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Impact Of Covid-19 On Plant-based Food Market | Beyond Meat, Impossible Foods Inc., Kite Hill, Oatly, Gardener Cheese Company, PACIFIC FOODS OF OREGON, LLC, DREAM

05-04-2020 03:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Plant-based Food Market

Plant-based Food Market

AMR team is working exclusively on COVID-19 impact on various Plant-based food Market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Plant-based food industry along with its immediate impact on the market.

Plant-based food refers to the food products derived from plant sources, which include fruits, vegetables, whole grains, tofu, seeds, beans, lentils, and soy. Unlike a few years ago, plant-based foods are now available conveniently in most grocery stores. The plant-based foods niche market has grown into a completely mainstream industry, since the dominant meat consumers are have shifted their preference toward plant-based meat and dairy alternatives.

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Several factors concerning the consumers such as clean labels, change in food preferences, need to avoid allergens, and compatibility with vegan lifestyles have shifted the preference of consumers toward plant-based foods, which acts as a major driver of the global market. Moreover, surge in consumer demand for animal-free sources of protein and favorable comparisons of plant-based to meat-based protein sources boost the market growth. Furthermore, limited availability and high cost of animal-based food products in several countries is ultimately boosting the growth for plant-based food market. However, lack of awareness of the benefits of plant-based foods among consumers restrains the growth of the market.

Conversely, factors such as innovation in food technology and environmental, social, and governance (ESG) policies can hinder livestock production and growth, which can be expected to offer remunerative opportunity for the plant-based food market expansion.

The global plant-based food market is segmented based on source, application, distribution channel, and region. On the basis of source, the market is categorized into fruits, vegetables, seeds & nuts, legumes, and whole grains. The applications covered in the study include food & beverages, bakery & confectionary, animal feed, infant food, and dietary supplement. By distribution channel, the market is classified into online retail, specialty stores, supermarkets/hypermarkets, convenience stores, and others. Region wise, it is analyzed across North America, Asia-Pacific, Europe, and LAMAE.

Major Players: Beyond Meat, Impossible Foods Inc., Kite Hill, Oatly, Gardener Cheese Company, PACIFIC FOODS OF OREGON, LLC, DREAM, Mason & Co, So Delicious Dairy Free, and Califia Farms.

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Key Benefits

o The report provides a qualitative and quantitative analysis of the current Plant-based food market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the Plant-based food industry.

Highlights of the Report

o Competitive landscape of the Plant-based food Market.
o Revenue generated by each segment of the Plant-based food market by 2027.
o Factors expected to drive and create new opportunities in the Plant-based food industry.
o Strategies to gain sustainable growth of the market.
o Region that would create lucrative business opportunities during the forecast period.
o Top impacting factors of the Plant-based food market.

Access Full Report Summary: https://www.alliedmarketresearch.com/plant-based-food-market

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. The data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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