Global Plant-Based Food Ingredients Market by source (USD Million)

Year SOY PEA OATS COCONUT SEEDS & NUTS HERBS & SPICES FRUITS & VEGETABLES OTHERS
2016 $ 1819.6 $ 1226.6 $ 741.6 $ 288.0 $ 1695.5 $ 598.0 $ 1601.3 $ 1316.0
2017 $ 1967.5 $ 1333.9 $ 804.9 $ 313.1 $ 1842.3 $ 646.6 $ 1736.8 $ 1416.1
2018 $ 2129.6 $ 1452.1 $ 874.5 $ 340.8 $ 2004.5 $ 699.9 $ 1886.1 $ 1524.0
2019 $ 2310.0 $ 1587.0 $ 953.7 $ 371.9 $ 2186.9 $ 759.7 $ 2054.6 $ 1643.4
2020 $ 2475.4 $ 1713.7 $ 1027.6 $ 401.0 $ 2357.6 $ 815.0 $ 2209.4 $ 1751.6
2021 $ 2688.0 $ 1875.1 $ 1121.9 $ 438.1 $ 2574.7 $ 885.5 $ 2409.1 $ 1891.2
2022 $ 2922.0 $ 2053.9 $ 1226.2 $ 479.2 $ 2815.2 $ 963.3 $ 2629.3 $ 2044.0
2023 $ 3181.7 $ 2253.6 $ 1342.5 $ 525.0 $ 3083.2 $ 1049.7 $ 2874.3 $ 2212.5
2024 $ 3470.5 $ 2476.9 $ 1472.4 $ 576.2 $ 3382.6 $ 1145.8 $ 3147.6 $ 2398.7
2025 $ 3796.9 $ 2727.3 $ 1618.1 $ 633.9 $ 3720.9 $ 1254.0 $ 3456.0 $ 2609.2
2026 $ 4161.2 $ 3010.6 $ 1782.5 $ 698.9 $ 4101.1 $ 1375.1 $ 3802.2 $ 2842.4
2027 $ 4565.3 $ 3326.9 $ 1965.7 $ 771.4 $ 4525.4 $ 1509.5 $ 4187.7 $ 3099.3
2028 $ 5019.6 $ 3684.4 $ 2172.4 $ 853.3 $ 5004.1 $ 1660.7 $ 4622.4 $ 3387.1
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Global Plant-Based Food Ingredients Market by source (USD Million)

Synopsis
The above chart is Global Plant-Based Food Ingredients Market by source (USD Million)

Market Dynamics

in recent years, there has been a growing demand for plant-based food ingredients globally. this demand is driven by various factors, including increasing health consciousness among consumers, rising concerns about animal welfare, and environmental sustainability. as a result, many individuals are shifting towards plant-based diets, leading to a surge in the demand for plant-based food ingredients. the primary source of plant-based food ingredients can be categorized into grains, vegetables, fruits, nuts, and legumes. grains, such as wheat, oats, and quinoa, are a major source of plant-based proteins and have been incorporated into various plant-based products, including bread, pasta, and cereals. these grains are also rich in fiber, vitamins, and minerals, making them an essential part of a healthy plant-based diet. vegetables are another crucial source of plant-based food ingredients. they are rich in nutrients, versatile, and can be consumed in various forms, such as fresh, frozen, dried, or canned. vegetables like spinach, broccoli, and kale are excellent sources of plant-based protein, iron, and calcium. they are also essential for providing the necessary vitamins and minerals needed for a balanced diet. fruits, known for their delicious taste and high nutritional value, are another vital source of plant-based food ingredients. apart from being rich in essential vitamins and minerals, fruits are also a good source of fiber and antioxidants, making them an integral part of a healthy diet. fruits such as berries, bananas, and apples are often used as ingredients in plant-based products such as smoothies, juices, and jams. nuts and seeds, such as almonds, cashews, and chia seeds, are also significant sources of plant-based food ingredients. they are rich in healthy fats, proteins, and fiber, making them an excellent substitute for animal-based products. these ingredients are extensively used in the production of plant-based milk, butter, and spreads. lastly, legumes, including beans, lentils, and chickpeas, are an essential source of plant-based proteins and form an integral part of plant-based diets. they are also rich in fiber, iron, and other essential nutrients, making them a popular choice among vegetarians and vegans. in conclusion, the demand for plant-based food ingredients is on the rise due to multiple factors, including health concerns, animal welfare, and environmental sustainability. the diverse range of plant-based ingredients, such as grains, vegetables, fruits, nuts, and legumes, provide various nutritional benefits and have become a vital component of modern diets. with the increasing popularity of plant-based diets, the demand for these ingredients is expected to continue to grow in the future.

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