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

Year SOY PEA OATS COCONUT SEEDS & NUTS HERBS & SPICES FRUITS & VEGETABLES OTHERS
2016 $ 540.4 $ 379.0 $ 235.9 $ 114.8 $ 494.6 $ 221.9 $ 606.5 $ 353.6
2017 $ 582.9 $ 411.4 $ 255.4 $ 124.7 $ 536.3 $ 240.2 $ 656.1 $ 378.7
2018 $ 629.4 $ 447.1 $ 276.9 $ 135.7 $ 582.6 $ 260.5 $ 710.7 $ 405.1
2019 $ 681.7 $ 487.6 $ 301.3 $ 147.8 $ 634.7 $ 283.4 $ 772.5 $ 433.7
2020 $ 729.4 $ 525.3 $ 324.1 $ 159.0 $ 683.4 $ 304.9 $ 827.5 $ 460.2
2021 $ 790.9 $ 573.6 $ 353.1 $ 173.4 $ 745.2 $ 331.9 $ 900.4 $ 493.5
2022 $ 858.4 $ 626.9 $ 385.2 $ 189.3 $ 813.6 $ 361.9 $ 980.0 $ 530.1
2023 $ 933.3 $ 686.4 $ 420.9 $ 207.0 $ 889.8 $ 395.2 $ 1068.5 $ 570.2
2024 $ 1016.6 $ 752.8 $ 460.7 $ 226.7 $ 974.8 $ 432.3 $ 1167.1 $ 614.2
2025 $ 1109.8 $ 827.3 $ 505.2 $ 249.2 $ 1070.5 $ 474.2 $ 1277.9 $ 663.8
2026 $ 1214.2 $ 911.3 $ 555.4 $ 274.2 $ 1178.1 $ 521.1 $ 1402.1 $ 718.4
2027 $ 1329.9 $ 1004.9 $ 611.2 $ 302.2 $ 1297.9 $ 573.3 $ 1540.1 $ 778.2
2028 $ 1459.7 $ 1110.5 $ 674.2 $ 333.7 $ 1433.0 $ 632.1 $ 1695.4 $ 844.6
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North America Plant-Based Food Ingredients Market by source (USD Million)

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

Market Dynamics

the north america plant-based food ingredients market is witnessing a high demand due to a growing shift towards plant-based diets among consumers. with the increasing awareness about sustainability and health benefits of plant-based products, there has been a significant increase in the demand for plant-based food ingredients in the region. one of the major sources of plant-based food ingredients is fruits and vegetables. fruits and vegetables are rich in essential vitamins, minerals, and antioxidants, making them a key source of plant-based nutrients. they are widely used in the production of plant-based food products such as juices, smoothies, and plant-based meat substitutes. fruits and vegetables extracted ingredients are also used in bakery products, dairy alternatives, and confectionary, driving the demand for these ingredients in the north american region. another major source of plant-based food ingredients is legumes and pulses. these ingredients are highly nutritious and contain a good amount of proteins, fibers, and minerals. legumes and pulses are extensively used in the production of plant-based protein powders, spreads, and snacks. the growing demand for protein-rich plant-based food products among athletes and fitness enthusiasts is significantly driving the demand for legumes and pulses in the north america plant-based food ingredients market. grains and cereals are also a significant source of plant-based food ingredients in north america. with the rising trend of gluten-free and whole-grain products, there has been a surge in the demand for plant-based grain and cereal-based food ingredients. these ingredients are used in the production of bread, pasta, noodles, and other bakery products, making them a crucial part of the plant-based food industry in the region. the increasing demand for plant-based dairy alternatives has also resulted in a rise in the demand for plant-based dairy ingredients. soy, almond, and coconut are some of the most commonly used plant-based dairy alternatives in the north american market. these ingredients are widely used in the production of plant-based milk, yogurt, and cheese, among others, and are preferred by consumers due to their health benefits and sustainability. in conclusion, the demand for plant-based food ingredients in north america is expected to continue to grow in the coming years, driven by the increasing trend of plant-based diets and the rising demand for sustainable and healthy food options. the wide variety of sources for these ingredients ensures the availability of a diverse range of plant-based food products, catering to the diverse preferences of consumers in the region.

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