Press release
Global Plant-Based Food and Beverage Market to Surpass USD 132 Billion by 2030
The global plant-based food and beverage market is experiencing significant growth, with its size valued at USD 65.44 billion in 2023. It is projected to reach nearly USD 132.81 billion by 2030, reflecting a compound annual growth rate (CAGR) of 10.64% during the forecast period.This growth is driven by increasing health consciousness among consumers, environmental concerns, and a rising demand for sustainable and eco-friendly food alternatives. Plant-based diets are perceived as more environmentally sustainable than traditional animal-based diets, leading to a greater demand for plant-based foods and beverages.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/111733/
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ ๐ฎ๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
The plant-based food and beverage sector has witnessed a series of strategic mergers and acquisitions aimed at consolidating market positions and enhancing product offerings:
Tate & Lyle, a British company, agreed to acquire U.S.-based CP Kelco for $1.8 billion to enhance its specialty ingredients division and capitalize on the rising demand for plant-based products.
Rude Health, a UK-based plant-based milk maker, was acquired by Finland's Oddlygood, a food and drink company spun out of the Finnish dairy giant Valio.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's plant-based food and beverage market is poised for growth, driven by increasing health consciousness and a shift towards sustainable consumption. The government's initiatives to promote sustainable development have attracted companies seeking to establish a foothold in this emerging market.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is experiencing a rise in consumer demand for plant-based food and beverage solutions. The market is adapting by incorporating sustainable and eco-friendly products to meet environmental standards and consumer preferences.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's commitment to sustainability is evident in its food and beverage sector, with a focus on reducing meat consumption and increasing the adoption of plant-based alternatives. The market is evolving to align with global environmental goals.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is actively pursuing plant-based food and beverage innovations, driven by government regulations and consumer awareness. The market is witnessing investments in eco-friendly products and sustainable consumption practices.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's food and beverage industry is embracing sustainability through technological advancements and stringent environmental policies. The focus is on developing plant-based alternatives to cater to health-conscious consumers.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. market is undergoing significant consolidation, with major players acquiring plant-based brands to enhance their product portfolios. These strategic moves aim to meet the growing consumer demand for eco-friendly and health-conscious food and beverage options.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe continues to lead in plant-based food and beverage initiatives, with companies expanding their operations through strategic acquisitions to strengthen their market presence and sustainability credentials.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Plant-Based Milk Alternatives
Almond milk
Soy milk
Oat milk
Coconut milk
Rice milk
Plant-Based Meat Substitutes
Tofu
Tempeh
Seitan
Others
Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Retail Stores
E-commerce
Foodservice
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/111733/
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
North America:
1. Beyond Meat, Inc. - El Segundo, California, United States.
2. Impossible Foods Inc. - Redwood City, California, United States.
3. Danone North America - White Plains, New York, United States.
4. Califia Farms - Los Angeles, California, United States.
5. Daiya Foods Inc. - Vancouver, British Columbia, Canada.
6. Ripple Foods - Emeryville, California, United States.
7. Gardein - Richmond, British Columbia, Canada.
8. Oatly AB - Malmo, Sweden (with significant operations in North America).
9. Tofurky - Hood River, Oregon, United States.
10. Sweet Earth Foods - Moss Landing, California, United States.
Europe
11. Quorn Foods - Stokesley, North Yorkshire, United Kingdom.
12. Violife - Thessaloniki, Greece.
13. Alpro - Ghent, Belgium
14. The Vegetarian Butcher - Breda, Netherlands
15. Plenish - London, United Kingdom.
16. Veganz - Berlin, Germany.
17. Wicked Healthy - London, United Kingdom.
18. Naturli' Foods - Copenhagen, Denmark.
19. Moving Mountains - London, United Kingdom.
20. Vivera - Holten, Netherlands.
Asia-Pacific:
21. Nutritional Holdings Limited - Gold Coast, Queensland, Australia.
22. Sanitarium Health Food Company - Warburton, Victoria, Australia.
23. Nature's Charm - Bangkok, Thailand.
24. Sunfed Meats - Auckland, New Zealand.
25. OmniPork - Hong Kong.
26. Vitasoy International Holdings Limited - Hong Kong.
27. Green Common - Hong Kong.
28. Yum China Holdings, Inc. - Shanghai, China.
29. Cocowhip - Byron Bay, New South Wales, Australia.
30. Otsuka Holdings Co., Ltd. - Tokyo, Japan.
๐ ๐จ๐ซ ๐๐๐๐ฉ๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐๐ซ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/plant-based-food-beverage-market/111733/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Plant-Based Food & Beverage ?
What is the growth rate of the Plant-Based Food & Beverage Market?
What was the Plant-Based Food & Beverage Market size in 2023?
What are the upcoming opportunities and trends for the Plant-Based Food & Beverage Market?
What are the different segments of the Plant-Based Food & Beverage Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Plant-Based Food & Beverage Market?
What segments are covered in the Plant-Based Food & Beverage Market?
Which are the factors expected to drive the Plant-Based Food & Beverage Market growth?
What growth strategies are the players considering to increase their presence in Plant-Based Food & Beverage ?
Who are the leading companies and what are their portfolios in Plant-Based Food & Beverage Market?
Who are the key players in the Plant-Based Food & Beverage market?
What is the CAGR at which the Plant-Based Food & Beverage market will grow during the forecast period?
Interested to take a sneak peek? Request a sample copy of the report to see what's inside:https://www.maximizemarketresearch.com/request-sample/111733/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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