Plant-Based Food and Beverage Market Growth, Trends, and Forecast 2024-2030

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Plant-Based Food and Beverage Market Growth, Trends, and Forecast 2024-2030

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sswadekar 26 Jul 2024

Plant-Based Food and Beverage Market size was valued at USD 65.44 Billion in 2023 and the Plant-Based Food and Beverage Market revenue is expected to reach USD 132.81 Billion by 2030, at a CAGR of 10.64% over the forecast period.

Plant-Based Food and Beverage Market Growth or Demand Increase or Decrease for what contains ?

Products that come from plants instead of animals are known as plant-based foods and drinks. Nuts, seeds, grains, legumes, fruits, and vegetables are usually used to make these goods. These cover a broad spectrum of products, including plant-based snacks and prepared foods, plant-based yoghurts, cheeses, and other dairy substitutes, and plant-based meat substitutes like tofu, tempeh, seitan, and veggie burgers. Health advantages, environmental concerns, and animal welfare issues are just a few of the factors contributing to the growing popularity of plant-based diets. For a variety of reasons, including eating less carbon dioxide and being healthier, or just because they like the taste and diversity of plant-based meals, more individuals are choosing to include more plant-based foods in their diets.

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Plant-Based Food and Beverage Market CAGR Estimation:

Oil Market Segmentation:

by Type
Plant-Based Milk Alternatives
Almond milk
Soy milk
Oat milk
Coconut milk
Rice milk
Plant-Based Meat Substitutes
Tofu
Tempeh
Seitan
Others
Others

The market is divided into Plant-Based Meat Substitutes, Plant-Based Milk Alternatives, and Others based on Type. Throughout the course of the forecast period, the plant-based Milk Alternatives category is anticipated to maintain its dominant market share in the Plant-Based Food and Beverage market. It led the market in 2023. Non-dairy substitutes for conventional cow's milk are offered in the Plant-Based Milk Alternatives sector of the Plant-Based Food and Beverage business. A number of causes, including the surge in plant-based diets, environmental concerns, dairy allergies, and lactose intolerance, have contributed to the tremendous growth of this market in recent years. The nutritional value of plant-based milk substitutes varies based on the plant source and any fortification that plant-based food and beverage producers add.

by Distribution Channel
Retail Stores
E-commerce
Foodservice

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Plant-Based Food and Beverage Market Growth or Demand in which regions?

The Plant-Based Food and Beverage market is witnessing robust growth across various regions globally. In North America and Europe, the market is expanding rapidly due to strong governmental support for renewable energy, stringent environmental regulations, and growing consumer awareness about sustainability. In the Asia-Pacific region, countries like China and India are leading the charge, driven by rapid urbanization, a large population base, and substantial investments in renewable energy infrastructure. The Middle East and Africa are also experiencing increased demand, primarily due to abundant sunlight and initiatives to diversify energy sources beyond fossil fuels. Overall, while growth is widespread, regional dynamics vary based on local policies, economic conditions, and technological advancements.

Plant-Based Food and Beverage Market Scope Methodology:

The competitive landscape of the Plant-Based Food and Beverage market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Plant-Based Food and Beverage market. The report employed a bottom-up approach to ascertain Plant-Based Food and Beverage market estimations and growth rates.

To gain insights into Plant-Based Food and Beverage market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Plant-Based Food and Beverage market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Plant-Based Food and Beverage Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Plant-Based Food and Beverage Market.

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Plant-Based Food and Beverage Market Key Players:

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.

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Key questions answered in the Plant-Based Food and Beverage Market are:

What is Plant-Based Food and Beverage Market ?
What is the growth rate of the Plant-Based Food and Beverage Market ?
Which are the factors expected to drive the Plant-Based Food and Beverage Market market growth?
What are the different segments of the Plant-Based Food and Beverage Market ?
What are the factors restraining the growth of the Plant-Based Food and Beverage Market ?
What is the demand pattern of the Plant-Based Food and Beverage Market ?
What major challenges could the Plant-Based Food and Beverage Market face in the future?

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Key Offerings:

Past Size and Competitive Landscape
Past Pricing and price curve by region
Size, Share, Size Forecast by different segment
Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
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

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