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Plant-based Meals Market Share

Report ID: GMI7244
Published Date: Oct 2023
Report Format: PDF

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Plant-based Meals Market Share

Major companies operating in the plant-based meals industry includes:

Beyond Meat
Impossible Foods
Danone
Unilever
Kellogg
The Hain Celestial Group
Campbell Soup
Archer Daniels Midland (ADM)
Cargill
SunOpta
The Vegetarian Butcher
Sweet Earth

The companies are undergoing various strategic initiatives, such as mergers and acquisitions, partnerships, collaborations.

ADM plays a pivotal role in transforming crops into an array of products used in food, animal feed, industrial, and energy markets. The company operates an extensive network of agricultural assets, including a vast supply chain, processing plants, and distribution centres worldwide. The company is renowned for its innovation and expertise in the procurement, transportation, and processing of agricultural commodities like grains, oilseeds, and more. It supplies a diverse range of food and beverage manufacturers with high-quality ingredients, from sweeteners and starches to oils and proteins.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of plant-based meals reached USD 52.4 billion in 2023 and is set to surpass USD 230.84 billion by 2032, favored by the increasing awareness of the health benefits associated with plant-based diets.

The dairy alternative segment accounted for USD 15.7 billion in 2022, as they are often perceived as healthier options because they tend to be lower in saturated fats and cholesterol compared to traditional dairy products.

North America market size was valued at USD 17.74 billion in 2022, owing to the growing awareness of the environmental impact of animal agriculture, such as deforestation, greenhouse gas emissions, and water usage.

Beyond Meat, Impossible Foods, Danone, Unilever, Kellogg, The Hain Celestial Group, Campbell Soup, Archer Daniels Midland (ADM), Cargill, SunOpta, The Vegetarian Butcher, and Sweet Earth.