Plant Based Food and Beverage Market Forecast 2024-2030: Technological Advancements and Industry Trends

Plant Based Food and Beverage Market Forecast 2024-2030: Technological Advancements and Industry Trends

Complete Overview of the Plant Based Food and Beverage Market: Unveiling Market Insights

Maximize Market Research's latest report reveals substantial development opportunities for suppliers up to 2029, allowing you to tap into the dynamic Plant Based Food and Beverage Market. Our complete analysis of the Plant Based Food and Beverage market includes growth drivers, main restraints, impending challenges, and current opportunities, as well as insights into key companies and their business strategies.The study, which includes insights from primary research surveys and expert analysis, provides essential information on market dynamics, geographical insights, segmentation, key players, and more.

Plant Based Food and Beverage Industry Analysis and Progression:

Plant Based Food and Beverage Market size is expected to reach nearly US$ 120.05 Bn by 2029 with the CAGR of 10.64% during the forecast period.

Market Report Scope and Methodology:

Our committed staff meticulously tracks and analyses the Plant Based Food and Beverage industry by conducting primary research surveys with product dealers, suppliers, foreign market supplies, and subject matter experts. The market size was estimated using a bottom-up technique, complemented with insights into active development projects across industries that could have a favourable or negative impact on the Plant Based Food and Beverage market.

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Plant Based Food and Beverage Market Dynamics:

Our study thoroughly studies and explains market dynamics, which provide insights into developing trends, drivers, restraints, opportunities, and challenges at both global and regional levels, assisting stakeholders in strategic decision-making.The study digs into the dynamic landscape of the Plant Based Food and Beverage industry, identifying emerging trends, main drivers of development, major restraints, current opportunities, and forthcoming difficulties. This gives stakeholders a comprehensive picture of the market environment on both the global and regional levels.

Plant Based Food and Beverage Market Classifications

The report offers a comprehensive segmentation analysis, providing insights into various market segments based on factors such as application, technology, type, end-user, and region. This segmentation aids businesses in identifying niche opportunities and devising targeted strategies for each segment.

by Product Type

Dairy Alternatives
Meat Substitute
Plant-Based Eggs

By Product Type, the segment is divided into Dairy Alternatives, Meat Substitute, Plant-Based Eggs, and Confection. The sub-segment dairy alternatives are further divided into Plant-Based Milk, Ice Cream, Creamer, Yogurt, Butter, Cheese, and Others. The growing no. of lactose-intolerant people, and reduction in animal slaughtering are boosting the growth of plant-based food products. In the sub-segments plant-based milk is widely accepted by the consumer and is anticipated to account for the largest market share in dairy- products. Plant-based milk is widely accepted by consumers due to high-Calorie content in animal milk, high lactose allergies, and, and frequency of hypercholesterolemia.

by Source

Soy Protein
Almond Protein
Wheat Protein
Pea Protein
Rice Protein

By Source Soy Protein, Almond Protein, Wheat Protein, Pea Protein, and Rice Protein. The Segment pea protein is dominating in the source segment of plant-based food and is anticipated to grow with the highest CAGR in the forecast period. As the consumers are more diverted towards plant-based protein source as pea protein offer better muscle growth and are free from harmful cholesterols. Pea proteins are easily digested and extracted from yellow peas. Pea protein is available in powder form in higher quality. Additionally, pea proteins contain all nine amino acids which make them complete protein. Furthermore, pea proteins keep the stomach fuller for a longer time, good for heart health, and promote good kidney health. Hence, the pea protein source is widely preferred and is anticipated to create more awareness in the forecast period. Major market players like Roquette Frères Le Romain (France) and Ingredion Inc. (U.S.) are investing in the market to improve the taste with the nutritional benefits.

by Distribution Channel


By Distribution Channel, the segment is bifurcated into B2B and B2C. The B2C segment is dominating the distribution channel of the plant-based food market. The market is growing with a larger consumer base and growing retailers and supermarkets and hypermarkets simultaneous with the growing population and the consumer demand. As the consumer prefer buying food products more from the groceries and the brick-and-mortar groceries due to easy access and growing availability. The segment business to consumer is growing with the highest CAGR in the forecast period. Moreover, the growing trend of being vegan and consumption of plant-based food products, and the growing price of vegan food can hinder the market growth of plant-based food in the forecast period.

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Market Regional Insights:

Our report includes a detailed region-wise analysis of the Plant Based Food and Beverage market, encompassing market dynamics, regional market structure, and key players in each region. Regions covered include North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.

The following companies are included in the market for Plant Based Food and Beverage :

1. Beyond Meat Inc. (U.S.) 2. Impossible Foods Inc. (U.S.) 3. Danone SA (France) 4. Garden Protein International, Inc. (Canada) 5. Amy’s Kitchen Inc. (U.S.) 6. Follow Your Heart (U.S.) 7. The Hain Celestial Group, Inc. (U.S.) 8. Sahmyook Foods (South Korea) 9. Sanitarium Health and Wellbeing Company (Australia) 10.Axiom Foods (U.S.) 11.Daiya Foods Inc. (Canada) 12.Earth's Own Food Company Inc. (Canada) 13.Lightlife Foods, Inc. (U.S.) 14.Marlow Foods Ltd. (U.K.) 15.Taifun –Tofu GmbH (Germany) 16.Atlantic Natural Foods LLC (U.S.) 17.VBIte Food Ltd (U.K.) 18.Nutrisoy Pty Ltd. (Australia)

List of Contents : Plant Based Food and Beverage Market

Part 01: Executive Summary

Part 02: Scope of the Plant Based Food and Beverage Market Report

Part 03: Plant Based Food and Beverage Market Landscape

Part 04: Plant Based Food and Beverage Market Sizing

Part 05: Plant Based Food and Beverage Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Questions Answered:

  • What is the expected Plant Based Food and Beverage market size in 2029?
  • How are major segments of the global Plant Based Food and Beverage market expected to develop during the forecast period?
  • Who are the top suppliers and producers in the Plant Based Food and Beverage industry?
  • What is the expected Plant Based Food and Beverage market size by the end of the forecast period?
  • Which regional market held the largest Plant Based Food and Beverage market share in 2022?
  • Who are the key players in the Plant Based Food and Beverage industry?
  • What are the Plant Based Food and Beverage market segments?
  • Which Plant Based Food and Beverage market segment is expected to grow at a high rate during the forecast period?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  •  Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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