Charts & StatsSep 2, 2026

Global Plant-Based Food Ingredients Market by application

By application, the market is segmented into Plant-Based Milk & Derivatives , Plant-Based Milk, Plant-Based Cheese, Plant-Based Ice Cream, Plant-Based Yogurt, Plant-Based Butter , Others, Bakery & Confectionery, Sweet & Savory Snacks, Meat Substitutes , and RTE & RTC Meals (2016-2028)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Plant-Based Food Ingredients Market by application — full underlying data
Label	Plant-Based Milk & Derivatives	Plant-Based Milk	Plant-Based Cheese	Plant-Based Ice Cream	Plant-Based Yogurt	Plant-Based Butter	Others	Bakery & Confectionery	Sweet & Savory Snacks	Meat Substitutes	RTE & RTC Meals
2016	4098.8 USD Mn	2319.3 USD Mn	248.8 USD Mn	478.9 USD Mn	344.3 USD Mn	282 USD Mn	2524.2 USD Mn	385.9 USD Mn	245.2 USD Mn	1498.8 USD Mn	533.8 USD Mn
2017	4439.1 USD Mn	2510.5 USD Mn	269.7 USD Mn	519.8 USD Mn	373.7 USD Mn	304.7 USD Mn	2731.6 USD Mn	418.3 USD Mn	265.7 USD Mn	1626.7 USD Mn	579.8 USD Mn
2018	4812.6 USD Mn	2720.3 USD Mn	292.7 USD Mn	564.8 USD Mn	406 USD Mn	329.6 USD Mn	2959 USD Mn	453.9 USD Mn	288.3 USD Mn	1767.3 USD Mn	630.3 USD Mn
2019	5231.7 USD Mn	2954.7 USD Mn	318.6 USD Mn	615.9 USD Mn	442.4 USD Mn	357.3 USD Mn	3211 USD Mn	494.2 USD Mn	314.1 USD Mn	1928.8 USD Mn	687.5 USD Mn
2020	5618.7 USD Mn	3170.8 USD Mn	342.6 USD Mn	663.6 USD Mn	476.2 USD Mn	382.6 USD Mn	3442.5 USD Mn	531.5 USD Mn	338 USD Mn	2079.7 USD Mn	740.9 USD Mn
2021	6114.7 USD Mn	3447.9 USD Mn	373.3 USD Mn	724.5 USD Mn	519.4 USD Mn	415.3 USD Mn	3739.7 USD Mn	579.3 USD Mn	368.6 USD Mn	2272.3 USD Mn	809 USD Mn
2022	6661.8 USD Mn	3753.3 USD Mn	407.2 USD Mn	791.8 USD Mn	567.2 USD Mn	451.2 USD Mn	4067 USD Mn	632.1 USD Mn	402.5 USD Mn	2485.5 USD Mn	884.4 USD Mn
2023	7269.8 USD Mn	4092.6 USD Mn	444.9 USD Mn	866.8 USD Mn	620.4 USD Mn	491 USD Mn	4430.2 USD Mn	690.8 USD Mn	440.2 USD Mn	2723.1 USD Mn	968.4 USD Mn
2024	7947.1 USD Mn	4470.3 USD Mn	487 USD Mn	950.6 USD Mn	679.7 USD Mn	535.3 USD Mn	4834.1 USD Mn	756.3 USD Mn	482.2 USD Mn	2988.6 USD Mn	1062.2 USD Mn
2025	8711.3 USD Mn	4897 USD Mn	534.4 USD Mn	1044.6 USD Mn	746.7 USD Mn	585.2 USD Mn	5292.6 USD Mn	829.9 USD Mn	529.3 USD Mn	3285.2 USD Mn	1167.8 USD Mn
2026	9567.6 USD Mn	5374.3 USD Mn	587.6 USD Mn	1150.7 USD Mn	822 USD Mn	641 USD Mn	5803.5 USD Mn	912.8 USD Mn	582.4 USD Mn	3621 USD Mn	1286.7 USD Mn
2027	10519.5 USD Mn	5904.5 USD Mn	646.8 USD Mn	1268.9 USD Mn	905.8 USD Mn	702.9 USD Mn	6370.5 USD Mn	1005 USD Mn	641.6 USD Mn	3995.5 USD Mn	1419.4 USD Mn
2028	11591.3 USD Mn	6501.2 USD Mn	713.5 USD Mn	1402.2 USD Mn	1000.3 USD Mn	772.4 USD Mn	7008.3 USD Mn	1108.9 USD Mn	708.3 USD Mn	4418.2 USD Mn	1569 USD Mn

Data Source: Wantstats Repository

Growth Outlook

The Based Food Ingredients Market by application portion of the Global Plant market is on a steady long-term growth path. Segment value stands at roughly USD 30350 Mn in 2026 and is projected to reach USD 36794 Mn by 2028 — a gain of about 21% over the forecast period, translating to a CAGR in the double digits.
The global plant-based food ingredients market has been experiencing a surge in demand in recent years, and this trend is expected to continue in the coming years. One of the key factors driving this demand is the increasing awareness and preference for a plant-based diet among consumers.
What the regional split looks like (2026): Plant-Based Milk & Derivatives leads, holding roughly 32% of segment value — the single largest regional share. Others is the second-largest contributor. Plant-Based Milk, Meat Substitutes , RTE & RTC Meals, Plant-Based Ice Cream, Bakery & Confectionery, Plant-Based Yogurt, Plant-Based Butter , Plant-Based Cheese and Sweet & Savory Snacks make up the remainder, in descending order.
By 2028, Plant-Based Milk & Derivatives alone is expected to reach USD 11591 Mn, with Others at USD 7008 Mn.

Market Dynamics

The global plant-based food ingredients market has been experiencing a surge in demand in recent years, and this trend is expected to continue in the coming years. One of the key factors driving this demand is the increasing awareness and preference for a plant-based diet among consumers. Plant-based diets are known to offer a range of health benefits, such as reduced risk of chronic diseases and improved overall well-being. This has led to a growing number of people choosing to incorporate more plant-based food ingredients into their diets. Another significant factor contributing to the demand for plant-based food ingredients is the rise in vegan and vegetarian diets worldwide. According to a report by Research and Markets, the number of vegans in the world has increased by over 600% in the past five years, while the number of vegetarians is expected to reach 6.9% of the global population by 2022. This shift towards plant-based diets has resulted in a surge in demand for plant-based food ingredients, as these diets require the use of more plant-based alternatives. In addition to the dietary preferences of consumers, the food industry has also been a major driver for the demand for plant-based food ingredients.

Food manufacturers have been increasingly incorporating these ingredients into their products to cater to the growing demand for healthier and more sustainable food options. This is especially true in the case of processed and packaged foods, where plant-based ingredients are used as replacements for animal-derived ingredients. Furthermore, the demand for plant-based food ingredients is not limited to a specific region or country, but is a global phenomenon. The growing popularity of plant-based diets can be seen in developing as well as developed countries, making the demand for these ingredients widespread. The applications for plant-based food ingredients are diverse, ranging from bakery and confectionery to beverages and snacks. The versatility of plant-based ingredients and their ability to mimic the texture and taste of animal-based products has made them a popular choice for food manufacturers. Additionally, the advancement of technology and innovation in the food industry has led to the development of a wide range of plant-based ingredients, further driving the demand. In conclusion, the demand for plant-based food ingredients is on the rise, driven by various factors such as consumer preference for plant-based diets, the rise of vegan and vegetarian diets, and the increasing use of these ingredients by food manufacturers.

With the market for plant-based food ingredients expected to continue growing, it is clear that plant-based diets are here to stay.

Research Methodology

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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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

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.

Rob Kooiker

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!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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