Nils-Gerrit Wunsch
Research expert covering food trends in North America, Europe, and the global food system
Get in touch with us nowGlobal meat substitutes market revenue 2016-2027
In 2022, the market value of plant based-meat worldwide was estimated to be worth 10.11 billion U.S. dollars. This figure is estimated to steadily increase over the next few years and reach roughly 33.99 billion in 2027.
Plant-based meat refers to products that are designed to be like meat in taste, texture, smell, and appearance. Such products can be in the form of burgers, ground meat, sausages, nuggets, or seafood. Plant-based meat products are becoming increasingly popular. In the United States, for example, retail sales of plant-based meat have grown by 45 percent in 2020. The most frequently purchased plant-based meat product in the United States are traditional veggie burgers and beef style alternatives. Fish or seafood, and pork alternatives are purchased the least.
In 2023, the plant-based meat market of the ASEAN countries is forecast to grow by 14.6 percentage points.
Plant-based Meat
Plant-based meat refers to products that are designed to be like meat in taste, texture, smell, and appearance. Such products can be in the form of burgers, ground meat, sausages, nuggets, or seafood. Plant-based meat products are becoming increasingly popular. In the United States, for example, retail sales of plant-based meat have grown by 45 percent in 2020. The most frequently purchased plant-based meat product in the United States are traditional veggie burgers and beef style alternatives. Fish or seafood, and pork alternatives are purchased the least.
Plant-based Meat worldwide
In 2023, the plant-based meat market of the ASEAN countries is forecast to grow by 14.6 percentage points.
