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Asia-Pacific Plant-Based Food and Beverage Market 2021-2028

  • ID: 5360087
  • Report
  • July 2021
  • Region: Asia Pacific
  • 170 pages
  • Triton Market Research

FEATURED COMPANIES

  • Amy's Kitchen
  • Blue Diamond Growers
  • Conagra Brands
  • Danone Sa
  • Kikkoman Corporation
  • Moving Mountains
  • MORE
MARKET OUTLOOK

The market for plant-based food and beverage in the Asia-Pacific is likely to progress with a CAGR of 8.90% in the forecast years from 2021 to 2028. Japan, China, India, ASEAN countries, South Korea, Australia & New Zealand, and Rest of APAC together constitute the market in this region.

In 2008, Ahimsa became the first Indian company to launch ‘Veggie Champ,’ a frozen food brand. Years later, in March 2021, popular global coffee chain Starbucks announced its plans to introduce Swedish food tech company’s ‘Oatly’s.’ It is an oat-based alternative to dairy milk, and will be available at all its outlets across India, to offer consumers more options for plant-based food products. In February 2021, Life Health Foods launched So Good Protein+, which is a dairy-free plant-based milk, in a brand-new packaging and variants. This shows that there is a growing adoption of plant-based foods and beverages in India, which will benefit the studied market’s growth.

Further, nearly one-fifth of the people in South Korea are now reducing their meat consumption, with several individuals opting for plant-based alternatives. This is supported by the changing traditional consumption habits of millennials and preference for greener options. In February 2021, Burger King Korea introduced two new plant-based versions of its famous Whopper range, collaborating with Australian food tech brand v2food. The conventional beef burgers will now be replaced with an animal-free soy-based patty. This shows that there is a growing demand for plant-based foods and drinks in the South Korean market.

COMPETITIVE OUTLOOK

The noteworthy players in the cleanroom consumables market are Pacific Foods Of Oregon, Califia Farms, Kikkoman Corporation, Conagra Brands, Blue Diamond Growers, Daiya Foods Inc, Yofix Probiotics, Sweet Earth Inc, and Danone SA.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amy's Kitchen
  • Blue Diamond Growers
  • Conagra Brands
  • Danone Sa
  • Kikkoman Corporation
  • Moving Mountains
  • MORE
1. Asia-Pacific Plant-Based Food and Beverage Market - Summary

2. Industry Outlook
2.1. Impact of COVID-19 on the Plant-Based Food and Beverage Industry
2.2. Key Insights
2.2.1. Awareness About Animal Health and Safety
2.2.2. Manufacturing Plant Expansions
2.2.3. Concerns About Health and Changing Lifestyles
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Product Launches
2.6.2. Contract & Partnerships
2.7. Market Drivers
2.7.1. Shift Towards Veganism
2.7.2. Rising Lactose Intolerance
2.7.3. Advantages of Plant-Based Diet
2.8. Market Challenges
2.8.1. High Cost of Plant-Based Products
2.8.2. Limited Awareness
2.8.3. Disparity in Perception of Dairy and Plant-Based Food and Beverages
2.9. Market Opportunities
2.9.1. Availability of Sustainable Products and Recyclable Packaging
2.9.2. Revolutionary Manufacturing Procedures
2.9.3. Introduction of Brand New Products

3. Asia-Pacific Plant-Based Food and Beverage Market Outlook - by Type
3.1. Dairy
3.2. Meat
3.3. Other Types

4. Asia-Pacific Plant-Based Food and Beverage Market Outlook - by Source
4.1. Soy
4.2. Wheat
4.3. Almond
4.4. Corn
4.5. Other Sources

5. Asia-Pacific Plant-Based Food and Beverage Market Outlook - by Distributors
5.1. Supermarkets/Hypermarkets
5.2. Convenience Stores
5.3. Specialty Stores
5.4. Online Retail
5.5. Other Distributors

6. Asia-Pacific Plant-Based Food and Beverage Market - Regional Outlook
6.1. China
6.2. Japan
6.3. India
6.4. South Korea
6.5. Asean Countries
6.6. Australia & New Zealand
6.7. Rest of Asia-Pacific

7. Competitive Landscape
7.1. Amy's Kitchen
7.2. Beyond Meat Inc
7.3. Blue Diamond Growers
7.4. Califia Farms
7.5. Conagra Brands
7.6. Daiya Foods Inc
7.7. Danone Sa
7.8. Field Roast Grain Meat Co Inc
7.9. Impossible Foods Inc
7.10. Kikkoman Corporation
7.11. Morningstar Farms
7.12. Moving Mountains
7.13. Pacific Foods of Oregon
7.14. Quorn Foods
7.15. Sunfed
7.16. Sweet Earth Inc
7.17. The Hain Celestial Group Inc
7.18. Yofix Probiotics

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

Table List
Table 1: Asia-Pacific Plant-Based Food and Beverage Market, by Country, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Veganism Around the World
Table 4: Population Percentage of Lactose-Intolerant People Across the World
Table 5: Annual Consumption of Cow Milk Worldwide by Country
Table 6: New Product Launches of Plant-Based Products
Table 7: Asia-Pacific Plant-Based Food and Beverage Market, by Type, 2021-2028 (In $ Million)
Table 8: Asia-Pacific Plant-Based Food and Beverage Market, by Source, 2021-2028 (In $ Million)
Table 9: Asia-Pacific Plant-Based Food and Beverage Market, by Distributors, 2021-2028 (In $ Million)
Table 10: Asia-Pacific Plant-Based Food and Beverage Market, by Country, 2021-2028 (In $ Million)

Figure List
Figure 1: Market Attractiveness Index
Figure 2: Asia-Pacific Plant-Based Food and Beverage Market, by Type, 2020 & 2028 (In %)
Figure 3: Asia-Pacific Plant-Based Food and Beverage Market, by Dairy, 2021-2028 (In $ Million)
Figure 4: Asia-Pacific Plant-Based Food and Beverage Market, by Meat, 2021-2028 (In $ Million)
Figure 5: Asia-Pacific Plant-Based Food and Beverage Market, by Other Types, 2021-2028 (In $ Million)
Figure 6: Asia-Pacific Plant-Based Food and Beverage Market, by Source, 2020 & 2028 (In %)
Figure 7: Asia-Pacific Plant-Based Food and Beverage Market, by Soy, 2021-2028 (In $ Million)
Figure 8: Asia-Pacific Plant-Based Food and Beverage Market, by Wheat, 2021-2028 (In $ Million)
Figure 9: Asia-Pacific Plant-Based Food and Beverage Market, by Almond, 2021-2028 (In $ Million)
Figure 10: Asia-Pacific Plant-Based Food and Beverage Market, by Corn, 2021-2028 (In $ Million)
Figure 11: Asia-Pacific Plant-Based Food and Beverage Market, by Other Sources, 2021-2028 (In $ Million)
Figure 12: Asia-Pacific Plant-Based Food and Beverage Market, by Distributors, 2020 & 2028 (In %)
Figure 13: Asia-Pacific Plant-Based Food and Beverage Market, by Supermarkets/Hypermarkets, 2021-2028 (In $ Million)
Figure 14: Asia-Pacific Plant-Based Food and Beverage Market, by Convenience Stores, 2021-2028 (In $ Million)
Figure 15: Asia-Pacific Plant-Based Food and Beverage Market, by Specialty Stores, 2021-2028 (In $ Million)
Figure 16: Asia-Pacific Plant-Based Food and Beverage Market, by Online Retail, 2021-2028 (In $ Million)
Figure 17: Asia-Pacific Plant-Based Food and Beverage Market, by Other Distributors, 2021-2028 (In $ Million)
Figure 18: Asia-Pacific Plant-Based Food and Beverage Market, Regional Outlook, 2020 & 2028 (In %)
Figure 19: China Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 20: Japan Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 21: India Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 22: South Korea Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 23: Asean Countries Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 24: Australia & New Zealand Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Figure 25: Rest of Asia-Pacific Plant-Based Food and Beverage Market 2021-2028 (In $ Million)
Note: Product cover images may vary from those shown
  • Amy's Kitchen
  • Beyond Meat Inc
  • Blue Diamond Growers
  • Califia Farms
  • Conagra Brands
  • Daiya Foods Inc
  • Danone Sa
  • Field Roast Grain Meat Co Inc
  • Impossible Foods Inc
  • Kikkoman Corporation
  • Morningstar Farms
  • Moving Mountains
  • Pacific Foods of Oregon
  • Quorn Foods
  • Sunfed
  • Sweet Earth Inc
  • The Hain Celestial Group Inc
  • Yofix Probiotics
Note: Product cover images may vary from those shown

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