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Plant-based Meals Market Size

  • Report ID: GMI7244
  • Published Date: Oct 2023
  • Report Format: PDF

Plant-based Meals Market Size

Plant-based Meals Market size was valued at USD 52.4 billion in 2023 and is anticipated to register a CAGR of over 18.1% between 2024 and 2032. Increasing awareness of the health benefits associated with plant-based diets, such as reduced risk of chronic diseases and better weight management, has driven the adoption of plant-based meals.

 

In addition, growing concerns about the environmental impact of animal agriculture, including greenhouse gas emissions and deforestation, have led many consumers to seek more sustainable and eco-friendly food options.

 

The plant-based diets can lack certain nutrients, like vitamin B12, iron, and omega-3 fatty acids, which are more readily available in animal-based products. This can raise nutritional concerns for some individuals. Traditional dietary habits and cultural preferences for animal-based foods can make it difficult for some individuals to transition to plant-based diets.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of plant-based meals reached USD 52.4 billion in 2023 and is set to surpass USD 230.84 billion by 2032, favored by the increasing awareness of the health benefits associated with plant-based diets.

The dairy alternative segment accounted for USD 15.7 billion in 2022, as they are often perceived as healthier options because they tend to be lower in saturated fats and cholesterol compared to traditional dairy products.

North America market size was valued at USD 17.74 billion in 2022, owing to the growing awareness of the environmental impact of animal agriculture, such as deforestation, greenhouse gas emissions, and water usage.

Beyond Meat, Impossible Foods, Danone, Unilever, Kellogg, The Hain Celestial Group, Campbell Soup, Archer Daniels Midland (ADM), Cargill, SunOpta, The Vegetarian Butcher, and Sweet Earth.

Plant-based Meals Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 285
  • Countries covered: 21
  • Pages: 180
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