Plant-Based Food Market Dynamic Demand For Future Growth, Global Industry Analysis by Size, Top Major Companies, Share and Regional Forecast to 2030 | COVID-19 Impacts

The global Plant-Based Food Market is estimated to be over US$ 12.9 Billion in 2019. It is anticipated to grow at a CAGR of 10.3% from 2019 to 2030.

This significant market growth can be attributed to the growing vegan population owing to rising awareness about healthy food. Moreover, factors such as increasing ethical concerns of people related to animal slaughter and rising health consciousness are anticipated to further enhance market growth during the forecast period. Furthermore, extensive R&D by major companies & universities across the globe to introduce plant-based food with maximum safety and precision are expected to significantly contribute to the market expansion.

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Major Players:

Some prominent players in the global Plant-Based Food Market include Danone, Beyond Meat, Archer Daniels Midland Company, Cargill Incorporated, Fonterra Co-operative Group, SunOpta, Kellogg NA Co., CSC BRANDS, L.P. (Campbell Soup Company), and Kerry Group plc. AMCO Proteins, among others.

Growth Factor:

According to The Good Food Institute and the Plant-Based Foods Association (PBFA), plant-based food sale jumped to 11% last year. Several factors have been crucial in governing the rising preference for plant-based food including the growing demand for organic products across developing countries and rising awareness about a health lifestyle. These foods are deemed to be environmentally safe as they account for lesser carbon credits when compared with their meat-based counterpart. Making people shift from the acquired and traditional taste of dairy products in addition to the changing perception and alternative protein sources such as animal-based protein and synthetic protein create restrains for the global plant-based protein market.

COVID-19 Impact on the Global Electric Vehicle Market:

The emergence of COVID-19 has created several disturbances in smooth functioning of businesses including production, delayed delivery of raw materials, reduced population in workspaces, supply chain interruptions, price fluctuations, and reduced demand from end users and customers. However, researchers have managed to study about the recent strategies during pandemic to avert huge losses and contribute stability of the Global Plant-Based Food Market. The report also mentions about the futuristic strategies and planning of the business owners post pandemic.

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Segmentation Based On:

By Type -

Plant-based Dairy Products,
Plant-based Milk Products,
Plant-based Meat Products,
Plant-based Eggs,
Plant-based Condiments

By Application -

Food & Beverage Processing Industry
Feed Industry

Regional Analysis:

North America will turn out to be one of the largest markets with the highest CAGR in the plant-based food market over forecast period. Increasing awareness about the adoption of healthy and natural food create lucrative opportunity for market growth in this region. The US is one of the largest markets for plant-based food and to facilitate the trade, it has set up The Plant Based Foods Association that represents nearly 75 of the nation’s leading plant-based food companies. The business scenario and growing consumer awareness about meat-based alternatives are expected to heighten the total sales. In Western Europe, a majority of the sales were derived from Germany and the UK owing to a higher per capita income and growing awareness about green diets in these regions. Asia Pacific is estimated to be the fastest growing market in the plant-based food market with focus primarily on developing countries such as India and China.

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Research objectives:-

- To study and analyze the global Plant-Based Food Market consumption (value & volume) by key regions/countries, product type and application, history data.

- To understand the structure of the Plant-Based Food Market by identifying its various sub-segments.

- Focuses on the key global Plant-Based Food Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

- To analyze the Plant-Based Food Market with respect to individual growth trends, future prospects, and their contribution to the total market.

- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

In the end, Plant-Based Food Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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