Dublin, July 30, 2021 (GLOBE NEWSWIRE) -- The "Fermented Plant-Based Alternatives Market - A Global and Regional Analysis: Focus on Applications, Products, Patent Analysis, and Country Analysis - Analysis and Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
The global fermented plant-based alternatives market is expected to reach $422.26 million by 2026, with a CAGR of 5.0% from 2021 to 2026.
The major factors uplifting the growth of the market are the increasing trend of veganism across the globe coupled with escalating health issues among individuals. Food allergies have also been rising among consumers due to the intake of dairy-based products caused by the reaction of protein present in milk and other dairy products with the body's immune system. As fermentation can make the body immune to any negative reaction from dairy products, these products are gaining more attention from consumers.
The global fermented plant-based alternatives market is highly fragmented, with the presence of several players in the market. The market has a high industry rivalry as multiple renowned brands are present in the industry, such as Nestle, Perfect Day, Danone, Tesco, and DuPont.
The segment also provides details about the competitive strength of the key players operating in the market. For instance, Nestle is a food and beverage company that operates through more than 2000 brands in 186 countries across the globe. The company offers multiple products in its food and beverages portfolio, such as baby food, bottled water, chocolate, and confectionery products.
Nestle also has a diverse product offering in plant-based food and beverages such as vegan alternatives to tuna fish named Vuna, plant-based mill protein, creams, and many such products.
Key Companies Profiled
AngelYeast Co., Ltd, Cargill, Incorporated, Chr. Hansen Holding A/S, DuPont, Evonik Industries AG, Yofix Probiotics Ltd., Arla Foods, Danone, Field Roast Foods, General Mills, Inc, Impossible Foods Inc., Nestle, Perfect Day, The Hain Celestial Group, Inc., and Tesco PLC
How This Report Can Add Value
Product/Innovation Strategy
The segment gives a brief overview of the product portfolio of several fermented plant-based alternatives and the new launches and innovations in the market pertaining to these products. For instance, in February 2021, Halsa Foods expanded its product line in the U.S. with the launch of an unsweetened sugar oat milk yogurt alternative. The company has also introduced new organic vanilla oat milk yogurt made with vanilla extract and apple juice.
The section also gives a brief overview of the market status of different applications of the product and key players offering products in those applications.
Supermarkets/hypermarkets have the largest market share in the segment attributed to the presence of various brands and variety in the place. Moreover, supermarkets are consumer friendly as they allow discounts and offers for large shopping bills as well as on specific products, which attracts more consumer attention.
Growth/Marketing Strategy
The fermented plant-based alternatives manufacturers have opted for various development strategies to gain more market share and a competitive edge over other players. Partnerships and collaborations are the most common strategy adopted by companies in the time period January 2018-June 2021.
New product launches and innovations are also prevalent in the market as the demand for plant-based food items is on the rise, and more companies are keen to introduce plant-based alternatives to their product portfolio. For instance, in July 2020, Danone launched its plant based Actimet yogurt drink range, which is produced by using roasted oats and almonds.
Key Questions Answered in the Report
- What are the current trends in the global fermented plant-based food industry?
- How does the introduction of fermented plant-based alternatives impact the global plant-based food and beverage market?
- What is the growth prospect of fermented plant-based food alternatives in Asia-Pacific?
- Can the vegan trend drive the future of the fermented plant-based food market?
- How is the role of governments regarding food safety issues and changing the landscape of the fermented plant-based alternatives industry?
- Which food type is expected to lead the fermented plant-based alternatives market by 2026?
- What was the market value of the leading segments and sub-segments of the market in 2020, and how is the market estimated to grow during the forecast period 2021-2026?
- How is the industry expected to evolve during the forecast period 2021-2026?
- What are the key developmental strategies implemented by the key players to sustain in the competitive market?
- What are the key growth regions in the fermented plant-based alternatives market?
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.2 Market Dynamics
1.2.1 Market Drivers
1.2.1.1 Increasing Adoption of Sustainable Diet
1.2.1.2 Escalating Lactose Intolerance and Milk Allergies among Consumers
1.2.1.3 Changing Dietary Patterns (such as Veganism and Flexitarianism)
1.2.2 Market Challenges
1.2.2.1 Getting the Right Texture and Taste
1.2.2.2 Ensuring a Healthy Nutritional Profile
1.2.3 Market Opportunities
1.2.3.1 Investment in Fermented Plant-Based Yogurt
1.2.3.2 Growing Demand of Plant-Based Meat
1.2.4 COVID-19 Impact on Global Fermented Plant-Based Alternatives Market
1.2.5 Recent Trends and Innovation in Fermented Plant-Based Alternatives Market
1.2.5.1 Emerging Products
1.2.5.2 Influence of Free-From Diet and Clean Label Patterns
2 Application
2.1 Global Fermented Plant-Based Alternatives Market (by Application)
2.1.1 Supermarkets/Hypermarkets
2.1.2 Convenience Stores
2.1.3 Specialty Stores
2.1.4 Online
2.2 Demand Analysis of Fermented Plant-Based Alternatives Market (by Application)
2.2.1 Supermarkets/Hypermarkets
2.2.1.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Supermarket/Hypermarkets (by Region)
2.2.2 Convenience Stores
2.2.2.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Convenience Stores (by Region)
2.2.3 Specialty Stores
2.2.3.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Specialty Stores (by Region)
2.2.4 Online
2.2.4.1 Demand Analysis of Fermented Plant-Based Alternatives Market in Online (by Region)
3 Products
3.1 Global Fermented Plant-Based Alternatives Market (by Product)
3.2 Demand Analysis of Fermented Plant-Based Alternatives Market (by Product)
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Ingredient Companies
5.2.1 AngelYeast Co., Ltd
5.2.1.1 Company Overview
5.2.1.2 Role of AngelYeast Co., Ltd in Fermented Plant-Based Alternatives Market
5.2.1.3 Product Portfolio
5.2.1.4 Business Strategies
5.2.1.4.1 Product Developments
5.2.1.5 Corporate Strategies
5.2.1.5.1 Partnerships and Collaborations
5.2.1.6 Strength and Weakness of AngelYeast Co., Ltd.
5.2.2 Cargill, Incorporated
5.2.2.1 Company Overview
5.2.2.2 Role of Cargill, Incorporated in Fermented Plant-Based Alternatives Market
5.2.2.3 Product Portfolio
5.2.2.4 Business Strategies
5.2.2.4.1 Product Developments
5.2.2.5 Corporate Strategies
5.2.2.5.1 Partnerships and Collaborations
5.2.2.6 Strength and Weakness of Cargill, Incorporated
5.2.3 Chr. Hansen Holding A/S
5.2.3.1 Company Overview
5.2.3.1.1 Role of Chr. Hansen Holding A/S. in Fermented Plant-Based Alternatives Market
5.2.3.1.2 Product Portfolio
5.2.3.2 Business Strategies
5.2.3.2.1 Product Developments
5.2.3.3 Strength and Weakness of Chr. Hansen Holding A/S
5.2.3.4 R&D Analysis
5.2.4 DuPont
5.2.4.1 Company Overview
5.2.4.2 Role of DuPont in Fermented Plant-Based Alternatives Market
5.2.4.3 Product Portfolio
5.2.4.4 Business Strategies
5.2.4.4.1 Product Developments
5.2.4.5 Corporate Strategies
5.2.4.5.1 Partnerships and Collaborations
5.2.4.6 Strength and Weakness of DuPont
5.2.4.7 R&D Analysis
5.2.5 Evonik Industries AG
5.2.5.1 Company Overview
5.2.5.2 Role of Evonik Industries AG in Fermented Plant-Based Alternatives Market
5.2.5.3 Product Portfolio
5.2.5.4 R&D Analysis
5.2.5.5 Strength and Weakness of Evonik Industries AG
5.2.6 Yofix Probiotics Ltd.
5.2.6.1 Company Overview
5.2.6.2 Role of Yofix Probiotics Ltd. in Fermented Plant-Based Alternatives Market
5.2.6.3 Product Portfolio
5.2.6.4 Strength and Weakness of Yofix Probiotics Ltd.
5.3 Fermented Plant-Based Food Manufacturing Companies
5.3.1 Arla Foods
5.3.1.1 Company Overview
5.3.1.2 Role of Arla Foods in Fermented Plant-Based Alternatives Market
5.3.1.3 Product Portfolio
5.3.1.4 Business Strategies
5.3.1.4.1 Product Developments
5.3.1.5 Strength and Weakness of Arla Foods
5.3.2 Danone
5.3.2.1 Company Overview
5.3.2.2 Role of Danone in Fermented Plant-Based Alternatives Market
5.3.2.3 Product Portfolio
5.3.2.4 Business Strategies
5.3.2.4.1 Product Developments
5.3.2.5 Corporate Strategies
5.3.2.5.1 Partnerships and Collaborations
5.3.2.6 Strength and Weakness of Danone
5.3.3 Field Roast Foods
5.3.3.1 Company Overview
5.3.3.2 Role of Field Roast Foods in Fermented Plant-Based Alternatives Market
5.3.3.3 Product Portfolio
5.3.3.4 Strength and Weakness of Field Roast Foods
5.3.4 General Mills, Inc
5.3.4.1 Company Overview
5.3.4.2 Role of General Mills, Inc in Fermented Plant-Based Alternatives Market
5.3.4.3 Product Portfolio
5.3.4.4 Strength and Weakness of General Mills, Inc
5.3.4.5 R&D Analysis
5.3.5 Impossible Foods Inc.
5.3.5.1 Company Overview
5.3.5.2 Role of Impossible Foods Inc. in Fermented Plant-Based Alternatives Market
5.3.5.3 Product Portfolio
5.3.5.4 Strength and Weakness of Impossible Foods Inc.
5.3.6 Nestle
5.3.6.1 Company Overview
5.3.6.2 Role of Nestle in Fermented Plant-Based Alternatives Market
5.3.6.3 Product Portfolio
5.3.6.4 Corporate Strategies
5.3.6.4.1 Partnerships and Collaborations
5.3.6.5 Strength and Weakness of Nestle
5.3.6.6 R&D Analysis
5.3.7 Perfect Day
5.3.7.1 Company Overview
5.3.7.2 Role of Perfect Day in Fermented Plant-Based Alternatives Market
5.3.7.3 Product Portfolio
5.3.7.4 Corporate Strategies
5.3.7.4.1 Partnerships and Collaborations
5.3.7.5 Strength and Weakness of Perfect Day
5.3.8 The Hain Celestial Group, Inc.
5.3.8.1 Company Overview
5.3.8.2 Role of The Hain Celestial Group, Inc. in Fermented Plant-Based Alternatives Market
5.3.8.3 Product Portfolio
5.3.8.4 Strength and Weakness of The Hain Celestial Group, Inc.,
5.4 Distribution Companies
5.4.1 Tesco PLC
5.4.1.1 Company Overview
5.4.1.2 Role of Tesco PLC in Fermented Plant-Based Alternatives Market
5.4.1.3 Product Portfolio
5.4.1.4 Strength and Weakness of Tesco PLC
6 Research Methodology
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