Fermented Plant-Based Alternatives Market – A Global and Regional Analysis: Focus on Applications, Products, Patent Analysis, and Country Analysis – Analysis and Forecast, 2019-2026

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The global fermented plant-based alternatives market is expected to reach $422.26 million by 2026, with a CAGR of 5.0% from 2021 to 2026.

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Description

Market Report Coverage – Fermented Plant-Based Alternatives

Market Segmentation

• Application: Supermarkets/Hypermarkets, Online, Convenience Stores, and Specialty Stores
• Product: Fermented Plant-Based Dairy (Milk, Cheese, Yogurt, and Others), Fermented Plant-Based Pickles & Vegetables (Cucumber Pickles, Kimchi, Olives, and Others), Fermented Plant-Based Sauces & Seasonings (Soy Sauce, Gochujang, and Others), Fermented Plant-Based Bakery, and Fermented Plant-Based Meat

Regional Segmentation

• North America: U.S., Canada, and Mexico
• South America: Brazil
• Europe: Germany, France, and Spain
• China
• U.K.
• Middle East and Africa: Saudi Arabia, U.A.E., and South Africa
• Asia-Pacific: Japan, Australia, India, and South Korea

Market Growth Drivers

• Increasing Adoption of Sustainable Diet
• Escalating Lactose Intolerance and Milk Allergies among Consumers
• Changing Dietary Patterns (such as Veganism and Flexitarianism)

Market Challenges

• Getting the Right Texture and Taste
• Ensuring a Healthy Nutritional Profile

Market Opportunities

• Investment in Fermented Plant-Based Yogurt
• Growing Demand of Plant-Based Meat

Key Companies Profiled

AngelYeast Co., Ltd, Cargill, Incorporated, Chr. Hansen Holding A/S, DuPont, Evonik Industries AG, Yofix Probiotics Ltd., Arla Foods, Danone, Field Roast Foods, General Mills, Inc, Impossible Foods Inc., Nestle, Perfect Day, The Hain Celestial Group, Inc., and Tesco PLC

How This Report Can Add Value

Product/Innovation Strategy

The segment gives a brief overview of the product portfolio of several fermented plant-based alternatives and the new launches and innovations in the market pertaining to these products. For instance, in February 2021, Halsa Foods expanded its product line in the U.S. with the launch of an unsweetened sugar oat milk yogurt alternative. The company has also introduced new organic vanilla oat milk yogurt made with vanilla extract and apple juice.

The section also gives a brief overview of the market status of different applications of the product and key players offering products in those applications.

Supermarkets/hypermarkets have the largest market share in the segment attributed to the presence of various brands and variety in the place. Moreover, supermarkets are consumer friendly as they allow discounts and offers for large shopping bills as well as on specific products, which attracts more consumer attention.

Growth/Marketing Strategy

The fermented plant-based alternatives manufacturers have opted for various development strategies to gain more market share and a competitive edge over other player. Partnerships and collaborations are the most common strategy adopted by companies in the time period January 2018-June 2021.

New product launches and innovations are also prevalent in the market as the demand for plant-based food items is on the rise, and more companies are keen to introduce plant-based alternatives to their product portfolio. For instance, in July 2020, Danone launched its plant based Actimet yogurt drink range, which is produced by using roasted oats and almonds.

Key questions answered in the Report

• What are the current trends in the global fermented plant-based food industry?
• How does the introduction of fermented plant-based alternatives impact the global plant-based food and beverage market?
• What is the growth prospect of fermented plant-based food alternatives in Asia-Pacific?
• Can the vegan trend drive the future of the fermented plant-based food market?
• How is the role of governments regarding food safety issues and changing the landscape of the fermented plant-based alternatives industry?
• Which food type is expected to lead the fermented plant-based alternatives market by 2026?
• What was the market value of the leading segments and sub-segments of the market in 2020, and how is the market estimated to grow during the forecast period 2021-2026?
• How is the industry expected to evolve during the forecast period 2021-2026?
• What are the key developmental strategies implemented by the key players to sustain in the competitive market?
• What are the key growth regions in the fermented plant-based alternatives market?

Global Fermented Plant-Based Alternatives Market

Fermentation of food is an ancient technique developed for the preservation of food products. Fermented foods are also considered as the first type of “processed food” that in the process improve taste as well as the shelf life of food products. Fermented food products were discovered in the early ages. For instance, yogurt was created by Neolithic herdsmen in Central Asia around 6,000 B.C. No artificial cultures were discovered at that time, and hence, people were using natural enzymes to ferment the milk for the production of yogurt. The process was carried out in traditional containers, which had natural enzymes in themselves.

However, fermentation technology has picked up pace and has been witnessing huge growth due to growing consumer awareness for health concerns. Currently, manufacturers of fermented food products are using multiple techniques to produce fermented foods such as lactic acid fermentation, ethanol fermentation, and acetic acid fermentation. Now manufacturers use different types of yeast and bacteria to ensure the right texture and taste of dairy, bakery, meat, and other product categories. For instance, yogurt is produced by fermentation of milk from bacterial cultures such as Streptococcus Thermophilus and Lactobacillus Bulgaricus.

Impact of COVID-19 on Global Fermented Plant-Based Alternatives Market

The COVID-19 outbreak has boosted consumer interest in functional foods to boost immunity and stress management. However, buying behavior of consumers are impacted by the ongoing crises as more consumers are moving toward the online purchase of food products rather than from supermarkets and departmental store.

Global Fermented Plant-Based Alternatives Industry Overview

The global fermented plant-based alternatives market is expected to reach $422.26 million by 2026, with a CAGR of 5.0% from 2021 to 2026. The major factors uplifting the growth of the market are the increasing trend of veganism across the globe coupled with escalating health issues among individuals. Food allergies have also been rising among consumers due to the intake of dairy-based products caused by the reaction of protein present in milk and other dairy products with the body’s immune system. As fermentation can make the body immune to any negative reaction from dairy products, these products are gaining more attention from consumers.

The global fermented plant-based alternatives market is highly fragmented, with the presence of several players in the market. The market has a high industry rivalry as multiple renowned brands are present in the industry, such as Nestle, Perfect Day, Danone, Tesco, and DuPont. The segment also provides details about the competitive strength of the key players operating in the market. For instance, Nestle is a food and beverage company that operates through more than 2000 brands in 186 countries across the globe. The company offers multiple products in its food and beverages portfolio, such as baby food, bottled water, chocolate, and confectionery products. Nestle also has a diverse product offering in plant-based food and beverages such as vegan alternatives to tuna fish named Vuna, plant-based mill protein, creams, and many such products.

Market Segmentation

Global Fermented Plant-Based Alternatives Market by Product

Yogurt is produced naturally by fermentation and contains cultures named Lactobacillus Bulgaricus and Streptococcus Thermophilus. However, the trend for plant-based yogurt has been picking up pace from the past few years as consumers are increasingly adopting plant-based foods in their dietary plans.

Plant-based yogurt has registered the highest demand in the market, majorly due to the availability of the product in multiple flavors while also being enriched with beneficial probiotic bacteria. As consumers nowadays are looking for a wide range of options in their foods, the products are expected to achieve significant growth in the coming years.

Global Fermented Plant-Based Alternatives Market by Application

Supermarkets/Hypermarkets emerged as the most preferred purchasing option for fermented plant-based alternatives across the globe. The retail sales of fermented plant-based food and beverages are expected to increase through supermarkets as consumers are increasing, including plant-based food in their everyday dietary plans. As supermarkets serve the consumer all the everyday needs with multiple options, including plant-based foods, more consumers are inclined toward opting for supermarkets as their buying option.

Global Fermented Plant-Based Alternatives Market by Region

Europe generated the highest revenue of $96.99 million in 2020, which is projected to reach $129.47 million by 2026. The major driver for high demand in Europe is the adoption of plant-based food and beverages in the country as a part of consumer’s diet plans due to growing veganism in the region. It has been estimated by Mintel’s Global New Products Database (GNPD) that 20% of total food launches in the U.K. were vegan in 2020.

Key Market Players and Competition Synopsis

Some of the key companies operating in the market AngelYeast Co., Ltd, Cargill, Incorporated, Chr. Hansen Holding A/S, DuPont, Evonik Industries AG, Yofix Probiotics Ltd., Arla Foods, Danone, Field Roast Foods, General Mills, Inc, Impossible Foods Inc., Nestle, Perfect Day, The Hain Celestial Group, Inc., and Tesco PLC

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which holds 50-60% of the market) and mid-segment players (comprise of 30-40% share), and small and emerging companies (holds the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the fermented plant-based alternatives industry.

 

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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Industry Attractiveness
1.1.1.1 Threat of New Entrants (Moderate)
1.1.1.2 Bargaining Power of Buyers (Moderate-High)
1.1.1.3 Bargaining Power of Suppliers (Low-Moderate)
1.1.1.4 Threat of Substitutes (High)
1.1.1.5 Intensity of Competitive Rivalry (Moderate-High)
1.1.2 Ecosystem/Ongoing Programs
1.1.2.1 Consortiums and Associations
1.1.2.2 Regulatory Bodies
1.1.3 Patent Analysis
1.1.3.1 Introduction
1.1.3.2 Patent Landscape (by Status)
1.1.3.3 Patent Landscape (by Country)
1.1.4 Business Strategies
1.1.4.1 Product Development and Innovation
1.1.4.2 Market Developments
1.1.5 Corporate Strategies
1.1.5.1 Partnerships and Collaborations
1.2 Market Dynamics
1.2.1 Market Drivers
1.2.1.1 Increasing Adoption of Sustainable Diet
1.2.1.2 Escalating Lactose Intolerance and Milk Allergies among Consumers
1.2.1.3 Changing Dietary Patterns (such as Veganism and Flexitarianism)
1.2.2 Market Challenges
1.2.2.1 Getting the Right Texture and Taste
1.2.2.2 Ensuring a Healthy Nutritional Profile
1.2.3 Market Opportunities
1.2.3.1 Investment in Fermented Plant-Based Yogurt
1.2.3.2 Growing Demand of Plant-Based Meat
1.2.4 COVID-19 Impact on Global Fermented Plant-Based Alternatives Market
1.2.5 Recent Trends and Innovation in Fermented Plant-Based Alternatives Market
1.2.5.1 Emerging Products
1.2.5.2 Influence of Free-From Diet and Clean Label Patterns
2 Application
2.1 Global Fermented Plant-Based Alternatives Market (by Application)
2.1.1 Supermarkets/Hypermarkets
2.1.2 Convenience Stores
2.1.3 Specialty Stores
2.1.4 Online
2.2 Demand Analysis of Fermented Plant-Based Alternatives Market (by Application)
2.2.1 Supermarkets/Hypermarkets
2.2.1.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Supermarket/Hypermarkets (by Region)
2.2.2 Convenience Stores
2.2.2.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Convenience Stores (by Region)
2.2.3 Specialty Stores
2.2.3.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Specialty Stores (by Region)
2.2.4 Online
2.2.4.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Online (by Region)
3 Products
3.1 Global Fermented Plant-Based Alternatives Market (by Product)
3.1.1 Fermented Plant-Based Dairy Alternatives
3.1.1.1 Milk
3.1.1.2 Yogurt
3.1.1.3 Cheese
3.1.1.4 Others
3.1.2 Fermented Plant-Based Bakery Alternatives
3.1.3 Fermented Plant-Based Meat Alternatives
3.1.4 Fermented Plant-Based Sauces and Seasonings
3.1.4.1 Soy Sauce
3.1.4.2 Gochujang
3.1.4.3 Others
3.1.5 Fermented Plant-Based Pickles and Vegetables
3.1.5.1 Fermented Cucumber Pickles
3.1.5.2 Kimchi
3.1.5.3 Olives
3.1.5.4 Others Fermented Plant-Based Pickles and Vegetables
3.1.6 Others
3.2 Demand Analysis of Fermented Plant-Based Alternatives Market (by Product)
3.2.1 Fermented Plant-Based Dairy Alternatives
3.2.1.1 Demand Analysis of Fermented Plant-Based Dairy Alternatives Market (by Region)
3.2.2 Fermented Plant-Based Pickles and Vegetables
3.2.2.1 Demand Analysis of Fermented Plant-Based Pickles and Vegetables Market (by Region)
3.2.3 Fermented Plant-Based Sauces and Seasonings
3.2.3.1 Demand Analysis of Fermented Plant-Based Sauces and Seasonings Market (by Region)
3.2.4 Fermented Plant-Based Bakery Alternatives
3.2.4.1 Demand Analysis of Fermented Plant-Based Bakery Alternatives Market (by Region)
3.2.5 Fermented Plant-Based Meat Alternatives
3.2.5.1 Demand Analysis of Fermented Plant-Based Meat Alternatives Market (by Region)
3.2.6 Others
3.2.6.1 Demand Analysis of Other Fermented Plant-Based Alternatives Market (by Region)
4 Region
4.1 Demand Analysis of Fermented Plant-Based Alternatives Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Manufacturers and Suppliers in North America
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Application
4.2.2.1 North America Fermented Plant-Based Alternatives Market (by Application), Revenue
4.2.3 Product
4.2.3.1 North America Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
4.2.4 North America (by Country)
4.2.4.1 U.S.
4.2.4.1.1 Market
4.2.4.1.1.1 Buyer Attributes
4.2.4.1.1.2 Key Manufacturers and Suppliers in the U.S.
4.2.4.1.1.3 Business Challenges
4.2.4.1.1.4 Business Drivers
4.2.4.1.2 Application
4.2.4.1.2.1 U.S. Fermented Plant-Based Alternatives Market (by Application), Revenue
4.2.4.1.3 Product
4.2.4.1.3.1 U.S. Fermented Plant-Based Alternatives Market (by Product), Revenue
4.2.4.2 Canada
4.2.4.2.1 Market
4.2.4.2.1.1 Buyer Attributes
4.2.4.2.1.2 Key Manufacturers and Suppliers in Canada
4.2.4.2.1.3 Business Challenges
4.2.4.2.1.4 Business Drivers
4.2.4.2.2 Application
4.2.4.2.2.1 Canada Fermented Plant-Based Alternatives Market (by Application), Revenue
4.2.4.2.3 Product
4.2.4.2.3.1 Canada Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
4.2.4.3 Mexico
4.2.4.3.1 Market
4.2.4.3.1.1 Buyer Attributes
4.2.4.3.1.2 Key Manufacturers and Suppliers in Mexico
4.2.4.3.1.3 Business Challenges
4.2.4.3.1.4 Business Drivers
4.2.4.3.2 Application
4.2.4.3.2.1 Mexico Fermented Plant-Based Alternatives Market (by Application), Revenue
4.2.4.3.3 Product
4.2.4.3.3.1 Mexico Fermented Plant-Based Alternatives Market (by Product), Revenue
4.3 South America
4.3.1 Market
4.3.1.1 Key Manufacturers and Suppliers in South America
4.3.1.2 Business Drivers
4.3.1.3 Business Challenges
4.3.2 Application
4.3.2.1 South America Fermented Plant-Based Alternatives Market (by Application), Revenue
4.3.3 Product
4.3.3.1 South America Fermented Plant-Based Alternatives Market (by Product), Revenue
4.3.4 South America (by Country)
4.3.4.1 Brazil
4.3.4.1.1 Market
4.3.4.1.1.1 Buyer Attributes
4.3.4.1.1.2 Key Manufacturers and Suppliers in Brazil
4.3.4.1.1.3 Business Challenges
4.3.4.1.1.4 Business Drivers
4.3.4.1.2 Application
4.3.4.1.2.1 Brazil Fermented Plant-Based Alternatives Market (by Application), Revenue
4.3.4.1.3 Product
4.3.4.1.3.1 Brazil Fermented Plant-Based Alternatives Market (by Product), Revenue
4.4 Europe
4.4.1 Market
4.4.1.1 Key Manufacturers and Suppliers in Europe
4.4.1.2 Business Drivers
4.4.1.3 Business Challenges
4.4.2 Application
4.4.2.1 Europe Fermented Plant-Based Alternatives Market (by Application), Revenue
4.4.3 Product
4.4.3.1 Europe Fermented Plant-Based Alternatives Market (by Product), Revenue
4.4.4 Europe (by Country)
4.4.4.1 Germany
4.4.4.1.1 Market
4.4.4.1.1.1 Buyer Attributes
4.4.4.1.1.2 Key Manufacturers and Suppliers in Germany
4.4.4.1.1.3 Business Challenges
4.4.4.1.1.4 Business Drivers
4.4.4.1.2 Application
4.4.4.1.2.1 Germany Fermented Plant-Based Alternatives Market (by Application), Revenue
4.4.4.1.3 Product
4.4.4.1.3.1 Germany Fermented Plant-Based Alternatives Market (by Product), Revenue
4.4.4.2 France
4.4.4.2.1 Market
4.4.4.2.1.1 Buyer Attributes
4.4.4.2.1.2 Key Manufacturers and Suppliers in France
4.4.4.2.1.3 Business Challenges
4.4.4.2.1.4 Business Drivers
4.4.4.2.2 Application
4.4.4.2.2.1 France Fermented Plant-Based Alternatives Market (by Application), Revenue
4.4.4.2.3 Product
4.4.4.2.3.1 France Fermented Plant-Based Alternatives Market (by Product), Revenue
4.4.4.3 Spain
4.4.4.3.1 Market
4.4.4.3.1.1 Buyer Attributes
4.4.4.3.1.2 Key Manufacturers and Suppliers in Spain
4.4.4.3.1.3 Heura Foods, Business Challenges
4.4.4.3.1.4 Business Drivers
4.4.4.3.2 Application
4.4.4.3.2.1 Spain Fermented Plant-Based Alternatives Market (by Application), Revenue
4.4.4.3.3 Product
4.4.4.3.3.1 Spain Fermented Plant-Based Alternatives Market (by Product), Revenue
4.5 U.K.
4.5.1 Market
4.5.1.1 Key Manufacturers and Suppliers in the U.K.
4.5.1.2 Business Drivers
4.5.1.3 Business Challenges
4.5.1.4 Buyer’s Attributes
4.5.2 Application
4.5.2.1 U.K. Fermented Plant-Based Alternatives Market (by Application), Revenue
4.5.3 Product
4.5.3.1 U.K. Fermented Plant-Based Alternatives Market (by Product), Revenue
4.6 Middle East and Africa
4.6.1 Market
4.6.1.1 Key Manufacturers and Suppliers in the Middle East and Africa
4.6.1.2 Business Drivers
4.6.1.3 Business Challenges
4.6.2 Application
4.6.2.1 Middle East and Africa Fermented Plant-Based Alternatives Market (by Application), Revenue
4.6.3 Product
4.6.3.1 Middle East and Africa Fermented Plant-Based Alternatives Market (by Product), Revenue
4.6.4 Middle East and Africa (by Country)
4.6.4.1 Saudi Arabia
4.6.4.1.1 Market
4.6.4.1.1.1 Buyer Attributes
4.6.4.1.1.2 Key Manufacturers and Suppliers in Saudi Arabia
4.6.4.1.1.3 Business Challenges
4.6.4.1.1.4 Business Drivers
4.6.4.1.2 Application
4.6.4.1.2.1 Saudi Arabia Fermented Plant-Based Alternatives Market (by Application), Revenue
4.6.4.1.3 Product
4.6.4.1.3.1 Saudi Arabia Fermented Plant-Based Alternatives Market (by Product), Revenue
4.6.4.2 U.A.E.
4.6.4.2.1 Market
4.6.4.2.1.1 Buyer Attributes
4.6.4.2.1.2 Key Manufacturers and Suppliers in the U.A.E.
4.6.4.2.1.3 Business Challenges
4.6.4.2.1.4 Business Drivers
4.6.4.2.2 Application
4.6.4.2.2.1 U.A.E. Fermented Plant-Based Alternatives Market (by Application), Revenue
4.6.4.2.3 Product
4.6.4.2.3.1 U.A.E. Fermented Plant-Based Alternatives Market (by Product), Revenue
4.6.4.3 South Africa
4.6.4.3.1 Market
4.6.4.3.1.1 Buyer Attributes
4.6.4.3.1.2 Key Manufacturers and Suppliers in South Africa
4.6.4.3.1.3 Business Challenges
4.6.4.3.1.4 Business Drivers
4.6.4.3.2 Application
4.6.4.3.2.1 South Africa Fermented Plant-Based Alternatives Market (by Application), Revenue
4.6.4.3.3 Product
4.6.4.3.3.1 South Africa Fermented Plant-Based Alternatives Market (by Product), Revenue
4.7 China
4.7.1 Market
4.7.1.1 Key Manufacturers and Suppliers in China
4.7.1.2 Business Drivers
4.7.1.3 Business Challenges
4.7.1.4 Buyer’s Attributes
4.7.2 Application
4.7.2.1 China Fermented Plant-Based Alternatives Market (by Application), Revenue
4.7.3 Product
4.7.3.1 China Fermented Plant-Based Alternatives Market (by Product), Revenue
4.8 Asia-Pacific and Japan
4.8.1 Market
4.8.1.1 Key Manufacturers and Suppliers in Asia-Pacific and Japan
4.8.1.2 Business Drivers
4.8.1.3 Business Challenges
4.8.2 Application
4.8.2.1 Asia-Pacific and Japan Fermented Plant-Based Alternatives Market (by Application), Revenue
4.8.3 Product
4.8.3.1 Asia-Pacific and Japan Fermented Plant-Based Alternatives Market (by Product), Revenue
4.8.4 Asia-Pacific and Japan (by Country)
4.8.4.1 South Korea
4.8.4.1.1 Market
4.8.4.1.1.1 Buyer Attributes
4.8.4.1.1.2 Key Manufacturers and Suppliers in South Korea
4.8.4.1.1.3 Business Challenges
4.8.4.1.1.4 Business Drivers
4.8.4.1.2 Application
4.8.4.1.2.1 South Korea Fermented Plant-Based Alternatives Market (by Application), Revenue
4.8.4.1.3 Product
4.8.4.1.3.1 South Korea Fermented Plant-Based Alternatives Market (by Product), Revenue
4.8.4.2 Japan
4.8.4.2.1 Market
4.8.4.2.1.1 Buyer Attributes
4.8.4.2.1.2 Key Manufacturers and Suppliers in Japan
4.8.4.2.1.3 Business Challenges
4.8.4.2.1.4 Business Drivers
4.8.4.2.2 Application
4.8.4.2.2.1 Japan Fermented Plant-Based Alternatives Market (by Application), Revenue
4.8.4.2.3 Product
4.8.4.2.3.1 Japan Fermented Plant-Based Alternatives Market (by Product), Revenue
4.8.4.3 India
4.8.4.3.1 Market
4.8.4.3.1.1 Buyer Attributes
4.8.4.3.1.2 Key Manufacturers and Suppliers in India
4.8.4.3.1.3 Business Challenges
4.8.4.3.1.4 Business Drivers
4.8.4.3.2 Application
4.8.4.3.2.1 India Fermented Plant-Based Alternatives Market (by Application), Revenue
4.8.4.3.3 Product
4.8.4.3.3.1 India Fermented Plant-Based Alternatives Market (by Product), Revenue
4.8.4.4 Australia
4.8.4.4.1 Market
4.8.4.4.1.1 Buyer Attributes
4.8.4.4.1.2 Key Manufacturers and Suppliers in Australia
4.8.4.4.1.3 Business Challenges
4.8.4.4.1.4 Business Drivers
4.8.4.4.2 Application
4.8.4.4.2.1 Australia Fermented Plant-Based Alternatives Market (by Application), Revenue
4.8.4.4.3 Product
4.8.4.4.3.1 Australia Fermented Plant-Based Alternatives Market (by Product), Revenue
5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Ingredient Companies
5.2.1 AngelYeast Co., Ltd
5.2.1.1 Company Overview
5.2.1.2 Role of AngelYeast Co., Ltd in Fermented Plant-Based Alternatives Market
5.2.1.3 Product Portfolio
5.2.1.4 Business Strategies
5.2.1.4.1 Product Developments
5.2.1.5 Corporate Strategies
5.2.1.5.1 Partnerships and Collaborations
5.2.1.6 Strength and Weakness of AngelYeast Co., Ltd.
5.2.2 Cargill, Incorporated
5.2.2.1 Company Overview
5.2.2.2 Role of Cargill, Incorporated in Fermented Plant-Based Alternatives Market
5.2.2.3 Product Portfolio
5.2.2.4 Business Strategies
5.2.2.4.1 Product Developments
5.2.2.5 Corporate Strategies
5.2.2.5.1 Partnerships and Collaborations
5.2.2.6 Strength and Weakness of Cargill, Incorporated
5.2.3 Chr. Hansen Holding A/S
5.2.3.1 Company Overview
5.2.3.1.1 Role of Chr. Hansen Holding A/S. in Fermented Plant-Based Alternatives Market
5.2.3.1.2 Product Portfolio
5.2.3.2 Business Strategies
5.2.3.2.1 Product Developments
5.2.3.3 Strength and Weakness of Chr. Hansen Holding A/S
5.2.3.4 R&D Analysis
5.2.4 DuPont
5.2.4.1 Company Overview
5.2.4.2 Role of DuPont in Fermented Plant-Based Alternatives Market
5.2.4.3 Product Portfolio
5.2.4.4 Business Strategies
5.2.4.4.1 Product Developments
5.2.4.5 Corporate Strategies
5.2.4.5.1 Partnerships and Collaborations
5.2.4.6 Strength and Weakness of DuPont
5.2.4.7 R&D Analysis
5.2.5 Evonik Industries AG
5.2.5.1 Company Overview
5.2.5.2 Role of Evonik Industries AG in Fermented Plant-Based Alternatives Market
5.2.5.3 Product Portfolio
5.2.5.4 R&D Analysis
5.2.5.5 Strength and Weakness of Evonik Industries AG
5.2.6 Yofix Probiotics Ltd.
5.2.6.1 Company Overview
5.2.6.2 Role of Yofix Probiotics Ltd. in Fermented Plant-Based Alternatives Market
5.2.6.3 Product Portfolio
5.2.6.4 Strength and Weakness of Yofix Probiotics Ltd.
5.3 Fermented Plant-Based Food Manufacturing Companies
5.3.1 Arla Foods
5.3.1.1 Company Overview
5.3.1.2 Role of Arla Foods in Fermented Plant-Based Alternatives Market
5.3.1.3 Product Portfolio
5.3.1.4 Business Strategies
5.3.1.4.1 Product Developments
5.3.1.5 Strength and Weakness of Arla Foods
5.3.2 Danone
5.3.2.1 Company Overview
5.3.2.2 Role of Danone in Fermented Plant-Based Alternatives Market
5.3.2.3 Product Portfolio
5.3.2.4 Business Strategies
5.3.2.4.1 Product Developments
5.3.2.5 Corporate Strategies
5.3.2.5.1 Partnerships and Collaborations
5.3.2.6 Strength and Weakness of Danone
5.3.3 Field Roast Foods
5.3.3.1 Company Overview
5.3.3.2 Role of Field Roast Foods in Fermented Plant-Based Alternatives Market
5.3.3.3 Product Portfolio
5.3.3.4 Strength and Weakness of Field Roast Foods
5.3.4 General Mills, Inc
5.3.4.1 Company Overview
5.3.4.2 Role of General Mills, Inc in Fermented Plant-Based Alternatives Market
5.3.4.3 Product Portfolio
5.3.4.4 Strength and Weakness of General Mills, Inc
5.3.4.5 R&D Analysis
5.3.5 Impossible Foods Inc.
5.3.5.1 Company Overview
5.3.5.2 Role of Impossible Foods Inc. in Fermented Plant-Based Alternatives Market
5.3.5.3 Product Portfolio
5.3.5.4 Strength and Weakness of Impossible Foods Inc.
5.3.6 Nestle
5.3.6.1 Company Overview
5.3.6.2 Role of Nestle in Fermented Plant-Based Alternatives Market
5.3.6.3 Product Portfolio
5.3.6.4 Corporate Strategies
5.3.6.4.1 Partnerships and Collaborations
5.3.6.5 Strength and Weakness of Nestle
5.3.6.6 R&D Analysis
5.3.7 Perfect Day
5.3.7.1 Company Overview
5.3.7.2 Role of Perfect Day in Fermented Plant-Based Alternatives Market
5.3.7.3 Product Portfolio
5.3.7.4 Corporate Strategies
5.3.7.4.1 Partnerships and Collaborations
5.3.7.5 Strength and Weakness of Perfect Day
5.3.8 The Hain Celestial Group, Inc.
5.3.8.1 Company Overview
5.3.8.2 Role of The Hain Celestial Group, Inc. in Fermented Plant-Based Alternatives Market
5.3.8.3 Product Portfolio
5.3.8.4 Strength and Weakness of The Hain Celestial Group, Inc.,
5.4 Distribution Companies
5.4.1 Tesco PLC
5.4.1.1 Company Overview
5.4.1.2 Role of Tesco PLC in Fermented Plant-Based Alternatives Market
5.4.1.3 Product Portfolio
5.4.1.4 Strength and Weakness of Tesco PLC
6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
6.2.1 Factors for Data Prediction and Modelling
List of Figures
Figure 1: Macro Trends in Food and Beverage Industry Impacting Fermented Plant-Based Alternatives Market
Figure 2: Global Fermented Plant-Based Alternatives Market, $Million (2019-2026)
Figure 3: Market Dynamics for Fermented Plant-Based Alternatives Market
Figure 4: Global Fermented Plant-Based Alternatives Market (by Product), $Million (2020)
Figure 5: Global Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Figure 6: Global Fermented Plant-Based Alternatives, 2020
Figure 7: Global Fermented Plant-Based Alternatives Market Coverage
Figure 8: Porter’s Five Forces Analysis
Figure 9: Patent Analysis
Figure 10: Share of Key Market Strategies and Developments, 2018-2021
Figure 11: Product Development and Innovation (by Company), 2018-2021
Figure 12: Business Expansions and Investments (by Company), 2018-2021
Figure 13: Partnerships and Collaborations, 2018-2021
Figure 14: Global Prevalence of Lactose Intolerance (by country), 2020
Figure 15: Rates of Vegetarianism (by Country), 2019
Figure 16: U.S. Plant-Based Yogurt Retail Sales, $Million, 2017-2019
Figure 17: U.S. Plant-Based Meat Sales, $Million, 2018-2020
Figure 18: U.S. Plant-Based Food, Retail Sales, $Billion, 2018-2020
Figure 19: Competitive Benchmarking
Figure 20: Chr. Hansen Holding A/S: R&D (2017-2019)
Figure 21: DuPont: R&D (2018-2020)
Figure 22: Evonik Industries AG: R&D (2018-2020)
Figure 23: General Mills: R&D (2018-2020)
Figure 24: Nestle: R&D (2017-2019)
Figure 25: Data Triangulation
Figure 26: Top-Down and Bottom-Up Approach
Figure 27: Assumptions and Limitations
List of Tables
Table 1: Key Factors Determining “Threat of New Entrants” in the Global Fermented Plant-Based Alternatives Market
Table 2: Key Factors Determining “Bargaining Power of Buyers” in the Global Fermented Plant-Based Alternatives Market
Table 3: Key Factors Determining “Bargaining Power of Suppliers” in the Global Fermented Plant-Based Alternatives Market
Table 4: Key Factors Determining “Threat of Substitutes” in the Global Fermented Plant-Based Alternatives Market
Table 5: Key Factors Determining “Intensity of Competitive Rivalry” in the Global Fermented Plant-Based Alternatives Market
Table 6: Consortiums and Associations for the Global Fermented Plant-Based Alternatives Market
Table 7: Products Pertaining to Fermented Plant-Based Alternatives in Supermarkets/Hypermarkets
Table 8: Strategies Pertaining to Fermented Plant-Based Alternatives in Supermarkets/Hypermarkets
Table 9: Global Demand of Fermented Plant-Based Alternatives in Supermarkets/Hypermarkets (by Region), 2019-2026
Table 10: Global Demand of Fermented Plant-Based Alternatives in Convenience Stores (by Region), 2019-2026
Table 11: Global Demand of Fermented Plant-Based Alternatives in Specialty Stores (by Region), 2019-2026
Table 12: Global Demand of Fermented Plant-Based Alternatives in Online (by Region), 2019-2026
Table 13: Products Pertaining to Fermented Plant-Based Dairy Alternatives
Table 14: Strategies Pertaining to Fermented Plant-Based Dairy Alternatives
Table 15: Products Pertaining to Fermented Plant-Based Bakery Alternatives
Table 16: Strategies Pertaining to Fermented Plant-Based Bakery Alternatives
Table 17: Products Pertaining to Fermented Plant-Based Meat Alternatives
Table 18: Products Pertaining to Fermented Plant-Based Sauces and Seasonings Alternatives
Table 19: Strategies Pertaining to Fermented Plant-Based Sauces and Seasonings Alternatives
Table 20: Products Pertaining to Fermented Plant-Based Pickles and Vegetable Alternatives
Table 21: Global Fermented Plant-Based Dairy Alternatives Market (by Region), $Million, 2019-2026
Table 22: Global Fermented Plant-Based Pickles and Vegetables Market (by Region), $Million, 2019-2026
Table 23: Global Fermented Plant-Based Sauces and Seasonings Market (by Region), $Million, 2019-2026
Table 24: Global Fermented Plant-Based Bakery Alternatives Market (by Region), $Million, 2019-2026
Table 25: Global Fermented Plant-Based Meat Alternatives Market (by Region), $Million,2019-2026
Table 26: Global Other Fermented Plant-Based Alternatives Market (by Region), $Million, 2019-2026
Table 27: Global Fermented Plant-Based Alternatives Market (by Region), $Million, 2019-2026
Table 28: North America Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 29: North America Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 30: North America Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 31: North America Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 32: North America Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 33: U.S. Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 34: U.S. Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 35: U.S. Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 36: U.S. Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 37: U.S. Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 38: Canada Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 39: Canada Fermented Plant-Based Alternatives Market (by Product). $Million, 2019-2026
Table 40: Canada Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 41: Canada Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 42: Canada Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 43: Mexico Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 44: Mexico Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 45: Mexico Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 46: Mexico Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 47: Mexico Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 48: South America Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 49: South America Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 50: South America Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 51: South America Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 52: South America Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 53: Brazil Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 54: Brazil Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 55: Brazil Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 56: Brazil Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 57: Brazil Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 58: Europe Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 59: Europe Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 60: Europe Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 61: Europe Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 62: Europe Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 63: Germany Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 64: Germany Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 65: Germany Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 66: Germany Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 67: Germany Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 68: France Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 69: France Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 70: France Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 71: France Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 72: France Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 73: Spain Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 74: Spain Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 75: Spain Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 76: Spain Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 77: Spain Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 78: U.K. Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 79: U.K. Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 80: U.K. Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 81: U.K. Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 82: U.K. Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 83: Middle East and Africa Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 84: Middle East and Africa Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 85: Middle East and Africa Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 86: Middle East and Africa Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 87: Middle East and Africa Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 88: Saudi Arabia Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 89: Saudi Arabia Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 90: Saudi Arabia Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 91: Saudi Arabia Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 92: Saudi Arabia Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 93: U.A.E. Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 94: U.A.E. Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 95: U.A.E. Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 96: U.A.E. Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 97: U.A.E. Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 98: South Africa Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 99: South Africa Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 100: South Africa Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 101: South Africa Fermented Plant-Based Pickles and Vegetable Alternatives Market, $Million, 2019-2026
Table 102: South Africa Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 103: China Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 104: China Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 105: China Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 106: China Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 107: China Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 108: Asia-Pacific and Japan Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 109: Asia-Pacific and Japan Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 110: Asia-Pacific and Japan Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 111: Asia-Pacific and Japan Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 112: Asia-Pacific and Japan Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 113: South Korea Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 114: South Korea Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 115: South Korea Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 116: South Korea Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 117: South Korea Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 118: Japan Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 119: Japan Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 120: Japan Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 121: Japan Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 122: Japan Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 123: India Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 124: India Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 125: India Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 126: India Fermented Plant-Based Pickles and Vegetables Alternatives Market, $Million, 2019-2026
Table 127: India Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 128: Australia Fermented Plant-Based Alternatives Market (by Application), $Million, 2019-2026
Table 129: Australia Fermented Plant-Based Alternatives Market (by Product), $Million, 2019-2026
Table 130: Australia Fermented Plant-Based Dairy Alternatives Market, $Million, 2019-2026
Table 131: Australia Fermented Plant-Based Pickles and Vegetable Alternatives Market, $Million, 2019-2026
Table 132: Australia Fermented Plant-Based Sauces and Seasonings Alternatives Market, $Million, 2019-2026
Table 133: AngelYeast Co., Ltd: Product Portfolio
Table 134: Product Developments
Table 135: Partnerships and Collaborations
Table 136: Cargill, Incorporated: Product Portfolio
Table 137: Product Developments
Table 138: Partnerships and Collaborations
Table 139: Chr. Hansen Holding A/S: Product Portfolio
Table 140: Product Developments
Table 141: DuPont Company: Product Portfolio
Table 142: Product Developments
Table 143: Partnerships and Collaborations
Table 144: Evonik Industries AG: Product Portfolio
Table 145: Yofix Probiotics Ltd.: Product Portfolio
Table 146: Arla Foods: Product Portfolio
Table 147: Product Developments
Table 148: Danone: Product Portfolio
Table 149: Product Developments
Table 150: Partnerships and Collaborations
Table 151: Field Roast Foods: Product Portfolio
Table 152: General Mills, Inc: Product Portfolio
Table 153: Impossible Foods Inc.: Product Portfolio
Table 154: Nestle: Product Portfolio
Table 155: Partnerships and Collaborations
Table 156: Perfect Day: Product Portfolio
Table 157: Partnerships and Collaborations
Table 158: The Hain Celestial Group, Inc,: Product Portfolio
Table 159: Tesco PLC: Product Portfolio