Although the number of true vegetarians remains static at about 4% of the population, fuelling growth in the sector is the increasing number of people reducing their meat consumption.
Leatherhead Food International estimates that as much as 45% of the population may now fall into this meat-reducer category.
Furthermore, another important growth driver is the level of new product development and innovation, with companies offering a wider and wider range of products.
The key to future success in this category will be manufacturers' potential to continue to expand the consumer base for meat-free foods in retail and foodservice sectors.
It will be equally important to maintain existing consumers in the category through responding to their requirements, for example on consistent vegetarian labelling.
This particular issue is an area where the Food and Drink Federation's Vegetarian and Meat-Free Group has worked very closely with the Food Standards Agency and other stakeholder groups.
These groups produced an industry-wide code of practice covering vegetarian and vegan food labelling in June.