According to the latest report by IMARC Group, titled “Plant-based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global plant-based food market is expected to exhibit a CAGR of 12.29% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Plant-based Food Market Projections:
Plant-based foods are derived from natural plant-sourced ingredients that are manufactured using legumes, oils, vegetables, fruits, nuts, bread, dry pasta, and whole grains. They do not contain animal-acquired ingredients, such as eggs, milk, or meat. Tofu, seitan, tempeh, and coconut and almond milk are some of the commonly available plant-based products in the market. These products are an excellent source of magnesium, folic acid, vitamins B1, E, and C, and iron. They also contain minimal cholesterol and saturated fats. Regular consumption of plant-based food products helps minimize the risks of heart and metabolic diseases, high blood pressure, obesity, and diabetes.
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Global Plant-Based Food Market Trends:
The surging number of venture investments in plant-based food companies and the increasing adoption of vegan dietary habits are some key factors driving the market growth. Besides this, the growing consumer consciousness regarding animal cruelty has prompted a gradual shift toward plant-based food products, which, in turn, is accelerating the market growth. Moreover, the increasing prevalence of chronic lifestyle diseases and the surging number of lactose-intolerant populations are contributing to the market growth. Furthermore, the easy product availability on online retail channels, surging consumer expenditure power, and rising promotional activities by athletes and celebrities to encourage the consumption of plant-based food products are creating a positive outlook for the market.
Plant Based Food Market 2022-2027 Competitive Analysis
Competitive Landscape With Key Players:
The competitive landscape of the plant based food market has been studied in the report with the detailed profiles of the key players operating in the market.
The key players of the global plant-based food market are
- Amy’s Kitchen Inc.
- Atlantic Natural Foods LLC
- Beyond Meat Inc. (NASDAQ: BYND)
- Danone SA (OTCMKTS: DANOY)
- Garden Protein International Inc. (NYSE: CAG)
- Impossible Foods Inc.
- Lightlife Foods Inc. (Maple Leaf Foods Inc.)
- Nestle S.A. (OTCMKTS: NSRGY)
- Tyson Foods Inc. (NYSE: TSN)
- Vbite Food Ltd.
Global Plant Based Food Market Segmentation:
The report has segmented the plant based food market on the basis of type, source, Distribution Channel and region.
Based on Type:
- Dairy Alternatives
- Meat Alternatives
- Egg Substitutes and Condiments
Based on Source:
Based on Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2903&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Table of Contents
- Executive Summary
- Global Market Analysis
- Regional Market Analysis
- Impact Of COVID-19
- Market Dynamics
- Competitive Landscape
- Company Profiles
- List of Figures
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