Meat Substitutes - France

France

Revenue in the Meat Substitutes market amounts to US$155.20m in 2024. The market is expected to grow annually by 8.92% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$2,371m in 2024).
In relation to total population figures, per person revenues of US$2.39 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 13.16m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 8.3% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 0.1kg in 2024.

Key regions: Spain, Russia, United Kingdom, South Korea, India

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Analyst Opinion

The Meat Substitutes Market in France is experiencing subdued growth, influenced by factors such as consumer demand for healthier options, rising awareness about sustainable food choices, and the convenience of plant-based products in the meat market.

Customer preferences: Consumers in France are showing a growing interest in plant-based meat substitutes, driven by health and environmental concerns. This trend is further fueled by the rise of flexitarian and vegan diets among younger generations. Additionally, the increasing availability and variety of meat substitutes in supermarkets and restaurants reflect the changing attitudes towards meat consumption. The demand for these alternatives is also supported by the growing number of individuals seeking to reduce their meat intake for ethical and sustainability reasons.

Trends in the market: In France, there is a noticeable trend towards plant-based diets, leading to an increase in demand for meat substitutes within the Meat Market of The Food market. This trend is driven by various factors, such as health and environmental concerns, as well as the rise of flexitarian and vegetarian lifestyles. As a result, companies in the Meat Substitutes Market are expanding their product offerings and investing in research and development to meet this demand. This shift towards plant-based alternatives could have significant implications for traditional meat producers, as they may need to adapt their strategies to stay competitive in the evolving market landscape.

Local special circumstances: In France, the Meat Substitutes Market within the Meat Market of The Food market is driven by a growing trend towards plant-based diets and increasing concerns for animal welfare and the environment. This trend is further supported by the French government's initiatives to promote sustainable and ethical food choices. The country's strong cultural ties to vegetarianism and veganism also contribute to the popularity of meat substitutes. Additionally, France's strict regulatory framework for food safety and labeling has created a high level of trust in the quality and safety of meat substitute products, further propelling market growth.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market is heavily influenced by macroeconomic factors in France. The country's strong economic performance, coupled with favorable regulatory support and investment in sustainable food production, has led to a growing demand for meat alternatives. Additionally, the increasing consumer awareness of the environmental impact of meat consumption has driven the demand for plant-based protein sources. Furthermore, government initiatives promoting healthy eating habits and reducing meat consumption have also contributed to the growth of the Meat Substitutes Market in France.

Methodology

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.