June 17, 2024

Plant-based Food Market Size To Cross USD 99.7 Bn By 2032

The global plant-based food market size accounted for US$ 42.8 Bn in 2022 and is projected to reach around USD 99.7 Bn by 2032, growing at a CAGR of 8.82% from 2023 to 2032.

Plant-based Food Market Size 2023 To 2032 - Precedence Statistics

Report Summary

The global plant-based food market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the plant-based food market across the globe.

A comprehensive estimate on the plant-based food market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of plant-based food during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Plant-based Food Market Report Scope 

Report CoverageDetails
Market Size in 2023USD 46.58 Billion
Market Size by 2032USD 99.7 Billion
Growth Rate from 2023 to 2032CAGR of 8.82%
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Product Type, By Source, By Distribution Channel

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized plant-based food market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Transportation Analytics Market Size To Cross USD 71.78 Bn By 2032

Plant-based Food Market Players

The report includes the profiles of key plant-based food market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Bayer AG
  • Abbott
  • Koninklijke DSM N.V.
  • DuPont.
  • Amway
  • The Nature’s Bounty Co.
  • GlaxoSmithKline plc.
  • Nestlé
  • RiceBran Technologies
  • Mead Johnson & Company, LLC.
  • Medifast, Inc.
  • Premier Nutrition Corporation
  • TOOTSI IMPEX Inc.
  • U.S. Spice Mills, Inc.
  • Health Food Manufacturers’ Association
  • NOW Foods
  • Glanbia PLC
  • Herbalife International of America, Inc.
  • Bionova
  • Puris
  • Ingredion GmbH
  • Morning Star Farms
  • Sotexpro
  • Tyson Food, Inc.
  • Glanbia Plc
  • Ocean Hugger Foods
  • Good Catch Foods
  • Impossible Foods, Inc.
  • New Wave Foods
  • Sophie’s Kitchen, Inc.
  • Gardein
  • Quorn (Monde Nissin Corporation)

Market Segmentation

By Product Type

  • Dairy Alternatives
  • Meat Alternatives
  • Seafood Alternatives
  • Baked Goods and Confectionery
  • RTD Beverages
  • RTE Meals
  • Others

By Source

  • Soy
  • Wheat
  • Pea
  • Canola
  • Lentil
  • Others

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • HoReCa
  • Convenience Stores
  • Online Sales

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Plant-based Food Market 

5.1. COVID-19 Landscape: Plant-based Food Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Plant-based Food Market, By Product Type

8.1. Plant-based Food Market, by Product Type, 2023-2032

8.1.1 Dairy Alternatives

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Meat Alternatives

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Seafood Alternatives

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Baked Goods and Confectionery

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. RTD Beverages

8.1.5.1. Market Revenue and Forecast (2020-2032)

8.1.6. RTE Meals

8.1.6.1. Market Revenue and Forecast (2020-2032)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Plant-based Food Market, By Source

9.1. Plant-based Food Market, by Source, 2023-2032

9.1.1. Soy

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Wheat

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Pea

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Canola

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Lentil

9.1.5.1. Market Revenue and Forecast (2020-2032)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Plant-based Food Market, By Distribution Channel 

10.1. Plant-based Food Market, by Distribution Channel, 2023-2032

10.1.1. Supermarkets and Hypermarkets

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Specialty Stores

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. HoReCa

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Convenience Stores

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Online Sales

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Plant-based Food Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.1.2. Market Revenue and Forecast, by Source (2020-2032)

11.1.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.1.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.1.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.2.2. Market Revenue and Forecast, by Source (2020-2032)

11.2.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.2.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.2.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.2.6.2. Market Revenue and Forecast, by Source (2020-2032)

11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.2.7.2. Market Revenue and Forecast, by Source (2020-2032)

11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.3.2. Market Revenue and Forecast, by Source (2020-2032)

11.3.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.3.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.3.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.3.6.2. Market Revenue and Forecast, by Source (2020-2032)

11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.3.7.2. Market Revenue and Forecast, by Source (2020-2032)

11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.4.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.4.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.4.6.2. Market Revenue and Forecast, by Source (2020-2032)

11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.4.7.2. Market Revenue and Forecast, by Source (2020-2032)

11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.5.4.2. Market Revenue and Forecast, by Source (2020-2032)

11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product Type (2020-2032)

11.5.5.2. Market Revenue and Forecast, by Source (2020-2032)

11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)

Chapter 12. Company Profiles

12.1. Bayer AG

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Abbott

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Koninklijke DSM N.V.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. DuPont.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Amway

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. The Nature’s Bounty Co.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. GlaxoSmithKline plc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Nestlé

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. RiceBran Technologies

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Mead Johnson & Company, LLC.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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