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

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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Description

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

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