Plant-based Meatballs Market Analysis

The plant-based meatballs market size from soy-based dominated around USD 58.3 million in 2022. Soy-based meatballs are known for their high protein content, making them an attractive option for consumers looking for protein-rich plant-based alternatives. Soy-based proteins can be processed to mimic the texture and mouthfeel of traditional meatballs, providing a familiar culinary experience for consumers.

Frozen segment accounted for 40% of the plant-based meatballs market share in 2022. Frozen plant-based meatballs have a longer shelf life compared to fresh alternatives. Consumers appreciate the extended storage time, allowing them to keep the product on hand for future use, reducing food waste.

Online retail segment in the plant-based meatballs market is anticipated to expand at 12.7% CAGR through 2032. E-commerce platforms provide a convenient way for consumers to access plant-based meatballs, especially for those in regions with limited physical store options or with specific dietary needs.

U.S. plant-based meatballs market held over USD 37.5 million revenue in 2022. North American consumers are increasingly concerned about health and wellness, leading to a growing interest in plant-based diets. Plant-based meatballs offer a healthier alternative to traditional meatballs, with lower saturated fat and cholesterol content. The market size for plant-based meat in the U.S. is projected to observe 25% CAGR during the forecast period.