Plant-Based Meat Market Share

APAC Market Statistics

On the basis of geographical analysis, the plant-based meat market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is estimated to dominate majority revenue share by 2036, on the back of increasing adoption of healthy lifestyle in the region. Along with this, growing consumption of Tofu and Tempeh as staple foods in countries, namely Japan, China and South Korea is also anticipated to drive market growth in the region in the future. The Tofu industry in China generated a revenue of more than USD 25 billion in 2020. The growth of this market reached up to 6% by the end of the same year.

North America Market Analysis

Additionally, North America is projected to acquire the largest market share during the forecast period ascribing to the rising awareness about the risks of consuming contaminated meat products and strong presence of startups in the plant-based market.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of plant-based meat is assessed at USD 8.38 billion.

Plant-based Meat Market size was valued at USD 7.28 billion in 2023 and is expected to exceed USD 69.1 billion by 2036, registering over 18.9% CAGR during the forecast period i.e., between 2024-2036. Rising trend of consuming vegan food products and increasing investments for producing plant-based meat by major companies will propel the market growth.

Asia Pacific is estimated to dominate majority revenue share by 2036, on the back of increasing adoption of healthy lifestyle in the region.

The major players in the market are Maple Leaf Foods, Beyond Meat, Inc., Conagra, Inc., Unilever UK Ltd, Kellogg NA Co., and others.

Plant-Based Meat Market Share