Plant Based Food Market Overview

The report is titled as ‘Plant Based Food Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the plant based food market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The plant based food market is expected to grow at a significant rate in the near future.

In terms of value, the plant-based food market is expected to cross US$ 75 Bn by 2028, at a CAGR of 12.4% during the forecast period of 2020 to 2028.

Plant Based Food Market Definition

Plant-based foods are usually categorized into vegetables, fruits, seeds, nuts, legumes, and grains; and their obtained processed complements including breakfast cereals, fermented and cooked legumes and vegetables, breads, pasta, and fruit juices, purées, and jams; and further their resulting constituents such as oleaginous seed–derived herbs, sugars, oils, and some spices.

Plant-based foods may be consumed crude and raw, but majority of the time, they go through refinement and processing to make it more edible, secure, and more palatable, in particular grain-based foods.

Plant Based Food Market Dynamics

Plant-based foods are as delicious as regular foods or animal-based food. Plant-based foods are in trend owing to the rapid adoption of vegetarian or vegan diets by the population associated with the rising moral concerns of people in reference to animal butchery which is primarily estimated to offer a major thrust to the growth of the global plant-based food market in the forthcoming years.

By the same token, the increasing health consciousness among the population is also playing a positive role in the growth of the global plant based food market. Also, with the brisk elevation in the count of severe diseases such as obesity, diabetes, hypertension, acute cardiovascular diseases, people are getting more and more careful and specific about their regular diets, which is further accelerating the demand of plant based foods across the global markets. Owing to which, the global plant based foods market is projected to rise substantially over the forecast period. 

Plant Based Food Market Segmentation

The plant based food market is segmented on the basis of product type, source, distribution channel, and region.

By Product Type

Dairy Alternatives

Plant-Based Milk

Ice Cream

Creamer

Yogurt

Butter

Cheese

Others

Meat Substitute

Tofu

TVP

Tempeh

Seitan

Burger Patties

Sausages

Ground Meat

Meatballs

Nuggets

Crumbles

Others

Plant-based Eggs/Egg Substitute

Confectionery

Others

By Source

Soy Protein

Almond Protein

Wheat Protein

Pea Protein

Rice Protein

By Distribution Channel

Business to Business

Business to Customers

Modern Groceries

Convenience Store

Specialty Store

Online Retail

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Plant Based Food Market Key Players

The key participating players of the global plant based food market include Beyond Meat Inc., Impossible Foods Inc., Danone SA, Garden Protein International, Inc., Amy’s Kitchen Inc., Follow Your Heart, The Hain Celestial Group, Inc., Sahmyook Foods, Sanitarium Health and Wellbeing Company, Axiom Foods, Daiya Foods Inc., Earth's Own Food Company Inc., Lightlife Foods, Inc., Marlow Foods Ltd., Taifun –Tofu GmbH, Atlantic Natural Foods LLC, BIte Food Ltd, and Nutrisoy Pty Ltd. among others

MMC Overview on Plant Based Food Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Plant Based Food market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Plant Based Food

Advantages of Plant Based Food

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Plant Based Food Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Plant Based Food Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Plant Based Food Market Snapshot

2.4.    Global Plant Based Food Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Plant Based Food Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Plant Based Food Assessment and Analysis

3.1.    Plant Based Food Impact Analysis 

3.2.    Actions to encourage use of Plant Based Food

3.3.    Plant Based Food Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Plant Based Food Market

4.1.    Impact Analysis of Covid-19 on the global Plant Based Food market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Volatility In Price 

4.5.    Effect On The Overall Trade 

4.6.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Plant Based Food Market, By Product Type

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Product Type

5.1.2.    BPS Analysis, By Product Type

5.2.    Market Revenue (US$Mn) and Forecast, By Product Type

5.2.1.    Dairy Alternatives

5.2.1.1.    Plant-Based Milk

5.2.1.2.    Ice Cream

5.2.1.3.    Creamer

5.2.1.4.    Yogurt

5.2.1.5.    Butter

5.2.1.6.    Cheese

5.2.1.7.    Others

5.2.2.    Meat Substitutes

5.2.2.1.    Tofu

5.2.2.2.    TVP

5.2.2.3.    Tempeh

5.2.2.4.    Seitan

5.2.2.5.    Burger Patties

5.2.2.6.    Sausages

5.2.2.7.    Ground Meat

5.2.2.8.    Meatballs

5.2.2.9.    Nuggets

5.2.2.10.    Crumbles

5.2.2.11.    Others

5.2.3.    Plant-based Eggs/Egg Substitute

5.2.4.    Confectionery

5.2.5.    Others

5.3.    Global Plant Based Food Market Attractiveness Index, By Product Type

6.    Global Plant Based Food Market, By Source

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Source

6.1.2.    BPS Analysis, By Source

6.2.    Market Revenue (US$Mn) and Forecast, By Source

6.2.1.    Soy Protein

6.2.2.    Almond Protein

6.2.3.    Wheat Protein

6.2.4.    Pea Protein

6.2.5.    Rice Protein

6.3.    Global Plant Based Food Market Attractiveness Index, By Source

7.    Global Plant Based Food Market, By Distribution Channel

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Distribution Channel

7.1.2.    BPS Analysis, By Distribution Channel

7.2.    Market Revenue (US$Mn) and Forecast, By Distribution Channel

7.2.1.    Business to Business

7.2.2.    Business to Customers

7.2.2.1.    Modern Groceries

7.2.2.2.    Convenience Store

7.2.2.3.    Specialty Store

7.2.2.4.    Online Retail

7.2.2.5.    Others

7.3.    Global Plant Based Food Market Attractiveness Index, By Distribution Channel

8.    Global Plant Based Food Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Plant Based Food Market Attractiveness Index, By Region

9.    North America Plant Based Food Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Plant Based Food Market

9.2.2.    Canada Plant Based Food Market

9.3.    North America Plant Based Food Market, By Product Type

9.3.1.    Dairy Alternatives

9.3.1.1.    Plant-Based Milk

9.3.1.2.    Ice Cream

9.3.1.3.    Creamer

9.3.1.4.    Yogurt

9.3.1.5.    Butter

9.3.1.6.    Cheese

9.3.1.7.    Others

9.3.2.    Meat Substitutes

9.3.2.1.    Tofu

9.3.2.2.    TVP

9.3.2.3.    Tempeh

9.3.2.4.    Seitan

9.3.2.5.    Burger Patties

9.3.2.6.    Sausages

9.3.2.7.    Ground Meat

9.3.2.8.    Meatballs

9.3.2.9.    Nuggets

9.3.2.10.    Crumbles

9.3.2.11.    Others

9.3.3.    Plant-based Eggs/Egg Substitute

9.3.4.    Confectionery

9.3.5.    Others

9.4.    North America Plant Based Food Market, By Source

9.4.1.    Soy Protein

9.4.2.    Almond Protein

9.4.3.    Wheat Protein

9.4.4.    Pea Protein

9.4.5.    Rice Protein

9.5.    North America Plant Based Food Market, By Distribution Channel

9.5.1.    Business to Business

9.5.2.    Business to Customers

9.5.2.1.    Modern Groceries

9.5.2.2.    Convenience Store

9.5.2.3.    Specialty Store

9.5.2.4.    Online Retail

9.5.2.5.    Others

9.6.    North America Plant Based Food Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Product Type

9.6.3.    By Source

9.6.4.    By Distribution Channel

10.    Latin America Plant Based Food Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Plant Based Food Market

10.2.2.    Mexico Plant Based Food Market

10.2.3.    Rest Of Latin America Plant Based Food Market

10.3.    Latin America Plant Based Food Market, By Product Type

10.3.1.    Dairy Alternatives

10.3.1.1.    Plant-Based Milk

10.3.1.2.    Ice Cream

10.3.1.3.    Creamer

10.3.1.4.    Yogurt

10.3.1.5.    Butter

10.3.1.6.    Cheese

10.3.1.7.    Others

10.3.2.    Meat Substitutes

10.3.2.1.    Tofu

10.3.2.2.    TVP

10.3.2.3.    Tempeh

10.3.2.4.    Seitan

10.3.2.5.    Burger Patties

10.3.2.6.    Sausages

10.3.2.7.    Ground Meat

10.3.2.8.    Meatballs

10.3.2.9.    Nuggets

10.3.2.10.    Crumbles

10.3.2.11.    Others

10.3.3.    Plant-based Eggs/Egg Substitute

10.3.4.    Confectionery

10.3.5.    Others

10.4.    Latin America Plant Based Food Market, By Source

10.4.1.    Soy Protein

10.4.2.    Almond Protein

10.4.3.    Wheat Protein

10.4.4.    Pea Protein

10.4.5.    Rice Protein

10.5.    Latin America Plant Based Food Market, By Distribution Channel

10.5.1.    Business to Business

10.5.2.    Business to Customers

10.5.2.1.    Modern Groceries

10.5.2.2.    Convenience Store

10.5.2.3.    Specialty Store

10.5.2.4.    Online Retail

10.5.2.5.    Others

10.6.    Latin America Plant Based Food Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Product Type

10.6.3.    By Source

10.6.4.    By Distribution Channel

11.    Europe Plant Based Food Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Plant Based Food Market

11.2.2.    Germany Plant Based Food Market

11.2.3.    Italy Plant Based Food Market

11.2.4.    France Plant Based Food Market

11.2.5.    Spain Plant Based Food Market

11.2.6.    Russia Plant Based Food Market

11.2.7.    Rest Of Europe Plant Based Food Market

11.3.    Europe Plant Based Food Market, By Product Type

11.3.1.    Dairy Alternatives

11.3.1.1.    Plant-Based Milk

11.3.1.2.    Ice Cream

11.3.1.3.    Creamer

11.3.1.4.    Yogurt

11.3.1.5.    Butter

11.3.1.6.    Cheese

11.3.1.7.    Others

11.3.2.    Meat Substitutes

11.3.2.1.    Tofu

11.3.2.2.    TVP

11.3.2.3.    Tempeh

11.3.2.4.    Seitan

11.3.2.5.    Burger Patties

11.3.2.6.    Sausages

11.3.2.7.    Ground Meat

11.3.2.8.    Meatballs

11.3.2.9.    Nuggets

11.3.2.10.    Crumbles

11.3.2.11.    Others

11.3.3.    Plant-based Eggs/Egg Substitute

11.3.4.    Confectionery

11.3.5.    Others

11.4.    Europe Plant Based Food Market, By Source

11.4.1.    Soy Protein

11.4.2.    Almond Protein

11.4.3.    Wheat Protein

11.4.4.    Pea Protein

11.4.5.    Rice Protein

11.5.    Europe Plant Based Food Market, By Distribution Channel

11.5.1.    Business to Business

11.5.2.    Business to Customers

11.5.2.1.    Modern Groceries

11.5.2.2.    Convenience Store

11.5.2.3.    Specialty Store

11.5.2.4.    Online Retail

11.5.2.5.    Others

11.6.    Europe Plant Based Food Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Product Type

11.6.3.    By Source

11.6.4.    By Distribution Channel

12.    Asia Pacific Plant Based Food Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Plant Based Food Market

12.2.2.    India Plant Based Food Market

12.2.3.    Japan Plant Based Food Market

12.2.4.    Australia and New Zealand Plant Based Food Market

12.2.5.    South Korea Plant Based Food Market

12.2.6.    Rest of Asia Pacific Plant Based Food Market

12.3.    Asia Pacific Plant Based Food Market, By Product Type

12.3.1.    Dairy Alternatives

12.3.1.1.    Plant-Based Milk

12.3.1.2.    Ice Cream

12.3.1.3.    Creamer

12.3.1.4.    Yogurt

12.3.1.5.    Butter

12.3.1.6.    Cheese

12.3.1.7.    Others

12.3.2.    Meat Substitutes

12.3.2.1.    Tofu

12.3.2.2.    TVP

12.3.2.3.    Tempeh

12.3.2.4.    Seitan

12.3.2.5.    Burger Patties

12.3.2.6.    Sausages

12.3.2.7.    Ground Meat

12.3.2.8.    Meatballs

12.3.2.9.    Nuggets

12.3.2.10.    Crumbles

12.3.2.11.    Others

12.3.3.    Plant-based Eggs/Egg Substitute

12.3.4.    Confectionery

12.3.5.    Others

12.4.    Asia Pacific Plant Based Food Market, By Source

12.4.1.    Soy Protein

12.4.2.    Almond Protein

12.4.3.    Wheat Protein

12.4.4.    Pea Protein

12.4.5.    Rice Protein

12.5.    Asia Pacific Plant Based Food Market, By Distribution Channel

12.5.1.    Business to Business

12.5.2.    Business to Customers

12.5.2.1.    Modern Groceries

12.5.2.2.    Convenience Store

12.5.2.3.    Specialty Store

12.5.2.4.    Online Retail

12.5.2.5.    Others

12.6.    Asia Pacific Plant Based Food Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Product Type

12.6.3.    By Source

12.6.4.    By Distribution Channel

13.    Middle East Plant Based Food Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Plant Based Food Market

13.2.2.    Israel Plant Based Food Market

13.2.3.    Rest Of Middle East Plant Based Food Market

13.3.    Middle East Plant Based Food Market, By Product Type

13.3.1.    Dairy Alternatives

13.3.1.1.    Plant-Based Milk

13.3.1.2.    Ice Cream

13.3.1.3.    Creamer

13.3.1.4.    Yogurt

13.3.1.5.    Butter

13.3.1.6.    Cheese

13.3.1.7.    Others

13.3.2.    Meat Substitutes

13.3.2.1.    Tofu

13.3.2.2.    TVP

13.3.2.3.    Tempeh

13.3.2.4.    Seitan

13.3.2.5.    Burger Patties

13.3.2.6.    Sausages

13.3.2.7.    Ground Meat

13.3.2.8.    Meatballs

13.3.2.9.    Nuggets

13.3.2.10.    Crumbles

13.3.2.11.    Others

13.3.3.    Plant-based Eggs/Egg Substitute

13.3.4.    Confectionery

13.3.5.    Others

13.4.    Middle East Plant Based Food Market, By Source

13.4.1.    Soy Protein

13.4.2.    Almond Protein

13.4.3.    Wheat Protein

13.4.4.    Pea Protein

13.4.5.    Rice Protein

13.5.    Middle East Plant Based Food Market, By Distribution Channel

13.5.1.    Business to Business

13.5.2.    Business to Customers

13.5.2.1.    Modern Groceries

13.5.2.2.    Convenience Store

13.5.2.3.    Specialty Store

13.5.2.4.    Online Retail

13.5.2.5.    Others

13.6.    Middle East Plant Based Food Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Product Type

13.6.3.    By Source

13.6.4.    By Distribution Channel

14.    Africa Plant Based Food Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Plant Based Food Market

14.2.2.    Egypt Plant Based Food Market

14.2.3.    North Africa Plant Based Food Market

14.2.4.    Rest of Africa Plant Based Food Market

14.3.    Africa Plant Based Food Market, By Product Type

14.3.1.    Dairy Alternatives

14.3.1.1.    Plant-Based Milk

14.3.1.2.    Ice Cream

14.3.1.3.    Creamer

14.3.1.4.    Yogurt

14.3.1.5.    Butter

14.3.1.6.    Cheese

14.3.1.7.    Others

14.3.2.    Meat Substitutes

14.3.2.1.    Tofu

14.3.2.2.    TVP

14.3.2.3.    Tempeh

14.3.2.4.    Seitan

14.3.2.5.    Burger Patties

14.3.2.6.    Sausages

14.3.2.7.    Ground Meat

14.3.2.8.    Meatballs

14.3.2.9.    Nuggets

14.3.2.10.    Crumbles

14.3.2.11.    Others

14.3.3.    Plant-based Eggs/Egg Substitute

14.3.4.    Confectionery

14.3.5.    Others

14.4.    Africa Plant Based Food Market, By Source

14.4.1.    Soy Protein

14.4.2.    Almond Protein

14.4.3.    Wheat Protein

14.4.4.    Pea Protein

14.4.5.    Rice Protein

14.5.    Africa Plant Based Food Market, By Distribution Channel

14.5.1.    Business to Business

14.5.2.    Business to Customers

14.5.2.1.    Modern Groceries

14.5.2.2.    Convenience Store

14.5.2.3.    Specialty Store

14.5.2.4.    Online Retail

14.5.2.5.    Others

14.6.    Africa Plant Based Food Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Product Type

14.6.3.    By Source

14.6.4.    By Distribution Channel

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    Beyond Meat Inc. 

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Impossible Foods Inc.

15.1.3.    Danone SA

15.1.4.    Garden Protein International, Inc.

15.1.5.    Amy’s Kitchen Inc.

15.1.6.    Follow Your Heart

15.1.7.    The Hain Celestial Group, Inc.

15.1.8.    Sahmyook Foods

15.1.9.    Sanitarium Health and Wellbeing Company

15.1.10.    Axiom Foods

15.1.11.    Daiya Foods Inc.

15.1.12.    Earth's Own Food Company Inc.

15.1.13.    Lightlife Foods, Inc.

15.1.14.    Marlow Foods Ltd.

15.1.15.    Taifun –Tofu GmbH

15.1.16.    Atlantic Natural Foods LLC

15.1.17.    BIte Food Ltd.

15.1.18.    Nutrisoy Pty Ltd.

16.    Acronyms