The latest research study “Plant-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global plant-based food market is expected to exhibit a growth rate (CAGR) of 12.11% during 2023-2028.
Market Outlook:
Plant-based food refers to the food products that are primarily derived from plant sources. This type of diet typically includes a wide range of food items, including fruits, vegetables, legumes, grains, nuts, and seeds. Plant-based diets are typically high in fiber, vitamins, and minerals, and low in saturated fat and cholesterol. Plant-based foods are considered to have numerous health benefits, such as the reduced risk of heart disease, obesity, and certain types of cancer. Plant-based foods are also often considered to be more environmentally sustainable than animal-derived foods, as they require fewer resources to produce and generate lower levels of greenhouse gas (GHG) emissions.
Plant-Based Food Market Growth Drivers:
The rising consumer awareness about the health benefits of plant-based diets, along with an overall increase in the number of health conscious individuals represents a key factor driving the plant based market growth across the globe. In line with this, the increasing concerns among consumers about the environmental impact of their food choices and seeking out more sustainable and environmentally friendly options, such as plant-based foods, are further contributing to the market growth. Moreover, the market is also driven by the growing demand for convenient and affordable plant-based food options. Furthermore, the increasing concerns regarding animal welfare and the rising trend of veganism are expected to create a positive outlook for the market.
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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.
Major Plant-Based Food Market Companies Covered in the Market Report Include:
- 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.
Plant Based Food Market Segmentation:
Breakup by Type:
- Dairy Alternatives
- Meat Alternatives
- Egg Substitutes and Condiments
- Others
Breakup by Source:
- Soy
- Almond
- Wheat
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- 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 (2017-2022)
- Market Outlook (2023-2028)
- 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.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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