What is Plant Based Food Market Scope?
Plant-based means food that comes from plants and doesn’t enclose animal ingredients for example meat, milk, eggs, or honey. The plant-based food meets nutritional needs by only eating natural, minimally-processed foods where none of the ingredients come from animals. A plant-based food also focuses on healthful whole foods, rather than processed foods. Plant-based foods are high in fiber, complex carbohydrates, and water content from fruit and vegetables which may help to keep people feeling fuller for longer and increase energy use when resting.
Influencing Trend:
Major Food Industry Pioneer Investing and Introducing Plant-Based Food Products
Market Growth Drivers:
Increasing Awareness about Plant-Based Food Options and Rising Ethical Concerns of People Related to Animal Slaughter
Challenges:
Population Allergic to Plant-based Food Sources Such as Soy and Wheat
Restraints:
High Cost of Plant-Based Food
Opportunities:
Growing Vegan and Flexitarian Population across the Globe
The Plant Based Food market study is being classified by Type (Plant-Based Milk, Plant-Based Dairy, Plant-Based Meat, Plant-Based Meals, Tofu and Tempeh, Plant-Based Condiments, Plant-Based Eggs and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plant Based Food market throughout the predicted period.
Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), E. I. du Pont de Nemours and Company (United States), Fonterra Co-Operative Group (New Zealand), Kerry Group plc (Ireland), Beyond Meat (United States), Danone S.A. (France), AMCO Proteins (United States), Hilmar Cheese Company, Inc. (United States) and Omega Protein Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tate & Lyle PLC (United Kingdom) and Ingredion Incorporated (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Plant Based Food market by Type, Application and Region.
On the basis of geography, the market of Plant Based Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Aug 01, 2019 - Ingredion, a leading global provider of ingredient solutions to diversified industries, announced it will further expand its manufacturing and production capabilities in Vanscoy, Saskatchewan with Verdient Foods, Inc.
The European Vegetarian Label, which the European Vegetarian Union adopted in 1985, is licensed for use in more than 16 European countries. National vegetarian groups administer the label in their respective countries. At this time, the EVU label is displayed mostly on food products and in restaurants in Europe, although some products displaying the label may be exported to the United States.
Key Target Audience
Manufacturers of Plant-Based Food, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Plant-Based Food, Food Industry, Governmental Bodies and Research Organization
Plant Based Food Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Plant Based Food Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Plant Based Food industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.