Plant-based food ingredients lower the cholesterol level, provide essential vitamins, minerals, and amino acids required by the body, and enhance consumers' life span. Plant-based food ingredients provide high nutritional content to the body and prevent various chronic diseases like diabetes and obesity. Soy protein is a commonly used plant-based food ingredient and is used as a genetically modified crop. These Plant-based food ingredients hold applications in plant-based milk & derivatives, bakery & confectionery, sweet & savory snacks, meat substitutes, RTE & RTC meals, and others.
MARKET DYNAMICS
Increasing consumer consciousness towards meat substitute products is expected to stimulate Plant-based food ingredients market growth. These products are gaining traction due to the superior properties, including ease of digestibility, sustainable nature, and non-allergic nature, thereby driving industry growth. Moreover, companies are now involved in developing innovations of food items to support a healthy lifestyle. However, lower product penetration in under-developed countries is hindering the global Plant-based food ingredients market.
MARKET SCOPE
The "Global Plant-Based Food Ingredients Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the plant-based food ingredients market with detailed market segmentation by source, category, and application. The global plant-based food ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant-based food ingredients market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant-based food ingredients market is segmented into source, category, and application. By source, the plant-based food ingredients market is classified into Soy , Rice, Pea, Wheat, Potato, Others. By category, the plant-based food ingredients market is classified into Organic, Conventional. By application, the plant-based food ingredients market is classified into Plant-Based Milk & Derivatives(Plant-Based Milk, Plant-Based Cheese, Plant-Based Ice Cream, Plant-Based Yogurt, Plant-Based Butter, Others), Bakery & Confectionery, Sweet & Savory Snacks, Meat Substitutes, RTE & RTC Meals, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global plant-based food ingredients market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The plant-based food ingredients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the plant-based food ingredients market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the plant-based food ingredients market in these regions.
MARKET PLAYERS
The report covers vital developments in the plant-based food ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the plant-based food ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for plant-based food ingredients in the global market. Below mentioned is the list of few companies engaged in the plant-based food ingredients market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based food ingredients market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Puris Foods
- Ingredion Inc.
- Cargill
- Dolher Group
- Avebe
- Atlantic Food Naturals, LLC
- Renmatix Inc.
- DuPont
- Unilever
- SunOpta
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.