According to the IMARC Group Plant-based food refers to several food products obtained from natural ingredients sourced from fruits, vegetables, nuts, oils, and whole grains. Some of the widely available plant-based food products include tofu, coconut and almond milk, tempeh, seitan, etc. Plant-based products are a rich source of vitamins B1, C and E, folic acid, magnesium, iron, etc., and contain minimal cholesterol and saturated fats. Regular consumption of plant-based products helps minimize the risks of heart obesity and metabolic disorders.
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The increasing pervasiveness of chronic diseases and growing consumer consciousness to maintain a healthy lifestyle are primarily driving the market for plant-based food. Furthermore, the rising concerns among the consumers regarding the cruelty against animals in the food industry, coupled with the widespread adoption of vegan dietary habits, are also propelling the market growth. Additionally, the increasing demand for nutrient-rich, vegan products, such as plant-based milk, eggs, and meat, that are identical in taste and texture to their animal-sourced counterparts, is further augmenting the demand for plant-based food. Other factors, such as numerous celebrity endorsements promoting vegan products, emergence of innovative flavors, wide product availability, etc., are further anticipated to bolster the market for plant-based food.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global plant-based food market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, type, source and distribution channel.
Breakup by Type:
Dairy Alternatives
Meat Alternatives
Egg Substitutes and Condiments
Others
Breakup by Source:
Soy
Almond
Wheat
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amy's Kitchen Inc., Atlantic Natural Foods LLC, Beyond Meat Inc., Danone SA, Garden Protein International Inc., Impossible Foods Inc., Lightlife Foods, Inc. (Maple Leaf Foods Inc.), Nestle S.A., Tyson Foods Inc. and Vbite Food Ltd.
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