Global Plant-Based Meat Market Valued at USD 10.2 Billion in 2022, Expected to Grow at a CAGR of 20.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Plant-based Meat market size accounted for USD 10.2 Billion in 2022, growing at a CAGR of 20.2% from 2023 to 2033. The plant-based meat market refers to the segment of the food industry that focuses on the production, distribution, and consumption of meat substitutes made from plant-based ingredients. Plant-based meat products are designed to mimic the taste, texture, and appearance of conventional meat while offering a more sustainable and environmentally friendly alternative. The plant-based meat market has experienced significant growth in recent years, driven by various factors such as increasing consumer demand for plant-based products, concerns over environmental sustainability, ethical considerations, and health consciousness.

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Key Highlights:

  • The global Plant-based Meat Market size was valued at USD 2 billion in 2022 growing at a CAGR of 20.2% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Plant-based Meat Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

In terms of COVID 19 impact, the Plant-based Meat market report also includes the following data points:

  • COVID19 Impact on Plant-based Meat market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Plant-based Meat market

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Key Players

Some of the major Plant-based Meat players holding high market share include Pinnacle Foods Inc. (Conagra Brands, Inc.), Amy’s Kitchen, Inc., Atlantic Natural Foods, Inc., and Lightlife Foods, Inc These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Pinnacle Foods Inc. (Conagra Brands, Inc.)
  • Amy’s Kitchen, Inc.
  • Atlantic Natural Foods, Inc.
  • Lightlife Foods, Inc.
  • Schouten Europe B.V.
  • Sweet Earth, Inc.
  • Impossible Foods Inc.
  • The Kraft Heinz Company
  • Hain Celestial
  • Beyond Meat.
  • Pacific Foods of Oregon, LLC
  • Monde Nissin
  • Kellogg’s Company
  • Fry Family Food

Segmental Analysis

Market Segment By Product with focus on market share, consumption trend, and growth rate of Plant-based Meat Market:

  • Tofu
  • Tempeh
  • Seitan
  • Others

Market Segment By Source with focus on market share, consumption trend, and growth rate of Plant-based Meat Market:

  • Soy
  • Pea
  • Wheat
  • Others

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of the Plant-based Meat Market:

  • Indirect
  • Direct
Parameters Details
Market Size (2022) $ 10.2 Billion
CAGR (2023 to 2033) 20.2%
Market Segmentation Product, Source, Distribution Channel
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Global Plant-based Meat Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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