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%

According to Cognitive Market Research, the global Plant-Based Food market size will be 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 manufacturi...

Global Plant-Based Meat Market is anticipated to grow at a CAGR of 19.8% during the forecast period, with an estimated size and share exceeding USD 38,273.9 Million by 2032, according to projections.

In 2023, milk alternatives had the highest sales value in the plant-based food market in the United States. In the 52 weeks ending December three that year, sales of milk alternatives were valued at approximately *** billion U.S. dollars. Meat alternatives were valued at *** billion U.S. dollars. Tofu, tempeh, and Seitan were valued at nearly *** million U.S. dollars. The year-on-year growth rate for plant-based foods in the U.S. can be found here.
Plant-based meat and milk market in the U.S. Almond milk is the top-selling category of milk substitutes in the United States. Sales of soy and coconut milk were low in comparison. The most well-known plant-based milk brands among consumers in the U.S. are **** and ***************************** In the meat substitutes market, the most purchased plant-based meats in the U.S. are beef-style alternative burgers and traditional veggie burgers. *********** and ************* are the most popular meat-substitute brands. Decline of the plant-based meat market in the U.S. The plant-based meat market has entered a downward trend. Compared to 2022, the market in 2023, shrank by ** percent measured in unit sales. Taking the prior year's decline into account, the market shrank by over a quarter.

In 2020, sales of plant-based organic foods in Europe were valued at almost *** billion U.S. dollars. By 2026, this figure is expected to reach *** billion U.S. dollars.

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).

The report covers Vegan Food and Beverage Market in Mexico and is segmented by Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, Non-dairy Spreads, and Other Plant-Based Products); and Distribution Channel (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Online Retail Stores, and Other Distribution Channels)

In 2019, the value of the plant-based food market in Thailand amounted to around ** billion Thai baht. Such market value was forecast to reach ** billion Thai baht in 2024. From 2019 to 2024, the compound annual growth rate of the plant-based market was also estimated to be ten percent.

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.

Plant-based Food Market by Type (Dairy Alternatives, Plant-based Meat, Meals, Confectionery, Beverages, Egg Alternatives, Seafood), Source (Soy, Wheat, Pea, Rice), Distribution Channel (B2B, B2C [Convenience Store, Online Retail]) - Global Forecast to 2031

The global plant-based food & beverages alternatives market size was valued at USD 10.63 billion in 2019 and is anticipated to reach USD 32.29 billion by 2027 at a CAGR of 14.8% | Plant-based Food Market | Plant-based Beverages Market | Plant-Based Alternatives/ Ingredients Market | Plant-Based Food...

The plant-based chicken market is projected to witness strong growth between 2025 and 2035, driven by increasing consumer interest in meat alternatives, heightened awareness around animal welfare and environmental sustainability, and advancements in texture and flavour technologies. The market is expected to be valued at USD 3.2 billion in 2025 and is anticipated to reach USD 17.20 billion by 2035, reflecting a CAGR of 18.1% over the forecast period.

Metric	Value (USD)
Industry Size (2025E)	USD 3.2 billion
Industry Value (2035F)	USD 17.20 billion
CAGR (2025 to 2035)	18.1%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	18.4%

Country	CAGR (2025 to 2035)
United Kingdom	17.9%

Region	CAGR (2025 to 2035)
European Union	18.0%

Country	CAGR (2025 to 2035)
Japan	17.3%

Country	CAGR (2025 to 2035)
South Korea	18.6%

Category-wise Insights

Product Type	Value Share (%)
Burger Patty	34.9%

Source	Value Share (%)
Soy-based Protein	38.6%

Competitive Outlook

Company/Organization Name	Estimated Market Share (%)
Beyond Meat, Inc.	18-22%
Impossible Foods Inc.	14-18%
Tyson Foods, Inc. (Raised & Rooted)	11-15%
The Vegetarian Butcher (Unilever)	9-13%
Kellogg Company (MorningStar Farms)	7-10%
Others	22-28%

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%.

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.

Plant-based Food Market Outlook

According to our latest research, the global plant-based food market size reached USD 54.2 billion in 2024, demonstrating robust expansion driven by shifting consumer preferences, increased health awareness, and environmental considerations. The market is expected to grow at a CAGR of 11.8% from 2025 to 2033, projecting a value of USD 142.7 billion by the end of the forecast period. The significant growth in this industry is primarily attributed to the rising demand for sustainable food alternatives and the adoption of plant-based diets worldwide.

One of the primary growth factors propelling the plant-based food market is the increasing consumer awareness regarding the health benefits associated with plant-based diets. As chronic diseases such as obesity, diabetes, and cardiovascular conditions become more prevalent, consumers are actively seeking alternatives to traditional animal-based products. Plant-based foods, including dairy alternatives and meat substitutes, are perceived to offer lower cholesterol levels, fewer saturated fats, and higher fiber content, making them attractive to health-conscious individuals. This shift in dietary habits is further supported by endorsements from healthcare professionals and nutritionists, who advocate for plant-forward eating patterns to promote long-term well-being.

Another critical driver is the growing environmental concern related to conventional animal agriculture. The livestock industry is a significant contributor to greenhouse gas emissions, deforestation, and water usage. Consumers, especially millennials and Gen Z, are increasingly motivated by sustainability and ethical considerations when making food choices. The adoption of plant-based foods is seen as a viable solution to reduce one’s carbon footprint and promote animal welfare. This environmental consciousness is further amplified by social media campaigns, documentaries, and corporate sustainability initiatives that highlight the ecological impact of food production, thereby accelerating the shift towards plant-based alternatives.

Innovation within the food industry has also played a pivotal role in the expansion of the plant-based food market. Food manufacturers are investing heavily in research and development to enhance the taste, texture, and nutritional profile of plant-based products. Advanced processing techniques and the use of novel ingredients such as pea protein, mycoprotein, and algae have resulted in products that closely mimic the sensory experience of traditional meat and dairy. This has led to broader consumer acceptance, with plant-based offerings now available across various product categories, including snacks, beverages, and ready-to-eat meals. The proliferation of these innovative products is further supported by aggressive marketing campaigns and strategic partnerships within the foodservice and retail sectors.

From a regional perspective, North America and Europe have emerged as the leading markets for plant-based foods, driven by mature consumer markets, high purchasing power, and supportive regulatory frameworks. However, the Asia Pacific region is witnessing the fastest growth, fueled by rising disposable incomes, urbanization, and increasing awareness of health and sustainability issues. Major multinational brands are expanding their presence in emerging markets through collaborations with local distributors and tailored product offerings. This regional diversification is expected to further stimulate market growth and create new opportunities for industry stakeholders.

Product Type Analysis

The product type segment in the plant-based food market comprises dairy alternatives, meat substitutes, plant-based snacks, plant-based beverages, and others. Dairy alternatives, including plant-based milk, yogurt, and cheese, have experienced significant growth due to lactose intolerance concerns and the rising popularity of veganism. Almond, soy, and oat-based dairy alternatives are particularly favored fo

The global Plant-based Snacks market is estimated to be worth USD 42.2 billion in 2025 and is projected to reach a value of USD 92.9 billion by 2035, expanding at a CAGR of 8.2% over the assessment period from 2025 to 2035.

Attributes	Description
Estimated Global Plant-based Snacks Business Size (2025E)	USD 42.2 billion
Projected Global Plant-based Snacks Business Value (2035F)	USD 92.9 billion
Value-based CAGR (2025 to 2035)	8.2%

Semi-Annual Market Update

Particular	H1
Year	2024 to 2034
Value CAGR	7.7%

Particular	H2
Year	2024 to 2034
Value CAGR	8.2%

Particular	H1
Year	2025 to 2035
Value CAGR	7.9%

Particular	H2
Year	2025 to 2035
Value CAGR	8.3%

Country-wise Insights

Country	United States
Market Volume (2025)	USD 15.2 billion
CAGR (2025 to 2035)	10.5%

Country	Germany
Market Volume (2025)	USD 8.7 billion
CAGR (2025 to 2035)	9.8%

Country	United Kingdom
Market Volume (2025)	USD 7.3 billion
CAGR (2025 to 2035)	9.5%

Country	China
Market Volume (2025)	USD 6.5 billion
CAGR (2025 to 2035)	11.2%

Country	Canada
Market Volume (2025)	USD 5.1 billion
CAGR (2025 to 2035)	10.1%

The report covers China Plant Based Meat Market and is segmented by Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, and Non-dairy Spreads) and by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Channels, and Other Distribution Channels).

In 2025, the global plant-based meatballs market is projected to reach approximately USD 193.4 million, and is expected to grow to around USD 1,012.2 Million by 2035, reflecting a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period.

Metric	Value
Market Size in 2025	USD 193.4 Million
Projected Market Size in 2035	USD 1,012.2 Million
CAGR (2025 to 2035)	18.0%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	18.5%

Country	CAGR (2025 to 2035)
UK	17.6%

Region	CAGR (2025 to 2035)
EU	17.3%

Country	CAGR (2025 to 2035)
Japan	18.0%

Country	CAGR (2025 to 2035)
South Korea	18.2%

Segmentation Outlook

Source Type	Market Share (2025)
Plant-Based Beef	58.4%

Form Type	Market Share (2025)
Pea-Based Protein	41.6%

Competitive Outlook

Company/Organization Name	Estimated Market Share (%)
Beyond Meat, Inc.	18-22%
Impossible Foods Inc.	14-18%
Nestlé S.A. (Garden Gourmet / Sweet Earth)	12-16%
Kellogg Company (MorningStar Farms)	10-14%
IKEA Food Services AB	8-12%
Others	26-32%

The Canada Plant-Based Food and Beverages Market is Segmented by Type (Plant-Based Dairy, Meat Substitutes, Plant-Based Nutrition/Snack Bars, and More), by Ingredient Source (Soy, Almond, Pea, Oat, and More), by Form (Refrigerated/Chilled, Frozen, and Shelf-stable/Ambient), and by Distribution Channel (On-Trade and Off-Trade). The Market Forecasts are Provided in Terms of Value (USD).