Get Detailed research report on plant based meat market by MarketsandMarkets. Strict vegans and vegetarians, though, constitute a small . The plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. Forty-two percent of consumers currently use alternative milks; 9% buy ice cream alternatives; 8%, yogurt alternatives . More + Plant-Based. The fish industry is expected to witness major transformation in the near future, with increasing pollution, contamination, and depletion of ocean fisheries. Research reveals that self-described plant-based consumers are strongly motivated by health, wellness and feeling better. According to Maximize Market Research, the Global Plant Based Ingredients Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. Save time and money and get the best healthy groceries delivered. The plant protein ingredients market is expected to garner a revenue of USD 14760.3 Million by 2027, with a CAGR of 7.05% during the forecast . Plant-based foods are growing fast across the globe and especially in Western markets where milk alternatives and meat substitutes are expected to deliver 6.4% and 6.5% CAGRs, respectively, between 2020 and 2025, according to according to Euromonitor's Health and Nutrition Survey. Ingredion (NYSE:INGR) provides plant-based ingredients to companies manufacturing vegan products; it earned a spot on Ethisphere's list of the world's . Plant-based cheese has a range of health benefits such as lower blood glucose levels, increased insulin tolerance, and a lower risk of type 2 diabetes, to name a few. Companies such as AllPlants are tapping into the plant-based delivery market and others are in the process of being launched over the coming months. Growing consumer consciousness towards meat substitutes products is likely to stimulate plant-based ingredients market growth. The study divides the market size by application type and geography, both in terms of volume and value. These products are usually manufactured using fruits, vegetables, nuts . Consumers associate both all-natural and plant-based with being healthy. Research expert covering food & agriculture in the UK & Europe. The clean food ingredient market is estimated to reach $66 billion by 2025. The Company provides plant based protein through food ingredients product segment. Global Plant Based Food Market Size is estimated to be valued over 12.9 billion in 2019 and will register a CAGR of above 10.3% to create high revenue opportunity during the forecast period 2019-2028.The industry is expected to create 2.4X higher sales revenue in 2028 than in 2019. The first place to look to understand markets and consumers, enabling you to make better decisions faster. The plant-based milk & derivatives application segment in the ingredients market for plant based food and beverages was around USD 780 million in 2020 and is projected to show growth of 19.5% of CAGR from 2021 to 2027. Americans are becoming more plant-based, environmentally conscious consumers. Macronutrient Matching in Plant-Based Foods. What differentiates them from animal-based foods is that their fiber fraction is made of indigestible compounds, mainly, pectins, hemicellulose, cellulose, and/or resistant starch. July 30th, 2021. The Global Plant-based Meat Market size is expected to reach $12.32 billion by 2027, rising at a market growth of 18.3% CAGR during the forecast period. Global plant-based ingredients market demand is expected to hit USD 13 trillion by 2025, according to a new research report by Global Market Insights, Inc. Increasing demand for nutritional . The report involves of an exhaustive analysis of global and regional level markets and their trends, plans, challenges, opportunities, and regional growth. Consumer Trends The growth in the plant-based sector has largely been driven by the mainstream Feb 23, 2022 (CDN Newswire via Comtex) -- The earliest projects by MarketsandResearch.biz titled Global Plant Based Ingredients Market Research Report 2021-2027 delivers a thorough analysis of the . DUBLIN, March 23, 2022 /PRNewswire/ -- The "Plant-based Food Ingredients Market by Type, Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to . Milk, followed by ice cream, yogurt, creamers, and cheese will be the largest categories. Forty-two percent of consumers currently use alternative milks; 9% buy ice cream alternatives; 8%, yogurt alternatives . As consumers turn to plant-based ingredients for both nutrition and sustainability reasons . Global Plant Based Ingredients Market size is expected to reach nearly US$ 86.93 Bn by 2026 with the CAGR of 10.32% during the forecast period. The fish-free omega-3 ingredients market is also restoring marine life, as manufacturers are opting for alternative sources such as plant-based products, algae, and others. Consequently, the interest in plant-based protein ingredients in the market sees an ascent. Plant-based nutrition is a major trend and shows no signs of slowing down. Text me the link. June 07th, 2021. On September 23, 2020, at 4pm CEST/ 10am EDT, Tom Vierhile, vice president for strategic insights at Innova Market Insights, will present a webinar titled: "The Plant-Based Revolution.". Plant-based food ingredients are strictly extracted from plant sources including fruits, vegetables, plant roots and other parts of the plant. Clean beauty ingredients will likely reach $33 billion in the same time, providing an attractive opportunity for . Global Plant Based Ingredients Market: Overview. Plant-based . Global Plant Based Ingredients Market 2021 Segmentation and Analysis by Recent Trends, Development and Growth by Trending Regions by 2027 - Plant-based can find its place in Latin America (LATAM), provided there's more clarity of ingredients as well as benefits to the health of people, animals and planet. With around 450 crop procurement locations, 271 ingredient manufacturing facilities, and 44 innovation centers, the Company serves customers in more than 170 countries across the globe. The Global Plant Based Ingredients Market research report market brings a rounded summary of the market in the forecast period 2022-2029. The vegan food market, for example, was valued at US$14.2 billion in 2018, and anticipated to climb more than twofold, to $31.4 billion, by 2026, per Research and Markets. , Feb 9, 2022. Of course, now that plant-based products are having their shining moment in the human food space among a wider audience than ever, the trend is growing significantly in . The Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. Key plant-based protein sources include products such as: soy, pea, pulses, seitan, and tempeh. Nevertheless, while keto represents an excellent opportunity for plant-based nutrition companies, it remains outside of the mainstream. Plant Based Ingredients Market may exceed USD 13.5 trillion by 2025; according to a new research report. The ingredients are derived from barley grains. We use a range of methods to produce our best-in-class and high-quality ingredients. The plant-based food market is valued at $5 billion, according to data from the Plant Based Foods Association and Good Food Institute. Key Developments in the Plant-based Ingredients Market. 3. In the year 2017, The Silicon Valley innovator collaborated with various food companies and food investors to bring its plant-based ingredients to market and has raised US$24.7 million in funding and received its first patent for the use of animal-free dairy proteins in food applications. Global Plant Based Food Market Size is estimated to be valued over 12.9 billion in 2019 and will register a CAGR of above 10.3% to create high revenue opportunity during the forecast period 2019-2028.The industry is expected to create 2.4X higher sales revenue in 2028 than in 2019. Plant-Based Seafood Goes Mainstream. Global Plant-Based Food Ingredients Market is projected to register a CAGR of 9.88% and reach USD 21,351.9 Million by 2026. Given the current growth and ambiguous nature of plant-based claims, plant-based foods are poised to follow a path paved by all-natural claims. Demand for plant-based meat alternatives is on the rise. In the session, Vierhile will highlight the key drivers and barriers surrounding plant-based products, including essential benefits and claims on the market. Mung bean is the main ingredient, though onion is also included for flavoring and carrots and turmeric are added to give Just's Egg its egg-like yellow glow.". Overlooked Ingredients Get the Spotlight. Founded in 2020 by Sairaj Dhond, Goa-based Wakao Foods makes plant-based meat products from Jackfruit. At the same time, another burgeoning trend is within the consumer landscape. COVID-19 Analysis: COVID-19 has shaped the world economically, politically, and geographically since the first case of the COVID-19 virus was registered from Wuhan, China. In a new report the Good Food Institute investigates what ingredient requirements will help the plant-based meat industry achieve 6% penetration of the global meat market by the end of the decade. Mintel Reports Store. There are various types of plant-based alternative products on the market undergoing significant levels of new product development. More than 500,000 participants signed up for Veganuary's 2021 challenge2, a 25% increase from 2020. Plant Based Ingredients Report mainly includes sales, revenue, trade, competition, investment, forecast and marketing of the product and the segments here include companies (Cargill, ProVeg. June 07th, 2021. Ingredion Market cap: US$6.34 billion. Our innovative plant-based solutions are a direct response to market trends and deliver great tasting, highly functional and nutritious products. It also includes a full overview of the leading firm along with data analysis. Wakao Foods. Plant-based dairy sales are expected to reach $5.2 billion by 2024, according to Packaged Facts' 2020 Dairy & Egg Alternatives report. With the post-COVID increase in demand for vegan and plant-based foods and an increasing consciousness around animal welfare and the planet, the market for vegan and plant based desserts . " There is now a mainstream opportunity for plant-based claims. Food ingredients . Animal agriculture is responsible for 18% of all greenhouse gas emissions . The plant-based protein supplement market is expected to reach $14.5 billion by 2025 from $10.3 billion in 2020, growing at a CAGR of 7.1%. The food space is experiencing a major shift in recent years with processed and mass produced foods enriched with . In 2020, sales of plant-based food in the United States with soy as the source were valued at around 587 million U.S. dollars. The plant-based . Yet, these claims can be problematic as they are notoriously difficult to define. Plant-based ingredients: a sustainable market opportunity [Interview] There is growing consumer awareness about the social, environmental and health benefits of having a diverse and sustainable food supply chain. With an increasing demand for plant-based food, Meelunie GPI is looking into a billion-dollar market when the technology and the product have matured further, says Lars Laursen: "Plant proteins will become the main ingredient in future foods - both for the sake of the climate, but also because the consumers demand plant-based diets. Global Plant Based Ingredients Market: Drivers and Restrains The rising consciousness about the health benefits and ecological sustainability of food products is propelling its market growth. The Plant Protein Ingredients Market is an actively growing market. Plant Based Ingredients Report mainly includes sales, revenue, trade, competition, investment, forecast and marketing of the product and the segments here include companies (Cargill, ProVeg. More + Download the app for easy shopping on the go. The Global Plant Based Ingredients Market research report market brings a rounded summary of the market in the forecast period 2022-2029. The plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. The global plant based cheese market is set to witness growth at a CAGR of 8.4% and top a valuation of USD 3416.6 Mn by 2032. The company is joined by Lightlife Foods (US), which, in 2019, expanded its plant-based meat product offerings . Innova Market Insights identified "Plant-Based Revolution" as one its Top Ten Trends for 2020 and that follows last year's designation of "The Plant Kingdom" as a top 2019 trend. This kind of meat offers a similar kind of nutrient composition to the . Both retail and foodservice are targeting the mainstream consumer. Headquarters: Mumbai, Maharashtra. The plant-based meat market is projected to grow to $85 billion by 2030, driven by more t han half (52%) of consumers who claim to be eating more plant-based foods, according to a study commissioned by DuPont Nutrition & Health. Plant-Based. Whole-foods and plant-based diets have generated groundswell of interest among people worldwide in past few decades. Growing consumer preferences for vegan diet along with rising inclination towards organic . Vast purported benefits of plant-based ingredients and conscious shift from meat to vegan diet have been the key pivots galvanizing consumer interest in the plant-based ingredients . Y-Pulse research also found that 47% of 13 to 39-year-olds say they drink plant-based beverages and/or . . Growing consumer awareness and rising number of health issues owing to changing . The main ingredient of this plant-based egg is mung bean; a bean native to Asia that is also staple and very nutritious. The plant-based meat market is projected to reach a value of USD 8.3 billion by 2025. The Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. The organic plant-based protein market has the potential to change the business landscape in the overall plant protein ingredients market. This could mean weight management, improving digestive wellbeing, reducing potential diseases or seeking ways to boost their energy. Brands are catching on, according to Innova data, with food and beverage launches that have plant-based claims seeing 47% annual growth globally (CAGR, 2016-November 2020). Plant Based Ingredients Market size was over USD 8 trillion in 2018 and industry expects consumption at over 4.5 billion tons by 2025. Novel Plant Based Foods - Plant-based fermented foods, cheeses, fish, chicken, and milks are some of those plant-based ingredients that will gain increasing traction and market share: As many as 6% of U.S. consumers say they are vegan — a 6x (500%) increase compared to just 1% in 2014. 6. August 17th, 2021. The plant-based meat market size is expected to reach $13.8 billion by 2027. Combining plant-based and keto-friendly credentials can boost products such as meal replacement shakes. Feb 25, 2022. Of course, the biggest story in this space has been the successful initial public . Plant-based dairy sales are expected to reach $5.2 billion by 2024, according to Packaged Facts' 2020 Dairy & Egg Alternatives report. All can be helped by the increase in consumption of fruits and vegetables that come with a . Clean beauty ingredients will likely reach $33 billion in the same time, providing an attractive opportunity for . (US) veggie burger consists of pea as one of the key ingredients. The global Plant Based Ingredients market was valued at USD 14060 million in 2020 and it is expected to reach USD 24220 million by the end of 2027, growing at a CAGR of 7.8% during 2022-2027. The plant-based meat market is projected to grow from US$4.6 billion in 2019 to $85 billion by 2030, driven by more t han half (52%) of consumers who claim to be eating more plant-based foods, according to a study commissioned by DuPont Nutrition & Health. Plant-based eating and drinking is moving from trend to food revolution status. According to Euromonitor, the meat-substitute market is expected to reach $2.5 billion by 2023. "Mung bean provides Just with a characteristically eggy . The global plant-based food market reached a value of US$ 35.6 Billion in 2020. The report involves of an exhaustive analysis of global and regional level markets and their trends, plans, challenges, opportunities, and regional growth. According to the Research Institute of Organic Agriculture (FiBL), "a total of 71.5 million hectares were organically managed at the end of 2018, representing a growth of 2.9 percent or 2 million hectares . The company offering includes Nuggets, Keema, Sausage made with plant-based ingredients. Plant-based food refers to various food products derived from natural plant-sourced ingredients. Free shipping on most orders! Buy plant-based products online at Thrive Market. . . Changing dietary habits are driving demand for alternative plant products. The Plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. Based on application, the global plant-based proteins market is classified into the bakery, confectionery, convenience foods, animal feed, nutrition and health supplements, pharmaceuticals, and others.The nutrition and health supplement segment is expected to witness the highest growth among applications. This blog intends to explain the rapid growth of the market and the plant-based protein trends, opportunities, and challenges along with the trending plant protein ingredients. The clean food ingredient market is estimated to reach $66 billion by 2025. In 2020, Veganary had more than 400,000 participants. The number of Americans following plant-based diets has surged 300% in the last 15 years, per Vegan News. By 2026, this figure is expected to reach approximately . 1. [i] As such, it makes sense not to market beverages with an overtly keto position. Plant-based meat is a type of meat made from non-animal products like dairy items and acts as an alternative to meat. The report examines the current state of the Global Plant Based Ingredients Market as well as its prospects for the years 2022-2028. Europe ingredients market for plant-based food & beverages is anticipated to witness over 20.5% CAGR up to 2027. Additionally, for those who are sensitive […] The Plant-based Protein Market is expected to reach $23.4 billion by 2028, at a CAGR of 9.7% during the forecast period of 2021 to 2028.Some of the major factors driving the growth of this market include growing demand for a protein-rich diet, growing health and wellness trend, increasing consumer focus on meat alternatives, growing demand from the F&B industry, and advancement in ingredient . Get in touch with us now. Rising incidences of lactose intolerance among population is driving the demand for alternate dairy products such as plant . The Plant-based Protein Market is expected to reach $23.4 billion by 2028, . The food space is experiencing a major shift in recent years with processed and mass produced foods enriched with . The plant-based food ingredients market size was valued at $2,895.6 million in 2020, and is estimated to reach $12,341.4 million by 2030, registering a CAGR of 15.3% from 2021 to 2030. The nutrition and health supplements segment to have the highest CAGR. Global meat substitutes market size surpassed over USD 4 billion in 2017, which . By providing your mobile number, you agree to receive marketing text messages from Thrive . Minna Hakaoja, Senior Food Industry Consultant, ProVeg International, believes there is a clear opportunity for food makers to tap . Looking forward, IMARC Group expects the market to grow at a CAGR of 10.4% during 2021-2026. . DOWNERS GROVE, ILLINOIS, US — EverGrain Ingredients LLC, St. Louis, has selected Univar Solutions, Inc., Downers Grove, to distribute its EverGrain range of plant-based ingredients for food, beverage and nutraceutical products in the United States, Canada and various countries in Europe, the Middle East and Africa. Of course, the biggest story in this space has been the successful initial public offering (IPO) of Beyond Meat in . In 2020, sales of plant-based milk in Canada were valued at almost 84 million U.S. dollars . Milk, followed by ice cream, yogurt, creamers, and cheese will be the largest categories. Ingredient sales in the plant-based sector are expected to reach $9.4 billion by 2024, according to data supplied by Ingredion from Persistence Market Research. Plant Based Ingredients Market Size By Product (Soy {By Application [Food & Beverages, Dietary Supplements, Infant Foods, Bakery & Confectionery, Meat Substitutes, Animal Feed]}, Rice - Market research report and industry analysis - 12259861 Recent Developments in Latin America Plant-based Protein Industry: Walgreens, a pharmaceutical organization situated in the United States, has a significant store with a different sports food area for the nutraceutical hall. Plant-based innovation in foods, beverages and ingredients continues to flourish as a result of consumer interest in health . 1. The Plant-based Protein Market is expected to reach $23.4 billion by 2028, at a CAGR of 9.7% during the forecast period of 2021 to 2028.Some of the major factors driving the growth of this market include growing demand for a protein-rich diet, growing health and wellness trend, increasing consumer focus on meat alternatives, growing demand from the F&B industry, and advancement in ingredient . 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