Market Overview:
The global plant-based food ingredient market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for plant-based milk, bakery and confectionery products, and other applications. On the basis of type, soy accounted for the majority share of the global plant-based food ingredient market in 2017. This can be attributed to its high nutritional value as well as its versatile applications in various food products. Pea is expected to witness highest growth during the forecast period owing to its high protein content and health benefits over other types of plant-based ingredients. On the basis of application, bakery and confectionery held a major share of the global plant-based food ingredient market in 2017. This can be attributed to rising consumer awareness about healthy eating habits along with increasing demand for vegan/plant-based snacks across regions.
Product Definition:
A plant-based food ingredient is a food additive or flavoring that is derived from a plant. Plant-based ingredients are important because they provide flavor and nutrients that are not found in animal products.
Soy:
Soy is a plant-based food ingredient derived from soybean. It is one of the most extensively used ingredients in the plant-based food industry owing to its numerous properties such as high nutritional value, low cholesterol content, and ability to reduce blood pressure.
The global market for soy has been growing at a significant pace on account of increasing demand from various application industries including animal feed and dietary supplements among others.
Pea:
Pea is a pulse and also has the characteristics of a legume. It is majorly used as an ingredient for plant-based food products such as meat analogs, vegetarian burgers, nuggets, meat substitutes and many other products. The pea can be extracted in two ways; one is to process it like any other pulses (dry form) and second is to use it fresh (green form).
Application Insights:
Plant-based milk was the leading application segment in terms of revenue and is projected to witness significant growth over the forecast period. The product offers a healthy alternative for dairy products as it is fortified with vitamins and minerals. Furthermore, increasing demand for plant-based milk as an infant nutrition substitute for conventional milk is expected to drive demand over the coming years.
The bakery and confectionery segment accounted for more than 15% share of the global market in 2017 owing to rising consumer awareness about health benefits associated with whole grains, fruits, vegetables, nuts and seeds coupled with growing preference towards baked goods that are rich in fiber content. These factors are anticipated to fuel industry expansion during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a significant share of global population, which makes it a key consumer of plant-based food ingredients. China and India are among the largest consumers of meat, seafood, and poultry products worldwide. However, rising awareness regarding veganism as well as flexitarian diet has been driving demand for plant-based foods in these countries over the past few years.
North America accounted for more than 20% revenue share in 2017 owing to rising adoption of veganism across U.S.
Growth Factors:
- Increasing awareness about the health benefits of plant-based food ingredients among consumers.
- Rising demand for natural and organic food products.
- Growing trend of veganism and vegetarianism around the world.
- Proliferation of convenience stores and supermarkets that offer a wide range of plant-based food ingredients products to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-Based Food Ingredient Market Research Report
By Type
Soy, Pea, Rice, Almond, Cashew, Others
By Application
Plant-Based Milk, Bakery and Confectionery, Others
By Companies
Ingredion, Archer-Daniels-Midland Company, DuPont de Nemours, Cargill, Puris Proteins, BI Nutraceuticals, Olam International, SunOpta, Döhler GmbH, The Scoular Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Plant-Based Food Ingredient Market Report Segments:
The global Plant-Based Food Ingredient market is segmented on the basis of:
Types
Soy, Pea, Rice, Almond, Cashew, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plant-Based Milk, Bakery and Confectionery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingredion
- Archer-Daniels-Midland Company
- DuPont de Nemours
- Cargill
- Puris Proteins
- BI Nutraceuticals
- Olam International
- SunOpta
- Döhler GmbH
- The Scoular Company
Highlights of The Plant-Based Food Ingredient Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy
- Pea
- Rice
- Almond
- Cashew
- Others
- By Application:
- Plant-Based Milk
- Bakery and Confectionery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant-Based Food Ingredient Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A plant-based food ingredient is any substance that is derived from plants, such as proteins, fats, and carbohydrates.
Some of the key players operating in the plant-based food ingredient market are Ingredion, Archer-Daniels-Midland Company, DuPont de Nemours, Cargill, Puris Proteins, BI Nutraceuticals, Olam International, SunOpta, D¶hler GmbH, The Scoular Company.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-Based Food Ingredient Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Plant-Based Food Ingredient Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plant-Based Food Ingredient Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Plant-Based Food Ingredient Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Plant-Based Food Ingredient Market Size & Forecast, 2018-2028 4.5.1 Plant-Based Food Ingredient Market Size and Y-o-Y Growth 4.5.2 Plant-Based Food Ingredient Market Absolute $ Opportunity
Chapter 5 Global Plant-Based Food Ingredient Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plant-Based Food Ingredient Market Size Forecast by Type
5.2.1 Soy
5.2.2 Pea
5.2.3 Rice
5.2.4 Almond
5.2.5 Cashew
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-Based Food Ingredient Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plant-Based Food Ingredient Market Size Forecast by Applications
6.2.1 Plant-Based Milk
6.2.2 Bakery and Confectionery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-Based Food Ingredient Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant-Based Food Ingredient Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plant-Based Food Ingredient Analysis and Forecast
9.1 Introduction
9.2 North America Plant-Based Food Ingredient Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plant-Based Food Ingredient Market Size Forecast by Type
9.6.1 Soy
9.6.2 Pea
9.6.3 Rice
9.6.4 Almond
9.6.5 Cashew
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plant-Based Food Ingredient Market Size Forecast by Applications
9.10.1 Plant-Based Milk
9.10.2 Bakery and Confectionery
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plant-Based Food Ingredient Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-Based Food Ingredient Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plant-Based Food Ingredient Market Size Forecast by Type
10.6.1 Soy
10.6.2 Pea
10.6.3 Rice
10.6.4 Almond
10.6.5 Cashew
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plant-Based Food Ingredient Market Size Forecast by Applications
10.10.1 Plant-Based Milk
10.10.2 Bakery and Confectionery
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plant-Based Food Ingredient Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-Based Food Ingredient Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plant-Based Food Ingredient Market Size Forecast by Type
11.6.1 Soy
11.6.2 Pea
11.6.3 Rice
11.6.4 Almond
11.6.5 Cashew
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plant-Based Food Ingredient Market Size Forecast by Applications
11.10.1 Plant-Based Milk
11.10.2 Bakery and Confectionery
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plant-Based Food Ingredient Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-Based Food Ingredient Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plant-Based Food Ingredient Market Size Forecast by Type
12.6.1 Soy
12.6.2 Pea
12.6.3 Rice
12.6.4 Almond
12.6.5 Cashew
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plant-Based Food Ingredient Market Size Forecast by Applications
12.10.1 Plant-Based Milk
12.10.2 Bakery and Confectionery
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plant-Based Food Ingredient Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-Based Food Ingredient Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plant-Based Food Ingredient Market Size Forecast by Type
13.6.1 Soy
13.6.2 Pea
13.6.3 Rice
13.6.4 Almond
13.6.5 Cashew
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plant-Based Food Ingredient Market Size Forecast by Applications
13.10.1 Plant-Based Milk
13.10.2 Bakery and Confectionery
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant-Based Food Ingredient Market: Competitive Dashboard
14.2 Global Plant-Based Food Ingredient Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingredion
14.3.2 Archer-Daniels-Midland Company
14.3.3 DuPont de Nemours
14.3.4 Cargill
14.3.5 Puris Proteins
14.3.6 BI Nutraceuticals
14.3.7 Olam International
14.3.8 SunOpta
14.3.9 Döhler GmbH
14.3.10 The Scoular Company