Plant-Based Food and Beverage Market Overview

The Plant-Based Food and Beverage Market research is based on forecasts from major organizations as well as market statistics. The Plant-Based Food and Beverage analysis at global, regional and national market levels has been provided in the report with the competitive scenario for predicted periods and individual firm valuations. 

Plant-Based Food and Beverage Market size was valued at USD 65.44 Billion in 2023 and the Plant-Based Food and Beverage Market revenue is expected to reach USD 132.81 Billion by 2030, at a CAGR of 10.64% over the forecast period.

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Plant-Based Food and Beverage Market Segmentation

by Type

Plant-Based Milk Alternatives
Almond milk
Soy milk
Oat milk
Coconut milk
Rice milkPlant-Based Meat Substitutes
Tofu
Tempeh
Seitan
Others
Others

The market is divided into Plant-Based Meat Substitutes, Plant-Based Milk Alternatives, and Others based on Type. Throughout the course of the forecast period, the plant-based Milk Alternatives category is anticipated to maintain its dominant market share in the Plant-Based Food and Beverage market. It led the market in 2023. Non-dairy substitutes for conventional cow's milk are offered in the Plant-Based Milk Alternatives sector of the Plant-Based Food and Beverage business. A number of causes, including the surge in plant-based diets, environmental concerns, dairy allergies, and lactose intolerance, have contributed to the tremendous growth of this market in recent years. The nutritional value of plant-based milk substitutes varies based on the plant source and any fortification that plant-based food and beverage producers add. Although they don't naturally have as much protein as milk from cows,many plant-based milks are supplemented with elements like calcium, protein, vitamin B12, and vitamin D to increase their nutritional value and make it more akin to dairy milk.

by Distribution Channel

Retail Stores
E-commerce
Foodservice

Plant-Based Food and Beverage Market Key Players

North America:
1. Beyond Meat, Inc. - El Segundo, California, United States.
2. Impossible Foods Inc. - Redwood City, California, United States.
3. Danone North America - White Plains, New York, United States.
4. Califia Farms - Los Angeles, California, United States.
5. Daiya Foods Inc. - Vancouver, British Columbia, Canada.
6. Ripple Foods - Emeryville, California, United States.
7. Gardein - Richmond, British Columbia, Canada.
8. Oatly AB - Malmo, Sweden (with significant operations in North America).
9. Tofurky - Hood River, Oregon, United States.
10. Sweet Earth Foods - Moss Landing, California, United States.
Europe
11. Quorn Foods - Stokesley, North Yorkshire, United Kingdom.
12. Violife - Thessaloniki, Greece.
13. Alpro - Ghent, Belgium
14. The Vegetarian Butcher - Breda, Netherlands
15. Plenish - London, United Kingdom.
16. Veganz - Berlin, Germany.
17. Wicked Healthy - London, United Kingdom.
18. Naturli' Foods - Copenhagen, Denmark.
19. Moving Mountains - London, United Kingdom.
20. Vivera - Holten, Netherlands.
Asia-Pacific:
21. Nutritional Holdings Limited - Gold Coast, Queensland, Australia.
22. Sanitarium Health Food Company - Warburton, Victoria, Australia.
23. Nature's Charm - Bangkok, Thailand.
24. Sunfed Meats - Auckland, New Zealand.
25. OmniPork - Hong Kong.
26. Vitasoy International Holdings Limited - Hong Kong.
27. Green Common - Hong Kong.
28. Yum China Holdings, Inc. - Shanghai, China.
29. Cocowhip - Byron Bay, New South Wales, Australia.
30. Otsuka Holdings Co., Ltd. - Tokyo, Japan.

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Plant-Based Food and Beverage Market Report Scope and Research Methodology

The main objective of this report is to identify and analyze the profiles of the leading players operating in the global Plant-Based Food and Beverage market. The bottom-up approach was used to estimate the global and regional Plant-Based Food and Beverage market size. The report provides historical, current, and future data on the Plant-Based Food and Beverage market, based on company, segments, and regional distribution. This data was collected through exhaustive primary and secondary research.

The report also provides a detailed analysis of Plant-Based Food and Beverage industry trends and developments, including market drivers, restraints, opportunities, and challenges. PESTLE, PORTER, and SWOT analyses were used by MMR to obtain accurate insights and understand the Plant-Based Food and Beverage market from different perspectives.

Plant-Based Food and Beverage Market Regional Insights

The regional analysis in the report provides insights into the Plant-Based Food and Beverage market in different countries. The report covers the following regions:

North America: The United States, Canada, and Mexico

Europe: France, Netherlands, Switzerland, United Kingdom, Germany, Russia, Belgium, Turkey, Spain, Italy, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Malaysia, Singapore, Thailand, Australia, Indonesia, Philippines, and Rest of Asia Pacific

Middle East and Africa: Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of Middle East and Africa

South America: Argentina, Brazil, and Rest of South America

The report provides a detailed analysis of the Plant-Based Food and Beverage market in each region, including market size, growth drivers, and challenges. This information can be used by businesses to identify opportunities and challenges in different markets and make informed decisions about their international expansion strategies.

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 Key questions answered in the Plant-Based Food and Beverage Market are:

• Which segment dominated the global Plant-Based Food and Beverage market?
• How the Plant-Based Food and Beverage market segments are expected to develop in the global market?
• Who are the major players in the industry that are expected to dominate the global Plant-Based Food and Beverage market?
• How have the most successful companies in the Plant-Based Food and Beverage industry planned for future growth and expansion?
• What are the Plant-Based Food and Beverage emerging trends in the Plant-Based Food and Beverage market?
• What was the Plant-Based Food and Beverage market size in 2022?
• Which region held the largest Plant-Based Food and Beverage market share in 2022?

Key Offerings:

• Market Share and Size 
• Market Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis of segments and sub-segments
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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