Plant Based Meat Market Size, Share, Opportunities, And Trends By Type (Pork, Beef, Chicken, Fish), By Source (Soy, Wheat, Pea, Quinoa, Oats, Beans, Nuts), By Product (Burger Patties, Sausages, Strips & Nuggets, Meat Balls) And By Geography - Forecasts From 2025 To 2030

Updated on: Jan 9, 2025

The plant-based meat market is projected to grow at a CAGR of 17.46% between 2025 to 2030.

Plant Based Meat Market Trends:

Plant-based meat products are meat substitutes that mimic the properties found in natural meats. Compared to meat products, plant-based meats— for the most part — offer consumers a more sustainable and environmentally friendly lineup of meat alternatives. They are made using plants and other non-animal products. These products look, taste, and feel like meat products.

The primary ingredients in plant-based meat substitutes are typically soybeans (and other legumes), wheat gluten, lentils, tofu, yuba, tempeh, and a variety of nuts. An increase in the number of consumers demanding plant-based meat, either for medical reasons or as a healthy lifestyle has led to the growth in the plant-based meat market. It can also be associated with the environmental hazard which comes with the killing of animals.

However, plant-based meat products are highly processed foods with a lot of additives as compared to traditional meat products. Also, many products end up being grey in color which makes them unattractive to some consumers. These act as hindrances to market growth. Continuous efforts in the research & development by plant-based meat manufacturers in terms of better aroma, texture, longer shelf life, and better nutritious profiles are projected to escalate the growth globally by removing the hindrances.

The Plant-Based Meat Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunities in regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, source, product, and geography. 

The plant-based meat market has been segmented based on type, source, product, and geography. By type, the market has been classified into pork, beef, chicken, and fish.  Based on the source the market has been segmented into soy, wheat, pea, quinoa, oats, beans, and nuts. By product, the market has been classified into burger patties, sausages, strips & nuggets, and meatballs.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with a thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries presents for the manufacturers. 

Major players in the plant-based meat market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the plant-based meat market.

Plant Based Meat Market Segmentation:

• By Type

• • Pork
  • Beef
  • Chicken
  • Fish
• By Source

• • Soy
  • Wheat
  • Pea
  • Quinoa
  • Oats
  • Beans
  • Nuts
• By Product

• • Burger Patties
  • Sausages
  • Strips & Nuggets
  • Meat Balls
• By Geography

• • North America

• • • USA
    • Mexico
    • Canada

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • United Kingdom
    • Germany
    • France
    • Spain
    • Others

• • Middle East and Africa

• • • Israel
    • Saudi Arabia
    • Others

• • Asia Pacific

• • • China
    • Japan
    • South Korea
    • India
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1.  Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Forces Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. PLANT-BASED MEAT MARKET BY TYPE

5.1. Pork

5.2. Beef

5.3. Chicken

5.4. Fish

6. PLANT-BASED MEAT MARKET BY SOURCE

6.1. Soy

6.2. Wheat

6.3. Pea

6.4. Quinoa

6.5. Oats

6.6. Beans

6.7. Nuts

7. PLANT-BASED MEAT MARKET BY PRODUCT

7.1. Burger Patties

7.2. Sausages

7.3. Stripa & Nuggets

7.4. Meat Balls

8. PLANT-BASED MEAT MARKET BY GEOGRAPHY

8.1. North America

8.1.1. USA

8.1.2. Canada

8.1.3. Mexico

8.2. South America

8.2.1. Brazil

8.2.2. Argentina

8.2.3. Others

8.3. Europe

8.3.1. Germany

8.3.2. France

8.3.3. United Kingdom

8.3.4. Spain

8.3.5. Others

8.4. Middle East And Africa

8.4.1. Israel

8.4.2. Saudi Arabia

8.4.3. Others

8.5. Asia Pacific

8.5.1. China

8.5.2. Japan

8.5.3. South Korea

8.5.4. India

8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Competitive Benchmarking and Analysis

9.2. Strategies of Key Players

9.3. Recent Investments and Deals

10. COMPANY PROFILES

10.1. Beyond Meat

10.2. Impossible Foods

10.3. Quorn Foods

10.4. Vegeterian Butcher

10.5. Sunfed

10.6. Maple Leaf Foods

10.7. VBites

10.8. Tofurky

10.9. Gold & Green Foods

10.10. Garden Protein International

LIST OF FIGURES

LIST OF TABLES

Beyond Meat

Impossible Foods

Quorn Foods

Vegeterian Butcher

Sunfed

Maple Leaf Foods

VBites

Tofurky

Gold & Green Foods

Garden Protein International