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Global Market Insights on Plant-Based Foods (2019-2026)

Global Market Insights on Plant-Based Foods (2019-2026)

Emphasis on Product (Plant-Based Milk, Plant-Based Meat, Plant-Based Creamer, Plant-Based Cheese, Plant-Based Yogurt, Plant-Based Butter and Other Plant-Based Products), Application (Supplements & Nutritional Powders, Beverages, Bakery & Snacks, Breakfast Meals, Infant Nutrition and Other Applications), Sources (Almond, Soy, Pea, and Other Sources) and Region/Country

$ 3500
$4900
$6860

Published: Oct-2020

Pages:190

Table:147

Figure:62

Report ID:UMCG20187

The Plant-Based Food market stood at US$ 23 billion in 2019 and is expected to grow at a CAGR of 14.87% during the forecast period 2021-2026. The global meat and dairy sector are currently going through an unprecedented level of competition and disruption, driven by the growth of viable plant-based alternatives across many categories. People are reducing or eliminating animal products from their diet for a variety of reasons. Some want to cut back on cholesterol, others may be concerned about animal welfare, and some tend to worry about the effect of animal agriculture on the environment. Whatever the reason may be, consumers globally are shifting to a plant-based food diet. There is a seismic shift occurring in eating habits, creating a significant market opportunity for plant-based foods. Most important, many kinds of research reveal that for consumers, consuming plant-based foods has moved beyond experimentation into a permanent change brought on by health, lifestyle, and social factors. Thus, following are market dynamics that discuss the plant-based food product aspects in the market.

Plant-based foods product categories are in the beginning stages of the explosive growth. For example, retail sales of plant-based creamer, plant-based cheese, and plant-based cheese, all these categories have witnessed a significant growth in the past year. Due to the alignment of market factors between these emerging categories and the historic trajectory of the plant-based foods sector, one could expect to see these other plant-based dairy categories, as well as plant-based milk and meat, reach similar levels of ubiquity in the coming years.

Climate change is recognized as a significant public health issue that will impact on food security. One of the major contributors to global warming is the livestock industry, and, relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. Promoting increased consumption of plant-based foods is a recommended strategy to reduce human impact on the environment and is also now recognized as a potential strategy to reduce the high rates of some chronic diseases such as cardiovascular disease and certain cancers.

Consumer Trends Leading to Adoption of Plant-Based Food

Tofurky, Quorn foods Inc., Amy’s kitchen, Archer Daniel’s Midland, Claudron Foods, Morning Star Farms, Sweet Earth Foods, Impossible Foods, Maple Leaf food and Beyond Burgers are some of the prominent players operating in the plant-based foods market. These companies have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the growing plant-based food market.

Insights Presented in the Report

 “Amongst Product, Plant-Based Milk segment holds the major share”

Based on product type, the market is fragmented into Plant-Based Milk, Plant-Based Meat, Plant-Based Creamer, Plant-Based Cheese, Plant-Based Yogurt, Plant-Based Butter and Other Plant-Based Products. Plant-Based Milk dominated the market with a share of 40.5% in 2019. Plant-based milk are produced from plants such as almond milk, soy milk and coconut milk, is an alternative to dairy milk. For those with lactose intolerance or such medical conditions, they generally prefer plant-based milk, but some those still prefer this for reasons of lifestyle or improved living standards. Plant-based milk products are full of nutrients such as protein, fat, carbohydrates, and vitamins etc. Around 30-50 million people are lactose-intolerant in the U.S., according to the National Institute of Children's Health & Human Development.

“Amongst Application, Oncology is expected to dominate the market during the analyzed period”

Based on the application, the global plant-based food market is segmented Beverages, Bakery and Snacks, Breakfast Meals, Infant nutrition, and other applications. In 2019, beverages dominated the market with almost 50% share, however, increasing demand for plant-based meat would lead an increasing market of bakery and snacks segment during the forecast period.  Traditional baked goods rely heavily on butter, eggs, and cream. Roughly 387 million people are living with diabetes, and according to the International Diabetes Federation, the number is expected to increase to nearly 600 million by 2035. Studies claim a whole-food, plant-based diet can prevent and even reverse a litany of food and lifestyle-borne illnesses, including heart disease and type 2 diabetes.

“Amongst Sources, Soy is expected to dominate the market during the analyzed period”

Based on the source, the Plant-Based Food market is segmented into Soy, Almond, Pea, and other sources. In 2019, Soy dominated the source segment, generating revenue of US$ 12.2 billion. The segment is expected to grow at a CAGR of 12.21% during the forecast period by 2026. Soy is the most common source for plant-based foods product and beverage formulations globally as it contains all eight essential amino acids.

“Europe represents one of the largest markets of plant-based foods market”

For a better understanding on the market dynamics of the plant-based foods market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, Mexico, and Rest of North America), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC) and rest of the world has been conducted. Europe generated revenue of US$ 10 billion in 2019 and is expected to grow at a CAGR of 13.86% over the analyzed period.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

Plant-Based Foods Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

  1 MARKET INTRODUCTION            
    1.1 Market Definition          
    1.2 The objective of the Study        
    1.3 Limitation          
    1.4 Stakeholders          
    1.5 Currency used in the Report        
    1.6 Scope of the Plant-Based Food Market Study    
  2 RESEARCH METHODOLOGY            
    2.1 Research Methodology for Plant-Based Food Market Study  
      2.1.1 The main objective of the Plant-Based Food Market Study
  3 REGULATORY FRAMEWORK            
    3.1 General Overview          
      3.1.1 North America Regulatory Framework for Plant-Based Food
      3.1.2 Europe Regulatory Framework for Plant-Based Food
      3.1.3 APAC Regulatory Framework for Plant-Based Food  
      3.1.4 Rest of the World Regulatory Framework for Plant-Based Food
  4 INDUSTRY PERFORMANCE            
  5 EXECUTIVE SUMMARY              
  6 MARKET OVERVIEW              
    6.1 Introduction          
    6.2 Market Dynamics          
      6.2.1 Market Drivers        
        6.2.1.1 Increasing Purchasing Power of Consumers
        6.2.1.2 Significant Media Coverage and Smartphones Penetration
        6.2.1.3 Rising Consumer Awareness and Health-conscious Consumer
        6.2.1.4 Environmental Impact of Dairy and Meat Products
        6.2.1.5 Widening the range of ingredients and flavours
        6.2.1.6 Increased Support for branded Plant-Based food from Supermarkets
      6.2.2 Major Trend in the Plant-Based Food Market  
        6.2.2.1 Use of Avocado      
        6.2.2.1 Vegan Cheese      
        6.2.2.2 Faux Meat      
        6.2.2.3 Fermented Foods      
      6.2.3 Case Study 1- Positives of Plant-Based Diet  
        6.2.3.1 Some other Trends witnessed in the Food & Beverage Industry
          6.2.3.1.1 Established industry players revising their strategy
          6.2.3.1.2 Direct to Consumer Business Model (D2C)
      6.2.4 Market Restraints        
        6.2.4.1 Impact of changing weather conditions plantation
        6.2.4.2 Consumers shift from the Traditional Taste of Dairy and Meat Product
        6.2.4.3 Significant Preference for Animal Based Protein
      6.2.5 Opportunity        
        6.2.5.1 Increasing Demand for Natural and Organic Products
          6.2.5.1.1 Organic Agriculture: Key Indicators and Top Countries, 2015
        6.2.5.2 Increasing Ethical Consumerism  
        6.2.5.3 Increasing Innovation in Food Industry  
  7 PLANT-BASED FOOD AND ENVIRONMENT          
    7.1 General Overview          
    7.2 Livestock and Environmental Impact      
    7.3 Benefits of Plant-Based Products over Livestock Products  
      7.3.1 Comparison of impact of Plant-based meat and Animal-based meat
      7.3.1 Case Study 2- Antimicrobial Use in Food Animals Represents A Systemic Risk
    7.4 Plant-Based Diets and Human Health      
      7.4.1 Pictorial representation of the changing face of the world
    7.5 Regional Variations- Meat Eating Trends      
      7.5.1 Country wise Key Statistic on Plant-Based Diet, recent available
    7.6 Plant-Based Meats Trend- Role of Food Manufacturers  
      7.6.1 Impossible Foods        
      7.6.2 Tyson Foods        
      7.6.3 Kraft Foods        
      7.6.4 Nestle          
  8 KEY MARKET INDICATORS            
    8.1 Demand Side Analysis        
    8.2 Supply Side Analysis        
      8.2.1 Top Winning Strategies      
        8.2.1.1 Top Product launches    
        8.2.1.2 Top Investments      
        8.2.1.3 Top Acquisition and Collaborations  
    8.3 Value Chain Analysis        
      8.3.1 Value Chains for Plant-based food: Examples in Action
      8.3.2 Case Study 2- Impossible Foods    
      8.3.3 Case Study 3- Papa John's Pizza    
  9 MARKET INSIGHTS, BY PRODUCT            
    9.1 General Overview          
      9.1.1 Plant-Based Milk        
      9.1.2 Plant-Based Meat Substitutes      
      9.1.3 Plant-Based Creamer      
      9.1.4 Plant-Based Cheese        
      9.1.5 Plant-Based Yogurt        
      9.1.6 Plant-Based Butter        
      9.1.7 Plant-Based Other Products      
  10 MARKET INSIGHTS BY APPLICATION          
    10.1 General Overview          
      10.1.1 Plant-Based Supplements and Nutritional Powders  
      10.1.2 Plant-Based Beverages      
      10.1.3 Plant-Based Bakery and Snacks    
      10.1.4 Plant-Based Breakfast and Cereals    
      10.1.5 Plant-Based Infant Nutrition      
        10.1.5.1 Key Facts on Plant-Based Infant Nutrition
      10.1.6 Other Plant-Based Food      
  11 MARKET INSIGHTS BY SOURCE            
    11.1 General Overview          
      11.1.1 Soy          
      11.1.2 Almond          
      11.1.3 Pea          
      11.1.4 Others          
  12 MARKET INSIGHTS BY REGION            
    12.1 General Overview          
    12.2 North America Plant-Based Food Market      
      12.2.1 North America Plant-Based Food Market, by Product
      12.2.2 North America Plant-Based Food Market, by Application
      12.2.3 North America Plant-Based Food Market, by Source  
      12.2.4 North America Plant-Based Food Market, by Country
        12.2.4.1 United States Plant-Based Food Market  
          12.2.4.1.1 US Plant-Based Food Market, by Product
          12.2.4.1.2 US Plant-Based Food Market, by Application
          12.2.4.1.3 US Plant-Based Food Market, by Source
        12.2.4.2 Canada Plant-Based Food Market  
          12.2.4.2.1 Canada Plant-Based Food Market, by Product
          12.2.4.2.2 Canada Plant-Based Food Market, by Application
          12.2.4.2.3 Canada Plant-Based Food Market, by Source
        12.2.4.3 Mexico Plant-Based Food Market  
          12.2.4.3.1 Mexico Plant-Based Food Market, by Product
          12.2.4.3.2 Mexico Plant-Based Food Market, by Application
          12.2.4.3.3 Mexico Plant-Based Food Market, by Source
        12.2.4.4 Rest of North America Plant-Based Food Market
          12.2.4.4.1 Rest of NA Plant-Based Food Market, by Product
          12.2.4.4.2 Rest of NA Plant-Based Food Market, by Application
          12.2.4.4.3 Rest of NA Plant-Based Food Market, by Source
    12.3 European Plant-Based Food Market      
      12.3.1 Europe Plant-Based Food Market, by Product  
      12.3.2 Europe Plant-Based Food Market, by Application  
      12.3.3 Europe Plant-Based Food Market, by Source  
      12.3.4 Europe Plant-Based Food Market, by Country  
        12.3.4.1 Germany Plant-Based Food Market  
          12.3.4.1.1 Germany Plant-Based Food Market, by Product
          12.3.4.1.2 Germany Plant-Based Food Market, by Application
          12.3.4.1.3 Germany Plant-Based Food Market, by Source
        12.3.4.2 UK Plant-Based Food Market    
          12.3.4.2.1 Case Study 4- Royal Blackburn Teaching Hospital, United Kingdom
          12.3.4.2.2 UK Plant-Based Food Market, by Product
          12.3.4.2.3 UK Plant-Based Food Market, by Application
          12.3.4.2.4 UK Plant-Based Food Market, by Source
        12.3.4.3 France Plant-Based Food Market  
          12.3.4.3.1 France Plant-Based Food Market, by Product
          12.3.4.3.2 France Plant-Based Food Market, by Application
          12.3.4.3.3 France Plant-Based Food Market, by Source
        12.3.4.4 Rest of Europe Plant-Based Food Market  
          12.3.4.4.1 Rest of EU Plant-Based Food Market, by Product
          12.3.4.4.2 Rest of EU Plant-Based Food Market, by Application
          12.3.4.4.3 Rest of EU Plant-Based Food Market, by Source
    12.4 Asia-Pacific Plant-Based Food Market      
      12.4.1 Key Facts on Asia-Pacific Plant-Based Food Market  
      12.4.2 Asia-Pacific Plant-Based Food Market, by Product  
      12.4.3 Asia-Pacific Plant-Based Food Market, by Application
      12.4.4 Asia-Pacific Plant-Based Food Market, by Source  
      12.4.5 Asia-Pacific Plant-Based Food Market, by Country  
        12.4.5.1 China Plant-Based Food Market  
          12.4.5.1.1 China Plant-Based Food Market, by Product
          12.4.5.1.2 China Plant-Based Food Market, by Application
          12.4.5.1.3 China Plant-Based Food Market, by Source
        12.4.5.2 Japan Plant-Based Food Market  
          12.4.5.2.1 Japan Plant-Based Food Market, by Product
          12.4.5.2.2 Japan Plant-Based Food Market, by Application
          12.4.5.2.3 Japan Plant-Based Food Market, by Source
        12.4.5.3 India Plant-Based Food Market  
          12.4.5.3.1 India Plant-Based Food Market, by Product
          12.4.5.3.2 India Plant-Based Food Market, by Application
          12.4.5.3.3 India Plant-Based Food Market, by Source
        12.4.5.4 Australia Plant-Based Food Market  
          12.4.5.4.1 Australia Plant-Based Food Market, by Product
          12.4.5.4.2 Australia Plant-Based Food Market, by Application
          12.4.5.4.3 Australia Plant-Based Food Market, by Source
        12.4.5.5 Rest of Asia-Pacific Plant-Based Food Market
          12.4.5.5.1 Rest of APAC Plant-Based Food Market, by Product
          12.4.5.5.2 Rest of APAC Plant-Based Food Market, by Application
          12.4.5.5.3 Rest of APAC Plant-Based Food Market, by Source
    12.5 Rest of the World Plant-Based Food Market (2019-26)  
      12.5.1 ROW Plant-Based Food Market, by Product  
      12.5.2 ROW Plant-Based Food Market, by Application  
      12.5.3 ROW Plant-Based Food Market, by Source  
  13 COMPETITIVE SCENARIO            
    13.1 Porter's Five Forces Analysis        
      13.1.1 Bargaining power of Buyer      
      13.1.2 Bargaining power of Supplier      
      13.1.3 Threat of new entrants      
      13.1.4 Availability of Substitute      
      13.1.5 Industry Rivalry        
    13.2 Plant-Based Food Market Share Analysis, 2019    
  14 TOP COMPANY PROFILES            
    14.1 SWEET EARTH FOODS        
      14.1.1 Key Facts          
      14.1.2 Business Description      
      14.1.3 Key Product/Services Offerings    
      14.1.4 Growth Strategy        
      14.1.5 SWOT Analysis        
      14.1.6 Recent Developments      
        14.1.6.1 Product launches      
        14.1.6.2 Sweet Earth Foods Business Expansions and Investment
        14.1.6.3 Mergers and Acquisitions    
    14.2 Quorn Foods          
    14.3 Amy's Kitchen, Inc          
    14.4 Archer Daniel's Midland        
    14.5 Cauldron Foods          
    14.6 Morning Star Farms          
    14.7 Beyond Meat Company        
    14.8 Impossible Food, Ltd.        
    14.9 Maple Leaf Food          
    14.10 Tofurky            

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Plant-Based Foods Market were the three major steps undertaken to create and analyze the adoption of Plant-Based Foods across various applications in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the plant-based foods sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Plant-Based Foods through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Plant-Based Foods Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as Product, application, and source. Further country level analyses were conducted to evaluate the overall adoption of the Plant-Based Foods in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of plant-based foods. Further, we conducted factor analysis using dependent and independent variables such as increasing purchasing power of consumers, rising consumer awareness and health-conscious consumer, environmental impact of dairy and meat products, increased support for branded plant based food from supermarkets and widening range of ingredients and flavors among others. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, product launches, and analyzing the list of start-ups in the plant-based foods sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the plant-based foods market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach were applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of plant-based foods across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the plant-based foods market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the plant-based foods market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of plant-based foods of the plant-based foods market.

The main objective of the Plant-Based Foods Market Study

The current & future market trends of plant-based foods were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of plant-based foods in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, application, and source
  • Define and analysis of the regulatory framework for the plant-based foods sector
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the plant-based foods market for the major region
  • Major regions studied in the report include North America (the U.S., Canada, Mexico and Rest of North America), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Australia, and Rest of Asia-Pacific), and rest of the world
  • Company profiles of major players, and the growth strategies adopted by them to sustain in the fast-growing market Deep dive regional level analysis of the industry

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Plant-Based Foods Market were the three major steps undertaken to create and analyze the adoption of Plant-Based Foods across various applications in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the plant-based foods sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Plant-Based Foods through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Plant-Based Foods Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as Product, application, and source. Further country level analyses were conducted to evaluate the overall adoption of the Plant-Based Foods in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of plant-based foods. Further, we conducted factor analysis using dependent and independent variables such as increasing purchasing power of consumers, rising consumer awareness and health-conscious consumer, environmental impact of dairy and meat products, increased support for branded plant based food from supermarkets and widening range of ingredients and flavors among others. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, product launches, and analyzing the list of start-ups in the plant-based foods sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the plant-based foods market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach were applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of plant-based foods across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the plant-based foods market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the plant-based foods market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of plant-based foods of the plant-based foods market.

The main objective of the Plant-Based Foods Market Study

The current & future market trends of plant-based foods were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of plant-based foods in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, application, and source
  • Define and analysis of the regulatory framework for the plant-based foods sector
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the plant-based foods market for the major region
  • Major regions studied in the report include North America (the U.S., Canada, Mexico and Rest of North America), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Australia, and Rest of Asia-Pacific), and rest of the world
  • Company profiles of major players, and the growth strategies adopted by them to sustain in the fast-growing market Deep dive regional level analysis of the industry

Global Market Insights on Plant-Based Foods (2019-2026)