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Plant-based Food Market Growing Demand, Production Scope and Revenue 2020 to 2027

10-21-2020 03:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Plant-based Food Market

Plant-based Food 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.

The major players operating in the plant-based foods market include 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 for Stakeholders
• The report provides an in-depth analysis of the current trends, drivers, and dynamics of the Plant based foods market to elucidate the prevailing opportunities and tap the investment pockets.
• It offers qualitative trends as well as quantitative analysis of the global market for the period of 2018–2025 to assist stakeholders to understand the market scenario.
• In-depth analysis of the key segments demonstrates the sources of plant-based foods and their applications.
• Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
• Key market players are profiled to understand the competitive outlook of the market.

Key Market Segments
By Source
• Fruits
• Vegetables
• Seeds & Nuts
• Legumes
• Whole Grains

By Application
• Food & Beverages
• Infant Food
• Dietary Supplements
• Animal Feed
• Bakery & Confectionary

By Distribution Channel
• Online Retail
• Supermarket/Hypermarket
• Specialty Stores
• Convenience Stores
• Others

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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. Every 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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