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Plant-Based Meat Market Trends

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Report ID: 3155
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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Plant-Based Meat Market Trends

Growth Drivers

Rising Trend of Consuming Vegan Food Products
Increasing Investments for Producing Plant-Based Meat by Major Market Players

Challenges

Negative Perception About the Taste of Plant-Based Meat

Plant-based Meat Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	18.9%
Base Year Market Size (2023)	USD 7.28 billion
Forecast Year Market Size (2036)	USD 69.1 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Plant-based Meat Market Size & Share, Growth Forecast 2036

Author Credits: Parul Atri

Report ID: 3155
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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.

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