Plant-Based Food & Beverages Alternatives Market Outlook, Industry Demand and Supply, Key Prospects, Pricing Strategies, Forecast and Top Manufacturers Analysis Report
The rising awareness about the benefits of plant-based food and beverages alternatives in comparison to meat and dairy-based products and an escalating vegan population is boosting the consumption of plant-based food and beverages alternatives. According to the latest analysis by Emergen Research, the global Plant-Based Food & Beverages Alternatives Market is predicted to garner a market valuation of USD 32.29 billion by 2027, at a CAGR of 14.8% throughout the forecast timeline.
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The Plant-based food and beverages alternatives market report is an investigative study encompassing industry insights along with crucial market data such as facts and figures, technological and product advancements, and analysis of key segments. The important data is gathered through rigorous primary and secondary research and the information is further validated and verified by industry experts and professionals. The report offers a panoramic view of the industry with a special focus on global and regional segments.
Increasing requirement for plant-based alternatives due to the augmenting vegan population, accelerating prevalence of lactose intolerance, and the rising concerns surrounding weight loss and management is boosting the industry’s demand. Growing concerns regarding heart diseases, cancer, and allergy to dairy-based items are creating an added need for the plant-based alternatives. Furthermore, the low-calorie content, low sugar content, and sufficient levels of calcium obtained from plant-based food items and beverages are further anticipated to fuel the market expansion.
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Asia Pacific is projected to command the industry growth over the estimated timeframe due to escalating vegan population, augmenting inclination towards plant-based alternatives, and growing consciousness about the advantages of plant-based products is adding to the regional expansion of the market. Europe is forecasted to grow a significant CAGR due to increasing encouragement to adopt a vegan lifestyle in the region. North America is predicted to be the rapidly growing region owing to the augmenting demand for non-dairy based items coupled with a rising requirement for plant-based alternatives to meat products.
Key Features of the Report:
- Holistic view of the Plant-based food and beverages alternatives market and key segments
- Examination and identification of the growth prospects, market drivers and trends, and potential opportunities
- Assessment and analysis of the micro and macro-economic factors
- Competitive landscape benchmarking
- Extensive regional analysis
- Product types and application spectrum segmentation and analysis
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