According to Arizton’s latest research report, the plant-based meat market is growing at a CAGR of 14.72% during 2024-2030.
To Know More, Click: https://www.arizton.com/market-reports/plant-based-meat-market-size-analysis
Report Summary
Market Size (2030): $21.81 Billion
Market Size (2024): $9.57 Billion
CAGR (2024-2030): 14.72%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Product Type, Meat Type, Source, Storage, Distribution Channel, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The global plant-based meat market is witnessing remarkable growth, fueled by a surge in consumer interest in sustainable and ethical food alternatives. As the sector evolves rapidly, technological innovations are transforming the production of plant-based products, enhancing their taste, texture, and overall appeal to closely mirror traditional meat. Breakthroughs in extrusion processing, high moisture texturization, and fermentation technology are at the forefront of this transformation. The rise of flexitarianism, combined with increased health and environmental consciousness, is expanding the market beyond traditional vegan and vegetarian consumers. A growing preference for simple, transparent ingredients and premium, high-quality products highlights a shift towards more discerning food choices. With plant-based options now reaching mainstream audiences through major retailers and fast-food partnerships, the market is set to continue its upward trajectory, offering fresh opportunities for innovation and culinary exploration in the years to come.
Surge in Global Investment Fuels Growth of Plant-Based Meat Market
The growing global investment in the plant-based meat sector reflects a powerful shift toward sustainable, ethical, and health-conscious food choices. This surge in funding is driven by advances in technology, changing consumer preferences, and the growing emphasis on sustainable food systems. As governments and organizations increase their financial commitment to alternative proteins, companies can expand their offerings and meet the rising demand for diverse, flavorful meat alternatives. Notably, in 2023, Nestlé broadened its plant-based product range, introducing its first-ever shelf-stable plant-based minced meat, further demonstrating the industry's potential to transform the global food landscape. With more investments in research, development, and commercialization, the plant-based meat market is poised to continue growing, reshaping the food industry to align with the values of environmentally and socially conscious consumers.
Supermarkets & Hypermarkets Market Distribution Channel to Capture the Major Share
Supermarkets and hypermarkets are playing a pivotal role in the global growth of the plant-based meat market by providing a wide-reaching and efficient distribution network. Retail giants like Kroger, Walmart, Tesco, and Carrefour make plant-based meat products easily accessible to diverse consumers across urban, suburban, and rural areas. In addition, stores in regions such as Asia and Australia are increasingly offering plant-based options, helping expand their availability. By dedicating sections to plant-based foods or positioning them alongside traditional meats, retailers improve visibility and attract a broader audience. Their strong supply chain infrastructure, advanced logistics, and established relationships with suppliers ensure a consistent and reliable product flow, which is key to building consumer trust and driving repeat purchases. This accessibility and reliability contribute significantly to the growing adoption of plant-based meat alternatives worldwide.
Plant-based Burger Patties Demand to Boom
The plant-based burger patty market is rapidly expanding as consumers increasingly embrace healthier and more sustainable food options. The universal appeal and convenience of burgers have made them an ideal vehicle for introducing plant-based options, allowing consumers to make the switch without sacrificing flavor or satisfaction. Major brands, including fast-food giants like Burger King and McDonald’s, have incorporated plant-based patties into their menus, meeting the rising demand for sustainable choices. In Europe, collaborations like The Vegetarian Butcher’s Rebel Whopper further reflect this trend. At the heart of this movement is the rise of flexitarianism—consumers looking to reduce their meat intake without fully giving it up. These plant-based burgers, marketed as healthier alternatives, align with the values of those seeking better choices for both their health and the planet.
Recent Vendor Activities
- In 2024, Beyond Meat, a leading plant-based meat company announced the launch of its new product line with the introduction of Beyond Sun Sausage.
- In 2024, The Kraft Heinz NotCo., a joint venture between The Kraft Heinz and TheNotCo., announced the launch of its first plant-based meat innovations: NotHotDogs and NotSausages.
- In 2023, Novozymes, a global solutions provider, launched Vertera ProBite, an innovative solution for the plant-based meat industry. It replaces synthetic texturizers with a natural alternative, addressing consumer concerns about texture and long ingredient lists, and encouraging greater adoption of plant-based meats.
Buy this Research @ https://www.arizton.com/market-reports/plant-based-meat-market-size-analysis
Key Vendors
- Beyond Meat
- Conagra
- Hungry Planet
- Impossible Foods
- Kellanova
- Maple Leaf Foods
- Next Level
- Quorn Foods
- Tofurky
- Tyson Foods
- Abbot’s
- Cargill
- Daring
- Hilary’s
- LIVEKINDLY Collective
- Nestlé
- No Evil Foods
- Rebellyous
- SIMULATE
- The Kraft-Heinz Company
- Before the Butcher
- Biolab
- Gold & Green
- Good Catch
- GoodDot
- Imagine Foods
- Lypid
- MyForest Foods
- Ocean Hugger Foods
- Plantcraft
- Roquette Frères
- SunFed
- The Vegetarian Butcher
- Trader Joe's
- VBites
- Yves Veggie Cuisine
Segmentation & Forecast
Product Type
- Burger Patties
- Sausages
- Strips & Nuggets
- Meatballs
- Others
Meat Type
- Beef
- Chicken
- Pork
- Fish
- Others
Source Market
- Soy
- Pea
- Wheat
- Others
Storage
- Frozen
- Refrigerated
- Shelf Stable
Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Channel
- Others
Geography
Europe
- Germany
- The UK
- France
- Italy
- Netherlands
- Spain
North America
- The US
- Canada
APAC
- China
- India
- Japan
- Australia
Latin America
- Brazil
- Mexico
Middle East & Africa
- Turkey
- Saudi Arabia
- South Africa
- The UAE
Key Questions Answered in the Report:
How big is the global plant-based meat market?
What is the growth rate of the global plant-based meat market?
What are the factors driving the global plant-based meat market growth?
Who are the major players in the global plant-based meat market?
Which region dominates the global plant-based meat market?
Check Out Some of the Top Selling Reports of Your Interest:
Plant-Based And Alternative Protein Market - Global Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/alternative-protein-market
U.S. Plant-Based Meat Market - Focused Insights 2024-2029
https://www.arizton.com/market-reports/united-states-plant-based-meat-market
Why Arizton?
100% Customer Satisfaction
24x7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
Post-Purchase Benefit
- 1hr of free analyst discussion
- 10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/plant-based-meat-market-size-analysis
