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Global Plant-Based Food market [2018-2026] by Asia Pacific

By Asia Pacific, the market is segmented into Asia Pacific, Australia, China, India, Japan, New Zealand, and Rest of Asia Pacific (2018-2026)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Plant-Based Food market [2018-2026] by Asia Pacific — full underlying data
LabelAsia PacificAustraliaChinaIndiaJapanNew ZealandRest of Asia Pacific
20183701.4 USD Mn296.4 USD Mn945.1 USD Mn896.1 USD Mn686.2 USD Mn245.8 USD Mn631.8 USD Mn
20194103.5 USD Mn330.1 USD Mn1044 USD Mn999.5 USD Mn758.9 USD Mn272.6 USD Mn698.4 USD Mn
20204550.3 USD Mn367.8 USD Mn1153.5 USD Mn1115 USD Mn839.6 USD Mn302.3 USD Mn772.2 USD Mn
20215043.7 USD Mn409.5 USD Mn1274 USD Mn1242.9 USD Mn928.5 USD Mn335.2 USD Mn853.5 USD Mn
20225588.5 USD Mn455.7 USD Mn1406.7 USD Mn1385 USD Mn1026.5 USD Mn371.6 USD Mn943 USD Mn
20236189.6 USD Mn507 USD Mn1552.5 USD Mn1542.7 USD Mn1134.3 USD Mn411.7 USD Mn1041.4 USD Mn
20246851.6 USD Mn563.7 USD Mn1712.4 USD Mn1717.4 USD Mn1252.8 USD Mn455.8 USD Mn1149.5 USD Mn
20257581.8 USD Mn626.5 USD Mn1888.2 USD Mn1911.1 USD Mn1383.1 USD Mn504.6 USD Mn1268.3 USD Mn
20268389.2 USD Mn696.2 USD Mn2081.8 USD Mn2126.6 USD Mn1526.8 USD Mn558.5 USD Mn1399.3 USD Mn

Data Source: Wantstats Repository

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Market Dynamics

China accounted for the largest market share in 2019 in the Asia Pacific plant-based food market, and is expected to reach USD 2081.80 Million in 2026 from USD 1044.00 Million in 2019. However, India is the fastest growing market, which is expected to grow at a CAGR of 11.36% during the forecast period 2020 - 2026. conventional segment accounted for the larger market share in 2019, this market is expected to reach USD 6273.10 Million in 2026 from USD 3081.20 Million in 2019. This market is projected to grow at a CAGR of 10.67% during the forecast period from 2020 - 2026. However, organic segment is the fastest growing market, which is expected to grow at a CAGR of 10.93% during the forecast period 2020 - 2026. store based segment accounted for the larger market share in 2019, this market is expected to reach USD 7176.30 Million in 2026 from USD 3530.10 Million in 2019. This market is projected to grow at a CAGR of 10.64% during the forecast period from 2020 - 2026.

However, non store based segment is the fastest growing market, which is expected to grow at a CAGR of 11.27% during the forecast period 2020 - 2026. plant based milk and derivatives segment accounted for the largest market share in 2019, this market is expected to reach USD 4930.80 Million in 2026 from USD 2461.50 Million in 2019. This market is projected to grow at a CAGR of 10.41% during the forecast period from 2020 - 2026. However, plant based juices segment is the fastest growing market, which is expected to grow at a CAGR of 11.43% during the forecast period 2020 - 2026.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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