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Plant-Based Food & Beverages Alternatives Market Forecast, Revenue, Demand, Growth and Key Companies Valuation by 2028

September 15, 2021

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. The report provides Plant-Based Food & Beverages Alternatives market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2024–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Plant-Based Food & Beverages Alternatives market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Plant-Based Food & Beverages Alternatives Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.

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.

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Plant-Based Food & Beverages Alternatives Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2024 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Plant-Based Food & Beverages Alternatives market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Plant-Based Food & Beverages Alternatives market revenue growth to a significant extent over the forecast period.

Region wise performance of the Plant-Based Food & Beverages Alternatives industry

North America Plant-Based Food & Beverages Alternatives market forecast is expected to remain significantly positive in terms of revenue share between 2024 and 2028. In addition, North America Plant-Based Food & Beverages Alternatives market revenue share is expected to remain comparatively larger than that of other regional markets from 2024 to 2028.

Asia Pacific registered fastest revenue CAGR in 2024, and the Plant-Based Food & Beverages Alternatives market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.

Europe Plant-Based Food & Beverages Alternatives market forecast is positive currently, with revenue growth expected to remain steady between 2024 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Plant-Based Food & Beverages Alternatives market growth.

Further key findings from the report suggest

In October 2019, Blue Diamond Growers Inc., a US-based co-operative announced the launch of a new beverage portfolio comprising the Almond extract and named it Almond Breeze Almond milk in the Mexican Hot Chocolate flavor.
Plant-Based Dairy, being the most used plant-based alternatives and having a large number of uses cases in food & beverages, take up the is expected to lead in the forthcoming years. The Plant-Based Dairy sub-segment in Product Type segment had 65.7% market share in the year 2019. Different studies suggest that many of the plant-based milks are capable of providing non-GMO and a glutton-free diets with additional vitamin source to help create a higher rate of fat-soluble antioxidant and also works fine for the vegan diet lifestyles.
North America owing to growing penetration for its non-dairy based or cereal products, especially in the U.S. and Canada, along with a higher thrust on the alternative products of meats, is expected to fuel regional market growth substantially.
Key players in the market 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.

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Table of Content

Chapter 1. Methodology & Sources

1.1. Plant-Based Food & Beverages Alternatives Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Plant-Based Food & Beverages Alternatives Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028

Chapter 3. Key Insights

Chapter 4. Plant-Based Food & Beverages Alternatives Market Segmentation & Impact Analysis

4.1. Plant-Based Food & Beverages Alternatives Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Plant-Based Food & Beverages Alternatives Market indicators analysis

4.2.2. Plant-Based Food & Beverages Alternatives Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Plant-Based Food & Beverages Alternatives Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Plant-Based Food & Beverages Alternatives products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Continued….

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Plant-Based Food & Beverages Alternatives industry for the forecast period 2024-2027?
What are the major driving forces expected to impact the development of the Plant-Based Food & Beverages Alternatives market across different regions?
Who are the major driving forces expected to decide the fate of the Plant-Based Food & Beverages Alternatives industry worldwide?
Who are the prominent market players making a mark in the Plant-Based Food & Beverages Alternatives market with their winning strategies?
Which Plant-Based Food & Beverages Alternatives industry trends are likely to shape the future of the industry during the forecast period 2024-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Plant-Based Food & Beverages Alternatives market?

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