Global Plant-Based Meat Market to Surpass $30 Billion by 2032 Driven by Sustainability, Flexitarian Diets, and Innovation

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Industry Experts, Inc. has unveiled its latest market research report, "Plant-Based Meat - A Global Market Overview," which forecasts that the global plant-based meat market will nearly triple from US$10.4 billion in 2025 to US$30.4 billion by 2032, growing at a CAGR of 16.5% during the period. The surge is being powered by shifting dietary patterns, environmental concerns, and sustained advances in product development.

Consumers worldwide are increasingly embracing flexitarian lifestyles, aiming to reduce conventional meat consumption without sacrificing taste or nutrition. This has accelerated demand for plant-based alternatives that mimic the sensory attributes of meat while offering lower cholesterol, fewer saturated fats, and a reduced carbon footprint. Foodservice adoption at major quick-service and casual dining chains is expanding availability, while retail placement across frozen, refrigerated, and fresh sections enhances visibility. At the same time, cleaner ingredient lists, higher protein content, and innovations in extrusion, fermentation, and plant-derived fats are strengthening consumer trust and broadening mainstream acceptance.

North America is set to remain the largest regional market, capturing 35.9% share in 2025, as health, sustainability, and animal welfare concerns align with robust retail and e-commerce ecosystems. Meanwhile, Asia-Pacific will be the fastest-growing market at a CAGR of 18.7% between 2025 and 2032, with urbanization, rising incomes, and government-backed sustainability campaigns in China, India, and Southeast Asia providing a major boost.

By source, Soy Protein dominates the market with 41.1% share in 2025, benefiting from affordability, amino acid completeness, and versatility across formats; it is also expected to grow the fastest (23.6% CAGR) during the forecast period. By type, Plant-Based Chicken remains the most popular at 34% share in 2025, while Plant-Based Fish will grow the quickest (19.3% CAGR) as consumers increasingly seek sustainable seafood substitutes. Among products, Burger Patties hold the lead at 36.8% share, though Nuggets, Tenders & Cutlets will expand fastest (18.6% CAGR) given their familiarity and popularity among both families and foodservice operators. In storage formats, Frozen Plant-Based Meat accounts for 64.2% of 2025 demand, whereas Refrigerated Plant-Based Meat posts the fastest growth (17.5% CAGR) on premium positioning. Distribution is dominated by Supermarkets/Hypermarkets with 49.3% share in 2025, while Online Retail surges ahead with a projected 21.3% CAGR.

The report provides comprehensive analysis by source (Blends; Pea; Soy; Wheat/Seitan; Others), type (Plant-Based Beef; Chicken; Fish; Pork; Others), product (Burger Patties; Grounds; Meatballs; Nuggets/Tenders/Cutlets; Sausages; Strips; Others), storage (Frozen; Refrigerated; Shelf-Stable), and distribution channel (Food Service; Online; Specialty Stores; Supermarkets/Hypermarkets). Geographic scope spans five regions with coverage of 20+ countries. Profiles of 55+ companies are included, such as Beyond Meat, Impossible Foods, Nestle, JBS, Tyson Foods, Maple Leaf Foods, Quorn Foods, Conagra, MorningStar Farms, Green Monday, V2food, Marlow Foods, and others.

For sample pages or purchase options, contact +1-320-497-3787 or visit Plant-Based Meat Market Report

About Industry Experts, Inc.
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders - corporate strategists, analysts, researchers, and startups, among others - in obtaining unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com.

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