Global plant based meat market is estimated to be valued at USD 5.79 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 24.7% from 2024 to 2031. Global plant based meat market has been witnessing growth steadily over the past few years, owing to rising awareness about health and environmental benefits of plant-based meat. Plant-based meat are meat alternatives made from vegetables, grains and other plant sources that mimic the taste and texture of conventional meat. Increasing vegan and vegetarian population, rising concerns about animal welfare, and sustainability of meat production boosts the adoption of plant based meat globally. Plant based meat have almost similar protein content as animal meat but are lower in cholesterol and fat content, thus, making them healthier option. Leading food companies are investing in developing innovative plant-based meat products by using variations of plant proteins to meet the growing demand.

 Market Dynamics:

Global plant based meat market growth is driven by several factors like growing health and environment consciousness among consumers, rising vegan and flexitarian population and increasing investment in plant-based startups. However, high premium price of plant based meat as compared to conventional meat and lack of authentic taste and texture hampers the market growth. Development of improved production technologies to make plant based meat affordable as well as provide identical taste and texture of animal meat offer opportunities for the market growth. Favorable marketing and promotion by plant based meat companies’ helps to raise awareness about its benefits. However, strict food regulations for new product approval and escalating R&D cost for product development can hamper the market growth.

 Key Features of the Study:

• This report provides in-depth analysis of the global plant based meat market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global plant based meat market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Kellogg NA Co., Quorn, Beyond Meat, Impossible Foods Inc., Maple Leaf Foods (Field Roast & Maple Leaf), Vegetarian Butcher, Conagra, Inc., Amy's Kitchen, Inc., Tofurky, Gold&Green Foods Ltd., Sunfed, VBites Foods Limited, Kraft Foods, Inc., Lightlife Foods, Inc, Trader Joe's, Yves Veggie Cuisine (The Hain-Celestial Canada, ULC), Marlow Foods Ltd. (Cauldron), Ojah B.V., Moving Mountains, Eat JUST Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global plant based meat market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

• By Source:
• • Soy
  • Pea
  • Wheat
  • Others
• By Product Type:
• • Burgers
  • Sausages
  • Patties
  • Nuggets, Tenders & Cutlets
  • Grounds
  • Others
• By Type:
• • Chicken
  • Pork
  • Beef
  • Fish
  • Others
• By Distribution Channel:
• • B2B
  • B2C
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Kellogg NA Co.
  • Quorn
  • Beyond Meat
  • Impossible Foods Inc.
  • Maple Leaf Foods (Field Roast & Maple Leaf)
  • Vegetarian Butcher
  • Conagra, Inc.
  • Amy's Kitchen, Inc.
  • Tofurky
  • Gold&Green Foods Ltd.
  • Sunfed
  • VBites Foods Limited
  • Kraft Foods, Inc.
  • Lightlife Foods, Inc
  • Trader Joe's
  • Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
  • Marlow Foods Ltd. (Cauldron)
  • Ojah B.V.
  • Moving Mountains
  • Eat JUST Inc.