| Label | Conventional | Organic |
|---|---|---|
| 2018 | 709.4 USD Mn | 235.7 USD Mn |
| 2019 | 783.3 USD Mn | 260.7 USD Mn |
| 2020 | 865 USD Mn | 288.5 USD Mn |
| 2021 | 955 USD Mn | 319.1 USD Mn |
| 2022 | 1053.9 USD Mn | 352.8 USD Mn |
| 2023 | 1162.6 USD Mn | 389.9 USD Mn |
| 2024 | 1281.8 USD Mn | 430.7 USD Mn |
| 2025 | 1412.6 USD Mn | 475.5 USD Mn |
| 2026 | 1556.7 USD Mn | 525 USD Mn |
Data Source: Wantstats Repository
China's plant-based food market has witnessed a surge in demand in recent years due to various factors. With concerns about sustainability, animal welfare, and personal health on the rise, more and more people in China are shifting towards plant-based diets. This is evident in the increasing popularity of vegetarian and vegan options in restaurants, as well as the growth of plant-based food options in supermarkets and online grocery platforms. One of the main categories driving the demand for plant-based food in China is meat substitutes. With a large population and increasing wealth, China's meat consumption has been steadily rising, leading to environmental and health concerns. Plant-based meat substitutes, such as products made from soy, jackfruit, or pea protein, offer a solution to these issues as they are more sustainable and considered healthier options. This category has seen significant growth, with companies like Beyond Meat, Impossible Foods, and Quorn expanding their presence in the Chinese market. Another category that is gaining traction in the Chinese market is plant-based dairy alternatives. As more people become aware of the health risks associated with consuming dairy, there has been a shift towards plant-based milk, cheese, and yogurt options.
With China being the world's largest dairy consumer, the potential for growth in this category is enormous. The use of traditional Chinese ingredients like soy and almond in these products also adds to their appeal among Chinese consumers. China's concern for health and wellness is also driving the demand for plant-based snacks and beverages. Products such as plant-based protein bars, energy drinks, and smoothies are gaining popularity among health-conscious consumers. These products offer a nutrient-rich alternative to traditional snacks and beverages, providing consumers with a guilt-free indulgence. Apart from these specific categories, plant-based ingredients and products are also being incorporated into traditional Chinese dishes, creating a unique fusion cuisine. This trend is not only popular among vegetarians and vegans but also among health-conscious non-vegetarians. This shows the potential for growth and diversity in the plant-based food market in China. In conclusion, the demand for plant-based food in China is driven by various factors, including health concerns, environmental awareness, and an interest in diverse food options. As the trend towards plant-based diets continues to grow, we can expect to see further expansion and innovation in this market in the coming years.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
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China Plant-Based Food Market, By Category
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