Market Share of Plant-Based Food and Beverages Industry
The market is highly competitive with the presence of small-scale and global companies such as Danone SA, The Hain Celestial Group Inc., Conagra Brands Inc., Nestle SA, Campbell Soup Company, and Blue Diamond Growers. These companies have been the front runners in terms of expansion of their production capacity and product launches to cater to the increasing demand for plant-based food and beverages around the world. Owing to the rapidly developing market, product innovation in terms of packaging, advertisement, and infusion of healthy ingredients is the major strategy adopted by companies.
Furthermore, companies such as Conagra Brands Inc., Unilever, and Danone SA, are also focusing on partnerships, mergers, and acquisitions to expand their market shares and product portfolios by leveraging on the expertise of the acquired companies.
Plant Based Food and Beverage Market Leaders
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Danone S.A
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Tofutti Brands, Inc
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Conagra Brands, Inc,
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Beyond Meat, Inc.
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Nestle SA
*Disclaimer: Major Players sorted in no particular order
