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March 31, 2020, 6:07 a.m. EDT

Plant-Based Food Market Companies Outlook and Forecast by 2030 | Players are Danone,Beyond Meat, SunOpta

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Mar 31, 2020 (Xherald via COMTEX) -- According to research, growing vegan population owing to rising awareness about healthy food. Moreover, factors such as increasing ethical concerns of people related to animal slaughter and rising health consciousness are anticipated to enhance market growth during the forecast period. Furthermore, extensive R&D by major companies & universities across the globe to introduce plant-based food with maximum safety and precision are expected to significantly contribute to the market expansion.

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Some prominent players in the global Plant-Based Food Market include

  1. Danone

  2. Beyond Meat

  3. Archer Daniels Midland Company

  4. Cargill Incorporated

  5. Fonterra Co-operative Group

  6. SunOpta

  7. Kellogg NA Co.


  9. P. (Campbell Soup Company)

  10. and Kerry Group plc. AMCO Proteins

  11. among others.

Markey Dynamics:

According to The Good Food Institute and the Plant-Based Foods Association (PBFA), plant-based food sale jumped to 11% last year. Several factors have been crucial in governing the rising preference for plant-based food including the growing demand for organic products across developing countries and rising awareness about a health lifestyle. These foods are deemed to be environmentally safe as they account for lesser carbon credits when compared with their meat-based counterpart. Making people shift from the acquired and traditional taste of dairy products in addition to the changing perception and alternative protein sources such as animal-based protein and synthetic protein create restrains for the global plant-based protein market.

Market Segmentation:


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