Plant-Based Food Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 (India,US,UK)
                     Plant-Based Food 
Market
Industry Analysis, Size, Share, 
Growth, Trends, and Forecast 
(2021-2026)
The Plant-Based Food Market stood at US$ 23,010.7 million in 2019 and 
is expected to grow at a CAGR of 14.87% during the forecast period 
2A0 2m1o-2re6 . sustainable future requires taking action to ensure healthier food 
practices in healthcare facilities. There is a growing movement towards 
embedding climate-friendly practices in many sectors of society; the healthcare 
sector has a unique opportunity to protect environmental and public health, 
which can be achieved by implementing sustainable food practices in healthcare 
facilities. Only an estimated 10% of plant protein sources are currently being 
utilized. With the rise in demand for plant protein, along with the move towards 
allergen-friendly ingredients, a greater variety of plant sources will likely be used. 
Consumers are increasingly considering such factors as health, sustainability, 
and social impact in making their food decisions.
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Healthcare institutions are significant providers of food services, offering staff 
and patients at least three meals a day. In 2017, the American Medical 
Association adopted a resolution calling on hospitals to provide more plant-based 
meals and remove processed meats to improve hospital food environments. The 
most complete population nutritional guidelines are those published by the 
WHO/FAO based on the best currently available scientific evidence on the 
relationship of diet, nutrition, and physical activity to chronic diseases with a 
global perspective. The WHO experts emphasize that energy consumed each day 
should match energy expenditure to prevent weight gain. The increasing year on 
year awareness regarding the “Veganuary” and the fact that major multiple 
retailers have rapidly expanded their shelf space and own label new product 
development for plant-based products underline the growth in the sector.
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foods-2019-2026
The plant-based foods are segmented into Plant-Based Milk, Plant-Based 
Meat, Plant-Based Creamer, Plant-Based Cheese, Plant-Based Yogurt, Plant-
Based Butter, and Other Plant-Based Products based on the product type. 
The dominance of the milk category is driven by the growth in dairy 
alternative drinks such as soy, nut, coconut, and other plant-based milk and 
an increasing number of lactose intolerance populations across the world.
Based on the application, the global plant-based food market is 
segmented beverages, bakery and snacks, breakfast cereals, infant 
nutrition, and other applications. Plant-based beverages and other dairy-
alternative beverages are gaining a significant consumer base, driven most 
recently by people’s increased focus on health and sustainability as well as 
the fact that there are simply more high-quality products available for 
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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. For instance, in 
2019, The Vegetarian Butcher announced its first deal with a major restaurant 
chain. Unilever then started supply 100% plant-based patties for Burger King’s 
‘Rebel Whopper’ to over 2,500 stores in 25 countries in EMEA.
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