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 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 Research report 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 Report 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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