Europe Animal-Based Food and Beverage Market Size (2024 - 2029)

Europe Animal-Based Food and Beverage Market Analysis

Europe animal-based food and beverage market is projected to grow at a CAGR of 3.93% during the forecast period (2022-2027).

The animal-based food and beverage industry of Europe has faced several challenges due to COVID-19, which include price changes, supply chain disruption, safety, and other unanticipated impacts. Since Covid-19, health consciousness has been increasingly growing among the population of the region. In addition, the consumer behaviour towards animal-based food and beverages has been extensively changed in the Europe. For instance, in recent years, the volume of bacon exported from Denmark to European Union decreased overall. As of 2019, it amounted to roughly 47 thousand metric tons. In 2021, the export volume from the country to the European Union reached approximately 45 thousand metric tons in total, of which around 43 thousand metric tons of bacon were for the export trade to the United Kingdom.

Over the medium term, the growing need for convenience food supported by factors, such as busy lifestyles, changing consumer preferences, and growing demand for ready-to-eat food products (like processed meat and dairy snacks), are expected to drive the demand for the market studied.

Furthermore, innovations in meat processing technologies have led to the introduction of diverse products in the market, thus, ensuring a bigger consumer base. Cheese and pig meats are the preferred animal-based protein sources in the European Union, followed by poultry, milk, and bovine.

Europe Animal-Based Food and Beverage Industry Segmentation

Animal-based foods include many food items that come from an animal source such as fish, poultry, bovine, swine, among others. The market has been segmented by product type, distribution channel, and geography. By product type, the market studied is segmented into processed meat, dairy beverages, ice cream, cheese, yogurt, and food spreads. Processed meat segment is sub-segmented into bacon, burgers and grills, meat balls, sausages, and other processed meats. Dairy beverages segment is sub-segmented into flavored and unflavored. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. By country, the market studied is segmented into the United Kingdom, Germany, France, Belgium, Italy, Spain, the Netherlands, Switzerland, Sweden, Denmark, Norway, Finland, Portugal, and Rest of Europe. The report offers market size and forecasts in value (USD million) for the above segments.