PUBLISHER: Renub Research | PRODUCT CODE: 1408300
PUBLISHER: Renub Research | PRODUCT CODE: 1408300
United States Plant Based Food Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
United States Plant Based Food Market size is predicted to gain US$ 19.07 Billion by 2030, in line with Renub Research. Plant-based ingredients are an increasingly more famous meals choice this is crafted from plant based sources and free from dairy or meat. These components are gaining traction due to their nutritional value, excessive protein content, abundance of minerals and vitamins, and their environmentally-pleasant nature. Similarly, meat alternatives, which are products made to flavor, smell, and seem like real meat however are healthier than meat, also are gaining a popularity. The substances used in these meat alternatives are soy, wheat, and peas.
The plant-based food market in the United States is predicted to grow steadily because of the growing demand for nutritious and eco-friendly options. Many companies have recounted this demand and are introducing plant-based meals items with clean labels and plant-based components. However, the increasing cost of plant based food may additionally avoid growth, especially in countries with low consumer per capita income.
The reputation of plant-based products is on the upward thrust, and it is a trend that is in all likelihood to continue within the United States. With its numerous benefits, along with environmental sustainability and dietary value, this meals choice is increasingly turning attractive to customers.
United States plant-based food market is predicted to grow at a CAGR of 11.54% between 2024 and 2030
The US plant based food industry has visible an upward thrust in recent decade due to consumer' growing awareness on decreasing animal product intake. Plant-based meat is gaining more significance, specifically in the context of vegan diets, which involve avoiding animal based foods altogether. People adopt this way of life for numerous motives, consisting of fitness and ethical issues, promoting sustainability, and preventing animal cruelty in their food and beverages. The market for plant based food is rising, pushed by factors like health concerns, environmental focus, and changing consumer possibilities. The trend towards plant based diets and alternative proteins have been gaining momentum within the United States, and the market is expected to develop even more in the coming years.
The food market is currently experiencing a surge in preference for plant-based diets, along with vegetarian, vegan, and flexitarian, fueled by rising health cognizance and interest in sustainable meal alternatives. According to Amy's Kitchen in April 2023 confirmed that 52% of Americans expressed an interest in vegan food. The US plant-based food market became valued at US$ 8.88 Billion in 2023.
Meat alternatives will represent maximum share in the plant-based food market in the United States
By Segments, The United States Plant-Based Food Market is segmented into Milk, Meat, Meals, Ice Cream, Yogurt, Creamer, Butter, Cheese, Tofu and Tempeh, Ready to drink Beverages, Condiments, Dressings, and Mayo, Spreads, Dips, Sour Cream and Sauces, Eggs, and Others. The plant-based meat industry inside the US is anticipated to increase appreciably because of the rising reputation of vegetarian and vegan diets. Soy based meat alternatives are becoming increasingly renowned because of their meat-like texture and flavors. Brands and startups inside the US are introducing soy-based products to cater to the developing demand, driven through consumer' desire for allergen-loose ingredients, health interest, sustainability problems, and advanced taste and availability of plant-based products in grocery stores.
Lion's revenue share in the United States plant-based food market is held by Quick Service Restaurants (QSR)
The US plant based food market is segmented into various categories: quick-provider eating places (QSR), full-provider restaurants, education, healthcare, lodging/casinos, recreation, commercial enterprise and industry, and others. The QSR industry in the US is booming, thanks to the factor including fast urbanization, growing disposable income, and advancement in flavors and capabilities. There has been an extensive growth inside the popularity of plant based meat, with several fast food chains globally leaping on the trend. KFC, for instance, has become the first fast food chain to introduce a plant based chicken product to its menu. In January 2022, KFC delivered Beyond Fried Chicken nuggets made from plant-based meat to its menu in the US, marking a substantial milestone within the food market journey towards sustainable and ethical meals manufacturing.
Key Player
Some of the predominant companies in the Plant-Based Food Market of the US are Beyond Meat Inc., Conagra Brands, Maple Leaf Food Inc., Archer Daniels Midland, US Foods Holding Corp, Kellanova, Tyson Foods, and Hormel Foods Corporation.
Renub Research report title "United States Plant-Based Food Market" By Segments (into Milk, Meat, Meals, Ice Cream, Yogurt, Creamer, Butter, Cheese, Tofu and Tempeh, Ready to Drink Beverages, Condiments, Dressings, and Mayo, Spreads, Dips, Sour Cream and Sauces, Eggs, and Others) By Food Services(quick-service restaurants (QSR), full-service restaurants, education, healthcare, lodging/casino, recreation, business and industry, and others) Company (Beyond Meat Inc., Conagra Brands, Maple Leaf Food Inc., Archer Daniels Midland, US Foods Holding Corp, Kellanova, Tyson Foods, and Hormel Foods Corporation)" provides in-depth analysis on current trends on the United States Plant-Based Food Industry.
Segments - Market breakup from 14 Viewpoints
- 1. Milk
- 2. Meat
- 3. Meals
- 4. Ice Cream
- 5. Yogurt
- 6. Creamer
- 7. Butter
- 8. Cheese
- 9. Tofu and Tempeh
- 10. Ready to Drink Beverages
- 11. Condiments, Dressings and Mayo
- 12. Spreads, Dips, Sour Cream and Sauces
- 13. Eggs
- 14. Others
Food Services - Market breakup from 8 Viewpoints
- 1. Quick Service Restaurants (QSR)
- 2. Full Service Restaurants
- 3. Education
- 4. Healthcare
- 5. Lodging/Casino
- 6. Recreation
- 7. Business and Industry
- 8. Others
Merger and Acquisitions
All companies have been covered from 3 Viewpoints
- Overviews
- Recent Developments
- Revenues
Company Analysis - Market breakup from 8 Viewpoint
- 1. Beyond Meat Inc.
- 2. Conagra Brands
- 3. Maple Leaf Food Inc.
- 4. Archer Daniels Midland
- 5. US Foods Holding Corp
- 6. Kellanova
- 7. Tyson Foods
- 8. Hormel Foods Corporation
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. United States Plant Based Food Market
6. Market Share - United States Plant Based Food Market
- 6.1 By Segments
- 6.2 By Food Service
7. Segments - United States Plant Based Food Market
- 7.1 Milk
- 7.2 Meat
- 7.3 Meals
- 7.4 Ice Cream
- 7.5 Yogurt
- 7.6 Creamer
- 7.7 Butter
- 7.8 Cheese
- 7.9 Tofu and Tempeh
- 7.10 Ready to drink Beverages
- 7.11 Condiments, Dressings and Mayo
- 7.12 Spreads, Dips, Sour Cream and Sauces
- 7.13 Eggs
- 7.14 Others
8. Food Service - United StatesPlant Based Food Market
- 8.1 Quick Service Restaurants (QSR)
- 8.2 Full Service Restaurants
- 8.3 Education
- 8.4 Healthcare
- 8.5 Lodging/Casino
- 8.6 Recreation
- 8.7 Business and Industry
- 8.8 Others
9. Porter's Five Forces Analysis - United States Plant Based Food Market
- 9.1 Bargaining Power of Buyers
- 9.2 Bargaining Power of Suppliers
- 9.3 Degree of Rivalry
- 9.4 Threat of New Entrants
- 9.5 Threat of Substitutes
10. SWOT Analysis - United StatesPlant Based Food Market
- 10.1 Strength
- 10.2 Weakness
- 10.3 Opportunity
- 10.4 Threat
11. Key Players Analysis
- 11.1 Beyond Meat
- 11.1.1 Overview
- 11.1.2 Recent Development
- 11.1.3 Revenue Analysis
- 11.2 Conagra Brands
- 11.2.1 Overview
- 11.2.2 Recent Development
- 11.2.3 Revenue Analysis
- 11.3 Maple Leaf Foods Inc.
- 11.3.1 Overview
- 11.3.2 Recent Development
- 11.3.3 Revenue Analysis
- 11.4 Tyson Foods Inc.
- 11.4.1 Overview
- 11.4.2 Recent Development
- 11.4.3 Revenue Analysis
- 11.5 Kellanavo
- 11.5.1 Overview
- 11.5.2 Recent Development
- 11.5.3 Revenue Analysis
- 11.6 Archer Daniels Midland
- 11.6.1 Overview
- 11.6.2 Recent Development
- 11.6.3 Revenue Analysis
- 11.7 US Foods Holding
- 11.7.1 Overview
- 11.7.2 Recent Development
- 11.7.3 Revenue Analysis
- 11.8 Hormel Foods Corporation
- 11.8.1 Overview
- 11.8.2 Recent Development
- 11.8.3 Revenue Analysis
List of Figures
- Figure-01: United States - Plant Based Food Market (Billion US$), 2019 - 2023
- Figure-02: United States - Forecast for Plant Based Food Market (Billion US$), 2024 - 2030
- Figure-03: Segment - Milk Market (Million US$), 2019 - 2023
- Figure-04: Segment - Forecast for Milk Market (Million US$), 2024 - 2030
- Figure-05: Segment - Meat Market (Million US$), 2019 - 2023
- Figure-06: Segment - Forecast for Meat Market (Million US$), 2024 - 2030
- Figure-07: Segment - Meals Market (Million US$), 2019 - 2023
- Figure-08: Segment - Forecast for Meals Market (Million US$), 2024 - 2030
- Figure-09: Segment - Ice Cream Market (Million US$), 2019 - 2023
- Figure-10: Segment - Forecast for Ice Cream Market (Million US$), 2024 - 2030
- Figure-11: Segment - Yogurt Market (Million US$), 2019 - 2023
- Figure-12: Segment - Forecast for Yogurt Market (Million US$), 2024 - 2030
- Figure-13: Segment - Creamer Market (Million US$), 2019 - 2023
- Figure-14: Segment - Forecast for Creamer Market (Million US$), 2024 - 2030
- Figure-15: Segment - Butter Market (Million US$), 2019 - 2023
- Figure-16: Segment - Forecast for Butter Market (Million US$), 2024 - 2030
- Figure-17: Segment - Cheese Market (Million US$), 2019 - 2023
- Figure-18: Segment - Forecast for Cheese Market (Million US$), 2024 - 2030
- Figure-19: Segment - Tofu and Tempeh Market (Million US$), 2019 - 2023
- Figure-20: Segment - Forecast for Tofu and Tempeh Market (Million US$), 2024 - 2030
- Figure-21: Segment - Ready to Drink Beverages Market (Million US$), 2019 - 2023
- Figure-22: Segment - Forecast for Ready to Drink Beverages Market (Million US$), 2024 - 2030
- Figure-23: Segment - Condiments, Dressings and Mayo Market (Million US$), 2019 - 2023
- Figure-24: Segment - Forecast for Condiments, Dressings and Mayo Market (Million US$), 2024 - 2030
- Figure-25: Segment - Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2019 - 2023
- Figure-26: Segment - Forecast for Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2024 - 2030
- Figure-27: Segment - Eggs Market (Million US$), 2019 - 2023
- Figure-28: Segment - Forecast for Eggs Market (Million US$), 2024 - 2030
- Figure-29: Segment - Others Market (Million US$), 2019 - 2023
- Figure-30: Segment - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-31: Food Service - Quick Service Restaurants (QSR) Market (Million US$), 2019 - 2023
- Figure-32: Food Service - Forecast for Quick Service Restaurants (QSR) Market (Million US$), 2024 - 2030
- Figure-33: Food Service - Full Service Restaurants Market (Million US$), 2019 - 2023
- Figure-34: Food Service - Forecast for Full Service Restaurants Market (Million US$), 2024 - 2030
- Figure-35: Food Service - Education Market (Million US$), 2019 - 2023
- Figure-36: Food Service - Forecast for Education Market (Million US$), 2024 - 2030
- Figure-37: Food Service - Healthcare Market (Million US$), 2019 - 2023
- Figure-38: Food Service - Forecast for Healthcare Market (Million US$), 2024 - 2030
- Figure-39: Food Service - Lodging/Casino Market (Million US$), 2019 - 2023
- Figure-40: Food Service - Forecast for Lodging/Casino Market (Million US$), 2024 - 2030
- Figure-41: Food Service - Recreation Market (Million US$), 2019 - 2023
- Figure-42: Food Service - Forecast for Recreation Market (Million US$), 2024 - 2030
- Figure-43: Food Service - Business and Industry Market (Million US$), 2019 - 2023
- Figure-44: Food Service - Forecast for Business and Industry Market (Million US$), 2024 - 2030
- Figure-45: Food Service - Others Market (Million US$), 2019 - 2023
- Figure-46: Food Service - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-47: Beyond Meat - Global Revenue Market (Million US$), 2019 - 2023
- Figure-48: Beyond Meat - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-49: Conagra Brands - Global Revenue Market (Million US$), 2019 - 2023
- Figure-50: Conagra Brands - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-51: Maple Leaf Foods Inc. - Global Revenue Market (Million US$), 2019 - 2023
- Figure-52: Maple Leaf Foods Inc. - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-53: Tyson Foods Inc. - Global Revenue Market (Million US$), 2019 - 2023
- Figure-54: Tyson Foods Inc. - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-55: Kellanavo - Global Revenue Market (Million US$), 2019 - 2023
- Figure-56: Kellanavo - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-57: Archer Daniels Midland - Global Revenue Market (Million US$), 2019 - 2023
- Figure-58: Archer Daniels Midland - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-59: US Foods Holding - Global Revenue Market (Million US$), 2019 - 2023
- Figure-60: US Foods Holding - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-61: Hormel Foods Corporation - Global Revenue Market (Million US$), 2019 - 2023
- Figure-62: Hormel Foods Corporation - Forecast for Global Revenue Market (Million US$), 2024 - 2030
List of Tables
- Table-01: United States - Plant Based Food Market Share by Segments (Percent), 2019 - 2023
- Table-02: United States - Forecast for Plant Based Food Market Share by Segments (Percent), 2024 - 2030
- Table-03: United States - Plant Based Food Market Share by Food Service (Percent), 2019 - 2023
- Table-04: United States - Forecast for Plant Based Food Market Share by Food Service (Percent), 2024 - 2030
