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Nearly One-Quarter of Global Consumers Are Trying to Limit Their Meat Consumption

September 22, 2021 GMT

TOKYO--(BUSINESS WIRE)--Sep 21, 2021--

The plant-based food market grew by 9% in 2019-2020, surpassing USD40 billion globally, according to global market research company Euromonitor International.

According to Euromonitor’s Voice of the Consumer: Health and Nutrition Survey 2021, 23% of global consumers are trying to limit their meat intake, and having a healthier lifestyle is the main reason for consumers following vegan, vegetarian and flexitarian diets.

“The COVID-19 pandemic made consumers more aware of the impact their individual actions have on society,” says Nozomi Hariya, senior analyst at Euromonitor International. “An example of this are flexitarians, who reduce their consumption of animal products, and driving growth of plant-based alternatives.”

While 57% of global consumers believe their choices and actions could make a difference in the world, only 25% of respondents in Japan believe in this statement, ranking the lowest among the 40 surveyed countries globally, according to Euromonitor’s Voice of the Consumer: Lifestyles Survey 2021.

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Although overall Japanese consumers’ awareness towards sustainability is still low, digital natives like millennials and Gen Z are growing more aware of global environmental and social issues compared to other generations. Also, with the integration of sustainability education into school curriculums in Japan, the Generation Alpha is expected to become even more sensitive to those issues, thus investing in sustainability will be essential for companies in the medium to long term.

“Added-value benefits beyond sustainability, such as health benefits or affordability, is critical to attract consumers,” adds Hariya, before concluding, “The use of technology and work in partnership across industries and countries will also be key to promote sustainability.”

Sustainable sourcing, de-plasticisation and food waste are three trends shaping sustainability. Watch Euromonitor’s free on-demand webinar, ”Key Trends Shaping Sustainable Market: Analysing from Data and Case Studies” (content available in Japanese only) for more insights on how companies and brands around the world are responding to sustainability issues and needs.

About Euromonitor International

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Euromonitor International is the world’s leading provider for global business intelligence, market analysis and consumer insights. From local to global and tactical to strategic, our research solutions support decisions on how, where and when to grow your business. Find the right report, database or custom solution to validate priorities, redirect assumptions and uncover new opportunities. With offices around the world, analysts in over 100 countries, the latest data science techniques and market research on every key trend and driver, we help you make sense of global markets.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210921005023/en/

CONTACT: Lisa Kanemori

Senior Communications Executive - Euromonitor International

Tel: +81-3-3436-2100

lisa.kanemori@euromonitor.com

KEYWORD: JAPAN ASIA PACIFIC

INDUSTRY KEYWORD: FOOD/BEVERAGE AGRICULTURE NATURAL RESOURCES ENVIRONMENT RETAIL

SOURCE: Euromonitor International

Copyright Business Wire 2021.

PUB: 09/21/2021 09:01 PM/DISC: 09/21/2021 09:02 PM

http://www.businesswire.com/news/home/20210921005023/en