Plant Based Food Market

Plant Based Food Market Size, Share & Trends Analysis Report

Plant Based Food Market Size, Share & Trends Analysis Report By Food Type (Desserts, Snacks, Vegan Milk products, Vegan Butter/Ghee Alternatives, Vegan cheese, Egg Alternatives, Meat Substitutes, Soya protein, Tempeh, Lupin protein, Oat flakes, Pea protein, Quorn, Nutrition, Beverages, Fermented Drink, Health Drinks, Baby Food, Staples)), By Distribution Channel (Online Stores, Supermarkets & Hypermarkets, Convenience Stores, Department Stores, Cash And Carries & Warehouse Clubs, Drug Stores & Pharmacies, Food & Drinks Specialists, Vending Machines, On Trade), Based On Region, And Segment Forecasts, 2022 - 2029

Report ID : BMRC 2059
Number of pages : 300
Published Date : Apr 2023
Category : Vegan
Delivery Timeline : 48 hrs

Global Plant Based Food Market is valued at USD 41.78 Billion in 2021 and is expected to reach USD 93.92 Billion by 2028 with a CAGR of 12.27% over the forecast period.

Plant Based Food Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029- Increasing demand for organic foods, rising awareness regarding the health benefits of consuming plant-based food, and growing social media marketing of plant-based food are some of the major factors driving the growth of the Global Plant Based Food Market.

Scope of Plant Based Food Market Report-

Plant-based food Growth refers to various food products made from natural plant-sourced ingredients. There are different types of plant-based food including dairy alternatives, egg alternatives, meat Substitutes, nutrition, beverages, baby food, staples, and others. Usually, these food products are made using fruits, vegetables, nuts, oils, whole grains, & legumes and contain no animal-sourced ingredients such as meat, milk, or eggs. Some commonly consumedvegan food  include desserts, snacks, vegan dairy products, vegan butter/ghee alternatives, vegan cheese, vegan eggs, herbs and spices, pet foods, tofu, soya protein, tempeh, lupin protein, green spelt, oat flakes, black beans, chickpeas, pea protein, TVP, seiten, Quorn, baby foods, staples, and others. Plant-based foods are generally containing sources like fibre, healthy fats, protein, vitamins, and minerals. Balanced diets with these entities are in rich sources of vitamins B1, C, & E, magnesium, folic acid, iron etc. And it contains minimal cholesterol & saturated fats. Regular consumption can help reduce the risk of heart and metabolic disorders, diabetes, obesity, high blood pressure, and certain types of cancer. Throughout human history, different groups have adhered to vegan diets and in ancient Greece, the philosopher Pythagoras extolled the health benefits of a vegetarian diet.

The Covid-19 pandemic has enabled that global plant-based food industry to capture a significant market share . The Covid-19 pandemic likewise prompted some best practice models for the plant-based food industry. The pandemic has highlighted the association between public health and animal meat utilization, which has brought about customers switching to a vegan diet. Shopping patterns during the pandemic showed that shelf-stable foods were in huge demand as consumers stocked up for months-long quarantines. However, Covid-19 pandemic seriously affected the traditional meat processing industry, prompting the closure of various slaughterhouses because of disturbances in supply chains. From the above fact, Covid-19 pandemic has a positive impact on the global plant-based food market.

Key Players of Plant Based Food Market Report-

  • Amy's Kitchen
  • Beyond Meat
  • Boca Foods Company (Kraft Foods Inc.)
  • Gardein Protein International (Conagra Brands Inc.)
  • Impossible Foods
  • Maple Leaf Foods
  • MorningStar Farms (Kellogg Na Co.)
  • Quorn Foods
  • Nestle S.A
  • Atlantic Natural Foods LLC
  • Danone SA
  • Lightlife Foods (Maple Leaf Foods Inc.)
  • Tyson Foods
  • Vbite Food Ltd
  • Former Kraft exe
  • Vegan Bakery
  • GATO
  • Lenny & Larry's
  • Tesco
  • Biona
  • Morrisons
  • Pip & Nut
  • Whole Earth
  • Violife
  • GoodFarm
  • Indigo Herbs of Glastonbury
  • Barking Heads
  • The Tofoo Co
  • Waitrose
  • Wicked Kitchen
  • Ella's Kitchen
  • Piccolo
  • Kiddylicious
  • Herba Organica
  • Yumello
  • Ahimsa Food
  • Good Dot
  • Goodmylk
  • Evo Foods
  • BVeg Foods
  • Imagine Meats
  • Vezlay
  • Blue Tribe Foods
  • others

Plant-Based Food Market Segmentation

By Food Type

  • Desserts

    • Sweets   
    • Silver and gold leaves 
    • Ice cream 
    • Chocolate chips 
    • Confessionary   
    • Vegan cakes 
    • Others 
  • Snacks

    • Chips
    • Cookies
    • Crackers
    • Roasted chickpeas 
    • Fruit leather 
    • Others
  • Vegan Milk products 

    • Soya milk
    • Almond milk
    • Coconut milk
    • Oat milk
    • Rice milk
    • Cashew milk
    • Hemp milk
    • Quinoa Milk
    • Macadamia Milk
    • Others
  • Vegan Butter/Ghee Alternatives

    • Coconut oil
    • Olive oil
    • Sunflower oil
    • Avocado oil
    • Walnut oil
    • Peanut oil
    • Sesame oil
    • Canola oil
    • Flaxseed oil
    • Others
  • Vegan cheese

    • Mozzarella cheese
    • Parmesan cheese
    • Cheddar cheese
    • Gouda cheese
    • Cream cheese
    • Non- dairy-based cheese
    • Vegan blue cheese
    • Vegan Camembert & Cheese
    • Others
  • Egg Alternatives

    • Apple Sauce
    • Black Salt
    • Egg substitute powder
    • Chickpea Flour
    • Tapioca Starch
    • Nut butter
    • Carbonated water
  • Meat Substitutes

    • Tofu   
    • Silken tofu 
    • Medium tofu 
    • Firm tofu 
    • Tofu skins 
    • Fermented tofu 
    • Aburaage tofu 
    • Shredded tofu 
    • Others  
  •  Soya protein 

    • Seitan   
    • Legumes   
    • Condiments   
    • Jackfruit   
    • Others   
  • Tempeh 

    • Tempe gembus
    • Tempe lamtoro
    • Bend tempeh
    • Tempe bongkrek 
    • Green bean tempeh 
    • others
  •  Lupin protein

    • Albumin   
    • Globulins  
    • others
  • Green spelt 
  • Black beans
  • TVP
  • Seiten
  • Oat flakes 

    • Whole Oat Groats 
    • Steel Cut Oats / Irish Oats 
    • Scottish Oats
    • Rolled Oats / Old-Fashioned Oats 
    • Quick Oats
    • Instant Oats
    • Oat Bran 
    • Oat Flour 
    • Others
  • Pea protein

    • Pea Protein Isolate
    • Pea protein Concentrate
    • Textured Pea Protein
    • Others
  • Quorn 

    • Quorn vegetarian Mince
    • Quorn vegetarian Chicken pieces
    • Quorn Crispy Nuggets 
    • Others
  • Nutrition 

    • Kids 

      • Electrolyte
      • Vitamin Supplements
      • Others
    •  Adults 

  • Beverages 

    • Coffee 
    • Arabica 
    • Robusta 
    • Excelsa 
    • Liberia 
    • Others
  • Fermented Drink 

    • Wine fermented
    • Others 
  • Health Drinks 

    • Juices 
    • Tea
    • White Tea
    • Green Tea 
    • Yellow Tea 
    • Oolong Tea
    • Black Tea
    • Dark Tea
    • Others
  • Baby Food 

    • Snacks
    • Breakfast
    • Main Meals
    • Others
  • Staples 

    • Rice
    • Corn 
    • Wheat
    • Sorghum
    • Sugar
    • Others 
  • Others 

By Distribution Channel

  • Online Stores
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Department stores
  • Cash and Carries & Warehouse Clubs
  • Drug stores & Pharmacies
  • Food & Drinks specialists
  • Vending machines
  • On Trade
  • Others

By Regional & Country Level:

  • North America

    • U.S.
    • Canada
  • Europe

    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of Middle East and Africa


Nutrient status and growth in vegan children

In July 2021- According to authors Daniel Olivier Sutter and Nicole Bender of Journal ScienceDirect, the authors assessed the adequacy of vegan’s diets to provide certain nutrients and to support growth & development. Starting with energy and protein intake, it is clear that vegan diet can provide sufficient calories and more than enough protein, often exceeding recommended intakes. Most studies confirmed that vegan children have normal growth rates, well inside the normal range. Several studies have shown a slightly reduced height in younger vegan children, and it is around 1–3 cm, compared to omnivores. But it should be noted that the normal ranges relate only to omnivorous diets and the impact of these slight differences are unlikely to be clinically relevant or impact health outcomes. As expected, vegan children display a maximum healthy body mass index than omnivorous children. In the discussion the authors go on to discuss the many potential advantages of a vegan diet in children. These include the lower consumption of saturated fat, the increased intake of fiber and phytonutrients and lower body weight and body fat. The authors conclude that there is still limited data on vegan diet in children and as always, more studies are required. But it states that with appropriate supplementation and attention to key nutrients, a vegan diet can support normal growth and improvement with some health advantages.

Health effects of vegan diets

In July 2021- According to author Winston J Craig of the American Journal of Clinical Nutrition, Vegan diets are usually higher in dietary like fiber, magnesium, folic acid, vitamins C and E, iron, and phytochemicals. And they tend to be lower in saturated fat, calories and cholesterol, long-chain n-3 (omega-3) fatty acids, vitamin D, calcium, zinc, and vitamin B-12. In general, vegetarians typically enjoy a lower risk of obesity, cardiovascular disease (CVD), type 2 diabetes and some cancers. A vegan diet appears to be useful for increasing the consumption of protective nutrients, phytochemicals and for minimizing the intake of dietary factors implicated in numerous chronic diseases. In this report, unlike the other plant food groups were rated with respect to their metabolic-epidemiologic proof for influencing chronic disease reduction. According to the evidence criteria of the World Health Organization and Food and Agriculture Organization (WHO/FAO), risk of CVD reduction as convincing, cancer risk reduction associated with a high intake of fruit and vegetables was assessed as probable or possible, whereas lower risk of osteoporosis was assessed as probable. The evidence for a risk-reducing effect of consuming whole grains was assessed as possible for colorectal cancer, probable for type 2diabetes and CVD. The evidence for a risk-decreasing effect of consuming nuts was assessed as probable for cardiovascular disease (CVD).

Research History Analysis-

The word 'vegan' was coined by Donald Watson from the first and last parts of the word vegetarian and founded the UK Vegan Society. He became a vegetarian in 1924, aged 14 and then-future wife Dorothy Morgan in 1944. Later, interest in veganism increased significantly in the 2010s.

Albert Einstein was the greatest scientist of the 20th century, widely known as one of the most ingenious men. On vegetarianism, he said- “Nothing will benefit human health and increase chances for survival of life on Earth as much as the evolution to a vegetarian diet.” And the day he became a vegetarian, he wrote in his diary: - “So I am living without fats, without non-veg food, but am feeling quite well this way. It always seems to me that man was not born to be a carnivore.”

As meat-eating continues to increase around the world, food scientists are focusing on the ways to create healthier, better-tasting and more sustainable plant-based protein products that mimic meat, milk, fish, cheese, and eggs.

Research Pioneers New Frontiers in Plant-Based Food Science

By AIP Publishing in Physics of Fluids, scientists from Germany—a country that produces more than 1,200 types of sausages—investigate the molecular function and effects of vegetable proteins of different origins to identify sensory weak points in plant-based meat substitutes. Author Thomas A. Vilgis, from the Max Planck Institute for Polymer Research, said that ""We use direct comparisons of vegetarian with egg white, meat-based and pure vegan versions to show the differences in bite, mouth feel, chewing, bolus formation, and associated enjoyment characteristics of the sausages."" In addition to tensile experiments, Vilgis and his colleagues employed rheology and tribology in molecular models, bringing larger insight than pure sensory analyses to examine meat sausages and their vegetarian surrogates.

Increasing Demand for Organic Foods, Surge in the number of lactose intolerant individuals, Rising Awareness Regarding the Health Benefits of Consuming Plant-Based Food, and Growing Social Media Marketing of vegan products are some of the major factors for driving the market growth.

One of the major factors driving the growth of global plant-based food market is the increasing demand for organic foods. High-constancy plant-based meat offers a moderately straightforward way for replacement for those hoping to reduce intake of conventional meat. Plant-based meat items should be created with the needed target of giving personal benefits to the consumer like further developed taste and other sensory perspectives, lower cost, increased convenience, and more prominent nutritional benefit. The items should be healthy and energetic enough to give keen sense of familiarity. Concerns about safety issues and growing levels of food residues are increasing rapidly among consumers thus the consumers are opting for chemical-free food products. For example, according to Good Food Institute, in the U.S., 98 per cent of people buy plant-based meat. For instance, according to a study done by Vegetarian Times, 9.7 million Americans follow a vegetarian diet, with almost one million of those being vegan. 59% of plant-based food eaters in the United States are female, with 41% being male.

In addition, the increasing awareness regarding the health benefits of consuming plant-based food is also boosting the market growth. The increase in the meat intake that causes around 13% higher risk of mortality to cause high cholesterol, blood sugar, obesity, and high blood pressure, which lead to heart attack. Consumers around the world have become additional aware of the ill effects of over-consumption of meat with the help of various government initiatives in the form of public awareness campaigns. However, demand of plant-based food has increased to avoid various diseases. For example- according to the Sudden Cardiac Arrest Foundation, there were more than 356,000 outpatient cardiac arrests (OHCAs) in the U.S. in 2022, about 90% of which were fatal. This cautiousness is forcing consumers to turn to vegetarian products that are significantly healthier and just as nutritious. A vegetarian diet reduces the risk of obesity, lowers blood pressure, lowers the risk of heart disease, and lowers the risk of type 2 diabetes.

However, adverse effect of vegan food may cause lack of iron, risk of vitamin B12 deficiency, risk of developing an eating disorder, which in turn is expected to hamper growth of the market over the forecast period. For instance, according to the National Institute of Health approximately 6% of adult population which is younger than 60 years they have Vitamin B12 deficiency in United States and United Kingdom, but the rate is closer to 20% which are older than 60 years.

Moreover, the growing social media marketing is another factor of developing the market growth. The extensive promotional activities by celebrities and athletes like Anushka Sharma, Virat Kohli, Genelia D’Souza and Ritesh Deshmukh, Alia Bhatt, Leonardo Dicaprio, Drake, and many others, they maintain a healthy lifestyle and they promote the products that helps to boost the vegan plant-based market.

Despite that, growing demand for organic food and growing number of advancements in this field may create more opportunities in the global plant-based food market. According to global survey conducted by National Sanitation Foundation in 2021, 88% of food industry practitioners said that they demand more plant-based products, 74% said, consumers choose plant-based for a healthier lifestyle and 60% said it is to be more environmentally friendly. As from above fact, Plant-based food market is growing with significant growth rate.

In Europe – According to vegpreneur organisation, back in 2020, only about 0.3% of the populations of Switzerland and Lichtenstein were living vegan lifestyles. And that percentage has doubled so far in 2021. Now, these small two European countries have 0.6% of their populations considering themselves as vegans. The newly released study also shows that the whole amount of people who do not consume animal-derived meat rose from 3.4% to 4.1% over the former year.

In U.S. - According to Plant Based Foods Association organisation and The Good Food Institute, shows that U.S. retail sales of plant-based foods continue to upsurge, growing 6.2% in 2021 over a record year of growth in 2020 and brought the total plant-based market value to an all-time high of $7.4 billion.

According to sentient media organization-

Vegan Milk -

Vegan milk of all kinds has increased in popularity in the ancient several years. Around the world, the estimated for each capita intake of plant-based milk has grown from half a kilogram in 2013 to nearly a full kilogram in 2020. Meanwhile, the whole global consumption of milk substitutes grew from 3.7 billion kilograms in 2013 to 6.3 billion kilograms in 2020.

Plant-Based Meat and Fast Food -

Plant-based meats are meats made to resemble burgers, ground meat, deli slices, sausages, chicken nuggets, or seafood in texture, taste, look, and even smell. Globally, the total consumption of such meat alternatives has grown from 133 million kilograms in 2013 to 470 million kilograms in 2020. Substitute protein companies make plant-based meats. Two companies prominent for making burger patties, a staple of fast food in the United States, dominate the field. Impossible Foods and Beyond Meat are the top two contenders for global market value among alternative protein companies, the first estimated to be worth 9 billion dollars in 2021, and in February 2022 it latter valued at 7 billion dollars.

Market Positioning Analysis

Top 10 companies for product analysis

Amy’s Kitchen, Inc. (U.S.) -

Amy’s Kitchen Inc. is engaged in producing and marketing organic and natural convenience and frozen foods. The company’s product portfolio segmented into entrées, bowls, burritos & wraps, pizza, pasta, snacks, soups, pot pies, veggie burgers, veggie meats, chilli, beans, pasta sauce, salsa, candy, and others. From the above fact, consumer demand is increasing for plant-based food and hence, plant-based food market is growing.

Beyond Meat Inc. (U.S.) -

Beyond Meat Inc. offers an advanced plant-based meat. As of December 2019, the company was selling its frozen & fresh meat alternative at approximately 77,000 retail and restaurant and foodservice outlets in more than 65 countries worldwide. However, Meat alternative demand is rising subsequently plant-based food market is growing.

Impossible Foods Inc. (U.S.) -

Impossible Foods Inc. is engaged in developing meat, fish and milk alternatives and manufacturing and selling plant-based burgers and sausages. The company has its geographic existence throughout the U.S. and Asia-Pacific. In 2021, Impossible Foods was available at about 40,300 locations in the U.S. The company also sells its products in Canada, Macau, Hong Kong, Singapore, Australia, New Zealand, and the UAE. From the above fact, a consumer demand is increasing for plant-based food and hence, plant-based food market is growing.

Danone SA (France) -

Danone SA engaged in manufacturing, developing, and selling food products and beverages. The company drives through four business segments such as, Essential Dairy and Plant-Based Products, Specialized Nutrition, and Waters. Through the network of 530 research & innovation specialists in 40 countries, the company sold its products above 120 countries. The company offers plant-based dairy and meat alternatives through its essential dairy and plant-based products which responsible for increasing demand of consumers. And subsequently plant-based food market is growing.

Garden Protein International Inc. (Canada) -

Garden Protein International, Inc. drives as a subsidiary of Pinnacle Foods Inc. (U.S.). The company is engaged in manufacturing and marketing plant-based meat, beef, pork, and fish products. The company offers meat alternatives and dairy free products made from wheat, soy, and pea proteins, vegetables, and ancient grains. The company sells its products all over the North America and Europe by using the brand name Gardein. From the above fact, consumer demand is increasing for plant-based food and hence, plant-based food market is growing.

The Hain Celestial Group, Inc. (U.S.) -

The Hain Celestial Group, Inc. is engaged in manufacturing, distributing, marketing, and selling foodstuffs, personal care products, and meat alternative products. The company offers plant-based products through the numerous brands such as, The Lima, Natumi, Linda, Joya, WestSoy, Dream, Yves Veggie Cuisins, and Formation. With the numerous manufacturing facilities in the Europe and North America, the company has its geographic presence in more than 70 countries. However, according to consumers vegan food demand is rising subsequently plant-based food market is growing.

Daiya Foods Inc. -

Daiya Foods Inc. is operating as a supplementary of Otsuka Pharmaceutical Co., Ltd. The company is engaged in manufacturing and supplying plant-based food products. The company’s portfolio contains cheese alternative products, yogurt alternatives, desserts, and dressings. The company has its geographic presence in the Latin America, North America, Europe, and Asia-Pacific. The company offers plant-based dairy through its essential dairy and plant-based products which responsible for increasing demand of consumers. And subsequently plant-based food market is growing.

Nestlé S.A. (Switzerland) -

Nestlé is engaged in manufacturing and supply of beverage and food as well as nutritional products through twenty-nine of Nestlé’s brands. The company operates over seven business segments: Powdered and Liquid Beverages, Pet Care, Nutrition and Health Science, cooking aids and prepared dishes, Milk products and Ice cream, Confectionery, and Water. The company is also adding plant-based options across its brands, including Nescafe coffee, Nesquik chocolate drinks, and KitKat chocolate. The company has its geographic existence in North America, Asia-Pacific, Europe, and the Middle East & Africa. From the above fact, consumer demand is increasing for plant-based food and hence, plant-based food market is growing.

Unilever PLC (U.K.) -

Unilever PLC is engaged in producing and selling consumer goods. The company drives through three business segments: Beauty and Personal Care, Refreshment and Foods, and Home Care. The company offers plant-based products through its Refreshment and Foods segment. The company has its geographic existence in North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa. However, according to consumers vegan food demand is rising subsequently plant-based food market is increasing.

Marlow Foods Ltd (U.K.) -

Marlow Foods Ltd. drives as a subsidiary of Monde Nissin Corporation. The company is engaged in manufacturing and selling meat alternatives. The company offers Quorn products which are prepared from mycoprotein. The company’s product group is segmented into mince, chicken pieces, sausages, crispy coated products, ready meals, and chilled burgers. The company sells its products worldwide. However, Meat alternative demand is rising subsequently plant-based food market is growing.

Patent Analysis-

Production method of meat substitute for vegetarian and vegan

In 2020- According to Inventor Masao Nakayama and Makoto Hattori from the company Jbridge Co Ltd, the present invention relates to a method for producing substitute meat provided for vegetarians and vegans. The present inventor has made numerous studies on the raw materials and the production method to solve the problems. The main ingredients are rice flour, soy protein and okara, and heat treatment in heated hot water. It was found that substitute meat having a texture analogous to that of sausage using meat can be produced. By adding seasonings and spices, it is possible to express a taste equivalent to sausage, and after further freezing and thawing, it is minced. The present invention provides a method for producing substitute meat for vegetarian and vegan, in which method comprising the step of preparing a substitute meat by charging a moulding raw material and subjecting it to heat treatment. According to the current invention, substitute meat having the same texture as meat can be produced without using meat, so that vegetarians and vegans can be eaten with tranquil.

Jackfruit Based Vegan Food Products  

In 2020- According to Inventor Shajan Thomas, the main objective of the invention is to introduce Jackfruit based food products. Another objective of the present invention is to introduce vegan based ingredients to prepare Jackfruit food products. There are numerous ways jackfruit can be used. It is often cooked in vegetarian dishes. Numerous ways have compared the texture to pulled pork when marinated in a barbecue-like sauce. For savory dishes like this, they would use unripe jackfruit or young jackfruit. Green jackfruit is freshly picked, but once it ripens, however, it is orange-yellow, sticky, sweet and perfect for desserts and smoothies.

Major Share in the Global Plant Based Food Market Size-

Europe is dominating the global plant-based food market due to the growing a trend toward vegetarianism and veganism. In Europe owing to the awareness of health, environmental concerns, compassion for animals is rising and therefore growing demand for plant-based food is increasing. For instance; in 2020- according to ProVeg International, it was recently conducted a survey of 6,221 consumers across nine European countries to identify priorities for product improvement and development.

And it was based on consumers’ experience of purchasing and consuming plant-based products. It also provides six final recommendations for the food industry and retailers. For example, on 11th June 2020- Beyond Meat acquired manufacturing facility in the Netherlands that was expected to be operational by the end of 2020 and work in tandem with the Zandbergen co-manufacturing facility to allow for end-to-end production and larger efficiencies. Production at the new Zandbergen co-manufactured facility was also included the upcoming debut of new packaging for both the Beyond Sausage and Beyond Burger available in Europe, Middle East, and Africa.

The Netherlands taking the lead in plant-based cheese sales, with a growth rate of 400%. In Belgium, the sales rate of plant-based (soy) yoghurt grew an astonishing 497% in discounters.

Recent Developments-

Danone Launched New Dairy & Plants Blend Baby Formula to Meet Parents’ Desire for More Plant-Based Foods

On July 5th, 2022; Danone launched the new Dairy & Plants Blend Baby Formula to satisfy parents desire for the right dietary options for a vegetarian, flexible and plant-based diet, yet to meet their baby’s specific nutritional needs. Danone has inherited leadership in 50 years of scientific breast milk research and plant-based foods & developed this new dairy and plant-based baby formula recipe through well-known brands like Alpro and Silk. Such as lactose is an important source of carbohydrates for babies, and an essential nutrient found in breast milk. Plant-based consumption is growing with over one-third [37%] of EU consumers choosing a vegetarian, vegan, or flexitarian diet. And almost 70% [69%] of parents now preferring their kids eat more plant-based foods.

Sprout Organic Launched Plant-Based Organic Baby Formula on Amazon

On June 8th, 2022; Australian baby nutrition startup Sprout Organic partnered with Amazon, the world's biggest e-commerce platform, to bring their plant-based baby formula to more parents. The move was coming as online sales of the formula have skyrocketed and the supply of groceries has dwindled following the global COVID-19 outbreak. As the U.S. fights the nationwide shortage of baby formula, the enlarged online selection is essential for parents.

India formulates safety code for vegan food

On 8th September 2020; India was formulated food safety standards for vegan food which includes introduction of a new logo to identify vegan food packets and proper licensing for vegan food manufacturers. The Food Safety and Standards Authority of India (FSSAI) was formulated draft Food Safety and Standards (Vegan Food) Regulations 2021. The draft regulations were defined vegan food for the first time in India and introduce safety regulations and labeling rules to identify vegan food products.

Lightlife Transforms Plant-Based Portfolio, Offers More Clean Plant-Based Protein Choices than Any Brand in the Category

On May 5, 2021- In CHICAGO Lightlife® (“Lightlife”), owned by Greenleaf Foods, SPC (SPC as its First-Ever Plant-Based Partner) was transformed its portfolio of products to meet high consumer demand for plant-based food that is made with simple, recognizable ingredients. In just over one year, the brand was heavily invested to totally overhaul 19 of its plant-based products, eliminating ingredients like carrageenan, eggs, and maltodextrin, and raising the bar for other brands in the group to do the same. The Dan Curtin President of Greenleaf Foods said, “Lightlife sells a whopping 21 million products yearly, so they were excited to offer people enhanced items that taste great and that they can feel good about eating.”

Plant-Based Diets Gain Steam, Major Companies Getting on Board

On 14th September 2021- McDonald is announced a new plant-based link in 2020. The first item being debuted is a plant-based burger; it is called as the McPlant. And another, Chipotle launched a limited-edition organic protein option, Plant-Based Chorizo, which is being tested in Denver and Indianapolis, confirms Stephanie Perdue, vice president of brand marketing at Chipotle, in August. Tyson, Hormel, Smithfield, and Perdue all have their own vegan goods, as the large firms look to capture both sides of the growing market.

Report Analysis Details
Historical data 2016 - 2021
Forecast Period 2022 - 2029
Market Size in 2021: USD 41.78 Billion
Base year considered 2021
Forecast Period CAGR %:


Market Size Expected in 2028: USD 93.92 Billion
Tables, Charts & Figures: 175
Pages 300
Plant Based Food Companies Amy's Kitchen, Beyond Meat, Boca Foods Company (Kraft Foods, Inc.), Gardein Protein International (Conagra , Brands, Inc.), mpossible Foods, Maple Leaf Foods, MorningStar Farms (Kellogg Na Co.), Quorn Foods, Nestle S.A, Atlantic Natural Foods LLC, Danone SA, Lightlife Foods (Maple Leaf Foods Inc.),, Tyson Foods, Vbite Food Ltd, Former Kraft exe, Vegan Bakery, GATO, Lenny & Larry's, VITALIFE HEALTH, Tesco, Biona, Morrisons, Pip & Nut, Whole Earth, Violife, GoodFarm, Indigo Herbs of Glastonbury, Barking Heads, HOWND, CLEARSPRING WHOLEFOODS, The Tofoo Co, Waitrose, Wicked Kitchen, Ella's Kitchen, Piccolo, Kiddylicious, Herba Organica, Yumello, Ahimsa Food, Good Dot, Goodmylk, Evo Foods, BVeg Foods, Imagine Meats, Vezlay, Blue Tribe Foods, others.
Segments Covered By Food Type, By Distribution Channel
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa