Plant-Based Food & Beverage Alternatives Market to Reach USD 32.29 Billion By 2027; Various Health Benefits and Extensive Rise in the Vegan Diets are the Major Factors Influencing Industry Growth, says Emergen Research
Vancouver, British Columbia - April 15, 2021 (Newsfile Corp.) (Investorideas.com Newswire) The Global Plant-Based Food & Beverage Alternatives Market is forecasted to be worth USD 32.29 billion by 2027, according to a current analysis by Emergen Research. The growing emphasis on the plant-based meat & dairy alternatives amongst the lactose intolerants & other patients associated with ailments that forbid the ingestion of meat and rising concerns with the weight management, higher emphasis on weight loss are some of the valuable reasons behind the growth of the market.
Additionally, an upsurge in the vegan population and the growing practice of consuming low fat milks has been some of the direct propelling factors behind the substantial demand for this market. Besides, some of the plant-based milk have been very effective on enhancing antioxidant degree, providing exceptionally low sugar & calorie content, working as an efficient source of calcium for the bones & providing high bone density, digestive health & weight management.
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The global market landscape of Plant-Based Food & Beverage Alternatives is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Further key findings from the report suggest:
- Key companies in the Plant-Based Food & Beverage Alternatives market are Blue Diamond Growers Inc., Before the Butcher LLC, Califia Farms LP, Daiya Foods Inc., Field Roast Grain Meat Co. Inc., Impossible Foods Inc., Amy's Kitchen, Boca Foods Co., ConAgra Brands Inc., and Danone S.A., among others.
- In December 2019, Danone S.A. announced its active participation in a funding round for the plant-based business of Halsa Foods. Halsa Foods manufactures variety of dairy alternative products across the United States.
- The soy sub-segment is growing with the fastest CAGR 17.3% owing to its massive ongoing & forecasted demand. The products in soy based protein or milk serve as an excellent sources of dietary protein.
- The Asia Pacific area is predicted to accelerate with the fastest growth rate during the forecast period. Higher growth in the vegan population, growing preference for the plant-based alternatives due to its massive health benefits in the Asia Pacific region, which are mostly dominated by the countries, namely China and India, is gaining a positive impact on the overall worldwide market growth throughout the forecast period.
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For the purpose of this report, Emergen Research has segmented into the global Plant-Based Food & Beverages Market on the basis of Product Type, Source, Distribution Channel, and Region:
- Product Type Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- Plant-Based Dairy
- Plant-Based Milk
- Plant-Based Cheese
- Plant-Based Creamers
- Plant-Based Butter
- Plant-Based Yogurt
- Convenience Stores
- Specialty Stores
- Online Stores
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/plant-based-food-and-beverages-alternatives-market.
- Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- North America
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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