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UK meat alternative market

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The UK market is set for incredible growth

In 2019, the UK meat alternative market was valued at $489.2 million and is expected to hit $726.8 million in 2025, growing at an estimated CAGR of 6.8% between 2020 – 2025. In terms of revenue, this accounts for nearly 30% of the total European meat alternative market. In 2018, the UK claimed the top spot, globally, for the number of vegan new product development launches. In figures, this meant 16% of all new food products launched were vegan, doubling from 8% in 2015.

UK meat substitute market estimates and forecasts, 2014 - 2025 (USD Million)

UK meat substitute market estimates and forecasts, 2014 - 2025 (USD Million)

Which categories are growing the fastest?

In 2019, seitan accounted for approximately 4% of the UK meat alternative market, but the category is growing at the fastest rate. This is with an estimated CAGR of 9.9% between 2020 – 2025. Valued at approximately $20 million in 2019, this is expected to reach $34.6 million in 2025. Several exciting product launches in recent years have brought this traditional Chinese ingredient to mainstream UK markets. In May 2018, restaurant chain Wagamama launched a seitan version of their bestselling katsu curry – “the vegatsu”, which has gone on to become a firm favorite for their loyal customers.

Vegan seitan curry

Next in terms of estimated CAGR is the mycoprotein category. Quorn products are a well-established and popular category for many consumers due to being low in fat and high in protein. In October 2019, two new Quorn Ltd products were launched to market; the spicy tortilla escalopes and crunchy tex-mex nuggets. These completely vegan products make the vegan switch easy, convenient and delicious!

Vegan meat - Quorn

Just behind Quorn in terms of CAGR is the ‘other soy products’ category. This includes foods such as soy sauce and tamari, which typically replace meat stock in various dishes. This segment has less potential innovation compared to other categories but is considered a cupboard staple for many types of UK consumers. For this reason, despite a lower market share, this category will always have a secure place in the overall market.

The tofu and tofu ingredients category are next in terms of market growth. Tofu, in its many varieties, has been enjoyed as part of a vegan diet for decades. Classic tofu products, such as the Tofoo ‘naked’ variety are simple, healthy and delicious, and have been hitting the mark for years. But recently, product innovation in this area has really taken off. In June 2019, Tofoo launched their Southern Fried Bites; the crunchy, crispy coating makes them an exciting addition to this thriving category. 

Vegan tofu - Tofoo Vegan crispy tofu - Tofoo

Next in terms of growth rate is the TVP category. This segment has dominated the UK market in recent years, and in 2019 was valued at nearly $217 million – nearly 44% of the total market. With an estimated CAGR of 6.5% between 2020 – 2025, this category is expected to reach $317.6 million by 2025. The market for TVP is large because it’s a versatile ingredient, able to be shaped into a variety of familiar products. As an example, Fry’s are renowned for delicious vegan food which are direct swaps for meat. Their Chicken Style Nuggets are a convenient, and tasty choice for many!

Vegan chicken nuggets - fry's food

Tempeh holds approximately 2% of the UK meat alternative market, the category was valued at $8.8 million in 2019. Whilst popular in Indonesia, the UK market has yet to reach full potential for this nutritious, diverse product. In fact, it was only in March 2019 that Sainsbury's became the first UK supermarket to start stocking the product with the launch of Plant Powered Foods Original Tempeh. Many consumers want more novelty from foods and perhaps tempeh could fill this demand.

Vegan meat - plat power tempeh

Finally, we have the others category, which consists of vegan products that are not direct meat substitutes, but typically used in vegan cooking to add similar tastes and textures. These products can be a fantastic option for those with food allergies, such as soy and wheat, but it is important to always check the labels. Despite a low estimated CAGR, there are exciting developments happening within the category. Both the Clearspring’s Organic Young Jackfruit Chunks and the Lazy Vegan’s Chunky Pulled Peaz make delicious alternatives to pulled pork. These interesting additions to the market are sure to attract the attention of curious consumers!  

Data from Grand View Research, Inc. Figures correct as of September 2019. For 2020 figures please see the 'Plant-based foods in Europe' report.

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