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Plant-Based Breakfast Products Market Forecast and CAGR

According to the latest research by Transparency Market Research, the plant-based breakfast products market is set to witness significant growth during 2021-2031. Demand for plant-based breakfast products has increased due to the growing popularity of veganism as well as the environment and ethical concern arises, and with the innovation in the plant-based meat attract the non-vegetarian consumer towards the plant-based breakfast. With the surge of COVID-19, it has been observed that people are shifting towards plant-based products over non-vegetarian products therefore plant-based breakfast products are considered as a better alternative.

What is Driving Demand for Plant-Based Breakfast Products Market?

Plant-based breakfast is gain attraction because of the new launch by the foodservice industry of innovative, nutritious, and tasty products such as plant-based oat drinks, plant-based meat, and others. Plant-based meat is among the latest product in the market as it is vegan, full of nutritional value, and gives the same feel and texture. It has been observed that consumers are shifting towards a vegan diet because the majority of the diseases are spread through animal-based diets like Cancer, anima, obesity, cardiovascular disease, and others which drives the market toward plant-based breakfast products.

U.S Demand Outlook for Plant-Based Breakfast Products Market

Breakfast is among the most popular meals in the U.S. market as the increase in breakfast trend foods covers more than one-fourth of the menu card in the restaurant over the past decades. Since then lunch and dinner rise at a slower rate and breakfast has become dominant in the restaurant business. Food industries giant like Morningstar Farms, Boca, and others are working on the innovation in plant-based foods and therefore introduced plant-based scrambled eggs which contain no egg and introduced vegan egg and high-protein pancake batter as the egg is among the most preferred diet for breakfast. Additionally, consumers expect seafood, chicken, pork, beef, and others on most of the foodservice menu and therefore expecting new products. Companies like Dunkin’s earn more profit by introducing the plant-based product in the U.S. market because of nutritious content and the food value it provides is beyond animal based diets.

Europe Demand Outlook for Plant-Based Breakfast Products Market

Europe is expected to rise in the plant-based breakfast market in the future. As it has been witnessed the growth in plant-based industries by observing the market and trend for veganism in the region. Moreover, UK is the largest population in the world of people consuming vegan diets. By observing the market size and trend foodservice giants are focusing on the region.

What are the consequences of COVID-19 pandemic in Plant-Based Breakfast Products Market?

It has been observed the rise in plant-based breakfast products during the COVID-19 pandemic because of growing health concerns among consumers of animal-borne diseases and natural product drives the projection to drive the plant-based breakfast market. Moreover, plant-based products are more preferred by the consumer post-pandemic as a consumer are shifting towards look-alike substitute of the animal-based product which possess same taste, texture, and others. Moreover, COVID-19 causes lockdown in many countries which affect the supply chain of the market and during the release of lockdown offline and online store slowly developing its new pace higher than the previous because of plant-based breakfast possess good health benefit which helps in overall development of the body.

Who are some of the Key Manufacturers in the Plant-Based Breakfast Products Market?

Some of the key manufacturer of plant-based breakfast are as follows Morningstar farms, Hilary’s, Tofurky, JUST, Spero Foods, Dunkin’s, Tofuna Fysh, Ocean Hugger Foods, Loma Linda, BeLeaf, BlueNalu, Homemade, Impossible Foods, Archer Daniels, Kellogg’s, Final Thought, CLO-CLO vegan foods and others.

Key Segments

On the basis of Source, the Plant-Based Breakfast Products Market is segmented into

  • Fruits
  • Seeds and nuts
  • Legumes
  • Vegetable
  • Others

On the basis of End-use, the Plant-Based Breakfast Products Market is segmented into

  • Foodservice Industries
  • Retail/Household

On the basis of distribution channel, the Plant-Based Breakfast Products Market is segmented into

  • Business to Business
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail

On the basis of region, the Plant-Based Breakfast Products Market is segmented into

  • North America
    • US
    • Canada
  • Latin America
    • Brazil,
    • Mexico and Other countries
  • Western Europe
    • EU5
    • Nordics
    • Benelux
    • Eastern Europe
  • Asia Pacific
    • Australia
    • New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
    • Japan
  • The Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other African countries

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Plant-Based Breakfast Products Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Plant Based Breakfast Products Market