Plant-Based Food and Beverage Industry Synopsis
Maximize Market Research, an internationally recognized business consulting agency, has released its most recent study, entitled “Plant-Based Food and Beverage Market.” Maximize Market Research caters to the requirements of major and medium-sized enterprises worldwide, having a sizeable customer spread across over 34 countries. Based on research experts’ observations, the Asia Pacific region presents a highly promising opportunity for Plant-Based Food and Beverage market and component makers in the upcoming decade. The market has a positive growth trend despite an economic slowdown, according to the report’s thorough analysis of the post-Covid lockdown performance of the market.
Market Forecast:
Plant-Based Food and Beverage Market size was valued at USD 65.44 Billion in 2023 and the Plant-Based Food and Beverage Market revenue is expected to reach USD 132.81 Billion by 2030, at a CAGR of 10.64% over the forecast period.
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Plant-Based Food and Beverage Market Extent
From 2023 to 2029, industry analysts predict a consistent growth in the Plant-Based Food and Beverage market. Important participants in the sector are expected to continue putting strong plans into action in order to drive swift sectoral growth in 2023.
The Plant-Based Food and Beverage market analysis report includes a wide range of information, including import and export consumption, supply and demand dynamics, costs, market shares, sales volumes, revenues, and gross profits. Additionally, each manufacturer involved in the Plant-Based Food and Beverage market is examined in detail, with respect to their manufacturing bases, capacity, production, factory prices, revenues, and market share. Several nations (regions) are covered in detail in the report, including the United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
Segmentation
by Type
Plant-Based Milk Alternatives
Almond milk
Soy milk
Oat milk
Coconut milk
Rice milk
Plant-Based Meat Substitutes
Tofu
Tempeh
Seitan
Others
Others
The market is divided into Plant-Based Meat Substitutes, Plant-Based Milk Alternatives, and Others based on Type. Throughout the course of the forecast period, the plant-based Milk Alternatives category is anticipated to maintain its dominant market share in the Plant-Based Food and Beverage market. It led the market in 2023. Non-dairy substitutes for conventional cow’s milk are offered in the Plant-Based Milk Alternatives sector of the Plant-Based Food and Beverage business. A number of causes, including the surge in plant-based diets, environmental concerns, dairy allergies, and lactose intolerance, have contributed to the tremendous growth of this market in recent years. The nutritional value of plant-based milk substitutes varies based on the plant source and any fortification that plant-based food and beverage producers add. Many plant-based milks are fortified with elements including calcium, vitamin D, vitamin B12, and protein to make them more nutritionally equivalent to dairy milk, even though they don’t naturally have as much protein as cow’s milk.
by Distribution Channel
Retail Stores
E-commerce
Foodservice
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Principal Players
North America:
1. Beyond Meat, Inc. – El Segundo, California, United States.
2. Impossible Foods Inc. – Redwood City, California, United States.
3. Danone North America – White Plains, New York, United States.
4. Califia Farms – Los Angeles, California, United States.
5. Daiya Foods Inc. – Vancouver, British Columbia, Canada.
6. Ripple Foods – Emeryville, California, United States.
7. Gardein – Richmond, British Columbia, Canada.
8. Oatly AB – Malmo, Sweden (with significant operations in North America).
9. Tofurky – Hood River, Oregon, United States.
10. Sweet Earth Foods – Moss Landing, California, United States.
Europe
11. Quorn Foods – Stokesley, North Yorkshire, United Kingdom.
12. Violife – Thessaloniki, Greece.
13. Alpro – Ghent, Belgium
14. The Vegetarian Butcher – Breda, Netherlands
15. Plenish – London, United Kingdom.
16. Veganz – Berlin, Germany.
17. Wicked Healthy – London, United Kingdom.
18. Naturli’ Foods – Copenhagen, Denmark.
19. Moving Mountains – London, United Kingdom.
20. Vivera – Holten, Netherlands.
Asia-Pacific:
21. Nutritional Holdings Limited – Gold Coast, Queensland, Australia.
22. Sanitarium Health Food Company – Warburton, Victoria, Australia.
23. Nature’s Charm – Bangkok, Thailand.
24. Sunfed Meats – Auckland, New Zealand.
25. OmniPork – Hong Kong.
26. Vitasoy International Holdings Limited – Hong Kong.
27. Green Common – Hong Kong.
28. Yum China Holdings, Inc. – Shanghai, China.
29. Cocowhip – Byron Bay, New South Wales, Australia.
30. Otsuka Holdings Co., Ltd. – Tokyo, Japan.
Important inquiries addressed in the Plant-Based Food and Beverage Market Report are:
Plant-Based Food and Beverage Market: What Is It?
What is the Plant-Based Food and Beverage Market’s forecast period?
What level of competition does the Plant-Based Food and Beverage market have?
In the Plant-Based Food and Beverage Market, which region had the biggest market share?
What prospects does the Plant-Based Food and Beverage Market have?
Which issues are holding back the Plant-Based Food and Beverage market?
Which companies dominate the Plant-Based Food and Beverage market?
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Offerings that are important:
Market Size, Share, and Revenue Forecast by Year
Dynamics of the market: Opportunities for investment, constraints on growth, and important trends
A comprehensive analysis of market segmentation by Plant-Based Food and Beverage Market Landscape—the leading players and other notable companies.
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