Plant-based Food Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025.

Report Code: FBR 61765 Report Format: PDF + Excel (Delivery in 48 Hrs)

Plant-Based Food Market Overview

Plant-Based Food Market size is estimated to be 15.3 billion in 2019, growing at a CAGR of 9.8% during the forecast period 2020-2025. Plant-Based Food consist of minimally processed fruits, vegetables, whole grains, legumes, nuts, seeds, herbs and spices and excludes all animal products including red meat, poultry, fish and eggs. Growing population along with increasing prevalence of diabetes, chronic disease and the preference of vegetarian foods among consumers is a significant factor driving the plant-based food market in the upcoming years. Moreover, the shift of consumers towards vegetarian food owing to its several health benefits is propelled to increase the utilization and demand of the product. Apart, from this the use of plant-based food in beverages, animal feed, infant food and dietary supplement is also fueling its market growth. Product launches, development, collaboration is some of the key factors contributing to its market growth. For instance, Keytone Dairy Corporation Limited launched a new proprietary product range, Tonik plant, the largest order received from Walmart China to date and provided an update on the recently announced Stage 3 and Stage 4 lockdowns in the state of Victoria, Australia in relation to the ongoing response of Covid-19.

Report Coverage

The report: “Plant-Based Food Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plant-Based Food Market.
By Source- Fruits, Vegetables, Fruits, Seeds and Nuts, Legumes, Whole Grains and others.
By Application- Food and Beverages, Bakery & Confectionary, Animal Feed, Infant Food, Dietary Supplement and others.
By Distribution Channel-Online Retail, Specialty Stores, Supermarket/Hypermarket, Convenience Stores and others
By Geography-North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

  • Food and Beverages segment held the largest market share in the year 2019 owing to the wide usage of Plant-Based Food in beverages as well in food products.
  • Amongst the distribution channel, the Supermarket/Hypermarket stores held the largest share offering large number of products to its customers in one place such as beverages, bakery and confectionary. 
  • Europe contributed to the largest market share of more than 38% owing to the presence of large dominant players in the region including Schouten and Vivera Food Group.
  • Increasing health benefits of plant-based food is a significant factor driving the Plant-Based Food market during the forecast period 2020-2025.

By Application- Segment Analysis 

By Application, the Plant-Based Food is segmented into Food and Beverages, Bakery & Confectionary, Animal Feed, Infant Food, Dietary Supplement and others. Food and Beverages segment held the largest market share in the year 2019 owing to the wide usage of Plant-Based Food in beverages as well as in food products. Growing population along with the rising demand of health supplements such as Anti-Inflammatory Turmeric Ginger Hot Cocoa and Moroccan Spiced Vegan Eggnog is driving its market growth. Also, bakery and confectionary industry is projected to witness growth at fastest CAGR of 10.6% in forecast period 2020-2025. As consumers are preferring snacks that are more commonly found in main meal such as vegetable and proteins there is a surge in the use of chickpeas, lentils, peas, beans, seeds and nuts in snacks which is eventually contributing to the product demand. 

By Distribution Channel- Segment Analysis

Based on Distribution Channel, the Plant-Based Food market is segmented into Online Retail, Specialty Stores, Supermarket/Hypermarket, Convenience Stores and others. Amongst these the Supermarket/Hypermarket stores held the largest share offering large number of products to its customers in one place. Moreover, the availability of beverages, milkshakes, protein supplements and infant’s food products, bakery at online retail, hypermarket is further contributing to the market growth. 

Geography- Segment Analysis

Europe contributed to the largest market share of more than 38% owing to the presence of large dominant players in the region including Schouten and Vivera Food Group. Increasing demand of Plant-Based Food among consumers owing to its health benefits have highly supported the regional demand of plant-based food. Moreover, in March 2020, Vivera announced a weekly production of 15 million/annual production of 70-million plant-based products. Also, the company recently launched successful products such as Bacon pieces and BBQ Goujons currently available at many large retailers in Europe, thus boosting the market expansion. North America Plant-Based Food market is another dominant market owing to growth in demand for nutritional foods and inclination of people towards healthy diets. Larger players in the market are also focusing on product innovation to enhance their market share. For instance, in June 2019, Nestle launched its own plant-based burger in the U.S. 

Drivers – Plant-Based Food Market 

Rising Health Benefits of Plant-Based Food

Rising health benefits of plant-based food is a significant factor driving the Plant-Based Food market during the forecast period 2020-2025. Increasing prevalence of cardiovascular diseases and the shift of consumers towards vegetarian diet is fueling its market growth. Vegetarian diets offer several health benefits such as reduce the chances of obesity, reduce the risk of heart disease, lower blood pressure and lower the risk of type-2 diabetes. Therefore, these are the key benefits propelling the demand of the Plant-Based Food in the future.

Increasing Demand of Plant-Based Food in Beverage Industry

Increasing demand of Plant-Based Food in beverage industry is another major factor driving the Plant-Based Food Market during the forecast period 2020-2025. The demand of beverages with lower-fat content among consumers in triggering its market growth. Moreover, in April 2020, Nestle Australia has launched the world’s first version of a plant-based Milo which boast lower sugar content in addition to its vegan consumable status. Therefore, products offered by major players in beverage industry is driving the market growth in the upcoming years.

Challenges – Plant-Based Food Market

High Cost of Plant-Based Food 

High Cost of Plant-Based Food serves as a major setback for the growth of the Plant-Based Food Market during the forecast period 2020-2025. This has resulted in the high cost of health supplements and food products, that lower- and middle-class people are unable to purchase, which in turn is restraining its market during the forecast period 2020-2025.

Plant-Based Food Market Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Plant-Based Food Market. Plant-Based Food Market top 10 are Beyond Meat, Califia Farms, Dream, Gardener Cheese Company, Impossible Foods Inc., Kite Hill, Mason Co, Oatly, Pacific Foods of Oregon LLC and So Delicious Dairy Free.

Developments:

May 2020: Nestle Launched the vegan burger in Europe under its Garden Gourmet brand and vegan awesome burger and awesome grounds in the U.S. under the Sweet Earth Brand.

1. Plant-based Food Market - Overview
        1.1 Definitions and Scope
2. Plant-based Food Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Plant-based Food Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Plant-based Food Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Plant-based Food Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Plant-based Food Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Plant-based Food Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Plant-based Food Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Plant-based Food Market - By Type(Market Size -$Million / $Billion)
        9.1 PLANT BASED FOOD MARKET BY SOURCE
            9.1.1 FRUITS
            9.1.2 VEGETABLES
            9.1.3 SEEDS AND NUTS
            9.1.4 LEGUMES
            9.1.5 WHOLE GRAINS
        9.2 PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL
            9.2.1 ONLINE RETAIL
            9.2.2 SPECIALTY STORES
            9.2.3 SUPERMARKETS/HYPERMARKETS
            9.2.4 CONVENIENCE STORES
10. Plant-based Food - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 FOOD AND BEVERAGES
            10.3.2 BAKERY AND CONFECTIONARY
            10.3.3 ANIMAL FEED
            10.3.4 INFANT FOOD
            10.3.5 DIETARY SUPPLEMENT
11. Plant-based Food- By Geography (Market Size -$Million / $Billion)
        11.1 Plant-based Food Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Plant-based Food- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Plant-based Food- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Plant-based Food - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Plant-based Food - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Plant-based Food Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Plant-based Food Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Plant-based Food Market - Key Company List by Country Premium
15. Plant-based Food Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 BEYOND MEAT
        15.3 CALIFIA FARMS
        15.4 DREAM
        15.5 GARDENER CHEESE COMPANY
        15.6 IMPOSSIBLE FOODS INC
        15.7 KITE HILL
        15.8 MASON CO
        15.9 OATLY
        15.10 PACIFIC FOODS OF OREGON, LLC
        15.11 SO DELICIOUS DAIRY FREE
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Plant-based Food Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Plant-based Food Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
1.1 FRUITS Market 2019-2024 ($M) - Global Industry Research
1.2 VEGETABLES Market 2019-2024 ($M) - Global Industry Research
1.3 SEEDS AND NUTS Market 2019-2024 ($M) - Global Industry Research
1.4 LEGUMES Market 2019-2024 ($M) - Global Industry Research
1.5 WHOLE GRAINS Market 2019-2024 ($M) - Global Industry Research
2.Global PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
2.1 ONLINE RETAIL Market 2019-2024 ($M) - Global Industry Research
2.2 SPECIALTY STORES Market 2019-2024 ($M) - Global Industry Research
2.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Global Industry Research
2.4 CONVENIENCE STORES Market 2019-2024 ($M) - Global Industry Research
3.Global PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 (Volume/Units)
3.1 FRUITS Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 VEGETABLES Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 SEEDS AND NUTS Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 LEGUMES Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 WHOLE GRAINS Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
4.1 ONLINE RETAIL Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 SPECIALTY STORES Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 CONVENIENCE STORES Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
5.1 FRUITS Market 2019-2024 ($M) - Regional Industry Research
5.2 VEGETABLES Market 2019-2024 ($M) - Regional Industry Research
5.3 SEEDS AND NUTS Market 2019-2024 ($M) - Regional Industry Research
5.4 LEGUMES Market 2019-2024 ($M) - Regional Industry Research
5.5 WHOLE GRAINS Market 2019-2024 ($M) - Regional Industry Research
6.North America PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
6.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
6.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
6.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
6.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
7.South America PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
7.1 FRUITS Market 2019-2024 ($M) - Regional Industry Research
7.2 VEGETABLES Market 2019-2024 ($M) - Regional Industry Research
7.3 SEEDS AND NUTS Market 2019-2024 ($M) - Regional Industry Research
7.4 LEGUMES Market 2019-2024 ($M) - Regional Industry Research
7.5 WHOLE GRAINS Market 2019-2024 ($M) - Regional Industry Research
8.South America PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
8.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
8.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
8.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
8.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
9.Europe PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
9.1 FRUITS Market 2019-2024 ($M) - Regional Industry Research
9.2 VEGETABLES Market 2019-2024 ($M) - Regional Industry Research
9.3 SEEDS AND NUTS Market 2019-2024 ($M) - Regional Industry Research
9.4 LEGUMES Market 2019-2024 ($M) - Regional Industry Research
9.5 WHOLE GRAINS Market 2019-2024 ($M) - Regional Industry Research
10.Europe PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
10.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
10.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
10.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
10.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
11.APAC PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
11.1 FRUITS Market 2019-2024 ($M) - Regional Industry Research
11.2 VEGETABLES Market 2019-2024 ($M) - Regional Industry Research
11.3 SEEDS AND NUTS Market 2019-2024 ($M) - Regional Industry Research
11.4 LEGUMES Market 2019-2024 ($M) - Regional Industry Research
11.5 WHOLE GRAINS Market 2019-2024 ($M) - Regional Industry Research
12.APAC PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
12.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
12.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
12.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
12.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
13.MENA PLANT BASED FOOD MARKET BY SOURCE Market 2019-2024 ($M)
13.1 FRUITS Market 2019-2024 ($M) - Regional Industry Research
13.2 VEGETABLES Market 2019-2024 ($M) - Regional Industry Research
13.3 SEEDS AND NUTS Market 2019-2024 ($M) - Regional Industry Research
13.4 LEGUMES Market 2019-2024 ($M) - Regional Industry Research
13.5 WHOLE GRAINS Market 2019-2024 ($M) - Regional Industry Research
14.MENA PLANT BASED FOOD MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
14.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
14.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
14.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
14.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Plant-based Food Market Revenue, 2019-2024 ($M)
2.Canada Plant-based Food Market Revenue, 2019-2024 ($M)
3.Mexico Plant-based Food Market Revenue, 2019-2024 ($M)
4.Brazil Plant-based Food Market Revenue, 2019-2024 ($M)
5.Argentina Plant-based Food Market Revenue, 2019-2024 ($M)
6.Peru Plant-based Food Market Revenue, 2019-2024 ($M)
7.Colombia Plant-based Food Market Revenue, 2019-2024 ($M)
8.Chile Plant-based Food Market Revenue, 2019-2024 ($M)
9.Rest of South America Plant-based Food Market Revenue, 2019-2024 ($M)
10.UK Plant-based Food Market Revenue, 2019-2024 ($M)
11.Germany Plant-based Food Market Revenue, 2019-2024 ($M)
12.France Plant-based Food Market Revenue, 2019-2024 ($M)
13.Italy Plant-based Food Market Revenue, 2019-2024 ($M)
14.Spain Plant-based Food Market Revenue, 2019-2024 ($M)
15.Rest of Europe Plant-based Food Market Revenue, 2019-2024 ($M)
16.China Plant-based Food Market Revenue, 2019-2024 ($M)
17.India Plant-based Food Market Revenue, 2019-2024 ($M)
18.Japan Plant-based Food Market Revenue, 2019-2024 ($M)
19.South Korea Plant-based Food Market Revenue, 2019-2024 ($M)
20.South Africa Plant-based Food Market Revenue, 2019-2024 ($M)
21.North America Plant-based Food By Application
22.South America Plant-based Food By Application
23.Europe Plant-based Food By Application
24.APAC Plant-based Food By Application
25.MENA Plant-based Food By Application
26.BEYOND MEAT, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.IMPOSSIBLE FOODS INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.KITE HILL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.OATLY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.GARDENER CHEESE COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.PACIFIC FOODS OF OREGON, LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.DREAM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.MASON CO, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.SO DELICIOUS DAIRY FREE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.CALIFIA FARMS, Sales /Revenue, 2015-2018 ($Mn/$Bn)