NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028

Market by Type, Source, Distributors, and Country | Forecast 2021-2028

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North America’s market for plant-based food and beverage is expected to observe revenue growth in the forecast period from 2021 to 2028, while growing with a CAGR of 8.60%.


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The countries examined in this market include:

           The United States

           Canada

As per a report on ‘Climate Change and the American Diet’, 94% of the people surveyed in the US expressed their willingness to consume more plant-based foods, with more than half of them wanting to eat more plant-based meat substitutes. The factors responsible for the increased consumption of plant-based diets include the rising concerns about health, and also the increased concerns about the environment, decrease in the cost of plant-based foods, and technological developments.

Conagra Brands, Inc., PepiCo Inc, The Kellogg Company, Tyson Foods Inc., and Coca Cola Co., are the leading plant-based F&B manufacturers in the United States. In January 2021, Beyond Meat Inc and PepsiCo Inc entered into the partnership to form a joint venture named The PLANeT Partnership, LLC (TPP), to develop, manufacture, and market innovative food & beverage products derived from plant-based protein. In April 2017, Coca Cola completed the acquisition of AdeS, a soy-based beverage producer, from Unilever, for a staggering $575 million, as part of the company’s efforts to expand its plant-based beverage portfolio. This shows that the studied market is on a growth path in the United States market.

Califia Farms develops and distributes plant-based foods. Its energy-efficient, eco-friendly manufacturing plant uses artisanal processes to develop healthy plant-based drinks. Some of the company’s products include oats milk, almond milk, and coconut milk. It is one of the fastest-developing natural beverage producing companies in the US, and is a leading brand in the natural plant-based milk products category. The company is headquartered in Los Angeles, California.

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Table of Content

1. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – SUMMARY

2. INDUSTRY OUTLOOK  

2.1. IMPACT OF COVID-19 ON THE PLANT-BASED FOOD AND BEVERAGE INDUSTRY

2.2. KEY INSIGHTS      

2.2.1.   AWARENESS ABOUT ANIMAL HEALTH AND SAFETY       

2.2.2.   MANUFACTURING PLANT EXPANSIONS      

2.2.3.   CONCERNS ABOUT HEALTH AND CHANGING LIFESTYLES       

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS   

2.3.2.   THREAT OF SUBSTITUTE           

2.3.3.   BARGAINING POWER OF BUYERS     

2.3.4.   BARGAINING POWER OF SUPPLIERS

2.3.5.   THREAT OF COMPETITIVE RIVALRY  

2.4. MARKET ATTRACTIVENESS INDEX  

2.5. VENDOR SCORECARD 

2.6. KEY MARKET STRATEGIES     

2.6.1.   PRODUCT LAUNCHES    

2.6.2.   CONTRACT & PARTNERSHIPS

2.7. MARKET DRIVERS         

2.7.1.   SHIFT TOWARDS VEGANISM    

2.7.2.   RISING LACTOSE INTOLERANCE        

2.7.3.   ADVANTAGES OF PLANT-BASED DIET          

2.8. MARKET CHALLENGES

2.8.1.   HIGH COST OF PLANT-BASED PRODUCTS 

2.8.2.   LIMITED AWARENESS    

2.8.3.   DISPARITY IN PERCEPTION OF DAIRY AND PLANT-BASED FOOD AND BEVERAGES 

2.9. MARKET OPPORTUNITIES       

2.9.1.   AVAILABILITY OF SUSTAINABLE PRODUCTS AND RECYCLABLE PACKAGING   

2.9.2.   REVOLUTIONARY MANUFACTURING PROCEDURES       

2.9.3.   INTRODUCTION OF BRAND NEW PRODUCTS        

3. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY TYPE     

3.1. DAIRY         

3.2. MEAT          

3.3. OTHER TYPES     

4. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY SOURCE

4.1. SOY 

4.2. WHEAT       

4.3. ALMOND    

4.4. CORN         

4.5. OTHER SOURCES          

5. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY DISTRIBUTORS

5.1. SUPERMARKETS/HYPERMARKETS 

5.2. CONVENIENCE STORES          

5.3. SPECIALTY STORES      

5.4. ONLINE RETAIL   

5.5. OTHER DISTRIBUTORS 

6. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK     

6.1. UNITED STATES

6.2. CANADA                            

7. COMPETITIVE LANDSCAPE 

7.1. AMY’S KITCHEN              

7.2. BEYOND MEAT INC        

7.3. BLUE DIAMOND GROWERS     

7.4. CALIFIA FARMS               

7.5. CONAGRA BRANDS       

7.6. DAIYA FOODS INC          

7.7. DANONE SA

7.8. FIELD ROAST GRAIN MEAT CO INC

7.9. IMPOSSIBLE FOODS INC          

7.10. KIKKOMAN CORPORATION               

7.11. MORNINGSTAR FARMS                      

7.12. MOVING MOUNTAINS              

7.13. PACIFIC FOODS OF OREGON                      

7.14. QUORN FOODS 

7.15. SUNFED              

7.16. SWEET EARTH INC                  

7.17. THE HAIN CELESTIAL GROUP INC  

7.18. YOFIX PROBIOTICS     

8. RESEARCH METHODOLOGY & SCOPE     

8.1. RESEARCH SCOPE & DELIVERABLES                    

8.2. SOURCES OF DATA                   

8.3. RESEARCH METHODOLOGY  

List of Tables

TABLE 1: NORTH AMERICA 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: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 3: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DAIRY, 2021-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY MEAT, 2021-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)

FIGURE 6: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2020 & 2028 (IN %)

FIGURE 7: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2021-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2021-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2021-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CORN, 2021-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER SOURCES, 2021-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2020 & 2028 (IN %)

FIGURE 13: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2021-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2021-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2021-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE RETAIL, 2021-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER DISTRIBUTORS, 2021-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 19: UNITED STATES PLANT-BASED FOOD AND BEVERAGE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 20: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, 2021-2028 (IN $ MILLION)

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