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The plant based protein products market size is projected to increase by USD 15.91 billion at a CAGR of 20.51% between 2023 and 2028. The market in North America is witnessing robust growth, fueled by the increasing demand for healthier food choices, especially in sports nutrition. Pharmacies are also stocking a diverse range of plant based protein products to meet the rising consumer demand. Beyond Meat Inc. has played a pivotal role in this market with its innovative offerings like the Beyond Burger and Beyond Sausage, which have gained popularity due to their sustainability, ethical considerations, and health benefits. The market is poised for substantial growth driven by shifting consumer preferences towards sustainable and ethical food options. Beyond Meat's impressive revenue growth in 2020 underscores the market's potential. With a wide range of products, such as meat substitutes, plant based milk, and soy-based protein powders, the market is set for further innovation and expansion to meet the growing demand.
The market shows an accelerated CAGR during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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