The Worldwide Plant-based Food Industry is Expected to Reach $95.5 Billion by 2029 - ResearchAndMarkets.com
June 22, 2022
DUBLIN--(BUSINESS WIRE)--The "Plant-based Food Market by Type, Source, Distribution Channel - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global Plant-based Food Market is expected to reach $95.52 billion by 2029, growing at a CAGR of 12.4% during the forecast period of 2022 to 2029.
The growth of this market is driven by factors such as the increasing intolerance for animal protein amongst consumers, the growing vegan population, and the rising number of venture investments in plant-based food companies. In addition, the increasing number of research & development and new product launches by plant and protein alternative manufacturers and emerging economies, such as Asia-pacific, Latin America, and the Middle East & Africa, are expected to create lucrative opportunities for players operating in this market.
However, factors such as the comparatively higher price range of meat substitutes, significant preference for animal-based products, and consumer preference for soy and gluten-free products are expected to hinder the growth of this market to a notable extent.
Beyond Meat Inc. (U.S.)
Impossible Foods Inc. (U.S.)
Danone SA (France)
Garden Protein International Inc. (Canada)
Amy's Kitchen Inc. (U.S.)
Plamil Foods Ltd. (U.K.)
The Hain Celestial Group Inc. (U.S.)
Sahmyook Foods (South Korea)
Sanitarium Health and Wellbeing Company (Australia)
Axiom Foods (U.S.)
Daiya Foods Inc. (Canada)
Earth's Own Food Company Inc. (Canada)
Lightlife Foods Inc. (U.S.)
Marlow Foods Ltd. (U.K.)
Taifun -Tofu GmbH (Germany)
Atlantic Natural Foods LLC (U.S.)
VBIte Food Ltd (U.K.)
Nutrisoy Pty Ltd. (Australia)
Nestle S.A. (Switzerland)
Unilever PLC (U.K.)
Key questions answered in the report-
What are the high-growth market segments in terms of type, source, distribution channel, and geography?
What is the historical market for plant-based food across the globe?
What are the market forecasts and estimates for the period of 2022-2029?
What are the major drivers, restraints, challenges, trends, and opportunities in the global plant-based food market?
Who are the major players in the plant-based food market, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global plant-based food market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global plant-based food market, and how do they compete with the other players?
Scope of the report
Plant-based Food Market, by Type
Hot Dogs and Sausages
Plant-based Food Market, by Source
Plant-based Food Market, by Distribution Channel
Business to Business
Business to Customers
Plant-based Food Market, by Geography
Rest of Europe (RoE)
Rest of Asia-Pacific (RoAPAC)
Rest of Latin America (RoLATAM)
Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/u738dn
Laura Wood, Senior Press Manager
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