U.S. Plant-Based Meat Market to Surpass USD 8.7 Billion by 2030, Driven by Veganism and Health-Conscious Consumers

The U.S. plant-based meat market, valued at USD 3.21 billion in 2024, is projected to reach USD 8.70 billion by 2030, expanding at an impressive CAGR of 18.1%, according to DataM Intelligence. The market's growth is being fueled by increasing consumer awareness of health, sustainability, and ethical concerns surrounding animal-based foods. Consumers seeking alternatives to conventional meat, especially products lower in saturated fats and cholesterol, are driving the surge in demand for plant-based meat products. Soy and pea proteins, known for their nutrient density, protein quality, and sustainability, continue to dominate product formulations across the industry.

Plant-based meat adoption in the U.S. is becoming mainstream, driven by changing dietary preferences, environmental awareness, and advances in food technology. Enhanced product quality, improved taste, and texture innovations have also improved consumer acceptance. Major players like Beyond Meat, Impossible Foods, and Conagra Brands are expanding their offerings across burgers, sausages, and chicken substitutes, while fast-food chains and retailers are dedicating larger shelf and menu spaces to meat-free alternatives.

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Key Highlights from the Report

➤ U.S. plant-based meat market projected to grow from USD 3.21 billion in 2024 to USD 8.70 billion by 2030 at 18.1% CAGR.
➤ Soy-based meat dominates with a 44.4% share supported by its rich amino acid profile and functionality.
➤ Plant-based burgers account for 28.4% market share, driven by innovation in flavor and texture.
➤ Chicken alternatives lead product type with 37.5% share, followed by pork substitutes growing at 18.9% CAGR.
➤ HORECA (hotel/restaurant/café) segment leads distribution, capturing 53.4% of revenue share.
➤ Refrigerated plant-based meat expected to post the fastest CAGR of 18.6% from 2025-2030.

Market Segmentation
By source, soy remains the most dominant ingredient with 44.4% market share due to its complete protein composition and wide application across various plant-based formats. Pea protein, however, is rapidly emerging due to affordability, lower environmental impact, and versatile texturizing properties. Advances in pea-based meat formulations-particularly in burgers and sausages-are expected to drive segment growth at 19% CAGR.

By product, plant-based burgers hold a commanding 28.4% share, with companies such as Beyond Meat and Impossible Foods setting the benchmark for meat-like flavor and texture. Plant-based sausages are projected to grow at 19.1% CAGR through 2030, mirroring consumer preferences for pork alternatives free from nitrates, GMOs, and soy. The category continues to benefit from new product launches such as Lightlife's Hot Italian and Spinach Pesto flavors.

By type, plant-based chicken remained the most popular product, accounting for 37.5% of revenue in 2024, followed by plant-based pork which is projected to witness strong growth driven by the rising popularity of "veggie bacon." These innovations align with evolving flexitarian diets that prioritize taste, nutrition, and sustainability.

By end user, hotels, restaurants, and cafés (HORECA) dominate the market with 53.4% share as more dining establishments include meat-free menu options. Retail sales, however, are growing faster, supported by e-commerce expansion and partnerships between foodservice brands and grocery chains.

By storage, frozen products lead the market with 58% share, while refrigerated plant-based meat is anticipated to exhibit the highest revenue growth. The shift toward fresh and chilled options is supported by consumer demand for improved taste and quality consistency.

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Regional Insights
The U.S. market leads globally in innovation and consumer adoption of plant-based products. States such as California, New York, and Oregon stand at the forefront due to high vegan populations, strong retail presence, and support for nutritional innovation. Midwest regions, known for legacy meat production, are adopting plant-based alternatives as sustainability concerns rise. Post-pandemic shifts in supply chains and health awareness have also accelerated national expansion, moving meat substitutes from niche to mainstream grocery categories across the country.

Market Dynamics
Market Drivers
Growing health awareness and increased emphasis on vegan and flexitarian lifestyles are primary growth drivers. The focus on lower cholesterol, animal welfare, and environmental sustainability has stimulated market adoption. Innovation in product taste, appearance, and texture further improves consumer retention.

Market Restraints
High production costs associated with plant-protein extraction and ingredient processing can limit product affordability. Consumer skepticism regarding "processed" labels and inconsistent marketing can also challenge long-term loyalty in emerging segments.

Market Opportunities
Continuous R&D is opening opportunities in uncharted categories such as plant-based seafood and premium whole-cut meat substitutes. Collaborations between biotech firms and food manufacturers, along with expansions in retail supply chains, present strong growth avenues through 2030.

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Reasons to Buy the Report
✔ In-depth analysis of plant-based meat trends, market growth, and consumer preferences.
✔ Coverage of innovative product categories across source, product type, and distribution channels.
✔ Comprehensive review of competitive strategies, partnerships, and product launches.
✔ Market forecasts through 2030 supported by quantitative data and segment analysis.
✔ Practical insights into emerging opportunities within the U.S. vegetarian and flexitarian markets.

Frequently Asked Questions (FAQs)
◆ What is the projected size of the U.S. plant-based meat market by 2030?
◆ Which source dominates the U.S. plant-based meat market-soy or peas?
◆ What factors are driving the rise in U.S. plant-based meat consumption?
◆ Who are the major players in the U.S. plant-based meat industry?
◆ Which distribution channel contributed the most revenue in 2024?

Company Insights
Beyond Meat

Impossible Foods Inc.

Maple Leaf Foods (Field Roast & Maple Leaf)

Conagra, Inc. (Gardein Protein International)

Kellogg NA Co. (MorningStar Farms)

Amy's Kitchen, Inc.

Tofurky

Kraft Foods, Inc.

Lightlife Foods, Inc.

Trader Joe's

Recent Developments:

September 2024: Beyond Meat launched a plant-based steak alternative mimicking filet mignon, emphasizing simpler ingredients and improved health benefits.

June 2024: Kraft Heinz and TheNotCo introduced NotHotDogs and NotSausages under their joint venture, expanding accessible, AI-developed plant protein offerings nationwide.

Conclusion
The U.S. plant-based meat market is witnessing remarkable evolution driven by innovation, consumer awareness, and a shift toward ethical and sustainable eating. With growing investment in R&D, improved flavor technology, and widespread adoption by both restaurants and retailers, plant-based meat has firmly carved its place within mainstream American diets. Soy and pea proteins will remain foundational to product innovation, while the next wave of market expansion will focus on higher-quality, refrigerated, and whole-cut alternatives. As the market surges toward USD 8.70 billion by 2030, the U.S. continues to set global benchmarks in sustainable food innovation and culinary transformation.

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This release was published on openPR.