Market by Type, Ingredient, Storage, Sales Channel, and Country Outlook | Forecast 2023-2030
Triton Market Research predicts that North America’s plant-based food and beverage market is expected to advance at a compound annual growth rate of 10.73% over the forecast period 2023 to 2030.
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The
countries researched in the region are:
•
Canada
•
United States
North America has a growing demand for
plant-based food and beverages driven by the desire for nutritional foods and
healthy diets. The popularity of veganism is increasing, with over 9.5 million
Americans consuming plant-based products. The growing appetite for plant-based
foods has sparked a wave of innovative options that appeal to health-conscious
consumers across the region. The rise in food allergies and related illnesses
from animal-based products is expected to further drive the plant-based food
and beverage market across North America.
The United States dominates the North American plant-based food and beverage market. Several prominent plant-based meat producers have set up operations with a focus on R&D. For instance, the biomimicry method pioneered by companies like Impossible Foods and Beyond Meat has generated various opportunities for the studied market. Additionally, the increased investments and distribution channel expansion have contributed to the US market’s growth. The nation also benefits from a growing veganism trend, particularly among the young demographic.
Wheat gluten, extracted as a by-product during
starch isolation from wheat flour, is widely used in plant-based food
processing due to its binding and dough-forming abilities. It enhances taste
and modifies texture while being low in GHG emissions, making it popular for
meat replacement.
The
plant-based food and beverage market is segmented into the sales channel,
storage, type, and ingredient. The ingredient section is divided into wheat, coconut, soy, almond,
cashew, pea, and other ingredients.
The prominent plant-based food and
beverage market companies include The Hain Celestial Group Inc, Beyond
Meat Inc, The Archer-Daniels-Midland Company (ADM), General Mills Inc, Meatless
Farm, and Beyond Meat Inc.
The Hain Celestial Group Inc is a manufacturer and marketer of organic
and natural products. Its diverse product portfolio includes food for children,
rice, grain-based products, plant-based beverages, frozen desserts, flour and
bakery products, cereal bars, soups, and yogurts. It sells products under
brands such as Soy Dream, The Greek Gods, Spectrum, Sun-Pat, Westbrae, Natumi,
Ella’s Kitchen, and Celestial Seasonings. The company operates across multiple
regions, with headquarters located in Lake Success, New York, the US.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the plant-based food and beverage market revenue growth in North America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the NA
plant-based food and beverage market’s growth during the upcoming years
Want to get specific insights? Our team of analysts
can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE PLANT-BASED FOOD AND BEVERAGE MARKET
2.1.1. COVID-19
IMPACT
2.2. KEY
INSIGHTS
2.2.1. AWARENESS
ABOUT ANIMAL WELFARE AND FOOD SAFETY
2.2.2. FAVORABLE
INITIATIVES BY GOVERNMENTS AND ASSOCIATIONS
2.2.3. DEMAND
FOR PLANT-BASED SEAFOOD
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
MATURITY ANALYSIS
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIAL SUPPLIERS
2.5.2. FOOD
MANUFACTURERS
2.5.3. DISTRIBUTORS
2.5.4. END-USERS
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. COLLABORATIONS
2.7.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.7.4. ACQUISITIONS
2.8. MARKET
DRIVERS
2.8.1. SHIFT
TOWARDS VEGANISM
2.8.2. RISING
LACTOSE INTOLERANCE
2.8.3. ADVANTAGES
OF PLANT-BASED DIET
2.9. MARKET
CHALLENGES
2.9.1. HIGH
COST OF PLANT-BASED PRODUCTS
2.9.2. LIMITED
AWARENESS
2.9.3. DISPARITY
OF VIEWPOINTS BETWEEN DAIRY AND PLANT-BASED FOOD AND BEVERAGES
2.10. MARKET
OPPORTUNITIES
2.10.1. SUSTAINABLE
PRODUCTS AND RECYCLABLE PACKAGING
2.10.2. REVOLUTIONARY
MANUFACTURING PROCEDURES
2.10.3. INNOVATION
AND DIVERSITY IN PLANT-BASED FOOD AND BEVERAGES
2.11. ANALYST
PERSPECTIVE
3. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY TYPE
3.1. PLANT-BASED
DAIRY DERIVATIVES
3.1.1. PLANT-BASED
ICE CREAM AND FROZEN DESSERTS
3.1.2. PLANT-BASED
CHEESE
3.1.3. PLANT-BASED
YOGURT
3.1.4. PLANT-BASED
CREAMER
3.1.5. PLANT-BASED
DAIRY SPREADS AND DIPS
3.2. PLANT-BASED
MEAT SUBSTITUTES
3.2.1. TEXTURED
VEGETABLE PROTEIN
3.2.2. TOFU
3.2.3. TEMPEH
3.2.4. MYCOPROTEIN,
SEITAN, AND OTHER MEAT SUBSTITUTES
3.3. PLANT-BASED
NUTRITION/SNACK BARS
3.4. PLANT-BASED
BAKERY PRODUCTS
3.5. PLANT-BASED
BEVERAGES
3.5.1. PLANT-BASED
MILK
3.5.1.1. SOY
MILK
3.5.1.2. ALMOND
MILK
3.5.1.3. OTHER
PLANT-BASED MILK
3.5.2. PACKAGED
SMOOTHIES
3.5.3. COFFEE
3.5.4. TEA
3.5.5. OTHER
PLANT-BASED BEVERAGES
3.6. OTHER
PLANT-BASED TYPE PRODUCTS
4. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY INGREDIENT
4.1. SOY
4.2. WHEAT
4.3. PEA
4.4. COCONUT
4.5. ALMOND
4.6. CASHEW
4.7. OTHER
INGREDIENTS
5. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY STORAGE
5.1. FROZEN
5.2. REFRIGERATED
5.3. SHELF-STABLE
6. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET - BY SALES CHANNEL
6.1. OFFLINE
SALES CHANNEL
6.1.1. SUPERMARKETS/HYPERMARKETS
6.1.2. CONVENIENCE
STORES
6.1.3. SPECIALTY
STORES
6.1.4. OTHER
OFFLINE SALES CHANNELS
6.2. ONLINE
SALES CHANNEL
7. NORTH
AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET – BY COUNTRY OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY TYPE
7.1.1.1. MARKET
BY DAIRY DERIVATIVES
7.1.1.2. MARKET
BY MEAT SUBSTITUTES
7.1.1.3. MARKET
BY PLANT-BASED BEVERAGES
7.1.1.3.1. MARKET
BY PLANT-BASED MILK
7.1.2. MARKET
BY INGREDIENT
7.1.3. MARKET
BY STORAGE
7.1.4. MARKET
BY SALES CHANNEL
7.1.4.1. MARKET
BY OFFLINE SALES CHANNEL
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.1.1. UNITED
STATES PLANT-BASED FOOD AND BEVERAGE MARKET FORECAST & PROSPECTS
7.1.5.2. CANADA
7.1.5.2.1. CANADA
PLANT-BASED FOOD AND BEVERAGE MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. GENERAL
MILLS INC
8.1.1. OVERVIEW
8.1.2. PRODUCT
PORTFOLIO
8.1.3. KEY
STRENGTHS
8.1.4. KEY
CHALLENGES
8.2. DANONE
SA
8.2.1. OVERVIEW
8.2.2. PRODUCT
PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGES
8.3. CONAGRA
BRANDS INC
8.3.1. OVERVIEW
8.3.2. PRODUCT
PORTFOLIO
8.3.3. KEY
STRENGTHS
8.3.4. KEY
CHALLENGES
8.4. THE
HAIN CELESTIAL GROUP INC
8.4.1. OVERVIEW
8.4.2. PRODUCT
PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY
CHALLENGES
8.5. BLUE
DIAMOND GROWERS
8.5.1. OVERVIEW
8.5.2. PRODUCT
PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. THE
ARCHER-DANIELS-MIDLAND COMPANY (ADM)
8.6.1. OVERVIEW
8.6.2. PRODUCT
PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY
CHALLENGES
8.7. NESTLÉ
SA
8.7.1. OVERVIEW
8.7.2. PRODUCT
PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGES
8.8. IMPOSSIBLE
FOODS INC
8.8.1. OVERVIEW
8.8.2. PRODUCT
PORTFOLIO
8.9. AMY’S
KITCHEN INC
8.9.1. OVERVIEW
8.9.2. PRODUCT
PORTFOLIO
8.10. BEYOND
MEAT INC
8.10.1. OVERVIEW
8.10.2. PRODUCT
PORTFOLIO
8.11. CAMPBELL
SOUP COMPANY
8.11.1. OVERVIEW
8.11.2. PRODUCT
PORTFOLIO
8.12. DAIYA
FOODS INC
8.12.1. OVERVIEW
8.12.2. PRODUCT
PORTFOLIO
8.13. LIVING
HARVEST FOODS INC
8.13.1. OVERVIEW
8.13.2. PRODUCT
PORTFOLIO
8.14. MEATLESS
FARM
8.14.1. OVERVIEW
8.14.2. PRODUCT
PORTFOLIO
8.15. KEVITA
INC
8.15.1. OVERVIEW
8.15.2. PRODUCT
PORTFOLIO
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK,
2023-2030 (IN $ MILLION)
TABLE
2: COUNTRY-WISE REGULATORY FRAMEWORK FOR PLANT-BASED FOOD AND BEVERAGE
TABLE
3: LIST OF PRODUCT LAUNCHES
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
TABLE
6: LIST OF ACQUISITIONS
TABLE
7: VEGANISM AROUND NORTH AMERICA
TABLE
8: POPULATION PERCENTAGE OF LACTOSE-INTOLERANT PEOPLE ACROSS NORTH AMERICA
TABLE
9: ANNUAL CONSUMPTION OF COW MILK IN NORTH AMERICA, BY COUNTRY OUTLOOK
TABLE
10: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2023-2030 (IN
$ MILLION)
TABLE
11: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY
DERIVATIVES, 2023-2030 (IN $ MILLION)
TABLE
12: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT
SUBSTITUTES, 2023-2030 (IN $ MILLION)
TABLE
13: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED
BEVERAGES, 2023-2030 (IN $ MILLION)
TABLE
14: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK,
2023-2030 (IN $ MILLION)
TABLE
15: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY INGREDIENT,
2023-2030 (IN $ MILLION)
TABLE
16: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY STORAGE, 2023-2030
(IN $ MILLION)
TABLE
17: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SALES CHANNEL,
2023-2030 (IN $ MILLION)
TABLE
18: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES
CHANNEL, 2023-2030 (IN $ MILLION)
TABLE
19: NORTH AMERICA PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK,
2023-2030 (IN $ MILLION)
FIGURE 1: MARKET MATURITY
ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 4: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY DERIVATIVES,
2023-2030 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY DERIVATIVES, 2022
& 2030 (IN %)
FIGURE 6: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED ICE CREAM AND FROZEN
DESSERTS, 2023-2030 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED CHEESE, 2023-2030 (IN $
MILLION)
FIGURE 8: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED YOGURT, 2023-2030 (IN $
MILLION)
FIGURE 9: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED CREAMER, 2023-2030 (IN $
MILLION)
FIGURE 10: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY SPREADS AND DIPS,
2023-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT SUBSTITUTES,
2023-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT SUBSTITUTES, 2022
& 2030 (IN %)
FIGURE 13: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEXTURED VEGETABLE PROTEIN, 2023-2030
(IN $ MILLION)
FIGURE 14: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY TOFU, 2023-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEMPEH, 2023-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY MYCOPROTEIN, SEITAN, AND OTHER MEAT
SUBSTITUTES, 2023-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED NUTRITION/SNACK BARS,
2023-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BAKERY PRODUCTS, 2023-2030
(IN $ MILLION)
FIGURE 19: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BEVERAGES, 2023-2030 (IN $
MILLION)
FIGURE 20: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED BEVERAGES, 2022 & 2030
(IN %)
FIGURE 21: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK, 2023-2030 (IN $
MILLION)
FIGURE 22: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MILK, 2022 & 2030 (IN
%)
FIGURE 23: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY MILK, 2023-2030 (IN $ MILLION)
FIGURE 24: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND MILK, 2023-2030 (IN $ MILLION)
FIGURE 25: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED MILK, 2023-2030 (IN
$ MILLION)
FIGURE 26: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PACKAGED SMOOTHIES, 2023-2030 (IN $
MILLION)
FIGURE 27: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY COFFEE, 2023-2030 (IN $ MILLION)
FIGURE 28: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY TEA, 2023-2030 (IN $ MILLION)
FIGURE 29: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED BEVERAGES, 2023-2030
(IN $ MILLION)
FIGURE 30: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER PLANT-BASED TYPE PRODUCTS,
2023-2030 (IN $ MILLION)
FIGURE 31: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY INGREDIENT, 2022 & 2030 (IN %)
FIGURE 32: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2023-2030 (IN $ MILLION)
FIGURE 33: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2023-2030 (IN $ MILLION)
FIGURE 34: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY PEA, 2023-2030 (IN $ MILLION)
FIGURE 35: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY COCONUT, 2023-2030 (IN $ MILLION)
FIGURE 36: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2023-2030 (IN $ MILLION)
FIGURE 37: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY CASHEW, 2023-2030 (IN $ MILLION)
FIGURE 38: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER INGREDIENTS, 2023-2030 (IN $
MILLION)
FIGURE 39: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY STORAGE, 2022 & 2030 (IN %)
FIGURE 40: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY FROZEN, 2023-2030 (IN $ MILLION)
FIGURE 41: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY REFRIGERATED, 2023-2030 (IN $ MILLION)
FIGURE 42: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY SHELF-STABLE, 2023-2030 (IN $ MILLION)
FIGURE 43: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY SALES CHANNEL, 2022 & 2030 (IN %)
FIGURE 44: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES CHANNEL, 2023-2030 (IN $
MILLION)
FIGURE 45: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OFFLINE SALES CHANNEL, 2022 & 2030
(IN %)
FIGURE 46: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2023-2030
(IN $ MILLION)
FIGURE 47: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2023-2030 (IN $
MILLION)
FIGURE 48: NORTH AMERICA PLANT-BASED
FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2023-2030 (IN $ MILLION)
FIGURE 49: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER OFFLINE SALES CHANNELS,
2023-2030 (IN $ MILLION)
FIGURE 50: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE SALES CHANNEL, 2023-2030 (IN $
MILLION)
FIGURE 51: NORTH AMERICA
PLANT-BASED FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN
%)
FIGURE 52: UNITED STATES
PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030 (IN $ MILLION)
FIGURE
53: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET 2023-2030 (IN $ MILLION)