Global Plant Based Food & Beverage Market Analysis, Historic Data and Forecast 2020-2026
Summary – A new market study, “Global Plant Based Food & Beverage Market with
Focus on United States: Industry Analysis & Outlook (2018-2022)”has been featured on
WiseGuyReports.
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One of the food and beverage categories that is witnessing
the largest growth right now is plant-based products. A plant-based product is
simply one that is based more on plant sources like fruits, vegetables, and
whole grains, rather than on animal sources such as meat and dairy. The desire for
clean labels, ease of digestion, the need to avoid allergens, compatibility
with vegetarian and vegan lifestyles and concerns about sustainability among
the general population are some of the factors that are putting the spotlight
on plant based food and beverages.
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Plant based milk alternative is the fastest growing segment
in overall plant based food and beverages market across the globe. Nowadays,
cow milk allergy, lactose intolerance, calorie concern and more preference to
vegan diets has influenced consumers towards choosing cow milk alternatives.
Market players are offering robust portfolio of plant based brands and products
while expanding the growth of their current brands. Concerted research and
development efforts are also undertaken to prepare tailor-made plant based
diets which are palatable as well as nutritionally adequate.
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The global plant based food & beverage market is set to
experience favorable growth driven by factors such as surging vegan production,
positive environmental impact of plant based food, increasing millennial
population, growing concern for health and wellness, rising food safety
concerns among others. The major trends observed include growing preference for
milk alternatives, rise of veganism and technological advancements. However,
the growth of this market is constrained by challenges such as product recalls
and threatened market withdrawals, adverse weather conditions and concern over
nutritional content of plant based products.
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The report “Global Plant Based Food & Beverages Market:
Industry Analysis & Outlook (2018-2022)” analyses the development of this
market, with focus on the US. The major trends, growth drivers as well as
issues being faced by the market are discussed in detail in this report. The
four major players: The Hain Celestial Group, Inc., SunOpta Inc., Danone SA and
The Campbell Soup Company are being profiled along with their key financials
and strategies for growth.
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