BIS Research - Emerging Technology Market Intelligence

Plant-Based Food and Beverages Alternatives: A Revolutionary Trend in the Food-Tech Industry

Feb 12, 2020 11:53:45 PM / by BIS Research posted in Plant-Based Food and Beverages Alternatives

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Plant Based

The global food and beverage industry is currently experiencing an exemplary level of technological disruption, propelled by the profound growth of the trending plant-based food and beverage alternatives. Plant-based food and beverages products use the biomimicry approach to replicate the taste and texture of the animal-derived product. Health and wellness, food safety, environmental sustainability, animal welfare, adopting restrictive diets due to preferred lifestyle choices, and increasing population of flexitarian consumers are the key factors propelling the growth of plant-based food and beverage alternative products globally. According to the analysis by BIS Research, the plant-based food and beverages alternatives market is expected to grow at a noteworthy CAGR of 13.82% during the forecast period from 2019 to 2024.

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