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

Publisher Polaris Market Research & Consulting LLP
Published Sep 01, 2025
Length 116 Pages
SKU # PLRS20451362

Description

The plant-based meat market size is expected to reach USD 54.49 Billion by 2034, according to a new study by Polaris Market Research. The report “Plant-Based Meat Market Size, Share, Trends, Industry Analysis Report By Source (Soy, Wheat), By Product, By Distribution Channel, By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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

Many consumers are becoming more health-conscious and are seeking food options that are lower in cholesterol, saturated fat, and calories. Plant-based meat offers a healthier alternative to traditional meat, especially for those at risk of heart disease, obesity, or diabetes. Consumers are more likely to choose plant-based options as people learn more about the health risks linked to red and processed meat. This shift is especially strong among younger generations, who actively seek out nutritious and balanced diets. Consequently, health concerns drives growth in the plant-based meat market.

Animal welfare is an increasingly important issue for many consumers. People are becoming more aware of the treatment of animals in industrial farming and are choosing to avoid animal-based products for ethical reasons. Plant-based meat provides a way to enjoy the taste and texture of meat without contributing to animal suffering. Advocacy by animal rights groups and viral social media content have further increased awareness around this issue. Ethical concerns are pushing consumers toward plant-based options as more people become conscious of where their food comes from, fueling market growth.

Plant-Based Meat Market Report Highlights

The soy segment is projected to register a CAGR of 20.3% during the forecast period, due to the growing awareness of the environmental impact of traditional meat production.

The e-commerce segment held a significant revenue share in 2024, holding 11.86% as companies are focusing on e-commerce platforms, which are particularly preferred by millennials.

North America accounted for 40.65% of the global plant-based meat market revenue share in 2024 due to growing health awareness and shifting consumer preferences

The market in Asia Pacific is expected to register a CAGR of 20.3% during the forecast period, fueled by rising population, urbanization, and growing awareness of health and sustainability.

A few global key market players are Amy’s Kitchen Inc.; Beyond Meat Inc.; Boca Foods Company (Kraft Foods, Inc.); Conagra Brands, Inc.; Eat JUST; Gold & Green Foods Ltd.; Greenwise; Impossible Foods Inc.; Kellanova; Kellogg; Maple Leaf Foods Inc.; NOVAMEAT; OmniPork; Quorn Foods; Sunfed; Tofurky; Unilever; v2food Pty Ltd; VBites Foods Limited; and Zikooin.

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

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

By Regional Outlook (Revenue - USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Table of Contents

116 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.Plant-based Meat Market Insights
4.1Plant-based Meat – Industry Snapshot
4.2Plant-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
4.5Plant-based Meat Market - Value Chain Analysis
4.6Plant-based Meat Market - Covid Impact Analysis
4.7Plant-based Meat Market - Industry Trends
Chapter 5.Plant-based Meat Market Assessment by Source
5.1Introduction
5.2Soy
5.3Wheat
5.4Peas
5.5Other Sources
Chapter 6.Global Plant-based Meat Market, by Product
6.1Introduction
6.2Burger Patties
6.3Sausages
6.4Strips & Nuggets
6.5Meatballs
6.6Other Products
Chapter 7.Global Plant-based Meat Market, by Distribution Channel
7.1Introduction
7.2Retail Outlet
7.3Foodservice
7.4E-commerce
Chapter 8.Plant-based Meat Market Assessment by Geography
8.1Introduction
8.2Plant-based Meat Market - North America
8.2.1Plant-based Meat Market – US
8.2.2Plant-based Meat Market – Canada
8.3Plant-based Meat Market – Europe
8.3.1Plant-based Meat Market – Germany
8.3.2Plant-based Meat Market – UK
8.3.3. Plant-based Meat Market – France
8.3.4Plant-based Meat Market – Italy
8.3.5Plant-based Meat Market – Belgium
8.3.6Plant-based Meat Market – Netherlands
8.3.7Plant-based Meat Market – Spain
8.3.8Plant-based Meat Market – Rest of Europe
8.4Plant-based Meat Market – Asia Pacific
8.4.1Plant-based Meat Market – China
8.4.2Plant-based Meat Market – India
8.4.3. Plant-based Meat Market – Japan
8.4.4Plant-based Meat Market – Australia
8.4.5Plant-based Meat Market – Malaysia
8.4.6Plant-based Meat Market – South Korea
8.4.7Plant-based Meat Market – Rest of Asia Pacific
8.5Plant-based Meat Market – Latin America
8.5.1Plant-based Meat Market – Brazil
8.5.2Plant-based Meat Market – Mexico
8.5.3Plant-based Meat Market – Argentina
8.5.4Plant-based Meat Market – Rest of Latin America
8.6Plant-based Meat Market – Middle East & Africa
8.6.1Plant-based Meat Market – UAE
8.6.2Plant-based Meat Market – Saudi Arabia
8.6.3Plant-based Meat Market – Israel
8.6.4Plant-based Meat Market – South Africa
8.6.5Plant-based Meat Market – Rest of MEA
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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