About Plant Based Food
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.
| Attributes | Details |
|---|
| Study Period | 2020-2032 |
| Base Year | 2024 |
| Unit | Value (USD Million) |
| CAGR | 12.06% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plant Based Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tate & Lyle PLC (United Kingdom) and Ingredion Incorporated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Plant Based Food market 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), Application (Food and Beverage Industry, Feed Industry, Pharmaceutical Industry and Others) 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). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Plant Based Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Pouches will boost the Plant Based Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.