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Which Factors Will Shape The Plant-Based-Meat Market Size Through 2030?
The plant-based-meat market has seen rapid expansion in recent years. Its size is anticipated to grow from $11.47 billion in 2025 to $13.09 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 14.1%. The historic growth can be attributed to several factors, including increasing consumer interest in diets that reduce meat intake, the expansion of flexitarian lifestyles, a heightened awareness of the environmental impacts associated with meat consumption, the proliferation of food innovation startups, and an increased availability of plant protein ingredients.
The plant-based-meat market is projected to experience substantial expansion over the upcoming years, with its size anticipated to reach $22.37 billion by 2030, reflecting a compound annual growth rate (CAGR) of 14.3%. This projected growth stems from several factors, including the increasing integration of plant-based meat into everyday diets, increased investment in food technology innovation, the expansion of collaborations with foodservice providers, a heightened emphasis on clean-label plant-based options, and ongoing enhancements in both sensory quality and affordability. Key trends anticipated during this period encompass significant strides in replicating meat-like textures, a surge in demand for protein-rich alternative options, the broadening of culinary applications and flavor profiles, the increasing incorporation of new plant protein blends, and a stronger focus on achieving nutritional equivalence with traditional meat.
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What Is Propelling The Plant-Based-Meat Market Toward $22.37 Billion By 2030?
The expanding food and beverage service industry is projected to boost the expansion of the plant-based meat market in the foreseeable future. This sector includes various enterprises and venues, including restaurants, that prepare, offer, and deliver food and beverages to consumers. Plant-based meat items are progressively being adopted within the food and beverage sector as a preferred substitute for conventional animal-derived meat. These products replicate the flavor, consistency, and look of meat, yet originate entirely from plant sources. For example, in July 2025, data from the Agriculture and Agri-Food Department Canada, a government body in Canada, indicated that in 2024, Canada’s food and beverage processing sector maintained its position as the largest manufacturing industry by production value, producing $173.4 billion in goods. This figure constituted 20.3% of all manufacturing sales and contributed 1.6% to the country’s GDP. Exports of processed food and beverage items reached an unprecedented $59.8 billion, marking a 3.8% rise from 2023, and made up 34.5% of the industry’s overall production value. Consequently, the expansion of the food and beverage service industry is fueling the growth of the plant-based meat market.
What Are The Key Segments And Subsegments In The Plant-Based-Meat Market?
The plant-based-meat market covered in this report is segmented –
1) By Product Type: Burger Patties, Sausages, Strips, Nuggets, Meatballs
2) By Source: Soy, Wheat, Pea, Other Sources
3) By Distribution Channel: Grocery Stores, Food & Drinks Specialty Stores, Convenience Stores, Online Stores
Subsegments:
1) By Burger Patties: Classic Burger Patties, Spicy Burger Patties, Gourmet Burger Patties, Pre-cooked Burger Patties
2) By Sausages: Breakfast Sausages, Italian Sausages, Bratwurst, Chorizo
3) By Strips: Grilled Strips, Breaded Strips, Spicy Strips
4) By Nuggets: Classic Breaded Plant-Based Nuggets, Crispy Coated Plant-Based Nuggets, Spicy Seasoned Plant-Based Nuggets, Gluten-Free Plant-Based Nuggets, Pre-Cooked and Ready-to-Heat Plant-Based Nuggets
5) By Meatballs: Classic Meatballs, Italian Meatballs, Spicy Meatballs, Swedish Meatballs
Plant-Based-Meat Market Trends Behind The 14.3% CAGR Forecast
Major companies in the plant-based meat market are concentrating on developing innovative products, such as next-generation plant-based burgers and beef mince, to meet the increasing demand for healthier, sustainable, and ethically produced meat alternatives. These next-generation plant-based burgers and beef mince are formulated using plant-derived proteins to replicate the taste, texture, and appearance of conventional meat, while offering benefits like lower saturated fat, no cholesterol, and high protein content, catering to health-conscious and environmentally aware consumers. For instance, in June 2025, Redefine Meat, a Netherlands-based plant-based meat company, launched an updated line of plant-based burgers and beef mince across Europe, featuring up to 90% less saturated fat, protein content of 11–16 g per 100 g, and texture and taste engineered to closely mimic traditional meat. These innovations allow consumers to enjoy a meat-like experience with reduced environmental impact and enhanced nutritional value.
Major Companies Profiled In The Plant-Based-Meat Market Report
Major companies operating in the plant-based-meat market are Beyond Meat Inc., Impossible Foods Inc., Maple Leaf Foods Inc., Quorn Foods Ltd., Amy’s Kitchen Inc., Greenleaf Foods LLC, Don Lee Farms Inc., Atlantic Natural Foods LLC, Ojah BV, Tofurky Inc., The Very Good Food Company Inc., Gold & Green Foods Ltd., Hungry Planet Inc., No Evil Foods Inc., Ocean Hugger Foods Inc., Sophie’s Kitchen Inc., VBites Foods Ltd., Good Catch Foods Inc., Dr. Praeger’s Sensible Foods Inc., Sunfed Meats Ltd., LikeMeat GmbH
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Where Does The Plant-Based-Meat Market Generate The Most Revenue?
Asia-Pacific was the largest region in the plant-based meat market in 2025. Western Europe was the second-largest region in the global plant-based-meat market. The regions covered in the plant-based-meat market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
