{"id":1099,"date":"2023-08-04T12:34:03","date_gmt":"2023-08-04T12:34:03","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=1099"},"modified":"2023-08-04T12:35:56","modified_gmt":"2023-08-04T12:35:56","slug":"global-plant-based-meat-market","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/global-plant-based-meat-market\/","title":{"rendered":"Global Plant-based Meat Market"},"content":{"rendered":"\n<p><strong>Plant based meat <\/strong>resembles meat in terms of appearance, texture, and flavor but is manufactured entirely of plant-based ingredients.<\/p>\n\n\n\n<p>It is also referred to as <strong>vegetarian meat<\/strong>, <strong>mock meat<\/strong>, <strong>vegan meat<\/strong>, <strong>meat<\/strong> <strong>analogue<\/strong>, and <strong>meat substitute<\/strong>.<\/p>\n\n\n\n<p>The consumption of plant-based meat products is more prominent in the <strong>vegan<\/strong> <strong>diet<\/strong>.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Market Size And Potential Growth<\/h5>\n\n\n\n<p>In <strong>2022<\/strong>, the <strong>Global Plant based Meat market <\/strong>was valued at <strong>$4.40 billion <\/strong>and is set to grow to <strong>$5.23 billion<\/strong> by the end of <strong>2023.<\/strong><\/p>\n\n\n\n<p>The Global Plant-based Meat market is expected to reach <strong>$24.80 billion <\/strong>by <strong>2030,<\/strong> growing at an approximate <strong>CAGR<\/strong> of <strong>24.9%<\/strong> during the forecast period.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"482\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-1024x482.jpg\" alt=\"Global Plant-Based Meat Market Size During 2022-2030 ($Billion) - Innovius Research\" class=\"wp-image-1102\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-1024x482.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-300x141.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-768x362.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-1536x723.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-2048x964.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide1-15-1568x738.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Global Plant-Based Meat Market Size During 2022-2030 ($Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>Rising consumer demand for healthy and organic products, plant-based diets, and animal rights awareness from welfare organizations will likely fuel market expansion.<\/p>\n\n\n\n<p>In 2022, the <strong>North American <\/strong>region dominated the market. An increase in the production of plant-based meat in the <strong>US<\/strong> will be fueled by growing consumer health awareness and increasing environmental concerns over meat consumption.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Reasons why consumers have not tried plant-based meat<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"436\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-1024x436.jpg\" alt=\"\" class=\"wp-image-1103\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-1024x436.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-300x128.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-768x327.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-1536x654.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-2048x872.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide2-13-1568x667.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Market \u2013 Dynamics &amp; Segmentation<\/h5>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h5 class=\"wp-block-heading\">DRIVERS<\/h5>\n\n\n\n<p>\u279f Rise in consumer awareness of environment and health <\/p>\n\n\n\n<p>\u279f Increased adoption of vegan lifestyles<\/p>\n\n\n\n<p>\u279f The growing number of plant-based alternative startups<\/p>\n\n\n\n<p>\u279f Increasing concerns about animal slaughter<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h5 class=\"wp-block-heading\">CHALLENGES<\/h5>\n\n\n\n<p>\u279f Expensive when compared to conventional meat <\/p>\n\n\n\n<p>\u279f Use of unhealthy or unnatural preservatives and additives<\/p>\n\n\n\n<p>\u279f Availability of Inexpensive Conventional Meat and Plant-based Foods <\/p>\n<\/div>\n<\/div>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Global Plant Based Meat Segmentation \u2013 By Storage<\/h5>\n\n\n\n<p>In <strong>2022<\/strong>, the <strong>Frozen Plant based Meat <\/strong>product segment dominated the market with <strong>56.48%<\/strong> of global revenue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"393\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-1024x393.jpg\" alt=\"Share of Global Plant Based Meat Market \u2013 By Storage, 2022 (%) - Innovius Resaerch\" class=\"wp-image-1104\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-1024x393.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-300x115.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-768x295.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-1536x590.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-2048x786.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide3-12-1568x602.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Share of Global Plant Based Meat Market \u2013 By Storage, 2022 (%)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>The fastest-growing market is <strong>Refrigerated<\/strong> <strong>Plant based Meat <\/strong>products, estimated to grow at an approximate CAGR of <strong>20.2% <\/strong>during the forecast period.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Global Plant Based Meat Segmentation \u2013 By Source<\/h5>\n\n\n\n<p>By <strong>2030<\/strong>, the <strong>Soy<\/strong> segment is predicted to lead as a top source, with a share of around <strong>37%<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"435\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-1024x435.jpg\" alt=\"Share of Global Plant-Based Meat Market \u2013 By Source, 2030 (%) - Innovius Research\" class=\"wp-image-1105\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-1024x435.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-300x127.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-768x326.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-1536x653.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-2048x870.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/08\/Slide4-9-1568x666.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Share of Global Plant-Based Meat Market \u2013 By Source, 2030 (%)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>Soy is a <strong>high-quality source of plant-based fiber <\/strong>and protein widely used to make burgers and sausages; hence, it will likely dominate the market.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>Do <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\"><strong>Subscribe<\/strong><\/a> to our <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\"><strong>#WeeklyMarketInsights<\/strong><\/a> for FREE <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\">here<\/a>.<\/em><\/p>\n\n\n\n<p>Read more insights <a href=\"https:\/\/www.innoviusresearch.com\/blog\/\" title=\"here\">here<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Data Sources<\/strong>: <a href=\"http:\/\/bcg.com\" target=\"_blank\" rel=\"noopener\" title=\"BCG\">BCG<\/a>, <a href=\"http:\/\/statista.com\" target=\"_blank\" rel=\"noopener\" title=\"Statista\">Statista<\/a>, <a href=\"http:\/\/industryarc.com\" target=\"_blank\" rel=\"noopener\" title=\"Industry ARC\">Industry ARC<\/a>, <a href=\"http:\/\/yoh.com\" target=\"_blank\" rel=\"noopener\" title=\"Yoh\">Yoh<\/a>, <a href=\"http:\/\/robertwaltersgroup.com\" target=\"_blank\" rel=\"noopener\" title=\"Robert Walters Group\">Robert Walters Group<\/a>, <a href=\"http:\/\/indigohire.com\" target=\"_blank\" rel=\"noopener\" title=\"Indigohire\">Indigohire<\/a>, <a href=\"http:\/\/globalmarketestimates.com\" target=\"_blank\" rel=\"noopener\" title=\"Global Market Estimates\">Global Market Estimates<\/a>, <a href=\"http:\/\/techfunnel.com\" target=\"_blank\" rel=\"noopener\" title=\"Techfunnel\">Techfunnel<\/a>, and others<\/p>\n\n\n\n<p>Get in-depth <strong>Market Research for any industry<\/strong> to understand the Market Size, Competitors, Trends, Drivers and Challenges, Future forecasts, SWOT analysis, TAM, SAM or SOM, and much other information in detail. <a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\"><strong>Get in touch with us today<\/strong><\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Other Market Insights<\/strong><\/p>\n\n\n<div class=\"monsterinsights-widget-popular-posts monsterinsights-widget-popular-posts-charlie monsterinsights-popular-posts-styled monsterinsights-widget-popular-posts-columns-2\"><ul class=\"monsterinsights-widget-popular-posts-list\"><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/information-communication-technology\/smart-bathrooms-for-your-smart-homes\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Smart Bathrooms for your Smart Homes<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/us-accounting-industry-overview\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >US Accounting Industry Overview<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/the-global-luxury-goods-market-is-booming\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >The Global Luxury Goods Market is Booming<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/football-meets-innovation-inside-europes-booming-broadcast-tech-market\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Football Meets Innovation: Inside Europe\u2019s Booming Broadcast Tech Market<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/fintech\/the-ai-in-indian-fintech-revolutionizing-fraud-detection-credit-scoring\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >The AI in Indian Fintech: Revolutionizing Fraud Detection &amp; 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It is also referred to as vegetarian meat, mock meat, vegan meat, meat analogue, and meat substitute. The consumption of plant-based meat products is more prominent in the vegan diet. Market Size And Potential Growth In&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/global-plant-based-meat-market\/\">Continue reading <span class=\"screen-reader-text\">Global Plant-based Meat Market<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":1108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[46,10],"tags":[],"class_list":["post-1099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-food-beverages","category-market-report","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=1099"}],"version-history":[{"count":5,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1099\/revisions"}],"predecessor-version":[{"id":1111,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1099\/revisions\/1111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media\/1108"}],"wp:attachment":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=1099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=1099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=1099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}