The Global Plant Based Food Market was values at USD 4.2 billion in 2019, which is expected to reach USD 36.28 billion by 2030 at a CAGR 12.10%.
Plant based food includes vegetables, fruits, nuts, oils, seeds, legumes, whole grains, and beans. Plant based foods are the type of dietary supplements with health benefits. Rise in awareness regarding vegan diet, and dietary supplement is expected to drive global plant based food market.
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Top Key Players/Manufacturers of Plant Based Food Market:
- Meatless B.V., Daiya Foods Inc., Conagra Brands, Inc., Unilever Group, Blue Diamond Growers Premier Foods PLC, Hormel Foods Corporation, Amy's Kitchen, General Mills Inc, Del Monte Fresh Produce N.A., Inc., Danone S.A, Clara Foods , and Nestle SA.
Global Plant Based Food Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers Global Plant Based Food Market is Primarily split into:
- Increase in new product developments and technological advancements is expected to boost the growth off global plant based food market, during this forecast period. Furthermore, rise in lactose- intolerance among the consumers will have the positive impact on global plant based food market growth. Moreover, strong performance of organized retail sector is expected to propel the growth of global plant based food market growth. In addition to that, rise in consumer preference towards for vegan food is expected to fuel the global plant based food market growth. Also, rise in health consciousness among consumer is expected to grow global plant based food market growth.
Market Segmentation:
· Global Plant Based Food Market is segmented into product type such as Non- Dairy Milk & Dairy Products, Sweet & Savory Snacks, RTE & RTC Meals, Bakery & Confectionery, and Others, by Category such as Conventional, and Organic. Further, Global Plant Based Food Market is segmented into distribution channel such as Store Based, and Non-Store Based.
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