Market by Type, Source, Distributors, and Country | Forecast 2021-2028
An analysis by Triton Market suggests that the plant-based food and beverage market in the Asia-Pacific is set to progress with a CAGR of 8.90% in the projected duration from 2021 to 2028.
Report scope can be customized per your requirements. Request For Customization
The countries considered in this market include:
• China
• Japan
• India
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of APAC countries
People in China consume more vegetables than those anywhere else in the world. In fact, the meat consumption in the country is already significantly less than that in the US. Additionally, the government is determined to reduce meat consumption in the nation by 50% by the year 2030, in a bid to reduce its GHG emissions. This is an excellent opportunity for Chinese plant-based brands to pave the way for innovation in plant-based food & beverage products both domestically and globally.
In December 2020, Nestlé launched its new range of plant-based meat in the country, under its Harvest Gourmet brand. The range includes plant-based ‘sausages,’ ‘burgers,’ ‘mince,’ and ‘nuggets,’ as well as meatless substitutes to dishes like kung pao chicken, spicy wok, pork belly, and braised meatballs. In November 2020, Beyond Meat Inc introduced plant-based minced pork in the Chinese market, to tap into the growing demand for such products. All these factors are aiding the plant-based food and beverage market to grow in the coming years.
The number of vegan restaurants in Japan has increased significantly in the last couple of years. Major food producers based in the country, such as Marudai Food Co, NH Foods Ltd, and Itoham Foods Inc, are focusing on new product development and planning to launch plant-based products. This will foster the growth of the studied market in Japan in the years to come.
Sunfed is a world-leading, innovative food tech start-up producing healthy, safe, and sustainable foods. With the help of clean technology, Sunfed takes extracts proteins from plants and creates eatables similar to animal meat in taste, feel, and functionality. Sunfed is headquartered in Auckland, New Zealand.
Market By Category, Applicatio ..
VIEW REPORT
Market By Category, Applicatio ..
VIEW REPORT
Market by RTD Type | Forecast ..
VIEW REPORT
Market by Product Type | Forec ..
VIEW REPORT
Market by Product, Application ..
VIEW REPORT
Market By Product Type, Specie ..
VIEW REPORT
Market By Demographics, Produc ..
VIEW REPORT
Market by Type, Sales Channel, ..
VIEW REPORT1. ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET – SUMMARY      Â
2. INDUSTRY OUTLOOKÂ Â
2.1. IMPACT OF COVID-19 ON THE PLANT-BASED FOOD AND BEVERAGE INDUSTRY
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  AWARENESS ABOUT ANIMAL HEALTH AND SAFETY      Â
2.2.2.  MANUFACTURING PLANT EXPANSIONS     Â
2.2.3.  CONCERNS ABOUT HEALTH AND CHANGING LIFESTYLES      Â
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1.  THREAT OF NEW ENTRANTS  Â
2.3.2.  THREAT OF SUBSTITUTE          Â
2.3.3.  BARGAINING POWER OF BUYERS    Â
2.3.4.  BARGAINING POWER OF SUPPLIERS
2.3.5.  THREAT OF COMPETITIVE RIVALRY Â
2.4. MARKET ATTRACTIVENESS INDEXÂ Â
2.5. VENDOR SCORECARDÂ
2.6. KEY MARKET STRATEGIESÂ Â Â Â Â
2.6.1.  PRODUCT LAUNCHES   Â
2.6.2.  CONTRACT & PARTNERSHIPS
2.7. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.7.1.  SHIFT TOWARDS VEGANISM   Â
2.7.2.  RISING LACTOSE INTOLERANCE       Â
2.7.3.  ADVANTAGES OF PLANT-BASED DIET         Â
2.8. MARKET CHALLENGES
2.8.1.  HIGH COST OF PLANT-BASED PRODUCTSÂ
2.8.2.  LIMITED AWARENESS   Â
2.8.3.  DISPARITY IN PERCEPTION OF DAIRY AND PLANT-BASED FOOD AND BEVERAGESÂ
2.9. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.9.1.  AVAILABILITY OF SUSTAINABLE PRODUCTS AND RECYCLABLE PACKAGING  Â
2.9.2.  REVOLUTIONARY MANUFACTURING PROCEDURES      Â
2.9.3.  INTRODUCTION OF BRAND NEW PRODUCTS       Â
3. ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY TYPE Â
3.1. DAIRYÂ Â Â Â Â Â Â Â Â
3.2. MEATÂ Â Â Â Â Â Â Â Â Â
3.3. OTHER TYPESÂ Â Â Â Â
4. ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY SOURCE    Â
4.1. SOYÂ
4.2. WHEATÂ Â Â Â Â Â Â
4.3. ALMONDÂ Â Â Â
4.4. CORNÂ Â Â Â Â Â Â Â Â
4.5. OTHER SOURCESÂ Â Â Â Â Â Â Â Â Â
5. ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY DISTRIBUTORS
5.1. SUPERMARKETS/HYPERMARKETSÂ
5.2. CONVENIENCE STORESÂ Â Â Â Â Â Â Â Â Â
5.3. SPECIALTY STORESÂ Â Â Â Â Â
5.4. ONLINE RETAILÂ Â Â
5.5. OTHER DISTRIBUTORSÂ
6. ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK    Â
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH KOREA
6.5. ASEAN COUNTRIES
6.6. AUSTRALIA & NEW ZEALAND
6.7. REST OF ASIA-PACIFICÂ Â Â Â Â Â Â Â Â Â Â Â
7. COMPETITIVE LANDSCAPEÂ
7.1. AMY’S KITCHEN             Â
7.2. BEYOND MEAT INCÂ Â Â Â Â Â Â Â
7.3. BLUE DIAMOND GROWERSÂ Â Â Â Â
7.4. CALIFIA FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.5. CONAGRA BRANDSÂ Â Â Â Â Â Â
7.6. DAIYA FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.7. DANONE SA
7.8. FIELD ROAST GRAIN MEAT CO INC
7.9. IMPOSSIBLE FOODS INCÂ Â Â Â Â Â Â Â Â Â
7.10. KIKKOMAN CORPORATIONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.11. MORNINGSTAR FARMSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.12. MOVING MOUNTAINSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.13. PACIFIC FOODS OF OREGONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.14. QUORN FOODSÂ
7.15. SUNFEDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â
7.16. SWEET EARTH INCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
7.17. THE HAIN CELESTIAL GROUP INCÂ Â
7.18. YOFIX PROBIOTICSÂ Â Â Â Â
8. RESEARCH METHODOLOGY & SCOPEÂ Â Â Â Â
8.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.2. SOURCES OF DATAÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: VEGANISM AROUND THE WORLD
TABLE 4: POPULATION PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE ACROSS THE WORLD
TABLE 5: ANNUAL CONSUMPTION OF COW MILK WORLDWIDE BY COUNTRY
TABLE 6: NEW PRODUCT LAUNCHES OF PLANT-BASED PRODUCTS
TABLE 7: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY DAIRY, 2021-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY MEAT, 2021-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2020 & 2028 (IN %)
FIGURE 7: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY CORN, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER SOURCES, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2020 & 2028 (IN %)
FIGURE 13: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE RETAIL, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER DISTRIBUTORS, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 19: CHINA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: JAPAN PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: INDIA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: SOUTH KOREA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: ASEAN COUNTRIES PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: AUSTRALIA & NEW ZEALAND PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: REST OF ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)