The reports also help in understanding the Global Plant-Based Food & Beverage Market dynamic, and structure by analyzing the market segments and projecting the Global Plant-Based Food & Beverage Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Global Plant-Based Food & Beverage Market makes the report investor’s guide.
Global Plant-Based Food & Beverage Market Overview:
The Global Plant-Based Food & Beverage Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Global Plant-Based Food & Beverage Market, as well as the reasons for variations in the industry’s growth in various locations.
The Global Plant-Based Food & Beverage Market size is expected to reach nearly US$ 120.05 Bn by 2029 with the CAGR of 10.64% during the forecast period.
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Market Scope:
The rise in dietary trend of consuming milk outside the home is propelling Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
Segmentation:
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.
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Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through primary sources. The biggest players in the Global Plant-Based Food & Beverage market are as follows:
• Beyond Meat Inc. (U.S.)
• Impossible Foods Inc. (U.S.)
• Danone SA (France)
• Garden Protein International, Inc. (Canada)
• Amy’s Kitchen Inc. (U.S.)
• Follow Your Heart (U.S.)
• The Hain Celestial Group, Inc. (U.S.)
• Sahmyook Foods (South Korea)
• Sanitarium Health and Wellbeing Company (Australia)
• Axiom Foods (U.S.)
• Daiya Foods Inc. (Canada)
• Earth’s Own Food Company Inc. (Canada)
• Lightlife Foods, Inc. (U.S.)
• Marlow Foods Ltd. (U.K.)
• Taifun –Tofu GmbH (Germany)
• Atlantic Natural Foods LLC (U.S.)
• VBIte Food Ltd (U.K.)
• Nutrisoy Pty Ltd. (Australia)
Regional Analysis:
Individual market-influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Global Plant-Based Food & Beverage market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Global Plant-Based Food & Beverage Market:
Due to a break in operations, end-user sectors where Global Plant-Based Food & Beverage is used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Global Plant-Based Food & Beverage manufacturers, affecting the development of the Global Plant-Based Food & Beverage market in 2020. End-user business demand for Global Plant-Based Food & Beverage has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
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Key Questions Answered in the Global Plant-Based Food & Beverage Market Report are:
Which segment had the largest share in the Global Plant-Based Food & Beverage market in 2021?
What is the competitive landscape of the Global Plant-Based Food & Beverage market?
Which are the key drivers aiding the Global Plant-Based Food & Beverage market growth?
Which region has the maximum share in the Global Plant-Based Food & Beverage market?
What will be the CAGR of the Global Plant-Based Food & Beverage market during the forecast period (2022-2027)?
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