United States Plant-Based Food and Beverages Market is expected to reach US$ 38 billion by 2032 | Top Companies - Beyond Meat Inc., Danone, Conagra, Inc.

Market Size and Growth:

The Global Plant-Based Food and Beverages Market Size reached US$ 24.20 billion in 2023 and is expected to reach US$ 48.25 billion by 2031, growing with a CAGR of 9.01% during the forecast period 2024-2031. The Market is growing due to rising health consciousness, increasing vegan and vegetarian lifestyles, and strong consumer preference for sustainable and plant-based alternatives. According to DataM Intelligence Report.

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The Plant-Based Food and Beverages Market encompasses products derived from non-animal sources, including plant-based meat, dairy alternatives, snacks, and beverages. Driven by health-conscious consumers, environmental concerns, and ethical choices, the market focuses on providing nutritious, sustainable, and innovative alternatives to traditional animal-based products, catering to vegan, vegetarian, and flexitarian lifestyles worldwide.

Industry Recent Developments: United States

✅ October 2025: Beyond Meat launched next-generation plant-based protein products with improved taste, nutrition, and sustainability, backed by $40 million in R&D investment and production expansion.

✅ September 2025: Impossible Foods introduced new plant-based meat alternatives for retail and food service channels, supported by $35 million in technology and facility upgrades.

✅ August 2025: Kellogg's USA expanded its plant-based food portfolio with fortified snacks, dairy alternatives, and ready-to-eat meals, supported by $25 million in R&D and deployment funding.

Industry Recent Developments: Japan

✅ November 2025: AI technology is being rapidly adopted in Japan's plant-based food and beverage sector to drive product innovation, predictive trend analysis, and supply chain optimization within a changing regulatory landscape emphasizing transparency and safety.

✅ October 2025: Japan continues to see a steady rise in plant-based milk consumption including soy milk, almond, rice, and oat milk, driven by health-conscious consumers, an aging population with low-cholesterol and lactose-free dietary preferences, and government campaigns promoting reduced meat and dairy.

✅ September 2025: The Japan plant-based natural sweetener market has grown, with increasing use of stevia, monk fruit, and agave in beverages and processed foods driven by health and wellness awareness and a significant elderly population seeking low-sugar alternatives.

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Major Key Players:

Beyond Meat Inc.
Danone
Conagra, Inc.
Nestle
Tyson Foods, Inc.
Tofutti Brands, Inc.
Impossible Foods Inc.
Amy's Kitchen, Inc.
Kellogg NA Co.
Atlantic Natural Foods.

Market Growth Drivers:

✅ The rising trend of vegan, vegetarian, and flexitarian diets driven by health consciousness, environmental sustainability, and ethical concerns. More consumers are shifting away from animal-based diets toward plant-based alternatives globally.

✅ Increasing prevalence of lactose intolerance and food allergies encouraging consumers to choose non-dairy and allergen-free plant-based options such as almond, oat, and pea-based products.

✅ Growing awareness and concerns about environmental impact, animal welfare, and food safety are propelling demand for sustainable, organic, and clean-label plant-based foods and beverages.

Segments Covered in the Plant-Based Food and Beverages Market:

By Type: Plant-based Dairy, Meat Substitutes, Plant-Based Nutrition/Snack Bars, Plant-Based Bakery Products, Plant-Based Beverages, Others.

By Ingredient: Fruits, Seeds and Nuts, Vegetables, Grains, Legumes, Others.

By Distribution Channel: Business-to-Business (B2B), Business-to-Consumer (B2C), Others.

By End-User: Household Consumers, Food Service Industry, Others.

Regional Analysis for Plant-Based Food and Beverages Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Plant-Based Food and Beverages market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Plant-Based Food and Beverages Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Plant-Based Food and Beverages market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Plant-Based Food and Beverages Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Plant-Based Food and Beverages market?

➠ Who are the global key manufacturers of the Plant-Based Food and Beverages Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Plant-Based Food and Beverages market opportunities and threats faced by the vendors in the global Plant-Based Food and Beverages Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Plant-Based Food and Beverages market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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