Latest Market Research Report 2025

  Meat Substitutes Market Growth & Trends According to a comprehensive study released by Grand View Research, Inc., the global  meat substitutes market  is projected to attain a value of USD 234.66 billion by the year 2030. This market is expected to expand at a compound annual growth rate (CAGR) of 42.4% during the forecast period spanning from 2024 to 2030. This anticipated growth is largely attributed to the increasing shift in consumer preferences toward vegan and plant-based diets, fueled by rising awareness of the associated health advantages. Additionally, growing concern regarding environmental degradation and ethical issues related to conventional meat production has significantly accelerated the demand for meat substitute products. Plant-based meat alternatives are increasingly being recognized as healthier options compared to traditional animal-based meat. A substantial proportion—over 50% of protein consumers—now express a strong p...

The global meat substitutes market   was valued at USD 18.78 billion in 2023 and is expected to grow at an impressive compound annual growth rate (CAGR) of 42.4% from 2024 to 2030. This exponential growth can be attributed to several shifting global trends, such as an increasing preference for plant-based diets, growing awareness of the health risks associated with meat consumption, and the rise of ethical and environmental concerns related to animal agriculture. As more consumers adopt vegan and flexitarian lifestyles, the demand for plant-based meat substitutes has surged.   The primary driver of growth in the meat substitutes market is the increasing adoption of plant-based diets. More individuals are reducing or eliminating animal products from their diets due to concerns about health, animal welfare, and the environment. According to a 2023 study by Soylent, 68.1% of those adopting veganism are motivated by animal welfare ,  17.4% for health reasons, a...

The   global meat substitutes market   was valued at   USD 18.78 billion in 2023   and is projected to experience remarkable growth, with an expected compound annual growth rate (CAGR) of   42.4% from 2024 to 2030 . This rapid expansion is largely attributed to the rising popularity of diets that either reduce or completely eliminate animal products. As more individuals embrace   vegan lifestyles , awareness of the health risks associated with meat consumption, alongside concerns regarding the ethical and environmental impacts of animal agriculture, is driving this trend. A   2023 study by Soylent   revealed that   68.1%   of individuals who adopt veganism are primarily motivated by animal welfare, while   17.4%   cite health reasons and   9.7%   are concerned about environmental sustainability. Furthermore, the increasing recognition of the  flexitarian diet —which emphasizes plant-based eating while allowing fo...

The global meat substitutes market was valued at USD 18.78 billion in 2023 and is expected to grow at an impressive compound annual growth rate (CAGR) of 42.4% from 2024 to 2030. The rise in popularity of diets that reduce or eliminate animal products is a significant factor driving this growth. A growing number of individuals are adopting vegan lifestyles due to heightened awareness of the health risks associated with meat consumption and the ethical and environmental consequences of animal agriculture. A 2023 study by Soylent revealed that 68.1% of vegans are motivated by animal welfare, while 17.4% adopt the lifestyle for health reasons, and 9.7% for environmental and sustainability concerns. Moreover, concerns about animal-borne diseases have raised public awareness about the potential health risks of consuming animal products, resulting in a decline in their consumption. As consumers become more aware of meat substitutes, they are increasingly turning to these alternatives, recogn...