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Meat Alternatives

According to the vegan Society, in 2019, the global meat alternatives market was valued at $4.5 bn and is anticipated to reach $7.1 bn by 2025. This is with an estimated CAGR of 7.7% between 2020 – 2025. Health, sustainability, animal welfare, but also the need of variety are among the main drivers.

Dairy Alternatives

According to Marketsandmarkets, the global dairy alternatives market should reach $36.7 bn in 2025, +11.4 % CAGR ($21.4 bn in 2020) with the plant-based milk representing 13 % of milk market. Almonds and other nuts, coconut and oat are among the most used ingredients in recent launches.

Clean Label

The Clean Label challenge goes far beyond simply removing artificial additives from an ingredient list. It is now about authenticity, traceability, organic, sustainable development, animal welfare, less processed products, made in a traditional and sustainable way, with familiar ingredients, by real people with full transparency on the origin of the ingredients.

Free From & Health foods

According to Allied Market Research, the free-from food market size was valued at $90.1 billion in 2018, and is projected to reach $161.2 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026.

The consumer awareness, regarding the labeling of allergen-free and dairy-free products claims, is driving the market for free-from food products. Companies are coming up with innovative products, which meet the allergen-free requirement and provide nutritional benefits.

Superfoods

The global superfoods market size was estimated at USD 137.0 billion in 2018. It is expected to reach $209.1 billion by 2026. The popularity for 'superfoods', food with high nutritional benefits, has increased significantly over recent years with product launches, as consumers are inclined more toward natural and wholesome ingredients.