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The plant-based meat market size is forecast to increase by USD 27.29 billion at a CAGR of 36.92% between 2023 and 2028. The market is witnessing significant growth due to the rising demand for alternative food options that mimic the look, sizzle, and satisfaction of traditional animal-derived products. Consumers are increasingly concerned about the use of hormones, nitrates, and GMOs in meat production, leading them to opt for plant-based alternatives. Nitrites, often used for preservation and color enhancement in meat products, are a concern due to their potential health risks. Additionally, the presence of gluten, animal fats, and cholesterol in meat is driving the demand for plant-based alternatives that offer similar protein content without negative health implications. Veggie bacon and plant-based sausages are gaining popularity as viable alternatives to their animal-derived counterparts. The market is expected to grow further with continuous innovation in the development of plant-based protein products that closely resemble the taste, texture, and appearance of animal meat.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Foodservice System
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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