According to the research report titled ‘GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET 2021-2028’, available with MarketStudyReport, global plant-based food and beverage market is anticipated to record a CAGR of 8.71% during 2021-2028.

Report findings suggest that growing trend toward veganism, the rising number of patients suffering from lactose intolerance, and the health benefits of eating a plant-based diet are the major growth catalysts for global plant-based food and beverage market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3977440/  

Furthermore, the availability of sustainable products and recyclable packaging, as well as innovation in production techniques, and the introduction of brand-new items are expected to augment the industry during 2021-2028

However, the high cost of plant-based products, people's lack of understanding, as well as the gap in perceptions of dairy and plant-based food & beverages may hamper the industry expansion during the analysis timeframe.

On the basis of type, the market is divided into meat, dairy, and others. Based on source, worldwide plant-based food & beverage industry is branched into corn, almond, wheat, soy, and others. In terms of distributors, the marketplace is classified into online retail, specialty stores, convenience stores, supermarkets/hypermarkets, and others.

Regionally, the market trend study spans across North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. Among these, Asia Pacific holds a remarkable market share at present and is slated to grow considerably in the coming years during the forecast timeframe, owing to growing popularity of plant-based meat alternative

Coming to the competitive hierarchy, Yofix Probiotics Ltd., The Hain Celestial Group Inc., Sweet Earth Inc., Danone S.A., Califia Farms, Kikkoman Corporation, Sunfed Limited, Impossible Foods Inc., Quorn Foods, Pacific Foods of Oregon Inc., Moving Mountains Foods, Morningstar Farms, Field Roast Grain Meat Co., Daiya Foods Inc., Conagra Brands Inc., Blue Diamond Growers, Beyond Meat Inc., and Amy's Kitchen are the major players in global plant-based food and beverage marketplace.