The Plant-Based Food market stood at US$ 4,373.0 million in 2018 and is expected to grow at a CAGR of 10.19% during the forecast period 2019-2025. The global meat and dairy sector are currently going through an unprecedented level of competition and disruption, driven by the growth of viable plant-based alternatives across many categories. People are reducing or eliminating animal products from their diet for a variety of reasons. Some want to cut back on cholesterol, others may be concerned about animal welfare, and some tend to worry about the effect of animal agriculture on the environment. Whatever the reason may be, consumers globally are shifting to a plant-based food diet. There is a seismic shift occurring in eating habits, creating a significant market opportunity for plant-based foods. Most important, many kinds of research reveal that for consumers, consuming plant-based foods has moved beyond experimentation into a permanent change brought on by health, lifestyle and social factors. Thus, following are market dynamics that discuss the plant-based food product aspects in the market. Climate change is recognized as a significant public health issue that will impact on food security. One of the major contributors to global warming is the livestock industry, and, relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. Promoting increased consumption of plant-based foods is a recommended strategy to reduce human impact on the environment and is also now recognized as a potential strategy to reduce the high rates of some chronic diseases such as cardiovascular disease and certain cancers. Consumer Trends Leading to Adoption of Plant-Based Food “Plant-Based Dairy & Dairy Alternatives products were the most consumed plant-based food globally, accounting for 61% share in 2018” Based on product the global plant-based food market is segmented into Plant-Based Dairy Alternatives, Plant-Based Sports Nutrition and Plant-Based Meat Substitutes. Plant-based dairy alternative is not an option for all consumers. Americans say they are consuming less dairy for health reasons. The intake of plant-based drinks is increasing in the UK. In fact, the sector is predicted to rise by 43% by 2021. When it comes to plant-based sports nutrition, several high-profile athletes, such as former world heavyweight champion boxer David Haye and female tennis champion Venus Williams, have reportedly adopted plant-based diets. “Beverage production dominated the application of plant-based food market, with a share of 62% in 2018, and is expected to maintain its dominance throughout the forecast period 2019-2025” Based on the application, the global plant-based food market is segmented Beverages, Bakery and Snacks, Breakfast cereals, Infant nutrition and other applications. In 2018, beverages dominated the market, however, increasing demand for plant-based meat would lead an increasing market of bakery and snacks segment during the forecast period. Traditional baked goods rely heavily on butter, eggs, and cream. Roughly 387 million people are living with diabetes, and according to the International Diabetes Federation, the number is expected to increase to nearly 600 million by 2035. Studies claim a whole-food, plant-based diet can prevent and even reverse a litany of food and lifestyle-borne illnesses, including heart disease and type 2 diabetes. “Amongst source of food, Soy-based food held the major share in 2018 however, by 2025, the Pea segment is expected to overtake Soy segment.” Based on the source, the Plant-Based Food market is segmented into Soy Protein, Pea Protein, Wheat Protein and other types of protein. In 2018, Soy protein type dominated the source segment, generating revenue of US$ 12,728.9 million. The segment is expected to grow at a CAGR of XX% during the forecast period by 2025. In the APAC region, Australia dominated the Soy Market. Global Plant-Based Food Market, By Source US$ billion (2018-2025) “North America is the largest market for plant-based food, followed by Europe and Asia-Pacific” The American plant-based food market is currently booming, and investment in this sector is rising steadily. For example, Greenleaf Foods recently announced a US$ 310 million investment in a new production facility, and plant-based producer Tofurky is being backed by further private investment. US company Greenleaf Foods, a subsidiary of Canadian Maple Leaf Foods Inc., announced that it will build the largest plant to produce plant-based proteins in North America. Accordingly, such investment and innovation are followed globally Competitive Landscape-Top 10 Market Players Some of the major players operating in the global plant-based food market are Tofurky, Quorn foods Inc., Amy’s kitchen, Archer Daniel’s Midland, Claudron Foods, Morning Star Farms, Sweet Earth Foods, Impossible Foods, Maple Leaf food and Beyond Burgers. These companies have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the growing plant-based food market. Reasons to buy (The research report presents): Current and future market size from 2018 to 2025 in terms of value (US$)

Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry

Detail analysis of the impact of plant-based food on human and environment

Analysis of regional variations and changing meat-eating trends

A quick review of overall industry performance at a glance

In-depth analysis of key industry players

A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry

Examination of industry attractiveness with the help of Porter’s Five Forces analysis

The study comprehensively covers the market across different segments and sub-segments of the global plant-based food market

The region covered: North America, Europe, Asia Pacific and Rest of World Customization Options: The Plant-Based Food market can be customized for different regions globally and at the country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

1 MARKET INTRODUCTION 1.1 Market Definition 1.2 Objective of the Study 1.3 Limitation 1.4 Stakeholders 1.5 Currency used in the Report 1.6 Scope of the Plant-Based Food Market Study 2 RESEARCH METHODOLOGY 2.1 Research Methodology for Plant-Based Food Market Study 2.1.1 Main objective of the Plant-Based Food Market Study 3 REGULATORY FRAMEWORK 3.1 General Overview 3.1.1 North America Regulatory Framework for Plant-Based Food 3.1.2 Europe Regulatory Framework for Plant-Based Food 3.1.3 APAC Regulatory Framework for Plant-Based Food 3.1.4 Rest of the World Regulatory Framework for Plant-Based Food 4 INDUSTRY PERFORMANCE 5 EXECUTIVE SUMMARY 6 MARKET OVERVIEW 6.1 Introduction 6.2 Market Dynamics 6.2.1 Market Drivers 6.2.1.1 Increasing Purchasing Power of Consumers 6.2.1.2 Significant Media Coverage and Smartphones Penetration 6.2.1.3 Rising Consumer Awareness and Health-conscious Consumer 6.2.1.4 Environmental Impact of Dairy and Meat Products 6.2.1.5 Widening range of ingredients and flavours 6.2.1.6 Increased Support for branded Plant based food from Supermarkets 6.2.2 Major Trend in the Plant-Based Food Market 6.2.2.1 Use of Avocado 6.2.2.1 Vegan Cheese 6.2.2.2 Faux Meat 6.2.2.3 Fermented Foods 6.2.3 Case Study 1- Positives of Plant Based Diet 6.2.3.1 Some other Trends witnessed in the Food & Beverage Industry 6.2.3.1.1 Established industry players revising their strategy 6.2.3.1.2 Direct to Consumer Business Model (D2C) 6.2.4 Market Restraints 6.2.4.1 Impact of changing weather conditions plantation 6.2.4.2 Consumers shift from the Traditional Taste of Dairy and Meat Product 6.2.4.3 Significant Preference for Animal Based Protein 6.2.5 Opportunity 6.2.5.1 Increasing Demand for Natural and Organic Products 6.2.5.1.1 Organic Agriculture: Key Indicators and Top Countries, 2015 6.2.5.2 Increasing Ethical Consumerism 6.2.5.3 Increasing Innovation in Food Industry 7 PLANT BASED FOOD AND ENVIRONMENT 7.1 General Overview 7.2 Livestock and Environmental Impact 7.3 Benefits of Plant Based Products over Livestock Products 7.3.1 Comparison of impact of Plant-based meat and Animal-based meat 7.3.1 Case Study 2- Antimicrobial Use in Food Animals Represents A Systemic Risk 7.4 Plant-Based Diets and Human Health 7.4.1 Pictorial representation of the changing face of the world 7.5 Regional Variations- Meat Eating Trends 7.5.1 Country wise Key Statistic on Plant-Based Diet, recent available 7.6 Plant-Based Meats Trend- Role of Food Manufacturers 7.6.1 Impossible Foods 7.6.2 Tyson Foods 7.6.3 Kraft Foods 7.6.4 Nestle 8 KEY MARKET INDICATORS 8.1 General Overview 8.1.1 Demand and Supply Side Analysis 8.1.1.1 Top Winning Strategies 8.1.1.1.1 Top Product launches 8.1.1.1.2 Top Investments 8.1.1.1.3 Top Acquisition and Collaborations 8.1.2 Value Chain Analysis 8.1.2.1 Value Chains for Plant-based food: Examples in Action 8.1.3 Case Study 2- Impossible Foods 8.1.4 Case Study 3- Papa John's Pizza 9 MARKET INSIGHTS, BY PRODUCT 9.1 General Overview 9.1.1 Plant Based Dairy Alternatives 9.1.2 Plant Based Nutrition 9.1.3 Plant Based Meat Substitutes 10 MARKET INSIGHTS BY APPLICATION 10 General Overview 10.1.1 Plant Based Supplements and Nutritional Powders 10.1.2 Plant Based Beverages 10.1.3 Plant Based Bakery and Snacks 10.1.4 Plant Based Breakfast and Cereals 10.1.5 Plant Based Infant Nutrition 10.1.5.1 Key Facts on Plant Based Infant Nutrition 10.1.6 Other Plant Based Food 11 MARKET INSIGHTS BY SOURCE 11 General Overview 11.1.1 Soy Protein 11.1.2 Pea Protein 11.1.2.1 Key Facts comparing Pea Protein and Soy Protein 11.1.3 Wheat Protein 11.1.1 Others 12 MARKET INSIGHTS BY REGION 12 General Overview 12 North America Plant Based Food Market (2018-2025) 12.2.1 North America Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.2.2 North America Plant Based Food Market, by Application 12.2.3 North America Plant Based Food Market, by Source 12.2.4 North America Plant Based Food Market, by Country 12.2.4.1 United States Plant Based Food Market 12.2.4.1.1 US Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.2.4.1.2 US Plant Based Food Market, by Application 12.2.4.1.3 US Plant Based Food Market, by Source 12.2.4.2 Canada Plant Based Food Market 12.2.4.2.1 Canada Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.2.4.2.2 Canada Plant Based Food Market, by Application 12.2.4.2.3 Canada Plant Based Food Market, by Source 12.2.4.3 Mexico Plant Based Food Market 12.2.4.3.1 Mexico Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.2.4.3.2 Mexico Plant Based Food Market, by Application 12.2.4.3.3 Mexico Plant Based Food Market, by Source 12.2.4.4 Rest of North America Plant Based Food Market 12.2.4.4.1 Rest of NA Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.2.4.4.2 Rest of NA Plant Based Food Market, by Application 12.2.4.4.3 Rest of NA Plant Based Food Market, by Source 12 European Plant Based Food Market (2018-2025) 12.3.1 Europe Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.3.2 Europe Plant Based Food Market, by Application 12.3.3 Europe Plant Based Food Market, by Source 12.3.4 Europe Plant Based Food Market, by Country 12.3.4.1 Germany Plant Based Food Market 12.3.4.1.1 Germany Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.3.4.1.2 Germany Plant Based Food Market, by Application 12.3.4.1.3 Germany Plant Based Food Market, by Source 12.3.4.2 UK Plant Based Food Market 12.3.4.2.1 Case Study 4- Royal Blackburn Teaching Hospital, United Kingdom 12.3.4.2.2 UK Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.3.4.2.3 UK Plant Based Food Market, by Application 12.3.4.2.4 UK Plant Based Food Market, by Source 12.3.4.3 France Plant Based Food Market 12.3.4.3.1 France Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.3.4.3.2 France Plant Based Food Market, by Application 12.3.4.3.3 France Plant Based Food Market, by Source 12.3.4.4 Rest of Europe Plant Based Food Market 12.3.4.4.1 Rest of EU Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.3.4.4.2 Rest of EU Plant Based Food Market, by Application 12.3.4.4.3 Rest of EU Plant Based Food Market, by Source 12 APAC Plant-Based Food Market (2018-2025) 12.4.1 Key Facts on Asia-Pacific Plant Based Food Market 12.4.2 Asia-Pacific Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.4.3 Asia-Pacific Plant Based Food Market, by Application 12.4.4 Asia-Pacific Plant Based Food Market, by Source 12.4.5 Asia-Pacific Plant Based Food Market, by Country 12.4.5.1 China Plant Based Food Market 12.4.5.1.1 China Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.4.5.1.2 China Plant Based Food Market, by Application 12.4.5.1.3 China Plant Based Food Market, by Source 12.4.5.2 Australia Plant Based Food Market 12.4.5.2.1 Australia Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.4.5.2.2 Australia Plant Based Food Market, by Application 12.4.5.2.3 Australia Plant Based Food Market, by Source 12.4.5.3 India Plant Based Food Market 12.4.5.3.1 India Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.4.5.3.2 India Plant Based Food Market, by Application 12.4.5.3.3 India Plant Based Food Market, by Source 12.4.5.4 Singapore Plant Based Food Market 12.4.5.4.1 Singapore Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.4.5.4.2 Singapore Plant Based Food Market, by Application 12.4.5.4.3 Singapore Plant Based Food Market, by Source 12.4.5.5 Rest of Asia-Pacific Plant Based Food Market 12.4.5.5.1 Rest of APAC Plant Based Food Market, by Product 2019-2025(US$ Mn) 12.4.5.5.2 Rest of APAC Plant Based Food Market, by Application 12.4.5.5.3 Rest of APAC Plant Based Food Market, by Source 13 Rest of the World Plant-Based Food Market (2018-2025) 12.5.1 ROW Plant Based Food Market, by Product 2019-2025 (US$ Mn) 12.5.2 ROW Plant Based Food Market, by Application 12.5.3 ROW Plant Based Food Market, by Source 13 COMPETITIVE SCENARIO 13 Porter’s Five Forces Analysis 13.1.1 Bargaining power of Buyer 13.1.2 Bargaining power of Supplier 13.1.3 Threat of new entrants 13.1.4 Availability of Substitute 13.1.5 Industry Rivalry 13 Plant-Based Food Market Share Analysis, 2018 14 TOP COMPANY PROFILES 14 SWEET EARTH FOODS 14.1.1 Key Facts 14.1.2 Business Description 14.1.3 Key Product/Services Offerings 14.1.4 Growth Strategy 14.1.5 SWOT Analysis 14.1.6 Recent Developments 14.1.6.1 Product launches 14.1.6.2 Sweet Earth Foods Business Expansions and Investment 14.1.6.3 Mergers and Acquisitions 14 Quorn Foods 14.2.1 Key Facts 14.2.2 Business Description 14.2.3 Key Product/Services Offerings 14.2.4 Growth Strategy 14.2.5 Key Insights on Reducing Environment Iimpact- 14.2.6 Impact of Quorn food 14.2.7 SWOT Analysis 14.2.8 Recent Developments 14.2.8.1 Product Launches 14.2.8.2 Partnerships 14.2.8.3 Business Expansion and Investments 14 Amy’s Kitchen, Inc 14.3.1 Key Facts 14.3.2 Business Description 14.3.3 Key Product/Services Offerings 14.3.4 Growth Strategy 14.3.5 SWOT Analysis 14.3.6 Recent Developments 14.3.6.1 Product launches 14.3.6.2 Partnership 14.3.6.3 Business expansion and Investment 14 Archer Daniel’s Midland 14.4.1 Key Facts 14.4.2 Business Description 14.4.3 Key Product/Services Offerings 14.4.4 Growth Strategy 14.4.5 SWOT Analysis 14.4.6 Key Financials 14.4.6.1 Revenue Split, by Region and Segment 14.4.7 Recent Developments 14.4.7.1 Product launches 14.4.7.2 Partnership 14.4.7.3 Business Expansion and Investment 14.4.7.4 Merger and Acquisition 15 Cauldron Foods 14.5.1 Key Facts 14.5.2 Business Description 14.5.3 Key Product/Services Offerings 14.5.4 Growth Strategy 14.5.5 SWOT Analysis 14.5.6 Recent Developments 14.5.6.1 Business Expansion 15 Morning Star Farms 14.6.1 Key Facts 14.6.2 Business Description 14.6.3 Key Product/Services Offerings 14.6.4 Growth Strategy 14.6.5 SWOT Analysis 14.6.6 Recent Developments 14.6.6.1 Product Launches 14.6.6.2 Business Expansion 15 Beyond Meat Company 14.7.1 Key Facts 14.7.2 Business Description 14.7.3 Key Product/Services Offerings 14.7.4 Growth Strategy 14.7.5 SWOT Analysis 14.7.6 Key Financials (2018-2019) 14.7.6.1 Revenue Split, by Region and Segment 14.7.7 Recent Developments 14.7.7.1 Product Launches 14.7.7.2 Partnership 14.7.7.3 Business Expansion 15 Impossible Food, Ltd. 14.8.1 Key Facts 14.8.1 Business Description 14.8.2 Key Product/Services Offerings 14.8.3 Growth Strategy 14.8.4 SWOT Analysis 14.8.5 Recent Developments 14.8.5.1 Business Expansion and Investment 15 Maple Leaf Food 14.9.1 Key Facts 14.9.2 Business Description 14.9.3 Brand Offerings 14.9.4 Growth Strategy 14.9.5 SWOT Analysis 14.9.6 Key Financials (2014-2018) 14.9.6.1 Revenue Split 14.9.7 Recent Developments 14.9.7.1 Product Launches 14.9.7.2 Partnership 14.9.7.3 Business Expansion and Investment 14.9.7.4 Mergers and Acquisition 14.10 Tofurky 14.10.1 Key Facts 14.10.2 Business Description 14.10.3 Key Product/Services Offerings 14.10.4 Growth Strategy 14.10.5 SWOT Analysis 14.10.6 Recent Developments 14.10.6.1 Product Launches 14.10.6.2 Business Expansion and Investment

Analyzing historical market, estimation of the current market and forecasting the future market for Plant-Based Food Market were the three major steps to create and analyse the overall market of Plant-Based Food sector globally. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Plant-Based Food market. After all the assumptions, market sizing and validation of market numbers through primary interviews, the top-down approach was employed to forecast the complete market size of global Plant-Based Food market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the sector. Detailed methodology is explained below: Analysis of Historical Market Size Step 1: In-Depth Study of Secondary Sources: Detail secondary study was conducted to obtain the historical market size of the Global Plant-Based Food sector through company internal sources such as annual report & financial statements of top players, performance presentations, press releases etc. and external sources including journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other credible publications. For economic data collection, sources such as World Bank, IMF, Trading Economics among others were used. Step 2: Market Segmentation: After obtaining the historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the Global Plant-Based Food sector. Major segments included in the report are by product, application, and source. Further analysis was also done for sub-segments of the major segments of Global Plant-Based Food market Step 3: Factor Analysis: After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the plant-based food globally. Factor analysis was conducted using dependent and independent variables such the consumer taste and preference for plant-based food, consumer willingness to purchasing such foods, etc. Historical trends of the global Plant-Based Food market and its year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied. Current Market Size Estimate & Forecast Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews. Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments in different regions/countries. The research methodology adopted to estimate the market size encompasses: The industry’s market size, in terms of value and rate of adoption of plant-based food

All percentage shares, splits, and breakdowns of market segments and sub-segments

Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing plant-based food market Market Size and Share Validation Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights. Split of Primary Participants Market Engineering Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Plant-Based Food market. Data was split into several segments & sub-segments post studying various parameters and trends in the application of Plant-Based Foods that is beverages, bakery and snacks, breakfast cereals, infant nutrition and other applications. Further, the source of Plant-Based Foods was also taken into consideration that included Soy protein, wheat protein and pea protein. Apart from this, the major regions of the world were taken into considerations including North America, European, Asia-Pacific and rest of the world. Main objective of the Global Plant-based Food Market Study The current & future market trends of the Global Plant-Based Food Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include: Analyze the current and forecast market size of Plant-based food sector in terms of value

Analyze the current and forecast market size of different segments and sub-segments of the global Plant-Based Food Market. Segments in the study include application, product and source

Define and describe the technologies and protocols used in the Plant-Based Food Market

Anticipate potential risk associated with the product

Customer and competitor analysis, etc.

Define and analysis of the government regulations for the Plant-Based Food Market in different regions

Analyze the current and forecast market size of Global Plant-Based Food Market, in terms of value for regions

Define and analyze the competitive landscape of the Global Plant-Based Food Market and the growth strategies adopted by the market players to sustain in the ever-growing market

Analyzing historical market, estimation of the current market and forecasting the future market for Plant-Based Food Market were the three major steps to create and analyse the overall market of Plant-Based Food sector globally. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Plant-Based Food market. After all the assumptions, market sizing and validation of market numbers through primary interviews, the top-down approach was employed to forecast the complete market size of global Plant-Based Food market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the sector. Detailed methodology is explained below: Analysis of Historical Market Size Step 1: In-Depth Study of Secondary Sources: Detail secondary study was conducted to obtain the historical market size of the Global Plant-Based Food sector through company internal sources such as annual report & financial statements of top players, performance presentations, press releases etc. and external sources including journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other credible publications. For economic data collection, sources such as World Bank, IMF, Trading Economics among others were used. Step 2: Market Segmentation: After obtaining the historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the Global Plant-Based Food sector. Major segments included in the report are by product, application, and source. Further analysis was also done for sub-segments of the major segments of Global Plant-Based Food market Step 3: Factor Analysis: After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the plant-based food globally. Factor analysis was conducted using dependent and independent variables such the consumer taste and preference for plant-based food, consumer willingness to purchasing such foods, etc. Historical trends of the global Plant-Based Food market and its year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied. Current Market Size Estimate & Forecast Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews. Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments in different regions/countries. The research methodology adopted to estimate the market size encompasses: The industry’s market size, in terms of value and rate of adoption of plant-based food

All percentage shares, splits, and breakdowns of market segments and sub-segments

Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing plant-based food market Market Size and Share Validation Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights. Split of Primary Participants Market Engineering Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Plant-Based Food market. Data was split into several segments & sub-segments post studying various parameters and trends in the application of Plant-Based Foods that is beverages, bakery and snacks, breakfast cereals, infant nutrition and other applications. Further, the source of Plant-Based Foods was also taken into consideration that included Soy protein, wheat protein and pea protein. Apart from this, the major regions of the world were taken into considerations including North America, European, Asia-Pacific and rest of the world. Main objective of the Global Plant-based Food Market Study The current & future market trends of the Global Plant-Based Food Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include: Analyze the current and forecast market size of Plant-based food sector in terms of value

Analyze the current and forecast market size of different segments and sub-segments of the global Plant-Based Food Market. Segments in the study include application, product and source

Define and describe the technologies and protocols used in the Plant-Based Food Market

Anticipate potential risk associated with the product

Customer and competitor analysis, etc.

Define and analysis of the government regulations for the Plant-Based Food Market in different regions

Analyze the current and forecast market size of Global Plant-Based Food Market, in terms of value for regions

Define and analyze the competitive landscape of the Global Plant-Based Food Market and the growth strategies adopted by the market players to sustain in the ever-growing market