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Plant-based Food Market Size, Growth, Demands Outlook and Forecasts to 2032

Precedence Research - February 02, 2023

According to the research report, the global plant-based food market size is expected to touch USD 99.7 Billion by 2032, from USD 42.8 Billion in 2022, growing with a significant CAGR of 8.82% from 2022 to 2032. 


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

The plant-based food report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global plant-based food in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global plant-based food market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global plant-based food during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/2585

 Report Scope of the Plant-based Food Market

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 Sou

This study covers a detailed segmentation of the global plant-based food market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global plant-based food market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • 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

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Research Methodology

The research methodology adopted by analysts for compiling the global plant-based food report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global plant-based food market.

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

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