The global plant-based food market is expected to reach **** billion U.S. dollars in 2025. Further growth is expected. The forecast projects that by 2030 the market will have more than ******** For 2022, the model expects a market worth **** billion U.S. dollars.

The global plant-based food market is valued at USD 14,225.3 million in 2025 and is poised to reach USD 44,181.9 million by 2035, reflecting a CAGR of 12%. The market is experiencing rapid and sustained growth due to a combination of health, environmental, ethical, and technological factors that are reshaping consumer preferences and food industry strategies.

Metric	Value
Industry Size (2025E)	USD 14,225.3 million
Industry Value (2035F)	USD 44,181.9 million
CAGR (2025 to 2035)	12%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	12.6%

Country	CAGR (2025 to 2035)
UK	11.4%

Region	CAGR (2025 to 2035)
European Union	12.0%

Country	CAGR (2025 to 2035)
Japan	10.8%

Country	CAGR (2025 to 2035)
South Korea	12.2%

The Plant-Based Food and Beverages Market Report is Segmented by Type (Plant-Based Dairy, Meat Substitutes, and More), Ingredient Source (Soy, Almond, Pea, and More), Form (Refrigerated/Chilled, Frozen, and More) Distribution Channel (On-Trade and Off-Trade), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Plant-Based Food market size was USD 12541.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5016.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3762.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2884.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 627.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
The dairy substitute category is the fastest growing segment of the Plant-Based Food industry

Market Dynamics of Plant-Based Food Market

Key Drivers for Plant-Based Food Market

Growing Awareness of the Advantages of Consuming a Plant-Based Diet for Health to Boost Market Growth

Global consumers now have a comprehensive awareness of the harmful effects of consuming too much meat because of a variety of government initiatives, including exposure and awareness campaigns. Overindulging in meat consumption can result in several health issues, such as hypertension, obesity, elevated cholesterol, as well as blood sugar, all of which may result in cardiac arrest. About 90% of the over 356,000 out-of-hospital cardiac arrests (OHCA) that occurred in the United States in 2020 were fatal, according to the Sudden Cardiac Arrest Foundation. Customers are being forced to convert to vegan products because they are healthier and just as nutrient-dense. A vegetarian diet can lower blood pressure, lessen the danger of heart disease, lower the possibility of obesity, and cut the risk of type-2 diabetes, among other health benefits. Consequently, the market for plant-based foods is expected to increase at a faster rate throughout the forecast period.

Advancements in Food Technology to Drive Market Growth

The development of distinct plant-based alternatives that closely imitate the flavor, texture, and appearance of animal products is one of the factors driving the demand for plant-based foods thanks to advancements in food technology. These days, plant-based meat substitutes that mimic the tastes and textures of real meat are readily available as burgers, sausages, and nuggets. Plant-based components such as soy, wheat, and pea protein are used to make these substitutes. Furthermore, advancements in food technology have enabled the production of vegan cheese, ice cream, yogurt, and other dairy substitutes that are very similar to their animal-based counterparts. To improve the sensory experience of vegan substitutes, emulsifiers, texture modifiers, and taste enhancers are being used. For instance, Shiru, Inc. announced the release of OleoPro, a plant-based fat component. The ingredient was developed using Flourish, the company's in-house technological platform. The application utilizes artificial intelligence (AI) to produce insights regarding novel plant-based protein substitutes.

Restraint Factor for the Plant-Based Food Market

Inflationary Pressures Restrain Growth in the Plant-Based Food Market

Rising inflation and economic uncertainty have emerged as significant restraints on the growth of the plant-based food market. Plant-based foods are more expensive due to a variety of reasons, such as higher labour costs, less government subsidy than for animal farming, and the recent surge in demand for plant-based foods, along with sourcing and supply chain problems, particularly with core plant protein sources like soy and pea-can also drive up production costs. As living expenses rise, consumers are becoming increasingly pinched in their expenditures, going for necessary and lower-cost versions of staples instead of high-cost plant-based alternatives. This trend is especially predominant in the meat substitutes category, where higher manufacturing a...

In 2024, egg substitutes saw their dollar sales value grow by *** percent in the U.S. market. In the 52 weeks ending December 1, 2024, the dollar sales value growth rate of meat and seafood substitutes was at approximately minus ***** percent. Egg substitutes have the lowest dollar sales value in the market for plant-based foods. Plant-based food in the U.S. Plant-based foods tend to be more expensive than their animal-based counterparts. The average price of milk, for example, is *** U.S. dollars per gallon, compared to **** U.S. dollars per gallon of milk alternatives. The average price for meat is **** U.S. dollars, whereas meat alternatives are about twice as expensive. Sales of plant-based foods in the U.S. had been growing much faster in recent years than the sales of the total food retail market. However, in 2023 and 2024, while total food retail has experienced positive growth, sales of plant-based foods dipped into negative numbers for the first time, perhaps signaling some stagnation in the market. Plant-based milk in the U.S. Milk alternatives have the highest sales share of plant-based food alternatives. Plant-based milk alternatives account for approximately ** percent of all U.S. plant-based alternative sales. By comparison, plant-based meat only accounts for *** percent of all meat dollar sales. The volume of milk substitutes consumed in the United States was almost *** million kilograms in 2024. This figure is forecast to reach close to *** billion kilograms in 2030. The leading milk alternative brand ranked by brand awareness in the U.S. is Silk, followed by Blue Diamond's Almond Breeze and Chobani.

The Europe Plant-Based Food and Beverages Market Report is Segmented by Product Type (Plant-Based Dairy, Meat Substitutes, and More), Ingredient (Soy, Oat, and More), Form (Refrigerated/Chilled, Frozen, and More), Distribution Channel (On-Trade and Off-Trade), and Country (United Kingdom, Germany, France, Italy, Spain, Netherlands, Sweden, Poland, and More). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Vegan Food market size is USD 17584.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

North America held the major market share for more than 38.60% of the global revenue with a market size of USD 7033.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 28.40% of the global revenue with a market size of USD 5275.26 million.
Asia Pacific held a market share of around 25.60% of the global revenue with a market size of USD 4044.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5.30% of the global revenue with a market size of USD 879.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2.00% of the global revenue and was estimated at a market size of USD 351.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The Meat Substitute held the highest Vegan Food market revenue share in 2024.

Market Dynamics of Vegan Food Market

Key Drivers for Vegan Food Market

Growing prevalence of lactose intolerance and dairy allergies Increases the demand globally

There is a significant increase in vegan food markets due to the increasing prevalence of lactose intolerance and dairy allergies. Vegan and plant-based foods provide an alternative option for consumers of dairy food owing to their dairy allergies. It provides dairy-free options like soy yogurt, coconut-based cheeses, and almond milk. The growth of the vegan food market is propelled by the increasing number of people learning about health and well-being and hence seeking vegan products to enhance digestive health and general well-being. Additionally, with rising demand for alternative healthy eating opportunities, the food manufacturer expanding their vegan product lines to cater to the demand of the market.

Expansion of vegan product offerings by mainstream food companies to Propel Market Growth

Increasing expansion of vegan products by manufacturers of vegan food companies significantly drives the market growth. Companies like Danone S.A., Kellogg Company, and Conagra, Inc. are starting to pay attention to the rapid growth in the vegan food market by expanding their vegan product offerings. As more people are moving towards veganism, these corporations are venturing more into plant-based foods to cater to the demand of vegetarians. For instance, in July 2022, Danone launched a new Dairy & Plants Blend baby milk substitute that has the healthful benefits of dairy and plant proteins. The preparation is made up of 60% non-GMO soy-based protein and 38.60% casein and also includes lactose, a carbohydrate that is found in breast milk.

Source: (https://www.danone.com/stories/articles-list/danone-launches-new-dairy-plants-blend-baby-formula.html)

Restraint Factor for the Vegan Food Market

Higher cost of vegan products compared to non-vegan alternatives hindered the market growth

The growth of the vegan food market has been slowed down by the greater expense of vegan goods in contrast to non-vegan ones. Plant-based products, containing meat substitutes or milk alternatives, tend to cost more than ordinary ones according to a great number of consumers. The higher prices of vegan food are also due to the higher costs of raw materials, smaller production scales, and specialized manufacturing processes which restrain the growth of the market.

Impact of Covid-19 on the Vegan Food Market

The COVID-19 pandemic has had various effects on the Vegan Food marketplace. Initially, disruptions in worldwide delivery chains and production tactics triggered delays in product availability. However, the pandemic highlighted the need for vegan food owing to the importance of health and sustainability. During the pandemic, e-commerce and online retail grew appreciably, growing the call for plant-based foods to boost immunity. Furthermore, rigorous fitness and safety rules encouraged companies to look into vegan food to increase consumer preference towards clean and sustainable eating. Despite boundaries, the pandemic has hastened the adoption of vegan foods, getting ready the marketplace for lengt...

In fiscal year 2021, the market size of plant-based foods in Japan was estimated at ** billion Japanese yen. The market was forecast to grow steadily to ** billion yen in fiscal 2025. While the rising awareness of sustainable and ethical consumption is stimulating market growth in Japan, plant-based foods have long been a part of Japanese eating culture without recognition as an alternative to animal products. Plant-based proteins Plant-based foods cover a broad range of alternatives to animal-derived products, but among the most commonly associated segments are meat alternatives made from soybeans. Soy products like tofu are actively consumed as a general side dish in Japan, but a stand-alone soy meat market is only emergent. Advances in food technology have been closing the gaps between conventional meats and imitation products regarding texture, taste, and culinary uses, with the familiarity with meat alternatives slowly growing. Elevating soy to plant-based foods? Soy-based foods are considered a factor contributing to the healthy aspect of traditional Japanese foods (washoku), with the beans being processed into a variety of foods, condiments, and beverages. But unlike the global consumer market, soy milk and tofu are considered more as general foods than plant-based alternatives to cow’s milk and meat. Soy milk is consumed as a regular beverage in Japan, with flavored, fruity soy beverages being no rarity on store shelves. Tofu, on the other hand, is a multipurpose ingredient in Japanese cuisine, available in a variety of textures through frying, freeze-drying, stir-frying, or steaming the pressed soy curds. With startups and established meat processors joining the plant-based food market, manufacturers are faced with the challenge of setting themselves apart from conventional soy products.

The global vegan food market size is projected to grow from USD 27.57 billion in 2025 to USD 64.47 billion by 2033, exhibiting a CAGR of 11.2%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 24.8 Billion
Market Size in 2025	USD 27.57 Billion
Market Size in 2033	USD 64.47 Billion
CAGR	11.2% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Ingredient Type,By Product Type,By Distribution Channel,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

According to Cognitive Market Research, the global Vegetarian Food market size was USD 34125.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13650.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10237.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7848.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1706.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 682.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
The Online Retailers category is the fastest growing segment of the Vegetarian Food industry

Market Dynamics of Vegetarian Food Market

Key Drivers for Vegetarian Food Market

The increasing popularity of innovative food packaging for vegan food products to Boost Market Growth

One of the most significant growth factors in the vegan food product market is the growing demand for sustainable packaging materials. The demand for eco-friendly packaging is driven by environmentally conscious consumers, who are encouraging manufacturers to implement innovative solutions. Companies such as Oatly are pioneering the implementation of carbon labeling on their products, thereby increasing consumer trust and transparency. Additionally, No Evil Foods Sacred Serve, a company headquartered in the United States, is establishing a standard for the industry by investing in the development of sustainable packaging materials. These initiatives not only address the increasing consumer demand for sustainable and ethically packaged products, but they also mitigate the environmental impact. This shift toward innovative packaging is not merely a marketing strategy; it is a critical response to the environmental concerns associated with conventional packaging materials, which is promoting industry growth and establishing new standards in the vegan food market.

Increasing Demand for Animal Cruelty-Free Products to Drive Market Growth

Another significant factor contributing to the global vegan food market is the increasing demand for animal cruelty-free products. A shift toward vegan diets is being prompted by the growing awareness of the ethical and environmental implications of animal-meat consumption among consumers. The environmental advantages of adopting a vegan lifestyle are underscored by the fact that dairy and meat products account for approximately 60% of greenhouse gas emissions from agriculture, according to reports. This trend was further exacerbated by the COVID-19 pandemic, which raised awareness of the health implications and origins of food products due to concerns regarding zoonotic infections. As a result, there has been a substantial rise in the demand for and consumption of vegan products, as individuals endeavor to make more environmentally conscious and ethical decisions. The vegan food market is experiencing substantial growth as a result of the increasing demand for cruelty-free products and the corresponding increase in awareness.

Restraint Factor for the Vegetarian Food Market

Nutrient Deficiencies and High Cost of these products, will limit market growth

The high cost of plant-based alternatives in comparison to traditional animal-based products is a significant constraint on the vegan food market. The adoption rate of vegan products is slowed by the prohibitive prices that many consumers find. Furthermore, the taste and texture of plant-based foods frequently differ from those of animal-based foods, which may render them less appealing to certain consumers. Additionally, vegan diets may result in specific nutrient deficiencies, including anemia, low protein content, hormonal imbalances, and low Vitamin B12 levels. This requires that consumers consult with healthcare professionals to guarantee that they are provided with a nutritious die...

The Indonesia Plant-Based Food and Beverage Market is Segmented by Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-Dairy Ice Cream, and More), Ingredient Source (Soy, Almond, and More), Form (Chilled/Shelf-Stable, and Frozen), Distribution Channel (On-Trade and Off-Trade), and Region (Western Indonesia and More). The Market Forecasts are Provided in Terms of Value (USD).

India Plant-Based Food Products Market size is valued at around USD 4.9 million in 2025 and is projected to reach USD 21.87 million by 2030 at a 34.87% CAGR.

The Chinese Plant Based Food and Beverage Market size was valued at USD 1.4 Million in 2023 and is projected to reach USD 2.85 Million by 2032, exhibiting a CAGR of 5.11 % during the forecasts periods. Recent developments include: In May 2022, one of the prominent plant-based meat suppliers Beyond Meat expanded in China following a new partnership with Chinese convenience shop Lawson. In accordance with the deal, two plant-based lunch boxes were supplied to more than 2,300 Lawson stores across the country., In June 2021, LIVEKINDLY Collective has introduced two new vegan meat brands in an effort to meet Chinese customers' growing desire for plant-based foods and drinks. The flagship vegetarian meat products Giggling Pig and Happy Chicken were created to cater to Chinese culinary preferences. The seven products offered by the brands included dumplings, seasoned mince, and several meals made with mushrooms., In January 2021, Thailand-based Sesamilk Foods announced its plans about targetting China and Taiwan as part of its expansion strategy abroad to increase export business from 30% to 80% by 2022-2023.. Key drivers for this market are: Rising Demand for Clean Label Food & Beverage Products, Rising Demand for Dairy Products. Potential restraints include: Presence of Preservatives in Ready Meals may Hamper the Market Growth. Notable trends are: Growing Popularity of Vegan Diet in China.

The booming plant-based food & beverage market is projected to hit $24.22 billion by 2025, growing at a 14.8% CAGR. Discover key trends, market drivers, and leading companies shaping this rapidly expanding sector. Explore regional breakdowns and future growth predictions for plant-based meat, dairy alternatives, and more.

Discover the booming vegan food market! Our analysis reveals a $29.08 billion industry with a 15.2% CAGR, driven by health, sustainability, and innovation. Explore market trends, key players, and regional insights to understand this exciting growth sector. Learn about vegan dairy, meat alternatives, and more.

The size of the Plant Based Food Market was valued at USD 55 billion in 2023 and is projected to reach USD 126.22 billion by 2032, with an expected CAGR of 12.6% during the forecast period. Recent developments include: In March 2022, Good mylk, the plant-based dairy company, acquired the nutrition brand PRO2FIT in one of the first M&As in India's growing plant-based sector. PRO2FIT produces plant-based food such as vegan protein powder and retails across India., In May 2021, Unilever declared that it would partner with ENOUGH, a food tech company, to bring new plant-based meat products. , In March 2020, Treeline Cheese launched a line of plant-based cream cheese made using cultured cashew nuts and other plant-based food.. Key drivers for this market are: The growing awareness about the environmental impact of animal agriculture is driving consumers towards plant-based diets, which have a significantly lower environmental footprint. Plant-based foods are perceived as healthier than animal-based foods, as they are typically lower in saturated fat and cholesterol, and higher in fiber and nutrients.. Potential restraints include: The production of plant-based foods can be more expensive than the production of animal-based foods, which can limit their affordability for some consumers. The supply chain for plant-based foods can be more complex than the supply chain for animal-based foods, which can lead to disruptions and increased costs.. Notable trends are: Companies are investing in the development of new and innovative plant-based proteins that mimic the taste and texture of animal-based proteins. Plant-based food companies are increasingly offering personalized nutrition solutions, tailored to individual dietary needs and preferences..

Vegan Food Market size was valued at USD 38.21 billion in 2024 and is expected to grow at a CAGR of 7.60% from 2025-32, reaching USD 112 billion by 2032.

Plant-based Food Market size is expected to be worth around USD 68.9 Bn by 2033, from USD 22.0 Bn in 2023, growing at a CAGR of 12.1%

The size of the Plant-based Food & Beverages Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.28% during the forecast period. Recent developments include: May 2022: Danone launched the new Dairy & Plants Blend baby formula to meet parents' demand for feeding options suitable for vegetarian, flexitarian, and plant-based diets, while still meeting their baby's specific nutritional requirements., January 2022: A new biotech company, Gaia's Farming Co., launched its first two milk alternatives made with hemp and oats to cater to the growing vegan population., May 2021: Conagra Brands expanded its Gardein meat alternatives in Canada with the introduction of a new Suprême Plant-Based Burger.. Key drivers for this market are: Increasing Health Concerns are Supporting the Market's Growth, Growing Consumer Preference for Convenience Seafood. Potential restraints include: Rising Concern About Quality and Safety Standards of Canned Tuna. Notable trends are: Growing Popularity of Vegan Culture.

Discover the booming plant-based alternative meat market! Our comprehensive analysis reveals a $25 billion market in 2025 projected to grow at a 15% CAGR, driven by health consciousness, sustainability concerns, and innovative product development. Learn about key players, market trends, and future growth opportunities.