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Plant-Based Food Global Market 2025: Exploring Market Size, Key Players, Growth Drivers, and Industry Trends
Plant-Based Food Market Size
What Is The Projected Market Size Of The Plant-Based Food Market And Its Growth Rate?
• The plant-based food market rose from $56.99 billion in 2024 to an expected $64.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.3%.
• This market's acceleration relates to health consciousness, environmental concerns, animal welfare considerations, product innovations, and mainstream retail availability.
• Rapid growth expected in the coming years projects the market to reach $109.86 billion in 2029, with a 14.2% CAGR.
• The market will play an even more significant role in health and wellness, climate change awareness, the growth of vegan and flexitarian populations, investments and expansion by food companies, and government initiatives and regulations.
What Is Driving The Growth In The Plant-Based Food Market?
The growing preference for plant-based food products is a significant driver of this market. These foods, made from 100% plant ingredients, offer health benefits, ethical advantages, and environmental considerations. Thus, companies and organizations alike see their value. For instance, in April 2023, The Good Food Institute Inc, a UK-based organization, reported that the total sales value of the plant-based category in Europe for meat alternatives reached €2.0 billion in 2022, showing a 3% growth from the previous year. Consequently, this growing preference for plant-based foods is expected to continue propelling market expansion.
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Who Are the Key Players Driving Plant-Based Food Market Growth?
• Nestlé S.A.
• Archer-Daniels-Midland Company
• Danone SA
• Kellogg Company
• Gold and Green Foods
• Hain Celestial Group Inc.
• Oatly Group AB
• Turtle Island Foods
• Amy's Kitchen Inc.
• Beyond Meat Inc.
• Happy Little Vegan
• Morning Star Farms
• Impossible Foods
• Quorn Foods
• Alpro
• Daiya Food, Inc.
• The Vegetarian Butcher
• Atlantic Natural Foods LLC
• Fry Group
• Gardein
• Soylent
• Tofutti Brands, Inc.
• So Delicious Dairy Free
• Cauldron Foods
• Mosaic Foods Inc.
• Sunfed Meats
• VBites
• Garden Protein International Inc.
• Herbivore
• Kite Hill Foods
• Laird Superfood
• Like Meat Without Meat
• MOS Burger
• Vitalite
• Yfuel
What Are The Key Trends In The Plant-Based Food Market?
• Introduction of plant-based eggs and dairy alternatives
• Focus on nutrient-dense plant-based snacks
• Expansion in retail and e-commerce markets
• Globalization of plant-based cuisine
• Sustainable packaging solutions
What Are The Segments Of The Global Plant-Based Food Market?
• By Type: Diary Alternatives, Meat Alternatives, Egg Substitutes And Condiments, Other Types
• By Source: Soy, Almond, Wheat, Pea, Rice, Other Sources
• By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Stores, Other Distribution Channels
Which Region Leads The Plant-Based Food Market?
North America previously held the largest region in the plant-based food market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the global plant-based food market during the forecast period, which covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Plant-Based Food Global Market Report?
- Market Size Analysis: Analyze the Plant-Based Food Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Plant-Based Food Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Plant-Based Food Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Plant-Based Food Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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