Plant Based Food Market to Showcase High Growth; to cross USD 37.5 BN Mark by 2027

Posted On February 04, 2021     

During the period of 2020-2027 it is expected that the Global Plant Based Food Market will showcase a CAGR of 10.5%. The market is foreseen to reach USD 37.5 BN by 2027 as stated in the published market study by Value Market Research. Plant-based food is a minimally processed food derived from plants. A growing need for a sustainable diet with low environmental impacts and healthy life for present and future generations is the main driver for this market’s growth. Increased adoption of a plant-based diet can lead to better health, food security, and animal welfare. The plant-based diet is gaining more excellent traction since it is highly affordable and optimizes both natural and human resources. Rising investment in research & development of new plant-based products and alternative proteins will be a market booster. High Prevalence of food allergies and intolerance among people consuming animal products worldwide will further expand the market. This market’s main challenges are nutritional deficiencies reported in people on Whole Foods and the requirement of efficient meal planning.

Plant-based food primarily focuses on natural foods entirely obtained from plants. It can consist of fruits, vegetables, tubers, whole grains, legumes, nuts, seeds, tofu, tempeh, and plant-based milk. A plant-based diet can lead to bigger fitness payoffs, more energy, reduced inflammation, reduced risk of cancer, easy weight management, better health outcomes, and less environmental footprint. Proper meal planning, education around foods, and lifestyle shifts are essential to lead a healthy life when strictly consuming plant-based diets. The risks involved in plant-based food are protein, iron, vitamin b12 deficiencies.

The initial sections of the report "Global Plant Based Food Market Report By Product Type (Dairy Alternatives, Meat Substitute), By Source (Soy Protein, Almond Protein, Wheat Protein, Pea Protein, Rice Protein), By Distribution Channel (Business To Business, Business To Customers) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The plant based food market opportunities are useful to identify the profit canters and take the strategic decision accordingly.

On the basis of product type the market is segmented into Dairy Alternatives [Plant-Based Milk, Ice Cream, Creamer, Yogurt, Butter, Cheese, Others], Meat Substitute (Tofu, TVP, Tempeh, Seitan, Burger Patties, Sausages, Ground Meat, Meatballs, Nuggets, Crumbles, Others), Plant-based Eggs/Egg Substitute [Confectionery, Others]. By source the plant based food market is categorised as Soy Protein, Almond Protein, Wheat Protein, Pea Protein, Rice Protein. By distribution channel the plant based food market is categorised as Business to Business, Business to Customers (Modern Groceries, Convenience Store, Specialty Store, Online Retail, Others).The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.

The Report Segments Global Plant Based Food Market -
By Product Type

  • Dairy Alternatives
    • Plant-Based Milk
    • Ice Cream
    • Creamer
    • Yogurt
    • Butter
    • Cheese
    • Others
 
  • Meat Substitute
    • Tofu
    • TVP
    • Tempeh
    • Seitan
    • Burger Patties
    • Sausages
    • Ground Meat
    • Meatballs
    • Nuggets
    • Crumbles
    • Others
 
  • Plant-based Eggs/Egg Substitute
    • Confectionery
    • Others
 
By Source
  • Soy Protein
  • Almond Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
 
By Distribution Channel
  • Business to Business
  • Business to Customers
    • Modern Groceries
    • Convenience Store
    • Specialty Store
    • Online Retail
    • Others


By Region

  • North America             
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

 
Players Profiled In the Report:
Beyond Meat, Impossible Foods, Danone, Garden Protein International, Amy’s Kitchen, Follow Your Heart, The Hain Celestial, Sahmyook Foods, Sanitarium Health and Wellbeing, Axiom Foods, Daiya Foods, Earth's Own Food Company, Lightlife Foods, REFILE-Cargill., Taifun-Tofu GmbH, Atlantic Natural Foods, JUST Inc, and Nutrisoy Pty

Download the FREE SAMPLE of Global Plant Based Food Market Research Report

 
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