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Who are the Top Players in the Plant Based Food Market?

In recent times, baseline expectations of the consumers around the world from the products they consume have risen dramatically. The need to have clean, simple and sustainable food ingredients is increasing owing to the heightened consumer awareness. The concept of wellness has led to an increased demand for plant based food, making it a top notch solution for all the consumers seeking sustainable meat based alternatives.<br>For more details, visit: https://www.futuremarketinsights.com/blogs/plant-based-food<br>

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Who are the Top Players in the Plant Based Food Market?

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  1. www.futuremarketinsights.com https://pbfia.org

  2. Sanjay Sethi SudipSaha Executive Director, Plant Based Foods Industry Association Chief Executive Officer FMI “The Indian plant-based industry will see explosive growth with a significant surge foreseen in fresh investments, new product development, and ingredient innovation. We can work together to ride the wave and be vital global contributors” “By 2035, ~20% of meat, eggs, and dairy eaten around the world is expected to be plant based. The shift towards plant based diet is evident and inevitable to create a smarter and sustainable global food system”

  3. Why is the world moving to plant based?

  4. The Plant Based Revolution www.futuremarketinsights.com https://pbfia.org

  5. A Burgeoning Health Conscious and Ethical Society

  6. The Plant Based Revolution Consumer motivation of turning to plant based Flexitarianism and Veganism on the Rise: www.futuremarketinsights.com https://pbfia.org

  7. An Investment Hotspot: Plant based industry witnessed a record rise in Investments since 2019!

  8. The Plant Based Revolution US$ 1.2 Billion 3 1 US$ 248 Million US$ 220 Million This is 3X more than in any single year in the industry’s history US$ 310 Million As of 2020 and 2021, the alternative protein industry raised US$ 4 billion in investments. >50% of global F&B brands to invest NPD and R&D budgets in plant-based products 2 63 US$ 35 Million 42 25 7 3 • North • America • Latin • America • Europe • Asia Pacific • Middle East No. of Deals www.futuremarketinsights.com https://pbfia.org

  9. Key Statistics on the Plant-based Food Industry

  10. The Plant Based Revolution This market is growing 4-7 times as fast as the traditional market 1 US$ 34 Billion 30.7% Valued at US$ 5.6 Billion in FY 2021, the global market for the plant-based meat industry is likely to surpass US$ 34 Billion by 2030, experiencing an incline of over 22% in terms of value CAGR US$ 5.6 Billion 22% CAGR Plant-based chicken has 30.7% market share in 2021 Plant based fish likely to see strong sustained growth over the years 2021 2030 www.futuremarketinsights.com https://pbfia.org

  11. Source: Future Market Insights

  12. The Plant Based Revolution Plant based meat v/s Dairy Alternatives: Price v/s Growth Assessment 2017-2021 Plant based meat v/s Dairy Alternatives: Growth projections 2022-2032 Source: Future Market Insights www.futuremarketinsights.com https://pbfia.org

  13. The Plant Based Revolution The Indian plant based market is likely to reach US$400-450 Million in next 5 years Consumer Awareness of Plant - Based foods in India Consumptions patterns in India for plant based food: Based on PBFIA Position “The Dawn of a Plant Based Age” Awareness among consumers who did not consume plant based foods 100% • Awareness Use in Last 80% 12 Months 60% 40% 20% 0% Any Plant-based milk • Vegan • Cheese • Packaged • Tofu • Vegan • yoghurt Among consumers who consumed plant based food: www.futuremarketinsights.com https://pbfia.org

  14. The Plant Based Revolution Innovation in Ingredients: Plant-based proteins still tops the list! www.futuremarketinsights.com https://pbfia.org

  15. The Plant based battlefield!

  16. The Plant Based Revolution Hear from the Industry: Future Market Insights and PBFIA spoke to the industry about the market lifecycle, competitive factors, what it takes to win in this market and how to achieve scale. Here are some excerpts from the interviews. www.futuremarketinsights.com https://pbfia.org

  17. The Plant Based Revolution Hear from the Industry: Future Market Insights and PBFIA spoke to the industry about the market lifecycle, competitive factors, what it takes to win in this market and how to achieve scale. Here are some excerpts from the interviews. www.futuremarketinsights.com https://pbfia.org

  18. The Plant Based Revolution Hear from the Industry: Future Market Insights and PBFIA spoke to the industry about the market lifecycle, competitive factors, what it takes to win in this market and how to achieve scale. Here are some excerpts from the interviews. www.futuremarketinsights.com https://pbfia.org

  19. What constrains this industry and top strategies to succeed

  20. Future proofing is need of the hour Be price competitive • Players must anticipate future supply/demand • Automation in production/factory shocks, price fluctuations floor to reduce costs • Have flexible and scalable design strategies • Scaling up productions to optimize and business models on costs Right investment partner Plug into existing supply chains • Due to the novelty of the plant based market, • Setting up own supply chains can be it is investment intensive especially for product cost intensive. Pluggin into existing development, R&D, ingredient sourcing networks also using intelligent • Finding the right partne r , also building more packaging options and innovative awareness will be key to opening up the technologies is one way to improve logistics investment market Overcome sourcing challenges Focus on product formulations • T o o f fset such sourcing challenges, • Flexitarians evaluate plant-based products by focusing brand owners need to diversify their on taste, appearance, and texture. This requires strong ingredient profile, at the same time focus on novel techniques towards product form cooperatives with local farmers development, improving functionality of ingredients, in order to source sustainabl y . fortifying products with macro and micro nutrients to provide the same if not more nutritional value like animal products The Plant Based Revolution Recommendations For Organizations For Transformative and Sustained Growth In The Plant Based Industry www.futuremarketinsights.com https://pbfia.org

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