Plant-Based Food & Beverages Market—Forecast till 2028

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the global plant-based food & beverages market is expected to exhibit a CAGR of 10.92% and reach a value of USD 40,697.2 million by 2028.

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Plant-Based Food & Beverages Market—Forecast till 2028

Market Overview
the global plant-based food & beverages market is expected to exhibit a CAGR of 10.92% and reach a value of USD 40,697.2 million by 2028. Plant-based food and beverages are referred to as foods comprising of or got from plant-based ingredients like natural products, vegetables, vegetables, nuts, and grains. They don’t contain any animal-based ingredients and are in this manner liked by shoppers embracing a veggie lover or vegetarian diet. Plant-based food and beverages are veggie lovers well disposed of, and the items fabricated by the organization are guaranteed as vegetarian amicable.

The global plant-based food and beverages market is estimated to register a healthy development during the projected time frame. There are a few factors emphatically or contrarily influencing the market development such as the growing popularity of the vegan diet among people and the growing prevalence of lactose intolerance. However, the poor sensory properties and allergen reaction associated with certain plant protein sources and taste of the products may hinder the global market growth during the study period

Segment Overview
The global plant-based food & beverages market has been classified into Product Type, source, category, and distribution channel.
By product type, the global plant-based food & beverages market has been segmented into plant-based milk & derivatives, plant-based milk, plant-based meat, bakery & confectionery, sweet & savory snacks, plant-based juices, RTD tea & coffee, and others. The plant-based milk & derivatives segment is further classified into plant-based milk, plant-based cheese, plant-based yogurt, plant-based butter, and others. The plant-based meat is further sub-divided into tofu & tofu products, sausages & patties, seitan, tempeh, and others.
In terms of source segment, the global plant-based food & beverages market has been classified as soy, wheat, pea, coconut, almond, cashew, and others.
Based on category type, the global plant-based food & beverages market has been segregated as conventional and organic. By distribution channel, the global plant-based food & beverages market has been divided into store-based and non-store-based. The store-based segment is further segmented as supermarkets & hypermarkets, convenience stores, and others.
Regional Analysis
Geographically, the global plant-based food & beverages market has been classified into North America, Europe, Asia-Pacific, and the Rest of the World. Europe dominated the market with a market share of 37.41% in 2020 and is also evaluated to exhibit a rapid growth rate between 2021 and 2028. North America is anticipated to register a CAGR of 10.77% during the review period having the second-largest market in 2020.
Europe is anticipated to be an attractive region for manufacturers of plant-based food & beverages in the future. The regional market is driven by the demand for plant-based food & beverages. Additionally, Consumer’ inclination towards healthy and nutritious drink choices over high-calorie soft drinks fuels the market development.
Major Players
The key players in the global plant-based food & beverages market include Tyson Foods, Inc (Arkansas), Danone SA (France), Nestlé S.A. (Switzerland), General Mills, Inc. (US), Clara Foods (US), Keystone Natural Holdings (US), Premier Foods Plc (UK), Del Monte Fresh Produce NA, Inc. (US), Amy’s Kitchen (US), and Blue Diamond Growers (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 CONTENTS

1 EXECUTIVE SUMMARY 16

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY PRODUCT TYPE 18

1.1.2 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, SOURCE 19

1.1.3 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, CATEGORY 20

1.1.4 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, DISTRIBUTION CHANNEL 21

1.1.5 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY REGION 22

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 RESEARCH OBJECTIVE 23

2.4 MARKET STRUCTURE 24

2.5 KEY BUYING CRITERIA 25

3 RESEARCH METHODOLOGY 26

3.1 RESEARCH PROCESS 26

3.2 PRIMARY RESEARCH 27

3.3 SECONDARY RESEARCH 28

3.4 MARKET SIZE ESTIMATION 29

3.5 FORECAST MODEL 30

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 31

4 MARKET DYNAMICS 32

4.1 INTRODUCTION 32

4.2 DRIVERS 33

4.2.1 RISING PREVALENCE OF LACTOSE INTOLERANCE 33

4.2.2 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 33

4.2.3 DRIVERS IMPACT ANALYSIS 34

4.3 RESTRAINTS 34

4.3.1 POOR SENSORY PROPERTIES AND ALLERGEN REACTION ASSOCIATED TO CERTAIN PLANT PROTEIN

SOURCES 34

4.3.2 HIGH DEMAND FOR PROBIOTIC DRINKS AND SUGAR-FREE CARBONATED BEVERAGES 35

4.3.3 RESTRAINT IMPACT ANALYSIS 35

4.4 OPPORTUNITIES 36

4.4.1 RISING ADOPTION OF PLANT-PROTEIN INGREDIENTS AMONG THE FOOD & BEVERAGES MANUFACTURERS 36

4.4.2 GROWTH OF THE ORGANIZED RETAIL SECTOR IN EMERGING ECONOMIES 36

4.5 CHALLENGES 36

4.5.1 CONSUMER PREFERENCE 36

5 MARKET FACTOR ANALYSIS 37

5.1 VALUE CHAIN ANALYSIS 37

5.1.1 RAW MATERIAL PROCUREMENT 38

5.1.2 PROCESSING 39

5.1.3 PACKAGING 39

5.2 SUPPLY CHAIN ANALYSIS 40

5.3 PORTER’S FIVE FORCES MODEL 41

5.3.1 THREAT OF NEW ENTRANTS 41

5.3.2 BARGAINING POWER OF SUPPLIERS 42

5.3.3 BARGAINING POWER OF BUYERS 42

5.3.4 THREAT OF SUBSTITUTES 42

5.3.5 INTENSITY OF RIVALRY 42

6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL PLANT-BASED FOOD &

BEVERAGES MARKET 43

7 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY PRODUCT TYPE 45

7.1 OVERVIEW 45

7.1.1 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 46

7.2 PLANT-BASED MILK & DERIVATIVES 47

7.2.1 PLANT-BASED MILK & DERIVATIVES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

7.3 PLANT-BASED MEAT 48

7.3.1 PLANT-BASED MEAT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48

7.4 BAKERY & CONFECTIONERY 49

7.4.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 49

7.5 SWEET & SAVORY SNACKS 50

7.5.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

7.6 PLANT-BASED JUICES 51

7.6.1 PLANT-BASED JUICES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

7.7 RTD TEA & COFFEE 52

7.7.1 RTD TEA & COFFEE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

7.8 OTHERS 53

7.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 53

8 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY SOURCE 54

8.1 OVERVIEW 54

8.1.1 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 55

8.2 SOY 56

8.2.1 SOY: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 56

8.3 WHEAT 57

8.3.1 WHEAT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 57

8.4 PEA 58

8.4.1 PEA: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 58

8.5 COCONUT 59

8.5.1 COCONUT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 59

8.6 ALMOND 60

8.6.1 ALMOND: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 60

8.7 CASHEW 61

8.7.1 CASHEW: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 61

8.8 OTHERS 62

8.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 62

9 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY CATEGORY 63

9.1 OVERVIEW 63

9.1.1 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 64

9.2 CONVENTIONAL 64

9.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 64

9.3 ORGANIC 65

9.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 65

10 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY DISTRIBUTION CHANNEL 66

10.1 OVERVIEW 66

10.1.1 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL,

2019–2028 67

10.2 STORE-BASED 68

10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 68

10.3 NON-STORE-BASED 69

10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 69

11 GLOBAL PLANT-BASED FOOD & BEVERAGES MARKET, BY REGION 70

11.1 OVERVIEW 70

11.2 NORTH AMERICA 72

11.2.1 US 77

11.2.2 CANADA 80

11.2.3 MEXICO 83

11.3 EUROPE 86

11.3.1 GERMANY 91

11.3.2 UK 94

11.3.3 FRANCE 97

11.3.4 ITALY 100

11.3.5 SPAIN 103

11.3.6 REST OF EUROPE 106

11.4 ASIA-PACIFIC 109

11.4.1 CHINA 114

11.4.2 INDIA 117

11.4.3 JAPAN 120

11.4.4 AUSTRALIA & NEW ZEALAND 123

11.4.5 REST OF ASIA-PACIFIC 126

11.5 REST OF THE WORLD 129

11.5.1 SOUTH AMERICA 133

11.5.2 MIDDLE EAST 136

11.5.3 AFRICA 139

12 COMPETITIVE LANDSCAPE 142

12.1 INTRODUCTION 142

12.1.1 MARKET STRATEGY ANALYSIS 142

12.2 COMPETITIVE BENCHMARKING 143

12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 144

12.3.1 PRODUCT LAUNCH 144

12.3.2 ACQUISITION 145

12.3.3 EXPANSION 146

12.3.4 COLLABORATION 146

12.3.5 INVESTMENT 147

12.3.6 PARTNERSHIP 147

13 COMPANY PROFILES 148

13.1 TYSON FOODS, INC. 148

13.1.1 COMPANY OVERVIEW 148

13.1.2 FINANCIAL OVERVIEW 149

13.1.3 PRODUCTS OFFERED 149

13.1.4 KEY DEVELOPMENTS 150

13.1.5 KEY STRATEGIES 150

13.2 DANONE SA 151

13.2.1 COMPANY OVERVIEW 151

13.2.2 FINANCIAL OVERVIEW 151

13.2.3 PRODUCTS OFFERED 152

13.2.4 KEY DEVELOPMENTS 152

13.2.5 SWOT ANALYSIS 153

13.2.6 KEY STRATEGIES 153

13.3 NESTLÉ S.A. 154

13.3.1 COMPANY OVERVIEW 154

13.3.2 FINANCIAL OVERVIEW 154

13.3.3 PRODUCTS OFFERED 155

13.3.4 KEY DEVELOPMENTS 155

13.3.5 SWOT ANALYSIS 156

13.3.6 KEY STRATEGIES 156

13.4 GENERAL MILLS, INC. 157

13.4.1 COMPANY OVERVIEW 157

13.4.2 FINANCIAL OVERVIEW 158

13.4.3 PRODUCTS OFFERED 159

13.4.4 KEY DEVELOPMENTS 159

13.4.5 SWOT ANALYSIS 160

13.4.6 KEY STRATEGIES 160

13.5 CLARA FOODS 161

13.5.1 COMPANY OVERVIEW 161

13.5.2 FINANCIAL OVERVIEW 161

13.5.3 PRODUCTS OFFERED 161

13.5.4 KEY DEVELOPMENTS 161

13.5.5 KEY STRATEGIES 162

13.6 KEYSTONE NATURAL HOLDINGS 163

13.6.1 COMPANY OVERVIEW 163

13.6.2 FINANCIAL OVERVIEW 163

13.6.3 PRODUCTS OFFERED 163

13.6.4 KEY DEVELOPMENTS 164

13.6.5 KEY STRATEGIES 164

13.7 PREMIER FOODS PLC 165

13.7.1 COMPANY OVERVIEW 165

13.7.2 FINANCIAL OVERVIEW 165

13.7.3 PRODUCTS OFFERED 166

13.7.4 KEY DEVELOPMENTS 166

13.7.5 SWOT ANALYSIS 167

13.7.6 KEY STRATEGIES 167

13.8 DEL MONTE FRESH PRODUCE N.A., INC. 168

13.8.1 COMPANY OVERVIEW 168

13.8.2 FINANCIAL OVERVIEW 168

13.8.3 PRODUCTS OFFERED 169

13.8.4 KEY DEVELOPMENTS 169

13.8.5 KEY STRATEGIES 169

13.9 AMY’S KITCHEN 170

13.9.1 COMPANY OVERVIEW 170

13.9.2 FINANCIAL OVERVIEW 170

13.9.3 PRODUCTS OFFERED 170

13.9.4 KEY DEVELOPMENTS 170

13.9.5 SWOT ANALYSIS 171

13.9.6 KEY STRATEGIES 171

13.10 BLUE DIAMOND GROWERS 172

13.10.1 COMPANY OVERVIEW 172

13.10.2 FINANCIAL OVERVIEW 172

13.10.3 PRODUCTS OFFERED 172

13.10.4 KEY DEVELOPMENTS 175

13.10.5 KEY STRATEGIES 175

14 REFERENCES 176