The Global Plant-Based Food & Beverages Alternatives Market is forecasted to be worth USD 32.29 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include growing demands for a plant-based meat & dairy alternatives amongst the lactose intolerants & other patients associated with ailments that forbid the ingestion of meat.
Besides, a higher growth in the vegan population, rising concerns with the weight management, higher emphasis on weight loss have been some of the additional reasons behind the colossal growth of the market. 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
The global market landscape of Plant-Based Food & Beverages Alternatives is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the 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.
The report takes a closer look at the historical and current market scenarios to accurately predict the global Plant-Based Food & Beverages Alternatives market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Plant-Based Food & Beverages Alternatives market.
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Competitive Outlook:
The global Plant-Based Food & Beverages Alternatives market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Plant-Based Food & Beverages Alternatives market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
- 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.
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
- Plant-Based Meat
- Others
Source Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- Soy
- Wheat
- Almond
- Corn
- Others
Distribution Channel Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Plant-Based Food & Beverages Alternatives market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Plant-Based Food & Beverages Alternatives in the near future?
- What is the regulatory framework governing the application of Plant-Based Food & Beverages Alternatives in the food industry?
- Which manufacturing processes are utilized for the production of Plant-Based Food & Beverages Alternatives?
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