Global Plant-Based Food Market Witnesses Exponential Growth, Expected to Reach US$ 95.52 Billion by 2029

14.09.2023 : Plant-Based Food Market Report Scope and Research Methodology

This comprehensive report provides valuable insights into the Plant-Based Food Market, forecasting a substantial growth trajectory with an anticipated valuation of US$ 95.52 billion by 2029. The report encompasses crucial elements including market drivers, restraints, research methodology, and regional insights, offering vital information for industry stakeholders.

A robust research methodology was employed, combining data from primary and secondary sources. Extensive interviews with key industry figures ensured impartial insights. The collected data was then synthesized to offer a comprehensive perspective on the Plant-Based Food Market.

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What are Plant-Based Food Market Dynamics?

Market Drivers:

Rising Adoption of Plant-Based Diets: The increasing trend towards plant-based diets is a significant driver, with more individuals opting for plant-based foods due to health and environmental concerns.

Technological Advancements: Technological advancements in plant-based alternatives, such as soy, nuts, and peas, are contributing to the market's growth. These innovations are reducing the use of plastics and offering sustainable alternatives.

Market Restraints:

Potential Health Concerns: While plant-based meat products are nutritious, some consumers may experience adverse effects. For example, soy contains anti-nutritional components that may lead to allergies, and gluten-intolerant individuals may face issues with certain plant-based options.
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What is Plant-Based Food Market Segmentation?

By Kind, The market for plant-based foods is anticipated to be dominated by the sector of dairy substitutes. The market for dairy substitutes is divided into categories including milk, cheese, yogurt, butter, ice cream, creamer, and others. The dairy alternatives market is anticipated to be dominated by the milk segment in 2021. Soy milk, Quinoa milk, Coconut milk, Cow's milk, Multigrain Milk, and Hemp Milk are the different types of milk. Dairy milk is a very popular source of dietary calcium as well as a rich source of protein. These nutrients can be found in many different plant-based diets.

1 Global Plant-Based Food Market, by Type (2021-2029)
• Dairy Substitute
• Meat Substitute
• Egg Substitute
• Seafood Substitute
• Others

2 Global Plant-Based Food Market, by Source (2021-2029)
• Soybean
• Nuts
• Wheat
• Pea
• Others

3Global Plant-Based Food Market, by Distribution Channel (2021-2029)
• Food retail
• Food services
• E-commerce

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Who are Plant-Based Food Market Key Players?

• Beyond Meat (US)
• Kellogg Company (US)
• Impossible Foods Inc. (US)
• Maple Leaf Foods (Canada)
• Unilever (UK)
• Conagra Foods (US)
• Tofurky (US)
• Gold&Green Foods Ltd (Finland)
• Sunfed (New Zealand)
• Monde Nissin (Philippines)
• Planterra Foods (US)
• FazendoFuturo (Brazil)
• Alpha Foods (US)
• Tomorrow Foods (Argentina)
• Before the Butcher (US)
• Good Dot (India)
• VBites Foods Ltd. (UK)
• No Evil Foods (US)
• Vezlay Foods (India)
• Let's Plant Meat (Thailand)

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Table of content for the Plant-Based Food Market includes:

Part 01: Executive Summary

Part 02: Scope of the Plant-Based Food Market Report

Part 03: Global Plant-Based Food Market Landscape

Part 04: Global Plant-Based Food Market Sizing

Part 05: Global Plant-Based Food Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America Leads the Way: North America dominated the Plant-Based Food Market, accounting for a significant share of 37.49 billion USD in 2021. Factors such as high health consciousness, substantial Research and Development investments, and a well-established food sector have propelled the region's growth.

Asia-Pacific Shows Strong Potential: Asia-Pacific displayed the second-largest market share, indicating substantial growth potential in the future. The region benefits from technological innovation, collaborations between international and domestic food companies, and increasing R&D investments by governments.

China's Emerging Role: China is set to drive industry growth, with vegetarian alternatives gaining popularity. Factors such as a large middle-class population, rising income levels, and a growing awareness of the benefits of protein-rich diets are contributing to this trend.

Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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