Plant-Based Meat Market Accelerates with Consumer Shift Toward Clean Labels and Ethical Food Alternatives

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.

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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 alternative protein products developed using plant-derived ingredients, designed to replicate the flavor, texture, and nutritional profile of traditional animal meat. The market for these products is experiencing significant expansion, largely driven by a growing consumer shift toward vegetarian and flexitarian eating patterns, as well as heightened awareness of environmental sustainability. In addition, increasing health concerns associated with the consumption of high-fat animal meat-particularly its links to obesity, diabetes, cardiovascular disorders, and related health issues-are expected to further accelerate the adoption of plant-based meat solutions.

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 growing demand for plant-based meat is closely linked to the ongoing expansion of the global food and beverage sector. This industry comprises a wide array of participants, including restaurants, catering companies, and foodservice operators responsible for the production, distribution, and delivery of consumable goods. Within this evolving landscape, plant-based meat alternatives are increasingly being integrated as replacements for conventional animal proteins. As the food and beverage sector continues to grow, the demand for innovative, sustainable protein solutions is expected to rise in parallel.

Market Challenges: Supply Chain and Distribution Limitations
The plant-based meat industry faces significant challenges in relation to supply chain efficiency and distribution logistics, which can directly impact the availability and cost of essential raw materials. Disruptions-stemming from climate-related events, geopolitical tensions, or other external factors-can result in shortages and increased production costs. These issues may force producers to adjust pricing strategies, potentially undermining the cost competitiveness of plant-based products when compared to traditional meat. Such operational constraints pose a risk to widespread consumer adoption and may impede the sector's overall growth trajectory.

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North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American plant-based meat market is anticipated to secure a substantial portion of global revenue and demonstrate robust growth over the forecast period. This growth is largely attributed to a growing consumer preference for vegetarian and plant-based alternatives to conventional meat. Heightened awareness of health benefits, environmental impact, and evolving regulatory frameworks is contributing to a significant shift in consumer behavior, encouraging the adoption of plant-based meat products. Additionally, market expansion is being supported by widespread product availability, a diverse and innovative product portfolio, and strategic marketing initiatives implemented by leading industry participants.

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.