The global plant-based food market is expected to reach 77.8 billion U.S. dollars in 2025. Further growth is expected. The forecast projects that by 2030 the market will have more than doubled. For 2022, the model expects a market worth 44.2 billion U.S. dollars.
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Modern consumers are taking a preference for plant-based products since they believe these food alternatives offer better health benefits alongside eco-friendliness and moral responsibility. From 2025 to 2035 the Plant-Based Food Market will grow from USD 14,225.3 million to USD 44,181.9 million while demonstrating an annual compound growth rate (CAGR) of 12%.
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% |
Segmentation Outlook - Plant-Based Food Market
Product Type | Market Share (2025) |
---|---|
Meat Substitute | 47.8% |
Source Type | Market Share (2025) |
---|---|
Pea | 35.6% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Beyond Meat, Inc. | 20-24% |
Impossible Foods Inc. | 15-19% |
Danone S.A. | 12-16% |
The Hain Celestial Group, Inc. | 8-12% |
Nestlé S.A. | 5-9% |
Other Companies (combined) | 30-40% |
The market value for plant protein is forecast to be 17.4 billion U.S. dollars in 2027. Compared to the 12.2 billion the market was estimated to be worth in 2022. This would constitute an increase of over seven billion U.S. dollars.
Plant Protein
Examples of plant-based products that are particularly protein-rich are nuts, soya, tofu, tempeh, seitan, peas, beans, and chickpeas. From 2013 to 2018, there was an increase in the production of plant protein products in Europe and Russia of approximately 500,000 thousand metric tons.
Reasons for choosing plant-based products Plant-based products are becoming increasingly popular for a variety of reasons. According to a survey in India, more than half of the respondents stated that they choose plant-based food products over animal-based products because they follow a vegetarian or vegan diet. In contrast, only roughly two percent of respondents in Japan stated the same. Japanese are mainly concerned with health reasons. Among people who prefer plant-based protein over animal protein in the United States, approximately half of the survey respondents stated that they do so because of the taste.
This statistic shows the value of the plant-based water market worldwide from 2016 to 2024. In 2016, the global plant-based water market was valued at approximately 2.5 billion U.S. dollars, and was forecast to reach a value of 10.05 billion U.S. dollars by 2024.
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Plant Based Food Market size was valued at USD 9.1 Billion in 2022 and is projected to reach USD 20.8 Billion by 2030, growing at a CAGR of 10.7% from 2023 to 2030.
Rising Health Consciousness and Dietary Shifts: A major driver is the increasing consumer awareness of the health benefits associated with plant-based diets. These benefits include reduced risk of chronic diseases (like heart disease, type 2 diabetes, and certain cancers), lower cholesterol, and better weight management. There's a growing number of "flexitarians" who are consciously reducing their meat and dairy consumption, alongside the increasing vegan and vegetarian populations. Concerns about lactose intolerance and other food-related allergies also fuel the demand for dairy alternatives.
Growing Environmental and Sustainability Concerns: The environmental impact of traditional animal agriculture is a significant concern for many consumers and governments. Livestock farming contributes substantially to greenhouse gas emissions, deforestation, water pollution, and land degradation. Consumers are increasingly opting for plant-based foods as a way to reduce their carbon footprint and support more sustainable food systems.
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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% |
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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% |
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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.
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The Global Indoor Plants Market Size Was Worth USD 19.43 Billion in 2023 and Is Expected To Reach USD 29.89 Billion by 2032, CAGR of 4.90%.
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The global plant based food and beverage market value reached approximately USD 23.96 Billion in 2024. The market is further projected to grow at a CAGR of 9.40% between 2025 and 2034, reaching a value of USD 58.84 Billion by 2034.
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The demand for global Plant-Based Fish Feed market is expected to be valued at USD 7.20 Billion in 2025, forecasted at a CAGR of 6.5% to have an estimated value of USD 13.55 Billion from 2025 to 2035. From 2020 to 2025 a CAGR of 5.6% was registered for the market.
Attributes | Description |
---|---|
Estimated Global Industry Size (2025E) | USD 7.20 Billion |
Projected Global Industry Value (2035F) | USD 13.55 Billion |
Value-based CAGR (2025 to 2035) | 6.5% |
Country wise Insights
Country | CAGR, 2025 to 2035 |
---|---|
United States | 5.8% |
UK | 4.9% |
South Korea | 5.1% |
Category-wise Insights
Segment | Pellets (Form) |
---|---|
Value Share (2025) | 31% |
Segment | Aquaculture (Application) |
---|---|
Value Share (2025) | 42% |
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The global plant-based meat market was valued at USD 9.57 billion in 2024 and is projected to reach USD 21.81 billion by 2030, growing at a CAGR of 14.72%.
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[273 Pages Report] The global Plant Derived Proteins Market is estimated to reach US$ 105 Mn by the end of 2022. Growing research and development activities for development of more effective drugs and biologic, especially across countries such as India, China, the U.S., and the U.K. is expected to bolster the growth in the market.
Attribute | Details |
---|---|
Plant Derived Proteins Market Estimated Size in 2022 | US$ 105 Million |
Plant Derived Proteins Market Projected Size in 2029 | US$ 184.3 Million |
Plant Derived Proteins Market Historical CAGR (2014-2021) | 7.6% |
Plant Derived Proteins Market Value-based CAGR (2022-2029) | 8.4% |
How The Market Progressed Till June 2022?
Particulars | Details |
---|---|
H1, 2021 | 8.89% |
H1, 2022 Projected | 8.36% |
H1, 2022 Outlook | 7.86% |
BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 50 ↓ |
BPS Change - H1, 2022 (O) - H1, 2021 | (-) 102 ↓ |
Scope Of The Report
Attribute | Details |
---|---|
Forecast Period | 2022 to 2029 |
Historical Data Available for | 2014 to 2021 |
Market Analysis | US$ Million for Value |
Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa |
Key Countries Covered | USA, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
Key Segments Covered | Plant, Protein, Platform, Application, End User, and Region |
Key Companies Profiled |
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Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
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Global Plant Based Excipients Market was valued at USD 2.14 billion in 2024 and is expected to reach USD 2.74 billion by 2030 with a CAGR of 4.21%.
Pages | 185 |
Market Size | 2024: USD 2.14 Billion |
Forecast Market Size | 2030: USD 2.74 Billion |
CAGR | 2025-2030: 4.21% |
Fastest Growing Segment | Film Forming & Coating Agents |
Largest Market | North America |
Key Players | 1. Roquette Frères 2. Evonik Industries AG 3. DFE Pharma GmbH & Co KG 4. Lonza Group 5. BASF SE 6. Novartis AG 7. FMC Corporation 8. JRS Pharma 9. ADC 10. Micro Powders, Inc. |
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The global plant-based snacks market size was valued at approximately USD 25 billion in 2023, and it is projected to grow significantly, reaching around USD 50 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 8.7%. This impressive growth is primarily driven by increasing consumer awareness regarding health and wellness, coupled with a rising trend towards veganism and sustainable eating habits. The growing popularity of plant-based diets, influenced by concerns over animal welfare and environmental sustainability, has significantly contributed to the market's expansion. The market's upward trajectory is also bolstered by innovations in food technology, which have made plant-based snacks more appealing to a broader consumer base.
One of the primary growth factors for the plant-based snacks market is the surging consumer demand for healthier snack options. As lifestyle diseases such as obesity, diabetes, and heart conditions become more prevalent, there is a marked shift towards more nutritious eating habits. Consumers are increasingly opting for snacks that are not only delicious but also beneficial to their health. Plant-based snacks, rich in fiber, vitamins, and antioxidants, are perceived as a healthier alternative to conventional snacks, which are often laden with artificial additives and unhealthy fats. This change in consumer preferences is further amplified by the proliferation of information available on the health impacts of food choices, driving more individuals to explore plant-based options.
Another significant growth driver is the technological advancement in food processing and product development. Innovative technologies have enabled manufacturers to enhance the taste, texture, and nutritional profile of plant-based snacks, making them more comparable to their traditional counterparts. For instance, advances in flavor engineering have allowed companies to mimic the taste and mouthfeel of popular non-plant-based snacks, thus attracting a broader demographic, including those who may not necessarily follow a plant-based diet. Additionally, improved packaging and preservation technologies have increased the shelf-life and convenience of these products, further boosting their popularity in the global market.
The increasing awareness and activism surrounding environmental sustainability have also played a pivotal role in the market's growth. With climate change and environmental degradation becoming pressing global issues, consumers are more conscious of the ecological impact of their dietary choices. Plant-based snacks, which typically require fewer natural resources and emit fewer greenhouse gases during production than their animal-based counterparts, align well with the eco-conscious values of today's consumers. This shift towards sustainable consumption is not only shaping individual choices but is also influencing corporate strategies, with companies increasingly prioritizing sustainability in their product offerings.
Regionally, North America currently holds the largest market share in the plant-based snacks sector, followed closely by Europe. The strong presence of key industry players, along with a well-established distribution network, has facilitated the market's growth in these regions. Moreover, the high level of health consciousness and disposable income in countries such as the United States and Canada have contributed significantly to the market expansion. The Asia Pacific region is expected to exhibit the highest growth during the forecast period, driven by rising disposable incomes, rapid urbanization, and increasing health awareness among consumers. Additionally, the region's rich agricultural resources provide a vast array of raw materials for plant-based snack production, further supporting market growth.
In the plant-based snacks market, the product type segment is diverse, encompassing a range of snack categories like chips, bars, popcorn, pretzels, and others. Each of these categories offers unique attributes that cater to different consumer preferences. Chips, for instance, have been a staple in the snacking world; however, the plant-based chip variants are garnering attention for their health benefits and innovative flavors. These chips are often made from ingredients such as kale, sweet potatoes, or lentils, providing a healthier alternative to traditional potato chips. The market for plant-based chips is expected to continue growing as consumers look for snacks that not only satisfy their cravings but also contribute positively to their health.
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According to Cognitive Market Research, the global Indoor Plants market size is USD 16514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 6605.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2%from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4954.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3798.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 825.71million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4%from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 330.28million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7%from 2024 to 2031.
The household use held the highest Indoor Plants market revenue share in 2024.
Market Dynamics of Indoor Plant Market
Key Drivers for Indoor Plant Market
Urbanization and Compact Living Spaces Boosting Plant Adoption: The transition towards apartment-style living and smaller residences in urban settings has increased the demand for compact and low-maintenance plants. Indoor greenery provides a practical solution for individuals lacking outdoor garden space, enriching home environments with natural elements.
Health and Wellness Awareness Promoting Indoor Greenery: Indoor plants are recognized for their air-purifying abilities, stress-relieving effects, and mood-enhancing properties. As wellness trends gain traction, consumers are integrating plants into their living and working environments to enhance mental well-being and improve indoor air quality.
Surge in Social Media Influence and Home Décor Trends: The rising impact of Instagram, Pinterest, and YouTube in determining home décor preferences has transformed houseplants into a lifestyle symbol. Content from plant enthusiasts and interior designers has popularized trends such as plant walls, rare plant collecting, and minimalistic décor featuring greenery.
Key Restraints for Indoor Plant Market
The High Maintenance and Short Life Span of Certain Plant Varieties: Despite the increasing interest in plants, some consumers find themselves deterred by the intricacies of plant care, which encompass watering needs, lighting conditions, and vulnerability to pests or decay. This results in dissatisfaction with products and the potential for market turnover.
Logistical Challenges in Online Plant Retailing: While e-commerce channels are on the rise, the shipping of live plants presents challenges such as the risk of damage, sensitivity to temperature, and limitations on shelf life. To ensure healthy delivery, specialized packaging and expedited logistics are often necessary, which adds to the cost burdens faced by retailers.
Limited Awareness in Emerging Economies: In developing areas, the indoor plant market is still in its early stages, with a lack of awareness regarding their advantages and lower disposable incomes impacting demand. Consequently, the market is frequently restricted to urban elites or consumers seeking premium lifestyle products.
Key Trends for Indoor Plant Market
Expansion of E-Commerce and Subscription-Based Plant Delivery Services: Digital platforms are revolutionizing the sale of plants through monthly subscription services, tailored plant kits, and AI-driven plant care applications. Startups and retailers are concentrating on providing convenience and personalization via online channels.
Rising Demand for Low-Maintenance and Air-Purifying Plant Varieties: Consumers are increasingly opting for low-maintenance species such as snake plants, pothos, peace lilies, and succulents, which provide both resilience and air-purifying advantages. These choices resonate with busy urban dwellers who desire aesthetic appeal without the associated effort.
Corporate and Institutional Embrace of Green Work Environments: Companies are allocating resources towards enhancing green office environments, utilizing plants in co-working spaces, hospitals, and educational institutions to improve ambiance and pro...
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Global Plant Factory Market has valued at USD 124.20 Million in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.04% through 2028.
Pages | 185 |
Market Size | |
Forecast Market Size | |
CAGR | |
Fastest Growing Segment | |
Largest Market | |
Key Players |
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The global plant based protein market size reached USD 16.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.55% during 2025-2033. The rising popularity of sustainable food sources, along with the growing number of hotels, restaurants, cafes, etc., which are incorporating plant-based protein to curate various food items in their menus, is primarily driving the global market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 16.9 Billion |
Market Forecast in 2033 | USD 29.9 Billion |
Market Growth Rate (2025-2033) | 6.55% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on source, type, nature, and application.
The global plant-based packaging market was valued at almost 136.98 billion U.S. dollars in 2024. It is forecast to grow to a market size of over 410 billion U.S. dollars by 2034, with an increase of 11.6 percent CAGR through the forecast period.
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The global plant tissue culture market was valued at USD 390.0 million in 2021 and is expected to grow at a CAGR of 8.6% during the forecast period.
The global plant-based food market is expected to reach 77.8 billion U.S. dollars in 2025. Further growth is expected. The forecast projects that by 2030 the market will have more than doubled. For 2022, the model expects a market worth 44.2 billion U.S. dollars.