Plant-Based Food and Beverages Market Share Set for Rapid Growth and Trend by 2030

The plant-based food and beverage marketis expected to expand at a CAGR of 9.01% from 2023-2030, increasing from USD 24.2 billion to USD 40.6 billion.

Market Research Future Insights

 

According to MRFR analysis, the global plant-based food and beverages market is expected to register a CAGR of 9.01% from 2023 to 2030 and hold a value of over USD 40.6 billion by 2030.

 

The Plant-Based Food And Beverages Market Trends refers to the market for products that are derived from plant sources and are meant to replace animal-based products in the human diet. Examples of plant-based food and beverages include soy milk, almond milk, tofu, tempeh, plant-based burgers, and meat substitutes.

The COVID-19 pandemic has had a significant impact on the plant-based food and beverages market. As more people began to prioritize health and wellness during the pandemic, many turned to plant-based products as a healthier alternative to traditional meat and dairy products. Additionally, disruptions in the meat supply chain due to COVID-19 outbreaks at meat processing facilities led to an increase in demand for plant-based meat substitutes.

 

Regional Analysis

The Plant-Based Food And Beverages Market Share is growing rapidly across the globe, with the Asia Pacific region projected to be the fastest-growing market. This is due in part to the large and growing population in the region, as well as increasing awareness of the environmental and health benefits of plant-based diets. Other key regions for the plant-based food and beverages market include North America and Europe.

Market Segmentation

The Global plant-based food and beverages market has been segmented into based on product type, source, category, and distribution channel.

Based on Product Type: Plant-Based Milk Derivatives, Plant-Based Milk, Plant-Based Meat, Bakery Confectionery, Sweet Savory Snacks, Plant-Based Juices and RTD Tea Coffee

Based on Source: Soy, Wheat, Pea, Coconut, Almond and Cashew

Based on Category: Conventional and Organic

Based on Distribution Channel: Store-Based and Non-Store-Based

Key Players

Some of the top key market players are Tyson Foods Inc (Arkansas), Danone SA (France), Nestlé S.A. (Switzerland), General Mills Inc. (US), Clara Foods (US), Keystone Natural Holdings (US), and Premier Foods (US). Foods Plc (UK) (US)

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Smita Das

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