The US Plant Based Food and Beverages Market: Size, Trends & Forecasts (2018-2022)
Scope of the Report
The report entitled “The US Plant Based Food and Beverages Market: Size, Trends & Forecasts (2018-2022)”, provides analysis of the US plant based food and beverages market, with detailed analysis of market size and segmentation of the industry. The analysis includes the market by value, and by segmentation on the basis of types of products.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US plant based food and beverages market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Beyond Meat, Impossible Foods, Ripple Foods, Hain Celestial Group and Good Catch are some of the key players operating in the US plant based food and beverages market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
Hain Celestial Group
Food and beverages are very essential part of a person’s life. Without consuming food and beverages, people feel weak and lacks minimal energy required for accomplishment of day to day work. There are many benefits which are linked with consumption of food such as giving strength to body, prevention from diseases, improvement in longevity of a person, etc. Whereas beverages provide essential nutrients to the body, maintain body balance, remove toxins, etc.
Food and beverages are obtained from different sources such as food is obtained from plants and animals while beverages are produced from plants and processes of different elements. Plant based food and beverages are emerging as a new trend in food industry. Plant based food and beverages includes all the food items which are nutritionally rich and obtained from vegetables, oil, nuts, seeds, etc. There are different types of plant based food and beverages in the US market such as fruits, vegetables, whole grain, nuts, seeds. Whereas plant based beverages includes milk, juices, coffee, and tea.
Benefits associated with consumption of plant based diet includes prevention from chronic diseases, heart protection, psychological improvement, weight maintenance, longevity and energy. Impacts of plant based food and beverages ingestion are broadly classified into human health improvement, helping in climatic changes, addressing of global resources and animal welfare.
The US Plant Based Food and Beverages Market is expected to increase at high growth rates during the forecasted period (2018-2022). The US plant based food and beverages market is supported by various growth drivers, such as increasing vegan production and share, positive impact of plant based food on environment, growing popularity of milk alternatives, etc. yet, the market faces certain challenges, such as, less source of protein, adverse effects of milk alternatives, etc. few new market trends are also provided such as, positive impact on GHG emission, growth in plant based proteins with a Non-GMO, etc.
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