Global Plant-Based Meat Market estimated size and share is predicted to surpass USD 38,273.9 Million, with a forecasted CAGR of 19.8%.

In 2025, the global plant-based meat market is estimated to be valued at approximately USD 5,356.6 Million. By 2035, it is projected to grow to around USD 8,005.7 Million, reflecting a compound annual growth rate (CAGR) of 4.1%.

Metric	Value
Market Size in 2025	USD 5,356.6 Million
Projected Market Size in 2035	USD 8,005.7 Million
CAGR (2025 to 2035)	4.1%

Country Wise Outlook

Country	CAGR (2025 to 2035)
USA	4.2%

Country	CAGR (2025 to 2035)
UK	4.0%

Region	CAGR (2025 to 2035)
European Union (EU)	4.1%

Country	CAGR (2025 to 2035)
Japan	4.0%

Country	CAGR (2025 to 2035)
South Korea	4.2%

Segmentation Outlook - Plant-based Meat Market

Product	Market Share (2025)
Burger	28.9%

Type	Market Share (2025)
Chicken	34.7%

Competitive Outlook

Company Name	Estimated Market Share (%)
Beyond Meat, Inc.	18-22%
Impossible Foods Inc.	14-18%
Kellogg Company ( MorningStar Farms)	10-14%
Nestlé S.A. (Garden Gourmet, Sweet Earth)	8-12%
Tyson Foods, Inc. (Raised & Rooted)	6-9%
Other Companies (combined)	25-30%

Plant-based meat market size is expected to grow from USD 17.1 billion in 2024 to USD 18.7 billion in 2025 and USD 54.8 billion by 2035, at a CAGR of 11.35%.

In 2024, the market value of plant-based meat substitutes worldwide was estimated to be worth ***** billion U.S. dollars. This figure is estimated to steadily increase over the coming years and reach roughly ***** billion in 2028. Meat substitutes Meat substitutes are plant-based products that try to emulate meat products in taste, texture, smell, and appearance. These alternatives exist in a high variety of forms, like the diversity of meat products they are imitating. Plant-based products have achieved a strong position in the market and are now a mainstay in many grocery stores around the world. Currently, over *** million kilograms of meat substitutes are consumed globally. Consumer adoption varies significantly across the globe. *******, ********, and *************** show the highest rate of regular consumption of meat substitutes among their populations.Meat Substitutes in the United StatesIn the United States, meat substitutes get regularly consumed by ** percent of consumers. To put this number into perspective, a comparison to other products is useful. In the same survey, about ** percent of consumers stated that they regularly consume bread and bakery products, and the same share of respondents eat potatoes regularly. Both categories show regular consumption levels of around **** times the level of meat substitutes. In total, the market in the U.S. alone generates an annual revenue of *** billion U.S. dollars.

The global plant-based meat market size was approximately USD 8.54 Billion in 2024. The market is assessed to grow at a CAGR of 19.80% between 2025 and 2034, reaching a value of USD 52.00 Billion by 2034.

Plant-based Meat Market size reached USD 5,642.4 million in 2022 and estimated to reach USD 17,994.1 million in 2030 and growing at a CAGR of 15.6%

The U.S. plant-based meat market was valued at USD 2.25 billion in 2023 and is projected to reach USD 5.25 billion by 2029, growing at a CAGR of 15.18%.

As per Cognitive Market Research's latest published report, the Global Plant-based Meat market size was $5.23 Billion in 2022 and it is forecasted to reach $18.96 Billion by 2030. Plant-based Meat Industry's Compound Annual Growth Rate will be 20.18% from 2023 to 2030. What is driving the Growth of Plant-based Meat Market?

Rising investment in plant-based food:

Consumers have increased the adoption of the plant-based diet owing to various factors, such as improved overall health awareness, weight management, a desire to eat cleanly, and a desire to eat more sustainable food. This high inclination is majorly bolstered by social media awareness. Hence, plant-based meat has started hitting that sweet spot in food industry competing with animal-based meat products. Though the sale of plant-based meat in the U.S. accounts for less than 1% of the overall meat market, however, it is growing exponentially at significant growth rate.

Major companies are also investing in plant-based food encouraging plant-based meats market. For instance, companies like Beyond Meat and Impossible Foods have experimented for years to develop convincing meat replacements with plant ingredients like soybean roots and pea protein. Impossible Foods gets its burger to “bleed” by adding an iron-containing molecule called haemoglobin, and the Beyond Burger relies on beets to create a similar outcome. Moreover, restaurants are also initiating to promote plant-based meats. Restaurants like Terri NYC use improved versions of seitan, derived from wheat gluten, to create convincing “chicken” sandwiches. Thus, rising investment by major players is driving the growth of the plant-based meat market.

Current Trends on Plant-based Meat:

Pandemic Impacts:

The COVID-19 pandemic has severely impacted meat production, supply chain, and their prices. This has resulted in severe socio-economic crisis worldwide. Initially, low production and high demand for meat caused panic buying and has increased meat products' prices. Later the meat market saw a significant decline in both production and demand due to lockdown restrictions and lower purchasing power of the consumers. Disruption in supply chain worsen the situation within meat market as meat producers and processors faced difficulty in harvesting and shipment of the products due to lockdown situations, decrease in labor force, restrictions in movement of animals within and across the country and change in legislation of local and international export market.

Therefore, year 2020 seemed to be a right time to invest in plant-based meat alternatives or in cultured meat to combat this type of situation in the future. Hence, COVID-19 pandemic has re-shaped plant-based meat market from the global economies to product categories, pricing, and stock availability to consumer behavior.

Furthermore, in year 2021, China reported African swine fever, a deadly virus in pigs that created detrimental effect on pork production resulted in high prices. The disease has further created negative impact on consumers which also stimulated major inclination towards plant-based meat market. What is Plant-based meats and Its Current Status?

Plant-based meats are the products that perfectly mimics animal meats in texture as well as taste. Various protein sources, such as tofu, legumes, seitan, lentils, and soybeans are used to make plant-based meats. Moreover, it tends to be lower in saturated fat and calories, with high fibrous value.

Processed meat alternatives that imitate meat have been available across the globe for decades. However, new formulations have increased the acceptance of these products for consumers in recent times. Many people around the globe are switching to plant-based meat for environmental or health reasons.

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Plant-Based Meat Market Size 2024-2028

The plant-based meat market size is forecast to increase by USD 27.29 billion at a CAGR of 36.92% between 2023 and 2028.

The global plant-based meat market's growth is driven by growing consumer demand for healthier, sustainable food options and advancements in food technology that improve the taste and texture of plant-based alternatives. These shifts reflect broader changes in consumer preferences and industry innovation responding to environmental and health concerns.
This report offers a thorough breakdown of market size, growth forecasts, and key segments like frozen food and refrigerated plant-based products, providing practical insights for business strategy, customer engagement, and operational planning. It highlights the trend of new product launches enhancing variety and appeal, while also addressing challenges such as higher production costs that impact pricing and scalability. For businesses looking to compete in the global plant-based meat market, this report delivers valuable data and analysis to navigate evolving trends and tackle persistent hurdles effectively.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a range of products derived from wheat, chickpeas, soy, corn, rice, oats, and other plant sources, mimicking the taste, texture, and nutritional profile of animal-based foods such as chicken, pork, beef, and seafood. Consumer interest in plant-based diets, driven by factors including health, environmental concerns, and animal rights, has fueled significant market growth. These alternative protein sources offer comparable nutritional benefits, including essential amino acids, water absorption, solubility, and emulsification properties, ensuring they meet the nutritional requirements of the human body. Plant-based meat alternatives exhibit desirable characteristics, such as viscosity, anti-oxidation, and texture, making them increasingly popular choices for individuals following vegan or vegetarian lifestyles.
The market for refrigerated plant-based meat continues to expand, with offerings in chicken, pork, beef, and seafood categories. The market is poised for continued growth, as technology advances and consumer preferences evolve.

How is this Plant-Based Meat Industry segmented and which is the largest segment?

The plant-based meat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.Foodservice SystemFrozenRefrigeratedShelf-stableTypePlant based beefPlant based chickenPlant based porkOthersEnd UserRetail/HouseholdFoodserviceInstitutionalGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaArgentinaBrazilMiddle East and AfricaEgyptKSAOmanUAE

By Foodservice System Insights

The frozen segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products, including plant-based chicken, pork, beef, seafood, and burgers. Consumer interest in plant-based diets, driven by factors such as animal rights, health benefits, and environmental concerns, fuels market growth. Companies like Impossible Foods and Beyond Meat lead innovation in this space, offering products that mimic the taste, texture, and aroma of animal-based foods through technologies like emulsification, solubility, and anti-oxidation. Plant-based meats, made from sources such as soy, wheat, chickpeas, corn, rice, oats, and peas, provide fiber, vitamin C, and iron, while maintaining a long shelf life. Market players are expanding their offerings through refrigerated and frozen products, foodservice channel distribution, and retail sales, including online retailing channels.

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The frozen segment was valued at USD 1.38 billion in 2018 and showed a gradual increase during the forecast period. The plant-based meat market flourishes across product types, sources, and end users. Burger Patties lead, replacing beef in popular meals, while Sausages shine for versatility in breakfasts and grilling. Strips and Nuggets attract younger eaters and fast-food fans, Meatballs rise in plant-based pasta and snacks, and Ground Meat suits home cooks crafting tacos or sauces. Soy-based options dominate with protein-rich, meat-like textures, while Pea-based grows fast for its allergen-free, sustainable appeal. Wheat-based seitan offers a traditional alternative, and Mycoprotein gains fans for nutrition and texture. Retail/Household drives demand as diets shift, Foodservice expands via chains like Burger King, and Institutional users like schools embrace sustainable choices.

Regional Analysis

North America is estimated to contribute 41% to the gro

The Plant-based Meat Market size was valued at USD 5.23 billion in 2023 and is projected to reach USD 24.80 billion by 2032, exhibiting a CAGR of 24.9 % during the forecasts period. Plant-based meat refers food produced from non-meats, or occasionally without any other animal product that acts as meat substitute and has a similar protein content. These products look like meat and also have taste like meat. Increasing number of health-conscious people across the globe and awareness about plant-based diet and its benefits is driving the market. As compared to regular meat products, plant-based meat is expensive and lack of taste and texture. However, providers are continuously improving taste and texture of plant-based meat products for its wider acceptance. Further, plant-based meat products can be easily available at supermarkets, restaurants and online platforms, which is expected to fuel the growth in market.

The size of the U.S. Plant-based Meat Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 23.9 % during the forecast period. Plant-based meat refers to food products designed to mimic the taste, texture, and appearance of traditional animal-based meat, but made entirely from plants. These products are typically crafted from ingredients like soy, pea protein, lentils, mushrooms, and other plant-based sources, which are processed and flavored to replicate the characteristics of meat. Plant-based meats are often used as alternatives in popular meat dishes such as burgers, sausages, and nuggets, offering a solution for individuals who choose not to consume animal products for reasons related to health, ethics, or environmental sustainability. The rise in plant-based meat consumption is driven by growing awareness of the environmental impact of livestock farming, concerns about health risks associated with excessive meat consumption, and a desire for cruelty-free food options. These products aim to provide similar nutritional benefits, such as protein and iron, while often being lower in saturated fat and free from cholesterol. Plant-based meats are seen as a key innovation in the food industry, contributing to a shift towards more sustainable and ethical food systems.

The global plant-based meat market, as revealed in a newly published industry analysis by Fact.MR, is projected to reach a value of US$ 14.39 billion in 2024. Worldwide revenue from the sales of plant-based meat has been forecasted to rise at a CAGR of 5.8% and reach US$ 25.29 billion by 2034-end.

Report Attributes	Details
Plant-based Meat Market Size (2024E)	US$ 14.39 Billion
Forecasted Market Value (2034F)	US$ 25.29 Billion
Global Market Growth Rate (2024 to 2034)	5.8% CAGR
Market Share of Plant-based Meat Tempeh (2034F)	22.4%
Canada Market Growth Rate (2024 to 2034)	6.3% CAGR
North America Market Share (2034F)	24.3%
Key Companies Profiled	Amy’s Kitchen Inc.; Pinnacle Foods, Inc.; Impossible Foods Inc.; Kellogg Company; Beyond Meat Inc.; Meat. The End; Fry Group Foods (Pty) Ltd.; The Kraft Heinz Company; Turtle Island Foods, Inc.; Maple Leaf Foods; Tofurky; Sunfed; Yves Veggie Cuisine; Ligthlife Foods, Inc.; Vegetarian Butcher Conagra, Inc.; Trader Joe’s

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 1.53 Billion
Growth Rate (2024 to 2034)	6.2% CAGR
Projected Value (2034F)	US$ 2.8 Billion

Attribute	China
Market Value (2024E)	US$ 1.58 Billion
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 2.77 Billion

Attribute	Japan
Market Value (2024E)	US$ 931.5 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 1.72 Billion

Category-wise Insights

Attribute	Tempeh
Segment Value (2024E)	US$ 3.48 Billion
Growth Rate (2024 to 2034)	5% CAGR
Projected Value (2034F)	US$ 5.66 Billion

Attribute	Industrial
Segment Value (2024E)	US$ 7.86 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 13.96 Billion

The Japan plant-based meat market size reached USD 980.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 5,448 Million by 2033, exhibiting a growth rate (CAGR) of 21% during 2025-2033. The rising health consciousness among the masses, favorable government initiatives, increasing inclination among the masses to adopt vegetarian or vegan diets and rising expenditure capacities of consumers represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 980.2 Million
Market Forecast in 2033	USD 5,448 Million
Market Growth Rate (2025-2033)	21%

IMARC Group provides an analysis of the key trends in each segment of the Japan plant-based meat market report, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, source, meat type, and distribution channel.

BCC Research Market Analyst says global market for plant-based meat is expected to grow from $8.8 billion in 2023 to $17.1 billion by the end of 2028, at a CAGR of 14.1%.

The Middle East And Africa Plant-Based Meat Market report segments the industry into Product Type (Plant-Based Meat, Plant-Based Dairy), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Channels, Other Distribution Channels), and Geography (South Africa, United Arab Emirates, Saudi Arabia, Egypt, Rest of Middle East and Africa). This report provides historical insights and forecasts for the market.

Global plant-based meat market to reach US$36.13Bn by 2031 from US$14.51Bn in 2024, driven by a 13.9% CAGR due to rising sustainability concerns

Global Plant based Vegan Meat market size 2025 was XX Million. Plant based Vegan Meat Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Newly released data on plant-based beef Market analysis shows that according to Future Market Insights the market is estimated to be valued at USD 4.1 billion in 2023 and is projected to reach USD 26.9 billion by 2033, recording a CAGR of 20.6%, in terms of value.

Report Attributes	Details
Plant-Based Beef Market Size Value in 2023	USD 4.01 Billion
Plant-Based Beef Market Forecast Value in 2033	USD 26.9 Billion
Global Growth Rate (2023 to 2033)	20.6%
Forecast Period	2023 to 2033

How Will the Market Progress Till June 2023?

Market Statistics	Details
H1,2022 (A)	22.5%
H1,2023 Projected (P)	22.7%
H1,2023 Outlook (O)	25.0%
BPS Change : H1,2023 (O) - H1,2023 (P)	(+) 227 ↑
BPS Change : H1,2023 (O) - H1,2022 (A)	(+) 249.7 ↑

Country-wise market analysis

Regions	North America
Countries	United States
CAGR	20.0%
Market Value (2033)	US$ 7.9 Bn

Regions	North America
Countries	Canada
CAGR	27.2%
Market Value (2033)	US$ 571.8 Mn

Regions	Asia Pacific
Countries	China
CAGR	18.1%
Market Value (2033)	US$ 1.4 Bn

Regions	Asia Pacific
Countries	South Korea
CAGR	22.0%
Market Value (2033)	US$ 290.4 Mn

Regions	Asia Pacific
Countries	Japan
CAGR	19.2%
Market Value (2033)	US$ 457.0 Mn

The India Plant Based Meat Alternatives Market Report is Segmented by Product Type (Tempeh, Textured Vegetable Protein, Tofu, and Other Meat Substitutes) and Distribution Channel (Off-Trade and On-Trade). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The global volume in the 'Meat Substitutes' segment of the food market was forecast to continuously increase between 2025 and 2030 by in total 224.3 thousand tons (+31.87 percent). After the tenth consecutive increasing year, the volume is estimated to reach 928.12 thousand tons and therefore a new peak in 2030. Notably, the volume of the 'Meat Substitutes' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average consumption per capita and revenue growth. The Statista Market Insights cover a broad range of additional markets.