According to the latest report by IMARC Group, titled “Plant-based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global plant-based food market is expected to exhibit a CAGR of 12.29% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Plant-based Food Market Projections:
Plant-based foods are derived from natural plant-sourced ingredients that are manufactured using legumes, oils, vegetables, fruits, nuts, bread, dry pasta, and whole grains. They do not contain animal-acquired ingredients, such as eggs, milk, or meat. Tofu, seitan, tempeh, and coconut and almond milk are some of the commonly available plant-based products in the market. These products are an excellent source of magnesium, folic acid, vitamins B1, E, and C, and iron. They also contain minimal cholesterol and saturated fats. Regular consumption of plant-based food products helps minimize the risks of heart and metabolic diseases, high blood pressure, obesity, and diabetes.
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Global Plant-Based Food Market Trends:
The surging number of venture investments in plant-based food companies and the increasing adoption of vegan dietary habits are some key factors driving the market growth. Besides this, the growing consumer consciousness regarding animal cruelty has prompted a gradual shift toward plant-based food products, which, in turn, is accelerating the market growth. Moreover, the increasing prevalence of chronic lifestyle diseases and the surging number of lactose-intolerant populations are contributing to the market growth. Furthermore, the easy product availability on online retail channels, surging consumer expenditure power, and rising promotional activities by athletes and celebrities to encourage the consumption of plant-based food products are creating a positive outlook for the market.
Plant Based Food Market 2022-2027 Competitive Analysis
Competitive Landscape With Key Players:
The competitive landscape of the plant based food market has been studied in the report with the detailed profiles of the key players operating in the market.
The key players of the global plant-based food market are
Global Plant Based Food Market Segmentation:
The report has segmented the plant based food market on the basis of type, source, Distribution Channel and region.
Based on Type:
Based on Source:
Based on Distribution Channel:
Regional Analysis:
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Key Highlights of the Report:
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Table of Contents
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