Plant-Based Meat Market to Reach USD 11.1 Billion by 2034, Driven by Rising Health and Sustainability Trends

Global Plant-Based Meat Market Size is valued at USD 6.7 Billion in 2024 and is predicted to reach USD 11.1 Billion by the year 2034 at a 5.4% CAGR during the forecast period for 2025-2034.

Global Plant-Based Meat Market 2025-2034 full Research Repot latest version is now available.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global plant-based meat market are:
• Growing Food and Beverage Sector
• Growing the Number of Vegetarians
• Technological Development

The following are the primary obstacles to plant-based meat market's expansion:
• Costly in comparison
• Difficulties with the distribution network
• Restrictive rules and regulation

Future expansion opportunities for the global plant-based meat market include:
• Growing research and development
• Growing population
• Expanding financial resources

Key Industry Insights & Findings from the report:
• The expansion of the worldwide plant-based non-vegetarian market is ascribed to rising health concerns and a desire for wholesome and delicious dietary options.
• The demand for plant-based meat is being driven by consumers' growing curiosity about diets made from plants and their growing consciousness of animal welfare thanks to various welfare groups.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• One of the main things holding back the demand for plant-based meat is expense.

Market Analysis:
Plant-based meat refers to meat alternatives primarily developed from plant-derived ingredients, designed to replicate the flavor, texture, and nutritional profile of traditional animal-based meat products. The market for these alternatives is experiencing significant growth, driven by a growing consumer inclination toward vegetarian and flexitarian dietary habits and heightened awareness of environmental sustainability. Additionally, increasing health-related concerns-particularly those linked to obesity, diabetes, cardiovascular conditions, and other ailments associated with the consumption of high-fat animal meats-are expected to further accelerate the adoption of plant-based meat products.

List of Prominent Players in the Plant-based Meat Market:
• Amy's Kitchen, Inc
• Beyond Meat
• Bites Foods Limit
• Conagra, Inc. (Garden Protein International)
• Praeger's Sensible Foods
• Eat JUST Inc.
• Garden Protein International
• Gold Green Foods Ltd
• Greenwise
• Impossible Foods Inc
• Kellogg NA Co.
• Kraft Foods, Inc
• Light life Foods, Inc
• Like Meat GmbH
• Maple Leaf Foods (Field Roast & Maple Lea
• Marlow Foods Ltd. (Cauldron)
• Morningstar Farms
• Moving Mountains
• No Evil Foods
• Novameat
• Okah B
• Omni Foods
• Omnipork
• Quorn Foods
• Sunfed
• SunFest
• The Vegetarian Butcher
• Tofurky
• Trader Joe's
• V2food
• VBites
• Vegetarian Butcher
• Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
• Zikooin

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Recent Developments:
• In Novemnber 2024, The Kraft Heinz Company, the industry pioneer in food dressings for almost a century in Canada, introduced Natural J.L. KRAFT, a new range of high-quality, long-lasting vinaigrette and marinades. The new range is the initial of its type to join Canada's reusable condiments market. It is proudly manufactured in Canada and has no synthetic preservatives, flavors, or colors.
• In December 2024, Conagra Brands, Inc. declared that it is utilizing a human-centered strategy that emphasizes the appropriate use of AI throughout the organization in order to advance its AI solutions. With workers at the core of its AI approach, Conagra hopes to increase productivity by using cutting-edge technologies to expand, enhance, and reinvent its capabilities. This strategy equips staff members with tools that facilitate growth, expedite decision-making, and effectively synthesize massive data sets.
• In January 2025, Beyond Meat, Inc. (NASDAQ: BYND), a pioneer in plant-based meat, revealed that its Beyond Steakhouse range, one of the best-selling and largest plant-based meat substitutes available, would now be available at Sprouts market locations nationwide. Major wellness groups' dietary guidelines are met by the new range of pre-seasoned steak tips, which come in two delicious ingredients.

Plant-based Meat Market Dynamics
Market Drivers: Expansion of the Food and Beverage Industry
The rising demand for plant-based meat products is strongly linked to the continuous growth of the food and beverage industry. This sector includes a broad spectrum of businesses, such as restaurants and food service providers, that prepare, distribute, and serve food and beverages to consumers. Within this evolving landscape, plant-based meat alternatives are increasingly being adopted as viable substitutes for traditional animal-derived meat. As the food and beverage industry continues to expand, the demand for plant-based meat products is expected to grow in parallel.

Challenges: Supply Chain and Distribution Limitations
The plant-based meat industry faces significant challenges related to supply chain logistics and distribution, which can adversely impact both the cost and availability of essential raw materials. Unanticipated disruptions-stemming from factors such as extreme weather conditions or geopolitical tensions-may result in material shortages and increased operational costs, thereby affecting overall production efficiency. In response, manufacturers may be forced to adjust pricing strategies, which can reduce the price competitiveness of plant-based alternatives compared to conventional meat. These logistical constraints can, in turn, impede consumer adoption and restrain market expansion.

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North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The plant-based meat market in North America is projected to capture a significant share of global revenue and exhibit strong growth throughout the forecast period. This upward trajectory is primarily driven by a rising consumer inclination toward vegetarian and plant-based alternatives to traditional meat products. Increasing awareness of health, environmental, and regulatory considerations is also contributing to a shift in consumer behavior, fostering greater adoption of plant-based meat options. Furthermore, the market's expansion is supported by the widespread availability of these products, a broad and innovative product range, and effective marketing strategies employed by key market players.

Segmentation of Plant-based Meat Market-
By Source-
• Soy
• Wheat
• Blends
• Pea
• Others
By Type-
• Beef
• Chicken
• Pork
• Fish
By Product-
• Burger patties
• Strip & nuggets
• Sausages
• Meatballs
By Distribution Channels-
• Food retail
• Food services
• E-commerce
By Storage-
• Frozen
• Refrigerated
• Shelf-stable
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.