North America Plant-based Food Market, By Product Type; By Source; By Distribution Channel; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031

List of Tables

North America Plant-based Food Market Zooming 2.25X to Reach USD 13 Billion by 2031

North America Plant-based Food Market is booming primarily due to the rising awareness about health and wellness, environmental concerns, ethical considerations, and the increasing availability of diverse, convenient plant-based products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America Plant-based Food Market size by value at USD 5.72 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects North America Plant-based Food Market size to boom at a robust CAGR of 12.30% reaching a value of USD 12.87 billion by 2031. The Plant-based Food Market in North America is experiencing significant growth, driven by several key factors. A prominent driver is the increasing consumer shift towards healthier and ethically conscious dietary choices, leading to a surge in demand for plant-based alternatives. Environmental concerns associated with traditional meat production, such as its carbon footprint, are prompting consumers to adopt more sustainable eating habits. Innovation within the food sector has resulted in a variety of novel plant-based products that align with consumer preferences for taste, texture, and nutrition. Additionally, the desire for diverse culinary experiences has led manufacturers to expand their plant-based offerings, catering to a wide range of tastes. Generational shifts, particularly among Millennials and Generation Z, have further propelled plant-based consumption through their lifestyle choices and purchasing power.

Opportunity - Expansion into Untapped Markets and Demographics

North America Plant-based Food Market is experiencing significant growth, as companies expand into untapped markets and demographics. Increasing awareness of plant-based diets among diverse consumer groups, including flexitarians, Gen Z, and minority communities, is driving demand. Rural and suburban areas, previously overlooked, are witnessing rising interest due to improved distribution networks and retailer partnerships. Additionally, targeted marketing strategies focusing on health-conscious consumers, athletes, and eco-conscious buyers are broadening the market reach. As foodservice establishments and mainstream grocery chains introduce more plant-based options, accessibility and affordability are improving, further accelerating market expansion across North America.

Soy-based Plant Protein Sources Dominate the Market

Soy-based products represent the largest segment among plant protein sources in North America Plant-based Food Market. Soy's versatility and high protein content make it a popular choice for various plant-based foods, including meat and dairy alternatives. The market is segmented by product type, distribution channel, and geography, with meat alternatives, dairy alternatives, egg substitutes, and ready meals being key categories. United States leads North America Plant-based Food Market, driven by consumer demand for nutritional foods and healthy diets, with over 9.5 million Americans consuming plant-based products.

Impact of Escalating Geopolitical Tensions on North America Plant-based Food Market

Escalating geopolitical tensions could impact the growth of North America Plant-based Food Market through supply chain disruptions, increased raw material costs, and trade restrictions. Trade and tariff conflicts can affect the availability of key ingredients like soy, pea protein, and nuts due to export bans, reduced agricultural output, or transportation challenges. Rising fuel prices further increase logistics expenses, making plant-based products more expensive. Additionally, economic uncertainty weakens consumer spending, affecting demand for premium plant-based items. However, heightened concerns about food security and self-sufficiency may encourage domestic production and investment in alternative protein sources. Geopolitical instability also influences regulatory policies and trade relations, potentially impacting imports and exports of plant-based food products. Overall, market growth faces short-term volatility but retains long-term potential.

Competitive Landscape

North America Plant-based Food Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Beyond Meat, Impossible Foods, Danone S.A., Nestle S.A., Tyson Foods, Kellogg Company, Maple Leaf Foods, The Hain Celestial Group, Conagra Brands, Unilever, and Tofurky Company. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in North America Plant-based Food Market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and North America Plant-based Food Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Plant-based Food Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC25159

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. North America Plant-based Food Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Drivers
  - 3.2.1.1. Rising consumer awareness of health and environmental benefits
  - 3.2.1.2. Increasing adoption of vegan and flexitarian diets
  - 3.2.1.3. Technological advancements in plant-based food production
- 3.2.2. Restraints
  - 3.2.2.1. High cost of plant-based food products
  - 3.2.2.2. Limited consumer awareness in certain regions
  - 3.2.2.3. Challenges in replicating taste and texture of animal-based foods
- 3.2.3. Opportunities
  - 3.2.3.1. Expansion into untapped markets and demographics
  - 3.2.3.2. Development of innovative plant-based food products
- 3.2.4. Challenges
  - 3.2.4.1. Competition from traditional animal-based food industries
  - 3.2.4.2. Regulatory and labeling complexities
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. North America Plant-based Food Market: Marketing Strategies

5. North America Plant-based Food Market: Pricing Analysis

6. North America Plant-based Food Market Overview

6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Product Type
  - 6.2.1.1. Meat Alternatives
  - 6.2.1.2. Dairy Alternatives
  - 6.2.1.3. Egg Substitutes
  - 6.2.1.4. Plant-based Snacks
  - 6.2.1.5. Beverages
- 6.2.2. By Source
  - 6.2.2.1. Soy-based
  - 6.2.2.2. Wheat-based
  - 6.2.2.3. Pea-based
  - 6.2.2.4. Almond-based
  - 6.2.2.5. Other Plant Sources
- 6.2.3. By Distribution Channel
  - 6.2.3.1. Supermarkets/Hypermarkets
  - 6.2.3.2. Online Retail
  - 6.2.3.3. Specialty Stores
  - 6.2.3.4. Foodservice Channels
- 6.2.4. By End User
  - 6.2.4.1. Household Consumers
  - 6.2.4.2. Foodservice Industry
- 6.2.5. By Country
  - 6.2.5.1. United States
  - 6.2.5.2. Canada

7. United States Plant-based Food Market

7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Source
- 7.2.3. By Distribution Channel
- 7.2.4. By End User

8. Canada Plant-based Food Market

8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Source
- 8.2.3. By Distribution Channel
- 8.2.4. By End User

9. Competitive Landscape

9.1. List of Key Players and Their Offerings
9.2. North America Plant-based Food Market Share Analysis, 2024
- 9.2.1. Competitive Benchmarking, By Operating Parameters
9.3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

10. Impact of Escalating Geopolitical Tensions on North America Plant-based Food Market

11. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

11.1. Beyond Meat
11.2. Impossible Foods
11.3. Danone S.A.
11.4. Nestle S.A.
11.5. Tyson Foods
11.6. Kellogg Company
11.7. Maple Leaf Foods
11.8. The Hain Celestial Group
11.9. Conagra Brands
11.10. Unilever
11.11. Tofurky Company

12. Key Strategic Recommendations

13. Research Methodology

13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
13.2. Quantitative Research
13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
13.4. Breakdown of Primary Research Respondents, By Region
13.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC25159

List of Figures

Figure 1 North America Plant-based Food Segmentation
Figure 2 North America Plant-based Food Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 North America Plant-based Food Market Size, By Value (USD Million), 2019-2029
Figure 5 North America Plant-based Food Market Share, By Product Type, By Value, 2019-2029
Figure 6 North America Plant-based Food Market Share, By Source, By Value, 2019-2029
Figure 7 North America Plant-based Food Market Share, By Distribution Channel, By Value, 2019-2029
Figure 8 North America Plant-based Food Market Share, By End User, By Value, 2019-2029
Figure 9 North America Plant-based Food Market Share, By Country, By Value, 2019-2029
Figure 10 United States Plant-based Food Market Size, By Value (USD Million), 2019-2029
Figure 11 United States Plant-based Food Market Share, By Product Type, By Value, 2019-2029
Figure 12 United States Plant-based Food Market Share, By Source, By Value, 2019-2029
Figure 13 United States Plant-based Food Market Share, By Distribution Channel, By Value, 2019-2029
Figure 14 United States Plant-based Food Market Share, By End User, By Value, 2019-2029
Figure 15 Canada Plant-based Food Market Size, By Value (USD Million), 2019-2029
Figure 16 Canada Plant-based Food Market Share, By Product Type, By Value, 2019-2029
Figure 17 Canada Plant-based Food Market Share, By Source, By Value, 2019-2029
Figure 18 Canada Plant-based Food Market Share, By Distribution Channel, By Value, 2019-2029
Figure 19 Canada Plant-based Food Market Share, By End User, By Value, 2019-2029

List of Tables

Table 1 North America Plant-based Food Market Size, By Value (USD Million), 2019-2029
Table 2 North America Plant-based Food Market Size, By Product Type, By Value, 2019-2029
Table 3 North America Plant-based Food Market Size, By Source, By Value, 2019-2029
Table 4 North America Plant-based Food Market Size, By Distribution Channel, By Value, 2019-2029
Table 5 North America Plant-based Food Market Size, By End User, By Value, 2019-2029
Table 6 North America Plant-based Food Market Size, By Country, By Value, 2019-2029
Table 7 United States Plant-based Food Market Size, By Value (USD Million), 2019-2029
Table 8 United States Plant-based Food Market Size, By Product Type, By Value, 2019-2029
Table 9 United States Plant-based Food Market Size, By Source, By Value, 2019-2029
Table 10 United States Plant-based Food Market Size, By Distribution Channel, By Value, 2019-2029
Table 11 United States Plant-based Food Market Size, By End User, By Value, 2019-2029
Table 12 Canada Plant-based Food Market Size, By Value (USD Million), 2019-2029
Table 13 Canada Plant-based Food Market Size, By Product Type, By Value, 2019-2029
Table 14 Canada Plant-based Food Market Size, By Source, By Value, 2019-2029
Table 15 Canada Plant-based Food Market Size, By Distribution Channel, By Value, 2019-2029
Table 16 Canada Plant-based Food Market Size, By End User, By Value, 2019-2029
Table 17 Beyond Meat Company Overview
Table 18 Beyond Meat Financial Overview
Table 19 Impossible Foods Company Overview
Table 20 Impossible Foods Financial Overview
Table 21 Danone S.A. Company Overview
Table 22 Danone S.A. Financial Overview
Table 23 Nestle S.A. Company Overview
Table 24 Nestle S.A. Financial Overview
Table 25 Tyson Foods Company Overview
Table 26 Tyson Foods Financial Overview
Table 27 Kellogg Company Overview
Table 28 Kellogg Financial Overview
Table 29 Maple Leaf Foods Company Overview
Table 30 Maple Leaf Foods Financial Overview
Table 31 The Hain Celestial Group Company Overview
Table 32 The Hain Celestial Group Financial Overview
Table 33 Conagra Brands Company Overview
Table 34 Conagra Brands Financial Overview
Table 35 Unilever Company Overview
Table 36 Unilever Financial Overview
Table 37 Tofurky Company Overview
Table 38 Tofurky Financial Overview

North America Plant-based Food Market, By Product Type; By Source; By Distribution Channel; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. North America Plant-based Food Market Insights

4. North America Plant-based Food Market: Marketing Strategies

5. North America Plant-based Food Market: Pricing Analysis

6. North America Plant-based Food Market Overview

7. United States Plant-based Food Market

8. Canada Plant-based Food Market

9. Competitive Landscape

10. Impact of Escalating Geopolitical Tensions on North America Plant-based Food Market

11. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12. Key Strategic Recommendations

13. Research Methodology

List of Figures

List of Tables