UK Plant-Based Food & Beverages by Source (USD Million)

Year SOY WHEAT PEA COCONUT ALMOND CASHEW OTHERS
2019 $ 224.6 $ 127.8 $ 144.6 $ 27.8 $ 37.9 $ 6.3 $ 448.4
2020 $ 245.4 $ 140.3 $ 158.6 $ 30.5 $ 41.5 $ 6.9 $ 490.1
2021 $ 269.9 $ 154.9 $ 175.3 $ 33.7 $ 45.8 $ 7.6 $ 539.6
2022 $ 297.5 $ 171.6 $ 194.5 $ 37.4 $ 50.6 $ 8.4 $ 595.5
2023 $ 328.9 $ 190.5 $ 216.2 $ 41.6 $ 56.0 $ 9.3 $ 658.6
2024 $ 364.3 $ 212.0 $ 240.9 $ 46.3 $ 62.2 $ 10.4 $ 730.1
2025 $ 404.6 $ 236.5 $ 269.1 $ 51.6 $ 69.3 $ 11.5 $ 811.3
2026 $ 450.5 $ 264.5 $ 301.4 $ 57.8 $ 77.3 $ 12.9 $ 903.8
2027 $ 502.6 $ 296.4 $ 338.3 $ 64.8 $ 86.5 $ 14.4 $ 1009.2
2028 $ 562.0 $ 332.9 $ 380.2 $ 72.9 $ 96.9 $ 16.2 $ 1129.5
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UK Plant-Based Food & Beverages by Source (USD Million)

Synopsis
The above chart is UK Plant-Based Food & Beverages by Source (USD Million)

Market Dynamics

the demand for uk plant-based food and beverages has seen a significant increase in recent years, with more consumers seeking out these products for various reasons. this rise in demand can be attributed to a variety of factors, including health concerns, environmental awareness, and ethical considerations. one of the main driving forces behind the demand for plant-based food and beverages in the uk is the growing number of people adopting vegetarian or vegan diets. according to a survey conducted by the vegan society, the number of vegans in the uk has quadrupled in the last four years, with over 600,000 people now following a vegan lifestyle. this shift towards plant-based diets is driven by concerns about animal welfare, environmental sustainability, and personal health. in addition to the increase in the number of vegans, there has also been a rise in the number of flexitarians – people who primarily follow a plant-based diet but occasionally consume meat and dairy products. according to a report by mintel, 35% of uk consumers have reduced their meat intake in the past year, with 11% identifying as flexitarians. this change in consumer behavior has led to a higher demand for plant-based alternatives to traditional animal-based products. another reason for the growing demand for plant-based food and beverages in the uk is a growing awareness of the environmental impact of animal agriculture. the production of meat and dairy products is a major contributor to carbon emissions, deforestation, and water pollution. as consumers become more aware of these issues, they are actively seeking out plant-based alternatives as a more sustainable option. the uk government's pledge to achieve net-zero carbon emissions by 2050 has also played a role in driving the demand for plant-based products. the government's focus on reducing carbon emissions has led to an increase in awareness and adoption of sustainable food choices, including plant-based diets. additionally, the rise in demand for plant-based food and beverages can also be attributed to the increasing availability and variety of these products in the market. many food retailers and restaurants now offer a wide range of plant-based options, making it easier for consumers to incorporate these products into their diet. overall, the demand for plant-based food and beverages in the uk is driven by a combination of factors, including changing dietary preferences, environmental concerns, and increased availability of these products. as more consumers prioritize health, sustainability, and ethical considerations, the demand for plant-based options is expected to continue to grow in the uk.

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