Global Plant-based Food Market Competitive Landscape - Edition 2023

Overview

Executive Summary
The plant-based food market is fragmented in nature, with several small and medium-sized companies and new players. The landscape is evolving rapidly, driven by growing consumer interest in plant-based diets, health and sustainability concerns, and increased awareness of animal welfare.

Four most prominent names in the plant-based meat industry are Archer Daniel’s Midland (ADM), Beyond Meat, Danone SA, and Impossible Foods. They have gained widespread recognition for their meat-like plant-based products, such as burgers and sausages, and have secured partnerships with major fast-food chains.

Some other participants in the world of plant based food market include Amy’s Kitchen Inc. (US), Archer Daniel’s Midland (ADM) (US), Vbites Food Ltd. (UK), and Daiya Foods Inc. (Canada). The key strategies followed by most companies in the plant-based food market are new product launches, agreements, collaborations, partnerships, expansions, and acquisitions.

For instance, ADM and Air Protein, a leader in air-based nutritional protein, entered into a Strategic Development Agreement in 2023 to work together on research and development to further advance new and novel proteins for nutrition. In addition, in 2021, it acquired Sojaprotein to bolster its plant-based protein capabilities.

Smaller local and regional companies are also making a significant impact by offering unique and culturally relevant plant-based products. These companies cater to the preferences and tastes of specific regions. Startups and innovative companies are continuously developing new products, ingredients, and manufacturing processes to meet consumer demands for taste, texture, and nutrition.

For example, Zero Egg, an Israeli startup, has developed a plant-based liquid egg alternative that closely mimics the taste, appearance, and functionality of traditional eggs. This innovative product serves as a versatile replacement for eggs in various culinary applications, such as omelets, baked goods, and sauces. Notably, unlike conventional eggs, Zero Egg's offering is cholesterol-free, making it a healthier option.

Scope of the Study
Makreo Research has released a comprehensive study “Global Plant based Food Market Competitive Landscape." This study is designed to offer valuable insights into market competition, profiles of key players, and a deeper understanding of the competitive dynamics within the industry. The report includes a detailed company profile section, encompassing business overviews, strategic approaches, recent developments, and crucial financial information pertaining to each company.

Landscape Covered:

• Competitive Landscape
• Mergers/Acquisitions
• Funding Timeline
• Company Profiles

Key Questions Answered

1. Who are the key players in the Global Plant based Food Market?
2. Who are the new startups in the global market for plant-based foods?
3. What are the key Business Highlights of the players?
4. What are the major merger & acquisition happened in the past in the Global Plant based Food Market?
5. What is the scenario of funding raised by different player?

Companies Covered