Booming Global Plant Food Market To Earn $34 Billion By 2030, At A Healthy Compound Annual Growth Rate Of 12%

Booming Global Plant Food Market To Earn $34 Billion By 2030, At A Healthy Compound Annual Growth Rate Of 12%

Pune, IndiaAnd the September 14, 2022 /PRNewswire/ – According to a recent market study published by Growth Market Reports titled, world plant food market By species (seafood substitutes, egg substitutes, meat substitutes, dairy substitutes, etc.), sources (peas, wheat, nuts, soybeans, etc.), distribution channels (online retail, specialty stores, convenience stores, modern grocery stores, etc.) , regions: size, participation, trends, and opportunity analysis, 2021-2030The market has been evaluated with 10 billion US dollars in 2021 and is expected to grow at a healthy growth rate of 12% by the end of 2030. The growth of the global plant-based foods market is attributable to the shift in consumer preference towards vegetarianism.

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics in the industry. It provides in-depth analysis of market segments that include products, applications, and competitor analysis.

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This report also includes a complete analysis of the industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides important strategies that help them to expand their market share.

Highlights of the Vegetable Food Market Segments

in terms of species, The global vegan food market is segmented into seafood substitutes, egg substitutes, meat substitutes, dairy substitutes, and others. The dairy alternatives segment is expected to expand at a sustainable compound annual growth rate (CAGR) during the forecast period, due to the nutritional advantages of plant-based dairy alternatives. Dairy alternative is held in priority by many people, due to lactose intolerance and consumer concern about cruelty to animals in traditional dairy farming practices.

Based on the sources, The global market for plant foods is divided into peas, wheat, nuts, soybeans, and others.

The soybean segment is expected to grow at a significant pace during the forecast period, due to wide applications in various food and beverage sectors including baked goods, meat and dairy alternatives. Soybeans are less expensive compared to other sources and are increasingly accepted among consumers.

based on regions, The market is divided into five main areas, namely North AmaricaAnd the EuropeAnd the Asia PacificAnd the Latin americaand the The Middle East & Africa. market in Europe It is expected to expand at a significant CAGR during the forecast period. The increasing demand for healthy and sustainable food leads to market growth during the forecast period. According to Green Queen Media, the vegetarian population of Europe It has doubled in the past few years, to a total of about 2.6 million people.

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The main takeaway from the study:

  • Vegetarian food market in Germany It is expected to grow at a significant pace during the forecast period. In recent years, the growing acceptance of a vegetarian diet by the German population has led to a significant reduction in the consumption of non-vegetarian and animal products.

  • The modern grocery segment is expected to hold a significant market share in the coming years, due to attractive discounts, shelf space and bundling tactics.

  • Awareness campaigns led by athletes and celebrities have encouraged the consumption of plant-based products in order to have a healthy diet.

  • The high cost associated with products and raw materials is expected to hamper market growth during the forecast period.

  • Major players in the plant-based food market are collaborating with restaurants, large chains and industry giants including Beyond meat, Oatly and Impossible Foods, which are expected to boost market growth.

Read a 187-page research report with a detailed ToC on the Global Plant Food Market by species (seafood substitutes, egg substitutes, meat substitutes, dairy substitutes, etc.), sources (peas, wheat, nuts, soybeans, etc.), channels Distribution (online retail, specialty stores, convenience stores, modern grocery stores, etc.), regions (North AmaricaAnd the Latin americaAnd the EuropeAnd the Asia PacificAnd the The Middle East & Africa) – Global industry analysis, growth, share, size, trends and forecast 2021-2030

For any questions about this report: https://growthmarketreports.com/enquiry-before-buying/4633

Main parts covered

Species

  • Seafood alternative

  • egg substitute

  • meat substitute

  • Dairy substitute

  • Aharon

Sources

  • peas

  • wheat

  • nuts

  • soybean

  • Aharon

Distribution channels

  • Online retail

  • Specialty Stores

  • Shops

  • Modern Grocery

  • Aharon

By regions

Other related reports:

  • US vegetable chicken sausage market By nature (organic and conventional), sources (soybeans, tofu, wheat, peas, oats, beans, etc.), distribution channels (online and offline {supermarkets/hypermarkets, convenience stores, specialty stores, independent small grocers, and food service}), region (West, Midwest, Northeast, Southeast, and Southwest)

  • Global vegetable protein market By Type (Soy Protein, Wheat Protein, Pea Protein, Other), By Use (Supplements & Powders, Beverages, Protein & Bar Nutrition, Bakery & Snack Foods, Breakfast Cereals, Meat Products, Dairy Products, Infant Nutrition, Animal Feed) & Region (North AmaricaAnd the Latin americaAnd the EuropeAnd the Asia Pacific And the The Middle East & Africa), forecast to 2028

  • Global Plant Food and Beverage Alternative Market By type (vegan dairy, vegan meat, other (vegan eggs etc.)), by application (supermarkets/supermarkets, convenience stores, specialty stores, online stores, other) and by region (North AmaricaAnd the Latin americaAnd the EuropeAnd the Asia Pacific And the The Middle East & Africa), projections from 2022 to 2030

  • Global Plant Alternative Market By type (vegetable oil, vegan protein, etc.), by application (vegan dairy, vegan frozen dessert, vegan meat, etc.) and by region (North AmaricaAnd the Latin americaAnd the EuropeAnd the Asia Pacific And the The Middle East & Africa), projections from 2022 to 2030

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