What are the recent trends in market size and growth for the plant-based-meat market?
The plant-based-meat market size has grown rapidly in recent years. It will grow from $9.92 billion in 2024 to $11.58 billion in 2025 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to growth plant-based ingredients, changing dietary preferences, health and environmental consciousness, retail expansion and availability, global culinary influences.
The plant-based-meat market size is expected to see rapid growth in the next few years. It will grow to $19.84 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to rising concerns about animal welfare, culinary integration in restaurants, government initiatives and regulations, climate change mitigation efforts, expansion of product portfolio. Major trends in the forecast period include technological advancements in production, technological advancements in plant-based alternatives, expansion of product offerings beyond burgers, collaborations and partnerships with foodservice chains, focus on health and nutrition.
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What key drivers have fueled the plant-based-meat market’s development over the years?
Increasing consumer awareness associated with the benefits of vegetarian diets is projected to contribute to the growth of the plant-based meat market. The vegetarian diet offers various benefits, such as low insulin levels, a decreased rate of heart disease, and improved kidney functions. For instance, in April 2023, according to The Good Food Institute Inc, a UK-based organization, In 2022, the total sales value of the plant-based category in Europe for meat alternatives reached €2.0 billion, reflecting a 3% growth from the previous year. Moreover, rising consumer awareness of animal rights through global welfare organizations such as animal aid unlimited (AAU) and people for the ethical treatment of animals (PETA) is to boost the demand for plant-based meat products, which in turn, is predicted to uptake the revenues of plant-based meat market over the forecast period.
What is the segmentation for the plant-based-meat market?
The plant-based-meat market covered in this report is segmented –
1) By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs, Other Product Types
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Distribution Channel: Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores
Subsegments:
1) By Burger Patties: Classic Burger Patties, Spicy Burger Patties, Gourmet Burger Patties, Pre-cooked Burger Patties
2) By Sausages: Breakfast Sausages, Italian Sausages, Bratwurst, Chorizo
3) By Strips: Grilled Strips, Breaded Strips, Teriyaki Strips, Spicy Strips
4) By Nuggets: Breaded Nuggets, Spicy Nuggets, BBQ Nuggets
5) By Meatballs: Classic Meatballs, Italian Meatballs, Spicy Meatballs, Swedish Meatballs
6) By Other Product Types: Plant-based Ground Meat, Deli Slices, Stir-fry Kits, Skewers And Kebab Alternatives
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Who are the most influential companies in the plant-based-meat market?
Major companies operating in the plant-based-meat market include Kraft Heinz Company Inc., Maple Leaf Foods Inc., Morningstar Farms Inc., Amy’s Kitchen Inc., Beyond Meat Inc., Impossible Foods Inc., Quorn Foods Inc., Greenleaf Foods LLC, Don Lee Farms Inc., The Vegetarian Butcher LLC., Sweet Earth Inc., LightLife Foods Inc., Atlantic Natural Foods Inc., Gardein Inc., Ojah BV, Tofurky Inc., The Very Good Food Company Inc., Next Level Burger LLC., Gold&Green Foods Ltd., Hungry Planet Inc., Monks Meats Inc., No Evil Foods Inc., Ocean Hugger Foods Inc., Sophie’s Kitchen Inc., Yves Veggie Cuisine Inc., VBites Inc., Dr. Praeger’s Inc., Good Catch Foods Inc.
What are the top industry trends projected to impact the plant-based-meat market?
The increasing launch of new brands and products, such as those that are made from plant-based meat, is a major trend in the plant-based meat market. Plant-based meat products are food items that are designed to replicate the taste, texture, and appearance of traditional animal-derived meat products but are made entirely from plant-based ingredients. For instance, in July 2022, Tata Consumer Products, an India-based fast-moving consumer goods company, launched a new brand, Tata Simply Better, which offers a range of plant-based meat products in India. The company is expanding its product line into a new category, targeting consumers who are looking to incorporate more plant-based options into their diets.
What are the major regional insights for the plant-based-meat market, and which region holds the top position?
The countries covered in the plant-based-meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Plant-Based-Meat Market Report 2025 Offer?
The plant-based-meat market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Plant-based meat is meat that is prepared from plants and is similar to conventional meat in appearance and taste. The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.
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