PROSPECTS AND OPPORTUNITIES
Processed poultry, seafood and meat substitutes to drive future volume growth
Although foodservice sales of processed meat are expected to continue growing over the forecast period, they are anticipated to remain significantly below pre-pandemic levels. This reflects the long-term impact of the cost-of-living crisis and the normalisation of a more flexitarian diet, where consumers opt for fewer meat-based meals.
Premiumisation and focus on provenance can boost meat sales
To compete with meat and seafood substitutes, manufacturers of processed red meat should focus on inspiring consumers with recipe ideas, as younger generations are less familiar with cooking lamb and pork than beef and poultry. In addition, there is an opportunity for premium meat cuts, such as Wagyu beef, as local consumers are willing to elevate some of their at-home occasions while reducing the frequency of meat consumption.
Sustainability claims to expand as environmental concerns increase
According to Euromonitor International’s Voice of the Consumer: Health and Nutrition Survey (fielded January to February 2023), 40.4% of UK respondents who are flexitarians follow this diet for environmental concerns.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Processed Meat, Seafood and Alternatives to Meat in United Kingdom report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Meat, Seafood and Alternatives to Meat in United Kingdom?
- Which are the leading brands in Processed Meat, Seafood and Alternatives to Meat in United Kingdom?
- How are products distributed in Processed Meat, Seafood and Alternatives to Meat in United Kingdom?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Meat, Seafood and Alternatives to Meat?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in United Kingdom?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Meat, Seafood and Alternatives To Meat in the United Kingdom - Category analysis
KEY DATA FINDINGS
A return to retail volume growth following years impacted by severe inflation
Sales of meat and seafood substitutes supressed by higher cost of living
Expansion of meal occasions with convenient formats and flavour innovation
Processed poultry, seafood and meat substitutes to drive future volume growth
Premiumisation and focus on provenance can boost meat sales
Sustainability claims to expand as environmental concerns increase
Staple Foods in the United Kingdom - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Meat, Seafood and Alternatives to Meat
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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