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U.S. Plant-Based Meat Market Size, Share, Trends, Industry Analysis Report By Source (Soy, Wheat), By Product, By Distribution Channel – Market Forecast, 2025–2034

Published Sep 01, 2025
Length 129 Pages
SKU # PLRS20451360

Description

The U.S. plant-based meat market size is expected to reach USD 23.86 Billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Plant-Based Meat Market Size, Share, Trends, Industry Analysis Report By Source (Soy, Wheat), By Product, By Distribution Channel – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Plant-based meat is defined as products manufactured by using plant ingredients that mimic animal-derived meat both in terms of taste and appearance. The products are designed in a way to be indistinguishable from animal meat.

Environmental awareness has grown rapidly in the U.S., especially among millennials and Gen Z consumers. People are increasingly concerned about the impact of traditional meat production. As a result, many Americans are shifting toward plant-based meat as a more sustainable option. Media coverage, public campaigns, and climate-related events have educated consumers on the environmental costs of meat consumption. Many brands highlight their reduced carbon footprint and sustainable sourcing, which resonates with eco-conscious buyers. This rising interest in sustainability is directly boosting the demand for plant-based meat in the U.S., thereby driving the growth.

Concerns about animal welfare have become more prominent in the U.S., particularly among younger generations. Documentaries, social media activism, and campaigns by animal rights groups have made these issues more visible. This awareness has led many to seek alternatives that align with their values. Plant-based meat offers the experience of eating meat without contributing to animal suffering. This shift in consumer mindset is helping to expand the U.S. plant-based meat industry as ethical considerations become a stronger part of food choices.

U.S. Plant-Based Meat Market Report Highlights

The soy segment is anticipated to register a CAGR of 20.2% during the forecast period, driven by its high protein content and strong ability to mimic the texture of traditional meat.

The wheat segment is expected to capture a notable market share, as wheat-based ingredients, particularly wheat gluten (seitan), are becoming increasingly popular for delivering a chewy, meat-like texture.

The burger patties segment accounted for 43.43% of the U.S. plant-based meat market revenue in 2024, with consumers readily embracing plant-based versions from well-known brands such as Beyond Meat and Impossible Foods.

The e-commerce segment held a 12.69% revenue share in 2024, reflecting the growing importance of online platforms in distributing plant-based meat products across the U.S..

A few key market players are Amy’s Kitchen Inc.; Beyond Meat Inc.; Conagra Brands, Inc.; Impossible Foods Inc.; Kellogg; Maple Leaf Foods Inc.; Quorn Foods; Tofurky; Unilever; and VBites Foods Limited.

Polaris Market Research has segmented the U.S. plant-based meat market report on the basis of source, product, and distribution channel:

By Source (Revenue - USD Billion, 2020–2034)

Soy

Wheat

Peas

Other Sources

By Product (Revenue - USD Billion, 2020–2034)

Burger Patties

Sausages

Strips & Nuggets

Meatballs

Other Products

By Distribution Channel (Revenue - USD Billion, 2020–2034)

Retail Outlet

Foodservice

E-commerce

Table of Contents

129 Pages
Chapter 1.Introduction
1.1Report Description
1.1.1Objectives of the Study
1.1.2Market Scope
1.1.3Assumptions
1.2Stakeholders
Chapter 2.Executive Summary
2.1Market Highlights
Chapter 3.Research Methodology
3.1Overview
3.1.1Data Mining
3.2Data Sources
3.2.1Primary Sources
3.2.2Secondary Sources
Chapter 4.U.S. Plant-based Meat Market Insights
4.1Plant-based Meat – Industry Snapshot
4.2U.S. Plant-based Meat Market Dynamics
4.2.1Drivers and Opportunities
4.2.1.1Growth in the number flexitarian, ethical, and health conscious consumer across the globe
4.2.1.2Widening ingredient and flavor portfolio of plant-based meat and novel product development
4.2.1.3Strategy revision by industry participants and the advent of Direct to Consumer Model (D2C)
4.2.1.4Significant Investments
4.2.2Restraints and Challenges
4.2.2.1Comparatively high cost
4.2.2.2Disadvantages associated with plant-based meat products
4.3Porter’s Five Forces Analysis
4.3.1Bargaining Power of Suppliers (Moderate)
4.3.2Threats of New Entrants: (High)
4.3.3Bargaining Power of Buyers (Moderate)
4.3.4Threat of Substitute (Moderate)
4.3.5Rivalry among existing firms (Moderate)
4.4PEST Analysis
4.5U.S. Plant-based Meat Market - Value Chain Analysis
4.6U.S. Plant-based Meat Market - Covid Impact Analysis
4.7U.S. Plant-based Meat Market - Industry Trends
Chapter 5.U.S. Plant-based Meat Market Assessment by Source
5.1Introduction
5.2Soy
5.3Wheat
5.4Peas
5.5Other Sources
Chapter 6.U.S. Plant-based Meat Market by Product
6.1Introduction
6.2Burger Patties
6.3Sausages
6.4Strips & Nuggets
6.5Meatballs
6.6Other Products
Chapter 7.U.S. Plant-based Meat Market by Distribution Channel
7.1Introduction
7.2Retail Outlet
7.3Foodservice
7.4E-commerce
Chapter 9.Competitive Landscape
9.1Key Market Players: Categorization
9.2Strategy Framework
9.3Vendor Landscape
9.4Strategies Categorization
9.4.1Partnerships/Collaborations/Agreements
9.4.2Expansions
9.4.3Product Development/New Launch
Chapter 10.Company Profiles
10.1Impossible Foods Inc.
10.1.1Business Overview
10.1.2Financial Snapshot
10.1.3Products and Services
10.1.4Strategic Initiatives
10.2Conagra Brands, Inc.
10.2.1Business Overview
10.2.2Financial Snapshot
10.2.3Products and Services
10.2.4Strategic Initiatives
10.3Beyond Meat Inc.
10.3.1Business Overview
10.3.2Financial Snapshot
10.3.3Products and Services
10.3.4Strategic Initiatives
10.4Kellanova
10.4.1Business Overview
10.4.2Financial Snapshot
10.4.3Products and Services
10.4.4Strategic Initiatives
10.5Quorn Foods
10.5.1Business Overview
10.5.2Financial Snapshot
10.5.3Products and Services
10.5.4Strategic Initiatives
10.6Amy’s Kitchen Inc.
10.6.1Business Overview
10.6.2Financial Snapshot
10.6.3Products and Services
10.6.4Strategic Initiatives
10.7Maple Leaf Foods Inc.
10.7.1Business Overview
10.7.2Financial Snapshot
10.7.3Products and Services
10.7.4Strategic Initiatives
10.8Unilever
10.8.1Business Overview
10.8.2Financial Snapshot
10.8.3Products and Services
10.8.4Strategic Initiatives
10.9Tofurky
10.9.1Business Overview
10.9.2Financial Snapshot
10.9.3Products and Services
10.9.4Strategic Initiatives
10.10Sunfed
10.10.1Business Overview
10.10.2Financial Snapshot
10.10.3Products and Services
10.10.4Strategic Initiatives
10.11VBites Foods Limited
10.11.1Business Overview
10.11.2Financial Snapshot
10.11.3Products and Services
10.11.4Strategic Initiatives
10.12Gold & Green Foods Ltd.
10.12.1Business Overview
10.12.2Financial Snapshot
10.12.3Products and Services
10.12.4Strategic Initiatives
10.13Greenwise
10.13.1Business Overview
10.13.2Financial Snapshot
10.13.3Products and Services
10.13.4Strategic Initiatives
10.14NOVAMEAT
10.14.1Business Overview
10.14.2Financial Snapshot
10.14.3Products and Services
10.14.4Strategic Initiatives
10.15OmniPork
10.15.1Business Overview
10.15.2Financial Snapshot
10.15.3Products and Services
10.15.4Strategic Initiatives
10.16Zikooin
10.16.1Business Overview
10.16.2Financial Snapshot
10.16.3Products and Services
10.16.4Strategic Initiatives
10.17v2food Pty Ltd
10.17.1Business Overview
10.17.2Financial Snapshot
10.17.3Products and Services
10.17.4Strategic Initiatives
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