Plant-based Food Ingredients Market Overview:
The Plant-based Food Ingredients Market is predicted to reach USD 15,245.8 billion by 2028, from USD 9124.6 billion in 2020, and in the world, sales of plant-based foods have grown 7.6% in the upcoming years. With this level of popularity of plant-based foods, the opportunities for F&B manufacturers are endless.Plant-based food ingredients are strictly extracted from plant sources including fruits, vegetables, plant roots and other parts of the plant. Food ingredients are food additives, which are added into food to achieve a desired effect. Rise in cases of intolerance for animal-based food products, growing vegan population, increasing vegan population, and significant venture investments in Plant-based product manufacturers are some of the key factors that drive growth of the Plant-based food ingredients market. Vegan food products, dairy and meat alternative products manufacturing companies are focused on research & development and launching products with clean label and Plant-based food labels, which further contributes toward growth of the market during the forecast period.
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According to the plant-based food ingredients market analysis, the market is segmented on the basis of type, application, and region. On the basis of type, the plant-based food ingredients market is categorized into emulsifiers, texturants, binding agents & stabilizers, cultures & probiotic ingredients, preservatives, enzymes, fibers, sweeteners, and others. On the basis of application, the market is segmented into, bakery, confectionery, beverages, snack products, ready meals, nutrition & supplements, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Geographically, parts of North America and Europe are contributing sizable revenue potential to the global plant-based food ingredients market. Growing population of vegan and flexitarian diets in the region has also fueled copious interest in meat and dairy alternatives made by plant-based ingredients. Growing shift toward minimally-processed and organic food and the growing preference of sportspersons toward plant-based protein underpin the high potential of the regional market. Meanwhile, numerous economies of Asia Pacific are witnessing sizable demand for plant-based ingredients among health-conscious population.
The Plant-based Food Ingredients Market is segmented as below:
Binding agents & stabilizers
Cultures & probiotic ingredients
Nutrition & supplements
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
A selection of companies mentioned in this report includes:
DuPont de Nemours, Inc.
International Flavors & Fragrances, Inc.
Tate & Lyle
Table of Contents
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key players in value chain
1.5. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Value chain analysis
3.4. Porter’s five forces analysis
3.5. Market dynamics
3.6. Top player positioning (2020)
3.7. Market share analysis (2020)
3.8 Parent market analysis
3.9. Impact of COVID-19 on the plant-based food ingredients market
CHAPTER 4: PLANT-BASED FOOD INGREDIENTS MARKET, BY TYPE
4.4. Binding agents & stabilizers
4.5. Cultures & probiotic ingredients
CHAPTER 7: COMPETITION LANDSCAPE
7.1. Top winning strategies
7.2. Product mapping
7.3. Competitive dashboard
7.4. Competitive heat map
7.5. Key developments
CHAPTER 8: COMPANY PROFILES
8.1. Archer-Daniels-Midland Company
8.2. Cargill Incorporated
8.3. Dupont De Nemours, Inc.
8.4. Ingredion Incorporated
8.5. International Flavors & Fragrances, Inc.
8.6. Kemin Industries
8.7. Kerry Group
8.9. Palsgaard A/S
8.10. Tate & Lyle
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