Plant Based Food Market Size, Share & Trends Analysis Report By Type (Plant based food (Dairy Alternatives, Egg alternatives, Meat Substitutes, Nutrition, Beverages, 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 - 2028

  • Report ID: BMRC 2059 | Number of pages: 200 | Published Date: Aug 2022

    Published | Category: Vegan | Delivery Timeline: 48 hrs

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To know the impact of COVID-19 On Plant Based Food Market Size, Share & Trends Analysis Report By Type (Plant based food (Dairy Alternatives, Egg alternatives, Meat Substitutes, Nutrition, Beverages, 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 - 2028 Market

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

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.

Global Plant Based Food Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- 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. 

Plant Based Food Industry

Scope of Global Plant Based Food Market Report:-

Plant-based food 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 used vegan food products include desserts, snacks, vegan milk 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 products 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 plant-based diets and in ancient Greece, the philosopher Pythagoras extolled the health benefits of a vegetarian diet.  

The Covid-19 pandemic has a significant positive impact on the global plant-based food market. 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 plant-based 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. 

Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 41.78 Billion 
Base year considered 2021
Forecast Period CAGR %:

12.27% 

Market Size Expected in 2028: USD 93.92 Billion 
Tables, Charts & Figures: 175
Pages 196
Plant-Based Food Companies Amy's Kitchen, Inc., Beyond Meat., Boca Foods Company (Kraft Foods, Inc.), Gardein Protein International, Inc. (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods., MorningStar Farms (Kellogg Na Co.), Quorn Foods, Nestle S.A., Atlantic Natural Foods LLC, Danone SA, Lightlife Foods, Inc. (Maple Leaf Foods Inc.), Tyson Foods Inc. Vbite Food Ltd., and others.  
Segments Covered By 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

The global plant-based food market is segmented based on the type, source, distribution channel, and region & country level. Based on type, the global plant-based food market is segmented into: Dairy alternatives, Egg alternatives, Meat Substitutes, Nutrition, Beverages, Baby Food, Staples, and others. In which dairy alternatives segment is sub divided into Desserts,Snacks, Vegan Milk products,Vegan BUTTER/Ghee Alternatives, Vegan cheese, others. Egg substitutes segment is sub segmented into Vegan Eggs and others. Meat Substitutes market is sub divided into Tofu, Soya protein, Tempeh, Lupin protein, Green spelt,Oat flakes, Black beans,Chickpeas,Pea protein, TVP, Seiten,Quorn, and others. Nutrition segment is sub divided into Kids and Adults. Beverage’s segment is sub divided into Coffee, Fermented Drink, Health Drinks, Juices, Tea, and others. Baby Food segment is sub divided into Snacks, Breakfast, Main Meals, and others. Staples segment is sub divided into Rice, Corn, Wheat, Millet, Sorghum & sugarand other. In others, we will consider Herbs & Spices, pet food, and Flour. Herbs & Spices segment is sub divided into Basil, Oregano, Rosemary, Thyme, Sage, Italian Seasoning Blend, others. Pet Foods segment is sub divided into Dog Food, Cat Food, and others. Flour segment is sub divided into Soy Flour, Oat Flour, Rice Flour, Nut based Flour, and Cereal based Flour and others.  

By distribution channel, the global plant-based food market is segmented into Online stores, Supermarkets & Hypermarkets, Convenience Stores, Department stores, Cash and Carries & Warehouse Clubs, Drug stores & Pharmacies, Food & Drinks specialists, Vending machines, On Trade, Others. 

The regions covered in the global plant-based food market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global plant-based food is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Australia, Malaysia, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc. 

Plant Based Food Companies

Some major key players for the global plant-based food market report cover prominent players like Amy's Kitchen, Inc., Beyond Meat., Boca Foods Company (Kraft Foods, Inc.), Gardein Protein International, Inc. (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods., MorningStar Farms (Kellogg Na Co.), Quorn Foods, Nestle S.A., Atlantic Natural Foods LLC, Danone SA, Lightlife Foods, Inc. (Maple Leaf Foods Inc.), Tyson Foods Inc. Vbite Food Ltd., and others.  

Players considered in market estimation are Wall's, 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, and others. 

Plant Based Food Companies

Some of the key Trademark Owner and Umbrella Brand Analysis: 

Trademark Owner 

Umbrella Brand 

Amy's Kitchen, Inc. 

AMY'S KITCHEN 

Beyond Meat, Inc. 

BEYOND MEAT 

BOCA FOODS COMPANY 

BOCA 

Garden Protein International Inc. 

GARDEIN 

Impossible Foods Inc. 

IMPOSSIBLE FOODS 

KELLOGG NORTH AMERICA COMPANY 

MORNINGSTAR FARMS 

Marlow Foods Limited 

QUORN. PROTEIN FOR THE PLANET 

Nestlé S.A 

Nestle 

Atlantic Natural Foods, LLC 

PRIME STAKES 

Danone SA 

Danone 

GREENLEAF FOODS, SPC 

LIGHTLIFE 

Tyson Foods, Inc. 

Tyson Foods  

EAT JUST, INC 

JUST Egg. 

PLUM, PBC 

JUST 

SLANTE HOLDINGS LLC 

VEGAN 

Unilever 

Wall's 

Kraft Foods UK Ltd. and Kraft Foods R&D Inc. 

Former Kraft exe  

Coppenrath Feingebäck GmbH 

Vegan Bakery 

GATO Better Biscuits 

GATO 

LENNY & LARRY'S, LLC. 

Lenny & Larry's 

Vitalife Ltd 

VITALIFE HEALTH 

Tesco Stores Ltd 

Tesco 

WINDMILL ORGANICS LIMITED 

Biona 

Wm Morrison Supermarkets PLC, 

Morrisons 

Pip & Nut Limited 

Pip & Nut 

KALLO FOODS LIMITED 

Whole Earth 

ARIVIA Industrial and Commercial Societe Anonyme trading as ARIVIA SA 

Violife 

Spice Root Ltd. 

GoodFarm 

Indigo Herbs Limited 

Indigo Herbs of Glastonbury 

Pet Food (UK) Limited 

Barking Heads 

Power Pet Brands Limited 

HOWND 

Clearspring 

CLEARSPRING WHOLEFOODS 

The Tofoo Company Ltd., 

The Tofoo Co  

Waitrose Limited 

Waitrose 

WICKED FOODS, INC. 

Wicked Kitchen 

Ella's Kitchen 

Ella's Kitchen 

Piccolo, Casa Piccolo 

Piccolo 

Kids Food Co 

Kiddylicious 

Shender Group LTD 

Herba Organica 

Yumello 

Yumello 

 

 

Journals- 

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). 

Recent Developments

News- 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 

OnMay 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 plant-based products, as the large firms look to capture both sides of the growing market. 

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, 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 

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. 

Geographically, North America is on second position of global plant-based food market and it will be at dominant position within the forecast period due to the increasing prevalence of chronic disease, increasing awareness of animal cruelty, and increasing number of product launches in the food & beverages industry in this region. The increasing prevalence of chronic disease is driving the growth of the market. For example, according to the Center for Disease Control (CDC), in 2020; 51.8% of U.S. adults had at least one chronic condition, and 27.2% had multiple chronic conditions. In addition, the rising awareness of animal cruelty is another factor boosting the market growth in this region. The increasing number of individuals choosing cruelty-free food products that saves number of animals from cruelty. For example, every year in the U.S., many industrial farms are forced to lay 30 times more eggs naturally.  

Asia Pacific is the fastest-growing region in the global plant-based food market due to increasing consumer awareness of the importance of protein-rich diets, rising R&D investments by governments in the food sector, and growing advancements in the food and beverage industry in this region. For instance, as per the news published, on May 27th, 2022; Novolutions launched ‘Just Dig In!’ India’s newest plant-based food brand. 

Global Plant-Based Food Market Segmentation:

By Type
     • Plant Based Food  
               o Dairy Alternatives  
                        • 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 and Brie Cheese  
                                 • Others  
              o Egg alternatives  
                        • Vegan Eggs  
                                 • Apple Sauce  
                                 • Black Salt  
                                 • Egg substitute powder 
                                 • Chickpea Flour 
                                 • Tapioca Starch 
                                 • Nut butter  
                                 • Carbonated water  
                                 • Others 
              o  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  
                        • 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 
                        • Black beans  
                        • Chickpeas  
                        • Pea protein  
                                 • Pea Protein Isolate 
                                 • Pea protein Concentrate 
                                 • Textured Pea Protein 
                                 • Others 
                        • TVP  
                        • Seiten  
                        • Quorn  
                                 • Quorn vegetarian Mince 
                                 • Quorn vegetarian Chicken pieces 
                                 • Quorn Crispy Nuggets  
                                 • Others 
             o Nutrition  
                        • Kids  
                                 • Electrolyte 
                                 • Vitamin Supplements 
                                 • Others   
                        • Adults  
                                 • Electrolyte  
                                 •  Immunity Booster 
                                 • Protein-Based Products  
                                         • Protein Bars  
                                         • Protein Powder 
                                         • Others 
             o Beverages  
                        • Coffee  
                                 • Arabica  
                                 • Robusta  
                                 • Excelsa  
                                 • Liberica  
                                 • Others 
                       • Fermented Drink  
                                 • Wine fermented 
                                 • Others  
                       • Health Drinks  
                       • Juices  
                       • Tea  
                              • White Tea 
                              • Green Tea  
                              • Yellow Tea  
                              • Oolong Tea 
                              • Black Tea 
                              • Dark Tea (or Post-Fermented Tea)  
                              • Others 
             o Baby Food  
                       • Snacks 
                       • Breakfast 
                       • Main Meals 
                       • Others 
             o Staples  
                       • Rice  
                       • Corn  
                       • Wheat  
                       • Millet  
                       • Sorghum  
                       • Sugar 
                       • Others  
             o Others (Herbs and Spices, Pet food, wheat flour)  
                        • Herbs And Spices  
                                  • Basil  
                                  • Oregano  
                                  • Rosemary  
                                  • Thyme  
                                  • Sage 
                                  • Italian Seasoning Blend  
                                  • Others  
                        • Pet Foods  
                                  • Dog Food  
                                  • Cat Food 
                                  • Others 
                        • Flour 
                                  • Soy Flour 
                                  • Oat Flour 
                                  • Rice Flour 
                                  • Nut based Flour 
                                  • Cereal based Flour 
                                  • 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 Region Analysis

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • China
  • South Korea
  • Japan
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Key Benefits of Global Plant Based Food Market Report:-

  • Global Plant Based Food Market report covers in-depth historical and forecasts analysis 
  • Global Plant Based Food Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country levels. 
  • Global Plant Based Food Market report helps to identify opportunities in the marketplace. 
  • Global Plant Based Food Market report covers an extensive analysis of emerging trends and the competitive landscape. 


Frequently Asked Questions (FAQ) :
According To Brandessence Market Research, the Plant-Based Food Market Size is expected to reach USD 93.92 Billion by 2028 with a CAGR of 12.27% over the forecast period. 
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. 
Amy's Kitchen, Inc., Beyond Meat., Boca Foods Company (Kraft Foods, Inc.), Gardein Protein International, Inc. (Conagra Brands, Inc.), Impossible Foods, Inc., Maple Leaf Foods., MorningStar Farms (Kellogg Na Co.), Quorn Foods, Nestle S.A., Atlantic Natural Foods LLC, Danone SA, Lightlife Foods, Inc. (Maple Leaf Foods Inc.), Tyson Foods Inc. Vbite Food Ltd., and others.  
Europe is dominating the global plant-based food market due to the growing a trend toward vegetarianism and veganism.
Segments are covered in Plant-Based Food Market report are By Type, By Distribution Channel.
Global Plant Based Food Market is valued at USD 41.78 Billion in 2021
The Plant-Based Food market is expected to grow at a CAGR of 12.27% By 2028



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Plant-Based Food Market Trends, Analysis & Forecasts, Industry Statistics, Size and Share

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Plant Based Food Market Size, Share & Trends Analysis Report By Type (Plant based food (Dairy Alternatives, Egg alternatives, Meat Substitutes, Nutrition, Beverages, 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 - 2028

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Brandessence market research actively tracks, monitors, and analyses key industry trends in real-time via B2B surveys in 60 + countries and territories.

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