Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026

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According to statistics, the Global Plant-Based Food Ingredients Market is forecasted to exhibit a CAGR of 9.88% to reach USD 21,351.9 Million during the review period.

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Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026
Market Overview
According to statistics, the Global Plant-Based Food Ingredients Market is forecasted to exhibit a CAGR of 9.88% to reach USD 21,351.9 Million during the review period. The food ingredients obtained from plants are known as plant-based food ingredients. The ingredients are derived from fruits, vegetables, legumes, grains, nuts, and seeds such as pieces of bread, pasta, breakfast cereals, cooked and fermented vegetables and legumes, and fruit purées, juices, and jams. The rising popularity of vegetarian and vegan food is expected to fuel the growth of the global plant-based food ingredients in the future. However, the Covid-19 outbreak has impacted positively on the global plant-based ingredients market.
The global plant-based ingredients market is expected to witness healthy growth during the forecast period owing to the rising adoption of a healthy lifestyle among consumers. Today’s consumers are very health conscious and have realized the benefits of a healthy and plant-based diet. Moreover, the rising concerns of protecting animals, preserving the environment, general health issues, and changing taste preferences are fuelling the market growth during the review period. However, lack of sensory properties and allergic reactions associated with some plant protein sources are expected to hinder the market growth during the study period. Additionally, the rising trend of veganism due to increasing concerns regarding animal welfare, human health, and the environment are expected to propel the market over the forecast period.

Market Segmentation
The global plant-based food ingredients market has been classified into Source, Category, and Application.
Based on source, the global plant-based food ingredients market has been segmented into soy, pea, rice, almond, cashew, oats, coconut, and others. In terms of the Category segment, the global market has been divided into Organic and Conventional.
Based on Application Type, Global Plant-Based Food Ingredients Market has been classified into Plant-Based Milk & Derivatives, Bakery & Confectionery. In terms of Plant-Based Milk & Derivatives, the market is further categorized into Plant-Based Milk, Plant-Based Cheese, Plant-Based Ice Cream, Plant-Based Yogurt, Plant-Based Butter, and Others. The Bakery & Confectionery segment is further divided into Sweet & Savory Snacks, Meat Substitutes, RTE & RTC Meals, and Others.

Regional Analysis

Geographically, the Global Plant-Based Food Ingredients Market has been spread across North America, Europe, Asia Pacific, and the Rest of the world.
Europe accounted for a 35.37% share of the market in 2019 and it is projected to exhibit a CAGR of 9.97% during the review period. The regional market is driven by the growing demand for plant-based food ingredients. Additionally, the rising consumer preference towards organic and genetically modified (GM) free supply chains combined with a rising prevalence of vegetarian and vegan communities are expected to surge the market during the review period.
Key Players
Prominent Players in the Global Plant-Based Food Ingredients Market include Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc. (US), Cargill Inc. (US), Puris Proteins, LLC (US), BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc. (Canada), Döhler GmbH (Germany), and The Scoular Company (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY SOURCE 17

1.1.2 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY CATEGORY 18

1.1.3 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY APPLICATION 19

1.1.4 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY REGION 20

2 MARKET INTRODUCTION
2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 22

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 23

3.2 PRIMARY RESEARCH 24

3.3 SECONDARY RESEARCH 25

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 27

3.6 LIST OF ASSUMPTIONS 28

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 31

5.2 DRIVERS 32

5.2.1 RISING PREVALENCE OF LACTOSE INTOLERANCE 32

5.2.2 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 32

5.2.3 DRIVERS IMPACT ANALYSIS 33

5.3 RESTRAINT 33

5.3.1 POOR SENSORY PROPERTIES AND ALLERGEN REACTION ASSOCIATED WITH CERTAIN PLANT

PROTEIN SOURCES 33

5.3.2 RESTRAINT IMPACT ANALYSIS 34

5.4 OPPORTUNITY 34

5.4.1 RISING ADOPTION OF PLANT-PROTEIN INGREDIENTS IN NOVEL APPLICATIONS BY FOOD AND BEVERAGE MANUFACTURERS 34

5.5 CHALLENGE 35

5.5.1 CONSUMER PREFERENCE 35

6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 36

6.1.1 RAW MATERIAL PROCUREMENT 37

6.1.2 PROCESSING 38

6.1.3 PACKAGING 38

6.2 SUPPLY CHAIN ANALYSIS 38

6.3 PORTER’S FIVE FORCES MODEL 39

6.3.1 THREAT OF NEW ENTRANTS 40

6.3.2 BARGAINING POWER OF SUPPLIERS 40

6.3.3 THREAT OF SUBSTITUTES 40

6.3.4 BARGAINING POWER OF BUYERS 40

6.3.5 INTENSITY OF RIVALRY 41

7 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET
8 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY SOURCE
8.1 OVERVIEW 45

8.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY SOURCE, 2018–2026 46

8.2 SOY 47

8.2.1 SOY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 47

8.3 PEA 48

8.3.1 PEA: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 48

8.4 RICE 49

8.4.1 RICE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 49

8.5 ALMOND 50

8.5.1 ALMOND: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 50

8.6 CASHEW 51

8.6.1 CASHEW: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 51

8.7 OATS 52

8.7.1 OATS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 52

8.8 COCONUT 53

8.8.1 COCONUT: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 53

8.9 OTHERS 54

8.9.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 54

9 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY CATEGORY
9.1 OVERVIEW 55

9.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018–2026 56

9.2 ORGANIC 56

9.2.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 56

9.3 CONVENTIONAL 57

9.3.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 57

10 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY APPLICATION
10.1 OVERVIEW 58

10.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018–2026 59

10.2 PLANT-BASED MILK & DERIVATIVES 60

10.2.1 PLANT-BASED MILK & DERIVATIVES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 60

10.3 BAKERY & CONFECTIONERY 61

10.3.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 61

10.4 SWEET & SAVORY SNACKS 62

10.4.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 62

10.5 MEAT SUBSTITUTES 63

10.5.1 MEAT SUBSTITUTES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 63

10.6 RTE & RTC MEALS 64

10.6.1 RTE & RTC MEALS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 64

10.7 OTHERS 65

10.7.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 65

11 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY REGION
11.1 OVERVIEW 66

11.2 NORTH AMERICA 68

11.2.1 US 71

11.2.2 CANADA 73

11.2.3 MEXICO 75

11.3 EUROPE 77

11.3.1 GERMANY 80

11.3.2 UK 82

11.3.3 FRANCE 84

11.3.4 SPAIN 86

11.3.5 ITALY 88

11.3.6 REST OF EUROPE 90

11.4 ASIA-PACIFIC 92

11.4.1 CHINA 95

11.4.2 JAPAN 97

11.4.3 INDIA 99

11.4.4 AUSTRALIA & NEW ZEALAND 101

11.4.5 REST OF ASIA-PACIFIC 103

11.5 REST OF THE WORLD 105

11.5.1 SOUTH AMERICA 108

11.5.2 MIDDLE EAST 110

11.5.3 AFRICA 112

12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION 114

12.1.1 MARKET STRATEGY ANALYSIS 114

12.2 COMPETITIVE BENCHMARKING 115

12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 116

12.3.1 PRODUCT LAUNCHES 116

12.3.2 EXPANSIONS 117

12.3.3 ACQUISITIONS 117

12.3.4 JOINT VENTURES 118

12.3.5 PARTNERSHIPS 118

13 COMPANY PROFILES
13.1 INGREDION INC. 119

13.1.1 COMPANY OVERVIEW 119

13.1.2 FINANCIAL OVERVIEW 120

13.1.3 PRODUCTS OFFERED 121

13.1.4 KEY DEVELOPMENTS 122

13.1.5 SWOT ANALYSIS 123

13.1.6 KEY STRATEGIES 123

13.2 ARCHER-DANIELS-MIDLAND COMPANY 124

13.2.1 COMPANY OVERVIEW 124

13.2.2 FINANCIAL OVERVIEW 125

13.2.3 PRODUCTS OFFERED 126

13.2.4 KEY DEVELOPMENTS 127

13.2.5 SWOT ANALYSIS 128

13.2.6 KEY STRATEGIES 128

13.3 DUPONT DE NEMOURS, INC. 129

13.3.1 COMPANY OVERVIEW 129

13.3.2 FINANCIAL OVERVIEW 129

13.3.3 PRODUCTS OFFERED 130

13.3.4 KEY DEVELOPMENTS 130

13.3.5 SWOT ANALYSIS 131

13.3.6 KEY STRATEGIES 131

13.4 CARGILL INC. 132

13.4.1 COMPANY OVERVIEW 132

13.4.2 FINANCIAL OVERVIEW 132

13.4.3 PRODUCTS OFFERED 133

13.4.4 KEY DEVELOPMENTS 133

13.4.5 SWOT ANALYSIS 134

13.4.6 KEY STRATEGIES 134

13.5 PURIS PROTEINS, LLC 135

13.5.1 COMPANY OVERVIEW 135

13.5.2 FINANCIAL OVERVIEW 135

13.5.3 PRODUCTS OFFERED 135

13.5.4 KEY DEVELOPMENTS 136

13.5.5 SWOT ANALYSIS 136

13.5.6 KEY STRATEGIES 137

13.6 BI NUTRACEUTICALS, INC. 138

13.6.1 COMPANY OVERVIEW 138

13.6.2 FINANCIAL OVERVIEW 138

13.6.3 PRODUCTS OFFERED 138

13.6.4 KEY DEVELOPMENTS 139

13.6.5 KEY STRATEGIES 139

13.7 OLAM INTERNATIONAL 140

13.7.1 COMPANY OVERVIEW 140

13.7.2 FINANCIAL OVERVIEW 140

13.7.3 PRODUCTS OFFERED 141

13.7.4 KEY DEVELOPMENTS 141

13.7.5 KEY STRATEGIES 141

13.8 SUNOPTA INC. 142

13.8.1 COMPANY OVERVIEW 142

13.8.2 FINANCIAL OVERVIEW 142

13.8.3 PRODUCTS OFFERED 143

13.8.4 KEY DEVELOPMENTS 144

13.8.5 KEY STRATEGIES 144

13.9 DÖHLER GMBH 145

13.9.1 COMPANY OVERVIEW 145

13.9.2 FINANCIAL OVERVIEW 145

13.9.3 PRODUCTS OFFERED 145

13.9.4 KEY DEVELOPMENTS 146

13.9.5 KEY STRATEGIES 146

13.10 THE SCOULAR COMPANY 147

13.10.1 COMPANY OVERVIEW 147

13.10.2 FINANCIAL OVERVIEW 147

13.10.3 PRODUCTS OFFERED 147

13.10.4 KEY DEVELOPMENTS 148

13.10.5 KEY STRATEGIES 148

14 REFERENCES