Global Meat Analogue Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Vegetable-Based - Soy Bean, Mushrooms, Cauliflower and Peas, Fruit-Based - Jackfruit and Egg Plant, Grain-Based - Wheat and Others, Dairy-Based - Milk, and Others.

By Category;

Frozen, Refrigerated, and Shelf-stable.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn471388477 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Meat Analogue Market (USD Million), 2021 - 2031

In the year 2024, the Global Meat Analogue Market was valued at USD 11582.09 million. The size of this market is expected to increase to USD 30808.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.0%.

The global meat analogue market has seen rapid growth in recent years, driven by changing consumer preferences and an increasing awareness of the environmental and health impacts of traditional meat consumption. Meat analogues, which are plant-based products designed to resemble the taste, texture, and appearance of real meat, are gaining popularity among consumers who are looking for more sustainable and ethical food choices. These products cater not only to vegans and vegetarians but also to flexitarians who seek to reduce their meat consumption without compromising on flavor or nutrition. As the demand for meat alternatives continues to rise, the market for meat analogues is expected to expand significantly.

Technological advancements in food processing and the use of plant-based ingredients are central to the development of high-quality meat analogues. Innovations in protein extraction, flavor enhancement, and texture modification are enabling manufacturers to create products that closely mimic the sensory qualities of meat. The use of ingredients such as soy, pea protein, mycoprotein, and wheat gluten has paved the way for a wide variety of meat analogue products, ranging from burgers and sausages to nuggets and deli slices. As more companies enter the market and consumer preferences evolve, the variety and availability of meat analogue products are expected to continue to grow.

The global meat analogue market is not limited to developed regions like North America and Europe; it is also seeing growth in emerging markets as consumers in countries like China, India, and Brazil begin to explore plant-based alternatives. This growth is driven by factors such as increasing disposable incomes, greater exposure to global food trends, and the rise of foodservice offerings featuring meatless options. As environmental sustainability and health consciousness continue to influence food choices worldwide, the meat analogue market is well-positioned for further expansion, with new innovations and product categories likely to emerge in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Category
    3. Market Snapshot, By Region
  4. Global Meat Analogue Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Meat Analogue Market, By Source, 2021 - 2031 (USD Million)
      1. Vegetable Based
        1. Peas
        2. Cauliflower
        3. Mushrooms
        4. Soy Bean
      2. Fruit-Based
        1. Jackfruit
        2. Egg Plant
      3. Grain-Based
        1. Wheat
        2. Others
      4. Dairy-Based
        1. Milk
        2. Others.
    2. Global Meat Analogue Market, By Category, 2021 - 2031 (USD Million)
      1. Frozen
      2. Refrigerated
      3. Shelf-stable
    3. Global Meat Analogue Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Royal FrieslandCampina N.V.
      2. Beyond Meat
      3. Marlow Foods Ltd.
      4. Meatless BV
      5. VBites Foods Limited
      6. Kellogg NA Co
  7. Analyst Views
  8. Future Outlook of the Market