Description
Global Plant-Based Food Ingredients Market Research Report—Forecast till 2026
Market Overview
According to statistics, the Global Plant-Based Food Ingredients Market is forecasted to exhibit a CAGR of 9.88% to reach USD 21,351.9 Million during the review period. The food ingredients obtained from plants are known as plant-based food ingredients. The ingredients are derived from fruits, vegetables, legumes, grains, nuts, and seeds such as pieces of bread, pasta, breakfast cereals, cooked and fermented vegetables and legumes, and fruit purées, juices, and jams. The rising popularity of vegetarian and vegan food is expected to fuel the growth of the global plant-based food ingredients in the future. However, the Covid-19 outbreak has impacted positively on the global plant-based ingredients market.
The global plant-based ingredients market is expected to witness healthy growth during the forecast period owing to the rising adoption of a healthy lifestyle among consumers. Today’s consumers are very health conscious and have realized the benefits of a healthy and plant-based diet. Moreover, the rising concerns of protecting animals, preserving the environment, general health issues, and changing taste preferences are fuelling the market growth during the review period. However, lack of sensory properties and allergic reactions associated with some plant protein sources are expected to hinder the market growth during the study period. Additionally, the rising trend of veganism due to increasing concerns regarding animal welfare, human health, and the environment are expected to propel the market over the forecast period.
Market Segmentation
The global plant-based food ingredients market has been classified into Source, Category, and Application.
Based on source, the global plant-based food ingredients market has been segmented into soy, pea, rice, almond, cashew, oats, coconut, and others. In terms of the Category segment, the global market has been divided into Organic and Conventional.
Based on Application Type, Global Plant-Based Food Ingredients Market has been classified into Plant-Based Milk & Derivatives, Bakery & Confectionery. In terms of Plant-Based Milk & Derivatives, the market is further categorized into Plant-Based Milk, Plant-Based Cheese, Plant-Based Ice Cream, Plant-Based Yogurt, Plant-Based Butter, and Others. The Bakery & Confectionery segment is further divided into Sweet & Savory Snacks, Meat Substitutes, RTE & RTC Meals, and Others.
Regional Analysis
Geographically, the Global Plant-Based Food Ingredients Market has been spread across North America, Europe, Asia Pacific, and the Rest of the world.
Europe accounted for a 35.37% share of the market in 2019 and it is projected to exhibit a CAGR of 9.97% during the review period. The regional market is driven by the growing demand for plant-based food ingredients. Additionally, the rising consumer preference towards organic and genetically modified (GM) free supply chains combined with a rising prevalence of vegetarian and vegan communities are expected to surge the market during the review period.
Key Players
Prominent Players in the Global Plant-Based Food Ingredients Market include Ingredion Inc. (US), Archer-Daniels-Midland Company (US), DuPont de Nemours, Inc. (US), Cargill Inc. (US), Puris Proteins, LLC (US), BI Nutraceuticals, Inc. (US), Olam International (Singapore), SunOpta Inc. (Canada), Döhler GmbH (Germany), and The Scoular Company (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 17
1.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY SOURCE 17
1.1.2 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY CATEGORY 18
1.1.3 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY APPLICATION 19
1.1.4 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY REGION 20
2 MARKET INTRODUCTION
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
2.5 KEY BUYING CRITERIA 22
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 23
3.2 PRIMARY RESEARCH 24
3.3 SECONDARY RESEARCH 25
3.4 MARKET SIZE ESTIMATION 26
3.5 FORECAST MODEL 27
3.6 LIST OF ASSUMPTIONS 28
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 31
5.2 DRIVERS 32
5.2.1 RISING PREVALENCE OF LACTOSE INTOLERANCE 32
5.2.2 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 32
5.2.3 DRIVERS IMPACT ANALYSIS 33
5.3 RESTRAINT 33
5.3.1 POOR SENSORY PROPERTIES AND ALLERGEN REACTION ASSOCIATED WITH CERTAIN PLANT
PROTEIN SOURCES 33
5.3.2 RESTRAINT IMPACT ANALYSIS 34
5.4 OPPORTUNITY 34
5.4.1 RISING ADOPTION OF PLANT-PROTEIN INGREDIENTS IN NOVEL APPLICATIONS BY FOOD AND BEVERAGE MANUFACTURERS 34
5.5 CHALLENGE 35
5.5.1 CONSUMER PREFERENCE 35
6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 36
6.1.1 RAW MATERIAL PROCUREMENT 37
6.1.2 PROCESSING 38
6.1.3 PACKAGING 38
6.2 SUPPLY CHAIN ANALYSIS 38
6.3 PORTER’S FIVE FORCES MODEL 39
6.3.1 THREAT OF NEW ENTRANTS 40
6.3.2 BARGAINING POWER OF SUPPLIERS 40
6.3.3 THREAT OF SUBSTITUTES 40
6.3.4 BARGAINING POWER OF BUYERS 40
6.3.5 INTENSITY OF RIVALRY 41
7 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET
8 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY SOURCE
8.1 OVERVIEW 45
8.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY SOURCE, 2018–2026 46
8.2 SOY 47
8.2.1 SOY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 47
8.3 PEA 48
8.3.1 PEA: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 48
8.4 RICE 49
8.4.1 RICE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 49
8.5 ALMOND 50
8.5.1 ALMOND: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 50
8.6 CASHEW 51
8.6.1 CASHEW: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 51
8.7 OATS 52
8.7.1 OATS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 52
8.8 COCONUT 53
8.8.1 COCONUT: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 53
8.9 OTHERS 54
8.9.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 54
9 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY CATEGORY
9.1 OVERVIEW 55
9.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018–2026 56
9.2 ORGANIC 56
9.2.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 56
9.3 CONVENTIONAL 57
9.3.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 57
10 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY APPLICATION
10.1 OVERVIEW 58
10.1.1 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018–2026 59
10.2 PLANT-BASED MILK & DERIVATIVES 60
10.2.1 PLANT-BASED MILK & DERIVATIVES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 60
10.3 BAKERY & CONFECTIONERY 61
10.3.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 61
10.4 SWEET & SAVORY SNACKS 62
10.4.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 62
10.5 MEAT SUBSTITUTES 63
10.5.1 MEAT SUBSTITUTES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 63
10.6 RTE & RTC MEALS 64
10.6.1 RTE & RTC MEALS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 64
10.7 OTHERS 65
10.7.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 65
11 GLOBAL PLANT-BASED FOOD INGREDIENTS MARKET, BY REGION
11.1 OVERVIEW 66
11.2 NORTH AMERICA 68
11.2.1 US 71
11.2.2 CANADA 73
11.2.3 MEXICO 75
11.3 EUROPE 77
11.3.1 GERMANY 80
11.3.2 UK 82
11.3.3 FRANCE 84
11.3.4 SPAIN 86
11.3.5 ITALY 88
11.3.6 REST OF EUROPE 90
11.4 ASIA-PACIFIC 92
11.4.1 CHINA 95
11.4.2 JAPAN 97
11.4.3 INDIA 99
11.4.4 AUSTRALIA & NEW ZEALAND 101
11.4.5 REST OF ASIA-PACIFIC 103
11.5 REST OF THE WORLD 105
11.5.1 SOUTH AMERICA 108
11.5.2 MIDDLE EAST 110
11.5.3 AFRICA 112
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION 114
12.1.1 MARKET STRATEGY ANALYSIS 114
12.2 COMPETITIVE BENCHMARKING 115
12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 116
12.3.1 PRODUCT LAUNCHES 116
12.3.2 EXPANSIONS 117
12.3.3 ACQUISITIONS 117
12.3.4 JOINT VENTURES 118
12.3.5 PARTNERSHIPS 118
13 COMPANY PROFILES
13.1 INGREDION INC. 119
13.1.1 COMPANY OVERVIEW 119
13.1.2 FINANCIAL OVERVIEW 120
13.1.3 PRODUCTS OFFERED 121
13.1.4 KEY DEVELOPMENTS 122
13.1.5 SWOT ANALYSIS 123
13.1.6 KEY STRATEGIES 123
13.2 ARCHER-DANIELS-MIDLAND COMPANY 124
13.2.1 COMPANY OVERVIEW 124
13.2.2 FINANCIAL OVERVIEW 125
13.2.3 PRODUCTS OFFERED 126
13.2.4 KEY DEVELOPMENTS 127
13.2.5 SWOT ANALYSIS 128
13.2.6 KEY STRATEGIES 128
13.3 DUPONT DE NEMOURS, INC. 129
13.3.1 COMPANY OVERVIEW 129
13.3.2 FINANCIAL OVERVIEW 129
13.3.3 PRODUCTS OFFERED 130
13.3.4 KEY DEVELOPMENTS 130
13.3.5 SWOT ANALYSIS 131
13.3.6 KEY STRATEGIES 131
13.4 CARGILL INC. 132
13.4.1 COMPANY OVERVIEW 132
13.4.2 FINANCIAL OVERVIEW 132
13.4.3 PRODUCTS OFFERED 133
13.4.4 KEY DEVELOPMENTS 133
13.4.5 SWOT ANALYSIS 134
13.4.6 KEY STRATEGIES 134
13.5 PURIS PROTEINS, LLC 135
13.5.1 COMPANY OVERVIEW 135
13.5.2 FINANCIAL OVERVIEW 135
13.5.3 PRODUCTS OFFERED 135
13.5.4 KEY DEVELOPMENTS 136
13.5.5 SWOT ANALYSIS 136
13.5.6 KEY STRATEGIES 137
13.6 BI NUTRACEUTICALS, INC. 138
13.6.1 COMPANY OVERVIEW 138
13.6.2 FINANCIAL OVERVIEW 138
13.6.3 PRODUCTS OFFERED 138
13.6.4 KEY DEVELOPMENTS 139
13.6.5 KEY STRATEGIES 139
13.7 OLAM INTERNATIONAL 140
13.7.1 COMPANY OVERVIEW 140
13.7.2 FINANCIAL OVERVIEW 140
13.7.3 PRODUCTS OFFERED 141
13.7.4 KEY DEVELOPMENTS 141
13.7.5 KEY STRATEGIES 141
13.8 SUNOPTA INC. 142
13.8.1 COMPANY OVERVIEW 142
13.8.2 FINANCIAL OVERVIEW 142
13.8.3 PRODUCTS OFFERED 143
13.8.4 KEY DEVELOPMENTS 144
13.8.5 KEY STRATEGIES 144
13.9 DÖHLER GMBH 145
13.9.1 COMPANY OVERVIEW 145
13.9.2 FINANCIAL OVERVIEW 145
13.9.3 PRODUCTS OFFERED 145
13.9.4 KEY DEVELOPMENTS 146
13.9.5 KEY STRATEGIES 146
13.10 THE SCOULAR COMPANY 147
13.10.1 COMPANY OVERVIEW 147
13.10.2 FINANCIAL OVERVIEW 147
13.10.3 PRODUCTS OFFERED 147
13.10.4 KEY DEVELOPMENTS 148
13.10.5 KEY STRATEGIES 148
14 REFERENCES
