) 2022
    • 7.6. UK Risk Analysis – Compared to Global and Western Europe Markets

  • 8. Methodology

Frequently asked questions

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