Market Summary
Research Methodology on Plant Based Meat Market
Research Approach
The research report is prepared based on information collected from various secondary sources such as articles, white papers and books. Primary research is conducted with relevant stakeholders such as plant-based meat companies, plant-based meat experts, industry professionals, and regulators, among others, to obtain first-hand information on the market. The research helps identify opportunities, drivers, restraints, and key trends affecting the growth of the global plant-based meat market.
Primary Data Collection
To understand the dynamics of the global plant-based meat market and its future trends, MRFR conducts extensive primary interviews with key stakeholders. Primary interviews include industry experts such as plant-based meat producers, plant-based meat experts, and industry professionals, among others.
Secondary Data Collection
Secondary data sources are considered to support the current market analysis of the global plant-based meat market. The sources include reports from government databases, industry associations and trade unions, press releases, and financial reports.
Data Analysis
To analyze the data collected from primary and secondary sources, extensive qualitative and quantitative analyses are conducted. Extensive primary interviews with stakeholders in the plant-based meat industry are conducted to gain insights into the market. The report is based on the secondary and primary data collected for further analysis.
Market Size Estimation
The gathered data is used to estimate the global plant-based meat market size in terms of value and volume. To arrive at market size estimates, the data sources used include company annual reports, trade associations, and industry databases. The obtained market size estimates are further verified through extensive primary interviews with manufacturers and retailers in the global plant-based meat market.
Forecast Model
The market potential is estimated based on the intensity of the demand and supply forces in the global plant-based meat market. This is done with the help of a demand-supply analysis. The demand side of the market is studied by considering factors such as macroeconomic factors, market dynamics, end-use projections, and technology advancements. The supply side of the market is studied by considering an in-depth analysis of the product portfolio, production cost, and production capacity of the players present in the market.
Key Assumptions
The assumptions used while compiling the report include:
- The plant-based meat market will expand at a solid CAGR during the forecast period 2023 to 2030.
- The pricing of plant-based meat is expected to remain competitive.
- The demand for plant-based meat is expected to remain strong in the upcoming years.
- Innovation will remain key to the growth of the market.
Market Size & Forecast
Report Attribute/Metric Source: | Details |
MARKET SIZE 2023 | 8.3(USD Billion) |
MARKET SIZE 2024 | 9.15(USD Billion) |
MARKET SIZE 2035 | 27.0(USD Billion) |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 10.33% (2025 - 2035) |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
BASE YEAR | 2024 |
MARKET FORECAST PERIOD | 2025 - 2035 |
HISTORICAL DATA | 2019 - 2024 |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Sol Cuisine, MorningStar Farms, BMP, Inc., Meati Foods, Gardein, Impossible Foods, Nestle, Quorn, Lightlife, Good Catch, Field Roast, Blue Horizon, Oatly, Tyson Foods, Beyond Meat |
SEGMENTS COVERED | Product Type, Source, Distribution Channel, Consumer Type, Regional |
KEY MARKET OPPORTUNITIES | Health-conscious consumer trends, Innovative product development, Expansion in foodservice sector, Increased retail distribution, Sustainable sourcing practices |
KEY MARKET DYNAMICS | Health consciousness rise, Environmental sustainability concerns, Technological advancements in production, Rising vegetarianism and veganism, Expansion of retail distribution channels |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
Major Players
Plant-Based Meat Market Segmentation
Plant-Based Meat Market By Product Type (USD Billion, 2019-2035)
Burgers
Sausages
Meatballs
Chicken
Seafood
Plant-Based Meat Market By Source (USD Billion, 2019-2035)
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
Plant-Based Meat Market By Distribution Channel (USD Billion, 2019-2035)
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
Plant-Based Meat Market By Consumer Type (USD Billion, 2019-2035)
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
Plant-Based Meat Market By Regional (USD Billion, 2019-2035)
North America
Europe
South America
Asia Pacific
Middle East and Africa
Plant-Based Meat Market Regional Outlook (USD Billion, 2019-2035)
North America Outlook (USD Billion, 2019-2035)
North America Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
North America Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
North America Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
North America Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
North America Plant-Based Meat Market by Regional Type
US
Canada
US Outlook (USD Billion, 2019-2035)
US Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
US Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
US Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
US Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
CANADA Outlook (USD Billion, 2019-2035)
CANADA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
CANADA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
CANADA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
CANADA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
Europe Outlook (USD Billion, 2019-2035)
Europe Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
Europe Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
Europe Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
Europe Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
Europe Plant-Based Meat Market by Regional Type
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
GERMANY Outlook (USD Billion, 2019-2035)
GERMANY Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
GERMANY Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
GERMANY Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
GERMANY Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
UK Outlook (USD Billion, 2019-2035)
UK Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
UK Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
UK Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
UK Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
FRANCE Outlook (USD Billion, 2019-2035)
FRANCE Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
FRANCE Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
FRANCE Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
FRANCE Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
RUSSIA Outlook (USD Billion, 2019-2035)
RUSSIA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
RUSSIA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
RUSSIA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
RUSSIA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
ITALY Outlook (USD Billion, 2019-2035)
ITALY Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
ITALY Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
ITALY Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
ITALY Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
SPAIN Outlook (USD Billion, 2019-2035)
SPAIN Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
SPAIN Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
SPAIN Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
SPAIN Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
REST OF EUROPE Outlook (USD Billion, 2019-2035)
REST OF EUROPE Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
REST OF EUROPE Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
REST OF EUROPE Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
REST OF EUROPE Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
APAC Outlook (USD Billion, 2019-2035)
APAC Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
APAC Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
APAC Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
APAC Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
APAC Plant-Based Meat Market by Regional Type
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Rest of APAC
CHINA Outlook (USD Billion, 2019-2035)
CHINA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
CHINA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
CHINA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
CHINA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
INDIA Outlook (USD Billion, 2019-2035)
INDIA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
INDIA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
INDIA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
INDIA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
JAPAN Outlook (USD Billion, 2019-2035)
JAPAN Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
JAPAN Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
JAPAN Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
JAPAN Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
SOUTH KOREA Outlook (USD Billion, 2019-2035)
SOUTH KOREA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
SOUTH KOREA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
SOUTH KOREA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
SOUTH KOREA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
MALAYSIA Outlook (USD Billion, 2019-2035)
MALAYSIA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
MALAYSIA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
MALAYSIA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
MALAYSIA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
THAILAND Outlook (USD Billion, 2019-2035)
THAILAND Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
THAILAND Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
THAILAND Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
THAILAND Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
INDONESIA Outlook (USD Billion, 2019-2035)
INDONESIA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
INDONESIA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
INDONESIA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
INDONESIA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
REST OF APAC Outlook (USD Billion, 2019-2035)
REST OF APAC Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
REST OF APAC Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
REST OF APAC Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
REST OF APAC Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
South America Outlook (USD Billion, 2019-2035)
South America Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
South America Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
South America Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
South America Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
South America Plant-Based Meat Market by Regional Type
Brazil
Mexico
Argentina
Rest of South America
BRAZIL Outlook (USD Billion, 2019-2035)
BRAZIL Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
BRAZIL Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
BRAZIL Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
BRAZIL Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
MEXICO Outlook (USD Billion, 2019-2035)
MEXICO Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
MEXICO Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
MEXICO Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
MEXICO Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
ARGENTINA Outlook (USD Billion, 2019-2035)
ARGENTINA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
ARGENTINA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
ARGENTINA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
ARGENTINA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
REST OF SOUTH AMERICA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
REST OF SOUTH AMERICA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
REST OF SOUTH AMERICA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
REST OF SOUTH AMERICA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
MEA Outlook (USD Billion, 2019-2035)
MEA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
MEA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
MEA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
MEA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
MEA Plant-Based Meat Market by Regional Type
GCC Countries
South Africa
Rest of MEA
GCC COUNTRIES Outlook (USD Billion, 2019-2035)
GCC COUNTRIES Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
GCC COUNTRIES Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
GCC COUNTRIES Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
GCC COUNTRIES Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
SOUTH AFRICA Outlook (USD Billion, 2019-2035)
SOUTH AFRICA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
SOUTH AFRICA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
SOUTH AFRICA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
SOUTH AFRICA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
REST OF MEA Outlook (USD Billion, 2019-2035)
REST OF MEA Plant-Based Meat Market by Product Type
Burgers
Sausages
Meatballs
Chicken
Seafood
REST OF MEA Plant-Based Meat Market by Source Type
Soy
Pea Protein
Wheat Gluten
Jackfruit
Mushrooms
REST OF MEA Plant-Based Meat Market by Distribution Channel Type
Supermarkets
Online Retail
Specialty Stores
Food Service
Convenience Stores
REST OF MEA Plant-Based Meat Market by Consumer Type
Vegetarians
Vegans
Flexitarians
Meat Lovers
Health Conscious Consumers
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