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United States Plant Based Food Market Forecast By Segments, Food Services, Merger and Acquisitions, Company Analysis

  • ID: 5308265
  • Report
  • March 2021
  • Region: United States
  • 140 pages
  • Renub Research
1 of 4

FEATURED COMPANIES

  • Archer daniels midland
  • Beyond meat inc
  • Hormel foods corporation
  • Kellogg
  • US FOODS HOLDING CORP
  • MORE
Plant-based food is derived from plant, including vegetables, fruits, grains, seed or legume, beans, and oil. Plant-based products considered to be more digestible as compared to animal-based food. In the United States, people are shifting towards plant-based foods, which attributes to the U.S. non-vegetarian or dairy industry's impact. According to Vegan news, 2020 Americans following plant-based diets was up nearly 9.6 million over the last 15 years. This was a 300% increase and almost 3 percent of the population in the United States. According to the publisher, the United States Plant-Based Food Market will increase to US$ 10.7 Billion in 2027.

Plant-based milk has wide application in the food and beverage industry. Various plant milk types like soya, almonds, coconuts, oats, and rice milk are present in the market. Americans prefer plant milk over any other dairy or animal milk because of its high nutrition value, Omega-3 fatty acid and vitamins. There has been phenomenal growth in the number of people who are turning vegan and preferring a plant-based diet. Due to this, many full services restaurants in the United States also offer varieties of plant-based products depending upon their customer's preferences and needs. The United States Plant-based Food Industry was US$ 5.6 Billion in 2020.

The United States Plant-Based Food has varieties like Plant-based milk, Plant-based meat, Plant-based meals, Plant-based ice cream and frozen novelty, Plant-based creamer, Plant-based yoghurt, butter, cheese, Tofu and tempeh, plant-based ready-to-drink beverages, Plant-based dairy spreads, dips, sour cream, and sauces etc. It mimics traditional beef using plant ingredient. Plant-based meat is expected to grow during the forecast period. As per the research findings, the Plant-Based Food Market in the United States is expected to grow with a CAGR of 9.69%.

The rising concern regarding the environmental impacts of livestock production and meat availability has led many American people to shift to plant-based meat substitutes. Besides, lactose intolerance among infants and adults in the United States is a foremost issue boosting plant-based milk market growth. Whereas the popularity of gluten-free and low carbs diet helps increase the demand for Tofu among both vegans and non-vegan people. Moreover, increasing obesity and health consciences among the people of the United States is increasing demand for plant-based food items as they are natural and low in fat and calorie content.

Although plant-based food has many benefits over animal-based products, it is expensive and not easily afforded by common people are some challenges of the plant-based food industry.

In 2019, research presented at the American College of Allergy
  • Asthma and Immunology (ACAAI) Meeting suggests that over 2% of all U.S. children below the age of five have a milk allergy
  • 53% of food-allergic infants under 12 months have a cow milk allergy
This report title “United States Plant-Based Food Market” By Segments (Plant-based Milk, Plant-based Meat, Plant-based Meals, Plant-based Ice Cream and Frozen Novelty, Plant-based Creamer, Plant-based Yogurt, Plant-based Butter, Plant-based Cheese, Tofu and Tempeh, Plant-based Ready-to-Drink Beverages, Plant-based Condiments, Dressings, and Mayo, Plant-based Dairy Spreads, Dips, Sour Cream, and Sauces and Plant-based Eggs) By Food Services(Full-service Restaurants, Limited-Service Restaurants, Drinking Places, Hotels and Motels, Retail Stores and Vending, Recreational Places, Schools and Colleges and Others) Company (Beyond Meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg and Hormel Foods Corporation) provides in-depth analysis on current trends on the United States Plant-Based Food Industry.

Segments - Market breakup from 13 Viewpoints

1. Milk
2. Meat
3. Meals
4. Ice cream and Frozen Novelty
5. Creamer
6. Yogurt
7. Butter
8. Cheese
9. Tofu and Tempeh
10. Ready-to-Drink Beverages
11. Condiments, Dressings, and Mayo
12. Dairy Spreads, Dips, Sour Cream, and Sauces
13. Eggs

Food Services - Market breakup from 8 Viewpoints

1. Full-service restaurants
2. Limited-service restaurants
3. Drinking places
4. Hotels and motels
5. Retail stores and vending
6. Recreational places
7. Schools and colleges
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. Archer daniels midland
3. US FOODS HOLDING CORP
4. Kellogg
5. Hormel foods corporation
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Archer daniels midland
  • Beyond meat inc
  • Hormel foods corporation
  • Kellogg
  • US FOODS HOLDING CORP
  • MORE
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 Analysis
6.1 By Segments
6.2 By Food Services

7. Segments - United States Plant Based Food Market
7.1 Milk
7.2 Meat
7.3 Meals
7.4 Ice cream and Frozen Novelty
7.5 Creamer
7.6 Yogurt
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 Dairy Spreads, Dips, Sour Cream, and Sauces
7.13 Eggs

8. Food Services - United States Plant Based Food Market
8.1 Full-service Restaurants
8.2 Limited-Service Restaurants
8.3 Drinking Places
8.4 Hotels and Motels
8.5 Retail Stores and Vending
8.6 Recreational Places
8.7 Schools and Colleges
8.8 Others

9. Merger and Acquisitions

10. Company Analysis
10.1 Beyond Meat Inc
10.1.1 Overviews
10.1.2 Recent Developments
10.1.3 Revenues
10.2 Archer Daniels Midland
10.2.1 Overviews
10.2.2 Recent Developments
10.2.3 Revenues
10.3 US Food Holding Corp
10.3.1 Overviews
10.3.2 Recent Developments
10.3.3 Revenues
10.4 Kellogg
10.4.1 Overviews
10.4.2 Recent Developments
10.4.3 Revenues
10.5 Hormel Foods Corporation
10.5.1 Overviews
10.5.2 Recent Developments
10.5.3 Revenues

List of Figures:
Figure-01: United States Plant Based Food Market (Million US$), 2017 - 2020
Figure-02: Forecast for - United States Plant Based Food Market (Million US$), 2021 - 2027
Figure-03: Segments - Plant-based Milk Market (Million US$), 2017 - 2020
Figure-04: Segments - Forecast for Plant-based Milk Market (Million US$), 2021 - 2027
Figure-05: Segments - Plant-based Meat Market (Million US$), 2017 - 2020
Figure-06: Segments - Forecast for Plant-based Meat Market (Million US$), 2021 - 2027
Figure-07: Segments - Plant-based Meals Market (Million US$), 2017 - 2020
Figure-08: Segments - Forecast for Plant-based Meals Market (Million US$), 2021 - 2027
Figure-09: Segments - Plant-based Ice Cream and Frozen Novelty Market (Million US$), 2017 - 2020
Figure-10: Segments - Forecast for Plant-based Ice Cream and Frozen Novelty Market (Million US$), 2021 - 2027
Figure-11: Segments - Plant-based Creamer Market (Million US$), 2017 - 2020
Figure-12: Segments - Forecast for Plant-based Creamer Market (Million US$), 2021 - 2027
Figure-13: Segments - Plant-based Yogurt Market (Million US$), 2017 - 2020
Figure-14: Segments - Forecast for Plant-based Yogurt Market (Million US$), 2021 - 2027
Figure-15: Segments - Plant-based Butter Market (Million US$), 2017 - 2020
Figure-16: Segments - Forecast for Plant-based Butter Market (Million US$), 2021 - 2027
Figure-17: Segments - Plant-based Cheese Market (Million US$), 2017 - 2020
Figure-18: Segments - Forecast for Plant-based Cheese Market (Million US$), 2021 - 2027
Figure-19: Segments - Tofu and Tempeh Market (Million US$), 2017 - 2020
Figure-20: Segments - Forecast for Tofu and Tempeh Market (Million US$), 2021 - 2027
Figure-21: Segments - Plant-based Ready-to-Drink Beverages Market (Million US$), 2017 - 2020
Figure-22: Segments - Forecast for Plant-based Ready-to-Drink Beverages Market (Million US$), 2021 - 2027
Figure-23: Segments - Plant-based Condiments, Dressings and Mayo Market (Million US$), 2017 - 2020
Figure-24: Segments - Forecast for Plant-based Condiments, Dressings and Mayo Market (Million US$), 2021 - 2027
Figure-25: Segments - Plant-based Dairy Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2016 - 2020
Figure-26: Segments - Forecast for Plant-based Dairy Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2021 - 2027
Figure-27: Segments - Plant-based Eggs Market (Million US$), 2016 - 2020
Figure-28: Segments - Forecast for Plant-based Eggs Market (Million US$), 2021 - 2027
Figure-29: Foodservices - Full-Service Restaurants Market (Million US$), 2016 - 2020
Figure-30: Foodservices - Forecast for Full-Service Restaurants Market (Million US$), 2021 - 2027
Figure-31: Foodservices - Limited-Service Restaurants Market (Million US$), 2016 - 2020
Figure-32: Foodservices - Forecast for Limited-Service Restaurants Market (Million US$), 2021 - 2027
Figure-33: Foodservices - Drinking Places Market (Million US$), 2016 - 2020
Figure-34: Foodservices - Forecast for Drinking Places Market (Million US$), 2021 - 2027
Figure-35: Foodservices - Hotels and Motels Market (Million US$), 2016 - 2020
Figure-36: Foodservices - Forecast for Hotels and Motels Market (Million US$), 2021 - 2027
Figure-37: Foodservices - Retail Stores and Vending Market (Million US$), 2016 - 2020
Figure-38: Foodservices - Forecast for Retail Stores and Vending Market (Million US$), 2021 - 2027
Figure-39: Foodservices - Recreational Places Market (Million US$), 2016 - 2020
Figure-40: Foodservices - Forecast for Recreational Places Market (Million US$), 2021 - 2027
Figure-41: Foodservices - Schools and Colleges Market (Million US$), 2016 - 2020
Figure-42: Foodservices - Forecast for Schools and Colleges Market (Million US$), 2021 - 2027
Figure-43: Foodservices - Others Market (Million US$), 2016 - 2020
Figure-44: Foodservices - Forecast for Others Market (Million US$), 2021 - 2027
Figure-45: Global - Beyond Meat Inc. Revenue (Million US$), 2016 - 2020
Figure-46: Global - Forecast for Beyond Meat Inc. Revenue (Million US$), 2021 - 2027
Figure-47: Global - Archer Daniels Midland Revenue (Million US$), 2017 - 2020
Figure-48: Global - Forecast for Archer Daniels Midland Revenue (Million US$), 2021 - 2027
Figure-49: Global - US Foods Holding Corp. Revenue (Million US$), 2017 - 2020
Figure-50: Global - Forecast for US Foods Holding Corp. Revenue (Million US$), 2021 - 2027
Figure-51: Global - Kellogg Revenue (Million US$), 2017 - 2020
Figure-52: Global - Forecast for Kellogg Revenue (Million US$), 2021 - 2027
Figure-53: Global - Hormel Foods Corporation Revenue (Million US$), 2017 - 2020
Figure-54: Global - Forecast for Hormel Foods Corporation Revenue (Million US$), 2021 - 2027

List of Tables:
Table-01: United States Plant Based Food Market Share by Segments (Percent), 2017 - 2020
Table-02: Forecast for - United States Plant Based Food Market Share by Segments (Percent), 2021 - 2027
Table-03: United States Plant Based Food Market Share by Food Services (Percent), 2017 - 2020
Table-04: Forecast for - United States Plant Based Food Market Share by Form (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
3 of 4
  • Beyond meat inc
  • Archer daniels midland
  • US FOODS HOLDING CORP
  • Kellogg
  • Hormel foods corporation
Note: Product cover images may vary from those shown
4 of 4

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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