Meat Substitutes - Czechia

Czechia

Highlights

Revenue in the Meat Substitutes market amounts to US$23.12m in 2024. The market is expected to grow annually by 5.90% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$2.20 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 1.24m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Meat Substitutes market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Meat Substitutes Market in Czechia is experiencing subdued growth, influenced by factors such as consumer preference for traditional meat products, limited availability and high prices of meat substitutes, and lack of awareness about their benefits. Despite this, the market is expected to continue growing due to rising health consciousness and increasing demand for sustainable food options within the overall Food Market in Czechia.

Customer preferences: As ethical and environmental concerns continue to rise, more consumers are turning towards plant-based alternatives to traditional meat products. This trend is particularly prominent in Czechia, where there is a growing interest in vegetarian and vegan diets. Additionally, the younger generation is more health-conscious and willing to experiment with alternative protein sources, contributing to the growth of the meat substitutes market. As a result, companies are introducing innovative meat-free options, such as mock meats and plant-based burgers, to cater to this demand.

Trends in the market: In Czechia, the Meat Substitutes Market within The Food market is experiencing a surge in demand as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with the market projected to grow at a CAGR of 9.5% from 2021 to 2026. This shift towards plant-based alternatives is significant for industry stakeholders, as it presents opportunities for product innovation and diversification. Additionally, the rise of flexitarian diets and increasing availability of meat substitutes in mainstream supermarkets indicate a potential shift in consumer behavior, posing both challenges and opportunities for traditional meat producers in the market.

Local special circumstances: In Czechia, the Meat Substitutes Market is driven by the rising trend of plant-based diets among health-conscious consumers. This is fueled by the country's strong vegetarian and vegan culture, as well as increasing concerns over animal welfare and sustainability. Additionally, the strict regulations on animal welfare and food safety in Czechia have also contributed to the growth of the Meat Substitutes Market, as consumers seek out safer and more ethical alternatives to meat products.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market in Czechia is greatly affected by macroeconomic factors such as consumer preferences, government policies, and economic growth. As the demand for vegetarian and vegan options continues to rise globally, the Czech government has implemented policies to support the growth of the meat substitutes market. Furthermore, the country's stable economic growth and increasing disposable income have led to a higher demand for healthier and sustainable food options, driving the growth of the meat substitutes market. Additionally, the growing global trend of reducing meat consumption for environmental and health reasons has also influenced the demand for meat substitutes in Czechia.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.