Plant-Based Food Market Latest Research Report: Exploring Growth Drivers and Overcoming Challenges | Amy's Kitchen Inc., Atlantic Natural Foods LLC, Beyond Meat Inc

IMARC Group, a leading market research company, has recently releases report titled "Plant-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The global plant-based food market is expected to exhibit a growth rate (CAGR) of 12.11% during 2023-2028

Industry Overview:

Plant-based food encompasses food products primarily derived from plants, including fruits, vegetables, legumes, grains, nuts, and seeds. These items are sourced from non-animal origins and are utilized as substitutes for animal-based products. Plant-based diets prioritize the consumption of plant-based foods while reducing or excluding animal-derived items like meat, poultry, fish, dairy, and eggs. Additionally, plant-based foods play a pivotal role in promoting sustainable and environmentally conscious dietary choices.

The production of plant-based foods typically consumes fewer natural resources such as water and land, and contributes to lower greenhouse gas (GHG) emissions. Plant-based foods offer a diverse array of options and can be prepared and consumed in various formats. These options include whole, fresh, or frozen fruits and vegetables, as well as processed plant-based products like plant-based milk, tofu, tempeh, seitan, plant-based meat alternatives, plant-based cheeses, plant-based yogurts, and plant-based protein powders.

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Plant-Based Food Market Trends and Growth Drivers:

The global market is experiencing significant growth driven by an increasing awareness of health among consumers. This, coupled with a growing understanding of how diet affects both personal well-being and the environment, is a major catalyst for this expansion. Consumers are increasingly focused on improving their overall health, managing weight, reducing the risk of chronic diseases, and adopting more sustainable lifestyles.

Furthermore, the market is being propelled by the rising demand for healthier alternatives to animal-based products, which are known for their lower levels of saturated fats and cholesterol. Environmental sustainability concerns, including issues related to greenhouse gas emissions, deforestation, and water usage, are also driving this market. Ethical considerations and animal welfare concerns, as well as a rising number of consumers choosing plant-based options, are contributing factors.

Advancements in product development and innovation, particularly the introduction of plant-based alternatives closely replicating the taste, texture, and appearance of animal-based products like burgers, sausages, dairy-free milk, cheese, and ice cream, are attracting vegans, vegetarians, and flexitarians, further fueling market growth.

Additional factors supporting this positive market outlook include the ease of availability and accessibility of plant-based food options, celebrity endorsements, the growing influence of social media, changing lifestyles, rapid urbanization, and government initiatives such as dietary guidelines recommending increased consumption of plant-based foods.

Explore Full Report Description At: https://www.imarcgroup.com/plant-based-food-market

Who are the key players operating in the industry?

The report covers the major market players including: 

Plant-Based Food Companies: 

• Amy's Kitchen Inc.
• Atlantic Natural Foods LLC
• Beyond Meat Inc.
• Danone SA
• Garden Protein International Inc.
• Impossible Foods Inc.
• Lightlife Foods Inc.
• Nestle S.A.
• Tyson Foods Inc.
• Vbite Food Ltd.

Read Full Blog: https://www.imarcgroup.com/top-plant-based-food-companies

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Dairy Alternatives
• Meat Alternatives
• Egg Substitutes and Condiments
• Others

Breakup by Source:

• Soy
• Almond
• Wheat
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.