Plant-Based-Meat Market Size Projected To Reach $19.84 Billion By 2034 With A Cagr Of 14.4%

The Plant-Based-Meat Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Plant-Based-Meat Market Size and Projected Growth Rate?
The size of the plant-based-meat market has experienced a significant expansion in the recent past. The market size is predicted to rise from a value of $9.92 billion in 2024 to $11.58 billion in 2025 with a compound annual growth rate (CAGR) of 16.8%. The acceleration in growth during the previous period can be attributed to factors such as the surge in plant-based ingredient use, shifts in dietary preferences, heightened awareness of health and environmental issues, growth in retail availability, and global influences on food culture.

The market for plant-based meats is projected to experience a significant increase in the forTH*Coming years, expanding to a value of $19.84 billion by 2029 with a CAGR of 14.4%. The anticipated growth during this forecast period can be linked to factors such as growing awareness about animal rights, incorporation in culinary dishes in eateries, governmental initiatives and laws, exertions towards mitigating climate change, and broadening of the product range. Notable trends expected during this forecast period encompass advancements in manufacturing technology, improvements in plant-based substitutes, the introduction of products other than burgers, collaborations and partnerships with dining services, and an emphasis on health and nutrition.

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What Are the Major Segments in the Plant-Based-Meat Market?
The plant-based-meat market covered in this report is segmented -

1) By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs, Other Product Types
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Distribution Channel: Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Restaurants, Online Stores

Subsegments:
1) By Burger Patties: Classic Burger Patties, Spicy Burger Patties, Gourmet Burger Patties, Pre-cooked Burger Patties
2) By Sausages: Breakfast Sausages, Italian Sausages, Bratwurst, Chorizo
3) By Strips: Grilled Strips, Breaded Strips, Teriyaki Strips, Spicy Strips
4) By Nuggets: Breaded Nuggets, Spicy Nuggets, BBQ Nuggets
5) By Meatballs: Classic Meatballs, Italian Meatballs, Spicy Meatballs, Swedish Meatballs
6) By Other Product Types: Plant-based Ground Meat, Deli Slices, Stir-fry Kits, Skewers And Kebab Alternatives

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What Are The Driving Plant-Based-Meat Market Evolution?
The escalation in consumer knowledge regarding the advantages of a vegetarian diet is anticipated to spur the expansion of the plant-based meat market. Benefits conferred by a vegetarian diet include reduced insulin levels, a lesser rate of heart disease, and enhanced kidney functions. For example, The Good Food Institute Inc, a UK-based entity, reported in April 2023 that the overall sales for plant-based meat alternatives in Europe hit €2.0 billion in 2022, marking a 3% growth from the year before. Furthermore, the amplified consumer consciousness of animal rights driven by global welfare bodies such as Animal Aid Unlimited (AAU) and People for the Ethical Treatment of Animals (PETA) is likely to stimulate the demand for plant-based meat items. This, as a result, is expected to augment the earnings of the plant-based meat market throughout the projected period.

Which Firms Dominate The Plant-Based-Meat Market Segments?
Major companies operating in the plant-based-meat market include Kraft Heinz Company Inc., Maple Leaf Foods Inc., Morningstar Farms Inc., Amy's Kitchen Inc., Beyond Meat Inc., Impossible Foods Inc., Quorn Foods Inc., Greenleaf Foods LLC, Don Lee Farms Inc., The Vegetarian Butcher LLC., Sweet Earth Inc., LightLife Foods Inc., Atlantic Natural Foods Inc., Gardein Inc., Ojah BV, Tofurky Inc., The Very Good Food Company Inc., Next Level Burger LLC., Gold&Green Foods Ltd., Hungry Planet Inc., Monks Meats Inc., No Evil Foods Inc., Ocean Hugger Foods Inc., Sophie's Kitchen Inc., Yves Veggie Cuisine Inc., VBites Inc., Dr. Praeger's Inc., Good Catch Foods Inc.

What Trends Are Driving Growth in The Plant-Based-Meat Market?
The launch of new brands and products, especially in the area of plant-based meats, is a prevailing trend in the plant-based meat industry. These products, which are made entirely of plant-derived ingredients, perfectly mimic the taste, texture, and overall look of traditional meat products made from animals. To illustrate, a quick-moving consumer goods corporation based in India, Tata Consumer Products, rolled out a new brand labeled Tata Simply Better in July 2022. This brand provides an extensive offering of plant-based meats in India. The corporation aims to broaden its product line to a new category intending to cater to consumers interested in integrating more plant-based alternatives into their dietary preferences.

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Which Is The Largest Region In The Plant-Based-Meat Market?
Asia-Pacific was the largest region in the plant-based meat market in 2024. Western Europe was the second-largest region in the global plant-based-meat market. The regions covered in the plant-based-meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plant-Based-Meat Market?
2. What is the CAGR expected in the Plant-Based-Meat Market?
3. What Are the Key Innovations Transforming the Plant-Based-Meat Industry?
4. Which Region Is Leading the Plant-Based-Meat Market?

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