Department for Business and Trade written question – answered on 1st March 2023.
Kerry McCarthy
Shadow Minister (Climate Change and Net Zero)
To ask the Secretary of State for Business and Trade, what estimate he has made of the value of the plant-based food market to the UK; and whether his Department has made an estimate of the potential for future growth of that market.
Kevin Hollinrake
Parliamentary Under Secretary of State (Department for Business and Trade)
The UK Government has not made an appraisal of this sector. Market intelligence agency, Euromonitor, estimates that the UK market for meat and seafood substitutes (which covers the plant-based food market) was worth around £667m in 2022. Euromonitor forecasts that the UK market for meat and seafood substitutes will grow by approximately 13% by the end of 2023.
Yes1 person thinks so
No0 people think not
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