Food

Did you know that according to Euromonitor International, the plant-based market in Western Europe has doubled in size in the past decade alone, accounting for 38.5% of total global revenue? 

While the global plant-based food market is expected to grow at a rate of 8.94%, the protein sector itself is going to accelerate by 18%, reaching the $28 billion threshold by 2025. Launch after launch of vegan start-ups supports the statistics already: they are focused on meeting the growing demand for vegan beef, fish, cheese, milk, yoghurt, eggs, pastries, vitamins, and supplements, each a booming niche itself. Moreover, niche products have made their way into traditional retail chains, and established food producers are introducing vegan and vegetarian lines.

Interestingly, this is just the beginning. According to ProVeg International, rising investments in tech innovation ensure that the taste, texture, and mouthfeel of these products will only continue to improve with further ingredient and processing advancements. As the most recognized vegan and vegetarian label in the food segment, having a V-Label means you benefit from this unprecedented market growth. 

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News from Vegconomist on meat and fish alternatives

• Frosta Introduces Vegan Fish Fingers Following Success of Plant-Based Frozen Foods
• Shaka Harry, Backed by Famous Cricketer MS Dhoni, Launches Huge Range of Vegan Indian Food in Singapore
• How Famed Meat Manufacturer Rügenwalder Mühle Became the German Market Leader for Meat Alternatives
• Meat Giant Spinoff Predicts Resurgence of the Plant-Based Meat Sector
• Komo Partners with Natural Distributor Koyo Foods to Expand in Eastern Canada

News from Vegconomist on cheese alternatives

• Violife UK Launches Plant-Based Cream Cheese With Garlic & Herbs
• Cathedral City Launches Plant-Based Soft Cheese Following Huge Success of Cheddar
• Penguin Natural Foods Acquires Howl, Will Launch New Lineup of Plant-Based Mac and Cheeses
• Les Nouveaux Affineurs Presents La Bûche, a Gourmet Goat’s Cheese Likely to Ruffle Feathers in France
• Mommus Foods Inaugurates Facility to Supply Growing Demand for Vegan Cheese in Spain

News from Vegconomist on milk and dairy alternatives

• Sprouts Farmers Market: Plant-Based Food Sales Increased 21% in 2022
• Ipsos Survey: A Huge 73% of Chileans Would Consume Plant-Based Products
• Gavan’s “Pivotal Achievement” in Plant-Based Fat Could See Vegan Brioche Go Mainstream
• Sentient Ventures Invests £2M In Female-Founded Companies Disrupting the Food System
• Korea’s CellMEAT Raises $13M After Developing Cultivated Shrimp & Caviar