KEY FINDINGS
The global plant-based food & beverage market is predicted to record a CAGR of 10.79% during the forecast period, 2023-2032. The market growth is attributed to the rising food safety & animal welfare concerns, trending health & sustainability lifestyle choices, favorable initiatives by associations and government, and increasing adoption of vegan and vegetarian diets.
MARKET INSIGHTS
A healthy lifestyle is a fast-growing trend. This is because the increasing incidences of cardiovascular diseases, diabetes, and obesity are majorly attributed to unhealthy lifestyles. This has further encouraged habits like switching to plant-based diets, given their health claims. Also, consumers are evaluating the impact of their choices, both lifestyle and dietary, on the planet.
Such aspects, alongside animal protection, environment preservation, shifting taste preferences, and human health concerns, have led to an increased number of people switching to plant-based diets. Besides, veganism has become mainstream and is associated with health benefits like lower obesity & diabetes rates and enhanced heart health. As a result, the growing adoption of vegetarian and vegan diets propels the global plant-based food & beverage market growth. However, market growth is hindered by the high prices of the products.
REGIONAL INSIGHTS
The global plant-based food & beverage market’s geographical evaluation includes the growth assessment of North America, Europe, Asia-Pacific, and Rest of World. Europe is the largest revenue-generating region in the global plant-based food & beverage market, with increasing technological upgradations and a rising preference for organic and healthy diets.
COMPETITIVE INSIGHTS
The market rivalry is evaluated to be high, with established players targeting their competitors with regard to price and quality. Some of the leading firms in the global plant-based food & beverage market are ADM, Blue Diamond Growers, General Mills Inc, Nestle SA, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Plant-based Food & Beverage Market
- 2.5. Major Market Findings
- 2.5.1. Emergence Of Hemp Milk As A Substitute For Dairy-based Milk
- 2.5.2. Fast Food Becomes Plant-based In Europe And North America
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Adoption Of Vegan And Vegetarian Diets
- 3.1.2. Favorable Initiatives By Governments And Associations
- 3.1.3. Trending Health And Sustainability Lifestyle Choices
- 3.1.4. Surging Food Safety And Animal Welfare Concerns
- 3.2. Key Restraints
- 3.2.1. Challenges Associated With Sensory Properties & Allergic Reactions Of Certain Plant Proteins
- 3.2.2. Exorbitant Costs Of Plant-based Products
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.3.1. Growth Prospect Mapping For United States
- 4.3.2. Growth Prospect Mapping For United Kingdom
- 4.3.3. Growth Prospect Mapping For South Korea
- 4.3.4. Growth Prospect Mapping For Brazil
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 4.6. Value Chain Analysis
- 4.6.1. Raw Material Suppliers
- 4.6.2. Food Manufacturers
- 4.6.3. Distributors
- 4.6.4. End-users
- 5. Market By Product Type
- 5.1. Plant-based Dairy Derivatives
- 5.1.1. Plant-based Ice Cream & Frozen Desserts
- 5.1.2. Plant-based Cheese
- 5.1.3. Plant-based Yogurt
- 5.1.4. Plant-based Creamer
- 5.1.5. Plant-based Dairy Spreads & Dips
- 5.2. Plant-based Meat Substitutes
- 5.2.1. Textured Vegetable Protein
- 5.2.2. Tofu
- 5.2.3. Tempeh
- 5.2.4. Mycoprotein, Seitan, And Other Meat Substitutes
- 5.3. Plant-based Nutrition/Snack Bars
- 5.4. Plant-based Bakery Products
- 5.5. Plant-based Beverages
- 5.5.1. Plant-based Milk
- 5.5.1.1. Soy Milk
- 5.5.1.2. Almond Milk
- 5.5.1.3. Other Plant-based Milk
- 5.5.2. Packaged Smoothies
- 5.5.3. Coffee
- 5.5.4. Tea
- 5.5.5. Other Plant-based Beverages
- 5.6. Other Product Types
- 6. Market By Source
- 6.1. Soy
- 6.2. Wheat
- 6.3. Pea
- 6.4. Coconut
- 6.5. Almond
- 6.6. Cashew
- 6.7. Other Sources
- 7. Market By Storage
- 7.1. Frozen
- 7.2. Refrigerated
- 7.3. Shelf-stable
- 8. Market By Distribution Channel
- 8.1. Store-based Distribution Channel
- 8.1.1. Supermarkets/Hypermarkets
- 8.1.2. Convenience Stores
- 8.1.3. Specialty Stores
- 8.1.4. Other Store-based Distribution Channels
- 8.2. Non-store-based Distribution Channel
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. North America Plant-based Food & Beverage Market Drivers
- 9.1.3. North America Plant-based Food & Beverage Market Challenges
- 9.1.4. North America Plant-based Food & Beverage Market Regulatory Framework
- 9.1.5. Key Players In North America Plant-based Food & Beverage Market
- 9.1.6. Country Analysis
- 9.1.6.1. United States
- 9.1.6.1.1. United States Plant-based Food & Beverage Market Size & Opportunities
- 9.1.6.2. Canada
- 9.1.6.2.1. Canada Plant-based Food & Beverage Market Size & Opportunities
- 9.2. Europe
- 9.2.1. Market Size & Estimates
- 9.2.2. Europe Plant-based Food & Beverage Market Drivers
- 9.2.3. Europe Plant-based Food & Beverage Market Challenges
- 9.2.4. Europe Plant-based Food & Beverage Market Regulatory Framework
- 9.2.5. Key Players In Europe Plant-based Food & Beverage Market
- 9.2.6. Country Analysis
- 9.2.6.1. United Kingdom
- 9.2.6.1.1. United Kingdom Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.2. Germany
- 9.2.6.2.1. Germany Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.3. France
- 9.2.6.3.1. France Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.4. Italy
- 9.2.6.4.1. Italy Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.5. Spain
- 9.2.6.5.1. Spain Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.6. Nordic Countries
- 9.2.6.6.1. Nordic Countries Plant-based Food & Beverage Market Size & Opportunities
- 9.2.6.7. Rest Of Europe
- 9.2.6.7.1. Rest Of Europe Plant-based Food & Beverage Market Size & Opportunities
- 9.3. Asia-pacific
- 9.3.1. Market Size & Estimates
- 9.3.2. Asia-pacific Plant-based Food & Beverage Market Drivers
- 9.3.3. Asia-pacific Plant-based Food & Beverage Market Challenges
- 9.3.4. Asia-pacific Plant-based Food & Beverage Market Regulatory Framework
- 9.3.5. Key Players In Asia-pacific Plant-based Food & Beverage Market
- 9.3.6. Country Analysis
- 9.3.6.1. China
- 9.3.6.1.1. China Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.2. Japan
- 9.3.6.2.1. Japan Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.3. India
- 9.3.6.3.1. India Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.4. South Korea
- 9.3.6.4.1. South Korea Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.5. Malaysia
- 9.3.6.5.1. Malaysia Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.6. Thailand
- 9.3.6.6.1. Thailand Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.7. Vietnam
- 9.3.6.7.1. Vietnam Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.8. Australia & New Zealand
- 9.3.6.8.1. Australia & New Zealand Plant-based Food & Beverage Market Size & Opportunities
- 9.3.6.9. Rest Of Asia-pacific
- 9.3.6.9.1. Rest Of Asia-pacific Plant-based Food & Beverage Market Size & Opportunities
- 9.4. Rest Of World
- 9.4.1. Market Size & Estimates
- 9.4.2. Rest Of World Plant-based Food & Beverage Market Drivers
- 9.4.3. Rest Of World Plant-based Food & Beverage Market Challenges
- 9.4.4. Rest Of World Plant-based Food & Beverage Market Regulatory Framework
- 9.4.5. Key Players In Rest Of World Plant-based Food & Beverage Market
- 9.4.6. Regional Analysis
- 9.4.6.1. Latin America
- 9.4.6.1.1. Latin America Plant-based Food & Beverage Market Size & Opportunities
- 9.4.6.2. Middle East & Africa
- 9.4.6.2.1. Middle East & Africa Plant-based Food & Beverage Market Size & Opportunities
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Acquisitions
- 10.1.2. Product Launches
- 10.1.3. Partnerships & Agreements
- 10.1.4. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Adm
- 10.2.1.1. Company Overview
- 10.2.1.2. Product List
- 10.2.1.3. Strengths & Challenges
- 10.2.2. Amy’s Kitchen Inc
- 10.2.2.1. Company Overview
- 10.2.2.2. Product List
- 10.2.3. Beyond Meat Inc
- 10.2.3.1. Company Overview
- 10.2.3.2. Product List
- 10.2.4. Blue Diamond Growers
- 10.2.4.1. Company Overview
- 10.2.4.2. Product List
- 10.2.4.3. Strengths & Challenges
- 10.2.5. Campbell Soup Company
- 10.2.5.1. Company Overview
- 10.2.5.2. Product List
- 10.2.6. Conagra Brands
- 10.2.6.1. Company Overview
- 10.2.6.2. Product List
- 10.2.6.3. Strengths & Challenges
- 10.2.7. Daiya Foods Inc
- 10.2.7.1. Company Overview
- 10.2.7.2. Product List
- 10.2.8. Danone Sa
- 10.2.8.1. Company Overview
- 10.2.8.2. Product List
- 10.2.8.3. Strengths & Challenges
- 10.2.9. General Mills Inc
- 10.2.9.1. Company Overview
- 10.2.9.2. Product List
- 10.2.9.3. Strengths & Challenges
- 10.2.10. Impossible Foods Inc
- 10.2.10.1. Company Overview
- 10.2.10.2. Product List
- 10.2.10.3. Strengths & Challenges
- 10.2.11. Kevita Inc
- 10.2.11.1. Company Overview
- 10.2.11.2. Product List
- 10.2.12. Living Harvest Tempt
- 10.2.12.1. Company Overview
- 10.2.12.2. Product List
- 10.2.12.3. Strengths & Challenges
- 10.2.13. Meatless Farm
- 10.2.13.1. Company Overview
- 10.2.13.2. Product List
- 10.2.14. Nestle Sa
- 10.2.14.1. Company Overview
- 10.2.14.2. Product List
- 10.2.14.3. Strengths & Challenges
- 10.2.15. The Hain Celestial Group Inc
- 10.2.15.1. Company Overview
- 10.2.15.2. Product List
- 10.2.15.3. Strengths & Challenges
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook