Plant-Based Diets in Consumer – Strategic Intelligence
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This report provides an overview of how the plant-based diet theme is impacting food, beverage, and foodservice industries. It assesses what is happening within the theme currently, how well key players are performing in each theme, and how the theme will evolve in future.
Many plant-based brands and products that were booming up to 2023 have closed of face uncertainty. Increasingly consumers are rejecting highly processed, fatty, salty plant-based alternative, seeking out more natural whole plant foods instead. For brands there is an ongoing effort to reformulate with more clean label products, while some companies continue to invest in advanced production.
Scope
– Despite the challenges ahead, by 2028, the meat substitute and plant-based milk market will reach $67.5 billion in value globally in retail and $14.9
billion in foodservice.
'There are still pockets of opportunity, which will ultimately rely on the market's ability to innovate and deliver healthier, more affordable products with improved sensory attributes.
'-Innovation in animal alternatives is leveraging more creative ingredient use, which can deliver desired taste, texture, and visual features without the need for multiple additives or undesirable ingredients such as sodium and saturated fat.
Key Highlights
- Consumers’ growing affinity for natural/organic ingredients is paving the way for plant-based foods and beverages with such claims.
- Given their experience of the COVID-19 pandemic, consumers are expected to focus more on fresh, homegrown ingredients that offer functional benefits.
- Rising diagnoses of food allergies and intolerance to certain ingredients, coupled with consumer desire for specific diets, will drive producers to omit ingredients such as fat, cholesterol, and lactose.
Reasons to Buy
– Gain an understanding of how the plant-based diet theme is impacting your sector and evolving.
'- Identify which areas of investment are a priority for your business and which actions competitors are taking.
'- Be able to look ahead at how the industry will change in coming years and how to prepare for the future.
Cargill
ConAgra Brands
Impossible Foods
Kellanova
Karft Heinz
Maple Leaf
Monde
Nestle
PHW Group
Tyson Foods
unilever
ABP Food
Amy's Kitchen
BRF
Hormel Foods
JBS
Marfrig
OSI Group
Ponnath
Turtle Island Foods
WH Group
Arla
Danone
Friesland Campina
DMK
Lactalis
Muller
Saputo
Savencia
Yili
Chipotle
Restaurant Brands International
Aramark
Compass
Dine Brands
Domino's
Greggs
Inspire Brands
Papa Johns
Seven & I Holdings
Shake Shack
Sodexo
Starbucks
Whitbread
Yum! Brands
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