PUBLISHER: Grand View Research | PRODUCT CODE: 1633814
PUBLISHER: Grand View Research | PRODUCT CODE: 1633814
The U.S. plant-based meat market size is expected to reach USD 8.70 billion by 2030 and is projected to grow at a CAGR of 18.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth and is primarily driven by several factors. Firstly, there is a growing consumer demand for plant-based alternatives to traditional meat products. Concerns over health, sustainability, and animal welfare have prompted many individuals to explore plant-based diets and seek out meat substitutes that mimic the taste and texture of meat.
The increased awareness of the environmental impact of animal agriculture has contributed to the rise of plant-based meat. Livestock production is associated with greenhouse gas emissions, deforestation, and water pollution, among other environmental issues. As a result, consumers are turning to plant-based options as a more sustainable choice.
Another driving force behind the plant-based meat market is the advancements in food technology. Companies have made significant strides in developing plant-based products that closely resemble meat in terms of taste, texture, and even appearance. These innovations have helped overcome the perception that plant-based alternatives are bland or inferior to traditional meat.
Furthermore, the availability and accessibility of plant-based meat products have increased significantly in recent years. Major food companies and restaurants have started incorporating plant-based options into their menus, making it easier for consumers to try these alternatives. Additionally, the growth of e-commerce and online grocery platforms have made plant-based products more accessible to a wider audience.