Ingredients Market for Plant-based Food & Beverages Size and Share Forecast Outlook for 2023 to 2033

The ingredients market for plant-based food & beverages is estimated to secure a valuation of USD 2.3 billion in 2023 and is estimated to rise to USD 9.30 billion by 2033. The market is anticipated at a CAGR of 15% during the forecast period.

Factors driving the Market:

  • Growing chronic diseases such as cardiovascular disease, diabetes, and other infectious diseases are accelerating the demand for plant-based food & beverage ingredients.
  • Increasing demand for health supplements to intake specific vitamins is increasing the adoption of plant-based food & beverage ingredients.
  • Manufacturers develop all types of essential vitamin supplements for patients in the form of tables, capsules, and power are driving the market expansion.
  • In the United States, around 50% of the adult population above 65 years consumes health supplements, which in turn drives market opportunities.
  • Food & beverage manufacturers are focused on consumers' desire for a healthy meal. These manufacturers enhance nutrition content by adding flavors to plant-based food & beverage items.
  • The growing adoption of pro-biotic ingredients in bakery-based products is flourishing the market growth.
  • Rising consumer awareness, changing lifestyles, and disposable income are the factors boosting the demand for plant-based food & beverage ingredients.
  • Growing vegan consumers, high-quality lifestyles, and omega-3 products are advancing the market size during the forecast period.
  • Increasing milk allergies and lactose intolerance are shifting consumers' demand for plant-based food & beverage ingredients.

Key Challenges Hindering Growth in the Plant-based Food & Beverage Ingredients Market

  • The high cost of plant-based food & beverage ingredients and lack of availability may limit market growth.
  • The availability of common standardized ingredients and strict regulation on Omega-3 nutrition products in the food & beverages sector may restrain market growth.
  • In 2022, the Food Safety and Standards Association of India announced its new rule to decline the selling of low-quality vegan products.

Rising Cardiovascular Disease Driving Demand for Plant-based Ingredients Globally

The rising fast-paced lifestyle, workaholic and busy schedules are shifting consumers' attention toward healthy food & beverages. The increasing prevalence of cardiovascular and other health-related diseases is surging the demand for plant-based food & beverage ingredients. Moreover, adopting functional food and Omega-3 fatty acids are influencing the ingredients market for plant-based food & beverages.

These food & beverages help to reduce cholesterol and triglyceride levels, increasing the market opportunities. As per a report by American Heart Association, around 8,00,000 people suffer from heart attacks in the United States annually. All these factors are influencing the global market and reducing the number of chronic diseases. Adopting ready-to-drink beverages with high proteins with organic plant-based ingredients increases market opportunities during the forecast period.

Adopting plant-based food & beverages also limit the chance of cancer, including cancer colon, diabetes and promotes weight loss. In addition, the patient's demand for plant-based food & beverage ingredients improve the lack of vitamins, protein, and essential fatty acids. These factors play a crucial role for disease patients and boost their healthy lifestyles. According to an article, vegan food & beverage ingredients consumers between the ages of 25 to 34 highly consume healthy vegan products.

Attributes Details
Market CAGR (2023 to 2033) 15%
Market Valuation (2023) USD 2.3 billion
Market Valuation (2033) USD 9.30 billion

2017 to 2022 Global Plant-based Ingredients Sales Outlook Compared to Forecast from 2023 to 2033

According to Future Market Insights, the Ingredients Market for Plant-based Food & Beverage is predicted at a healthy 15% CAGR during the forecast period. Historically, the market registered a CAGR of 14.1% between 2017 and 2022.

The increasing number of vegans, ready-to-eat and ready-to-drink products are increasing consumers' awareness of healthy food & beverages in recent years. These consumers are fueling the demand for clean-label and highly standardized products, surging the market opportunities.

Adopting antioxidant beverages and value-added items is enhancing the quality of drinks and expanding the market growth. Several top companies are innovating products by increasing the adoption of advanced technologies, which in turn fuels market growth.

Due to the COVID-19 waves, marketers faced considerable challenges in the global market. The manufacturers can only provide a small quantity of food & beverage ingredients due to a lack of raw materials. However, due to government rules & regulations, the global market shut down its business temporarily to maintain social distancing. Therefore, the distribution and supply chain need more raw materials.

Consumers are more conscious about their health and there is growing demand for a better alternative source for a healthy lifestyle. Therefore, the companies focused on consumers' requirements for healthy diets, such as vegan and immunity booster supplements, are expected to surge the market growth. After the pandemic, the global market started growing, with consumers' popularity of vegan products increasing significantly.

Short Term (2023 to 2026): Increasing demand for high-quality, rich vitamins and organic foods, increasing the adoption of plant-based food & beverage ingredients.

Medium Term (2026 to 2029): Rising consumer preference, disposable income, and healthy lifestyle propel the market expansion.

Long Term (2029 to 2033): Manufacturers are launching healthy product items in the food & beverages to attract fitness freak consumers driving market opportunities.

The market is estimated to reach USD 9.30 billion during the forecast period. Historically, the market stood at USD 2.02 billion from 2017 to 2022.

Probiotics Category Leading the Plant-based Ingredients Product Type Segment

Based on product type, probiotics dominate the global market by securing a high share during the forecast period. There is an increasing demand for vegan food & beverages for maintaining and influencing the body's immune system. Increasing the adoption of probiotics keeps harmful bacteria away, which creates digestion problems. Consumers are more conscious about their health, which drives their attention toward plant-based products.

Rising consumer problems related to lactose intolerance and improper digestion are increasing the demand for probiotics products. The popularity of vegan foods due to growing animal rights and environmental problems is increasing the adoption of probiotics products. Being a healthy substitute, consumers around the globe are boosting the demand for probiotics in recent times.

Analysis of Top Countries Influencing Plant-based Ingredients Consumption and Innovation

Growing Consumption of Plant-based Food & Beverages Ingredients Drives Asia Pacific Market

Asia Pacific is capturing a significant share of 14.5% of the global market during the forecast period. India and China are significantly growing the market due to increasing health awareness, disposable income, and demand for probiotics products. Growing innovative products, and advanced technologies, including microencapsulation, are driving the Asia Pacific ingredients market for plant-based food & beverages.

Manufacturers are developing better, highly standardized vegan products that are advancing the Asia Pacific market size. Growing population, urbanization, and rising consumer preference to avoid meat and high-cholesterol meals are increasing the adoption of plant-based food & beverage ingredients.

India is one of the prominent nations in producing vegan-based products due to the increasing vegan population. In India, around 30% of the population is entirely vegan, consequently driving market expansion. The key players are launching meat alternatives by launching plant-based meat and are influencing India's ingredients market for plant-based food & beverage. In Dec 2021, Evolved Food announced its plant-based protein and meat alternatives to promote a healthy lifestyle with excess protein.

The Popularity of Vegan Food Influences the United States Market

The United States is securing a maximum share of the global market during the forecast period. The rising demand for vegan foods and the popularity of vegan drinks drive the United States market size. Consumers are shifting their unhealthy lifestyles by increasing the adoption of plant-based food & beverage ingredients in the United States.

The rising demand for protein, low-fat, and vitamin-enriched products is fueling the demand for plant-based food & beverage ingredients. Moreover, innovations of plant-based meats, soya chunks, and dairy alternatives drive the United States ingredients market for plant-based food & beverages. The widespread dairy plant-based beverages such as pea, almond, rice, and hemp and oat milk further uplift the United States market.

Growing Health-conscious Consumers Uplift the United Kingdom Market

The United Kingdom is registering a relevant global share during the forecast period. Increasing demand for plant-based products and dietary supplements drives the United Kingdom market. The manufacturers are developing newly launched plant-based products that add value and bring good taste for health-conscious consumers.

The rising heart-related issues and risk of stroke are increasing the adoption of plant-based food & beverage ingredients in the country. Furthermore, consumers' focus on the vegan diet and growing awareness of healthy plant-based food by various organizations fuel the United States' ingredients market for plant-based food & beverages.

Competitive Landscape in the Global Ingredients Market for Plant-based Food & Beverages

The market players are playing an essential role in the global market by capturing a maximum output by investing considerable amounts in research & development activities. These players are promoting vegan-based products for health by excluding low-quality lifestyles. The manufacturers are launching unique products through their market research and deep analysis.

The marketers focus on providing organic and natural food & beverages based on plants. Further, they provide probiotic and non-dairy beverages to capture consumers' attention. These players adopt a few marketing methodologies such as mergers, acquisitions, collaborations, partnerships, mergers, and agreements.

Other Prominent Companies Contributing to the Plant-based Ingredients Industry

  • Nestle SA
  • Conagra Brands Inc
  • Danone S.A.
  • Beyond Meat Inc
  • Tofutti Brands Inc
  • Kerry Group
  • BASF SE
  • Ingredion
  • Beneo GmbH
  • Ajinomoto
  • Chr. Hansen
  • Sugarlogix
  • Sensus B.V.
  • A & B Ingredients
  • Tate & Lyle
  • Foodchem International Corporation
  • Dupont Nutrition & Biosciences
  • Nutra Food Ingredients
  • Stratum Nutrition

Recent Developments in the Ingredients Market for Plant-based Food & Beverages are:

  • In May 2022, Danone announced its new diary and plant-based products that desire parents' satisfaction to provide their children with a suitable plant-based diet. This plant-based completes the proper nutrients, flexitarian, and vitamin requirements among children.
  • In January 2022, Gaia's Farming Co. announced its newly launched milk alternative beverages, including oats and hemp beverages, to satisfy vegan populations' requirements.
  • In May 2021, Conagra introduced its plant-based burger to expand its portfolio in Canada.
  • In 2020, according to a data report by Plant Based Foods Associations, the sales of vegan products surpassed nearly USD 7 billion. Due to the increasing demand for sustainable products, manufacturers are innovating new product launches to meet consumers' desires.
  • In September 2021, Food Corporation launched its e-commerce platform to provide plant-based products to its consumers. The company provides around 40 plant-based food items with superior, standardized, sustainable, and high nutrients.

Scope of the Global Plant-based Food & Beverage Ingredients Industry Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2017 to 2022
Market Analysis USD billion for Value
Key Countries Covered United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa
Key Segments Covered Product Type, Region
Key Companies Profiled Nestle SA; Conagra Brands Inc; Danone S.A.; Beyond Meat Inc; Tofutti Brands Inc; Kerry Group; BASF SE; Ingredion; Beneo GmbH; Ajinomoto; Chr. Hansen; Sugarlogix; Sensus B.V.; A & B Ingredients; Tate & Lyle; Foodchem International Corporation; Dupont Nutrition & Biosciences; Nutra Food Ingredients; Stratum Nutrition
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Top Investment Segments in the Ingredients Market for Plant-based Food & Beverages

By Product Type:

  • Probiotics
  • Phytochemicals
  • Protein & Amino Acids
  • Enzymes
  • Fatty Acids
  • Prebiotics
  • Vitamin
  • Specialty Carbohydrates
  • Fibers
  • Minerals

By Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Table of Content

  • 1. Executive Summary | Ingredients Market for Plant-based Food & Beverages
  • 2. Market Overview
  • 3. Market Background
  • 4. Global & Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
    • 5.1. Probiotics
      • 5.1.1. Lactobacilli
      • 5.1.2. Bifid bacterium
      • 5.1.3. Streptococcus
      • 5.1.4. Bacillus
    • 5.2. Proteins & Amino Acids
      • 5.2.1. Proteins
      • 5.2.2. L-Glutamate
      • 5.2.3. Lysine
      • 5.2.4. Methionine
      • 5.2.5. Threonine
      • 5.2.6. Tryptophan
    • 5.3. Phytochemicals & Plant Extracts
      • 5.3.1. Carotenoids
      • 5.3.2. Flavonoids
      • 5.3.3. Phytosterols
    • 5.4. Prebiotics
      • 5.4.1. FOS
      • 5.4.2. Inulin
      • 5.4.3. GOS
      • 5.4.4. MOS
    • 5.5. Specialty Carbohydrates
    • 5.6. Fatty Acids
      • 5.6.1. Omega 3
      • 5.6.2. Omega 6
      • 5.6.3. Omega 7
      • 5.6.4. Omega 9
    • 5.7. Minerals
      • 5.7.1. Zinc
      • 5.7.2. Magnesium
      • 5.7.3. Calcium
      • 5.7.4. Iron
    • 5.8. Enzymes
      • 5.8.1. Proteases
      • 5.8.2. Lipases
      • 5.8.3. Carbohydrases
      • 5.8.4. Polymerases & Nucleases
      • 5.8.5. Phytases
      • 5.8.6. Catalyses
    • 5.9. Fibers
      • 5.9.1. Soluble
      • 5.9.2. Insoluble
    • 5.10. Food Texturants
      • 5.10.1. Hydrocolloids
      • 5.10.2. Emulsifiers
      • 5.10.3. Stabilizers
  • 6. Global & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    • 6.1. RTE & RTC Meals Plant-based Milk & Derivatives
    • 6.2. Bakery & Confectionery
    • 6.3. Sweet & Savoury Snacks
    • 6.4. Plant-based Juices
    • 6.5. RTD Tea & Coffee
  • 7. Global & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Europe
    • 7.4. Asia Pacific
    • 7.5. MEA
  • 8. North America & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 9. Latin America & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 10. Europe & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 11. Asia Pacific & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 12. MEA & Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 13. Key Countries & Analysis
  • 14. Market Structure Analysis
  • 15. Competition Analysis
    • 15.1. Ingredion Inc.
    • 15.2. Archer-Daniels-Midland Company
    • 15.3. DuPont de Nemours, Inc.
    • 15.4. Cargill Inc.
    • 15.5. Puris Proteins LLC
    • 15.6. BI Nutraceuticals Inc.
    • 15.7. Olam International
    • 15.8. SunOpta Inc.
    • 15.9. Dohler GmbH
    • 15.10. The Scoular Company
    • 15.11. Trader Joe’s
    • 15.12. Manitoba Harvest Hemp Foods
    • 15.13. Sweet Earth Natural Foods
    • 15.14. Lightlife Foods, Inc.
  • 16. Assumptions & Acronyms Used
  • 17. Research Methodology

List of Tables

Table 1: Global & Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global & Volume (Tons) Forecast by Region, 2018 to 2033

Table 3: Global & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 4: Global & Volume (Tons) Forecast by Product, 2018 to 2033

Table 5: Global & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 6: Global & Volume (Tons) Forecast by Application, 2018 to 2033

Table 7: North America & Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America & Volume (Tons) Forecast by Country, 2018 to 2033

Table 9: North America & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 10: North America & Volume (Tons) Forecast by Product, 2018 to 2033

Table 11: North America & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 12: North America & Volume (Tons) Forecast by Application, 2018 to 2033

Table 13: Latin America & Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America & Volume (Tons) Forecast by Country, 2018 to 2033

Table 15: Latin America & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 16: Latin America & Volume (Tons) Forecast by Product, 2018 to 2033

Table 17: Latin America & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 18: Latin America & Volume (Tons) Forecast by Application, 2018 to 2033

Table 19: Europe & Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe & Volume (Tons) Forecast by Country, 2018 to 2033

Table 21: Europe & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 22: Europe & Volume (Tons) Forecast by Product, 2018 to 2033

Table 23: Europe & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 24: Europe & Volume (Tons) Forecast by Application, 2018 to 2033

Table 25: Asia Pacific & Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific & Volume (Tons) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 28: Asia Pacific & Volume (Tons) Forecast by Product, 2018 to 2033

Table 29: Asia Pacific & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 30: Asia Pacific & Volume (Tons) Forecast by Application, 2018 to 2033

Table 31: MEA & Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA & Volume (Tons) Forecast by Country, 2018 to 2033

Table 33: MEA & Value (US$ Million) Forecast by Product, 2018 to 2033

Table 34: MEA & Volume (Tons) Forecast by Product, 2018 to 2033

Table 35: MEA & Value (US$ Million) Forecast by Application, 2018 to 2033

Table 36: MEA & Volume (Tons) Forecast by Application, 2018 to 2033

List of Figures

Figure 1: Global & Value (US$ Million) by Product, 2023 to 2033

Figure 2: Global & Value (US$ Million) by Application, 2023 to 2033

Figure 3: Global & Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global & Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global & Volume (Tons) Analysis by Region, 2018 to 2033

Figure 6: Global & Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global & Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 9: Global & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 10: Global & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 11: Global & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 12: Global & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 13: Global & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 14: Global & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 15: Global & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 16: Global & Attractiveness by Product, 2023 to 2033

Figure 17: Global & Attractiveness by Application, 2023 to 2033

Figure 18: Global & Attractiveness by Region, 2023 to 2033

Figure 19: North America & Value (US$ Million) by Product, 2023 to 2033

Figure 20: North America & Value (US$ Million) by Application, 2023 to 2033

Figure 21: North America & Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America & Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America & Volume (Tons) Analysis by Country, 2018 to 2033

Figure 24: North America & Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America & Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 27: North America & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 28: North America & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 29: North America & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 30: North America & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 31: North America & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 32: North America & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 33: North America & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 34: North America & Attractiveness by Product, 2023 to 2033

Figure 35: North America & Attractiveness by Application, 2023 to 2033

Figure 36: North America & Attractiveness by Country, 2023 to 2033

Figure 37: Latin America & Value (US$ Million) by Product, 2023 to 2033

Figure 38: Latin America & Value (US$ Million) by Application, 2023 to 2033

Figure 39: Latin America & Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America & Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America & Volume (Tons) Analysis by Country, 2018 to 2033

Figure 42: Latin America & Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America & Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 45: Latin America & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 46: Latin America & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 47: Latin America & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 48: Latin America & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 49: Latin America & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 50: Latin America & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 51: Latin America & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 52: Latin America & Attractiveness by Product, 2023 to 2033

Figure 53: Latin America & Attractiveness by Application, 2023 to 2033

Figure 54: Latin America & Attractiveness by Country, 2023 to 2033

Figure 55: Europe & Value (US$ Million) by Product, 2023 to 2033

Figure 56: Europe & Value (US$ Million) by Application, 2023 to 2033

Figure 57: Europe & Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe & Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe & Volume (Tons) Analysis by Country, 2018 to 2033

Figure 60: Europe & Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe & Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 63: Europe & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 64: Europe & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 65: Europe & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 66: Europe & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 67: Europe & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 68: Europe & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 69: Europe & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 70: Europe & Attractiveness by Product, 2023 to 2033

Figure 71: Europe & Attractiveness by Application, 2023 to 2033

Figure 72: Europe & Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific & Value (US$ Million) by Product, 2023 to 2033

Figure 74: Asia Pacific & Value (US$ Million) by Application, 2023 to 2033

Figure 75: Asia Pacific & Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific & Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific & Volume (Tons) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific & Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific & Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 81: Asia Pacific & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 82: Asia Pacific & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 83: Asia Pacific & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 84: Asia Pacific & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 85: Asia Pacific & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 86: Asia Pacific & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 87: Asia Pacific & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 88: Asia Pacific & Attractiveness by Product, 2023 to 2033

Figure 89: Asia Pacific & Attractiveness by Application, 2023 to 2033

Figure 90: Asia Pacific & Attractiveness by Country, 2023 to 2033

Figure 91: MEA & Value (US$ Million) by Product, 2023 to 2033

Figure 92: MEA & Value (US$ Million) by Application, 2023 to 2033

Figure 93: MEA & Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA & Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA & Volume (Tons) Analysis by Country, 2018 to 2033

Figure 96: MEA & Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA & Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA & Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 99: MEA & Volume (Tons) Analysis by Product, 2018 to 2033

Figure 100: MEA & Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 101: MEA & Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 102: MEA & Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 103: MEA & Volume (Tons) Analysis by Application, 2018 to 2033

Figure 104: MEA & Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 105: MEA & Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 106: MEA & Attractiveness by Product, 2023 to 2033

Figure 107: MEA & Attractiveness by Application, 2023 to 2033

Figure 108: MEA & Attractiveness by Country, 2023 to 2033

Frequently Asked Questions

What is the Ingredients Market for Plant-based Food & Beverages Market CAGR for 2033?

The Ingredients market for plant-based food & beverages market CAGR 2033 is 15%.

What is the Current Ingredients Market for Plant-based Food & Beverages Market Size?

The market is estimated to secure a size of USD 2.3 billion in 2023.

What is the Projected Market Value of Plant-based Food & Beverages Ingredients by 2033?

The projected market value for 2033 is expected to be around USD 9.30 billion.

How Key Players are Developing the Market?

Key players are developing the market by expanding their product portfolio.

Why is the Global Market is Gaining Momentum?

The global market is gaining momentum due to the increasing demand for plant-based diets.

Explore Similar Insights

Future Market Insights

Ingredients Market for Plant-based Food & Beverages