Press release
Global Plant-based Meat Market to Reach USD 16.45 Billion by 2030, Growing at a CAGR of 15.17%
The global plant-based meat market is experiencing unprecedented growth, driven by increasing consumer health consciousness, environmental sustainability concerns, and significant advancements in food technology. Valued at approximately USD 6.12 billion in 2023, the market is projected to reach USD 16.45 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 15.17%.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/52808/
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Health Consciousness: Consumers are increasingly prioritizing health and wellness, seeking alternatives to traditional meat products due to concerns over cholesterol, saturated fats, and other health risks associated with animal-derived proteins. The rise in lifestyle diseases and the growing trend of flexitarian and vegetarian diets further fuel this demand, encouraging individuals to opt for plant-based meat substitutes as healthier alternatives.
Environmental Sustainability: Heightened awareness of environmental issues, such as climate change, deforestation, and water scarcity, is driving the adoption of plant-based meats. Consumers are becoming more conscious of the environmental impact of animal agriculture, including greenhouse gas emissions and land use. Plant-based meat manufacturers offer a more sustainable solution, requiring fewer natural resources and emitting fewer greenhouse gases compared to conventional meat production.
Innovation and Product Development: Ongoing advancements in food technology and innovation are driving the growth of the plant-based meat market. Companies are investing in research and development to enhance the taste, texture, and nutritional profile of plant-based meat alternatives, mimicking the sensory experience of conventional meat products. Improved product offerings, including burgers, sausages, and nuggets, cater to evolving consumer preferences for convenient and versatile plant-based options.
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/52808/
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
United States: Plant-Based Meat Growth
In the U.S., the plant-based meat market is projected to grow at a CAGR of 18.1% from 2025 to 2030. The market was valued at USD 3.21 billion in 2024, with plant-based pork expected to grow at a CAGR of 18.9% during the same period. The increasing demand for plant-based meat is attributed to growing health consciousness among consumers and the availability of plant-based meat products in supermarkets, grocery stores, and online platforms.
Europe: Plant-Based Meat Opportunities
Europe is anticipated to register the fastest CAGR in the plant-based meat market over the forecast period. European consumers are becoming more conscious of the links between red and processed meats and various health conditions, including cardiovascular diseases and cancer. As a result, there is a growing demand for plant-based meat alternatives that offer lower levels of saturated fats and cholesterol, aligning with a broader trend towards healthier eating habits.
Asia-Pacific: Plant-Based Meat Trends
In the Asia-Pacific region, countries like Vietnam, Thailand, Japan, South Korea, and Singapore are witnessing a surge in plant-based meat consumption. This trend is driven by increasing health awareness, environmental concerns, and the adoption of Western dietary habits. The market is expected to grow significantly, with plant-based meat products becoming more accessible in supermarkets and restaurants across these countries.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
The plant-based meat industry is experiencing significant consolidation through mergers and acquisitions. In March 2022, Finland-based Valio Ltd acquired Gold&Green Foods, aiming to expand its portfolio by incorporating Gold&Green Foods' expertise in providing plant-based meat alternatives.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐:https://www.maximizemarketresearch.com/request-sample/52808/
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
United States: In October 2022, Beyond Meat, Inc. introduced Beyond Steak, responding to the rising demand for plant-based options among meat lovers and flexitarian consumers in the U.S.
Europe: European consumers are becoming more conscious of the links between red and processed meats and various health conditions, including cardiovascular diseases and cancer. As a result, there is a growing demand for plant-based meat alternatives that offer lower levels of saturated fats and cholesterol, aligning with a broader trend towards healthier eating habits.
Asia-Pacific: In October 2024, Fenn Foods, a major Australian supplier of plant-based products to Woolworths and Coles, collapsed and went into liquidation. This development highlights the challenges faced by plant-based meat companies in the region.
๐ ๐จ๐ซ ๐๐๐๐ฉ๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐๐ซ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-plant-based-meat-market/52808/
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The plant-based meat market is poised for substantial growth, driven by health and environmental factors, technological advancements, and strategic industry consolidations. As consumer preferences continue to evolve, the market is expected to expand across various regions, offering diverse opportunities for innovation and investment.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ก๐จ๐ญ๐ญ๐๐ฌ๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ญ๐ก๐๐ญ ๐๐ซ๐ ๐ฆ๐๐ค๐ข๐ง๐ ๐ฐ๐๐ฏ๐๐ฌ:
Global Terahertz Scanner Market https://www.maximizemarketresearch.com/market-report/global-terahertz-scanner-market/72679/
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Global Soundbars Market https://www.maximizemarketresearch.com/market-report/global-soundbars-market/88480/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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