The UK Vegetarian Taquitos Market is projected to propel at 7.7% CAGR during the forecast from 2023 to 2033. The market valuation of US$ 11.2 million has been recorded from the base year. The revenue will reach at a top of US$ 25.4 million by 2033 and accounted to hold 9.6% shares.
The demand for vegetarian taquitos is growing rapidly in Europe as restaurants and fast-food chains are introducing plant-based options to their menus. As vegetarianism and veganism become increasingly popular, fast-food chains are looking to capitalize on the trend. In recent years, McDonald’s, Burger King, Subway, and Starbucks have all added vegan and vegetarian options to their menus.
As the demand for vegetarian food increases, so too does the demand for vegetarian taquitos. The popularity of these snacks has grown significantly in Europe and various restaurants and fast-food chains now offer vegetarian taquitos as part of their menu.
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This trend is likely to continue as restaurants and fast-food chains look to capitalize on the increasing demand for plant-based options. This means that there is an expanding market for vegetarian taquitos in Europe, as restaurants, cafes and other food establishments strive to meet the needs of their customers
Fast-food chains like Taco Bell and Chipotle have begun to expand into Europe, offering meatless options such as vegetarian taquitos. Additionally, traditional European restaurants are adapting their menus to include vegetarian dishes, providing a wide selection of plant-based options.
Growing demand for vegetarian and vegan options at restaurants and fast food chains is also creating opportunities for manufacturers to promote their products. Companies are now able to target specific consumers who may be interested in purchasing vegetarian taquitos, rather than relying on broader marketing campaigns. Additionally, these partnerships allow manufacturers to create a sense of loyalty among customers who may be likely to return for vegetarian menu items in the future.
By targeting audience through partnerships and strategic marketing campaigns, companies can capitalize on the growing demand for vegetarian options while gaining exposure and building customer loyalty.
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Key Takeaways from the Vegetarian Taquitos Market
- The global vegetarian taquitos market is predicted to accelerate at 6.5% CAGR from 2023 to 2033.
- The revenue generated from vegetarian taquitos sales is valued at US$ 124 million by 2023.
- In 2033, the global vegetarian taquitos are poised to attain a total of US$ 217.9 million.
- Growing restaurants and fast food chain in Europe will spur the demand for vegetarian taquitos.
“Expansion of fast food establishment will provide an opportunity to the growth of vegetarian taquitos in Europe. Hence, key players are collaborating with fast food chains to expand their market presence.” Says an FMI Analyst.
Competition Landscape in the Vegetarian Taquitos Market
Manufacturers are increasingly recognizing the opportunities that exist in the vegetarian taquitos market in Europe. They are launching innovative products and strategies to capitalize on the growing demand for plant-based alternatives. One of the key strategies for manufacturers is to partner with restaurants and fast food chains to provide vegetarian taquitos to their customers.
Chiquito, Future Noodles, and Quorn Foods are key companies in Europe vegetarian taquitos market.
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Recent Developments:
- In January 2021, Chiquito, a network of Mexican restaurants with locations in the United Kingdom, introduced a plant-based menu for Veganuary that includes vegan versions of its well-known taquitos.
- In April 2021, Future Noodles, a line of plant-based quick noodles created by UK chef and restaurant Carl Clarke, is his new endeavour. The DTC brand aims to dispel myths about instant noodles by creating nutrient-dense quick meals with environmentally produced ingredients and plastic-free packaging.
Key Segments
Product Type:
- Veg Filling
- Non-veg Filling
Sales Channel:
- Convenience Store
- Supermarkets
- Hypermarkets
- Others
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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