Plant-Based Products' Nutritional Benefits augment the Global Plant-Based Food and Beverage Market Growth

According to the estimations put forth by Inkwood Research, the Global Plant-Based Food and Beverage Market is predicted to project a CAGR of 9.29% in terms of revenue during the forecasting years of 2021-2028.

"Browse 53 Market Data Tables and 46 Figures spread over 224 Pages, along with an in-depth TOC on the Global Plant-Based Food and Beverage Market Forecast 2021-2028."

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Animal welfare, immune resilience, sustainability, and concerns regarding the ecological footprint of certain foods and beverages are among the vital factors propelling the consumption of plant-based food and beverages.

Nutritional Benefits of Plant-Based Products Drive Market Growth
Reduced inflammation, stable blood sugar levels, and low cholesterol levels, are the benefits offered by plant-based food and beverages. Also, they are rich in antioxidants, fiber, minerals, and vitamins. In terms of beverages, they are gluten and cholesterol-free. Lactose intolerance is a condition that causes diarrhea and bloating in children and adults, upon milk consumption. Cow milk products contain high amounts of saturated fat and cholesterol.
Moreover, plant-based products can minimize the risk of hypertension, stroke, and heart disease. The Journal of Nutrition in 2018 evaluated that a plant-based diet can reduce the risk of cancer. For instance, one cup of unsweetened soy milk contains 7 grams of protein, 4 grams of fat, 4 grams of carbohydrates, and 80-100 calories. Soy milk has no saturated fat, cholesterol, and lactose.
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Fastest-Growing Source: Almond
The popularity of almonds is accredited to their health benefits and versatility. They are a good source of protein among the existing healthy foods. Their regular consumption can lower the risk of heart disease by reducing blood levels of LDL cholesterol. Almond milk is plant milk with a nutty flavor and creamy texture. It is consumed by vegans and those who are lactose-intolerant. Commercial almond milk is available in vanilla and chocolate, unsweetened, and sweetened flavors, supplemented by micronutrients.

Fastest-Growing Region: Asia-Pacific
The Asia-Pacific region has a dense population, of which, almost 36% are already consuming low- or no-meat diets. Plant-based meats have become more meat-like in texture and appearance. These were developed to appeal to mainstream meat-eaters. The region is also becoming a growing market for flexitarian dieters, who substitute meat with plant-based protein from time to time. Moreover, the pandemic has surged the interest in such alternatives, amid the growing importance of wellness and health.
Well-established players are acquiring smaller companies to expand their portfolios. This results in product differentiation, thereby increasing the competition. Some of the main players in the market include Danone SA, Impossible Foods, Blue Diamond Growers, Maple Leaf Foods, The Hain Celestial Group Inc, Beyond Meat Inc, etc.

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GLOBAL MEAT SUBSTITUTE MARKET
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