Plant-based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Plant Based Food and Beverages Market Future Trends is segmented by Product Type (Meat Substitutes, Dairy Alternatives Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, and Non-dairy Spreads), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

Plant-based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Plant Based Food and Beverage Market Size

Plant-based Food and Beverages Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 9.28 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Plant-based Food and Beverages Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Plant-Based Food and Beverages Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Plant Based Food and Beverage Market Analysis

The Plant-Based Food and Beverages Market is expected to register a CAGR of 9.28% during the forecast period.

Consumers are more aware of their health nowadays, and vegan culture is growing more popular among consumers due to the various health benefits associated with it, such as lowering cholesterol, stabilizing blood sugar, reducing inflammation, and supporting the immune system, thereby increasing the demand for plant-based food and beverages across the globe. Additionally, companies from all sectors are making significant investments to acquire and develop new plant-based products. This is primarily due to the increasing demand for plant-based products. For instance, in June 2021, Nestle launched plant-based pea milk in its UK stores. The product is made from protein-packed yellow peas.

Thus, the growing preference for plant-based diets and the major meat processors and manufacturers announcing their intentions to join the competition with their line of meat alternatives present a massive opportunity for plant-based food and beverage consumption. This trend is expected to keep growing in the forecast period.

Plant Based Food and Beverage Industry Overview

The market is highly competitive with the presence of small-scale and global companies such as Danone SA, The Hain Celestial Group Inc., Conagra Brands Inc., Nestle SA, Campbell Soup Company, and Blue Diamond Growers. These companies have been the front runners in terms of expansion of their production capacity and product launches to cater to the increasing demand for plant-based food and beverages around the world. Owing to the rapidly developing market, product innovation in terms of packaging, advertisement, and infusion of healthy ingredients is the major strategy adopted by companies.

Furthermore, companies such as Conagra Brands Inc., Unilever, and Danone SA, are also focusing on partnerships, mergers, and acquisitions to expand their market shares and product portfolios by leveraging on the expertise of the acquired companies.

Plant Based Food and Beverage Market Leaders

  1. Danone S.A

  2. Tofutti Brands, Inc

  3. Conagra Brands, Inc,

  4. Beyond Meat, Inc.

  5. Nestle SA

  6. *Disclaimer: Major Players sorted in no particular order
Plant-based Food and Beverages Market Concentration
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Plant Based Food and Beverage Market News

  • May 2022: Danone launched the new Dairy & Plants Blend baby formula to meet parents' demand for feeding options suitable for vegetarian, flexitarian, and plant-based diets, while still meeting their baby's specific nutritional requirements.
  • January 2022: A new biotech company, Gaia's Farming Co., launched its first two milk alternatives made with hemp and oats to cater to the growing vegan population.
  • May 2021: Conagra Brands expanded its Gardein meat alternatives in Canada with the introduction of a new Suprême Plant-Based Burger.

Plant Based Food and Beverage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Plant-based Dairy
    • 5.1.1.1 Yogurt
    • 5.1.1.2 Cheese
    • 5.1.1.3 Frozen Desserts and Ice-Cream
    • 5.1.1.4 Other Plant-based Dairy
    • 5.1.2 Meat Substitutes
    • 5.1.2.1 Tofu
    • 5.1.2.2 Tempeh
    • 5.1.2.3 Textured Vegetable Protein
    • 5.1.2.4 Other Meat Substitutes
    • 5.1.3 Plant-based Nutrition/Snack Bars
    • 5.1.4 Plant-based Bakery Products
    • 5.1.5 Plant-based Beverages
    • 5.1.5.1 Packaged Milk
    • 5.1.5.2 Packaged Smoothies
    • 5.1.5.3 Coffee
    • 5.1.5.4 Tea
    • 5.1.5.5 Other Plant-based Beverages
    • 5.1.6 Other Food and Beverages
  • 5.2 Distribution Channel
    • 5.2.1 On-Trade
    • 5.2.2 Off-Trade
    • 5.2.2.1 Supermarkets/Hypermarkets
    • 5.2.2.2 Convenience Stores
    • 5.2.2.3 Online Stores
    • 5.2.2.4 Other Off-trade Distribution Channels
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 Spain
    • 5.3.2.4 France
    • 5.3.2.5 Italy
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 DANONE SA
    • 6.3.2 Blue Diamond Growers
    • 6.3.3 Campbell Soup Company
    • 6.3.4 Nestle SA
    • 6.3.5 Conagra Brands Inc.
    • 6.3.6 Tofutti Brands Inc.
    • 6.3.7 Beyond Meat Inc.
    • 6.3.8 Vbites
    • 6.3.9 The Hain Celestial Group Inc.
    • 6.3.10 Eden Foods Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

**Subject to Availability
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Plant Based Food and Beverage Industry Segmentation

Plant-based food and beverages are primarily products made from plants, vegetables, grains, nuts, legumes, and fruit sources, which provide nutrients including iron, magnesium, folic acid, vitamin C, vitamin E, and dietary fiber.

The global plant-based food and beverage market is segmented by type, distribution channel, and geography. The market is segmented by type into plant-based dairy, meat substitutes, plant-based nutrition/snack bars, plant-based bakery products, and plant-based beverages. Plant-based dairy has been segmented further into yogurt, cheese, frozen desserts and ice cream, and other plant-based dairy products. Also, meat substitutes have been segmented further into tofu, tempeh, textured vegetable protein, and other meat substitutes.

Moreover, plant-based beverages are further segmented into packaged milk, packaged smoothies, coffee, tea, and other plant-based beverages. By distribution channel, the plant-based food and beverages market is segmented into on-trade and off-trade channels, while off-trade is further segmented into hypermarkets/supermarkets, convenience stores, online stores, and other distribution channels. By geography, the report provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Type Plant-based Dairy Yogurt
Cheese
Frozen Desserts and Ice-Cream
Other Plant-based Dairy
Meat Substitutes Tofu
Tempeh
Textured Vegetable Protein
Other Meat Substitutes
Plant-based Nutrition/Snack Bars
Plant-based Bakery Products
Plant-based Beverages Packaged Milk
Packaged Smoothies
Coffee
Tea
Other Plant-based Beverages
Other Food and Beverages
Distribution Channel On-Trade
Off-Trade Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Other Off-trade Distribution Channels
Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Plant Based Food and Beverage Market Research FAQs

What is the current Plant-Based Food and Beverages Market size?

The Plant-Based Food and Beverages Market is projected to register a CAGR of 9.28% during the forecast period (2025-2030)

Who are the key players in Plant-Based Food and Beverages Market?

Danone S.A, Tofutti Brands, Inc, Conagra Brands, Inc,, Beyond Meat, Inc. and Nestle SA are the major companies operating in the Plant-Based Food and Beverages Market.

Which is the fastest growing region in Plant-Based Food and Beverages Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Plant-Based Food and Beverages Market?

In 2025, the North America accounts for the largest market share in Plant-Based Food and Beverages Market.

What years does this Plant-Based Food and Beverages Market cover?

The report covers the Plant-Based Food and Beverages Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Plant-Based Food and Beverages Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Plant Based Food and Beverage Industry Report

Statistics for the 2025 Plant-Based Food and Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plant-Based Food and Beverages analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.