Plant-Based-Meat Market Report 2026

The plant-based-meat market size has grown rapidly in recent years. It will grow from $11.47 billion in 2025 to $13.09 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to increasing consumer interest in meat reduction diets, expansion of flexitarian lifestyles, growing awareness of environmental impacts of meat consumption, expansion of food innovation startups, increased availability of plant protein ingredients.

The plant-based-meat market size is expected to see rapid growth in the next few years. It will grow to $22.37 billion in 2030 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing adoption of plant-based meat in mainstream diets, rising investment in food technology innovation, expansion of foodservice partnerships, growing focus on clean-label plant-based meats, continuous improvement in sensory quality and affordability. Major trends in the forecast period include advancements in meat-like texture replication, rising demand for high-protein alternatives, expansion of culinary variety and flavor profiles, growing use of novel plant protein blends, increased focus on nutritional parity with meat.

The expansion of the food and beverage service industry is anticipated to drive the growth of the plant-based meat market in the coming years. The food and beverage service industry includes a broad array of businesses and establishments, such as restaurants, that are engaged in preparing, serving, and delivering food and beverages to consumers. Plant-based meat products are being increasingly adopted within the food and beverage sector as a favored substitute for conventional animal-derived meat. These products replicate the taste, texture, and visual appeal of meat while being made entirely from plant-based ingredients. For example, in July 2025, data from Agriculture and Agri-Food Canada, a Canada-based government department, indicated that in 2024 the food and beverage processing sector continued to be Canada’s largest manufacturing industry by production value, producing $173.4 billion worth of goods. This accounted for 20.3% of total manufacturing sales and contributed 1.6% to the country’s GDP. Exports of processed food and beverage products reached a historic high of $59.8 billion, reflecting a 3.8% increase from 2023 and representing 34.5% of the sector’s total production value. Consequently, the expansion of the food and beverage service industry is fueling the growth of the plant-based meat market.

Leading companies in the plant-based meat market are prioritizing the development of innovative offerings, including next-generation plant-based burgers and beef mince, to address the growing demand for healthier, sustainable, and ethically sourced meat alternatives. These next-generation products are created using plant-based proteins designed to closely imitate the taste, texture, and appearance of traditional meat, while delivering advantages such as reduced saturated fat, zero cholesterol, and high protein levels, appealing to health-focused and environmentally conscious consumers. For instance, in June 2025, Redefine Meat, a Netherlands-based plant-based meat producer, introduced an enhanced range of plant-based burgers and beef mince across Europe, offering up to 90% lower saturated fat, protein levels of 11-16 g per 100 g, and taste and texture engineered to closely resemble conventional meat. Such innovations allow consumers to enjoy a meat-like eating experience with lower environmental impact and improved nutritional benefits.

In June 2023, VFC Foods, a UK-based vegan food company, acquired Meatless Farm for an undisclosed sum. Through this acquisition, VFC Foods seeks to broaden its product range and reinforce its presence in the plant-based meat market by incorporating Meatless Farm’s brand, products, and customer base. Meatless Farm is a UK-based producer of plant-based meat alternatives made from soy and wheat protein, supplying both retail and foodservice markets.

Major companies operating in the plant-based-meat market are Beyond Meat Inc., Impossible Foods Inc., Maple Leaf Foods Inc., Quorn Foods Ltd., Amy’s Kitchen Inc., Greenleaf Foods LLC, Don Lee Farms Inc., Atlantic Natural Foods LLC, Ojah BV, Tofurky Inc., The Very Good Food Company Inc., Gold & Green Foods Ltd., Hungry Planet Inc., No Evil Foods Inc., Ocean Hugger Foods Inc., Sophie’s Kitchen Inc., VBites Foods Ltd., Good Catch Foods Inc., Dr. Praeger’s Sensible Foods Inc., Sunfed Meats Ltd., LikeMeat GmbH.

Asia-Pacific was the largest region in the plant-based meat market in 2025. Western Europe was the second-largest region in the global plant-based-meat market. The regions covered in the plant-based-meat 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-meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The plant-based meat market consists of sales of products in the form of a burger patty, crumbles, nuggets, sausages, and other plant-based meat products. 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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