FAQs
In 2023, the market value of plant-based meat substitutes worldwide was estimated to be worth 10.15 billion U.S. dollars. This figure is estimated to steadily increase over the coming years and reach roughly 16.78 billion in 2028.
What is the volume of the meat substitutes market worldwide from 2018 to 2028? ›
The global volume in the 'Meat Substitutes' segment of the food market was forecast to continuously increase between 2024 and 2028 by in total 254.2 thousand tons (+34.93 percent).
What is the global market for meat substitutes? ›
The global plant-based meat market is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027.
What is the value of the meat substitute market? ›
The Global Meat Substitute Market size was estimated at USD 10.1 Billion in 2023 and is expected to hit around USD 233.87 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 42.1% from 2023 to 2030.
What is the meat alternatives market forecast? ›
The global meat substitutes market is projected to expand at a substantial CAGR of more than 11% from 2021 to 2027. Growing consumer awareness about health and weight management is a key factor driving market growth. Additionally, rising demand in developing economies is expected to further propel market expansion.
How big is the global meat market? ›
The Global Meat Products Market Size was valued at USD 46.59 Billion in 2022 and the Worldwide Meat Products Market Size is expected to reach USD 97.64 Billion by 2032, according to a research report published by Spherical Insights & Consulting.
How big is the meat alternative market? ›
Meat Substitutes Market Size & Trends
The global meat substitutes market size was valued at USD 18.78 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 42.4% from 2024 to 2030.
What is the most common meat substitute? ›
Protein rich plant foods
Some whole foods, such as beans, lentils, chickpeas, and mushrooms, contain protein or have a meaty texture and can work well as meat substitutes. Food manufacturers often include these types of food in their vegetarian and vegan products.
Are meat substitutes expensive? ›
Plant-based beef alternatives costed more and were priced at around 6.7 U.S. dollars per pound, compared to the cost of beef which was around five U.S. dollars per pound. This disparity showed across the board, with plant-based alternatives costing more than animal-based meat in all categories.
What are the statistics on meat alternatives? ›
Plant-based meat and seafood's market share was ~1 percent of the total meat category in 2023. In 2023, plant-based meat and seafood's share was 1.8 percent of total retail packaged meat dollar sales or 0.9 percent of the total meat category* (including random-weight meat), down very slightly from 2022.
The American Heart Association (AHA) advises that eating more plant protein instead of meat may improve heart health. However, some plant-based products contain fillers and added sodium and may be high in saturated fats.
Are meat substitutes really better for the environment than meat? ›
High impact of meat consumption can be reduced with substitute products. Plant-based meat substitutes have on average 50% lower environmental impact.
Who buys meat substitutes? ›
The rapidly growing number of people who eat a reduced-meat (flexitarian), vegetarian or vegan diet for these reasons is probably the biggest contributor to the growth of the market for meat substitutes: Of the 15- to 29-year-olds in Germany surveyed for the Böll Foundation's "Fleischatlas," (Meat Atlas) 38% already ...
What is the outlook for meat alternatives? ›
The global plant-based beef market was valued at $2.1 billion in 2022 and is projected to reach $16.1 billion by 2032 (Future Market Insights, 2022a). The main plant-based beef alternatives are burgers, meatballs, and ground beef. Among them, burger patties lead the market.
What is the trend in meat alternatives? ›
Demand for plant-based meat substitutes is on the rise, with a 10% sales growth in 2021 compared to 2% for meat products. The authors believe that the target market for non-meat alternatives is flexitarians —– meat consumers open to dietary substitutions.
What will replace meat in the future? ›
Plant-based meat analogues, edible insects, and cultured meat are promising major meat alternatives that can be used as protein sources in the future.
How big is the cultured meat market in 2030? ›
Cultured Meat Industry Prospective:
The global cultured meat market size was worth around USD 221.47 million in 2022 and is predicted to grow to around USD 592.69 million by 2030 with a compound annual growth rate (CAGR) of roughly 13.11% between 2023 and 2030.
How big is the global cultivated meat market? ›
The global cultured meat market size was valued at USD 246.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030.
What is the worldwide trend in meat consumption? ›
World meat consumption has quadrupled since 1961 in absolute and per capita terms [1], although COVID-19 may reduce global availability [2]. The growing human population has encouraged expansion of livestock, with 80 billion animals slaughtered annually to produce 340 million tonnes of meat for human consumption [1].
How much meat is produced each year in the world? ›
According to Our World in Data, meat production has more than quintupled since 1961, reaching around 361 million tonnes in 2022. The most popular meat globally is poultry, followed by pork, beef and mutton. Over 90 billion animals are slaughtered each year for meat.
