NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030

Consumer Goods & Services | Food & Beverages

NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030

Market by Type, Ingredient, Storage, Sales Channel, and Country Outlook | Forecast 2023-2030

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Triton Market Research predicts that North America’s plant-based food and beverage market is expected to advance at a compound annual growth rate of 10.73% over the forecast period 2023 to 2030.


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The countries researched in the region are:

•         Canada

•         United States

North America has a growing demand for plant-based food and beverages driven by the desire for nutritional foods and healthy diets. The popularity of veganism is increasing, with over 9.5 million Americans consuming plant-based products. The growing appetite for plant-based foods has sparked a wave of innovative options that appeal to health-conscious consumers across the region. The rise in food allergies and related illnesses from animal-based products is expected to further drive the plant-based food and beverage market across North America.

The United States dominates the North American plant-based food and beverage market. Several prominent plant-based meat producers have set up operations with a focus on R&D. For instance, the biomimicry method pioneered by companies like Impossible Foods and Beyond Meat has generated various opportunities for the studied market. Additionally, the increased investments and distribution channel expansion have contributed to the US market’s growth. The nation also benefits from a growing veganism trend, particularly among the young demographic.

Wheat gluten, extracted as a by-product during starch isolation from wheat flour, is widely used in plant-based food processing due to its binding and dough-forming abilities. It enhances taste and modifies texture while being low in GHG emissions, making it popular for meat replacement.

The plant-based food and beverage market is segmented into the sales channel, storage, type, and ingredient. The ingredient section is divided into wheat, coconut, soy, almond, cashew, pea, and other ingredients.

The prominent plant-based food and beverage market companies include The Hain Celestial Group Inc, Beyond Meat Inc, The Archer-Daniels-Midland Company (ADM), General Mills Inc, Meatless Farm, and Beyond Meat Inc.

The Hain Celestial Group Inc is a manufacturer and marketer of organic and natural products. Its diverse product portfolio includes food for children, rice, grain-based products, plant-based beverages, frozen desserts, flour and bakery products, cereal bars, soups, and yogurts. It sells products under brands such as Soy Dream, The Greek Gods, Spectrum, Sun-Pat, Westbrae, Natumi, Ella’s Kitchen, and Celestial Seasonings. The company operates across multiple regions, with headquarters located in Lake Success, New York, the US.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the plant-based food and beverage market revenue growth in North America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


      A wide-ranging study of factors that will challenge the NA plant-based food and beverage market’s growth during the upcoming years

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Table of Content

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

2. INDUSTRY OUTLOOK

2.1. IMPACT ANALYSIS ON THE PLANT-BASED FOOD AND BEVERAGE MARKET

2.1.1. COVID-19 IMPACT

2.2. KEY INSIGHTS

2.2.1. AWARENESS ABOUT ANIMAL WELFARE AND FOOD SAFETY

2.2.2. FAVORABLE INITIATIVES BY GOVERNMENTS AND ASSOCIATIONS

2.2.3. DEMAND FOR PLANT-BASED SEAFOOD

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET MATURITY ANALYSIS

2.5. INDUSTRY COMPONENTS

2.5.1. RAW MATERIAL SUPPLIERS

2.5.2. FOOD MANUFACTURERS

2.5.3. DISTRIBUTORS

2.5.4. END-USERS

2.6. REGULATORY FRAMEWORK

2.7. KEY MARKET STRATEGIES

2.7.1. PRODUCT LAUNCHES

2.7.2. COLLABORATIONS

2.7.3. BUSINESS EXPANSIONS & DIVESTITURES

2.7.4. ACQUISITIONS

2.8. MARKET DRIVERS

2.8.1. SHIFT TOWARDS VEGANISM

2.8.2. RISING LACTOSE INTOLERANCE

2.8.3. ADVANTAGES OF PLANT-BASED DIET

2.9. MARKET CHALLENGES

2.9.1. HIGH COST OF PLANT-BASED PRODUCTS

2.9.2. LIMITED AWARENESS

2.9.3. DISPARITY OF VIEWPOINTS BETWEEN DAIRY AND PLANT-BASED FOOD AND BEVERAGES

2.10. MARKET OPPORTUNITIES

2.10.1. SUSTAINABLE PRODUCTS AND RECYCLABLE PACKAGING

2.10.2. REVOLUTIONARY MANUFACTURING PROCEDURES

2.10.3. INNOVATION AND DIVERSITY IN PLANT-BASED FOOD AND BEVERAGES

2.11. ANALYST PERSPECTIVE

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

3.1. PLANT-BASED DAIRY DERIVATIVES

3.1.1. PLANT-BASED ICE CREAM AND FROZEN DESSERTS

3.1.2. PLANT-BASED CHEESE

3.1.3. PLANT-BASED YOGURT

3.1.4. PLANT-BASED CREAMER

3.1.5. PLANT-BASED DAIRY SPREADS AND DIPS

3.2. PLANT-BASED MEAT SUBSTITUTES

3.2.1. TEXTURED VEGETABLE PROTEIN

3.2.2. TOFU

3.2.3. TEMPEH

3.2.4. MYCOPROTEIN, SEITAN, AND OTHER MEAT SUBSTITUTES

3.3. PLANT-BASED NUTRITION/SNACK BARS

3.4. PLANT-BASED BAKERY PRODUCTS

3.5. PLANT-BASED BEVERAGES

3.5.1. PLANT-BASED MILK

3.5.1.1. SOY MILK

3.5.1.2. ALMOND MILK

3.5.1.3. OTHER PLANT-BASED MILK

3.5.2. PACKAGED SMOOTHIES

3.5.3. COFFEE

3.5.4. TEA

3.5.5. OTHER PLANT-BASED BEVERAGES

3.6. OTHER PLANT-BASED TYPE PRODUCTS

4. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY INGREDIENT

4.1. SOY

4.2. WHEAT

4.3. PEA

4.4. COCONUT

4.5. ALMOND

4.6. CASHEW

4.7. OTHER INGREDIENTS

5. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY STORAGE

5.1. FROZEN

5.2. REFRIGERATED

5.3. SHELF-STABLE

6. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY SALES CHANNEL

6.1. OFFLINE SALES CHANNEL

6.1.1. SUPERMARKETS/HYPERMARKETS

6.1.2. CONVENIENCE STORES

6.1.3. SPECIALTY STORES

6.1.4. OTHER OFFLINE SALES CHANNELS

6.2. ONLINE SALES CHANNEL

7. NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – BY COUNTRY OUTLOOK

7.1. NORTH AMERICA

7.1.1. MARKET BY TYPE

7.1.1.1. MARKET BY DAIRY DERIVATIVES

7.1.1.2. MARKET BY MEAT SUBSTITUTES

7.1.1.3. MARKET BY PLANT-BASED BEVERAGES

7.1.1.3.1. MARKET BY PLANT-BASED MILK

7.1.2. MARKET BY INGREDIENT

7.1.3. MARKET BY STORAGE

7.1.4. MARKET BY SALES CHANNEL

7.1.4.1. MARKET BY OFFLINE SALES CHANNEL

7.1.5. COUNTRY ANALYSIS

7.1.5.1. UNITED STATES

7.1.5.1.1. UNITED STATES PLANT-BASED FOOD AND BEVERAGE MARKET FORECAST & PROSPECTS

7.1.5.2. CANADA

7.1.5.2.1. CANADA PLANT-BASED FOOD AND BEVERAGE MARKET FORECAST & PROSPECTS

8. COMPETITIVE LANDSCAPE

8.1. GENERAL MILLS INC

8.1.1. OVERVIEW

8.1.2. PRODUCT PORTFOLIO

8.1.3. KEY STRENGTHS

8.1.4. KEY CHALLENGES

8.2. DANONE SA

8.2.1. OVERVIEW

8.2.2. PRODUCT PORTFOLIO

8.2.3. KEY STRENGTHS

8.2.4. KEY CHALLENGES

8.3. CONAGRA BRANDS INC

8.3.1. OVERVIEW

8.3.2. PRODUCT PORTFOLIO

8.3.3. KEY STRENGTHS

8.3.4. KEY CHALLENGES

8.4. THE HAIN CELESTIAL GROUP INC

8.4.1. OVERVIEW

8.4.2. PRODUCT PORTFOLIO

8.4.3. KEY STRENGTHS

8.4.4. KEY CHALLENGES

8.5. BLUE DIAMOND GROWERS

8.5.1. OVERVIEW

8.5.2. PRODUCT PORTFOLIO

8.5.3. KEY STRENGTHS

8.5.4. KEY CHALLENGES

8.6. THE ARCHER-DANIELS-MIDLAND COMPANY (ADM)

8.6.1. OVERVIEW

8.6.2. PRODUCT PORTFOLIO

8.6.3. KEY STRENGTHS

8.6.4. KEY CHALLENGES

8.7. NESTLÉ SA

8.7.1. OVERVIEW

8.7.2. PRODUCT PORTFOLIO

8.7.3. KEY STRENGTHS

8.7.4. KEY CHALLENGES

8.8. IMPOSSIBLE FOODS INC

8.8.1. OVERVIEW

8.8.2. PRODUCT PORTFOLIO

8.9. AMY’S KITCHEN INC

8.9.1. OVERVIEW

8.9.2. PRODUCT PORTFOLIO

8.10. BEYOND MEAT INC

8.10.1. OVERVIEW

8.10.2. PRODUCT PORTFOLIO

8.11. CAMPBELL SOUP COMPANY

8.11.1. OVERVIEW

8.11.2. PRODUCT PORTFOLIO

8.12. DAIYA FOODS INC

8.12.1. OVERVIEW

8.12.2. PRODUCT PORTFOLIO

8.13. LIVING HARVEST FOODS INC

8.13.1. OVERVIEW

8.13.2. PRODUCT PORTFOLIO

8.14. MEATLESS FARM

8.14.1. OVERVIEW

8.14.2. PRODUCT PORTFOLIO

8.15. KEVITA INC

8.15.1. OVERVIEW

8.15.2. PRODUCT PORTFOLIO

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: COUNTRY-WISE REGULATORY FRAMEWORK FOR PLANT-BASED FOOD AND BEVERAGE

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 6: LIST OF ACQUISITIONS

TABLE 7: VEGANISM AROUND NORTH AMERICA

TABLE 8: POPULATION PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE ACROSS NORTH AMERICA

TABLE 9: ANNUAL CONSUMPTION OF COW MILK IN NORTH AMERICA, BY COUNTRY OUTLOOK

TABLE 10: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2023-2030 (IN $ MILLION)

TABLE 11: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY DERIVATIVES, 2023-2030 (IN $ MILLION)

TABLE 12: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT SUBSTITUTES, 2023-2030 (IN $ MILLION)

TABLE 13: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BEVERAGES, 2023-2030 (IN $ MILLION)

TABLE 14: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK, 2023-2030 (IN $ MILLION)

TABLE 15: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY INGREDIENT, 2023-2030 (IN $ MILLION)

TABLE 16: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY STORAGE, 2023-2030 (IN $ MILLION)

TABLE 17: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SALES CHANNEL, 2023-2030 (IN $ MILLION)

TABLE 18: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES CHANNEL, 2023-2030 (IN $ MILLION)

TABLE 19: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2022 & 2030 (IN %)

FIGURE 4: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY DERIVATIVES, 2023-2030 (IN $ MILLION)

FIGURE 5: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY DERIVATIVES, 2022 & 2030 (IN %)

FIGURE 6: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED ICE CREAM AND FROZEN DESSERTS, 2023-2030 (IN $ MILLION)

FIGURE 7: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED CHEESE, 2023-2030 (IN $ MILLION)

FIGURE 8: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED YOGURT, 2023-2030 (IN $ MILLION)

FIGURE 9: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED CREAMER, 2023-2030 (IN $ MILLION)

FIGURE 10: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY SPREADS AND DIPS, 2023-2030 (IN $ MILLION)

FIGURE 11: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT SUBSTITUTES, 2023-2030 (IN $ MILLION)

FIGURE 12: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT SUBSTITUTES, 2022 & 2030 (IN %)

FIGURE 13: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEXTURED VEGETABLE PROTEIN, 2023-2030 (IN $ MILLION)

FIGURE 14: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TOFU, 2023-2030 (IN $ MILLION)

FIGURE 15: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEMPEH, 2023-2030 (IN $ MILLION)

FIGURE 16: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY MYCOPROTEIN, SEITAN, AND OTHER MEAT SUBSTITUTES, 2023-2030 (IN $ MILLION)

FIGURE 17: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED NUTRITION/SNACK BARS, 2023-2030 (IN $ MILLION)

FIGURE 18: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BAKERY PRODUCTS, 2023-2030 (IN $ MILLION)

FIGURE 19: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BEVERAGES, 2023-2030 (IN $ MILLION)

FIGURE 20: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BEVERAGES, 2022 & 2030 (IN %)

FIGURE 21: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK, 2023-2030 (IN $ MILLION)

FIGURE 22: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK, 2022 & 2030 (IN %)

FIGURE 23: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY MILK, 2023-2030 (IN $ MILLION)

FIGURE 24: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND MILK, 2023-2030 (IN $ MILLION)

FIGURE 25: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED MILK, 2023-2030 (IN $ MILLION)

FIGURE 26: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PACKAGED SMOOTHIES, 2023-2030 (IN $ MILLION)

FIGURE 27: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COFFEE, 2023-2030 (IN $ MILLION)

FIGURE 28: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEA, 2023-2030 (IN $ MILLION)

FIGURE 29: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED BEVERAGES, 2023-2030 (IN $ MILLION)

FIGURE 30: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED TYPE PRODUCTS, 2023-2030 (IN $ MILLION)

FIGURE 31: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY INGREDIENT, 2022 & 2030 (IN %)

FIGURE 32: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2023-2030 (IN $ MILLION)

FIGURE 33: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2023-2030 (IN $ MILLION)

FIGURE 34: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PEA, 2023-2030 (IN $ MILLION)

FIGURE 35: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COCONUT, 2023-2030 (IN $ MILLION)

FIGURE 36: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2023-2030 (IN $ MILLION)

FIGURE 37: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CASHEW, 2023-2030 (IN $ MILLION)

FIGURE 38: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER INGREDIENTS, 2023-2030 (IN $ MILLION)

FIGURE 39: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY STORAGE, 2022 & 2030 (IN %)

FIGURE 40: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY FROZEN, 2023-2030 (IN $ MILLION)

FIGURE 41: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY REFRIGERATED, 2023-2030 (IN $ MILLION)

FIGURE 42: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SHELF-STABLE, 2023-2030 (IN $ MILLION)

FIGURE 43: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SALES CHANNEL, 2022 & 2030 (IN %)

FIGURE 44: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES CHANNEL, 2023-2030 (IN $ MILLION)

FIGURE 45: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES CHANNEL, 2022 & 2030 (IN %)

FIGURE 46: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2023-2030 (IN $ MILLION)

FIGURE 47: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2023-2030 (IN $ MILLION)

FIGURE 48: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2023-2030 (IN $ MILLION)

FIGURE 49: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER OFFLINE SALES CHANNELS, 2023-2030 (IN $ MILLION)

FIGURE 50: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE SALES CHANNEL, 2023-2030 (IN $ MILLION)

FIGURE 51: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 52: UNITED STATES PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030 (IN $ MILLION)

FIGURE 53: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030 (IN $ MILLION)

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