The revenue in the 'Meat Substitutes' segment of the food market in Nordics was forecast to continuously increase between 2024 and 2029 by in total 142.6 million U.S. dollars (+54.53 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 404.11 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Meat Substitutes' segment of the food market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The Meat Substitutes market covers all types of meat-like products that approximate certain aesthetic qualities (primarily texture, flavor, and appearance) or chemical characteristics of a specific meat. The Meat Substitutes market includes plant-based meat and vegetarian meat. Plant-based meat includes meat made from plants, such as soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a variety of nuts. Vegetarian meat contains non-vegan ingredients, such as egg and dairy. Examples of meat substitutes included in this segment are plant-based and vegetarian meat in the form of nuggets, minced meat, burger patties, sausages, and the like.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (September 27, 2024). Revenue of the meat substitutes industry in the Nordics from 2019 to 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 07, 2024, from https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue
Statista. "Revenue of the meat substitutes industry in the Nordics from 2019 to 2029 (in million U.S. dollars)." Chart. September 27, 2024. Statista. Accessed November 07, 2024. https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue
Statista. (2024). Revenue of the meat substitutes industry in the Nordics from 2019 to 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 07, 2024. https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue
Statista. "Revenue of The Meat Substitutes Industry in The Nordics from 2019 to 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue
Statista, Revenue of the meat substitutes industry in the Nordics from 2019 to 2029 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue (last visited November 07, 2024)
Revenue of the meat substitutes industry in the Nordics from 2019 to 2029 (in million U.S. dollars) [Graph], Statista, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1370747/meat-substitute-nordics-revenue