United States Plant Based Food Market to grow with a CAGR of 9.69% from 2021-2027

According to the latest report by Renub Research, titled “United States Plant Based Food Market Forecast By Segments, Food Services, Merger and Acquisitions, Company Analysis” the United States Plant Based Food Market Size will reach to US$ 10.7 Billion in 2027. With an increased focus on reaching net-zero emissions, the shift to climate-friendly, sustainable protein production presents significant sales and investment opportunities. In addition to the clear opportunity presented by growing consumer excitement around plant-based options in the U.S, this motivation made 2020 a record-breaking year for plant-based sales and investments.

United States Plant-based Food Industry was US$ 5.6 Billion in 2020

In the United States, plant-based food has become popular to reduce the diet’s environmental footprint and promote human health and animal welfare. Plant-based foods are derived from plants (including grains, vegetables, nuts, seeds, legumes, and fruits) with no animal-source foods or artificial ingredients. Plant-based food supports Americans health and is appropriate throughout all life stages, including lactation, pregnancy, childhood, and adulthood, as well as for athletes.

Furthermore, increasing incidences of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in plant-based product manufacturers are key factors driving the plant-based products market’s growth in the United States. According to Veg News, in 2020, nearly one-fourth of American consumers (23 percent) have consumed plant-based food products.


Impact of COVID-19 on United States Plant Based Food Industry

The pandemic has changed the way United States consumers interact with food. The United States people are incorporating more plant-based foods into their diets as it is becoming increasingly critical to have a robust immune system. This has happened in the surge of interest and subsequent consumption of plant-based meals. Plant-based foods (including plant-based meats) have been showing strong growth during the COVID-19 pandemic, likely to elevate the market space for plant protein in the United States food manufacturing industry.


Competitive Analysis: Beyond Meat shares Rises 26% in the year 2021

The United States plant-based food market is highly competitive owing to many players such as Beyond meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg, Hormel Foods Corporation. To expand their market shares, companies are concentrating on new and innovative products. For instance, in 2021, Beyond Meat shares soar 26% as the company teams up with PepsiCo to make plant-based snacks and drinks.


Plant Based Foods getting Integrated in Menus of United States Food service Industry

In recent years, plant-based food has gained traction in United States full-service restaurants, limited-service restaurants, hotels and motels menus, and retail stores. Plant-based Butter, Cheese and Tofu and Tempeh are popping up in many full-service restaurants that offer varieties of plant-based products depending upon their customer’s preferences and needs.


Besides, retail formats offer a wide range of products like plant-based Dairy Spreads, Dips, Sour Cream, Sauces, Ready-to-Drink, Beverages, Condiments, Dressings, and Mayo etc. at a competitive price to customers. They are usually located in regularly accessible areas. Burger and patties are more popular in the shelf space of retail outlets. Ice cream and Frozen Novelty are booming in popular as health-conscious consumers embrace new ice cream alternatives. Most United States retail carry the brand of vegan ice cream in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, fudge bars, and more.

Plant-based Beverages gaining Rapid Traction in United States

Across the United States, plant-based food trend continues to grow due to its varieties like Plant-based milk, Plant-based meat, meals, Plant-based ice cream and frozen novelty, Plant-based creamer, Plant-based yoghurt, butter, cheese, Tofu and tempeh, plant-based ready-to-drink beverages, Plant-based dairy spreads, dips, sour cream, and sauces etc. Plant-based milk products such as almond, soy, coconut, cashew, oat, rice are gaining rapid traction among food service providers in the United States. It is majorly used in all kinds of dishes, such as curries, soups, smoothies, and others. Americans prefer plant milk over other dairy or animal milk because of its high nutrition value, Omega-3 fatty acids and vitamins.

Plant-based meat encourages American people to eat more. The nutritional benefits of plant-based meats and their safety compared with conventional meat are also important factors contributing to gaining consumers’ attention. Consumption of plant-based meat does not give rise to obesity, type-2 diabetes and heart disease.

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Report Summary

  • Segments – We have covered by segment in the United States Plant-Based Food Market breakup by 13 viewpoints (Plant-based Milk, Plant-based Meat, Plant-based Meals, Plant-based Ice Cream and Frozen Novelty, Plant-based Creamer, Plant-based Yogurt, Plant-based Butter, Plant-based Cheese, Tofu and Tempeh, Plant-based Ready-to-Drink Beverages, Plant-based Condiments, Dressings, and Mayo, Plant-based Dairy Spreads, Dips, Sour Cream, and Sauces and Plant-based Eggs)
  • Food Services – Renub Research Report covered by Food Services the United States Plant Based Food Market breakup by 8 viewpoints (Full-service Restaurants, Limited-Service Restaurants, Drinking Places, Hotels and Motels, Retail Stores and Vending, Recreational Places, Schools and Colleges and Others)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Beyond Meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg and Hormel Foods Corporation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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United States Plant Based Food Market Report By Renub Research

Plant-based food is derived from plant, including vegetables, fruits, grains, seed or legume, beans, and oil. Plant-based products considered to be more digestible as compared to animal-based food. In the United States, people are shifting towards plant-based foods, which attributes to the U.S. non-vegetarian or dairy industry’s impact. According to Vegan news, 2020 Americans following plant-based diets was up nearly 9.6 million over the last 15 years. This was a 300% increase and almost 3 percent of the population in the United States. According to Renub Research, the United States Plant-Based Food Market will increase to US$ 10.7 Billion in 2027.

us plant based food market 2020 – 2027

Plant-based milk has wide application in the food and beverage industry. Various plant milk types like soya, almonds, coconuts, oats, and rice milk are present in the market. Americans prefer plant milk over any other dairy or animal milk because of its high nutrition value, Omega-3 fatty acid and vitamins. There has been phenomenal growth in the number of people who are turning vegan and preferring a plant-based diet. Due to this, many full services restaurants in the United States also offer varieties of plant-based products depending upon their customer’s preferences and needs. The United States Plant-based Food Industry was US$ 5.6 Billion in 2020.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/united-states-plant-based-food-market-p.php

The United States Plant-Based Food has varieties like Plant-based milk, Plant-based meat, Plant-based meals, Plant-based ice cream and frozen novelty, Plant-based creamer, Plant-based yoghurt, butter, cheese, Tofu and tempeh, plant-based ready-to-drink beverages, Plant-based dairy spreads, dips, sour cream, and sauces etc. It mimics traditional beef using plant ingredient. Plant-based meat is expected to grow during the forecast period. As per our research findings, the Plant-Based Food Market in the United States is expected to grow with a CAGR of 9.69%.

The rising concern regarding the environmental impacts of livestock production and meat availability has led many American people to shift to plant-based meat substitutes. Besides, lactose intolerance among infants and adults in the United States is a foremost issue boosting plant-based milk market growth. Whereas the popularity of gluten-free and low carbs diet helps increase the demand for Tofu among both vegans and non-vegan people. Moreover, increasing obesity and health consciences among the people of the United States is increasing demand for plant-based food items as they are natural and low in fat and calorie content.

Although plant-based food has many benefits over animal-based products, it is expensive and not easily afforded by common people are some challenges of the plant-based food industry.

In 2019, research presented at the American College of Allergy,

• Asthma and Immunology (ACAAI) Meeting suggests that over 2% of all U.S. children below the age of five have a milk allergy
• 53% of food-allergic infants under 12 months have a cow milk allergy

Renub Research report title “United States Plant Based Food Market” By Segments (Plant-based Milk, Plant-based Meat, Plant-based Meals, Plant-based Ice Cream and Frozen Novelty, Plant-based Creamer, Plant-based Yogurt, Plant-based Butter, Plant-based Cheese, Tofu and Tempeh, Plant-based Ready-to-Drink Beverages , Plant-based Condiments, Dressings, and Mayo , Plant-based Dairy Spreads, Dips, Sour Cream, and Sauces and Plant-based Eggs) By Food Services(Full-service Restaurants, Limited-Service Restaurants, Drinking Places, Hotels and Motels, Retail Stores and Vending, Recreational Places, Schools and Colleges and Others) Company (Beyond Meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg and Hormel Foods Corporation) provides in depth analysis on current trends on United States Plant Based Food Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=united-states-plant-based-food-market-p.php

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research