Precision Business Insights has published a report on the global plant-based food market, estimating its value at USD 48.1 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 10.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/plant-based-food-market

Market Definition:

Products derived mostly from plants, such as fruits, vegetables, cereals, nuts, seeds, and legumes, are referred to as plant-based foods. These meals are becoming more and more well-liked because of their ethical implications, environmental sustainability, and health advantages.

Drivers:

1)      Increasing awareness of health benefits of plant-based diets.

2)      Rising demand for eco-friendly plant-based alternatives.

The global plant-based food market segmentation:
1) By Type: Dairy Substitute, Meat Substitute, Egg Substitute, Seafood Substitute, and Others.
2) By Source: Soybean, Nuts, Wheat, Pea, and Others.
3) By Distribution Channel: Offline Sales Channel, Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Online Sales Channel, and Company Website.

Regional Overview:
The report also examines the current concerns and their Future Effects on the plant-based food market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the plant-based food market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Amy’s Kitchen, Clara Foods, Danone S.A., Del Monte Fresh Produce N.A., Inc., General Mills Inc., Keystone Natural Holdings, Nestle SA, Premier Foods PL, The Hain Celestial Group, Inc., Tyson Foods, Inc., DSM (Netherlands), DuPont (US), Amway (US), The Nature’s Bounty Co. (US), GlaxoSmithKline plc. (UK)

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