Europe Plant-Based Food Ingredients Market by Source (USD Million)

Year SOY PEA OATS COCONUT SEEDS & NUTS HERBS & SPICES FRUITS & VEGETABLES OTHERS
2016 $ 627.8 $ 427.1 $ 255.4 $ 77.7 $ 633.4 $ 208.4 $ 511.2 $ 539.9
2017 $ 679.3 $ 465.3 $ 277.6 $ 84.5 $ 689.0 $ 225.2 $ 555.8 $ 581.9
2018 $ 735.8 $ 507.4 $ 301.9 $ 92.0 $ 750.3 $ 243.7 $ 605.0 $ 627.6
2019 $ 798.6 $ 555.0 $ 329.6 $ 100.5 $ 818.9 $ 264.2 $ 660.4 $ 678.6
2020 $ 856.3 $ 599.8 $ 355.4 $ 108.4 $ 883.2 $ 283.0 $ 712.2 $ 724.5
2021 $ 930.4 $ 656.9 $ 388.3 $ 118.5 $ 965.1 $ 307.3 $ 778.1 $ 783.9
2022 $ 1012.1 $ 720.2 $ 424.7 $ 129.7 $ 1055.8 $ 333.9 $ 851.0 $ 849.1
2023 $ 1102.8 $ 790.8 $ 465.4 $ 142.2 $ 1157.0 $ 363.5 $ 932.4 $ 921.1
2024 $ 1203.6 $ 870.0 $ 510.8 $ 156.2 $ 1270.1 $ 396.4 $ 1023.4 $ 1000.8
2025 $ 1317.6 $ 959.2 $ 561.9 $ 172.0 $ 1398.0 $ 433.5 $ 1126.3 $ 1090.9
2026 $ 1445.0 $ 1059.9 $ 619.6 $ 189.8 $ 1541.8 $ 474.9 $ 1241.9 $ 1191.0
2027 $ 1586.3 $ 1172.5 $ 683.9 $ 209.6 $ 1702.3 $ 520.8 $ 1370.8 $ 1301.6
2028 $ 1745.3 $ 1299.8 $ 756.5 $ 232.0 $ 1883.5 $ 572.4 $ 1516.5 $ 1425.6
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Europe Plant-Based Food Ingredients Market by Source (USD Million)

Synopsis
The above chart is Europe Plant-Based Food Ingredients Market by Source (USD Million)

Market Dynamics

the europe plant-based food ingredients market is witnessing a surge in demand due to a growing consumer preference towards plant-based diets. people are becoming increasingly aware of the impact of their food choices on their health and the environment, leading to a shift towards plant-based alternatives. as a result, the food industry is responding to this demand by incorporating more plant-based ingredients in their products. one of the major sources of plant-based food ingredients in europe is soy. soy has been a staple in asian countries for centuries, but it is gaining popularity in the west due to its high protein content and versatility in use. soybeans can be processed into various products, such as tofu, tempeh, and soy milk, providing consumers with plant-based alternatives to meat, dairy, and even eggs. this not only caters to the growing demand for plant-based options but also addresses the health concerns related to animal-based products. another significant source of plant-based food ingredients is grains, including wheat, oats, and rice. these grains are rich in fiber, minerals, and vitamins, and are not only healthy but easily accessible and affordable. in recent years, there has been an increase in the availability of plant-based meat alternatives made from grains, such as pea protein and quinoa, which mimic the texture and taste of meat, making it easier for people to adopt a plant-based diet. nuts and seeds are also a key source of plant-based ingredients in europe. almonds, cashews, and walnuts are high in protein and healthy fats, making them popular choices for plant-based milk, spreads, and meat alternatives. seeds, such as chia and flax, are also becoming more prevalent due to their high nutritional value and versatility in recipes. fruits and vegetables play a crucial role in plant-based food ingredients, providing a variety of flavors, textures, and nutrients. apart from being used in their whole form, they are also processed into juices, purees, and powders, making them easier to incorporate into different food products. sustainability is another factor driving the demand for plant-based food ingredients. consumers are increasingly conscious of the environmental impact of their food choices, and plant-based ingredients require less land, water, and other resources compared to animal-based ingredients. in conclusion, the demand for plant-based food ingredients in europe is driven by a combination of health, environmental, and ethical factors. with advancements in technology and increased availability of plant-based options, it is expected to continue to grow in the coming years, shaping the future of the food industry in europe.

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