Fermented Plant-Based Food Market size was valued at USD 8.5 Billion in 2024 and is forecasted to grow at a CAGR of 10.3% from 2026 to 2033, reaching USD 20.5 Billion by 2033.
The global fermented plant based food market has experienced significant growth, reaching a valuation of approximately USD 380.01 million in 2024, with projections indicating it will reach USD 579.50 million by 2033, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth is driven by increasing consumer awareness of the health benefits associated with fermented foods and a rising demand for plant based diets. Regionally, Europe holds a dominant position in the fermented plant based food market, accounting for a significant market share and anticipated to exhibit a CAGR of 5.4% during the forecast period. This dominance is attributed to the growing adoption of plant based foods in European countries, with the plant based food industry witnessing a remarkable increase of 49% between 2018 and 2020. In North America, the market is projected to grow at a CAGR of 4.7%, driven by a growing vegan population and rising concerns about dairy product allergies. The Asia Pacific region is expected to witness substantial growth, with a significant portion of the population consuming less or no meat, and a study indicating that 75% of consumers are willing to pay a similar price for plant based alternatives as meat products.
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Yofix Probiotics
Field Roast
Danone
General Mills
Impossible Foods
Nestle
Perfect Day
Hain Celestial
SunOpta
Clara Foods
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fermented Plant-Based Food Market
Fermented Plant-Based Dairy Alternatives
Fermented Plant-Based Meat Alternatives
Fermented Plant-Based Beverages
Fermented Plant-Based Sauces and Condiments
Fruits and Vegetables
Legumes and Pulses
Grains and Cereals
Other Plant-Based Ingredients
Lactic Acid Fermentation
Alcoholic Fermentation
Vinegar Fermentation
Other Fermentation Types
Food and Beverages
Animal Feed
Personal Care and Cosmetics
Supermarkets and Hypermarkets
Convenience Stores
Online Retail
Specialty Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fermented Plant-Based Food Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fermented Plant-Based Food Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fermented Plant-Based Food Market, By Type
6. Global Fermented Plant-Based Food Market, By Application
7. Global Fermented Plant-Based Food Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Fermented Plant-Based Food Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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