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Plant-based meat market set to reach USD 54.49 billion by 2034
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Friday, 05 December, 2025, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The global plant-based meat market is witnessing rapid growth as consumers increasingly seek healthier, sustainable alternatives to traditional meat. These products are designed to mimic the taste, texture, and appearance of animal meat while being completely plant-derived. Beyond vegetarians and vegans, they also appeal to flexitarians people who wish to reduce meat consumption without giving it up entirely. With continuous improvements in flavour, texture, and variety, plant-based meat is becoming widely available in grocery stores, restaurants, and home kitchens.
Plant-based meat is made from plant proteins such as soy, peas, wheat, chickpeas, beans, and mushrooms. The goal is to provide products that cook, taste, and feel like conventional meat, including burgers, sausages, nuggets, and minced options. For many, these products offer a way to enjoy familiar dishes while promoting healthier diets and reducing environmental impact.
According to Polaris Market Research, the plant-based meat market was valued at USD 9.03 billion in 2024 and is projected to reach USD 54.49 billion by 2034, growing at a CAGR of 19.7% between 2025 and 2034.
Types of Plant-Based Meat
- Soy-Based: Common in burgers and minced products due to its high protein content and versatility.
- Pea Protein-Based: Mild in taste and suitable for consumers with soy or gluten allergies.
- Wheat/Seitan-Based: Offers chewy, firm textures comparable to chicken or beef strips.
- Other Sources: Ingredients like jackfruit, mushrooms, chickpeas, and beans provide natural flavors and textures.
- End-Use Segments
- Retail: Frozen and chilled products are widely available for home cooking.
- Foodservice: Restaurants, cafes, and fast-food chains are incorporating plant-based options.
- Institutional: Schools, hospitals, and workplaces are adding plant-based choices to their menus.
Growing health awareness, environmental concerns, improved taste, and easier availability are key factors driving market growth. Consumers are seeking foods with cleaner ingredient lists, and companies are innovating with hybrid products, new protein sources, and plant-based seafood to meet evolving preferences.
As plant-based meat becomes more accessible, flavourful, and sustainable, it is set to play a central role in the future of global food consumption, contributing to healthier diets and environmentally responsible eating.
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