3D Printing Plant-Based Meat Market size was over USD 2.56 billion in 2023 and is projected to exceed USD 14.38 billion by 2036, growing at over 14.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 3D printing plant-based meat is assessed at USD 2.85 billion.
The growth of the market can be attributed primarily to the growing trend of veganism among consumers, especially in developed and developing regions. Along with this, plant-based are less damaging for the environment as it reduces greenhouse emissions by up to 90 percent as compared to conventional meat, and causes much less nutrient and water pollution. This in turn is also expected to augment the market growth significantly in the forthcoming years.
Furthermore, rising developments in the 3D printing technology, increasing demand for customized food, and surge in the disposable income globally are projected to offer lucrative opportunities to the market in the near future. According to the World Bank, the adjusted national per capita of the world was USD 9,446.752 (current USD) in 2019, up from USD 9,340.408 and USD 8,989.491 in 2018 and 2017 respectively.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
14.2% |
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Base Year Market Size (2023) |
USD 2.56 billion |
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Forecast Year Market Size (2036) |
USD 14.38 billion |
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Regional Scope |
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The market is segmented by meat type into red meat, poultry, pork, and seafood, out of which, the red meat segment is anticipated to hold the largest share in the global 3D printing plant-based meat market. This can be accounted to the increasing production of red meat products, mainly steaks, by 3D printing techniques as the texture of these meats is comparatively easier to be produced by printers. Apart from this, red meat is widely consumed in Europe and the Americas, holding the majority of non-vegetarian population around the world, which is also predicted to boost the growth of the market segment in the years to come. Additionally, on the basis of end user, the commercial segment is assessed to acquire the largest share during the forecast period owing to the rising emphasis of restaurants serving vegan products to expand their consumer base to meat eaters as well.
Our in-depth analysis of the global 3D printing plant-based meat market includes the following segments:
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By Meat Type |
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By End User |
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North America Market Analysis
On the basis of geographical analysis, the global 3D printing plant-based meat market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America industry is expected to hold largest revenue share by 2036, on account of growing population of people following veganism, and rise in research and development activities associated with food-based 3D printing techniques in the region. In the United States, about 6 percent of the consumers stated that they are vegan in 2021, up from just 1 percent people in the year 2014. Also, the retail sales of plant-based foods in the country grew by more than 10 percent from 2018 to 2019. In addition, high healthcare expenditure in the United States, coupled with increasing focus to apply 3D printing food technology in the medical sector are expected to offer ample growth opportunities to the market in the future. Moreover, the market in Europe is predicted to acquire a significant share during the forecast period ascribing to the high consumption of plant-based meat, and presence of major market players in the region.
November 2021- Israeli startup Redefine Meat announced that it will serve 3D printed plant-based meat products in selected high-end restaurants in Europe.
July 2021- Barcelona based bioengineering startup Novameat declared that it is planning to sell its 3D printed alternative meat products to consumers and restaurants by 2022.
Author Credits: Parul Atri
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