North America Plant-Based Food & Beverages by country

Synopsis
The above chart is North America Plant-Based Food & Beverages by country (USD Million)

Market Dynamics

north america has seen a significant rise in demand for plant-based food and beverages in recent years. countries such as the united states, canada, and mexico have seen a surge in the consumption of plant-based products as more consumers are shifting towards a healthier and more sustainable lifestyle. in the united states, the demand for plant-based food and beverages has been steadily increasing, driven by factors such as health and environmental concerns, as well as the rise of vegan, vegetarian, and flexitarian diets. according to a report by the plant based foods association, sales of plant-based foods in the us have grown by 29% since 2017, with the plant-based milk category alone reaching over $2 billion in sales in 2019. the demand for plant-based meat substitutes, such as tofu and tempeh, has also been on the rise, with major fast-food chains such as burger king and kfc introducing plant-based options to their menus. similarly, canada has also experienced a surge in demand for plant-based food and beverages. in 2019, the plant-based food market in canada was valued at over $1 billion, with the plant-based milk category being the largest segment. the demand for plant-based products in canada has been primarily driven by health concerns and the increasing awareness of animal welfare and environmental issues. the canadian government also recently updated the food guide, recommending a shift towards a diet that is more plant-based and sustainable. in mexico, the demand for plant-based food and beverages is also on the rise, fueled by a growing health-conscious population and a rising number of vegetarians and vegans in the country. according to a report by proveg international, the mexican plant-based market is estimated to grow by 160% between 2020 and 2025. major retailers and foodservice companies in mexico have also been increasing their offerings of plant-based options to cater to this growing demand. overall, the demand for plant-based food and beverages in north america is being driven by a combination of factors such as health, sustainability, and ethical concerns. as more consumers become aware of the benefits of a plant-based diet, the demand for these products is likely to continue growing in the future. this is also leading to an increase in innovation and investment in the plant-based food and beverage industry, with new and exciting products being introduced to the market.