GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028

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

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Plant-based food and beverages are sourced from vegetables, grains, nuts, legumes, and fruits, and constitute amounts of magnesium, folic acid, vitamin C, vitamin E, iron, dietary fiber, etc. As per Triton Market Research, the global market for plant-based food and beverage was valued at $42186.43 million in 2020, and is expected to reach $81538.73 million by 2028, growing at a CAGR of 8.71% during the forecast period.


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Triton Market Research’s report on the plant-based food and beverage market provides an in-depth insight into the market. The detailed analysis of the market includes key insights, Porter’s five forces analysis, market attractiveness index, vendor scorecard, key strategies, and the impact of COVID-19 on the plant-based food and beverage market.

The market is driven by several factors, such as the growing shift towards veganism, rising lactose intolerance, and the advantages of plant-based diet. However, the demand for plant-based food and beverages is mainly rising due to the rapid increase in lactose-intolerant people around the world. Abdominal pain, bloating, diarrhea, gas, and nausea, etc., are symptoms of lactose intolerance, and presently, more than 60% of the people in the world are affected by this condition. Thus, the increase in health and wellness consciousness has elevated the demand for plant-based beverages.

Further, an increasing number of plant-based food and beverage types, such as plant-based dairy products, plant-based meat products, and other types of products, are anticipated to positively impact this market’s growth. Also, the launch of new products will bring out the various alternatives for non-dairy products and beverages, and is expected to create substantial opportunities for the plant-based food and beverage market.

The market has been negatively affected due to limited awareness about plant-based food and beverages. Consumers are not well aware of the benefits and nutritional value of plant-based beverages on the same level as dairy products. Most people are unaware that they are lactose intolerant for years. That is why many of them go undiagnosed.



Key geographies covered in the global plant-based food and beverage market are:

           North America: United States and Canada

           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

           Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific

           Latin America: Brazil, Mexico, and Rest of Latin America

           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the plant-based food and beverage market includes:

           Type segment includes:

o          Dairy

o          Meat

o          Other Types

           Source segment includes:

o          Soy

o          Wheat

o          Almond

o          Corn

o          Other Sources

           Distributors segment includes:

o          Supermarkets/Hypermarkets

o          Convenience Stores

o          Specialty Stores

o          Online Retail

o          Other Distributors

Daiya Foods Inc, Califia Farms, Kikkoman Corporation, Field Roast Grain Meat Co Inc, Yofix Probiotics, Quorn Foods, The Hain Celestial Group Inc, Blue Diamond Growers, Moving Mountains, Conagra Brands, Morningstar Farms, Sunfed, Danone Sa, Amy’s Kitchen, Beyond Meat Inc, Impossible Foods Inc, Sweet Earth Inc, Pacific Foods Of Oregon are the well-established players in the plant-based food and beverage market.

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Table of Content

1. GLOBAL 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. GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET OUTLOOK – BY TYPE

3.1. DAIRY         

3.2. MEAT          

3.3. OTHER TYPES     

4. GLOBAL 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. GLOBAL 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. GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK         

6.1. NORTH AMERICA

6.1.1.   MARKET BY TYPE

6.1.2.   MARKET BY SOURCE     

6.1.3.   MARKET BY DISTRIBUTORS     

6.1.4.   COUNTRY ANALYSIS      

6.1.4.1.      UNITED STATES    

6.1.4.2.      CANADA      

6.2. EUROPE    

6.2.1.   MARKET BY TYPE

6.2.2.   MARKET BY SOURCE     

6.2.3.   MARKET BY DISTRIBUTORS     

6.2.4.   COUNTRY ANALYSIS      

6.2.4.1.      UNITED KINGDOM

6.2.4.2.      GERMANY   

6.2.4.3.      FRANCE      

6.2.4.4.      SPAIN           

6.2.4.5.      ITALY

6.2.4.6.      RUSSIA        

6.2.4.7.      REST OF EUROPE

6.3. ASIA-PACIFIC       

6.3.1.   MARKET BY TYPE

6.3.2.   MARKET BY SOURCE     

6.3.3.   MARKET BY DISTRIBUTORS     

6.3.4.   COUNTRY ANALYSIS      

6.3.4.1.      CHINA          

6.3.4.2.      JAPAN          

6.3.4.3.      INDIA

6.3.4.4.      SOUTH KOREA      

6.3.4.5.      ASEAN COUNTRIES         

6.3.4.6.      AUSTRALIA & NEW ZEALAND   

6.3.4.7.      REST OF ASIA-PACIFIC  

6.4. LATIN AMERICA  

6.4.1.   MARKET BY TYPE

6.4.2.   MARKET BY SOURCE     

6.4.3.   MARKET BY DISTRIBUTORS     

6.4.4.   COUNTRY ANALYSIS      

6.4.4.1.      BRAZIL         

6.4.4.2.      MEXICO       

6.4.4.3.      REST OF LATIN AMERICA          

6.5. MIDDLE EAST AND AFRICA     

6.5.1.   MARKET BY TYPE

6.5.2.   MARKET BY SOURCE     

6.5.3.   MARKET BY DISTRIBUTORS     

6.5.4.   COUNTRY ANALYSIS      

6.5.4.1.      UNITED ARAB EMIRATES           

6.5.4.2.      SAUDI ARABIA       

6.5.4.3.      TURKEY       

6.5.4.4.      SOUTH AFRICA     

6.5.4.5.      REST OF MIDDLE EAST & AFRICA      

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: GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET, BY GEOGRAPHY, 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: GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

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

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

TABLE 10: GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

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

TABLE 12: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

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

TABLE 15: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 16: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 17: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

TABLE 18: EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)

TABLE 19: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)

TABLE 23: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 24: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 25: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

TABLE 26: LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)

TABLE 27: MIDDLE EAST AND AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 28: MIDDLE EAST AND AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 29: MIDDLE EAST AND AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, 2021-2028 (IN $ MILLION)

TABLE 30: MIDDLE EAST AND AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 18: GLOBAL 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)

FIGURE 21: UNITED KINGDOM PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 22: GERMANY PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 23: FRANCE PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: SPAIN PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: ITALY PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: RUSSIA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: REST OF EUROPE PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: CHINA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: JAPAN PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: INDIA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: SOUTH KOREA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 32: ASEAN COUNTRIES PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: REST OF ASIA-PACIFIC PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 35: BRAZIL PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 36: MEXICO PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 38: UNITED ARAB EMIRATES PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 39: SAUDI ARABIA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 40: TURKEY PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 41: SOUTH AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

FIGURE 42: REST OF MIDDLE EAST & AFRICA PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028 (IN $ MILLION)

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