The expected growth of plant-based food globally can be attributed to the impact of non-vegetarian and dairy food on the environment and human health. One of the major contributors to global warming is the livestock industry, and, relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. Promoting increased consumption of plant-based foods is a recommended strategy to reduce human impact on the environment and is also now recognized as a potential strategy to reduce the high rates of some chronic diseases such as cardiovascular disease and certain cancers. Roughly 387 million people are living with diabetes, and according to the International Diabetes Federation, that number is expected to soar to nearly 600 Million by 2035. Studies claim a whole-food, plant-based diet can prevent and even reverse a litany of food and lifestyle-borne illnesses, including heart disease and type 2 diabetes. Bakery item and snacks also contribute to these health issues. Thus, it is important for this section to be moved to plant-based food.

Also Read: http://www.marketwatch.com/story/insights-on-plant-based-foods-2019...

Based on by product segment, plant-based food market has been segmented into Plant-Based Milk, Plant-Based Meat, Plant-Based Creamer, Plant-Based Cheese, Plant-Based Yogurt, Plant-Based Butter and Others. Global Plant-based Milk market stood at US$ 9,320.3 million in 2019. Europe dominated the Plant-based Milk market with 33.5% share in 2019. Cow’s milk boasts an impressive nutrient profile. But people always do not prefer dairy products. Americans say they are consuming less dairy for health reasons. The intake of plant-based drinks is increasing in the UK. In fact, the sector is predicted to rise by 43% by 2021. The growing concerns regarding the environmental impact and sustainability of the meat industry are the major growth driver of the global plant-based meat market. The growing concerns regarding the sustainability of livestock production, meat availability, and change in food preferences have led to many people opting for meat substitutes. This has immensely benefitted the plant-based meat market globally.

Also Read: http://www.marketwatch.com/story/industrial-casters-market-research...
With the growth of social media as a platform to share information, a plant-based diet is becoming more visible and could be more accepted in sports and in the health and fitness industry. When it comes to plant-based nutrition, people have moved towards alternative protein sources, with the traditional dominance of whey and other dairy proteins now being challenged by plant-based products. This trend is apparent across the food and drinks market, and sports nutrition is no exception. Global Plant-Based Supplements & Nutritional Powders market stood at US$ 3,292.5 million in 2019. North America accounts for 31.1% market share for the segment in 2019. North America is expected to generate revenue of US% 2,648.0 million by 2026.

Also Read: http://www.marketwatch.com/story/hypertonic-drinks-market-research-...
Regionally, Europe dominated the market with 33.5% share. Europe is expected to generate revenue of US$ 17,769.5 million by 2026. However, Asia-Pacific is expected to witness the highest CAGR of 16.22% during the forecast period 2021-26. UK dominated the European Plant-Based food market, generating revenue of US$ 2,681.3 million in 2019. UK is expected to witness a CAGR growth of 12.3% during the forecast period 2021-26 to reach a market size of US$ 5,614.1 million by 2026. However, the rest of Europe would witness the highest CAGR growth of 13.86% during the analyzed period. According to recent statistics by manufacturer Nelson, demand for plant-based product development has spiked by close to 140%. It has been estimated that global plant-based food market will reach US$ 37.0 billion by 2020. 7% of the U.K. population identifies as vegan, while a 2016 study found that 4.3 % of the German population between 18 and 79 identified as vegetarian. In comparison, only 3.3% of people in the U.S. considered themselves vegan or vegetarian.
Plant-Based Foods Market was valued US$ 23,010.7 million in 2019 and is estimated to reach US$ 37,507.5 million in 2020 amid COVID-19 pandemic as consumers are preferring plant-based foods products over conventional foods products and also because of the panic buying. The Plant-Based Foods Market is expected to reach US$ 56,353.9 million by 2026, growing at a CAGR of 14.87% over the forecast period.

Table Of Contain: 1. MARKET INTRODUCTION 16
1.1 Market Definition 16
1.2 The objective of the Study 16
1.3 Limitation 16
1.4 Stakeholders 16
1.5 Currency used in the Report 17
1.6 Scope of the Plant-Based Foods Market Study 17
2. RESEARCH METHODOLOGY 18
2.1 Research Methodology for Plant-Based Foods Market Study 18
2.1.1 The main objective of the Plant-Based Foods Market Study 19
3. REGULATORY FRAMEWORK 20
3.1 General Overview 20
3.1.1 North America Regulatory Framework for Plant-Based Food 20
3.1.2 Europe Regulatory Framework for Plant-Based Food 21
3.1.3 APAC Regulatory Framework for Plant-Based Food 21
3.1.4 Rest of the World Regulatory Framework for Plant-Based Food 22
4. INDUSTRY PERFORMANCE 25
5. EXECUTIVE SUMMARY 26
6. MARKET OVERVIEW 28
6.1 Introduction 28
6.2 Market Dynamics 28
6.2.1 Market Drivers 29
6.2.1.1 Increasing Purchasing Power of Consumers 29
6.2.1.2 Significant Media Coverage and Smartphones Penetration 31
6.2.1.3 Rising Consumer Awareness and Health-conscious Consumer 32
6.2.1.4 Environmental Impact of Dairy and Meat Products 33
6.2.1.5 Widening the range of ingredients and flavours 33
6.2.1.6 Increased Support for branded Plant-Based food from Supermarkets 33
6.2.2 Major Trend in the Plant-Based Food Market 34
6.2.2.1 Use of Avocado 34
6.2.2.1 Vegan Cheese 35
6.2.2.2 Faux Meat 35
6.2.2.3 Fermented Foods 35
6.2.3 Case Study 1- Positives of Plant-Based Diet 36
6.2.3.1 Some other Trends witnessed in the Food & Beverage Industry 36
6.2.3.1.1 Established industry players revising their strategy 36
6.2.3.1.2 Direct to Consumer Business Model (D2C) 37
6.2.4 Market Restraints 37
6.2.4.1 Impact of changing weather conditions plantation 37
6.2.4.2 Consumers shift from the Traditional Taste of Dairy and Meat Product 38
6.2.4.3 Significant Preference for Animal Based Protein 39
6.2.5 Opportunity 40
6.2.5.1 Increasing Demand for Natural and Organic Products 40
6.2.5.1.1 Organic Agriculture: Key Indicators and Top Countries, 2015 41
6.2.5.2 Increasing Ethical Consumerism 42
6.2.5.3 Increasing Innovation in Food Industry 43
7. PLANT-BASED FOOD AND ENVIRONMENT 44
7.1 General Overview 44
7.2 Livestock and Environmental Impact 44
7.3 Benefits of Plant-Based Products over Livestock Products 45
7.3.1 Comparison of impact of Plant-based meat and Animal-based meat 47
7.3.1 Case Study 2- Antimicrobial Use in Food Animals Represents A Systemic Risk 47
7.4 Plant-Based Diets and Human Health 48
7.4.1 Pictorial representation of the changing face of the world 49
7.5 Regional Variations- Meat Eating Trends 49
7.5.1 Country wise Key Statistic on Plant-Based Diet, recent available 50
7.6 Plant-Based Meats Trend- Role of Food Manufacturers 51
7.6.1 Impossible Foods 51
7.6.2 Tyson Foods 52
7.6.3 Kraft Foods 52
7.6.4 Nestle 52
8. KEY MARKET INDICATORS 53
8.1 Demand Side Analysis 53
8.2 Supply Side Analysis 57
8.2.1 Top Winning Strategies 57
8.2.1.1 Top Product launches 58
8.2.1.2 Top Investments 59
8.2.1.3 Top Acquisition and Collaborations 59
8.3 Value Chain Analysis 61
8.3.1 Value Chains for Plant-based food: Examples in Action 63
8.3.2 Case Study 2- Impossible Foods 64
8.3.3 Case Study 3- Papa John's Pizza 64
9. MARKET INSIGHTS, BY PRODUCT 65
9.1 General Overview 65
9.1.1 Plant-Based Milk 66
9.1.2 Plant-Based Meat Substitutes 69
9.1.3 Plant-Based Creamer 72
9.1.4 Plant-Based Cheese 73
9.1.5 Plant-Based Yogurt 74
9.1.6 Plant-Based Butter 75
9.1.7 Plant-Based Other Products 76
10. MARKET INSIGHTS BY APPLICATION 77
10.1 General Overview 77
10.1.1 Plant-Based Supplements and Nutritional Powders 78
10.1.2 Plant-Based Beverages 80
10.1.3 Plant-Based Bakery and Snacks 82
10.1.4 Plant-Based Breakfast and Cereals 84
10.1.5 Plant-Based Infant Nutrition 86

…….Continued

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