Plant-Based Food Market Report 2026

The plant-based food market size has grown rapidly in recent years. It will grow from $64.14 billion in 2025 to $73.05 billion in 2026 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to rising consumer interest in health and wellness diets, increasing lactose intolerance and food allergies, expansion of vegetarian and vegan populations, growth of modern retail food distribution, availability of diverse plant protein sources.

The plant-based food market size is expected to see rapid growth in the next few years. It will grow to $124.36 billion in 2030 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to increasing focus on sustainable food systems, rising demand for fortified and functional plant-based foods, expansion of food technology innovation, growing penetration of plant-based foods in emerging markets, increased investment in alternative nutrition research. Major trends in the forecast period include expansion of plant-based protein product lines, rising demand for clean-label and natural foods, growing focus on nutritional fortification, increasing innovation in texture and taste enhancement, wider adoption of ready-to-eat plant-based foods.

The growing preference for plant-based food products is expected to propel the growth of the plant-based food market going forward. Plant-based food products are made entirely from plant-derived ingredients and are free from animal products or animal-derived components, including meat, dairy, eggs, and honey. These products typically consist of vegetables, fruits, grains, legumes, nuts, and seeds. The increasing adoption of plant-based foods is driven by multiple factors, including rising health consciousness, ethical concerns related to animal welfare, and growing awareness of the environmental impact of animal agriculture. Consumers perceive plant-based foods as healthier alternatives that support weight management, heart health, and overall well-being, while also aligning with sustainable and ethical consumption practices. For instance, in October 2024, according to the Good Food Institute (GFI), a US-based nonprofit organization, sales of plant-based foods across six key European countries increased by 5.5% to €5.4 billion in the previous year. Therefore, the growing consumer preference for plant-based food products is driving the growth of the plant-based food market.

Major companies operating in the plant-based food market are increasingly forming strategic partnerships to develop innovative products, expand manufacturing capabilities, and strengthen their competitive positioning. Strategic partnerships enable companies to leverage complementary expertise, technologies, and distribution networks to accelerate product development and market penetration. For example, in October 2023, Nelson-Jameson, a US-based food processing distributor, partnered with Vaess, a Netherlands-based food technology company, and Lallemand Specialty Cultures, a US-based specialty cultures manufacturer, to expand plant-based manufacturing solutions. This collaboration focuses on supporting companies producing plant-based and hybrid products by offering enhanced processing solutions and broader product portfolios, addressing the growing demand for diversity among food manufacturers.

In June 2023, KWS SAAT SE & Co. KGaA, a Germany-based plant breeding company, entered into a multiyear partnership with VF Nutrition GmbH (vly), a Germany-based food technology company specializing in pea-protein-based dairy alternatives. Through this partnership, the companies aim to improve the taste, texture, and processing performance of pea protein ingredients, thereby supporting the expanding market for plant-based dairy alternatives and related food products.

Major companies operating in the plant-based food market are Beyond Meat Inc., Impossible Foods Inc., Quorn Foods Ltd., Oatly Group AB, Amy’s Kitchen Inc., Hain Celestial Group Inc., Gold & Green Foods Ltd., Turtle Island Foods SPC, Daiya Foods Inc., Atlantic Natural Foods LLC, Fry Family Food Co., Tofutti Brands Inc., VBites Foods Ltd., Sunfed Meats Ltd., Garden Protein International Inc., Kite Hill Foods Inc., LikeMeat GmbH, Cauldron Foods Ltd., So Delicious Dairy Free, Soylent Inc., Laird Superfood Inc., Vitalite Foods Ltd.

North America was the largest region in the plant-based food market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global plant-based food market during forecast period. The regions covered in the plant-based food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plant-based food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The plant-based food market consists of sales of tofu, bread, plant-based protein powder, cheese, and mock meat. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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