PUBLISHER: IMARC | PRODUCT CODE: 1642523
PUBLISHER: IMARC | PRODUCT CODE: 1642523
Plant-Based Meat Market Report by Product Type, Source, Meat Type, Distribution Channel, and Region 2025-2033
The global plant-based meat market size reached USD 16.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 100.3 Billion by 2033, exhibiting a growth rate (CAGR) of 21.92% during 2025-2033. The rising popularity of sustainable food options, owing to the increasing consumer ethical and animal welfare considerations, the wide availability of plant-based meat via online platforms, the growing culinary diversity, etc., are some of the primary factors driving the market growth across the country.
Plant-based meat, also known as vegan or vegetarian meat, is a type of food product designed to replicate the taste, texture, and appearance of traditional animal-derived meats, such as beef, chicken, and pork, using plant-based ingredients. These products are crafted by combining various plant sources, such as soy, peas, mushrooms, and grains, to create a product that mimics the sensory experience of consuming animal meat. In recent years, plant-based meats have gained significant popularity due to their potential health and environmental benefits. These products often boast lower saturated fat content and reduced cholesterol levels compared to their animal-based counterparts. Additionally, they contribute to a decreased environmental footprint by requiring less water, land, and emitting fewer greenhouse gases during production.
A growing awareness of the potential health benefits associated with plant-based diets has led to a surge in demand for plant-based meat. Consumers are seeking alternatives that offer lower saturated fat, reduced cholesterol, and improved nutritional profiles compared to traditional animal meats. Additionally, increasing concerns about environmental degradation and climate change have prompted consumers to explore more sustainable food options. Plant-based meats require fewer natural resources, such as water and land, and emit fewer greenhouse gases during production, aligning with the sustainability goals of environmentally conscious individuals. Other than this, the ethical treatment of animals has driven a shift towards plant-based diets. Individuals concerned about animal welfare are opting for plant-based meats to avoid contributing to the livestock industry's practices that raise ethical concerns. Besides this, the development of diverse plant-based meat products, ranging from burgers and sausages to meatballs and nuggets, has expanded culinary options for consumers. This innovation has contributed to the popularity of plant-based diets by offering familiar comfort foods in a sustainable and ethical manner. In line with this, increasing availability of plant-based meat products in mainstream grocery stores, restaurants, and fast-food chains has made these alternatives more accessible to a wider audience. Partnerships between plant-based meat producers and foodservice establishments have played a pivotal role in driving market growth.
Plant-Based Meat Market Trends/Drivers:
Increasing Health-Conscious Consumer Base
With increasing access to information about the potential health benefits of plant-based diets, individuals are making informed choices to reduce their consumption of traditional animal meats. Plant-based meat products are inherently lower in saturated fat and cholesterol compared to their animal-based counterparts. This characteristic aligns with the preferences of health-conscious consumers who aim to lower their risk of chronic diseases, including cardiovascular issues. Furthermore, the rich presence of fiber, vitamins, and minerals in plant-based meats adds to their appeal, offering a nutritious protein source while minimizing health concerns associated with excessive meat consumption. The emphasis on wellness has driven plant-based meat beyond niche markets, making it an attractive option for individuals actively seeking to adopt healthier dietary patterns.
Growing Awareness About Environmental Sustainability
A growing global awareness of environmental issues and the role of food production in contributing to climate change has fueled the adoption of plant-based diets and, consequently, the demand for plant-based meat. The livestock industry is a notable contributor to greenhouse gas emissions, deforestation, and water consumption. In contrast, plant-based meat production requires fewer resources, including water and land, and generates fewer carbon emissions. Environmentally conscious consumers are drawn to plant-based meat as a sustainable solution to mitigate their ecological footprint. The alignment of personal dietary choices with broader environmental goals resonates with those seeking ways to make environmentally friendly lifestyle changes. As consumers become more informed about the environmental impact of their food choices, the popularity of plant-based meat products continues to rise as a tangible way to contribute to a more sustainable future.
Ethical and Animal Welfare Considerations
Consumers are increasingly concerned about the living conditions and treatment of animals in industrial farming systems. The inherent cruelty and ethical concerns associated with traditional animal farming have prompted individuals to seek alternatives that do not contribute to such practices. Plant-based meat serves as an ethical choice, allowing consumers to enjoy meat-like products without participating in the consumption of animal-derived meats. This aligns with the values of those who prioritize animal welfare and advocate for more humane practices in food production. The growing discourse on animal rights and the moral implications of food consumption has fueled the growth of the plant-based meat market, offering consumers a way to satisfy their culinary preferences while respecting their ethical convictions.
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Plant-Based Meat Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Burger Patties
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Sausages
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Nuggets and Strips
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Ground Meat
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Meatballs
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Source
- 7.1 Soy
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Wheat
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Peas
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Meat Type
- 8.1 Chicken
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Beef
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pork
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Restaurant and Catering Industry
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Supermarkets and Hypermarkets
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Convenience and Specialty Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Online Retail
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Europe
- 10.2.1 United Kingdom
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Germany
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 Italy
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 France
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Netherlands
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Sweden
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 United Kingdom
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 Australia
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 South Korea
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Others
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.1 China
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Turkey
- 10.5.1.1 Market Trends
- 10.5.1.2 Market Forecast
- 10.5.2 Saudi Arabia
- 10.5.2.1 Market Trends
- 10.5.2.2 Market Forecast
- 10.5.3 UAE
- 10.5.3.1 Market Trends
- 10.5.3.2 Market Forecast
- 10.5.4 Others
- 10.5.4.1 Market Trends
- 10.5.4.2 Market Forecast
- 10.5.1 Turkey
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Amy's Kitchen, Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Business Portfolio
- 14.3.1.3 SWOT Analysis
- 14.3.2 Beyond Meat
- 14.3.2.1 Company Overview
- 14.3.2.2 Business Portfolio
- 14.3.2.3 Financial Portfolio
- 14.3.2.4 SWOT Analysis
- 14.3.3 Boca Foods Company (Kraft Foods, Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Business Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Garden Protein International (Conagra Brands, Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Business Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Impossible Foods, Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Business Portfolio
- 14.3.5.3 SWOT Analysis
- 14.3.6 Maple Leaf Foods
- 14.3.6.1 Company Overview
- 14.3.6.2 Business Portfolio
- 14.3.6.3 Financial Portfolio
- 14.3.6.4 SWOT Analysis
- 14.3.7 MorningStar Farms (Kellogg Na Co.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Business Portfolio
- 14.3.7.3 SWOT Analysis
- 14.3.8 Quorn Foods
- 14.3.8.1 Company Overview
- 14.3.8.2 Business Portfolio
- 14.3.8.3 SWOT Analysis
- 14.3.9 The Vegetarian Butcher
- 14.3.9.1 Company Overview
- 14.3.9.2 Business Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Vbites Food Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Business Portfolio
- 14.3.10.3 SWOT Analysis
- 14.3.1 Amy's Kitchen, Inc.
List of Figures
- Figure 1: Global: Plant-Based Meat Market: Major Drivers and Challenges
- Figure 2: Global: Plant-Based Meat Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Plant-Based Meat Market: Breakup by Product Type (in %), 2024
- Figure 4: Global: Plant-Based Meat Market: Breakup by Source (in %), 2024
- Figure 5: Global: Plant-Based Meat Market: Breakup by Meat Type (in %), 2024
- Figure 6: Global: Plant-Based Meat Market: Breakup by Distribution Channel (in %), 2024
- Figure 7: Global: Plant-Based Meat Market: Breakup by Region (in %), 2024
- Figure 8: Global: Plant-Based Meat Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 9: Global: Plant-Based Meat (Burger Patties) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Plant-Based Meat (Burger Patties) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Plant-Based Meat (Sausages) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Plant-Based Meat (Sausages) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Plant-Based Meat (Nuggets and Strips) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Plant-Based Meat (Nuggets and Strips) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Plant-Based Meat (Ground Meat) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Plant-Based Meat (Ground Meat) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Plant-Based Meat (Meatballs) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Plant-Based Meat (Meatballs) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Plant-Based Meat (Other Product Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Plant-Based Meat (Other Product Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Plant-Based Meat (Soy) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Plant-Based Meat (Soy) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Plant-Based Meat (Wheat) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Plant-Based Meat (Wheat) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Plant-Based Meat (Peas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Plant-Based Meat (Peas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Plant-Based Meat (Other Sources) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Plant-Based Meat (Other Sources) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Plant-Based Meat (Chicken) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Plant-Based Meat (Chicken) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Plant-Based Meat (Beef) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Plant-Based Meat (Beef) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Plant-Based Meat (Pork) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Plant-Based Meat (Pork) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Global: Plant-Based Meat (Other Meat Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Global: Plant-Based Meat (Other Meat Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Global: Plant-Based Meat (Restaurants and Catering Industry) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Global: Plant-Based Meat (Restaurants and Catering Industry) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Global: Plant-Based Meat (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Global: Plant-Based Meat (Convenience and Specialty Stores) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Global: Plant-Based Meat (Convenience and Specialty Stores) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Global: Plant-Based Meat (Online Retail) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Global: Plant-Based Meat (Online Retail) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: North America: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: North America: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: United States: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: United States: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Canada: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Canada: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Europe: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Europe: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: United Kingdom: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: United Kingdom: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Germany: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Germany: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Italy: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Italy: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: France: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: France: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Netherlands: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Netherlands: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Sweden: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Sweden: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Others: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Others: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Asia Pacific: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Asia Pacific: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: China: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: China: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Australia: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Australia: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: South Korea: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: South Korea: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Others: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Others: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Latin America: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Latin America: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Brazil: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Brazil: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Mexico: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Mexico: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Others: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 84: Others: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 85: Middle East and Africa: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 86: Middle East and Africa: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 87: Turkey: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 88: Turkey: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 89: Saudi Arabia: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 90: Saudi Arabia: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 91: UAE: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 92: UAE: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 93: Others: Plant-Based Meat Market: Sales Value (in Million USD), 2019 & 2024
- Figure 94: Others: Plant-Based Meat Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 95: Global: Plant-Based Meat Industry: SWOT Analysis
- Figure 96: Global: Plant-Based Meat Industry: Value Chain Analysis
- Figure 97: Global: Plant-Based Meat Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Plant-Based Meat Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Plant-Based Meat Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Global: Plant-Based Meat Market Forecast: Breakup by Source (in Million USD), 2025-2033
- Table 4: Global: Plant-Based Meat Market Forecast: Breakup by Meat Type (in Million USD), 2025-2033
- Table 5: Global: Plant-Based Meat Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 6: Global: Plant-Based Meat Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Plant-Based Meat Market: Competitive Structure
- Table 8: Global: Plant-Based Meat Market: Key Players
