Plant-based Wellness Foods Market

Plant-based Wellness Foods Market Forecast and CAGR

A plant-based wellness foods focuses on adding plants-based diet & supplements. Plant based Meals or supplements are centered on, vegetables, whole grains, fruits, seeds, legumes and nuts.

The goal of plant-based wellness foods is to enhance the amount of plant-based products consume and to reduce the carbon footprint derived by animal-based products.

According to science, the more a plant-based diet is consumed, the healthier will be overall body, Plant-Based diet boils down to eating whole foods and antioxidant-rich foods, which is why people are shifting towards Plant-based Wellness Foods products.

The rising trend of plant-based meat, egg, yogurt, milk is attracting consumers towards plant-based wellness foods products. The pharmaceutical and beauty & cosmetic industries introducing a product with plant-based tags are gaining high traction specifically among the millennials and gen Z.

Health Benefits Associated With Plant-based Wellness Foods products driving the Market

A plant-based diet has been shown to improve heart health and lower diabetes risk. It makes it easier to maintain a healthy weight because consumers feel full faster and for longer when they consume a plant-based diet or supplement.

Furthermore, according to a literature review in 2019, plant-based diets have been shown to minimize inflammation, which contributes to less asthma, allergies, and other inflammatory diseases.

Moreover, Consumers are either becoming fully vegan or vegetation. A substantial portion of the population has cut down or fully exempted on meat and dairy intake.

 While some of them have been part-time vegans, as they often abstain from consuming animal products for a set period. All these factors are helping the plant-based alternatives market to grow exponentially.

Growing demand for plant-based alternatives

Plant-based Wellness Foods products are becoming more common as people are now more conscious and educated about sustainable consumption. Plant-based nutrition goods also have a healthy alternative to animal-derived wellness products, keeping them right on-trend when it comes to making healthier food and supplement decisions.

Furthermore, manufacturers are focused on bringing new Plant-based Wellness Foods goods into their businesses to gain a greater market share as the demand for Plant-based Wellness Foods grows.

For instance, in 2019- Archer Daniels Midland Company showcased its plant-based protein ingredients, which allow cost-effective meat production as well as vegetarian and vegan alternatives to meet today's market demands.

The US and Canada Demand Outlook for Plant-based Wellness Foods Market

In the global economy, North America accounted for a large share, as the demand for Plant-based Wellness Foods products is highly in demand in the US and Canada.

Meanwhile, consumers' rising concerns regarding animal cruelty, animal welfare and the ethics behind any business as consumers now not only care about the product quality but also the ethics behind the products. Additionally, increased spending on high-quality, natural personal care and beauty products by urban consumers is expected to boost the plant-based wellness foods industry’s growth.

Europe Plant-based Wellness Foods Market Outlook

Europe is projected to be a huge opportunity for plant-based wellness foods, as the region is highly affected by obesity cases and after the recent pandemic the population in the region are focusing more on plant-based diets and supplements.

Asia Pacific Plant-based Wellness Foods Market Outlook

In large markets like India plant-based wellness Foods products market has a huge scope as here the vegetarian population is far higher than in Western countries, the demand for nutritious food products that can provide an inexpensive, non-animal wellness source is ripe.

Israel has the most vegan population with 5% to 8% of the entire population being vegan Plant-based Wellness Foods have a huge opportunity in the country.

Plant-based Wellness Foods Market: Key Players

Some key manufacturers operating the business in the plant-based wellness foods market globally include

• Archer Daniels Midland Company
• Cargill
• DuPont
• Cosucra Groupe
• Wilmar International
• Emsland Group
• PURIS
• Roquette Frères
• Kerry Group
• Glanbia
• Burcon NutraScience Corp 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Plant-based Wellness Foods Market Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Plant-based Wellness Foods s: Market Segmentation

• Based on source, the global Plant-based Wellness Foods market can be segmented as:

  • Vegetables
  • Fruits
  • Roots
  • Grains
  • Leaves
  • Nuts
  • Seeds
  • others

• Based on application, the global Plant-based Wellness Foods market can be segmented as:

  • Food & beverage
  • Pharmaceuticals
  • Biotechnology
  • Others (Beauty & cosmetics)

• Based on special diets, the global Plant-based Wellness Foods market can be segmented as:

  • Vegan
  • Vegetarian

• Based on Function, the global Plant-based Wellness Foods market can be segmented as:

  • Stabilizer
  • Thickener
  • Gelling Agent
  • Others

• Based on the region, the global Plant-based Wellness Foods market can be segmented as:

  • North America
    •  U.S. and Canada
  • Latin America
    • Mexico, Brazil, Peru, Chile, and others
  • Western Europe
    • Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
  • Eastern Europe
    • Poland and Russia
  • Asia Pacific
    • China, India, Japan, ASEAN, Australia, and New Zealand
  • The Middle East and Africa
    •  GCC, Southern Africa, and North Africa

NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.