Canada Plant-Based Food & Beverages by category (USD Million)

Year CONVENTIONAL ORGANIC
2019 $ 574.8 $ 144.5
2020 $ 628.0 $ 158.8
2021 $ 692.0 $ 175.9
2022 $ 764.6 $ 195.2
2023 $ 847.6 $ 217.5
2024 $ 940.4 $ 242.6
2025 $ 1045.9 $ 271.2
2026 $ 1166.5 $ 304.0
2027 $ 1304.0 $ 341.5
2028 $ 1460.6 $ 384.4
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Canada Plant-Based Food & Beverages by category (USD Million)

Synopsis
The above chart is Canada Plant-Based Food & Beverages by category (USD Million)

Market Dynamics

there is a growing demand for plant-based food and beverages in canada, as more and more canadians are choosing to follow a plant-based or flexitarian diet. this trend can be seen across various categories, including meat alternatives, dairy substitutes, and plant-based snacks and meals. one of the main reasons for this demand is an increasing awareness of the health benefits of a plant-based diet. studies have shown that reducing or eliminating animal products from one's diet can have a positive impact on overall health, including a lower risk of heart disease, type 2 diabetes, and certain cancers. as canadians become more health-conscious, they are seeking out plant-based alternatives to traditional meat and dairy products. in the category of meat alternatives, there has been significant demand for products such as veggie burgers, meatless crumbles, and tofu-based products. these options provide a similar texture and taste to meat, making it easier for individuals to transition to a plant-based diet. many of these products are also fortified with vitamins and minerals, making them a healthier option compared to traditional meat. dairy substitutes, such as almond milk, oat milk, and cashew cheese, have also seen a rise in demand. these products are a popular choice among individuals who are lactose intolerant or have a dairy allergy, as well as those who are choosing to reduce their dairy intake for health or ethical reasons. the market for dairy substitutes has expanded in recent years, with more options available, including products made from a variety of plant-based sources, such as soy, coconut, and pea protein. additionally, there has been a growing demand for plant-based snacks and meals among canadians. this category includes products like vegan cheese, plant-based jerky, and frozen meals made with plant-based proteins. these options provide a convenient and tasty alternative to traditional snacks and meals, making it easier for individuals to incorporate more plant-based options into their diet. overall, the demand for plant-based food and beverages in canada is driven by a combination of factors, including health consciousness, ethical considerations, and the availability of a variety of tasty and convenient alternatives. as this trend continues to grow, we can expect to see even more innovation and variety in plant-based options available in the market.

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