Market Industry Reports (MIR) has published a new report titled “Plant-Based Food Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Plant-Based Food market is estimated to be over US$ 12.9 Billion in 2019. It is anticipated to grow at a CAGR of 10.3% from 2019 to 2030.
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Some prominent players in the global Plant-Based Food Market include
Archer Daniels Midland Company
Fonterra Co-operative Group
Kellogg NA Co.
P. (Campbell Soup Company)
and Kerry Group plc. AMCO Proteins
According to The Good Food Institute and the Plant-Based Foods Association (PBFA), plant-based food sale jumped to 11% last year. Several factors have been crucial in governing the rising preference for plant-based food including the growing demand for organic products across developing countries and rising awareness about a health lifestyle. These foods are deemed to be environmentally safe as they account for lesser carbon credits when compared with their meat-based counterpart. Making people shift from the acquired and traditional taste of dairy products in addition to the changing perception and alternative protein sources such as animal-based protein and synthetic protein create restrains for the global plant-based protein market.
BY PRODUCT TYPE
Plant based Dairy Products
Plant based Milk Products
Plant based Meat Products
Plant based Eggs Products
Plant based Condiments
Food and Beverage Processing Industry
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Table of Contents
Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
Data Collection Technique
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
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