The Global Plant-based Food Market Report by Global Insight Services is the single and trusted source of information for the Plant-based Food Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
Plant-based foods are foods that come from plants. This includes fruits, vegetables, grains, nuts, and seeds. Plant-based foods are high in fiber, vitamins, and minerals. They are low in calories, fat, and sodium. Plant-based foods are a healthy choice for people of all ages.
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Key Trends
The key trends in plant-based food technology are the development of plant-based meat and dairy alternatives, as well as the use of plant-based ingredients in processed foods.
Processed foods are increasingly incorporating plant-based ingredients such as flours, oils, and protein powders. For example, Nestle SA has launched a plant-based version of its popular Maggi noodle product in India.
The trend towards plant-based food is being driven by consumer demand for healthier and more sustainable food options. Plant-based foods are generally lower in calories and fat than their animal-based counterparts, and they have a smaller environmental footprint.
Key Drivers
The key drivers of the plant-based food market are the growing awareness of the health benefits of plant-based diets, the increasing availability of plant-based products, and the growing number of people who are choosing to follow vegan or vegetarian diets.
The health benefits of plant-based diets are becoming increasingly well-known. Studies have shown that plant-based diets can lower the risk of heart disease, stroke, and certain types of cancer. They can also help to reduce cholesterol levels and blood pressure.
The availability of plant-based products has also increased in recent years. There are now a wide variety of plant-based meat, dairy, and egg alternatives available in supermarkets and health food stores.
The number of people following vegan or vegetarian diets is also on the rise. In the United States, the number of vegans has increased by 600% in the last three years.
all of these factors are leading to an increase in the demand for plant-based foods.
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Market Segments
The Plant-based Food Market is segmented on the basis of type, distribution channel, source, and region. On the basis of type, the plant-based food ingredients market is categorized into dairy alternatives, plant-based meat, meals, confectionery, beverages, egg substitutes, and seafood. On the basis of distribution channel, the market is segmented into B2B and B2C. On the basis of source, the market is classified into fruits, rice, nuts, soy, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Plant-based Food Market report includes players such as Amy’s Kitchen, Danone S.A., Atlantic Natural Foods LLC, Beyond Meat Inc., Garden Protein International Inc, Impossible Foods Inc, Lightlife Foods Inc (Maple Leaf Foods Inc.), Nestle S.A., Tyson Foods Inc and Vbite Food Ltd.
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