Plant-Based Meat Market

The plant-based meat market consists of food products manufactured from plant ingredients designed to mimic the taste, appearance, and texture of animal-derived meat. The primary customers are health-conscious consumers, particularly younger generations, and individuals motivated by ethical concerns over animal welfare. Key growth drivers include the rising consumer awareness of health risks associated with red meat, growing concerns for animal treatment in industrial farming, and the environmental impact of traditional meat production.

CAGR

19.7%

Compound Annual Growth Rate

Current Value

$12.9B

Estimated 2026

Projected Value

$54.5B

By 2034

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