Europe Plant-Based Ham Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Slices and Strips, Rolls, and Roasts) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The Europe plant-based ham market is expected to grow from US$ 215.62 million in 2022 to US$ 419.66 million by 2028. It is estimated to grow at a CAGR of 11.7% from 2022 to 2028.
Surging Demand in Developed Economies is Driving the Europe Plant-Based Ham Market is Expected to Provide Lucrative Growth Opportunities
Plant-based ham is gaining huge traction across several countries as consumers in the region are reducing their meat, pork, and beef consumption in an attempt to lead a sustainable and healthy life. According to Finder.com Comparison UK Limited, as of 2022, 14% of adults in the UK (7.2 million) are following a meat-free diet. This means the UK could have 16 million meat-free citizens at the beginning of 2023. Many companies are expanding their product portfolio in developed markets to address the demand. Moreover, consumers in developed countries pay more attention to product labels and ingredients used in processed food products. Plant-based, and organic products are gaining popularity owing to their perceived health benefits. Organic plant-based ham is free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs). These benefits add to the popularity of organic plant-based ham among consumers who are ready to pay high prices. Moreover, consumers increasingly prefer clean-label plant-based products that are free of synthetic flavors, colors, and other food additives. They focus on holistic and conscious consumption and prefer products with ethically sourced ingredients. Thus, the increasing demand for clean-label and organic plant-based food products is expected to provide lucrative growth opportunities to the Europe plant-based ham market over the forecast period.
Europe Plant-Based Ham Market Overview
The Europe plant-based ham products market is further segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Europe has emerged as a significant market for ham slices and strips, rolls, and roasts. According to the “The Smart Protein Project report,” the sales value of plant-based food in Germany grew by 97% from 2018 to 2020, while the sales volume increased by 80%. Moreover, consumers are highly inclined toward plant-based products owing to the rising awareness regarding animal welfare. The shift in preference from animal-based diet to plant-based diet has led to the consumers in the UK seeking proteins sourced from plants. The popularity of these products is evident through trends in retail chains, and hotel and resort industries in the UK. Quorn Foods and Tofurky Co., Inc., among others, are promoting plant-based ham products to consumers in the UK, thereby addressing their health, taste, and ethical concerns associated with traditional pork products. Further, with plant-based food gaining significant traction, manufacturers are switching to plant-based food/meat category. For instance, Avril, a French agri-food group, in September 2021, initiated a discussion with Bigard, a meat manufacturing group, to sell its majority stakes in pork processing companies Abera and Porcgros. With this, Avril is seeking to exit from the meat industry and concentrate on its vital plant-based business. Such initiatives by key players would bolster the plant-based ham market growth in Europe over the coming years.
Europe Plant-Based Ham Market Revenue and Forecast to 2028 (US$ Million)
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Europe Plant-Based Ham Market Segmentation
The Europe plant-based ham market is segmented into product type, distribution channel, and country.
Based on product type, the Europe plant-based ham market is segmented into slices and strips, rolls, and roasts. In 2022, the slices and strips segment registered a largest share in the Europe plant-based ham market.
Based on distribution channel, the Europe plant-based ham market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. In 2022, the supermarkets and hypermarkets segment registered a largest share in the Europe plant-based ham market.
Based on country, the Europe plant-based ham market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered a largest share in the Europe plant-based ham market.
Hain Celestial Canada ULC; Meliora Foods Pty Ltd; Nestle SA; Quorn Foods Ltd; and VBites Foods Ltd are the leading companies operating in the Europe plant-based ham market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Plant-Based Ham Market, by Product Type
1.3.2 Europe Plant-Based Ham Market, by Distribution Channel
1.3.3 Europe Plant-Based Ham Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Plant-Based Ham Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Major Raw Material
4.3.2 Manufacturing/Processing
4.3.3 Packaging
4.4 Expert Opinions
5. Europe Plant-Based Ham Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Environmental Impact of Livestock Industry and Acceptance of Sustainable Food Habits
5.1.2 Switch to Vegetarianism and Veganism
5.2 Market Restraints
5.2.1 Limited Availability in Emerging Economies
5.3 Market Opportunities
5.3.1 Surging Demand in Developed Economies
5.4 Future Trends
5.4.1 Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. Plant-Based Ham– Europe Market Analysis
6.1 Europe Plant-Based Ham Market Overview
6.2 Europe Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Plant-Based Ham Market Analysis – By Product Type
7.1 Overview
7.2 Europe Plant-Based Ham Market, By Product Type (2021 and 2028)
7.3 Slices and Strips
7.3.1 Overview
7.3.2 Slices and Strips: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Rolls
7.4.1 Overview
7.4.2 Rolls: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Roasts
7.5.1 Overview
7.5.2 Roasts: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
8. Europe Plant-Based Ham Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe Plant-Based Ham Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
9. Europe Plant-Based Ham Market – Country Analysis
9.1 Overview
9.1.1 Europe: Plant-Based Ham Market, by Key Country
9.1.1.1 Germany: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Plant-Based Ham Market, By Product Type
9.1.1.1.2 Germany: Plant-Based Ham Market, by Distribution Channel
9.1.1.2 France: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Plant-Based Ham Market, By Product Type
9.1.1.2.2 France: Plant-Based Ham Market, by Distribution Channel
9.1.1.3 Italy: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Plant-Based Ham Market, By Product Type
9.1.1.3.2 Italy: Plant-Based Ham Market, by Distribution Channel
9.1.1.4 UK: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Plant-Based Ham Market, By Product Type
9.1.1.4.2 UK: Plant-Based Ham Market, by Distribution Channel
9.1.1.5 Russia: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Plant-Based Ham Market, By Product Type
9.1.1.5.2 Russia: Plant-Based Ham Market, by Distribution Channel
9.1.1.6 Rest of Europe: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Plant-Based Ham Market, By Product Type
9.1.1.6.2 Rest of Europe: Plant-Based Ham Market, by Distribution Channel
10. Industry Landscape
10.1 Product launch
10.2 Collaboration
10.3 Partnership
11. Company Profiles
11.1 Hain Celestial Canada ULC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 VBites Foods Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestle SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Quorn Foods Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Meliora Foods Pty Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Plant-Based Ham Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Plant-Based Ham Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Plant-Based Ham Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Europe Plant-Based Ham Market
LIST OF FIGURES
Figure 1. Europe Plant-Based Ham Market Segmentation
Figure 2. Europe Plant-Based Ham Market Segmentation – By Country
Figure 3. Europe Plant-Based Ham Market Overview
Figure 4. Europe Plant-Based Ham Market, By Product Type
Figure 5. Europe Plant-Based Ham Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Europe Plant Based Ham Market
Figure 8. Expert Opinions
Figure 9. Europe Plant-Based Ham Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Plant-Based Ham Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Slices and Strips: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Rolls: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Roasts: Europe Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Europe Plant-Based Ham Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 16. Supermarkets and Hypermarkets: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Convenience Stores: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 18. Online Retail: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Others: Europe Plant-Based Ham Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Europe: Plant-Based Ham Market, by Key Country - Revenue (2021) (US$ Million)
Figure 21. Europe: Plant-Based Ham Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. Germany: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. France: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Plant-Based Ham Market – Revenue and Forecast to 2028 (US$ Million)
- Hain Celestial Canada ULC
- Meliora Foods Pty Ltd
- Nestle SA
- Quorn Foods Ltd
- VBites Foods Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe plant-based ham market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe plant-based ham market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the plant-based ham market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution