US Plant-Based Food Ingredients Market by application (USD Million)

Year PLANT-BASED MILK & DERIVATIVES PLANT-BASED MILK PLANT-BASED CHEESE PLANT-BASED ICE CREAM PLANT-BASED YOGURT PLANT-BASED BUTTER OTHERS BAKERY & CONFECTIONERY SWEET & SAVORY SNACKS MEAT SUBSTITUTES RTE & RTC MEALS
2016 $ 1105.7 $ 621.4 $ 66.1 $ 132.0 $ 88.5 $ 77.0 $ 712.7 $ 84.4 $ 70.6 $ 425.4 $ 114.1
2017 $ 1193.1 $ 670.0 $ 71.5 $ 142.9 $ 95.7 $ 82.6 $ 768.4 $ 91.1 $ 76.2 $ 460.2 $ 123.4
2018 $ 1288.7 $ 723.1 $ 77.4 $ 154.9 $ 103.7 $ 88.8 $ 829.4 $ 98.5 $ 82.4 $ 498.2 $ 133.6
2019 $ 1396.1 $ 782.5 $ 84.1 $ 168.6 $ 112.8 $ 95.7 $ 896.7 $ 106.8 $ 89.4 $ 542.4 $ 145.3
2020 $ 1494.3 $ 836.6 $ 90.2 $ 181.2 $ 121.1 $ 102.0 $ 957.7 $ 114.5 $ 95.9 $ 583.4 $ 156.0
2021 $ 1620.7 $ 906.3 $ 98.1 $ 197.5 $ 131.8 $ 110.0 $ 1036.4 $ 124.4 $ 104.3 $ 635.8 $ 169.8
2022 $ 1759.8 $ 982.9 $ 106.7 $ 215.4 $ 143.6 $ 118.9 $ 1122.9 $ 135.3 $ 113.5 $ 693.7 $ 185.0
2023 $ 1913.9 $ 1067.8 $ 116.3 $ 235.3 $ 156.8 $ 128.7 $ 1218.5 $ 147.3 $ 123.7 $ 758.1 $ 201.9
2024 $ 2085.1 $ 1162.0 $ 127.0 $ 257.5 $ 171.4 $ 139.5 $ 1324.6 $ 160.8 $ 135.1 $ 830.0 $ 220.7
2025 $ 2277.3 $ 1267.9 $ 139.0 $ 282.3 $ 187.8 $ 151.6 $ 1444.8 $ 175.7 $ 147.7 $ 909.5 $ 241.7
2026 $ 2492.5 $ 1386.2 $ 152.5 $ 310.3 $ 206.2 $ 165.0 $ 1578.3 $ 192.6 $ 162.0 $ 999.7 $ 265.4
2027 $ 2730.9 $ 1517.2 $ 167.4 $ 341.4 $ 226.7 $ 179.9 $ 1725.9 $ 211.3 $ 177.8 $ 1100.0 $ 291.7
2028 $ 2998.6 $ 1664.2 $ 184.3 $ 376.4 $ 249.8 $ 196.5 $ 1891.4 $ 232.3 $ 195.6 $ 1213.1 $ 321.3
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US Plant-Based Food Ingredients Market by application (USD Million)

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

Market Dynamics

the us plant-based food ingredients market has observed a significant demand in recent years, driven by changing consumer preferences and increasing awareness about the benefits of plant-based diets. plant-based food ingredients are derived from various plants and include fruits, vegetables, grains, legumes, seeds, and nuts. these ingredients are used to create a range of food products, from meat and dairy alternatives to snacks and beverages. one of the major applications of plant-based food ingredients in the us market is in the production of meat and dairy alternatives. with the rise of veganism and vegetarianism, there is a growing demand for plant-based alternatives to animal products. this has led to the development of a wide variety of plant-based meat and dairy substitutes, including burgers, sausages, cheese, and milk, all made from plant-based ingredients. these products are not only appealing to those following a plant-based diet but also to flexitarians, who are trying to reduce their meat and dairy consumption for health and environmental reasons. another significant application of plant-based food ingredients is in the manufacture of snacks and ready-to-eat meals. with the increasing busy lifestyles and demand for convenience, there is a growing preference for healthy, plant-based snacks and meals. plant-based ingredients such as nuts, seeds, and legumes are being used to create a range of snacks, including protein bars, granola bars, and energy balls. these snacks offer a healthier and sustainable alternative to traditional processed snacks, which are often high in unhealthy fats and additives. the use of plant-based food ingredients is also gaining traction in the beverage industry. with the rise of health consciousness, there is a growing demand for functional and nutritional beverages. plant-based ingredients such as fruits, vegetables, and superfoods are being used to create a range of juices, smoothies, and shakes, targeting health-conscious consumers. apart from these major applications, plant-based food ingredients also find usage in other food products such as bakery, confectionery, and spreads. the versatility of these ingredients allows for their incorporation into a variety of food products, making them a popular choice among food manufacturers. in conclusion, the increasing demand for plant-based food ingredients in the us market can be attributed to changing consumer preferences, increased awareness about the benefits of plant-based diets, and the availability of a wide range of products. with the continued growth of these applications and the development of innovative plant-based food products, the demand for plant-based ingredients is expected to continue to rise in the coming years.

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