Current and Future Analysis of Plant-Based Food and Beverages Alternatives Industry

A plant-based diet, or a high-plant diet, is a diet that consists mostly or entirely of plant-based foods. Plant foods are foods that are made from plants with no animal foods or artificial ingredients. While a plant-based diet avoids or contains limited amounts of animal products, it is not necessarily vegan. The Academy of Nutrition and Dietetics states that well-planned plant-based diets are good for health and are suitable for all stages of life, including pregnancy, breastfeeding, childhood and adulthood, and for athletes.

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Some of the key players of Plant-Based Food and Beverages Alternatives Industry:

Danone, Daiya, Beyond Meat, LightLife, Impossible Foods, Maple Leaf Foods, Morningstar Farms, Sweet Earth Foods, Before the Butcher, Ojah B.V., Eat Just, Good Catch Foods, Ripple Foods, Meatless Farm, The Vegetarian Butcher(Unilever), Yofix Probiotics Ltd, Boca, Conagra Brands, Pacific Foods of Oregon, Moving Mountains, Kite Hill, Halsa Foods, Blue Diamond Growers, Califia Farms, Terrafertil(Nestle), Nutrafood(D?hler GmbH), Upfield Foods, Alpha Foods

The term “plant-based diet” encompasses a wide range of eating habits that include lower amounts of animal products and higher amounts of plant-based products such as vegetables, fruits, whole grains, legumes, nuts and seeds. However, the use of the term "plant-based diet" has changed over time and there are examples of the term used to refer to vegan and vegetarian diets that include dairy products or eggs but not meat and diets May include limited amounts of animal-based foods such as semi-vegetarian and authentic Mediterranean diets.

By the beginning of the 21st century, an estimated 4 billion people will be living primarily on plant-based sources, some of their own choosing and others due to limitations caused by plant, freshwater and energy resource shortages. In Europe, consumption of plant-based meat substitutes represented 40% of the world market in 2019 and is projected to increase by 60% by 2025, mainly driven by health, food security and animal welfare concerns. In the US, the plant-based food retail market grew eight times faster than the general food retail market in 2019.