Plant-based Food Market Size Analysis and Top Companies
The global plant-based food market is estimated at to hit around USD 96.65 billion by 2033 from USD 46.77 billion in 2024 with a CAGR of 8.4% from 2024 to 2033. The top companies operating in the plant-based food market are Bayer AG, Abbott, Koninklijke DSM N.V., DuPont., Amway, The Nature's Bounty Co., GlaxoSmithKline plc., Nestlé, RiceBran Technologies, Mead Johnson & Company, LLC., Medifast, Inc., Premier Nutrition Corporation, TOOTSI IMPEX Inc., U.S. Spice Mills, Inc., Health Food Manufacturers' Association, NOW Foods, Glanbia PLC, Herbalife International of America, Inc., Bionova, Puris, Ingredion GmbH, Morning Star Farms, Sotexpro, Tyson Food, Inc and Others.
Plant-based Food Market Scope
| Report Coverage |
Details |
| Market Size in 2023 |
USD 43.14 Billion |
| Market Size in 2024 |
USD 46.77 Billion |
| Market Size by 2033 |
USD 96.65 Billion |
| Growth Rate from 2024 to 2033 |
CAGR of 8.4% |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
By Product Type, By Source, By Distribution Channel |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Plant-based Food Market Companies
- Bayer AG
- Abbott
- Koninklijke DSM N.V.
- DuPont.
- Amway
- The Nature's Bounty Co.
- GlaxoSmithKline plc.
- Nestlé
- RiceBran Technologies
- Mead Johnson & Company, LLC.
- Medifast, Inc.
- Premier Nutrition Corporation
- TOOTSI IMPEX Inc.
- U.S. Spice Mills, Inc.
- Health Food Manufacturers' Association
- NOW Foods
- Glanbia PLC
- Herbalife International of America, Inc.
- Bionova
- Puris
- Ingredion GmbH
- Morning Star Farms
- Sotexpro
- Tyson Food, Inc.
- Glanbia Plc
- Ocean Hugger Foods
- Good Catch Foods
- Impossible Foods, Inc.
- New Wave Foods
- Sophie's Kitchen, Inc.
- Gardein
- Quorn (Monde Nissin Corporation)
Recent Developments
- Danone announced the new dairy & plants mix infant formula on July 5th, 2022, to satisfy parents' demand for the correct dietary alternatives for a vegetarian, flexible, and plant-based diet while meeting their baby's unique nutritional needs. Danone has retained dominance in 50 decades of scientific breast milk research and plant-based foods and has produced this innovative dairy and plant-based infant formula formulation via well-known brands such as Alpro and Silk.
- Nestle introduced plant-based minced, ground meat and an upgraded version of the fantastic burger, in various European nations like Germany, Norway, Austria, and Sweden in August 2019.
- On September 8, 2020, India created vegan food safety guidelines, including the creation of a new emblem to identify vegan food packs and proper registration for vegan food makers. The proposed Food Safety and Standards (Vegan Food) Regulations 2021 were developed by the Food Safety and Standards Authority of India (FSSAI).
- For the very first time in India, the proposed laws identified vegan food and provided safety restrictions and labeling criteria to identify vegan food items.
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