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Plant-based Food Market Size At Around US$ 99.7 Bn In 2032

The plant-based food market would grow at a CAGR of 8.82% over the predicted time frame. The market is expected to increase in value from US$ 42.8 Bn in 2022 to US$ 99.7 Bn in 2032.

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

The on plant-based food Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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A recent report provides crucial insights along with application based and forecast information in the Global Plant-based food Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Plant-based food market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Plant-based food market are included as given below:

Plant-based food Market 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 Segments

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

Report Objectives

  • To define, describe, and forecast the global plant-based food market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the 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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