Global Plant Based Food Market Trends

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Global Plant Trends

  • Food & Beverage
  • Upcoming Report
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Rising Demand for Plant-Based Protein Sources”

The plant-based food market is witnessing a significant trend toward the adoption of plant-based protein sources, driven by growing health awareness and sustainability concerns. Products like pea protein, soy, and lentils are gaining popularity among consumers seeking alternatives to animal-based proteins. For instance, in March 2024, The Kraft Heinz Not Company LLC has made a significant stride in plant-based offerings by launching NotHotDogs and NotSausages, marking the first plant-based products under the iconic Oscar Mayer brand. This joint venture with NotCo aims to deliver the savory and smoky flavors that fans have cherished for over 140 years, aligning with the mission to create delectable plant-based foods accessible to all.

Frequently Asked Questions

The market is segmented based on Global Plant-Based Food Market Segmentation, By Type (Dairy Substitute, Meat Substitute, Egg Substitute, Seafood Substitute, and Others), Category (Organic and Conventional), Distribution Channel (Store-Based and Non Store Based), Source (Soybean, Nuts, Wheat, Pea, and Others) – Industry Trends and Forecast to 2031 .
The Global Plant Based Food Market size was valued at USD 22.58 USD Billion in 2023.
The Global Plant Based Food Market is projected to grow at a CAGR of 25.7% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.