Home Food & Beverages Plant-Based Food and Beverages Market Size, Share and Forecast to 2031

Plant-Based Food and Beverages Market Size & Outlook, 2023-2031

Plant-Based Food and Beverages Market Size, Share & Trends Analysis Report By Product (Plant-Based Milk and Derivatives, Plant-Based Meat, Bakery and Confectionery, Sweet and Savory Snacks, Plant-Based Juices, RTD Tea and Coffee, Others), By Source (Soy, Wheat, Pea, Coconut, Almond, Cashew, Others), By Category (Conventional, Organic), By Distribution Channel (Store-Based, Non-Store-Based) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRFB54238DR
Last Updated : Nov, 2023
Pages : 110
Author : Anantika Sharma
Format : PDF, Excel

Research Methodology – Plant-Based Food and Beverages Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Plant-Based Food and Beverages Market comprises the following key stages:


Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Plant-Based Food and Beverages Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share

  • Consumer awareness and preferences for plant-based diets.
  • The number of manufacturers and their production capacity for plant-based food and beverages.
  • Price of plant-based food and beverages.
  • Availability and variety of plant-based food and beverages in the market.
  • Market penetration and distribution network of plant-based food and beverages.
  • Ongoing and forecasted demand for plant-based food and beverages.
  • Changes in food laws and regulatory framework.

Key Market Indicators

  • Market size of the global and regional plant-based food and beverage industry.
  • Market share of key players in the plant-based food and beverages industry.
  • Annual growth rate of the plant-based food and beverage market.
  • Trends in consumer consumption of plant-based food and beverages.
  • Investment in Research and Development for the plant-based food and beverages.

Growth Trends

  • The increasing shift towards vegetarian and vegan diets.
  • The emergence of new and innovative plant-based food and beverage products.
  • Growth in the e-commerce channels for plant-based food and beverages.
  • Increasing collaboration and partnerships between various stakeholders in the plant-based food and beverage industry.
  • Growth in the nutritional supplement market driving the demand for plant-based proteins.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Plant-Based Food and Beverages Market. Key inputs include:

Company-Level Information
  • Annual reports, investor presentations, SEC filings
  • Company press releases and product launch announcements
  • Public executive interviews and earnings calls
  • Strategy briefings and M&A updates
Industry and Government Sources
  • Country-level industry associations and trade bodies
  • Government dossiers, policy frameworks, and official releases
  • Whitepapers, working papers, and public R&D initiatives
  • Relevant Associations for the Plant-Based Food and Beverages Market
Market Intelligence Sources
  • Broker reports and financial analyst coverage
  • Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
  • Import/export trade data and tariff databases
  • Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
  • Global macroeconomic indicators and their cascading effect on the industry
  • Demand–supply outlook and value chain analysis
  • Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements
  • Key Opinion Leader (KOL) Engagements
  • Structured interviews with executives, product managers, and domain experts
  • Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
  • Discussions with stakeholders to validate demand-supply gaps
  • Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
  • Cross-verification of market sizing and forecasts with industry insiders
  • Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

  • Demand-side analysis (consumption patterns, adoption trends, customer spending)
  • Supply-side analysis (production, capacity, distribution, and market availability)
  • Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
  • Time-series analysis
  • Regression and correlation studies
  • Baseline modeling
  • Expert validation at each stage

Outcome

The outcome is a comprehensive and validated market model that captures:

  • Market sizing (historical, current, forecast)
  • Growth drivers and restraints
  • Opportunity mapping and investment hotspots
  • Competitive positioning and strategic insights

Available for purchase with detailed segment data, forecasts, and regional insights.

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