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    United States Plant Based Food Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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    Jan 2024
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    United States Plant Based Food Market Outlook

    United States Plant Based Food Market size is predicted to gain US$ 19.07 Billion by 2030, in line with Renub Research. Plant-based ingredients are an increasingly more famous meals choice this is crafted from plant based sources and free from dairy or meat. These components are gaining traction due to their nutritional value, excessive protein content, abundance of minerals and vitamins, and their environmentally-pleasant nature. Similarly, meat alternatives, which are products made to flavor, smell, and seem like real meat however are healthier than meat, also are gaining a popularity. The substances used in these meat alternatives are soy, wheat, and peas.

    The plant-based food market in the United States is predicted to grow steadily because of the growing demand for nutritious and eco-friendly options. Many companies have recounted this demand and are introducing plant-based meals items with clean labels and plant-based components. However, the increasing cost of plant based food may additionally avoid growth, especially in countries with low consumer per capita income.

    The reputation of plant-based products is on the upward thrust, and it is a trend that is in all likelihood to continue within the United States. With its numerous benefits, along with environmental sustainability and dietary value, this meals choice is increasingly turning attractive to customers.


    United States plant-based food market is predicted to grow at a CAGR of 11.54% between 2024 and 2030

    The US plant based food industry has visible an upward thrust in recent decade due to consumer' growing awareness on decreasing animal product intake. Plant-based meat is gaining more significance, specifically in the context of vegan diets, which involve avoiding animal based foods altogether. People adopt this way of life for numerous motives, consisting of fitness and ethical issues, promoting sustainability, and preventing animal cruelty in their food and beverages. The market for plant based food is rising, pushed by factors like health concerns, environmental focus, and changing consumer possibilities. The trend towards plant based diets and alternative proteins have been gaining momentum within the United States, and the market is expected to develop even more in the coming years.


    The food market is currently experiencing a surge in preference for plant-based diets, along with vegetarian, vegan, and flexitarian, fueled by rising health cognizance and interest in sustainable meal alternatives. According to Amy's Kitchen in April 2023 confirmed that 52% of Americans expressed an interest in vegan food. The US plant-based food market became valued at US$ 8.88 Billion in 2023.


    Meat alternatives will represent maximum share in the plant-based food market in the United States

    By Segments, The United States Plant-Based Food Market is segmented into Milk, Meat, Meals, Ice Cream, Yogurt, Creamer, Butter, Cheese, Tofu and Tempeh, Ready to drink Beverages, Condiments, Dressings, and Mayo, Spreads, Dips, Sour Cream and Sauces, Eggs, and Others. The plant-based meat industry inside the US is anticipated to increase appreciably because of the rising reputation of vegetarian and vegan diets. Soy based meat alternatives are becoming increasingly renowned because of their meat-like texture and flavors. Brands and startups inside the US are introducing soy-based products to cater to the developing demand, driven through consumer' desire for allergen-loose ingredients, health interest, sustainability problems, and advanced taste and availability of plant-based products in grocery stores.


    Lion’s revenue share in the United States plant-based food market is held by Quick Service Restaurants (QSR)

    The US plant based food market is segmented into various categories: quick-provider eating places (QSR), full-provider restaurants, education, healthcare, lodging/casinos, recreation, commercial enterprise and industry, and others. The QSR industry in the US is booming, thanks to the factor including fast urbanization, growing disposable income, and advancement in flavors and capabilities. There has been an extensive growth inside the popularity of plant based meat, with several fast food chains globally leaping on the trend. KFC, for instance, has become the first fast food chain to introduce a plant based chicken product to its menu. In January 2022, KFC delivered Beyond Fried Chicken nuggets made from plant-based meat to its menu in the US, marking a substantial milestone within the food market journey towards sustainable and ethical meals manufacturing.


    Key Player

    Some of the predominant companies in the Plant-Based Food Market of the US are Beyond Meat Inc., Conagra Brands, Maple Leaf Food Inc., Archer Daniels Midland, US Foods Holding Corp, Kellanova, Tyson Foods, and Hormel Foods Corporation.


    Renub Research report title “United States Plant-Based Food Market” By Segments (into Milk, Meat, Meals, Ice Cream, Yogurt, Creamer, Butter, Cheese, Tofu and Tempeh, Ready to Drink Beverages, Condiments, Dressings, and Mayo, Spreads, Dips, Sour Cream and Sauces, Eggs, and Others) By Food Services(quick-service restaurants (QSR), full-service restaurants, education, healthcare, lodging/casino, recreation, business and industry, and others) Company (Beyond Meat Inc., Conagra Brands, Maple Leaf Food Inc., Archer Daniels Midland, US Foods Holding Corp, Kellanova, Tyson Foods, and Hormel Foods Corporation) provides in-depth analysis on current trends on the United States Plant-Based Food Industry.


    Segments – Market breakup from 14 Viewpoints

    1.    Milk
    2.    Meat
    3.    Meals
    4.    Ice Cream
    5.    Yogurt
    6.    Creamer
    7.    Butter
    8.    Cheese
    9.    Tofu and Tempeh
    10.    Ready to Drink Beverages
    11.    Condiments, Dressings and Mayo
    12.    Spreads, Dips, Sour Cream and Sauces
    13.    Eggs
    14.    Others


    Food Services – Market breakup from 8 Viewpoints

    1.    Quick Service Restaurants (QSR) 
    2.    Full Service Restaurants
    3.    Education 
    4.    Healthcare 
    5.    Lodging/Casino 
    6.    Recreation 
    7.    Business and Industry 
    8.    Others


    Merger and Acquisitions

    All companies have been covered from 3 Viewpoints

    •    Overviews
    •    Recent Developments
    •    Revenues


    Company Analysis – Market breakup from 8 Viewpoint

    1.    Beyond Meat Inc.
    2.    Conagra Brands
    3.    Maple Leaf Food Inc.
    4.    Archer Daniels Midland
    5.    US Foods Holding Corp
    6.    Kellanova
    7.    Tyson Foods
    8.    Hormel Foods Corporation


    Report Details:

    Report Features Details
    Base Year 2023
    Historical Period 2018 - 2023
    Forecast Period 2024 - 2030
    Market US$ Billion
    Segment Covered Segments, and Food Service
    Companies Covered Beyond Meat Inc., Conagra Brands, Maple Leaf Food Inc., Archer Daniels Midland, US Foods Holding Corp, Kellanova, Tyson Foods, and Hormel Foods Corporation
    Customization Scope 20% Free Customization
    Post-Sale Analyst Support 1 Year (52 Weeks)
    Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

    1.    Introduction

    2.    Research Methodology

    3.    Executive Summary

    4.     Market Dynamics

    4.1    Growth Drivers
    4.2    Challenges


    5.    United States Plant Based Food Market

    6.    Market Share – United States Plant Based Food Market

    6.1    By Segments
    6.2    By Food Service


    7.    Segments – United States Plant Based Food Market

    7.1    Milk
    7.2    Meat
    7.3    Meals
    7.4    Ice Cream
    7.5    Yogurt
    7.6    Creamer
    7.7    Butter
    7.8    Cheese
    7.9    Tofu and Tempeh
    7.10    Ready to drink Beverages
    7.11    Condiments, Dressings and Mayo
    7.12    Spreads, Dips, Sour Cream and Sauces
    7.13    Eggs
    7.14    Others


    8.    Food Service – United StatesPlant Based Food Market

    8.1    Quick Service Restaurants (QSR)
    8.2    Full Service Restaurants
    8.3    Education
    8.4    Healthcare
    8.5    Lodging/Casino
    8.6    Recreation
    8.7    Business and Industry
    8.8    Others


    9.    Porter’s Five Forces Analysis – United States Plant Based Food Market

    9.1    Bargaining Power of Buyers
    9.2    Bargaining Power of Suppliers
    9.3    Degree of Rivalry
    9.4    Threat of New Entrants
    9.5    Threat of Substitutes


    10.    SWOT Analysis – United StatesPlant Based Food Market

    10.1    Strength
    10.2    Weakness
    10.3    Opportunity
    10.4    Threat


    11.    Key Players Analysis

    11.1    Beyond Meat

    11.1.1    Overview
    11.1.2    Recent Development
    11.1.3    Revenue Analysis

    11.2    Conagra Brands

    11.2.1    Overview
    11.2.2    Recent Development
    11.2.3    Revenue Analysis

    11.3    Maple Leaf Foods Inc.

    11.3.1    Overview
    11.3.2    Recent Development
    11.3.3    Revenue Analysis

    11.4    Tyson Foods Inc.

    11.4.1    Overview
    11.4.2    Recent Development
    11.4.3    Revenue Analysis

    11.5    Kellanavo

    11.5.1    Overview
    11.5.2    Recent Development
    11.5.3    Revenue Analysis

    11.6    Archer Daniels Midland

    11.6.1     Overview
    11.6.2    Recent Development
    11.6.3    Revenue Analysis

    11.7    US Foods Holding

    11.7.1    Overview
    11.7.2    Recent Development
    11.7.3    Revenue Analysis

    11.8    Hormel Foods Corporation

    11.8.1    Overview
    11.8.2    Recent Development
    11.8.3    Revenue Analysis


    List of Figures:

    Figure-01:    United States – Plant Based Food Market (Billion US$), 2019 – 2023
    Figure-02:    United States – Forecast for Plant Based Food Market (Billion US$), 2024 – 2030
    Figure-03:    Segment – Milk Market (Million US$), 2019 – 2023
    Figure-04:    Segment – Forecast for Milk Market (Million US$), 2024 – 2030
    Figure-05:    Segment – Meat Market (Million US$), 2019 – 2023
    Figure-06:    Segment – Forecast for Meat Market (Million US$), 2024 – 2030
    Figure-07:    Segment – Meals Market (Million US$), 2019 – 2023
    Figure-08:    Segment – Forecast for Meals Market (Million US$), 2024 – 2030
    Figure-09:    Segment – Ice Cream Market (Million US$), 2019 – 2023
    Figure-10:    Segment – Forecast for Ice Cream Market (Million US$), 2024 – 2030
    Figure-11:    Segment – Yogurt Market (Million US$), 2019 – 2023
    Figure-12:    Segment – Forecast for Yogurt Market (Million US$), 2024 – 2030
    Figure-13:    Segment – Creamer Market (Million US$), 2019 – 2023
    Figure-14:    Segment – Forecast for Creamer Market (Million US$), 2024 – 2030
    Figure-15:    Segment – Butter Market (Million US$), 2019 – 2023
    Figure-16:    Segment – Forecast for Butter Market (Million US$), 2024 – 2030
    Figure-17:    Segment – Cheese Market (Million US$), 2019 – 2023
    Figure-18:    Segment – Forecast for Cheese Market (Million US$), 2024 – 2030
    Figure-19:    Segment – Tofu and Tempeh Market (Million US$), 2019 – 2023
    Figure-20:    Segment – Forecast for Tofu and Tempeh Market (Million US$), 2024 – 2030
    Figure-21:    Segment – Ready to Drink Beverages Market (Million US$), 2019 – 2023
    Figure-22:    Segment – Forecast for Ready to Drink Beverages Market (Million US$), 2024 – 2030
    Figure-23:    Segment – Condiments, Dressings and Mayo Market (Million US$), 2019 – 2023
    Figure-24:    Segment – Forecast for Condiments, Dressings and Mayo Market (Million US$), 2024 – 2030
    Figure-25:    Segment – Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2019 – 2023
    Figure-26:    Segment – Forecast for Spreads, Dips, Sour Cream and Sauces Market (Million US$), 2024 – 2030
    Figure-27:    Segment – Eggs Market (Million US$), 2019 – 2023
    Figure-28:    Segment – Forecast for Eggs Market (Million US$), 2024 – 2030
    Figure-29:    Segment – Others Market (Million US$), 2019 – 2023
    Figure-30:    Segment – Forecast for Others Market (Million US$), 2024 – 2030
    Figure-31:    Food Service – Quick Service Restaurants (QSR) Market (Million US$), 2019 – 2023
    Figure-32:    Food Service – Forecast for Quick Service Restaurants (QSR) Market (Million US$), 2024 – 2030
    Figure-33:    Food Service – Full Service Restaurants Market (Million US$), 2019 – 2023
    Figure-34:    Food Service – Forecast for Full Service Restaurants Market (Million US$), 2024 – 2030
    Figure-35:    Food Service – Education Market (Million US$), 2019 – 2023
    Figure-36:    Food Service – Forecast for Education Market (Million US$), 2024 – 2030
    Figure-37:    Food Service – Healthcare Market (Million US$), 2019 – 2023
    Figure-38:    Food Service – Forecast for Healthcare Market (Million US$), 2024 – 2030
    Figure-39:    Food Service – Lodging/Casino Market (Million US$), 2019 – 2023
    Figure-40:    Food Service – Forecast for Lodging/Casino Market (Million US$), 2024 – 2030
    Figure-41:    Food Service – Recreation Market (Million US$), 2019 – 2023
    Figure-42:    Food Service – Forecast for Recreation Market (Million US$), 2024 – 2030
    Figure-43:    Food Service – Business and Industry Market (Million US$), 2019 – 2023
    Figure-44:    Food Service – Forecast for Business and Industry Market (Million US$), 2024 – 2030
    Figure-45:    Food Service – Others Market (Million US$), 2019 – 2023
    Figure-46:    Food Service – Forecast for Others Market (Million US$), 2024 – 2030
    Figure-47:    Beyond Meat – Global Revenue Market (Million US$), 2019 – 2023
    Figure-48:    Beyond Meat – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-49:    Conagra Brands – Global Revenue Market (Million US$), 2019 – 2023
    Figure-50:    Conagra Brands – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-51:    Maple Leaf Foods Inc. – Global Revenue Market (Million US$), 2019 – 2023
    Figure-52:    Maple Leaf Foods Inc. – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-53:    Tyson Foods Inc. – Global Revenue Market (Million US$), 2019 – 2023
    Figure-54:    Tyson Foods Inc. – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-55:    Kellanavo – Global Revenue Market (Million US$), 2019 – 2023
    Figure-56:    Kellanavo – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-57:    Archer Daniels Midland – Global Revenue Market (Million US$), 2019 – 2023
    Figure-58:    Archer Daniels Midland – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-59:    US Foods Holding – Global Revenue Market (Million US$), 2019 – 2023
    Figure-60:    US Foods Holding – Forecast for Global Revenue Market (Million US$), 2024 – 2030
    Figure-61:    Hormel Foods Corporation – Global Revenue Market (Million US$), 2019 – 2023
    Figure-62:    Hormel Foods Corporation – Forecast for Global Revenue Market (Million US$), 2024 – 2030


    List of Tables:

    Table-01:    United States – Plant Based Food Market Share by Segments (Percent), 2019 – 2023
    Table-02:    United States – Forecast for Plant Based Food Market Share by Segments (Percent), 2024 – 2030
    Table-03:    United States – Plant Based Food Market Share by Food Service (Percent), 2019 – 2023
    Table-04:    United States – Forecast for Plant Based Food Market Share by Food Service (Percent), 2024 – 2030

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