West Africa Plant Based Product Market, By Product Type (Plant-Based Milk, Plant-Based Cheese, Plant-Based Butter, Plant Based Yogurt, Plant-Based Ice Cream and Others), Source (Soy, Almond, Oat, Cashew, Rice and Others), Nature (Sweetened and Unsweetened), Flavor (Plain and Flavored), Processing (Regular and Fortified), Type (Regular, Drinkable, Frozen, Greek, Spoonable & Drinkable Yogurts and Others), Flavors (Plain and Flavored), Category (Regular and Low Calorie), Method Of Preparation (Bacteria-Ripened, Mould-Ripened and Un-Ripened), Texture (Fresh, Hard and Soft), Form (Slices, Blocks/Cans, Grated, Spreads and Others), Flavor (Apple, Raspberry, Blueberry, Strawberry, Coconut, Vanilla, Salted Caramel, African Berry (Agbalumo), Banana, Chocolate and Others), Category (Regular and Low Calorie), Distribution Channel (Store-Based Retailing and Non-Store Retailing), Country (Ghana, Nigeria, Ivory Coast, Togo, Benin, Burkina Faso and Rest of West Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: West Africa Plant Based Product Market
West Africa Plant Based Product Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.00% in the forecast period of 2021 to 2028 and is expected to reach USD 520,571.51 Thousand by 2028.
Plant-Based Products are made from all the plant-based ingredients such as fruits, legumes, grains, nuts, and seeds. The plant-based products such as cheese, milk, yogurt, ice creams are prepared from all plant-based products. The plant-based products are low in calories, high in nutrients and free from lactose. It is an excellent source of protein and other essential nutrients and contain fewer calories than the animal-based products. Also, the plant-based products are often fortified with essential nutrients to enhance the nutritional value of the plant-based food products. Additionally, consumption of plant-based products daily helps improve health as it offers health benefits such as improving gut microbiota, improving heart health, and others. Also, plant-based products are the best option for a clean and healthy diet. It also helps in supporting the environment and is eco-friendly. Plant-based food products are better for health of the people as well as the planet.
The factors driving the market are rising lactose intolerant population in West Africa, increasing vegan population in West Africa, changing dietary pattern of millennials in West Africa and increasing number of launches of plant-based products in West Africa region. The factor which is hindering the growth of the market is high prices of plant-based products than the conventional products. The opportunities for the plant-based products market is growing market for natural, plant-based products in West Africa and increased demand for plant-based products for malnourished people and increasing number of opportunities for major manufacturers in small countries of West Africa. The major challenges for the market is lack of awareness regarding the plant-based products and low availability of plant-based products in West Africa.
This plant-based products market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
West Africa Plant Based Product Market Scope and Market Size
West Africa plant based product market is segmented on the basis of product type, source, nature (plant-based milk), flavor (plant-based milk), processing (plant-based milk), type (plant-based yogurt), flavors (plant-based yogurt),category (plant-based yogurt), method of preparation (plant-based cheese), texture (plant-based cheese), form (plant-based cheese), flavor (plant-based ice cream), category (plant-based ice cream) and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the West Africa plant based products market is segmented into plant-based milk, plant-based cheese, plant-based butter, plant-based yogurt, plant-based ice cream, and others. In 2021, plant-based yogurt has the largest market share due to factors such as an increase in the prevalence of lactose intolerance and a growing vegan trend among West African consumers.
- On the basis of source, the West Africa plant based product market is segmented into soy, almond, oat, cashew, rice and others. In 2021, almonds segment has the largest market share due to the factors such as the increase in the number of companies offering almond-based products in the West African region.
- On the basis of nature (plant-based milk), the West Africa plant based product market is segmented into sweetened and unsweetened. In 2021, unsweetened segment has the largest market share due to the increase in awareness regarding the availability of a variety of flavor plant-based milk products.
- On the basis of flavors (plant-based milk), the West Africa plant based product market is segmented into plain and flavored. The flavored segment is further sub-divided into chocolate, strawberry, apple, bana, rose, caramel, vanilla, coffee, pineapple and others. In 2021, flavored has the largest market share due to the availability of a wide variety of flavored milk in the West African market and growing awareness regarding lactose intolerance among the population.
- On the basis of processing (plant-based milk), the West Africa plant based product market is segmented into regular and fortified. In 2021, fortified segment has the largest market share owing to the factors such as consumer’s behavior as they opt for the fortified products for their nutritional needs. The growing veganism trend among the West Africa region consumers is also another driver for the growth of the plant-based products market
- On the basis of type (plant-based yogurt), the West Africa plant based product market is segmented into regular, drinkable, frozen, greek, spoonable & drinkable yogurt. In 2021, the drinkable segment has the largest market share due to an increase in the demand for low fat and high nutrition dessert for the children by the parents in West Africa.
- On the basis of category (plant-based yogurt), the West Africa plant based product market is segmented into regular and low calorie. In 2021, low calorie segment has the largest market share due to increasing awareness among the consumers in West Africa about the health benefits offered by vegan products. Plant-based yoghurts are made from the nut-based milk or cereals or seed-based milk.
- On the basis of flavors (plant-based yogurt), the West Africa plant based product market is segmented into plain and flavored. The flavored segment is further sub-divided into strawberry, chocolate, blueberry, vanilla, pineapple, mango, mix fruit and others. In 2021, flavored has the largest market share owing to the factors such as a change in consumers' preference to lead a healthy lifestyle and opt for more nutritious, healthy and clean food products such as flavored yogurt.
- On the basis of method of preparation (plant-based cheese) the West Africa plant based product market is segmented into bacteria-ripened, mould-ripened and un-ripened. . In 2021, the bacteria-ripened segment has the largest market share due to the rise in the vegan trend and the increase in health-conscious people leading to a healthy and clean lifestyle.
- On the basis of texture (plant-based cheese), the West Africa plant based products market is segmented into fresh, hard and soft. The fresh segment is further subdidvided into cottage cheese, cream cheese, ricotta and others, and hard segment into cheddar, Edam, emmental, gouda, Havarti, Italian, hard cheese and other, and soft cheese into brie, camembert, cambozola and others. In 2021, fresh has the largest market share due to rising vegan populations and an increase in people opting for low-fat content and plant-based food over any other.
- On the basis of form (plant-based cheese), the West Africa plant based product market is segmented into slices, blocks/cans, grated, spreads and others. In 2021, the slices segment has the largest market share due to rise in vegan populations and increasing consumers opting for low-fat content and plant-based food over animal-based products.
- On the basis of flavor (plant-based ice cream), the West Africa plant based product market is segmented into apple, raspberry, blueberry, strawberry, coconut, vanilla, salted caramel, African berry (agbalumo), banana, chocolate and others. In 2021, the vanilla segment has the largest market share due to the change in consumers' preferences and the prevalence of lactose intolerant population in West Africa.
- On the basis of category (plant-based ice cream), the West Africa plant based product market is segmented into regular and low calorie. In 2021, low calorie has the largest market share due to growing awareness regarding plant-based desserts and lactose intolerance among the West African population.
- On the basis of distribution channel, the West Africa plant based product market is segmented into store-based retailing and non-store retailing. The store-based retailing is further segmented into convenience store, supermarkets/hypermarkets, speciality stores, grocery stores, wholesalers and others, and non-store retailing into online. In 2021, store-based retailing segment has the largest market share due to the changes in consumers' preference, buying patterns and the easy and nearby availability of plant-based products.
Africa Plant Based Product Market: Country Level Analysis
West Africa Plant Based Product Market is analysed and market size information is provided by country, product type, source, nature (plant-based milk), flavor (plant-based milk), processing (plant-based milk), type (plant-based yogurt), flavors (plant-based yogurt),category (plant-based yogurt), method of preparation (plant-based cheese), texture (plant-based cheese), form (plant-based cheese), flavor (plant-based ice cream), category (plant-based ice cream) and distribution channel as referenced above.
The countries covered in the West Africa Plant Based Product Market report Nigeria, Ghana, Burkina Faso, Ivory Coast, Benin, Togo and Rest of West Africa.
Ghana is dominating in the West Africa with the highest CAGR due to the increased prevalence of lactose intolerance among people and rising awareness regarding plant-based and lactose-free products.
Nigeria is dominating in the West Africa with highest CAGR due to increase in the demand of plant-based products among consumers and increase in number of vegan population. Ivory Coast is dominating the market due to rise in the social trends for plant-based products for leading clean and healthy lifestyle and to support the environment.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of West Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Plant Based Product in Food Industry
West Africa plant based product market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in plant based product and changes in regulatory scenarios with their support for the Plant Based Product market. The data is available for historic period 2011-2019.
Competitive Landscape and West Africa Plant Based Product Market Share Analysis
West Africa Plant Based Product Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to West Africa Plant Based Product West Africa Plant Based Product West Africa Plant Based Product Market.
Some of the major players operating in this market are CWAY GROUP, Chi Limited, Danone S.A., Costco Wholesale Corporation, Blue Diamond Growers, Califia Farms, LLC, FanMilk Ltd (A Danone S.A. Company), Upfield, Tosh Coconuts Limited, Violifefoods and among others
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of West Africa plant based product market.
For instance,
- In October 2020, Blue Diamond Growers launched new product named Almond Breeze Almond milk Mexican Hot Chocolate inspired by the Latin America Holiday Beverage. This new product launch will help Blue Diamond Growers in expanding their product portfolio which will eventually help in increasing the revenue of the company.
Collaboration, joint ventures and other strategies by the market players is enhancing the company footprints in the dairy market which also provides the benefit for organisation in its growth pace.
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