Selbyville, Delaware, May 12, 2020 (GLOBE NEWSWIRE) -- The global plant-based food and beverage market registered remuneration of $42,258.97 million in 2019 and is estimated to grow profusely over 2020-2025. The growth can be credited to the rising urbanization, improving healthcare services, increasing vegan population, and mounting awareness regarding environmental crisis. Robust presence of vivid kinds of plant-based food and beverages and flavors in the market is also potentially boosting the market growth. Additionally, increasing vegan population asking for plant based beverages and food products is poised to bolster the industry outlook over the forecast period.
In addition to this, the research report encompasses accurate and precise information about the market which is required by e-commerce players, government and policy makers, plant-based food and beverage vendors, and others. Further, it includes initiatives undertaken by various manufacturers operating in the global market to score an edge over the market rivals.
However, the massive outbreak of coronavirus or COVID-19 pandemic has resulted in the disruption of global economy. It has also negatively impacted several businesses, and the worldwide plant-based food and beverage industry is also expected to bear the brunt of the same in the upcoming years.
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Based on the product segmentation, the plant-based food and beverage industry is sub-segmented into plant-based meat and plant-based dairy. The plant-based meat products are touted to account for optimum share over the years driven by the shifting consumer preference towards products that are cruelty-free and are less toxic for the environment.
Plant-based food and beverage market is highly diversified and holds prominence in the developed and emerging regions like North America, Europe, Asia Pacific, and rest of the world. In this regard, the Asia Pacific plant-based food and beverage industry is projected to continue its hold in the market over the mentioned timeframe ascribing to the large vegan and vegetarian consumer base. Moreover, countries like India, Vietnam, Indonesia, and brazil are likely to emerge as lucrative grounds for plant-based and beverage.
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Global pant-based food and beverage market is fragmented into product type, source type, regions, and competitive landscape.
Plant-Based Food & Beverage Market Product Type Analysis (Revenue, USD Million, 2015-2025)
- Plant-based meat
- Plant-based dairy
Plant-Based Food & Beverage Market Source Type Analysis (Revenue, USD Million, 2015-2025)
- Soy
- Wheat
- Almond
- Others
Plant-Based Food & Beverage Market Regional Analysis (Revenue, USD Million, 2015-2025)
North America
- Canada
- United States
Europe
- Germany
- Spain
- France
- UK
Asia Pacific
- China
- Japan
- Thailand
- South Korea
Plant-Based Food & Beverage Market Competitive Landscape Analysis (Revenue, USD Million, 2015-2025)
- Just Inc.
- Danone
- Tofurky
- Beyond Meat Inc.
- The Vegetarian Butcher
- Blue Diamond Growers
- Impossible Foods
- LightLife
- Daiya Food Inc.
- SunOpta Inc.
Table of Contents:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 Advertise & Educate the Consumer About Plant-Based Products
3. Global Plant-Based Food & Beverage Market: Product Outlook
4. Global Plant-Based Food & Beverage Market: Sizing and Forecast
5. Global Plant-Based Food & Beverage Market Segmentation By Product Type
5.1 Competitive Scenario of Global Plant-Based Food & Beverage Market – By Product Type
5.2 Plant-Based Meat– Market Size and Forecast (2020-2025)
5.3 Plant-Based Dairy- Market Size and Forecast (2020-2025)
6. Global Plant-Based Food & Beverage Market Segmentation By Source Type
6.1 Competitive Scenario of Global Plant-Based Food & Beverage Market– By Source Type
6.2 Wheat– Market Size and Forecast (2020-2025)
6.3 Soy- Market Size and Forecast (2020-2025)
6.4 Almond– Market Size and Forecast (2020-2025)
6.5 Others- Market Size and Forecast (2020-2025)
7. Global Plant-Based Food & Beverage Market: Regional Analysis
7.1 Competitive Scenario of Global Plant-Based Food & Beverage: By Region
8. North America Plant-Based Food & Beverage Market: Segmentation By Product Type, Source Type (2020-2025)
9. Europe Plant-Based Food & Beverage Market: Segmentation By Product Type, Source Type (2020-2025)
10. APAC Plant-Based Food & Beverage Market: Segmentation By Product Type, Source Type (2020-2025)
11. Global Plant-Based Food & Beverage Market Dynamics
Related Report:
Plant Based Ingredients Market Size, Share & Forecast, 2019 – 2025
Plant Based Ingredients Market may exceed USD 13.5 trillion by 2025; according to a new research report. Growing consumer preferences for vegan diet along with rising inclination towards organic ingredients should stimulate plant based ingredients market. These are low-calorie food with high fiber & protein content and are easily digestible. Rising enviornmental concerns, health awareness and consumer focus on nutritional and healthy diet will stimulate the plant based ingredients market growth.
Europe wheat based ingredients market from bakery & snacks applications may expect gains at above 7.5% by the end of forecast period owing to increasing demand for ready to eat food products. Increasing technological advancements has allowed manufacturers to focus on experimentation of baked goods consisting of whole wheat and gluten-free fiber.
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