Plant-Based Food & Beverage Market: Nourishing Health and Sustainability in the Growing World of Plant-Powered Choices (2023-2029)

Plant-Based Food Market Blooms with Projected Surge to US$ 95.52 Billion by 2029

A Global Shift Towards Plant-Based Diets Accelerates Market Growth

In a groundbreaking revelation, the Plant-Based Food Market, valued at US$ 37.49 billion in 2021, is expected to witness a substantial upswing, reaching an impressive US$ 95.52 billion by 2029. This surge, projecting a remarkable growth rate of 12.4% through the forecast period of 2022 to 2029, is propelled by a seismic shift in dietary habits globally, with an increasing number of consumers adopting plant-based alternatives.

Summarize Market Report: Compile a Comprehensive Overview

The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report gives insights about the market to help clients understand the demand for their product in the future with the emerging trends in the Plant-Based Food industry. The Plant-Based Food Market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.

To learn more about the findings of this research, please check: https://www.maximizemarketresearch.com/market-report/plant-based-food-beverage-market/111733/

Scope And Method Insight: Uncover Plant-Based Food Market Parameters and Research Approach

The report encompasses the latest revenue and market trends within the Plant-Based Food Market. It offers an overview, definition, and structural insights into the Plant-Based Food Market, along with measures for preventive and pre-planned management. The report takes a focused approach towards the key influencing factors of the Plant-Based Food Market, encompassing aspects like gross margin, costs, market share, capacity utilization, and supply. Furthermore, it aids in gauging the prospective growth of the Plant-Based Food Market in the upcoming years.

In terms of understanding the market landscape, the report provides insights into the market's size and share. These estimations furnish valuable upfront data and statistics, rendering the report an indispensable guide for individuals involved in decision-making processes within the Plant-Based Food Market. Additionally, the report meticulously scrutinizes top players in the Plant-Based Food Market, evaluating their size, market share, growth, revenue, production volume, and profitability. This research also unveils the growth strategies deployed by key players, including the utilization of strategic alliances and new product innovation. Moreover, the report facilitates an understanding of competitor pricing strategies within the Plant-Based Food Market.

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Divide Plant-Based Food Market Insight: Uncover Strategic Segmentation Analysis

by Type

• Dairy Substitute
• Meat Substitute
• Egg Substitute
• Seafood Substitute
• Others

Sorted by The market for plant-based foods is anticipated to be dominated by the dairy substitutes category. The market for dairy substitutes is divided into categories such as ice cream, yoghurt, cheese, butter, milk, and others. The market for dairy substitutes is anticipated to be dominated by the milk category in 2021. There are several types of milk: hemp milk, soy milk, coconut milk, quinoa milk, cow's milk, and multigrain milk. In addition to being a common source of dietary calcium, dairy milk is a rich source of protein. These nutrients are present in a lot of other plant-based diets.

by Source

• Soybean
• Nuts
• Wheat
• Pea
• Others

According to Source type, the market for plant-based foods is anticipated to be dominated by the soy segment. In addition to offering significant health advantages, soy products can provide essential nutrition to plant-based diets like flexitarian, vegetarian, and vegan diets. Iron, calcium, potassium, fibre, and essential fats can all be found in them in significant amounts. Soy foods offer more than just a diverse range of nutrients; they also contain dietary components like flavones, which are present in very small amounts in other plant foods.

by distribution channel

• Food retail
• Food services
• E-commerce

The retail seal of plant-based food is twice as quick as the overall food seal when it comes to distribution channels. Retail seal plant-based food is expected to grow 6.2% in 2021 over a record-breaking year of growth in 2020, according to recent data from the Plant-Based Food Association and Good Food Institute. the increase in plant-based diets because of their benefits to global and individual health. By partnering with brands throughout the entire store, retailers and foodservice providers are meeting consumers where they are, creating more space, offering a wider selection, and making it simpler than ever to locate and buy plant-based foods.

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Key Player Insight: Explore Dominant Contributors in the Market

• 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)

Plant-Based Food Market: Explore Regional Dynamics Through Geographic Market Trends

The report has been segmented into many key countries, including market size, CAGR, import and export of Plant-Based Food Market in the different countries mentioned in the report. The regions and their countries studied are: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC), South America (Brazil), Middle East and Africa.

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