United States Plant Based Food Market Assessment, By Product Type [Dairy, Meat, Seafood, Eggs, Desserts, Others], By Source [Vegetables, Fruits, Nuts & Seeds, Legumes, Grains, Others], By End use [Domestic, Commercial], By Application [Food (Bakery, Confectionery, Infant Food, Others), Beverage, Animal Nutrition, Dietary Supplements, Others], By Distribution Channel [Online, Offline- Hypermarket/Supermarket, Departmental Stores, Brand Stores/Kiosks, Others], By Region, Opportunities, and Forecast, 2016-2030F

United States Plant Based Food Market is expected to witness a CAGR of 12.98% during the forecast period 2023-2030F and was valued at USD 7.92 billion in 2022.

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United States Plant Based Food Market is expected to witness a CAGR of 12.98% during the forecast period 2023-2030F and was valued at USD 7.92 billion in 2022. The market has experienced significant growth in recent years, fuelled by factors such as increasing awareness of the health and environmental benefits of plant-based diets, changing consumer preferences, and advancements in food technology.

The United States Plant-Based Food Market is a rapidly growing segment of the food industry, driven by a rising demand for healthier and more sustainable food options. Plant-based food products are made from ingredients that are derived from plants, such as vegetables, fruits, grains, legumes, and nuts. These products are typically free from animal products such as meat, dairy, and eggs, making them an appealing choice for consumers looking for vegan, vegetarian, or flexitarian options. Nearly 8 percent of the county’s population is vegetarian and 3 percent vegan. The plant-based food market includes a wide range of products such as meat alternatives, dairy alternatives, plant-based snacks, and plant-based beverages. As the demand for plant-based food products continues to rise, it is likely that the market will continue to expand and evolve, presenting opportunities for innovation and growth in the food industry.

The wider availability of plant protein ingredients such as flaxseed, quinoa, pea proteins, chia and oats are adding nutritional flavours in food making them a healthier alternative to milk, meat, and eggs. Consumer’s misconception of plant-based meals being more expensive than the regular meat options and accessibility to buy plant-based food and fresh produce, especially for the lower -income Americans hinders the market growth to a limited extent. Although, new entrants as well as existing players can tap this market potential by brining in innovative solutions to provide easy accessibility of plant-based meals to this mass group.


Plant Based Meat segment may capture similar dollar share as of Daily Alternatives

The United States Plant-Based Food Market is closely linked to the growing popularity of plant-based diets, which have become increasingly popular in recent years due to their numerous health benefits and environmental advantages. Dairy alternatives hold a prominent share in the plant-based food market in the United States mainly owing to a large lactose intolerant population. Nearly 36% of the country’s population in lactose intolerant. Plant based milk captures 15% of the total milk market in the US. Newly launch plant-based meat products, continuous product innovation and increasing consumer adoption of consuming food made of natural or organic food ingredients tend to open door of opportunity for meat substitutes segment to hold a wider market share during the forecast period.

Increasing Consumer Preference for Healthier Diets 

The availability of plant-based food products has increased significantly in recent years in the United States, driven by growing consumer demand for healthier and more sustainable food options. Supermarkets and restaurants across the country have responded to this demand by increasing their offerings of plant-based products, including plant-based meat alternatives, dairy-free milk, and vegan cheese. Plant based alternatives offers various health benefits such as controlled blood sugar, and lowered cholesterol level. Moreover, large food companies have started to introduce plant-based alternatives to traditional meat and dairy products, further expanding the availability of plant-based options.

This trend is expected to continue in the coming years as consumers become more health and environmentally conscious and seek out alternative protein sources. As the availability of plant-based products continues to increase, it is likely that the plant-based food market will continue to grow in the United States. The U.S. retail sales for plant-based foods was $8 billion in 2022 out of which the plant-based milk category accounted to $2.8 billion with more than 40 percent of the household penetration.

Impact of COVID-19 on United States Plant Based Food Market

The COVID-19 pandemic has had a mixed impact on the plant-based food market in the United States. On the one hand, the pandemic has raised awareness among consumers about the importance of a healthy and balanced diet, which has led to increased interest in plant-based foods. As a result, sales of plant-based food products have generally remained strong throughout the pandemic. However, the pandemic has also disrupted supply chains and led to shortages of certain plant-based products, such as tofu and tempeh. In addition, the closure of restaurants and other food service establishments has led to a decline in demand for plant-based products in these sectors.

United States Plant Based Food Market: Report Scope

United States Plant Based Food Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Market Xcel, providing in-depth analysis and assessment of the current scenario of the Plant Based Food market in United States, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecasts (2023–2030). Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 12.98% from 2023-2030

Revenue Forecast in FY2030

USD 12.98 billion

Units

Revenue in USD billion and Volume in Tons

Segments Covered

Type, Source, End-use, Application, Distribution Channel

Regions Covered

Northeast

Southwest

West

Southeast  

Midwest 

Key Companies Profiled

Amy’s Kitchen, Inc., Beyond Meat, INC., Impossible Food, Inc., Boca Foods Company (Kraft Foods, Inc.), Hormel foods Corporation, Morning Star Farms (Kellogg Na Co.), The Hain Celestial Group, Inc., Light Life Foods, Inc., Atlantic Natural Food LLC, Puris Holdings, LLC.

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and excel through email (subject to the license purchased)

 

In this report, United States Plant Based Food Market has been segmented into following categories:

1.       United States Plant Based Food Market, By Product Type

1.1   Dairy

1.2   Meat

1.3   Seafood

1.4   Eggs

1.5   Desserts

1.6   Others

2.       United States Plant Based Food Market, By Source

2.1   Vegetables

2.2   Fruits

2.3   Nuts & Seeds

2.4   Legumes

2.5   Grains

2.6   Others

3.       United States Plant Based Food Market, By End Use

3.1   Domestic

3.2   Commercial

4.       United States Plant Based Food Market, By Application

4.1   Food

4.1.1         Bakery

4.1.2         Confectionery

4.1.3         Infant Food

4.1.4         Others

4.2   Beverage

4.3   Animal Nutrition

4.4   Dietary Supplements

4.5   Others

5.       United States Plant Based Food Market, By Distribution Channel

5.1   Online

5.2   Offline

5.2.1         Hypermarket/Supermarket

5.2.2         Departmental Stores

5.2.3         Brand Stores/Kiosks

5.2.4         Others

6.       United States Plant Based Food Market, By Region

6.1   Northeast

6.2   Southwest

6.3   West

6.4   Southwest

6.5   Midwest 

Key Player Landscape and Outlook

The market for plant-based foods is fragmented, with a number of small- and medium-sized businesses as well as recent entrants. To increase their product offers and worldwide footprints, these players have put numerous tactics into practise. New product releases, collaborations, agreements, partnerships, and acquisitions are the primary business tactics used by the majority of enterprises in the market for plant-based foods.

Key Players Operating in United States Plant Based Food Market

·         Amy’s Kitchen, Inc.

·         Beyond Meat, INC.

·         Impossible Food, Inc.

·         Boca Foods Company (Kraft Foods, Inc.)

·         Hormel foods Corporation

·         Morning Star Farms (Kellogg Na Co.)

·         The Hain Celestial Group, Inc.

·         Light Life Foods, Inc.

·         Atlantic Natural Food LLC

·         Puris Holdings, LLC.

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Table of Content

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of Covid-19 on United States Plant Based Food Market

4.       Executive Summary

5.       Voice of Customer

5.1   Demographics (Cohort Analysis – Baby Boomers, Gen X, Gen Z, Millennials; Gender; Income; Profession; Geography)

5.2   Brand Awareness and Recall Rate

5.3   Factors Considered in Purchase Decision

5.3.1         Product Type

5.3.2         Product Source

5.3.3         Quality

5.3.4         Quantity

5.3.5         Price

5.3.6         Quantity wrt Price

5.3.7         Packaging

5.3.8         Shelf Life

5.3.9         Taste Preferences

5.3.10      Nutritional Value and Benefits

5.4   Frequency of Purchase

5.5   Channel of Purchase

5.6   Existing or Intended Purchaser

5.7   Impact of Influencer Market or Celebrity Endorsements on Product/Brand Absorption

6.       United States Plant Based Food Market Outlook, 2016-2030F

6.1   Market Size & Forecast  

6.1.1         By Value

6.1.2         By Volume 

6.2   By Product Type

6.2.1         Dairy

6.2.2         Meat

6.2.3         Seafood

6.2.4         Desserts

6.2.5         Eggs

6.2.6         Others

6.3   By Source

6.3.1         Vegetables

6.3.2         Fruits

6.3.3         Nuts & Seeds

6.3.4         Legumes

6.3.5         Grains

6.3.6         Others

6.4   By End-use

6.4.1         Domestic

6.4.2         Commercial

6.5   By Application

6.5.1         Food

6.5.1.1    Bakery

6.5.1.2    Confectionery

6.5.1.3    Infant Food

6.5.1.4    Others

6.5.2         Beverage

6.5.3         Animal Nutrition

6.5.4         Dietary Supplements

6.5.5         Others

6.6   By Distribution Channel

6.6.1         Online

6.6.2         Offline

6.6.2.1    Hypermarket/Supermarket

6.6.2.2    Departmental Stores

6.6.2.3    Brand Stores/Kiosks

6.6.2.4    Others

6.7   By Region

6.7.1         Northeast

6.7.2         Southwest

6.7.3         West

6.7.4         Southwest

6.7.5         Midwest 

6.8   By Company Market Share (%), 2022

7.       Market Mapping, 2022

7.1   By Product Type

7.2   By Source

7.3   By End-use

7.4   By Application

7.5   By Distribution Channel

7.6   By Region

8.       Macro Environment and Industry Structure

8.1   Supply Demand Analysis

8.2   Import Export Analysis

8.3   Value Chain Analysis

8.4   PESTEL Analysis

8.4.1         Political Factors

8.4.2         Economic System

8.4.3         Social Implications

8.4.4         Technological Advancements

8.4.5         Environmental Impact

8.4.6         Legal Compliances and Regulatory Policies (Statutory Bodies Included)

8.5   Porter’s Five Forces Analysis

8.5.1         Supplier Power

8.5.2         Buyer Power

8.5.3         Substitution Threat

8.5.4         Threat from New Entrant

8.5.5         Competitive Rivalry

9.       Market Dynamics

9.1   Growth Drivers

9.2   Growth Inhibitors (Challenges and Restraints)

10.   Key Players Landscape

10.1           Competition Matrix of Market Leaders

10.2           Market Revenue Analysis of Market Leaders (in %, 2022)

10.3           SWOT Analysis (For Five Market Players)

10.4           Mergers & Acquisitions/ Joint Ventures (If Applicable)

10.5           Patent Analysis (If Applicable)

11.   Pricing Analysis (Key Five Market Players)

12.   Case Studies

13.   Key Players Outlook

13.1           Amy’s Kitchen, Inc.

13.1.1      Company Details

13.1.2      Key Management Personnel

13.1.3      Products & Services

13.1.4      Financials (As reported)

13.1.5      Key Market Focus & Geographical Presence

13.1.6      Recent Developments

13.2           Beyond Meat, INC.

13.3           Impossible Food, Inc.

13.4           Boca Foods Company (Kraft Foods, Inc.)

13.5           Hormel foods Corporation

13.6           Morning Star Farms (Kellogg Na Co.)

13.7           The Hain Celestial Group, Inc.

13.8           Light Life Foods, Inc.

13.9           Atlantic Natural Food LLC

13.10       Puris Holdings, LLC.

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.   Strategic Recommendations

15.   About Us & Disclaimer

List of Figure_United States Plant Based Food Market

Figure 1. United States Plant Based Food Market, By Value, In USD Million, 2016-2030F

Figure 2. United States Plant Based Food Market, By Volume, In Tons, 2016-2030F

Figure 3. United States Plant Based Food Market Share, By Product Type, In USD Million, 2016-2030F

Figure 4. United States Plant Based Food Market Share, By Product Type, In Tons, 2016-2030F

Figure 5. United States Plant Based Food Market Share, By Source, In USD Million, 2016-2030F

Figure 6. United States Plant Based Food Market Share, By Source, In Tons, 2016-2030F

Figure 7. United States Plant Based Food Market Share, By End-use, In USD Million, 2016-2030F

Figure 8. United States Plant Based Food Market Share, By End-use, In Tons, 2016-2030F

Figure 9. United States Plant Based Food Market Share, By Application, In USD Million, 2016-2030F

Figure 10. United States Plant Based Food Market Share, By Application, In Tons, 2016-2030F

Figure 11. United States Plant Based Food Market Share, By Distribution Channel, In USD Million, 2016-2030F

Figure 12. United States Plant Based Food Market Share, By Distribution Channel, In Tons, 2016-2030F

Figure 13. United States Plant Based Food Market Share, By Region, In USD Million, 2016-2030F

Figure 14. United States Plant Based Food Market Share, By Region, In Tons, 2016-2030F

Figure 15. By Product Type Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 16. By Source Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 17. By End-use Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 18. By Application Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 19. By Distribution Channel Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 20. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Table_United States Plant Based Food Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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