Global Plant-Based Food & Beverages Alternatives Market

Global Plant-Based Food and Beverage Alternatives Market Focus on Product Type (Plant Based Meat and Plant Based Dairy), Source (Soy, Almond, Corn and Wheat), and Distribution Channel – Analysis and Forecast, 2019-2024 August 2019

TOC

Global Plant-Based Food and Beverage Alternatives Market

BIS Research is a leading market intelligence and technology research company. BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services.

Copyright © 2019 BIS Research Inc. All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting, or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party.

All rights reserved at BIS Research

2

Global Plant-Based Food and Beverage Alternatives Market

Preface The global food and beverage industry is presently undergoing an unparalleled level of technological disruption, propelled by the massive growth of viable plant-based alternatives. The industry is witnessing an increased participation of startups and disruptor companies that are launching innovative products into the market to meet the rising consumer’s demand for healthy and sustainable food options. Growing concerns over food safety, animal welfare, and environmental sustainability have resulted into a greater appreciation of plant proteins by consumers across the globe. Currently, plantbased food and beverages are in a relatively primary stage of their lifecycle, however with the ongoing investments and new product developments, the demand for plant-proteins is likely to increase manifold.

The market research study offers a wide perspective of the plant-based food and beverage alternatives market and analyzes its impact on the end users by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and predictive models.

This study has been designed to answer some of the most crucial questions about the plant-based food and beverage alternatives market: ▪

What is the global plant-based food and beverage alternatives market size in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024?

▪

What is the revenue generated by different types of plant-based food and beverage alternatives including meat, dairy, and others?

▪

What are the product types that are expected to witness the highest growth by specifically analyzing different meat alternatives such as tofu, seitan, and tempeh?

▪

What is the expected growth and market size for key dairy alternatives based on different ingredients?

▪

What is the market size and projected growth of plant-based food and beverage alternatives based on different sources such as corn, wheat, soy, pea, and almond?

▪

Which distribution channels are generating high revenue for plant-based food alternatives?

All rights reserved at BIS Research

3

Global Plant-Based Food and Beverage Alternatives Market

▪

What is the market size and opportunities of plant-based food and beverage alternatives across different regions?

▪

What are the major driving forces that are expected to increase global demand for plantbased food and beverage alternatives during the forecast period?

▪

What are the key trends and opportunities in the global market pertaining to plant-based food and beverage alternatives?

▪

What are the major challenges inhibiting the growth of the global plant-based food and beverage alternatives market?

▪

What is the present investment landscape for plant-based food and beverage alternatives?

▪

What kind of new strategies are currently being adopted by the existing market players to expand their market position in the industry?

▪

What is the competitive strength of the key players in the plant-based food and beverage alternatives market on the basis of analysis of their recent developments, product offerings, and regional presence?

▪

What is the regulatory landscape in different regions for plant-based food and beverage alternatives?

The report is a compilation of plant-based food and beverage alternatives market segmented by source, product type, distribution channel, and region. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the plant-based food and beverage alternatives market.

Moreover, the report consists of a comprehensive analysis of plant-based food and beverage alternatives market for different regions including North America, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in each region, including the U.S., Canada, Germany, the U.K., France, Italy, the Netherlands, China, Japan, India, and Australia.

BIS Agri-Tech August 2019

All rights reserved at BIS Research

4

Global Plant-Based Food and Beverage Alternatives Market

Table of Contents Executive Summary ........................................................................................................ 23 1.

Market Dynamics .................................................................................................. 35 1.1

1.2

1.3

2.

Market Drivers ................................................................................................. 35 1.1.1

Increasing Number of Ethical and Health Conscious Consumer .............................................................................................. 36

1.1.2

Increasing Food Safety Concerns....................................................... 37

1.1.3

Growing Concern for Animal Welfare ................................................. 38

Market Restraints ............................................................................................ 39 1.2.1

Reduction in High Processing Method ............................................... 39

1.2.2

Increasing Labelling Issues ................................................................. 40

Market Opportunities ...................................................................................... 40 1.3.1

Scope of Expansion in Developing Countries ................................... 40

1.3.2

Marketing and Correct Positioning to Increase Customer Base ...... 41

Competitive Landscape ....................................................................................... 42 2.1

3.

Key Market Developments and Strategies .................................................... 42 2.1.1

Product Launches and Development ................................................. 44

2.1.2

Partnerships, Collaborations, and Joint Ventures ............................ 45

2.1.3

Business Expansion and Contracts ................................................... 47

2.1.4

Mergers and Acquisitions .................................................................... 48

2.1.5

Others (Awards and Recognitions)..................................................... 49

Industry Analysis .................................................................................................. 50 3.1

Investments Landscape: Plant-Based Food and Beverage Alternatives Market ......................................................................................... 50

3.2

Emerging Startups in the Plant-Based Food and Beverage Alternatives Market ......................................................................................... 52

3.3

Emerging Trends in the Plant-Based Food and Beverage Alternatives Market ......................................................................................... 55

3.4

3.3.1

Growth of Plant-Based Seafood Segment .......................................... 55

3.3.2

Rise in Flexitarian Diet Among Consumers ....................................... 56

Regulatory Landscape .................................................................................... 57

All rights reserved at BIS Research

5

Global Plant-Based Food and Beverage Alternatives Market

4.

3.4.1

North America ....................................................................................... 57

3.4.2

Europe ................................................................................................... 57

3.4.3

Asia-Pacific ........................................................................................... 58

Global Plant-Based Food and Beverage Alternatives Market (by Product Type) ...................................................................................................................... 59 4.1

Assumptions and Limitations for Analysis and Forecast of the Global Plant-Based Food and Beverage Alternatives Market ..................... 59

4.2

Market Overview .............................................................................................. 59

4.3

Plant-Based Dairy ........................................................................................... 62

4.4

4.3.1

Plant-Based Milk ................................................................................... 64

4.3.2

Plant-Based Cheese ............................................................................. 67

4.3.3

Plant-Based Creamers ......................................................................... 71

4.3.4

Plant-Based Butter ............................................................................... 73

4.3.5

Plant-Based Yogurt .............................................................................. 75

Plant-Based Meat ............................................................................................ 77 4.4.1

4.5

Others (Plant Based Eggs, Egg Replacer, Egg Free Spreads, PlantBased Ice-Cream, Plant-Based Dressings, Sour Creams, and Dips) .......... 82 4.5.1

5.

Global Plant-Based Meat Market, By Subtype ................................... 79

Global Plant-Based Other Products Market, By Subtype ................. 83

Global Plant-Based Food and Beverage Alternatives Market (by Source) ...... 86 5.1

Market Overview .............................................................................................. 86

5.2

Soy ................................................................................................................... 88

5.3

Wheat ............................................................................................................... 91

5.4

Almond ............................................................................................................. 94

5.5

Corn .................................................................................................................. 98

5.6

Others (Potato, Lentils, Nuts, and Flaxseeds) ............................................ 100

6.

Global Plant-Based Food and Beverage Alternatives Market (by Distribution Channel) ......................................................................................... 104 6.1

Market Overview ............................................................................................ 104

6.2

Supermarkets/Hypermarkets ....................................................................... 106

6.3

Convenience Stores ...................................................................................... 108

All rights reserved at BIS Research

6

Global Plant-Based Food and Beverage Alternatives Market

6.4

Specialty Stores ............................................................................................ 109

6.5

Online Stores ................................................................................................. 110

6.6

Others............................................................................................................. 111

7.

Global Plant-Based Food and Beverage Alternatives Market (by Region) .... 115 7.1

7.2

7.3

7.4

North America ............................................................................................... 117 7.1.1

North America (by Product Type) ..................................................... 121

7.1.2

North America (by Country) .............................................................. 123

7.1.2.1

The U.S. ............................................................................................... 124

7.1.2.2

Canada ................................................................................................. 126

7.1.2.3

Mexico .................................................................................................. 128

7.1.2.4

Rest-of-North America .......................................................................... 129

Europe ............................................................................................................ 131 7.2.1

Europe (by Product Type) .................................................................. 134

7.2.2

Europe (by Country) ........................................................................... 136

7.2.2.1

U.K. ...................................................................................................... 137

7.2.2.2

Italy ....................................................................................................... 139

7.2.2.3

Netherlands .......................................................................................... 140

7.2.2.4

Germany............................................................................................... 141

7.2.2.5

Rest-of-Europe ..................................................................................... 142

Asia-Pacific .................................................................................................... 144 7.3.1

Asia-Pacific (by Product Type) .......................................................... 147

7.3.2

Asia-Pacific (by Country) ................................................................... 150

7.3.2.1

China .................................................................................................... 151

7.3.2.2

India...................................................................................................... 153

7.3.2.3

Japan.................................................................................................... 154

7.3.2.4

Singapore ............................................................................................. 155

7.3.2.5

Australia and New Zealand (ANZ) ........................................................ 157

7.3.2.6

Rest-of-Asia-Pacific .............................................................................. 159

Rest-of-the-World (RoW) .............................................................................. 160 7.4.1

RoW (by Product Type) ...................................................................... 162

7.4.2

RoW (by Country) ............................................................................... 164

7.4.2.1

Brazil .................................................................................................... 165

All rights reserved at BIS Research

7

Global Plant-Based Food and Beverage Alternatives Market

8.

7.4.2.2

Argentina .............................................................................................. 166

7.4.2.3

Others................................................................................................... 167

Company Profiles ............................................................................................... 168 8.1

8.2

8.3

8.4

8.5

8.6

Amy’s Kitchen ............................................................................................... 169 8.1.1

Company Overview ............................................................................ 169

8.1.2

Role of Amy’s Kitchen in Plant-Based Food and Beverage Alternatives Market ............................................................................ 169

8.1.3

SWOT Analysis ................................................................................... 171

Before the Butcher LLC. ............................................................................... 172 8.2.1

Company Overview ............................................................................ 172

8.2.2

Role of Before the Butcher LLC in Plant-Based Food and Beverage Alternatives Market ........................................................... 172

8.2.3

SWOT Analysis ................................................................................... 174

Beyond Meat Inc. ........................................................................................... 175 8.3.1

Company Overview ............................................................................ 175

8.3.2

Role of Beyond Meat Inc. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 175

8.3.3

Financials ............................................................................................ 176

8.3.4

SWOT Analysis ................................................................................... 178

Blue Diamond Growers Inc. ......................................................................... 179 8.4.1

Company Overview ............................................................................ 179

8.4.2

Role of Blue Diamond Growers Inc. in Plant-Based Food and Beverage Alternatives Market ........................................................... 179

8.4.3

SWOT Analysis ................................................................................... 181

Boca Foods Co. ............................................................................................. 182 8.5.1

Company Overview ............................................................................ 182

8.5.2

Role of Boca Foods Co. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 182

8.5.3

SWOT Analysis ................................................................................... 183

Califia Farms LP ............................................................................................ 184 8.6.1

Company Overview ............................................................................ 184

8.6.2

Role of Califia Farms LP in Plant-Based Food and Beverage Alternatives Market ............................................................................ 184

8.6.3

SWOT Analysis ................................................................................... 185

All rights reserved at BIS Research

8

Global Plant-Based Food and Beverage Alternatives Market

8.7

ConAgra Brands Inc. .................................................................................... 186 8.7.1

Company Overview ............................................................................ 186

8.7.2

Role of ConAgra Brands Inc. in Plant-Based Food and Beverage Alternatives Market ........................................................... 186

8.7.3

Financials ............................................................................................ 187

8.7.4

SWOT Analysis ................................................................................... 190

8.8

Daiya Foods Inc. ............................................................................................ 191 8.8.1

Company Overview ............................................................................ 191

8.8.2

Role of Daiya Foods Inc. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 191

8.8.3

SWOT Analysis ................................................................................... 193

8.9

Danone S.A. ................................................................................................... 194 8.9.1

Company Overview ............................................................................ 194

8.9.2

Role of Danone S.A. in Plant-Based Food and Beverages Alternatives Market ............................................................................ 194

8.9.3

Financials ............................................................................................ 196

8.9.4

SWOT Analysis ................................................................................... 199

8.10

Dr. McDougall’s Right Foods ....................................................................... 200

8.10.1

Company Overview ............................................................................ 200

8.10.2

Role of Dr. McDougall’s Right Foods in Plant-Based Food and Beverage Alternatives Market ........................................................... 200

8.10.3

SWOT Analysis ................................................................................... 201

8.11

Field Roast Grain Meat Co. Inc. ................................................................... 202

8.11.1

Company Overview ............................................................................ 202

8.11.2

Role of Field Roast Grain Meat Co. Inc. in Plant-Based Food and Beverage Alternatives Market .................................................... 202

8.11.3

SWOT Analysis ................................................................................... 204

8.12

Good Karma Foods ....................................................................................... 205

8.12.1

Company Overview ............................................................................ 205

8.12.2

Role of Good Karma Foods in Plant-Based Food and Beverage Alternatives Market ........................................................... 205

8.12.3

SWOT Analysis ................................................................................... 206

8.13

Impossible Foods Inc.................................................................................... 207

8.13.1

Company Overview ............................................................................ 207

All rights reserved at BIS Research

9

Global Plant-Based Food and Beverage Alternatives Market

8.13.2

Role of Impossible Foods Inc. in Plant-Based Food and Beverage Alternatives Market ........................................................... 207

8.13.3

SWOT Analysis ................................................................................... 208

8.14

JUST Inc. ........................................................................................................ 209

8.14.1

Company Overview ............................................................................ 209

8.14.2

Role of JUST Inc. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 209

8.14.3

SWOT Analysis ................................................................................... 210

8.15

Kite Hill ........................................................................................................... 211

8.15.1

Company Overview ............................................................................ 211

8.15.2

Role of Kite Hill in Plant-Based Food and Beverage Alternatives Market ............................................................................ 211

8.15.3

SWOT Analysis ................................................................................... 212

8.16

Lightlife Foods .............................................................................................. 213

8.16.1

Company Overview ............................................................................ 213

8.16.2

Role of Lightlife Foods in Plant-Based Food and Beverage Alternatives Market ............................................................................ 213

8.16.3

SWOT Analysis ................................................................................... 215

8.17

Morningstar Farms L.C. ................................................................................ 216

8.17.1

Company Overview ............................................................................ 216

8.17.2

Role of Morningstar Farms L.C. in Plant-Based Food and Beverage Alternatives Market ........................................................... 216

8.17.3

SWOT Analysis ................................................................................... 218

8.18

Moving Mountains ......................................................................................... 219

8.18.1

Company Overview ............................................................................ 219

8.18.2

Role of Moving Mountains in Plant-Based Food and Beverage Alternatives Market ............................................................................ 219

8.18.3

SWOT Analysis ................................................................................... 221

8.19

Pacific Foods of Oregon LLC. ...................................................................... 222

8.19.1

Company Overview ............................................................................ 222

8.19.2

Role of Pacific Foods of Oregon LLC. in Plant-Based Food and Beverage Alternatives Market .................................................... 222

8.19.3

SWOT Analysis ................................................................................... 223

8.20

Quorn Foods Ltd. .......................................................................................... 224

All rights reserved at BIS Research

10

Global Plant-Based Food and Beverage Alternatives Market

8.20.1

Company Overview ............................................................................ 224

8.20.2

Role of Quorn Foods Ltd. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 224

8.20.3

SWOT Analysis ................................................................................... 225

8.21

Ripple Foods ................................................................................................. 226

8.21.1

Company Overview ............................................................................ 226

8.21.2

Role of Ripple Foods in Plant-Based Food and Beverage Alternatives Market ............................................................................ 226

8.21.3

SWOT Analysis ................................................................................... 227

8.22

Sweet Earth Inc. ............................................................................................ 228

8.22.1

Company Overview ............................................................................ 228

8.22.2

Role of Sweet Earth Inc. in Plant-Based Food and Beverage Alternatives Market ............................................................................ 228

8.22.3

SWOT Analysis ................................................................................... 230

8.23

The Meatless Farm Co. ................................................................................. 231

8.23.1

Company Overview ............................................................................ 231

8.23.2

Role of The Meatless Farm Co. in Plant-Based Food and Beverage Alternatives Market ........................................................... 231

8.23.3

SWOT Analysis ................................................................................... 232

8.24

The Vegetarian Butcher ................................................................................ 233

8.24.1

Company Overview ............................................................................ 233

8.24.2

Role of The Vegetarian Butcher in Plant-Based Food and Beverage Alternatives Market ........................................................... 233

8.24.3

SWOT Analysis ................................................................................... 234

8.25

Tofurkey ......................................................................................................... 235

8.25.1

Company Overview ............................................................................ 235

8.25.2

Role of Tofurkey in Plant-Based Food and Beverage Alternatives Market ............................................................................ 235

8.25.3

SWOT Analysis ................................................................................... 237

8.26

Upfield ............................................................................................................ 238

8.26.1

Company Overview ............................................................................ 238

8.26.2

Role of Upfield in Plant-Based Food and Beverage Alternatives Market ............................................................................ 238

8.26.3

SWOT Analysis ................................................................................... 239

All rights reserved at BIS Research

11

Global Plant-Based Food and Beverage Alternatives Market

8.27

8.27.1

Company Overview ............................................................................ 240

8.27.2

Role of Wildwood Foods in Plant-Based Food and Beverage Alternatives Market ............................................................................ 240

8.27.3

SWOT Analysis ................................................................................... 241

8.28

Yofix Probiotics Ltd. ..................................................................................... 242

8.28.1

Company Overview ............................................................................ 242

8.28.2

Role of Yofix Probiotics Ltd. in Plant-Based Food and Beverage Alternatives Market ........................................................... 242

8.28.3

SWOT Analysis ................................................................................... 243

8.29 9.

Wildwood Foods ........................................................................................... 240

Other key Plant-Based Alternatives Providers ........................................... 244

Report Scope and Methodology ........................................................................ 246 9.1

Report Scope ................................................................................................. 246

9.2

Plant-Based Food and Beverage Alternatives Market Research Methodology .................................................................................................. 247 9.2.1

Assumptions ....................................................................................... 248

9.2.2

Limitations .......................................................................................... 248

9.2.3

Primary Data Sources ........................................................................ 248

9.2.4

Secondary Data Sources ................................................................... 249

9.2.5

Data Triangulation .............................................................................. 250

9.2.6

Market Estimation and Forecast ....................................................... 251

All rights reserved at BIS Research

12

Global Plant-Based Food and Beverage Alternatives Market

List of Figures Figure 1: Key Trends Driving the Growth of Plant-Based Food and Beverage Alternatives Market..................................................................................................................................... 24 Figure 2: Global Plant-Based Food and Beverage Alternatives Market Snapshot .............................. 25 Figure 3: Global Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024........................................................................................................................ 27 Figure 4: Global Plant-Based Food and Beverage Alternatives Market (by Source), 2019 and 2024........................................................................................................................ 28 Figure 5: Global Plant-Based Food and Beverage Alternatives Market (by Distribution Channel), 2019 and 2024 ....................................................................................................... 30 Figure 6: Regional Plant-Based Food and Beverage Market Snapshot .............................................. 31 Figure 7: Global Plant-Based Food and Beverage Alternatives Market (by Country), 2019................ 32 Figure 1.1: Market Dynamics .............................................................................................................. 35 Figure 1.2: Reason Plant-Based Food and Beverage Alternatives Being Included in North American Diet ............................................................................................................... 36 Figure 1.3: Environmental Impact of Consuming Animal Protein ........................................................ 38 Figure 2.1: Strategies Adopted by the Key Players (April 2017-July 2019) ......................................... 42 Figure 2.2: Share of Key Market Strategies and Developments (April 2017-July 2019)...................... 43 Figure 2.3: Product Launches and Development Share (by Company) .............................................. 45 Figure 2.4: Partnerships, Collaborations, and Joint Ventures Share (by Company) ........................... 46 Figure 2.5: Business Expansion and Contracts Share (by Company) ................................................ 47 Figure 2.6: Mergers and Acquisitions Share (by Company) ................................................................ 48 Figure 3.1: Plant-Based Food Industry Investment Overview ............................................................. 51 Figure 4.1: Global Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024........................................................................................................................ 60 Figure 4.2: Global Plant-Based Dairy Market (by Subtype), 2019 and 2024 ....................................... 62 Figure 4.3: Global Plant-Based Milk Market (by Subtype), 2019 and 2024 ......................................... 66 Figure 4.4: Plant-Based Milk Cost....................................................................................................... 66 Figure 4.5: Global Plant-Based Cheese Market (by Subtype), 2019 and 2024 ................................... 69 Figure 4.6: Global Plant-Based Creamer Market (by Subtype), 2019 and 2024 ................................. 72 Figure 4.7: Global Plant-Based Butter Market (by Subtype), 2019 and 2024...................................... 74

All rights reserved at BIS Research

13

Global Plant-Based Food and Beverage Alternatives Market

Figure 4.8: Global Plant-Based Yogurt Market (by Subtype), 2019 and 2024..................................... 75 Figure 4.9: Global Plant-Based Meat Market (by Subtype), 2019 and 2024 ....................................... 79 Figure 4.10: Plant-Based Other Products Market (by Subtype), 2019 and 2024 ................................ 83 Figure 5.1: Global Plant-Based Food and Beverage Alternatives Market (by Source), 2019 and 2024........................................................................................................................ 87 Figure 5.2: Soy-Based Source in Plant-Based Food and Beverage Alternatives Market, 2018-2024 .............................................................................................................................. 89 Figure 5.3: Wheat-Based Source in Plant-Based Food and Beverage Alternatives Market, 2018-2024 .............................................................................................................................. 92 Figure 5.4: Almond-Based Source in Plant-Based Food and Beverage Alternatives Market, 2018-2024 .............................................................................................................................. 95 Figure 5.5: Corn-Based Source in Plant-Based Food and Beverage Alternatives Market, 2018-2024 .............................................................................................................................. 99 Figure 5.6: Other Sources................................................................................................................. 100 Figure 5.7: Other Sources in Plant-Based Food and Beverage Alternatives Market, 20182024...................................................................................................................................... 102 Figure 6.1: Global Plant-Based Food and Beverage Alternatives Market (by Distribution Channel), 2019 and 2024 ..................................................................................................... 104 Figure 6.2: Plant-Based Food and Beverage Alternatives Revenue Generated Through Supermarkets/Hypermarkets, 2018-2024 ............................................................... 106 Figure 6.3: Plant-Based Food and Beverage Alternatives Revenue Generated Through Convenience Stores, 2018-2024 .......................................................................................... 108 Figure 6.4: Plant-Based Food and Beverage Alternatives Revenue Generated Through Specialty Stores, 2018-2024 ................................................................................................. 110 Figure 6.5: Plant-based Food and Beverage Alternatives Revenue Generated Though Online Stores, 2018-2024 ..................................................................................................... 111 Figure 6.6: Other Distribution Channels ............................................................................................ 112 Figure 6.7: Plant-Based Food and Beverage Alternatives Revenue Generated Through Other Channels, 2018-2024.................................................................................................. 113 Figure 7.1: Global Plant-Based Food and Beverage Alternatives Regional Market Snapshot .......... 115 Figure 7.2: Reason Plant-Based Food and Beverage Alternatives Being Included in North American Diet ............................................................................................................. 117

All rights reserved at BIS Research

14

Global Plant-Based Food and Beverage Alternatives Market

Figure 7.3: Diet Segments Among Consumers In North America, 2017 ........................................... 118 Figure 7.4: North America Plant-Based Food and Beverage Alternatives Market, 2018-2024.......... 119 Figure 7.5: North America Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024 ....................................................................................... 122 Figure 7.6: North America Plant-Based Food and Beverage Alternatives Market (by Country), 2019 and 2024...................................................................................................................... 123 Figure 7.7: The U.S. Plant-Based Food and Beverage Alternatives Industry.................................... 125 Figure 7.8: U.S. Plant-Based Food and Beverage Alternatives Market, 2018-2024 ......................... 125 Figure 7.9: Canada Plant-Based Food and Beverage Alternatives Market, 2018-2024 .................... 127 Figure 7.10: Mexico Plant-Based Food and Beverage Alternatives Market, 2018-2024 ................... 128 Figure 7.11: Rest-of-North America Plant-Based Food and Beverage Alternatives Market, 2018-2024 ............................................................................................................................ 130 Figure 7.12: Greenhouse Gas Emissions From Food Consumption in Europe ................................ 132 Figure 7.13: Europe Plant-Based Food and Beverage Alternatives Market, 2018-2024 ................... 132 Figure 7.14: Europe Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024...................................................................................................................... 135 Figure 7.15: Europe Plant-Based Food and Beverage Alternatives Market (by Country), 2019 and 2024...................................................................................................................... 136 Figure 7.16: U.K. Plant-Based Food and Beverage Alternatives Market, 2018-2024 ....................... 139 Figure 7.17: Italy Plant-Based Food and Beverage Alternatives Market, 2018-2024 ........................ 140 Figure 7.18: Netherlands Plant-Based Food and Beverage Alternatives Market, 2018-2024 ........... 141 Figure 7.19: Germany Plant-Based Food and Beverage Alternatives Market, 2018-2024................ 142 Figure 7.20: Rest-of-Europe Plant-Based Food and Beverage Alternatives Market, 2018-2024 ...... 143 Figure 7.21: Growth Drivers for Plant-Based Food and Beverages in Asia-Pacific ........................... 145 Figure 7.22: Asia-Pacific Plant-Based Food and Beverage Alternatives Market, 2018-2024 ............ 146 Figure 7.23: Asia-Pacific Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024........................................................................................................... 149 Figure 7.24: Asia-Pacific Plant-Based Food and Beverage Alternatives Market (by Country), 2019 and 2024...................................................................................................................... 150 Figure 7.25: China Plant-Based Food and Beverage Alternatives Market, 2018-2024 ..................... 152 Figure 7.26: India Plant-Based Food and Beverage Alternatives Market, 2018-2024 ....................... 153 Figure 7.27: Japan Plant-Based Food and Beverage Alternatives Market, 2018-2024..................... 155

All rights reserved at BIS Research

15

Global Plant-Based Food and Beverage Alternatives Market

Figure 7.28: Singapore Plant-Based Food and Beverage Alternatives Market, 2018-2024 .............. 156 Figure 7.29: ANZ Plant-Based Food and Beverage Alternatives Market, 2018-2024 ....................... 158 Figure 7.30: Rest-of-Asia-Pacific Plant-Based Food and Beverage Alternatives Market, 2018-2024 ............................................................................................................................ 159 Figure 7.31: RoW Plant-Based Food and Beverage Alternatives Market, 2018-2024 ...................... 161 Figure 7.32: RoW Plant-Based Food and Beverage Alternatives Market (by Product Type), 2019 and 2024...................................................................................................................... 163 Figure 7.33: RoW Plant-Based Food and Beverage Alternatives Market (by Country), 2019 and 2024...................................................................................................................... 164 Figure 7.34: Brazil Plant-Based Food and Beverage Alternatives Market, 2018-2024...................... 165 Figure 7.35: Argentina Plant-Based Food and Beverage Alternatives Market, 2018-2024 ............... 166 Figure 7.36: Others Plant-Based Food and Beverage Alternatives Market, 2018-2024 .................... 167 Figure 8.1: Segmentation of Key Companies Profiled ...................................................................... 168 Figure 8.2: Amy’s Kitchen: SWOT Analysis ...................................................................................... 171 Figure 8.3: Before the Butcher LLC: SWOT Analysis ....................................................................... 174 Figure 8.4: Beyond Meat Inc.: Overall Financials, 2018-2019........................................................... 176 Figure 8.5: Beyond Meat Inc.: Net Revenue by Operating Segment 2018-2019 .............................. 177 Figure 8.6: Beyond Meat Inc.: SWOT Analysis ................................................................................. 178 Figure 8.7: Blue Diamond Growers Inc.: SWOT Analysis ................................................................. 181 Figure 8.8: Boca Foods Co.: SWOT Analysis ................................................................................... 183 Figure 8.9: Califia Farms LP: SWOT Analysis .................................................................................. 185 Figure 8.10: ConAgra Brands Inc.: Overall Financials, 2016-2018 ................................................... 187 Figure 8.11: ConAgra Brands Inc.: Net Revenue by Operating Segment 2016-2018 ....................... 188 Figure 8.12: ConAgra Brands Inc.: Net Revenue by Regional Segment 2016-2018......................... 189 Figure 8.13: ConAgra Brands Inc.: SWOT Analysis.......................................................................... 190 Figure 8.14: Daiya Foods Inc.: SWOT Analysis ................................................................................ 193 Figure 8.15: Danone S.A.: Overall Financials, 2016-2018 ................................................................ 196 Figure 8.16. Danone S.A.: Net Revenue by Operating Segment 2016-2018 .................................... 197 Figure 8.17: Danone S.A.: Net Revenue by Regional Segment 2016-2018 ..................................... 198 Figure 8.18: Danone S.A.: SWOT Analysis ...................................................................................... 199 Figure 8.19: Dr. McDougall’s Right Foods: SWOT Analysis ............................................................. 201 Figure 8.20: Field Roast Grain Meat Co. Inc.: SWOT Analysis ......................................................... 204

All rights reserved at BIS Research

16

Global Plant-Based Food and Beverage Alternatives Market

Figure 8.21: Good Karma Foods: SWOT Analysis ........................................................................... 206 Figure 8.22: Impossible Foods Inc.: SWOT Analysis ........................................................................ 208 Figure 8.23: JUST Inc.: SWOT Analysis ........................................................................................... 210 Figure 8.24: Kite Hill: SWOT Analysis............................................................................................... 212 Figure 8.25: Lightlife Foods: SWOT Analysis.................................................................................... 215 Figure 8.26: Morningstar Farm: SWOT Analysis .............................................................................. 218 Figure 8.27: Moving Mountains: SWOT Analysis.............................................................................. 221 Figure 8.28: Pacific Foods of Oregon LLC.: SWOT Analysis ............................................................ 223 Figure 8.29: Quorn Foods Ltd.: SWOT Analysis ............................................................................... 225 Figure 8.30: Ripple Foods: SWOT Analysis...................................................................................... 227 Figure 8.31: Sweet Earth Inc.: SWOT Analysis................................................................................. 230 Figure 8.32: The Meatless Farm Co.: SWOT Analysis ..................................................................... 232 Figure 8.33: The Vegetarian Butcher: SWOT Analysis ..................................................................... 234 Figure 8.34: Tofurkey: SWOT Analysis ............................................................................................. 237 Figure 8.35: Upfield: SWOT Analysis................................................................................................ 239 Figure 8.36: Wildwood Foods: SWOT Analysis ................................................................................ 241 Figure 8.37: Yofix Probiotics Ltd.: SWOT Analysis ........................................................................... 243 Figure 9.1: Global Plant-Based Food and Beverage Alternatives Market Scope .............................. 246 Figure 9.2 Global Plant-Based Food and Beverage Alternatives Market Segmentation ................... 247 Figure 9.3: Report Methodology ....................................................................................................... 247 Figure 9.4: Primary Interviews Breakdown, by Player, Designation, and Country............................. 249 Figure 9.5: Sources of Secondary Research .................................................................................... 250 Figure 9.6: Data Triangulation .......................................................................................................... 251 Figure 9.7: Top Down-Bottom-Up Approach for Market Estimation .................................................. 252

All rights reserved at BIS Research

17

Global Plant-Based Food and Beverage Alternatives Market

List of Tables Table 1: Market Snapshot: Global Plant-Based Food and Beverage Alternatives Market .................. 26 Table 1.1: Impact Analysis of Drivers.................................................................................................. 36 Table 1.2: Impact Analysis of Restraints ............................................................................................. 39 Table 3.1: Emerging Start-Ups in the Plant-Based Food and Beverage Alternatives Market ............. 53 Table 3.2: Regulatory Bodies in North America .................................................................................. 57 Table 3.3: Regulatory Bodies in Europe ............................................................................................. 58 Table 3.4: Regulatory Bodies in Asia-Pacific ...................................................................................... 58 Table 4.1: Global Plant-Based Food and Beverage Alternatives Market (by Product Type), $Billion, 2018-2024 ................................................................................................................. 61 Table 4.2: Global-Plant-based Dairy Market (by Subtype), $Billion, 2018-2024.................................. 63 Table 4.3: Plant-Based Milk: Types .................................................................................................... 64 Table 4.4: Key Plant-Based Milk Products Provided by Key Companies ............................................ 65 Table 4.5: Key Developments Pertaining to Plant-Based Milk ............................................................ 67 Table 4.6: Plant-Based Cheese: Types .............................................................................................. 68 Table 4.7: Key Plant-Based Cheese Products Provided by Key Companies ...................................... 69 Table 4.8: Key Developments Pertaining to Plant-Based Cheese Products ....................................... 70 Table 4.9: Plant-Based Creamers: Types ........................................................................................... 71 Table 4.10: Key Plant-Based Creamer Products Provided by Key Companies .................................. 72 Table 4.11: Key Developments Pertaining to Plant-Based Creamer Products.................................... 73 Table 4.12: Key Plant-Based Butter Products Provided by Key Companies ....................................... 74 Table 4.13: Key Plant-Based Yogurt Products Provided by Key Companies ...................................... 76 Table 4.14: Key Developments Pertaining to Plant-Based Yogurt Products ....................................... 77 Table 4.15: Emission Intensity of Different Food Types ...................................................................... 78 Table 4.16: Global-Plant-based Meat Market (by Subtype), $Billion, 2018-2024 ................................ 79 Table 4.17: Key Plant-Based Meat Products Provided by Key Companies ........................................ 80 Table 4.18: Key Developments Pertaining to Plant-Based Meat Products.......................................... 81 Table 4.19: Global-Plant-based Other Products Market (by Subtype), $Billion, 2018-2024 ............... 83 Table 4.20: Key Plant-Based Food and Beverage Other Products Provided by Key Companies ............................................................................................................................. 84 Table 4.21: Key Developments Pertaining to Plant-Based Food and Beverage Other Products ........ 85

All rights reserved at BIS Research

18

Global Plant-Based Food and Beverage Alternatives Market

Table 5.1: Global Plant-Based Food and Beverage Alternatives Market (by Source), $Billion, 2018-2024 .............................................................................................................................. 87 Table 5.2: Key Soy-Based Plant-Based Food and Beverage Alternatives Provided by Key Companies ............................................................................................................................. 89 Table 5.3: Key Developments Pertaining to Soy-Based Plant-Based Food and Beverage Alternatives ............................................................................................................................. 90 Table 5.4: Key Wheat based Plant-Based Food and Beverage Alternatives Provided by Key Companies ............................................................................................................................. 92 Table 5.5: Key Developments Pertaining to the Wheat-Based Plant-Based Food and Beverage Alternatives............................................................................................................. 93 Table 5.6: Key Almond-Based Plant-Based Alternatives Provided by Key Companies ...................... 96 Table 5.7: Key Developments Pertaining to the Almond-Based Plant-Based Food and Beverage Alternatives............................................................................................................. 97 Table 5.8: Key Corn-Based Plant-Based Alternatives Provided by Key Companies........................... 98 Table 5.9: Key Developments Pertaining to the Corn-Based Plant-Based Food and Beverage Alternatives............................................................................................................. 99 Table 5.10: Other Key Plant-Based Food and Beverage Alternatives Provided by Key Companies .................................................................................................................... 101 Table 5.11: Key Developments Pertaining to Other Plant-Based Alternatives .................................. 103 Table 6.1: Global Plant-Based Food and Beverage Alternatives Market (by Distribution Channel), $Billion, 2018-2024............................................................................................... 105 Table 6.2: Key Developments Pertaining to the Sale of Plant-Based Products Through Supermarkets/Hypermarkets .................................................................................. 107 Table 6.3: Key Developments Pertaining to the Sale of Plant-Based Products Through Other Distributional Channels ............................................................................................... 114 Table 7.1: Global Plant-Based Food and Beverage Alternatives Market (by Region), $Billion, 2018-2024 ............................................................................................................... 116 Table 7.2: Key Developments Pertaining to the North America Plant-Based Food and Beverage Alternatives Market ............................................................................................... 120 Table 7.3: North America Plant-Based Food and Beverage Alternatives Market (by Product Type), $Billion, 2018-2024 ................................................................................. 122

All rights reserved at BIS Research

19

Global Plant-Based Food and Beverage Alternatives Market

Table 7.4: North America Plant-Based Food and Beverage Alternatives Market (by Country), $Million, 2018-2024 .............................................................................................................. 124 Table 7.5: Key Developments Pertaining to the Europe Plant-Based Food and Beverage Alternatives Market ............................................................................................................... 133 Table 7.6: Europe Plant-Based Food and Beverage Alternatives Market (by Product Type), $Billion, 2018-2024 ............................................................................................................... 135 Table 7.7: Europe Plant-Based Food and Beverage Alternatives Market (by Country), $Billion, 2018-2024 ............................................................................................................... 137 Table 7.8: Key Developments Pertaining to the Asia-Pacific Plant-Based Food and Beverage Alternatives Market ............................................................................................... 147 Table 7.9: Asia-Pacific Plant-Based Food and Beverage Alternatives Market (by Product Type), $Billion, 2018-2024 .................................................................................................... 148 Table 7.10: Asia-Pacific Plant-Based Food and Beverage Alternatives Market (by Country), $Billion, 2018-2024 ............................................................................................................... 151 Table 7.11: Key Developments Pertaining to the RoW Plant-Based Food and Beverage Alternatives Market ............................................................................................................... 162 Table 7.12: RoW Plant-Based Food and Beverage Alternatives Market (by Product Type), $Billion, 2018-2024 ............................................................................................................... 162 Table 7.13: RoW Plant-Based Food and Beverages Alternatives Market (by Country), $Billion, 2018-2024 ............................................................................................................... 164 Table 8.1: Amy’s Kitchen: Product Portfolio ...................................................................................... 170 Table 8.2: Before the Butcher LLC: Product Portfolio ....................................................................... 173 Table 8.3: Beyond Meat Inc.: Product Portfolio ................................................................................. 176 Table 8.4: Blue Diamond Growers Inc.: Product Portfolio ................................................................. 180 Table 8.5: Boca Foods Co.: Product Portfolio ................................................................................... 182 Table 8.6: Califia Farms LP: Product Portfolio .................................................................................. 184 Table 8.7: ConAgra Brands Inc.: Product Portfolio ........................................................................... 187 Table 8.8: Daiya Foods Inc.: Product Portfolio .................................................................................. 192 Table 8.9: Danone S.A.: Product Portfolio ........................................................................................ 195 Table 8.10: Dr. McDougall’s Right Foods: Product Portfolio ............................................................. 200 Table 8.11: Field Roast Grain Meat Co. Inc.: Product Portfolio ......................................................... 203 Table 8.12: Good Karma Foods: Product Portfolio ........................................................................... 205

All rights reserved at BIS Research

20

Global Plant-Based Food and Beverage Alternatives Market

Table 8.13: Impossible Foods Inc.: Product Portfolio ........................................................................ 208 Table 8.14: JUST Inc.: Product Portfolio ........................................................................................... 209 Table 8.15: Kite Hill: Product Portfolio............................................................................................... 211 Table 8.16: Lightlife Foods: Product Portfolio ................................................................................... 214 Table 8.17: Morningstar Farm: Product Portfolio .............................................................................. 217 Table 8.18: Moving Mountains: Product Portfolio.............................................................................. 220 Table 8.19: Pacific Foods of Oregon LLC.: Product Portfolio ............................................................ 222 Table 8.20: Quorn Foods Inc.: Product Portfolio ............................................................................... 224 Table 8.21: Ripple Foods: Product Portfolio...................................................................................... 226 Table 8.22: Sweet Earth Inc.: Product Portfolio ................................................................................ 229 Table 8.23: The Meatless Farm Co.: Product Portfolio ..................................................................... 231 Table 8.24: The Vegetarian Butcher: Product Portfolio ..................................................................... 233 Table 8.25: Tofurkey: Product Portfolio............................................................................................. 236 Table 8.26: Upfield: Product Portfolio ............................................................................................... 238 Table 8.27: Wildwood Foods: Product Portfolio ................................................................................ 241 Table 8.28: Yofix Probiotics Ltd.: Product Portfolio ........................................................................... 242 Table 8.29: Other key Plant-Based Alternatives Providers ............................................................... 244

All rights reserved at BIS Research

21

Global Plant-Based Food and Beverage Alternatives Market

BIS Research Offerings: We’re on a mission to harness the potential of disruptive technologies to make businesses thrive in today’s digital age. Witsh a vision to be a leading and a preferred knowledge partner for corporates and institutions worldwide and assist with market intelligence in the area of emerging technologies, advisory, and other innovative solutions.

Know More

Know More

Know More

Know More

All rights reserved at BIS Research

22

Global Plant-Based Food and Beverage Alternatives Market

Disclaimer BIS Research provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published or reproduced, in whole or in part, by any medium or in any form for any purpose, without the express written consent of BIS Research. Customer will not disclose the contents of the report, whether directly in any media or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of Information to generate any statistical or other information that is or will be provided to third parties; or voluntarily produce Information in legal proceedings.

Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or businesses. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies.

For more details regarding permission, please contact us: Email: sales@bisresearch.com Tel: +1 510 404 8135

All rights reserved at BIS Research

23

Global Plant-Based Food and Beverage Alternatives Market

BIS RESEARCH INC. 39111 Paseo Padre PKWY, Suite 313 Fremont, CA 94538 -1686 E-mail: info@bisresearch.com | Call Us: +1-510-404-8135

Global Delivery Center Tower B First Floor, Tapasya Corporate Heights, Greater Noida Expressway, Sector 126, Noida, U.P., 201303, India Tel: +91 120 4261540 / 4261544 All rights reserved at BIS Research

www.bisresearch.com

24