- In March 2024, DSM-Firmenich has inaugurated a state-of-the-art pilot plant in Plainsboro, New Jersey, to foster collaboration with food and beverage brands. This facility, part of their Taste, Texture & Health Business Unit, emphasizes their commitment to global diet transformation. It aims to enable brands to develop enjoyable, healthier, and more sustainable eating and drinking experiences, reflecting a growing consumer preference for nutrition-conscious choices
- In November 2022, Beyond Meat, Inc. launched Beyond Popcorn Chicken and Beyond Chicken Nuggets, expanding its plant-based offerings. These new products are now available in 5,000 Kroger and Walmart stores across the United States, alongside select Albertsons and Ahold divisions. The introduction of these items caters to the growing consumer demand for convenient, plant-based alternatives, emphasizing Beyond Meat's commitment to providing tasty options for meat lovers and vegetarians
- In 2022, Danone introduced a new Dairy & Plant Blend baby formula to accommodate the rising trend of vegan and plant-based diets among parents. This innovative product aims to meet the nutritional needs of infants while aligning with parents' preferences for healthier, plant-based feeding options. Danone's launch reflects a broader shift in consumer behavior towards sustainable and ethical dietary choices, providing a solution for families seeking plant-based nutrition
- In November 2022, Green Rebel unveiled a new product line called Creamy Crew, which includes a variety of dairy-free cheese, sauces, and dressings. This range exemplifies the company’s ongoing innovation within the plant-based sector, offering options like egg-free mayonnaise and a Caesar-style dressing. Available through their website, these products cater to the increasing demand for tasty and sustainable alternatives, appealing to consumers looking to reduce their dairy intake
- In September 2022, Beyond Meat expanded its portfolio by launching Revolutionary Plant-Based Steak, aiming to provide a delicious and sustainable alternative to traditional meat products. This launch reflects Beyond Meat's commitment to innovation and meeting consumer demands for nutritious plant-based options. The introduction of this product signifies a pivotal step in the company's strategy to make plant-based eating accessible and appealing to a broader audience seeking meat alternatives
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
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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.
