Global Plant-Based Food & Beverage Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “ Global Plant-Based Food & Beverage Market” was worth US$ 3.69 Bn in 2022 and total revenue is expected to grow at a rate of 11 % CAGR from 2023 to 2029, reaching almost US$ 7.67 Bn in 2029

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Global Plant-Based Food & Beverage Market Scope and Methodology

To understand market estimations and growth rates bottom-up approach was used in the report A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the Global Plant-Based Food & Beverage Market. The revenue, financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances of the top players in the market as well as their local market shares, are all included in the competitive environment for the Global Plant-Based Food & Beverage market.

Regional analysis of the Global Plant-Based Food & Beverage market conducted at a local, regional and global level. The competitive analysis is conducted to understand the growth models and strategies used by key players and also provides a detailed analysis of the dominant market share and penetration in the market. The report also offers information on the emerging regions that are expected to be major markets for the Global Plant-Based Food & Beverage market.

The primary and secondary data sources with qualitative and quantitative analysis are used in the report. Primary research is conducted from questionnaires and telephonic interviews with market leaders, business owners, etc., while secondary research includes financial reports annual reports, white papers, etc. The report presented the SWOT, PORTER and PESTLE Analysis with the potential impact of macro-economic factors on the Global Plant-Based Food & Beverage market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Global Plant-Based Food & Beverage Market.

Global Plant-Based Food & Beverage Market Dynamics

During the projected period, the plant-based food market is expected to reach USD 73.2 billion at a CAGR of 10.9%. The increasing prevalence of unhealthy lifestyles, chronic diseases, and intolerance for animal protein in daily consumption are driving the expansion of the plant-based food sector. Consumers are increasingly gravitating towards vegan dietary products, which will drive market expansion during the forecast period. With increased consumer concern about animal welfare and the impediment of brutality towards animals in the food industry, there is a movement in global demand for plant-based food items. As a result, the market has a more upbeat perspective. Furthermore, the creation of new products such as plant-based milk, eggs, and cheese

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Global Plant-Based Food & Beverage Market Regional Insights

The Global Plant-Based Food & Beverage market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis provides the Global Plant-Based Food & Beverage market status of various countries included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Global Plant-Based Food & Beverage Market Segmentation

The segment is separated into four product types: dairy alternatives, meat substitutes, plant-based eggs, and confection. Plant-Based Milk, Ice Cream, Creamer, Yoghurt, Butter, Cheese, and Others are the sub-categories of dairy replacements. Plant-based food products are gaining in popularity as the number of lactose-intolerant people grows and animal killing decreases. Plant-based milk is highly accepted by consumers and is expected to account for the greatest market share in dairy products. Because of the high calorie content of animal milk, the prevalence of lactose sensitivities, and the prevalence of hypercholesterolemia, plant-based milk is largely accepted by consumers.

By Product Type
Dairy Alternatives
Meat Substitute
Plant-Based Eggs
Confectionery

By Source
Soy Protein
Almond Protein
Wheat Protein
Pea Protein
Rice Protein

By Distribution Channel
B2B
B2C


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Global Plant-Based Food & Beverage Market Key Players

1. Beyond Meat Inc. (U.S.)
2. Impossible Foods Inc. (U.S.)
3. Danone SA (France)
4. Garden Protein International, Inc. (Canada)
5. Amy’s Kitchen Inc. (U.S.)
6. Follow Your Heart (U.S.)
7. The Hain Celestial Group, Inc. (U.S.)
8. Sahmyook Foods (South Korea)
9. Sanitarium Health and Wellbeing Company (Australia)
10.Axiom Foods (U.S.)
11.Daiya Foods Inc. (Canada)
12.Earth's Own Food Company Inc. (Canada)
13.Lightlife Foods, Inc. (U.S.)
14.Marlow Foods Ltd. (U.K.)
15.Taifun –Tofu GmbH (Germany)
16.Atlantic Natural Foods LLC (U.S.)
17.VBIte Food Ltd (U.K.)
18.Nutrisoy Pty Ltd. (Australia)

Key questions answered in the Global Plant-Based Food & Beverage Market are:

What is Global Plant-Based Food & Beverage?
What was the Global Plant-Based Food & Beverage market size in 2022?
What are the different segments of the Global Plant-Based Food & Beverage Market?
What growth strategies are the players considering to increase their presence in Global Plant-Based Food & Beverage?
What are the upcoming industry applications and trends for the Global Plant-Based Food & Beverage Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Global Plant-Based Food & Beverage Market?
Who are the key players in the Global Plant-Based Food & Beverage market?
What major challenges could the Global Plant-Based Food & Beverage Market face in the future?
What segments are covered in the Global Plant-Based Food & Beverage Market?
Who are the leading companies and what are their portfolios in Global Plant-Based Food & Beverage Market?


Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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