Plant-Based Foods: Rise in Health Consciousness Among the Consumers

Plant-based food refers to foods consisting of or wholly derived from plant-based ingredients such as fruits, vegetables, legumes, nuts, grains, and others. They do not contain any animal-based ingredients in them and are thus preferred by consumers adopting a vegetarian or vegan diet. The increasing lactose intolerance among the population worldwide leads to an increased demand for non-dairy products. It has increased the sales of plant-based milk and derivatives. Moreover, the growing consumer preference for a vegan and vegetarian diet drives the growth of the global plant-based food market.

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MARKET DYNAMICS
The plant-based food market has witnessed significant growth due to rise in health consciousness among the consumers towards healthy eating habits. Moreover, increased number of consumers are switching to plant-based diets for many reasons, including protecting animals provides a huge market opportunity for the key players operating in the plant-based food market. However, the poor sensory properties and allergies associated with certain plant protein sources is projected to hamper the overall growth of the plant-based food market in the forecast period.

MARKET SCOPE
The "Global Plant-Based Food Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plant-based food market with detailed market segmentation type, category, distribution channel, and geography. The global plant-based food market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant-based food market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global plant-based food market is segmented on the basis of type, category and distribution channel. On the basis of type, the global plant-based food market is divided into plant-based milk & derivatives, bakery & confectionery, sweet & savory snacks, plant-based beverages, and others. On the basis of category, the global plant-based food market is divided into organic and conventional. On the basis of distribution channel, the global plant-based food market is divided into hypermarkets and supermarket, specialty stores, online retail, and others.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative intype, categoryation. It provides an overview and forecast of the global plant-based food market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plant-based food market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the plant-based food market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plant-based food market in these regions.

MARKET PLAYERS
The reports cover key developments in the plant-based food market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type, category launches, type, category approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from plant-based food market is anticipated to lucrative growth opportunities in the future with the rising demand for plant-based food in the global market. Below mentioned is the list of few companies engaged in the plant-based food market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based food market. In addition, the report focuses on leading industry players with intype, categoryation such as company profiles, components, and services offered, financial intype, categoryation of the last 3 years, the key development in the past five years.

Amy's Kitchen
Clara Foods
Danone S.A.
Del Monte Fresh Produce N.A., Inc.
General Mills Inc.
Keystone Natural Holdings
Nestle SA
Premier Foods PLC
The Hain Celestial Group, Inc.
Tyson Foods, Inc.
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