Plant-Based Food and Beverage Market Growth, Trends, Scope, Competitor Analysis and Forecast 2030

Plant-Based Food and Beverage Market size was valued at USD 65.44 Billion in 2023 and the Plant-Based Food and Beverage Market revenue is expected to reach USD 132.81 Billion by 2030, at a CAGR of 10.64% over the forecast period.

Plant-Based Food and Beverage Market Overview

The comprehensive Plant-Based Food and Beverage Market report, conducted by Maximize Market Research, provides a detailed regional analysis and competitive landscape. The Plant-Based Food and Beverage Market Overview provides a comprehensive insight into the dynamics and trends of the Plant-Based Food and Beverage market. It encompasses key factors such as market size, growth projections, competitive landscape, and emerging opportunities. This section offers a holistic perspective for stakeholders, aiding in understanding the current state and future potential of the Plant-Based Food and Beverage market.

Plant-Based Food and Beverage Market size was valued at USD 65.44 Billion in 2023 and the Plant-Based Food and Beverage Market revenue is expected to reach USD 132.81 Billion by 2030, at a CAGR of 10.64% over the forecast period.

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Plant-Based Food and Beverage Market Segmentation

by Type

Plant-Based Milk Alternatives
Almond milk
Soy milk
Oat milk
Coconut milk
Rice milk
Plant-Based Meat Substitutes
Tofu
Tempeh
Seitan
Others
Others

The market is divided into Plant-Based Meat Substitutes, Plant-Based Milk Alternatives, and Others based on Type. Throughout the course of the forecast period, the plant-based Milk Alternatives category is anticipated to maintain its dominant market share in the Plant-Based Food and Beverage market. It led the market in 2023. Non-dairy substitutes for conventional cow's milk are offered in the Plant-Based Milk Alternatives sector of the Plant-Based Food and Beverage business. A number of causes, including the surge in plant-based diets, environmental concerns, dairy allergies, and lactose intolerance, have contributed to the tremendous growth of this market in recent years. The nutritional value of plant-based milk substitutes varies based on the plant source and any fortification that plant-based food and beverage producers add. Although they don't naturally have as much protein as milk from cows,For plant-based milks to be more nutritionally comparable to dairy milk, many of them are fortified with minerals like calcium, vitamin D, vitamin B12, and protein.

by Distribution Channel

Retail Stores
E-commerce
Foodservice

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Plant-Based Food and Beverage Market Scope and Methodology

The report provides a comprehensive analysis of the global Plant-Based Food and Beverage market, covering trends, forecasts, and monetary values. It meticulously examines segments and sub-segments in both global and regional Plant-Based Food and Beverage markets, using a bottom-up approach for accurate market size estimation. Detailed information on key market players and newcomers is included, encompassing services, revenue, financial status, portfolios, growth strategies, and regional presence. The report also forecasts market size, growth rate, and highlights present and future trends within the Plant-Based Food and Beverage market.

Furthermore, the report presents an in-depth analysis of demand projections, market trends, and micro and macro factors impacting the Plant-Based Food and Beverage market. It identifies drivers and constraints influencing market growth. Utilizing qualitative and quantitative research methods, including tools like SWOT, PESTLE, and Porter's Five Forces analyses, the report offers a comprehensive grasp of market dynamics. Additionally, the report provides insights into upcoming developments expected to shape Plant-Based Food and Beverage demand in the foreseeable future.

Plant-Based Food and Beverage Market Regional Insights

The Plant-Based Food and Beverage market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area. The report provides a comprehensive analysis of various factors, including market size, growth rate, and import-export activities, across different regions. Regional analysis is conducted to assess the status of the Plant-Based Food and Beverage market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Plant-Based Food and Beverage Market Key Players

North America:
1. Beyond Meat, Inc. - El Segundo, California, United States.
2. Impossible Foods Inc. - Redwood City, California, United States.
3. Danone North America - White Plains, New York, United States.
4. Califia Farms - Los Angeles, California, United States.
5. Daiya Foods Inc. - Vancouver, British Columbia, Canada.
6. Ripple Foods - Emeryville, California, United States.
7. Gardein - Richmond, British Columbia, Canada.
8. Oatly AB - Malmo, Sweden (with significant operations in North America).
9. Tofurky - Hood River, Oregon, United States.
10. Sweet Earth Foods - Moss Landing, California, United States.
Europe
11. Quorn Foods - Stokesley, North Yorkshire, United Kingdom.
12. Violife - Thessaloniki, Greece.
13. Alpro - Ghent, Belgium
14. The Vegetarian Butcher - Breda, Netherlands
15. Plenish - London, United Kingdom.
16. Veganz - Berlin, Germany.
17. Wicked Healthy - London, United Kingdom.
18. Naturli' Foods - Copenhagen, Denmark.
19. Moving Mountains - London, United Kingdom.
20. Vivera - Holten, Netherlands.
Asia-Pacific:
21. Nutritional Holdings Limited - Gold Coast, Queensland, Australia.
22. Sanitarium Health Food Company - Warburton, Victoria, Australia.
23. Nature's Charm - Bangkok, Thailand.
24. Sunfed Meats - Auckland, New Zealand.
25. OmniPork - Hong Kong.
26. Vitasoy International Holdings Limited - Hong Kong.
27. Green Common - Hong Kong.
28. Yum China Holdings, Inc. - Shanghai, China.
29. Cocowhip - Byron Bay, New South Wales, Australia.
30. Otsuka Holdings Co., Ltd. - Tokyo, Japan.

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Table of content for the Plant-Based Food and Beverage Market includes:

Global Plant-Based Food and Beverage Market: Research Methodology
Global Plant-Based Food and Beverage Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Plant-Based Food and Beverage Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Key questions answered in the Plant-Based Food and Beverage Market are:

  • What is Plant-Based Food and Beverage?
  • What was the Plant-Based Food and Beverage market size in 2023?
  • What are the different segments of the Plant-Based Food and Beverage Market?
  • What growth strategies are the players considering to increase their presence in Plant-Based Food and Beverage?
  • What are the upcoming industry applications and trends for the Plant-Based Food and Beverage Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Plant-Based Food and Beverage Market?
  • What major challenges could the Plant-Based Food and Beverage Market face in the future? 
  • What segments are covered in the Plant-Based Food and Beverage Market?
  • Who are the leading companies and what are their portfolios in Plant-Based Food and Beverage Market? 
  • What segments are covered in the Plant-Based Food and Beverage Market?
  • Who are the key players in the Plant-Based Food and Beverage market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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