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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831796
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1831796
Plant-Based Meat Market Size, Share, Trends, Industry Analysis Report By Source (Soy, Wheat), By Product, By Distribution Channel, By Region - Market Forecast, 2025-2034
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PAGES: 116 Pages
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The plant-based meat market size is expected to reach USD 54.49 Billion by 2034, according to a new study by Polaris Market Research. The report "Plant-Based Meat Market Size, Share, Trends, Industry Analysis Report By Source (Soy, Wheat), By Product, By Distribution Channel, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Plant-based meat products are manufactured by using plant ingredients that mimic animal-derived meat in terms of taste and appearance. They are designed in a way to be indistinguishable from animal meat.
Many consumers are becoming more health-conscious and are seeking food options that are lower in cholesterol, saturated fat, and calories. Plant-based meat offers a healthier alternative to traditional meat, especially for those at risk of heart disease, obesity, or diabetes. Consumers are more likely to choose plant-based options as people learn more about the health risks linked to red and processed meat. This shift is especially strong among younger generations, who actively seek out nutritious and balanced diets. Consequently, health concerns drives growth in the plant-based meat market.
Animal welfare is an increasingly important issue for many consumers. People are becoming more aware of the treatment of animals in industrial farming and are choosing to avoid animal-based products for ethical reasons. Plant-based meat provides a way to enjoy the taste and texture of meat without contributing to animal suffering. Advocacy by animal rights groups and viral social media content have further increased awareness around this issue. Ethical concerns are pushing consumers toward plant-based options as more people become conscious of where their food comes from, fueling market growth.
Plant-Based Meat Market Report Highlights
The soy segment is projected to register a CAGR of 20.3% during the forecast period, due to the growing awareness of the environmental impact of traditional meat production.
The e-commerce segment held a significant revenue share in 2024, holding 11.86% as companies are focusing on e-commerce platforms, which are particularly preferred by millennials.
North America accounted for 40.65% of the global plant-based meat market revenue share in 2024 due to growing health awareness and shifting consumer preferences
The market in Asia Pacific is expected to register a CAGR of 20.3% during the forecast period, fueled by rising population, urbanization, and growing awareness of health and sustainability.
A few global key market players are Amy's Kitchen Inc.; Beyond Meat Inc.; Boca Foods Company (Kraft Foods, Inc.); Conagra Brands, Inc.; Eat JUST; Gold & Green Foods Ltd.; Greenwise; Impossible Foods Inc.; Kellanova; Kellogg; Maple Leaf Foods Inc.; NOVAMEAT; OmniPork; Quorn Foods; Sunfed; Tofurky; Unilever; v2food Pty Ltd; VBites Foods Limited; and Zikooin.
Polaris Market Research has segmented the plant-based meat market report on the basis of source, product, distribution channel, and region:
By Source (Revenue - USD Billion, 2020-2034)
Soy
Wheat
Peas
Other Sources
By Product (Revenue - USD Billion, 2020-2034)
Burger Patties
Sausages
Strips & Nuggets
Meatballs
Other Products
By Distribution Channel (Revenue - USD Billion, 2020-2034)
Retail Outlet
Foodservice
E-commerce
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Product Code: PM1689
Table of Contents
Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objectives of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
Chapter 2. Executive Summary
- 2.1 Market Highlights
Chapter 3. Research Methodology
- 3.1 Overview
- 3.1.1 Data Mining
- 3.2 Data Sources
- 3.2.1 Primary Sources
- 3.2.2 Secondary Sources
Chapter 4. Plant-based Meat Market Insights
- 4.1 Plant-based Meat - Industry Snapshot
- 4.2 Plant-based Meat Market Dynamics
- 4.2.1 Drivers and Opportunities
- 4.2.1.1 Growth in the number flexitarian, ethical, and health conscious consumer across the globe
- 4.2.1.2 Widening ingredient and flavor portfolio of plant-based meat and novel product development
- 4.2.1.3 Strategy revision by industry participants and the advent of Direct to Consumer Model (D2C)
- 4.2.1.4 Significant Investments
- 4.2.2 Restraints and Challenges
- 4.2.2.1 Comparatively high cost
- 4.2.2.2 Disadvantages associated with plant-based meat products
- 4.2.1 Drivers and Opportunities
- 4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers (Moderate)
- 4.3.2 Threats of New Entrants: (High)
- 4.3.3 Bargaining Power of Buyers (Moderate)
- 4.3.4 Threat of Substitute (Moderate)
- 4.3.5 Rivalry among existing firms (Moderate)
- 4.4 PEST Analysis
- 4.5 Plant-based Meat Market - Value Chain Analysis
- 4.6 Plant-based Meat Market - Covid Impact Analysis
- 4.7 Plant-based Meat Market - Industry Trends
Chapter 5. Plant-based Meat Market Assessment by Source
- 5.1 Introduction
- 5.2 Soy
- 5.3 Wheat
- 5.4 Peas
- 5.5 Other Sources
Chapter 6. Global Plant-based Meat Market, by Product
- 6.1 Introduction
- 6.2 Burger Patties
- 6.3 Sausages
- 6.4 Strips & Nuggets
- 6.5 Meatballs
- 6.6 Other Products
Chapter 7. Global Plant-based Meat Market, by Distribution Channel
- 7.1 Introduction
- 7.2 Retail Outlet
- 7.3 Foodservice
- 7.4 E-commerce
Chapter 8. Plant-based Meat Market Assessment by Geography
- 8.1 Introduction
- 8.2 Plant-based Meat Market - North America
- 8.2.1 Plant-based Meat Market - US
- 8.2.2 Plant-based Meat Market - Canada
- 8.3 Plant-based Meat Market - Europe
- 8.3.1 Plant-based Meat Market - Germany
- 8.3.2 Plant-based Meat Market - UK
- 8.3.3 . Plant-based Meat Market - France
- 8.3.4 Plant-based Meat Market - Italy
- 8.3.5 Plant-based Meat Market - Belgium
- 8.3.6 Plant-based Meat Market - Netherlands
- 8.3.7 Plant-based Meat Market - Spain
- 8.3.8 Plant-based Meat Market - Rest of Europe
- 8.4 Plant-based Meat Market - Asia Pacific
- 8.4.1 Plant-based Meat Market - China
- 8.4.2 Plant-based Meat Market - India
- 8.4.3 . Plant-based Meat Market - Japan
- 8.4.4 Plant-based Meat Market - Australia
- 8.4.5 Plant-based Meat Market - Malaysia
- 8.4.6 Plant-based Meat Market - South Korea
- 8.4.7 Plant-based Meat Market - Rest of Asia Pacific
- 8.5 Plant-based Meat Market - Latin America
- 8.5.1 Plant-based Meat Market - Brazil
- 8.5.2 Plant-based Meat Market - Mexico
- 8.5.3 Plant-based Meat Market - Argentina
- 8.5.4 Plant-based Meat Market - Rest of Latin America
- 8.6 Plant-based Meat Market - Middle East & Africa
- 8.6.1 Plant-based Meat Market - UAE
- 8.6.2 Plant-based Meat Market - Saudi Arabia
- 8.6.3 Plant-based Meat Market - Israel
- 8.6.4 Plant-based Meat Market - South Africa
- 8.6.5 Plant-based Meat Market - Rest of MEA
Chapter 9. Competitive Landscape
- 9.1 Key Market Players: Categorization
- 9.2 Strategy Framework
- 9.3 Vendor Landscape
- 9.4 Strategies Categorization
- 9.4.1 Partnerships/Collaborations/Agreements
- 9.4.2 Expansions
- 9.4.3 Product Development/New Launch
Chapter 10. Company Profiles
- 10.1 Impossible Foods Inc.
- 10.1.1 Business Overview
- 10.1.2 Financial Snapshot
- 10.1.3 Products and Services
- 10.1.4 Strategic Initiatives
- 10.2 Conagra Brands, Inc.
- 10.2.1 Business Overview
- 10.2.2 Financial Snapshot
- 10.2.3 Products and Services
- 10.2.4 Strategic Initiatives
- 10.3 Beyond Meat Inc.
- 10.3.1 Business Overview
- 10.3.2 Financial Snapshot
- 10.3.3 Products and Services
- 10.3.4 Strategic Initiatives
- 10.4 Kellanova
- 10.4.1 Business Overview
- 10.4.2 Financial Snapshot
- 10.4.3 Products and Services
- 10.4.4 Strategic Initiatives
- 10.5 Quorn Foods
- 10.5.1 Business Overview
- 10.5.2 Financial Snapshot
- 10.5.3 Products and Services
- 10.5.4 Strategic Initiatives
- 10.6 Amy's Kitchen Inc.
- 10.6.1 Business Overview
- 10.6.2 Financial Snapshot
- 10.6.3 Products and Services
- 10.6.4 Strategic Initiatives
- 10.7 Maple Leaf Foods Inc.
- 10.7.1 Business Overview
- 10.7.2 Financial Snapshot
- 10.7.3 Products and Services
- 10.7.4 Strategic Initiatives
- 10.8 Unilever
- 10.8.1 Business Overview
- 10.8.2 Financial Snapshot
- 10.8.3 Products and Services
- 10.8.4 Strategic Initiatives
- 10.9 Tofurky
- 10.9.1 Business Overview
- 10.9.2 Financial Snapshot
- 10.9.3 Products and Services
- 10.9.4 Strategic Initiatives
- 10.10 Sunfed
- 10.10.1 Business Overview
- 10.10.2 Financial Snapshot
- 10.10.3 Products and Services
- 10.10.4 Strategic Initiatives
- 10.11 VBites Foods Limited
- 10.11.1 Business Overview
- 10.11.2 Financial Snapshot
- 10.11.3 Products and Services
- 10.11.4 Strategic Initiatives
- 10.12 Gold & Green Foods Ltd.
- 10.12.1 Business Overview
- 10.12.2 Financial Snapshot
- 10.12.3 Products and Services
- 10.12.4 Strategic Initiatives
- 10.13 Greenwise
- 10.13.1 Business Overview
- 10.13.2 Financial Snapshot
- 10.13.3 Products and Services
- 10.13.4 Strategic Initiatives
- 10.14 NOVAMEAT
- 10.14.1 Business Overview
- 10.14.2 Financial Snapshot
- 10.14.3 Products and Services
- 10.14.4 Strategic Initiatives
- 10.15 OmniPork
- 10.15.1 Business Overview
- 10.15.2 Financial Snapshot
- 10.15.3 Products and Services
- 10.15.4 Strategic Initiatives
- 10.16 Zikooin
- 10.16.1 Business Overview
- 10.16.2 Financial Snapshot
- 10.16.3 Products and Services
- 10.16.4 Strategic Initiatives
- 10.17 v2food Pty Ltd
- 10.17.1 Business Overview
- 10.17.2 Financial Snapshot
- 10.17.3 Products and Services
- 10.17.4 Strategic Initiatives
Product Code: PM1689
List of Tables
- Table 1 Global Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 2 Global Soy-based Meat Market, by Region, 2020 - 2034 (USD Billion)
- Table 3 Global Wheat-based Meat Market, by Region, 2020 - 2034 (USD Billion)
- Table 4 Global Peas-based Meat Market, by Region, 2020 - 2034 (USD Billion)
- Table 5 Global Other Plant-based Meat Market, by Region, 2020 - 2034 (USD Billion)
- Table 6 Global Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 7 Global Plant-based Meat Market, by Burger Patties, by Region, 2020 - 2034 (USD Billion)
- Table 8 Global Plant-based Meat Market, by Sausages, by Region, 2020 - 2034 (USD Billion)
- Table 9 Global Plant-based Meat Market, by Strips & Nuggets, by Region, 2020 - 2034 (USD Billion)
- Table 10 Global Plant-based Meat Market, by Meatballs, by Region, 2020 - 2034 (USD Billion)
- Table 11 Global Plant-based Meat Market, by Other Applications, by Region, 2020 - 2034 (USD Billion)
- Table 12 Global Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 13 Global Plant-based Meat Market, by Retail Outlet, by Region, 2020 - 2034 (USD Billion)
- Table 14 Global Plant-based Meat Market, by Foodservice, by Region, 2020 - 2034 (USD Billion)
- Table 15 Global Plant-based Meat Market, by E-commerce, by Region, 2020 - 2034 (USD Billion)
- Table 16 Plant-based Meat Market Assessment, By Geography, 2020 - 2034 (USD Billion)
- Table 17 North America: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 18 North America: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 19 North America: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 20 U.S.: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 21 U.S.: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 22 U.S.: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 23 Canada: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 24 Canada: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 25 Canada: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 26 Europe: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 27 Europe: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 28 Europe: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 29 Germany: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 30 Germany: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 31 Germany: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 32 UK: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 33 UK: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 34 UK: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 35 France: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 36 France: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 37 France: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 38 Italy: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 39 Italy: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 40 Italy: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 41 Belgium: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 42 Belgium: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 43 Belgium: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 44 Netherlands: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 45 Netherlands: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 46 Netherlands: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 47 Spain: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 48 Spain: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 49 Spain: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 50 Rest of Europe: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 51 Rest of Europe: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 52 Rest of Europe: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 53 Asia Pacific: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 54 Asia Pacific: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 55 Asia Pacific: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 56 China: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 57 China: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 58 China: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 59 India: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 60 India: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 61 India: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 62 Japan: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 63 Japan: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 64 Japan: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 65 Australia: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 66 Australia: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 67 Australia: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 68 Malaysia: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 69 Malaysia: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 70 Malaysia: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 71 South Korea: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 72 South Korea: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 73 South Korea: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 74 Rest of Asia Pacific: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 75 Rest of Asia Pacific: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 76 Rest of Asia Pacific: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 77 Latin America: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 78 Latin America: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 79 Latin America: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 80 Brazil: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 81 Brazil: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 82 Brazil: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 83 Mexico: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 84 Mexico: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 85 Mexico: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 86 Argentina: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 87 Argentina: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 88 Argentina: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 89 Rest of Latin America: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 90 Rest of Latin America: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 91 Rest of Latin America: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 92 MEA: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 93 MEA: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 94 MEA: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 95 UAE: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 96 UAE: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 97 UAE: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 98 Saudi Arabia: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 99 Saudi Arabia: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 100 Saudi Arabia: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 101 Israel: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 102 Israel: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 103 Israel: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 104 South Africa: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 105 South Africa: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 106 South Africa: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
- Table 107 Rest of MEA: Plant-based Meat Market, By Source, 2020 - 2034 (USD Billion)
- Table 108 Rest of MEA: Plant-based Meat Market, By Product, 2020 - 2034 (USD Billion)
- Table 109 Rest of MEA: Plant-based Meat Market, By Distribution Channel, 2020 - 2034 (USD Billion)
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