Comprehensive 2025 Plant-Based-Meat Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Plant-Based-Meat Market Through 2025?
The market of plant-based meat has seen a robust increase in its size lately. It is set to escalate from $9.92 billion in the year 2024 to around $11.58 billion in 2025, showing a compound annual growth rate (CAGR) of 16.8%. The boost experienced in the historic phase is due to factors such as the development of plant-based ingredients, shifts in dietary habits, consciousness about health and environment, expansion and accessibility in retail, as well as influences of worldwide cuisine.

What's the Projected Size of the Global Plant-Based-Meat Market by 2029?
The market size for plant-based meat is predicted to experience substantial expansion in the coming years, with projections indicating it will reach $19.84 billion by 2029, reflecting a 14.4% compound annual growth rate (CAGR). This growth during the forecast period is primarily linked to increased concerns surrounding animal welfare, the integration of such products into restaurant menus, wide-ranging government initiatives and regulations, efforts to combat climate change, and the broadening of the product range. The key trends anticipated during this forecast period are advancements in production technology, the development of technologically enhanced plant-based alternatives, the introduction of a broader variety of product options beyond just burgers, cooperative ties and partnerships with restaurant chains, and a greater emphasis on health and nutrition.

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Top Growth Drivers in the Plant-Based-Meat Industry: What's Accelerating the Market?
The amplification of consumer understanding concerning the advantages of a vegetarian diet is expected to fuel the expansion of the plant-based meat industry. The vegetarian diet presents several merits like reduced insulin levels, lessened heart disease prevalence, and enhanced kidney functions. For example, The Good Food Institute Inc, a UK-based establishment, recorded in April 2023 that the total sales for meat substitutes in Europe's plant-based category hit €2.0 billion in 2022, marking a 3% growth compared to the preceding year. Furthermore, the escalating consumer consciousness about animal rights, propagated by international welfare organizations such as Animal Aid Unlimited (AAU) and People for the Ethical Treatment of Animals (PETA), is set to increase the demand for plant-based meat products. This surge in demand, consequently, is likely to augment the earnings of the plant-based meat industry within the projected period.

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What Trends Will Shape the Plant-Based-Meat Market Through 2029 and Beyond?
An upward trend in the plant-based meat market is the proliferation of new brands and offerings, such as those that utilize plant-based meat. These products are crafted to mimic the taste, texture, and visual allure of conventional meat products derived from animals, but are entirely plant-based. For example, a notable event in July 2022 saw Tata Consumer Products, a fast-moving consumer goods enterprise based in India, introduce a new brand called Tata Simply Better. This brand provides a variety of plant-based meat alternatives to the Indian market. The company is diversifying and extending its product range into this newly emerging category, particularly targeting individuals who wish to integrate more plant-based choices into their eating habits.

What Are the Main 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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Which Top Companies are Driving Growth in the Plant-Based-Meat Market?
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.

Which Regions Will Dominate the Plant-Based-Meat Market Through 2029?
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.

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