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Plant-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Plant-based food refers to various food products derived from natural plant-sourced ingredients. These products are usually manufactured using fruits, vegetables, nuts, oils, whole grains and legumes and do not contain any animal-sourced ingredients, such as meat, milk or eggs. Some of the commonly used plant-based food products include tofu, coconut and almond milk, tempeh and seitan. A balanced diet with these products is a rich source of vitamins B1, C and E, folic acid, magnesium and iron and contains minimal cholesterol and saturated fats. With regular consumption, they may also aid in minimizing the risks of heart and metabolic disorders, diabetes, obesity, high blood pressure and certain types of cancers.

 

 
 

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Global Plant-Based Food Market Trends:

The increasing prevalence of chronic lifestyle diseases and intolerance for animal protein represents one of the key factors driving the growth of the market. Furthermore, the widespread adoption of vegan dietary habits across the globe is also driving the market growth. With the rising consciousness among consumers regarding animal health and the prevention of cruelty against animals in the food industry, there is a shift in the preference for plant-based food products across the globe. This, in turn, is creating a positive outlook for the market. Additionally, the development of innovative products, such as plant-based milk, eggs and meat, is acting as another growth-inducing factor. These products are rich in essential nutrients and are nearly identical in taste to their animal-sourced counterparts. Other factors, including extensive promotional activities by celebrities and athletes to encourage the consumption of vegetarian products to maintain a healthy lifestyle and the easy product availability through proliferating online retail channels, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plant-based food market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on type, source and distribution channel.

Breakup by Type:

 

 
 

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  • Dairy Alternatives
  • Meat Alternatives
  • Egg Substitutes and Condiments
  • Others
     

Breakup by Source:

  • Soy
  • Almond
  • Wheat
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Vbite Food Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Source, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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. and Vbite Food Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global plant-based food market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global plant-based food market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global plant-based food market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1   Objectives of the Study
    2.2   Stakeholders
    2.3   Data Sources
        2.3.1   Primary Sources
        2.3.2   Secondary Sources
    2.4   Market Estimation
        2.4.1   Bottom-Up Approach
        2.4.2   Top-Down Approach
    2.5   Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1   Overview
    4.2   Key Industry Trends
5   Global Plant Based Food Market
    5.1   Market Overview
    5.2   Market Performance
    5.3   Impact of COVID-19
    5.4   Market Forecast
6   Market Breakup by Type
    6.1   Dairy Alternatives
        6.1.1   Market Trends
        6.1.2   Market Forecast
    6.2   Meat Alternatives
        6.2.1   Market Trends
        6.2.2   Market Forecast
    6.3   Egg Substitutes and Condiments
        6.3.1   Market Trends
        6.3.2   Market Forecast
    6.4   Others
        6.4.1   Market Trends
        6.4.2   Market Forecast
7   Market Breakup by Source
    7.1   Soy
        7.1.1   Market Trends
        7.1.2   Market Forecast
    7.2   Almond
        7.2.1   Market Trends
        7.2.2   Market Forecast
    7.3   Wheat
        7.3.1   Market Trends
        7.3.2   Market Forecast
    7.4   Others
        7.4.1   Market Trends
        7.4.2   Market Forecast
8   Market Breakup by Distribution Channel
    8.1   Supermarkets and Hypermarkets
        8.1.1   Market Trends
        8.1.2   Market Forecast
    8.2   Convenience Stores
        8.2.1   Market Trends
        8.2.2   Market Forecast
    8.3   Online Stores
        8.3.1   Market Trends
        8.3.2   Market Forecast
    8.4   Others
        8.4.1   Market Trends
        8.4.2   Market Forecast
9   Market Breakup by Region
    9.1   North America
        9.1.1   United States
                 9.1.1.1   Market Trends
                 9.1.1.2   Market Forecast
        9.1.2   Canada
                9.1.2.1   Market Trends
                9.1.2.2   Market Forecast
    9.2   Asia-Pacific
        9.2.1   China
                 9.2.1.1   Market Trends
                 9.2.1.2   Market Forecast
        9.2.2   Japan
                 9.2.2.1   Market Trends
                 9.2.2.2   Market Forecast
        9.2.3   India
                 9.2.3.1   Market Trends
                 9.2.3.2   Market Forecast
        9.2.4   South Korea
                 9.2.4.1   Market Trends
                 9.2.4.2   Market Forecast
        9.2.5   Australia
                 9.2.5.1   Market Trends
                 9.2.5.2   Market Forecast
        9.2.6   Indonesia
                 9.2.6.1   Market Trends
                 9.2.6.2   Market Forecast
        9.2.7   Others
                 9.2.7.1   Market Trends
                 9.2.7.2   Market Forecast
    9.3   Europe
        9.3.1   Germany
                 9.3.1.1   Market Trends
                 9.3.1.2   Market Forecast
        9.3.2   France
                 9.3.2.1   Market Trends
                 9.3.2.2   Market Forecast
        9.3.3   United Kingdom
                 9.3.3.1   Market Trends
                 9.3.3.2   Market Forecast
        9.3.4   Italy
                 9.3.4.1   Market Trends
                 9.3.4.2   Market Forecast
        9.3.5   Spain
                 9.3.5.1   Market Trends
                 9.3.5.2   Market Forecast
        9.3.6   Russia
                 9.3.6.1   Market Trends
                 9.3.6.2   Market Forecast
        9.3.7   Others
                 9.3.7.1   Market Trends
                 9.3.7.2   Market Forecast
    9.4   Latin America
        9.4.1   Brazil
                 9.4.1.1   Market Trends
                 9.4.1.2   Market Forecast
        9.4.2   Mexico
                 9.4.2.1   Market Trends
                 9.4.2.2   Market Forecast
        9.4.3   Others
                 9.4.3.1   Market Trends
                 9.4.3.2   Market Forecast
    9.5   Middle East and Africa
        9.5.1   Market Trends
        9.5.2   Market Breakup by Country
        9.5.3   Market Forecast
10   SWOT Analysis
    10.1   Overview
    10.2   Strengths
    10.3   Weaknesses
    10.4   Opportunities
    10.5   Threats
11   Value Chain Analysis
12   Porters Five Forces Analysis

    12.1   Overview
    12.2   Bargaining Power of Buyers
    12.3   Bargaining Power of Suppliers
    12.4   Degree of Competition
    12.5   Threat of New Entrants
    12.6   Threat of Substitutes
13   Price Analysis
14   Competitive Landscape

    14.1   Market Structure
    14.2   Key Players
    14.3   Profiles of Key Players
        14.3.1   Amy's Kitchen Inc. 
             14.3.1.1   Company Overview
             14.3.1.2   Product Portfolio
        14.3.2   Atlantic Natural Foods LLC
             14.3.2.1   Company Overview
             14.3.2.2   Product Portfolio
        14.3.3   Beyond Meat Inc. 
             14.3.3.1   Company Overview
             14.3.3.2   Product Portfolio
             14.3.3.3   Financials
        14.3.4   Danone SA
             14.3.4.1   Company Overview
             14.3.4.2   Product Portfolio
             14.3.4.3   Financials
             14.3.4.4   SWOT Analysis
        14.3.5   Garden Protein International Inc.
             14.3.5.1   Company Overview
             14.3.5.2   Product Portfolio
        14.3.6   Impossible Foods Inc. 
             14.3.6.1   Company Overview
             14.3.6.2   Product Portfolio
        14.3.7   Lightlife Foods Inc. (Maple Leaf Foods Inc.)
             14.3.7.1   Company Overview
             14.3.7.2   Product Portfolio
        14.3.8   Nestle S.A.
             14.3.8.1   Company Overview
             14.3.8.2   Product Portfolio
             14.3.8.3   Financials
             14.3.8.4   SWOT Analysis
        14.3.9   Tyson Foods Inc.
             14.3.9.1   Company Overview
             14.3.9.2   Product Portfolio
             14.3.9.3   Financials
             14.3.9.4   SWOT Analysis
        14.3.10   Vbite Food Ltd.
             14.3.10.1   Company Overview
             14.3.10.2   Product Portfolio

List of Figures

Figure 1: Global: Plant Based Food Market: Major Drivers and Challenges
Figure 2: Global: Plant Based Food Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Plant Based Food Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Plant Based Food Market: Breakup by Type (in %), 2020
Figure 5: Global: Plant Based Food Market: Breakup by Source (in %), 2020
Figure 6: Global: Plant Based Food Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Plant Based Food Market: Breakup by Region (in %), 2020
Figure 8: Global: Plant Based Food (Dairy Alternatives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Plant Based Food (Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Plant Based Food (Meat Alternatives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Plant Based Food (Meat Alternatives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Plant Based Food (Egg Substitutes and Condiments) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Plant Based Food (Egg Substitutes and Condiments) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Plant Based Food (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Plant Based Food (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Plant Based Food (Soy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Plant Based Food (Soy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Plant Based Food (Almond) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Plant Based Food (Almond) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Plant Based Food (Wheat) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Plant Based Food (Wheat) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Plant Based Food (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Plant Based Food (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Plant Based Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Plant Based Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Plant Based Food (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Plant Based Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Plant Based Food (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Plant Based Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Plant Based Food (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Plant Based Food (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Asia-Pacific: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Asia-Pacific: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Europe: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Plant Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Middle East and Africa: Plant Based Food Market: Breakup by Country (in %), 2020
Figure 80: Middle East and Africa: Plant Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Global: Plant Based Food Industry: SWOT Analysis
Figure 82: Global: Plant Based Food Industry: Value Chain Analysis
Figure 83: Global: Plant Based Food Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Plant Based Food Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Plant Based Food Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Plant Based Food Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 4: Global: Plant Based Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: Global: Plant Based Food Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Plant Based Food Market: Competitive Structure
Table 7: Global: Plant Based Food Market: Key Players

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