Global Plant-Based Food Market Insights: Insights and Forecast 2019-2025

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Emphasis on Product (Plant Based Dairy Alternatives, Plant Based Meat Substitutes), Applications (Supplements and Nutritional Powders, Beverages, Bakery and Snacks, Breakfast and Cereals, Infant Nutrition, Others), Source (Soy Protein, Soy Protein, Wheat Protein, Others) and Region/Country

Published:

Aug-2019

Pages:

189

Table:

58

Figure:

96

Report ID:

UMCG19151

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

The Plant-Based Food market stood at US$ 4,373.0 million in 2018 and is expected to grow at a CAGR of 10.19% during the forecast period 2019-2025. The global meat and dairy sector are currently going through an unprecedented level of competition and disruption, driven by the growth of viable plant-based alternatives across many categories. People are reducing or eliminating animal products from their diet for a variety of reasons. Some want to cut back on cholesterol, others may be concerned about animal welfare, and some tend to worry about the effect of animal agriculture on the environment. Whatever the reason may be, consumers globally are shifting to a plant-based food diet. There is a seismic shift occurring in eating habits, creating a significant market opportunity for plant-based foods. Most important, many kinds of research reveal that for consumers, consuming plant-based foods has moved beyond experimentation into a permanent change brought on by health, lifestyle and social factors. Thus, following are market dynamics that discuss the plant-based food product aspects in the market.

Climate change is recognized as a significant public health issue that will impact on food security. One of the major contributors to global warming is the livestock industry, and, relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. Promoting increased consumption of plant-based foods is a recommended strategy to reduce human impact on the environment and is also now recognized as a potential strategy to reduce the high rates of some chronic diseases such as cardiovascular disease and certain cancers.

Consumer Trends Leading to Adoption of Plant-Based Food

“Plant-Based Dairy & Dairy Alternatives products were the most consumed plant-based food globally, accounting for 61% share in 2018”

Based on product the global plant-based food market is segmented into Plant-Based Dairy Alternatives, Plant-Based Sports Nutrition and Plant-Based Meat Substitutes. Plant-based dairy alternative is not an option for all consumers. Americans say they are consuming less dairy for health reasons. The intake of plant-based drinks is increasing in the UK. In fact, the sector is predicted to rise by 43% by 2021. When it comes to plant-based sports nutrition, several high-profile athletes, such as former world heavyweight champion boxer David Haye and female tennis champion Venus Williams, have reportedly adopted plant-based diets.

“Beverage production dominated the application of plant-based food market, with a share of 62% in 2018, and is expected to maintain its dominance throughout the forecast period 2019-2025”

Based on the application, the global plant-based food market is segmented Beverages, Bakery and Snacks, Breakfast cereals, Infant nutrition and other applications. In 2018, beverages dominated the market, however, increasing demand for plant-based meat would lead an increasing market of bakery and snacks segment during the forecast period.  Traditional baked goods rely heavily on butter, eggs, and cream. Roughly 387 million people are living with diabetes, and according to the International Diabetes Federation, the number is expected to increase to nearly 600 million by 2035. Studies claim a whole-food, plant-based diet can prevent and even reverse a litany of food and lifestyle-borne illnesses, including heart disease and type 2 diabetes.

“Amongst source of food, Soy-based food held the major share in 2018 however, by 2025, the Pea segment is expected to overtake Soy segment.”

Based on the source, the Plant-Based Food market is segmented into Soy Protein, Pea Protein, Wheat Protein and other types of protein. In 2018, Soy protein type dominated the source segment, generating revenue of US$ 12,728.9 million. The segment is expected to grow at a CAGR of XX% during the forecast period by 2025. In the APAC region, Australia dominated the Soy Market.

Global Plant-Based Food Market, By Source US$ billion (2018-2025)

“North America is the largest market for plant-based food, followed by Europe and Asia-Pacific”

The American plant-based food market is currently booming, and investment in this sector is rising steadily. For example, Greenleaf Foods recently announced a US$ 310 million investment in a new production facility, and plant-based producer Tofurky is being backed by further private investment. US company Greenleaf Foods, a subsidiary of Canadian Maple Leaf Foods Inc., announced that it will build the largest plant to produce plant-based proteins in North America. Accordingly, such investment and innovation are followed globally

Competitive Landscape-Top 10 Market Players

Some of the major players operating in the global plant-based food market are Tofurky, Quorn foods Inc., Amy’s kitchen, Archer Daniel’s Midland, Claudron Foods, Morning Star Farms, Sweet Earth Foods, Impossible Foods, Maple Leaf food and Beyond Burgers. These companies have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the growing plant-based food market.

Reasons to buy (The research report presents):

  • Current and future market size from 2018 to 2025 in terms of value (US$)
  • Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
  • Detail analysis of the impact of plant-based food on human and environment
  • Analysis of regional variations and changing meat-eating trends
  • A quick review of overall industry performance at a glance
  • In-depth analysis of key industry players
  • A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments and sub-segments of the global plant-based food market
  • The region covered: North America, Europe, Asia Pacific and Rest of World

Customization Options:

The Plant-Based Food market can be customized for different regions globally and at the country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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  1.1Market Definition
  1.2Objective of the Study
  1.3Limitation 
  1.4Stakeholders 
  1.5Currency used in the Report
  1.6Scope of the Plant-Based Food Market Study
  2.1Research Methodology for Plant-Based Food Market Study
   2.1.1Main objective of the Plant-Based Food Market Study
  3.1General Overview
   3.1.1North America Regulatory Framework for Plant-Based Food
   3.1.2Europe Regulatory Framework for Plant-Based Food
   3.1.3APAC Regulatory Framework for Plant-Based Food
   3.1.4Rest of the World Regulatory Framework for Plant-Based Food
  6.1Introduction 
  6.2Market Dynamics
   6.2.1Market Drivers
    6.2.1.1Increasing Purchasing Power of Consumers
    6.2.1.2Significant Media Coverage and Smartphones Penetration
    6.2.1.3Rising Consumer Awareness and Health-conscious Consumer
    6.2.1.4Environmental Impact of Dairy and Meat Products
    6.2.1.5Widening range of ingredients and flavours
    6.2.1.6Increased Support for branded Plant based food from Supermarkets
   6.2.2Major Trend in the Plant-Based Food Market
    6.2.2.1Use of Avocado
    6.2.2.1Vegan Cheese
    6.2.2.2Faux Meat
    6.2.2.3Fermented Foods
   6.2.3Case Study 1- Positives of Plant Based Diet
    6.2.3.1Some other Trends witnessed in the Food & Beverage Industry
     6.2.3.1.1Established industry players revising their strategy
     6.2.3.1.2Direct to Consumer Business Model (D2C)
   6.2.4Market Restraints
    6.2.4.1Impact of changing weather conditions plantation
    6.2.4.2Consumers shift from the Traditional Taste of Dairy and Meat Product
    6.2.4.3Significant Preference for Animal Based Protein
   6.2.5Opportunity
    6.2.5.1Increasing Demand for Natural and Organic Products
     6.2.5.1.1Organic Agriculture: Key Indicators and Top Countries, 2015
    6.2.5.2Increasing Ethical Consumerism
    6.2.5.3Increasing Innovation in Food Industry
  7.1General Overview
  7.2Livestock and Environmental Impact
  7.3Benefits of Plant Based Products over Livestock Products
   7.3.1Comparison of impact of Plant-based meat and Animal-based meat
   7.3.1Case Study 2- Antimicrobial Use in Food Animals Represents A Systemic Risk
  7.4Plant-Based Diets and Human Health
   7.4.1Pictorial representation of the changing face of the world
  7.5Regional Variations- Meat Eating Trends
   7.5.1Country wise Key Statistic on Plant-Based Diet, recent available
  7.6Plant-Based Meats Trend- Role of Food Manufacturers
   7.6.1Impossible Foods
   7.6.2Tyson Foods
   7.6.3Kraft Foods
   7.6.4Nestle

 

  8.1General Overview
   8.1.1Demand and Supply Side Analysis
    8.1.1.1Top Winning Strategies
     8.1.1.1.1Top Product launches
     8.1.1.1.2Top Investments
     8.1.1.1.3Top Acquisition and Collaborations
   8.1.2Value Chain Analysis
    8.1.2.1Value Chains for Plant-based food: Examples in Action
   8.1.3Case Study 2- Impossible Foods
   8.1.4Case Study 3- Papa John’s Pizza
  9.1General Overview
   9.1.1Plant Based Dairy Alternatives
   9.1.2Plant Based Nutrition
   9.1.3Plant Based Meat Substitutes
  10General Overview
   10.1.1Plant Based Supplements and Nutritional Powders
   10.1.2Plant Based Beverages
   10.1.3Plant Based Bakery and Snacks
   10.1.4Plant Based Breakfast and Cereals
   10.1.5Plant Based Infant Nutrition
    10.1.5.1Key Facts on Plant Based Infant Nutrition
   10.1.6Other Plant Based Food
  11General Overview
   11.1.1Soy Protein
   11.1.2Pea Protein
    11.1.2.1Key Facts comparing Pea Protein and Soy Protein
   11.1.3Wheat Protein
   11.1.1Others
  12General Overview
  12North America Plant Based Food Market (2018-2025)
   12.2.1North America Plant Based Food Market, by Product 2019-2025 (US$ Mn)
   12.2.2North America Plant Based Food Market, by Application
   12.2.3North America Plant Based Food Market, by Source
   12.2.4North America Plant Based Food Market, by Country
    12.2.4.1United States Plant Based Food Market
     12.2.4.1.1US Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.2.4.1.2US Plant Based Food Market, by Application
     12.2.4.1.3US Plant Based Food Market, by Source
    12.2.4.2Canada Plant Based Food Market
     12.2.4.2.1Canada Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.2.4.2.2Canada Plant Based Food Market, by Application
     12.2.4.2.3Canada Plant Based Food Market, by Source
    12.2.4.3Mexico Plant Based Food Market
     12.2.4.3.1Mexico Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.2.4.3.2Mexico Plant Based Food Market, by Application
     12.2.4.3.3Mexico Plant Based Food Market, by Source
    12.2.4.4Rest of North America Plant Based Food Market
     12.2.4.4.1Rest of NA Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.2.4.4.2Rest of NA Plant Based Food Market, by Application
     12.2.4.4.3Rest of NA Plant Based Food Market, by Source
  12European Plant Based Food Market (2018-2025)
   12.3.1Europe Plant Based Food Market, by Product 2019-2025 (US$ Mn)
   12.3.2Europe Plant Based Food Market, by Application
   12.3.3Europe Plant Based Food Market, by Source
   12.3.4Europe Plant Based Food Market, by Country
    12.3.4.1Germany Plant Based Food Market
     12.3.4.1.1Germany Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.3.4.1.2Germany Plant Based Food Market, by Application
     12.3.4.1.3Germany Plant Based Food Market, by Source
    12.3.4.2UK Plant Based Food Market
     12.3.4.2.1Case Study 4- Royal Blackburn Teaching Hospital, United Kingdom
     12.3.4.2.2UK Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.3.4.2.3UK Plant Based Food Market, by Application
     12.3.4.2.4UK Plant Based Food Market, by Source
    12.3.4.3France Plant Based Food Market
     12.3.4.3.1France Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.3.4.3.2France Plant Based Food Market, by Application
     12.3.4.3.3France Plant Based Food Market, by Source
    12.3.4.4Rest of Europe Plant Based Food Market
     12.3.4.4.1Rest of EU Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.3.4.4.2Rest of EU Plant Based Food Market, by Application
     12.3.4.4.3Rest of EU Plant Based Food Market, by Source
  12APAC Plant-Based Food Market (2018-2025)
   12.4.1Key Facts on Asia-Pacific Plant Based Food Market
   12.4.2Asia-Pacific Plant Based Food Market, by Product 2019-2025 (US$ Mn)
   12.4.3Asia-Pacific Plant Based Food Market, by Application
   12.4.4Asia-Pacific Plant Based Food Market, by Source
   12.4.5Asia-Pacific Plant Based Food Market, by Country
    12.4.5.1China Plant Based Food Market
     12.4.5.1.1China Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.4.5.1.2China Plant Based Food Market, by Application
     12.4.5.1.3China Plant Based Food Market, by Source
    12.4.5.2Australia Plant Based Food Market
     12.4.5.2.1Australia Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.4.5.2.2Australia Plant Based Food Market, by Application
     12.4.5.2.3Australia Plant Based Food Market, by Source
    12.4.5.3India Plant Based Food Market
     12.4.5.3.1India Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.4.5.3.2India Plant Based Food Market, by Application
     12.4.5.3.3India Plant Based Food Market, by Source
    12.4.5.4Singapore Plant Based Food Market
     12.4.5.4.1Singapore Plant Based Food Market, by Product 2019-2025 (US$ Mn)
     12.4.5.4.2Singapore Plant Based Food Market, by Application
     12.4.5.4.3Singapore Plant Based Food Market, by Source
    12.4.5.5Rest of Asia-Pacific Plant Based Food Market
     12.4.5.5.1Rest of APAC Plant Based Food Market, by Product 2019-2025(US$ Mn)
     12.4.5.5.2Rest of APAC Plant Based Food Market, by Application
     12.4.5.5.3Rest of APAC Plant Based Food Market, by Source
  13Rest of the World Plant-Based Food Market (2018-2025)
   12.5.1ROW Plant Based Food Market, by Product 2019-2025 (US$ Mn)
   12.5.2ROW Plant Based Food Market, by Application
   12.5.3ROW Plant Based Food Market, by Source
  13Porter’s Five Forces Analysis
   13.1.1Bargaining power of Buyer
   13.1.2Bargaining power of Supplier
   13.1.3Threat of new entrants
   13.1.4Availability of Substitute
   13.1.5Industry Rivalry
  13Plant-Based Food Market Share Analysis, 2018
  14SWEET EARTH FOODS
   14.1.1Key Facts 
   14.1.2Business Description
   14.1.3Key Product/Services Offerings
   14.1.4Growth Strategy
   14.1.5SWOT Analysis
   14.1.6Recent Developments
    14.1.6.1Product launches
    14.1.6.2Sweet Earth Foods Business Expansions and Investment
    14.1.6.3Mergers and Acquisitions
  14Quorn Foods 
   14.2.1Key Facts 
   14.2.2Business Description
   14.2.3Key Product/Services Offerings
   14.2.4Growth Strategy
   14.2.5Key Insights on Reducing Environment Iimpact-
   14.2.6Impact of Quorn food
   14.2.7SWOT Analysis
   14.2.8Recent Developments
    14.2.8.1Product Launches
    14.2.8.2Partnerships
    14.2.8.3Business Expansion and Investments
  14Amy’s Kitchen, Inc
   14.3.1Key Facts 
   14.3.2Business Description
   14.3.3Key Product/Services Offerings
   14.3.4Growth Strategy
   14.3.5SWOT Analysis
   14.3.6Recent Developments
    14.3.6.1Product launches
    14.3.6.2Partnership
    14.3.6.3Business expansion and Investment
  14Archer Daniel’s Midland
   14.4.1Key Facts 
   14.4.2Business Description
   14.4.3Key Product/Services Offerings
   14.4.4Growth Strategy
   14.4.5SWOT Analysis
   14.4.6Key Financials
    14.4.6.1Revenue Split, by Region and Segment
   14.4.7Recent Developments
    14.4.7.1Product launches
    14.4.7.2Partnership
    14.4.7.3Business Expansion and Investment
    14.4.7.4Merger and Acquisition
  15Cauldron Foods
   14.5.1Key Facts 
   14.5.2Business Description
   14.5.3Key Product/Services Offerings
   14.5.4Growth Strategy
   14.5.5SWOT Analysis
   14.5.6Recent Developments
    14.5.6.1Business Expansion
  15Morning Star Farms
   14.6.1Key Facts 
   14.6.2Business Description
   14.6.3Key Product/Services Offerings
   14.6.4Growth Strategy
   14.6.5SWOT Analysis
   14.6.6Recent Developments
    14.6.6.1Product Launches
    14.6.6.2Business Expansion
  15Beyond Meat Company
   14.7.1Key Facts 
   14.7.2Business Description
   14.7.3Key Product/Services Offerings
   14.7.4Growth Strategy
   14.7.5SWOT Analysis
   14.7.6Key Financials (2018-2019)
    14.7.6.1Revenue Split, by Region and Segment
   14.7.7Recent Developments
    14.7.7.1Product Launches
    14.7.7.2Partnership
    14.7.7.3Business Expansion
  15Impossible Food, Ltd.
   14.8.1Key Facts 
   14.8.1Business Description
   14.8.2Key Product/Services Offerings
   14.8.3Growth Strategy
   14.8.4SWOT Analysis
   14.8.5Recent Developments
    14.8.5.1Business Expansion and Investment
  15Maple Leaf Food
   14.9.1Key Facts 
   14.9.2Business Description
   14.9.3Brand Offerings
   14.9.4Growth Strategy
   14.9.5SWOT Analysis
   14.9.6Key Financials (2014-2018)
    14.9.6.1Revenue Split
   14.9.7Recent Developments
    14.9.7.1Product Launches
    14.9.7.2Partnership
    14.9.7.3Business Expansion and Investment
    14.9.7.4Mergers and Acquisition
  14.10Tofurky  
   14.10.1Key Facts 
   14.10.2Business Description
   14.10.3Key Product/Services Offerings
   14.10.4Growth Strategy
   14.10.5SWOT Analysis
   14.10.6Recent Developments
    14.10.6.1Product Launches
    14.10.6.2Business Expansion and Investment
  15.1Al Foah  
   15.1.1Key Facts 
   15.1.2Business Description
   15.1.3Key Product/Services Offerings
   15.1.4Global Brands of Al Foah
   15.1.5Worldwide Reach of Al Foah
   15.1.6Recent Developments
  15.2Al Barakah Dates Factory
   15.2.1Key Facts 
   15.2.2Business Description
   15.2.3Worldwide Reach of Al Barakah Dates
   15.2.4Key Product/Services Offerings
   15.2.5Annual Production Capacity of Date Fruit of Al Barakah Dates Factory
   15.2.6Recent Developments
  15.3Hadiklaim Date Growers Cooperative
   15.3.1Key Facts 
   15.3.2Business Description
   15.3.3Key Product/Services Offerings
   15.3.4Worldwide Reach of Hadiklaim Date Growers Cooperative
   15.3.5Recent Developments
  15.4Maghadi Dates 
   15.4.1Key Facts 
   15.4.2Business Description
   15.4.3Key Product/Services Offerings
   15.4.4Export Locations of Maghadi Dates
   15.4.5Recent Development
  15.5Haifa Dates 
   15.5.1Key Facts 
   15.5.2Business Description
   15.5.3Dates Manufacturing process of Haifa Dates
   15.5.4Key Product/Services Offerings
   15.5.5Recent Development
  15.6Kingdom Dates 
   15.6.1Key Facts 
   15.6.2Business Description
   15.6.3Farms and Factory of Kingdom Dates
   15.6.4Key Product/Services Offerings
   15.6.5Recent Developments
  15.7Sharjah Dates Factory
   15.7.1Key Facts 
   15.7.2Business Description
   15.7.3Key Product/Services Offerings
   15.7.4Export Locations of Sharjah Dates Factory
   15.7.5Recent Developments
  15.8Sahara Dates 
   15.8.1Key Facts 
   15.8.2Business Description
   15.8.3Key Product/Services Offerings
   15.8.4Export Locations of Sahara Dates
  15.9Emirates Dates 
   15.9.1Key Facts 
   15.9.2Business Description
   15.9.3Key Product/Services Offerings
   15.9.4Export Locations of Emirates Dates
   15.9.5Recent Developments
  15.1Al Mohamadia Dates Company
   15.10.1Key Facts 
   15.10.2Business Description
   15.10.3Key Product/Services Offerings
   15.10.4Export Locations of Al Mohamadia Dates Company
   15.10.5Recent Developments

Research Methodology

Analyzing historical market, estimation of the current market and forecasting the future market for Plant-Based Food Market were the three major steps to create and analyse the overall market of Plant-Based Food sector globally. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Plant-Based Food market. After all the assumptions, market sizing and validation of market numbers through primary interviews, the top-down approach was employed to forecast the complete market size of global Plant-Based Food market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the sector. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Global Plant-Based Food sector through company internal sources such as annual report & financial statements of top players, performance presentations, press releases etc. and external sources including journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other credible publications. For economic data collection, sources such as World Bank, IMF, Trading Economics among others were used.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the Global Plant-Based Food sector. Major segments included in the report are by product, application, and source. Further analysis was also done for sub-segments of the major segments of Global Plant-Based Food market

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the plant-based food globally. Factor analysis was conducted using dependent and independent variables such the consumer taste and preference for plant-based food, consumer willingness to purchasing such foods, etc. Historical trends of the global Plant-Based Food market and its year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments in different regions/countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of plant-based food
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing plant-based food market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Plant-Based Food market. Data was split into several segments & sub-segments post studying various parameters and trends in the application of Plant-Based Foods that is beverages, bakery and snacks, breakfast cereals, infant nutrition and other applications. Further, the source of Plant-Based Foods was also taken into consideration that included Soy protein, wheat protein and pea protein. Apart from this, the major regions of the world were taken into considerations including North America, European, Asia-Pacific and rest of the world.

Main objective of the Global Plant-based Food Market Study

The current & future market trends of the Global Plant-Based Food Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Plant-based food sector in terms of value
  • Analyze the current and forecast market size of different segments and sub-segments of the global Plant-Based Food Market. Segments in the study include application, product and source
  • Define and describe the technologies and protocols used in the Plant-Based Food Market
  • Anticipate potential risk associated with the product
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for the Plant-Based Food Market in different regions
  • Analyze the current and forecast market size of Global Plant-Based Food Market, in terms of value for regions
  • Define and analyze the competitive landscape of the Global Plant-Based Food Market and the growth strategies adopted by the market players to sustain in the ever-growing market