The alternative food market in Europe could grow tremendously in five years

By: Trademagazin editor Date: 2020. 10. 22. 11:22

The emergence of alternatives to meat and dairy products is causing major changes in the food industry as more and more meat and dairy companies enter this market to meet changing consumer demand. According to the latest report of ING analysts, the market for plant-based alternatives in the European Union and the United Kingdom will reach 7.5 billion euros by 2025, compared to 4.4 billion euros in 2019 – agrarszektor.hu wrote.

Between 2010 and 2020, retail sales of meat and dairy alternatives increased by almost 10 percent, according to ING. This result is largely due to the emergence of new products on the market and in the public consciousness, such as plant-based burgers, beverages and ice creams, as well as the increasing emphasis on health, animal welfare and sustainability issues in consumer decisions. (agrarszektor.hu, Szedlák Levente)