According to the latest report by IMARC Group, titled “Plant-based Food Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global plant-based food market reached a value of US$ 35.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 10.4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Plant-based food refers to a variety of food products derived from vegetables, fruits, nuts, whole grains, legumes, oils and other plant sources. Tofu, coconut, almond milk, tempeh and seitan are plant-based food products that do not contain animal-sourced ingredients like meat, milk, and eggs. They are rich in numerous essential nutrients, including vitamin B1, C and E, folic acid, magnesium, and iron. They also comprise minimal cholesterol and saturated fats, which aids in reducing the risk of heart diseases, metabolic disorders, diabetes, obesity, high blood pressure, and some types of cancer. Nowadays, plant-based foods are highly preferred by health-conscious consumers due to their low-calorie and high-protein content.
Plant Based Food Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the plant-based food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amy’s Kitchen Inc.
- Atlantic Natural Foods LLC
- Beyond Meat Inc.
- Danone SA
- Garden Protein International Inc.
- Impossible Foods Inc.
- Lightlife Foods Inc. (Maple Leaf Foods Inc.)
- Nestle S.A.
- Tyson Foods Inc.
- Vbite Food Ltd.
Key Market Segmentation:
The report has segmented the plant based food market on the basis of type, source, Distribution Channel and region.
Breakup by Type:
- Dairy Alternatives
- Meat Alternatives
- Egg Substitutes and Condiments
Breakup by Source:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/plant-based-food-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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