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What is plant based food?

Plant based food products are derived from plants and can be used as substitutes for animal based food products like milk, meat, eggs, cheese, proteins etc.

There is a growing demand for plant based foods which are also inspired by changing food habits and consumer perception.

What is the plant based foods market size in United States?

As per Plant Based Foods Association (PBFA), the plant based food market was worth USD 7.062 billion in 2020 which saw a growth of 27% compared to 2019 when the united states plant based foods market was estimated to be worth USD 5.56 billion.

This trend was noticed across the United States and shows that more and more consumers are shifting to plant based food alternatives. The interesting thing to note here is that this growth in plant based foods was recorded despite the ongoing COVID-19 pandemic in 2020 which has had a significant impact on retail food industry in the United States.

What are the top 10 plant based foods segments in United States?

As per PBFA, the top 10 plant based food segments in United States based on overall retail sales were Milk, Meat, Meals, Ice Cream, Creamer, Yogurt, Protein Powders, Butter, Cheese and Tofu & Tempeh in 2020.

They represented USD 6.604 billion worth of United States plant based foods sales in 2020.

What was the market share of the top 10 plant based foods categories in United States?

As per PBFA, the market shares of top 10 plant based food categories (Milk, Meat, Meals, Ice Cream, Creamer, Yogurt, Protein Powders, Butter, Cheese and Tofu & Tempeh) in United States based on overall retail sales was 93.51% in 2020.

Segment Wise Growth of plant based foods in United States

1. United States Plant Based Milk Sales Growth in 2020 (in USD million)

The United States plant based milk market was estimated to be worth USD 2.076 billion in 2019. It grew at a CAGR of 20.4% and reached USD 2.5 billion in 2020. The plant based milk category is the largest category among all plant based foods in the United States and had a market share of 35.40% in 2020.

2. United States Plant Based Meat Sales Growth in 2020 (in USD million)

The United States plant based meat market was estimated to be worth USD 964 million in 2019. It grew at a CAGR of 45.3% and reached USD 1.4 billion in 2020. The plant based meat category is the second largest category among all plant based foods in the United States and had a market share of 19.82% in 2020.

3. United States Plant Based Meal Sales Growth in 2020 (in USD million)

The United States plant based meal market was estimated to be worth USD 405 million in 2019. It grew at a CAGR of 28.5% and reached USD 520 million in 2020. The plant based meal category is the third largest category among all plant based foods in the United States and had a market share of 7.36% in 2020.

4. United States Plant Based Ice Cream Sales Growth in 2020 (in USD million)

The United States plant based ice cream market was estimated to be worth USD 361 million in 2019. It grew at a CAGR of 20.4% and reached USD 435 million in 2020. The plant based ice cream category is the fourth largest category among all plant based foods in the United States and had a market share of 6.16% in 2020.

5. United States Plant Based Creamer Sales Growth in 2020 (in USD million)

The United States plant based creamer market was estimated to be worth USD 328 million in 2019. It grew at a CAGR of 20.2% and reached USD 394 million in 2020. The plant based creamer category is the fifth largest category among all plant based foods in the United States and had a market share of 5.58% in 2020.

6. United States Plant Based Yogurt Sales Growth in 2020 (in USD million)

The United States plant based yogurt market was estimated to be worth USD 259 million in 2019. It grew at a CAGR of 32.5% and reached USD 343 million in 2020. The plant based yogurt category is the sixth largest category among all plant based foods in the United States and had a market share of 4.86% in 2020.

7. United States Plant Based Protein Powder Sales Growth in 2020 (in USD million)

The United States plant based protein powder market was estimated to be worth USD 266 million in 2019. It grew at a CAGR of 9.6% and reached USD 292 million in 2020. The plant based protein powder category is the seventh largest category among all plant based foods in the United States and had a market share of 4.13% in 2020.

8. United States Plant Based Butter Sales Growth in 2020 (in USD million)

The United States plant based butter market was estimated to be worth USD 203 million in 2019. It grew at a CAGR of 35.5% and reached USD 275 million in 2020. The plant based butter category is the eighth largest category among all plant based foods in the United States and had a market share of 3.89% in 2020.

9. United States Plant Based Cheese Sales Growth in 2020 (in USD million)

The United States plant based cheese market was estimated to be worth USD 189 million in 2019. It grew at a CAGR of 42.5% and reached USD 270 million in 2020. The plant based cheese category is the ninth largest category among all plant based foods in the United States and had a market share of 3.82% in 2020.

10. United States Plant Based Tofu and Tempeh Sales Growth in 2020 (in USD million)

The United States plant based tofu and tempeh market was estimated to be worth USD 124 million in 2019. It grew at a CAGR of 40.8% and reached USD 175 million in 2020. The plant based tofu and tempeh category is the tenth largest category among all plant based foods in the United States and had a market share of 2.48% in 2020.

11. United States Plant Based Baked Goods and Cookies Sales Growth in 2020 (in USD million)

The United States plant based baked goods and cookies market was estimated to be worth USD 154 million in 2019. It is the only category among plant based foods in United States that saw a sales decline in 2020. It decreased at a CAGR of 1.2% and reached USD 152 million in 2020. The plant based baked goods and cookies category is the eleventh largest category among all plant based foods in the United States and had a market share of 2.15% in 2020.

12. United States Plant Based Ready-to-Drink Beverages Sales Growth in 2020 (in USD million)

The United States plant based ready-to-drink beverages market was estimated to be worth USD 122 million in 2019. It grew at a CAGR of 12% and reached USD 137 million in 2020. The plant based ready-to-drink beverages category is the twelfth largest category among all plant based foods in the United States and had a market share of 1.94% in 2020.

13. United States Plant Based Condiments, Dressings and Mayo Sales Growth in 2020 (in USD million)

The United States plant based condiments, dressings and mayo market was estimated to be worth USD 66 million in 2019. It grew at a CAGR of 23.4% and reached USD 81 million in 2020. The plant based condiments, dressings and mayo category is the thirteenth largest category among all plant based foods in the United States and had a market share of 1.15% in 2020.

14. United States Plant Based Dairy Spreads, Dips, Sour Cream and Sauces Sales Growth in 2020 (in USD million)

The United States plant based dairy spreads, dips, sour cream and sauces market was estimated to be worth USD 33 million in 2019. It grew at a CAGR of 83.4% and reached USD 61 million in 2020. The plant based dairy spreads, dips, sour cream and sauces category is the fourteenth largest category among all plant based foods in the United States and had a market share of 0.86% in 2020.

15. United States Plant Based Eggs Sales Growth in 2020 (in USD million)

The United States plant based eggs market was estimated to be worth USD 10 million in 2019. Plant based eggs category recorded the highest year-on-year growth among all plant foods in United States in 2020. It grew at a CAGR of 167.8% and reached USD 27 million in 2020. The plant based eggs category is the fifteenth largest category among all plant based foods in the United States and had a market share of 0.38% in 2020.

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