The increasing emphasis on the cereal based milks & meats and extensive rise in vegan population are the major factors influencing the market growth.
Vancouver, BC -- (SBWIRE) -- 12/22/2020 -- Plant-Based Food & Beverages Alternatives Market
The rising awareness about the benefits of plant-based food and beverages alternatives in comparison to meat and dairy-based products and an escalating vegan population is boosting the consumption of plant-based food and beverages alternatives. According to the latest analysis by Emergen Research, the global Plant-Based Food & Beverages Alternatives Market is predicted to garner a market valuation of USD 32.29 billion by 2027, at a CAGR of 14.8% throughout the forecast timeline.
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Major Key Players In the Global Plant-Based Food & Beverages Alternatives Market
Diamond Growers Inc., Before the Butcher LLC, Califia Farms LP, Daiya Foods Inc., Field Roast Grain Meat Co. Inc., Impossible Foods Inc., Amy's Kitchen, Boca Foods Co., ConAgra Brands Inc., and Danone S.A., among others.
Market Drivers
Increasing requirement for plant-based alternatives due to the augmenting vegan population, accelerating prevalence of lactose intolerance, and the rising concerns surrounding weight loss and management is boosting the industry's demand. Growing concerns regarding heart diseases, cancer, and allergy to dairy-based items are creating an added need for the plant-based alternatives. Furthermore, the low-calorie content, low sugar content, and sufficient levels of calcium obtained from plant-based food items and beverages are further anticipated to fuel the market expansion.
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Regional Analysis
Asia Pacific is projected to command the industry growth over the estimated timeframe due to escalating vegan population, augmenting inclination towards plant-based alternatives, and growing consciousness about the advantages of plant-based products is adding to the regional expansion of the market. Europe is forecasted to grow a significant CAGR due to increasing encouragement to adopt a vegan lifestyle in the region. North America is predicted to be the rapidly growing region owing to the augmenting demand for non-dairy based items coupled with a rising requirement for plant-based alternatives to meat products.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Plant-Based Food & Beverage Alternatives Market Segmentation & Impact Analysis
4.1. Plant-Based Food & Beverage Alternatives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasis on cereal based milk & meat
4.2.2.2. Rising vegan diets & population
4.2.2.3. Higher health benefits associated with plant-based F&B
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated to it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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Chapter 5. Plant-Based Food & Beverage Alternatives Market By Product Type Insights & Trends, Revenue (USD Billion) (Million MT)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Plant-Based Dairy
5.1.1.1. Plant-Based Milk
5.1.1.2. Plant-Based Cheese
5.1.1.3. Plant-Based Creamers
5.1.1.4. Plant-Based Butter
5.1.1.5. Plant-Based Yogurt
5.1.2. Plant-Based Meat
5.1.3. Others
Chapter 6. Plant-Based Food & Beverage Alternatives Market By Source Insights & Trends Revenue (USD Billion) (Million MT)
6.1. Source Dynamics & Market Share, 2019 & 2027
6.1.1. Soy
6.1.2. Wheat
6.1.3. Almond
6.1.4. Corn
6.1.5. Others
Chapter 7. Plant-Based Food & Beverage Alternatives Market By Distribution Channel Insights & Trends Revenue (USD Billion) (Million MT)
7.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
7.1.1. Supermarkets/Hypermarkets
7.1.2. Convenience Stores
7.1.3. Specialty Stores
7.1.4. Online Stores
7.1.5. Others
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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