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.
Author Credits: Parul Atri
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