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Plant-based Meatballs Market Trends

Report ID: GMI6381
Published Date: Aug 2023
Report Format: PDF

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Plant-based Meatballs Market Trends

The growing popularity of plant-based diets, driven by health and environmental concerns, has resulted in an increased demand for plant-based meat alternatives, including meatballs. Consumers are increasingly seeking healthier and more sustainable protein sources, leading to greater acceptance of plant-based meatballs. The plant-based meat industry is witnessing a surge in product offerings, including a wide variety of plant-based meatball options. These offerings cater to diverse consumer preferences, dietary restrictions, and cultural tastes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Plant-based meatballs market size crossed USD 137.5 million in 2022 and is set to reach USD 552.4 million by the end of 2032, due to the growing awareness of health and wellness along with the rising concerns about environmental impacts of meat production worldwide.

Soy-based meatballs market reached USD 3.6 billion in 2022 and is expected to witness significant growth through 2032, owing to increasing demand for plant-based meatballs with high content of protein.

The online retail distribution channel segment will expand at 12.7% CAGR through 2032, attributed to growing demand for convenient availability of products in remote areas.

Some of the prominent plant-based meatball companies are Beyond Meat, Inc., Impossible Foods Inc., Gardein, MorningStar Farms, Lightlife Foods, Field Roast Grain Meat Co, Tofurky Company, and Quorn Foods.