Vegan Meat Market Size and Share

Vegan Meat Market Summary
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Vegan Meat Market Analysis by Mordor Intelligence

The vegan meat market size stands at USD 10.87 billion in 2025 and is on course to reach USD 21.42 billion by 2030, reflecting a 14.53% CAGR during the forecast period. This swift growth highlights a significant shift towards plant-based proteins, driven by rising health consciousness, environmental concerns, and advancements in food processing technology. While North America leads in revenue, the Asia-Pacific region dominates in volume growth, showcasing a trend where established markets prioritize product sophistication and emerging ones focus on affordability. Recent regulatory clarifications, like the FDA's 2024 labeling guidance, have dispelled market uncertainties, paving the way for new product launches and clearer claims. Concurrently, the rise of digital commerce is democratizing market access, enabling smaller brands to tap into niche consumer segments without the hefty costs of traditional shelf placements. Together, these dynamics paint a picture of a competitive yet opportunity-laden vegan meat market, set to more than double in size over the next five years. 

Key Report Takeaways

  • By product type, burger patties led with 35.27% of vegan meat market share in 2024; seafood analogues are forecast to post the fastest 12.82% CAGR to 2030.
  • By source, soy accounted for 60.31% of the vegan meat market size in 2024, while pea is projected to advance at an 11.75% CAGR through 2030.
  • By meat type, Poultry held 42.81% share of the vegan meat market size in 2024; others show the highest 13.47% CAGR outlook.
  • By distribution channel, supermarkets and hypermarkets claimed 49.62% revenue share in 2024, whereas online retail is expanding at a 14.92% CAGR to 2030.
  • By geography, North America commanded 40.75% of the vegan meat market size in 2024; Asia-Pacific is the fastest‐growing region with a 16.40% CAGR to 2030.

Segment Analysis

By Product Type: Burger Patties Claim Dominance, Seafood Analogues Accelerate

In 2024, burger patties claimed a 35.27% share of the vegan meat market, solidifying their status as the category's entry point. Their dominance stems from widespread appeal, versatility, and a robust presence in retail and foodservice. Major fast-food players, including Burger King and McDonald's, have rolled out plant-based burgers, amplifying their visibility and acceptance. Burger patties, recognized as a familiar and convenient meat substitute, resonate particularly with flexitarian and health-focused consumers. Quick-service restaurants have made plant-based burgers mainstream, often placing them alongside traditional beef patties on menus. Through aggressive co-branding with restaurant operators, these products maintain high visibility, a sentiment echoed by supermarkets with end-cap promotions.

Seafood analogues, while only a fraction of current sales, are advancing at a 12.82% CAGR through 2030, making them the fastest-rising product group within the vegan meat market. Driven by heightened consumer awareness of overfishing and sustainability, there's a rising demand for allergen-friendly, plant-based seafood. Both innovative startups and established brands are broadening their offerings, introducing products like fishless filets, crab cakes, and shrimp alternatives, all in tune with consumers' ethical and environmental concerns. Concerns over mercury levels and overfishing amplify the urgency. While premium pricing offsets R&D expenditures, partnerships with sushi chains are elevating once-niche products to coveted menu highlights.

Vegan Meat Market: Market Share by Product Type
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By Source: Soy Retains Leadership, Pea Strengthens its Trajectory

Soy accounted for 60.31% of the vegan meat market size in 2024, thanks to its complete amino profile, functional versatility, and entrenched supply lines. Multinationals enjoy decades of processing know-how, which keeps unit economics competitive. Still, GMO concerns and allergen labeling requirements compel some brands to seek supplementary proteins. Non-GMO certifications and regenerative farming partnerships have become common tactics to defend soy’s position in the vegan meat market.

Pea, clocking an 11.75% CAGR, is benefiting from an allergen-free halo and favorable life-cycle analysis. New wet-fractionation plants in Canada and France are boosting volumes and trimming extraction costs, which narrows the price gap with soy. Functional tweaks—such as pH-shifting and enzymatic treatment—have improved solubility and flavor neutrality, broadening use cases beyond powders into formed meat alternatives. The ingredient appeals strongly to clean-label shoppers, accelerating its share climb inside the vegan meat market.

By Meat Type: Poultry Dominate, Fish Leads Future Upside

In 2024, poultry captured 42.81% of the vegan meat market, underscoring the global prominence of poultry in diets. Nugget and tender formats streamline manufacturing, as their target texture resembles a homogenous matrix rather than whole muscle. Restaurants utilize these items for children's meals and snacks, broadening their appeal. Health-conscious consumers appreciate the reduced saturated fat content, leading to consistent repeat purchases. The versatility and global culinary integration of chicken alternatives, combined with consumer familiarity, drive their popularity. Quick-service restaurants and retail outlets prominently feature plant-based nuggets, tenders, and patties, aligning with mainstream preferences and convenience.

Others segment including fish analogues, forecasted to grow at a 13.47% CAGR, blend sustainability narratives with nutritional benefits, notably omega-3s. This growth is fueled by rising consumer awareness about ocean sustainability, concerns over mercury, and a dietary pivot towards pescatarian and flexitarian diets. The surge in realistic plant-based fish product development is especially notable in North America and Europe. Developers are turning to konjac, seaweed, and microalgae oils to replicate oceanic flavors and achieve translucent flakes. In Asia, where seafood is a culinary staple, regulatory support is bolstering the segment's legitimacy. Investors, eyeing the relatively uncharted competitive landscape, foresee greater returns here than in the saturated poultry market.

Vegan Meat Market: Market Share by Meat Type
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By Distribution Channel: Supermarkets Secure Volume, E-Commerce Builds Velocity

In 2024, supermarkets and hypermarkets accounted for 49.62% of total revenues, leveraging established cold-chain logistics and shoppers' habitual "comparison set" in meat aisles. Their vast reach, diverse product offerings, and consumer trust position them as the go-to channel for plant-based meat purchases. With dedicated plant-based sections and active in-store promotions, they solidify their dominance in this market. Branded end-caps and strategic cross-promotions with buns and condiments drive impulse purchases. Yet, limited shelf space imposes strict velocity thresholds, pushing slower-moving items out of rotation. Chain buyers are increasingly demanding slotting fees, steering smaller brands towards alternative sales channels.

Online stores are experiencing a robust 14.92% CAGR, driven by direct-to-consumer boxes and subscription services that smooth out demand fluctuations. The e-commerce boom, hastened by the COVID-19 pandemic, has significantly enhanced the accessibility of plant-based products. Both direct-to-consumer brands and grocery delivery services are seizing this momentum, catering to tech-savvy, health-conscious consumers with convenience and a broader selection. Digital platforms play a pivotal role for innovative SKUs that benefit from storytelling or niche dietary emphasis. Brands harness valuable first-party data—like purchase frequency and flavor preferences—to refine their offerings. In urban areas, same-day cold delivery alleviates freshness concerns, bolstering the channel's reputation for handling perishables.

Geography Analysis

North America contributes 40.75% of 2024 global sales, a lead anchored by high disposable income, early adopter behavior, and transparent regulatory oversight that emboldens label claims. Intensifying competition is encouraging margin defense through supply-chain integration and automation. Food-tech clusters in California, Colorado, and Ontario supply talent and capital, quickening technology transfer into commercial runs. Yet category penetration plateaus in some metropolitan zones, redirecting focus toward underserved suburban and rural pockets.

Asia-Pacific, advancing at 16.40% CAGR to 2030, is propelled by urbanization, rising middle-class wage growth, and growing exposure to Western food culture. Domestic champions in China and India are tailoring spice profiles and price points to local palates, compressing import dependence. Singapore's forward-looking novel-foods framework is nurturing a regional innovation corridor that draws multinationals and startups alike.[3]Allyson Plowright, "APAC's Appetite for Plant-Based Proteins Accelerates," greenqueen.com.hk Price considerations remain acute, yet government incentives tied to self-sufficiency and sustainability provide counterbalance.

Europe shows steady but less explosive growth, undergirded by stringent climate targets and agricultural subsidy reforms that reward low-carbon proteins. Labeling restrictions—such as "burger" or "sausage" bans—pose marketing headaches, pushing brands to use novel descriptors that resonate at shelf. The European Food Safety Authority's structured approval path for precision-fermented ingredients is gradually reducing regulatory uncertainty, inviting deeper capital commitments. Consumer willingness to pay premiums for traceable, humane protein remains a distinct advantage over price-sensitive regions. The Middle East and Africa and South America are seeing increased adoption of vegan meat, driven by rising health consciousness, environmental awareness, and evolving dietary preferences. Urbanization, a young population, and greater exposure to global food trends—particularly in countries like South Africa and the United Arab Emirates—are accelerating the adoption of plant-based meat. Health benefits, such as lower cholesterol and reduced cardiovascular risk, are key motivators.

Vegan Meat Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Scoring a 6 on a 10-point concentration scale, the vegan meat market showcases moderate consolidation with key players including Beyond Meat Inc, Impossible Foods Inc., Maple Leaf Foods Inc., Conagra Brands Inc., and Kellogg Company, are each leveraging their unique strengths to capture market share. Beyond Meat emphasizes products based on pea and bean proteins, whereas Impossible Foods incorporates genetically engineered soy leghemoglobin to achieve a meat-like flavor. Notably, Maple Leaf Foods stands out as an innovator in plant-based meats, especially in North America. Collectively, these companies are not only driving innovation but also responding to the surging consumer demand for clean-label and sustainable meat alternatives. They employ a blend of premium innovation and cost-leadership strategies to compete in the expanding global plant-based meat market.

Additionally, the market is primarily driven by two strategic approaches. First, cost-leadership players are working to make pricing more accessible. They're achieving this by streamlining extrusion processes, automating packaging, and securing long-term feedstock contracts. On the other hand, premium technologists are diving into biochemical innovations, focusing on texture fidelity, micronutrient enhancement, and culinary adaptability. Furthermore, food-tech startups are entering into cross-licensing deals with global co-packers, speeding up their market entry, lowering capital demands, and simultaneously enriching the innovation reservoirs of established players.

There is untapped potential in regional cuisines, including Latin American asado, Middle Eastern kofta, and Southeast Asian seafood, where Western brands have yet to fully capture authentic flavors. Companies adept at blending localized flavor expertise with cost efficiency stand to outshine more generic competitors. Given the market's emphasis on assured, clean-label ingredients, there's a growing trend towards vertical integration, especially in areas like protein isolates, fats, and flavor systems, as a means to bolster profit margins.

Vegan Meat Industry Leaders

  1. Beyond Meat Inc

  2. Impossible Foods Inc

  3. Maple Leaf Foods Inc.

  4. Conagra Brands Inc.

  5. Kellogg Company

  6. *Disclaimer: Major Players sorted in no particular order
Vegan Meat Market
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Recent Industry Developments

  • June 2025: Slovenian startup, known for its plant-based whole cuts, has partnered with Austrian startup Revo Foods to introduce 'Kinda Cod', a mycoprotein-based fish filet. This marks the inaugural product in a curated line, 'Juicy Marbles & Friends', crafted in collaboration with various partners.
  • May 2025: Beyond Meat, has launched its unbreaded vegan chicken pieces in more than 1,900 Kroger stores across the country. Each serving of Beyond Chicken Pieces boasts 21g of plant-based protein and is infused with "heart-healthy" avocado oil. Notably, they contain just 0.5g of saturated fat per serving, a stark contrast to the 3.8g found in a similar 100g serving of conventional chicken, and are free from cholesterol and antibiotics.
  • March 2025: JBS SA acquired The Vegetarian Butcher from Unilever through its subsidiary Vivera, combining resources to enhance market presence across 55 global markets and strengthen the plant-based meat replacement category through improved distribution and manufacturing capabilities.

Table of Contents for Vegan Meat Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Demand for Shelf Stable and Ready-to-Eat Foods
    • 4.2.2 Consumer Inclination Towards Low-Calorie Diet
    • 4.2.3 Amplifying Demand for Natural and Clean-Label Foods
    • 4.2.4 Adoption of Advanced Technologies Reshaping vegan food market
    • 4.2.5 Increasing Consumer Preference for Fortified and Functional Food and Beverages
    • 4.2.6 Supporting Government policies and Rising associations
  • 4.3 Market Restraints
    • 4.3.1 Price gap vs. chicken & pork widens on crop inflation
    • 4.3.2 Persisting taste and texture fatigue among repeat buyers
    • 4.3.3 Meat labelling bans in multiple EU/US states hamper marketing
    • 4.3.4 Supply Chain and Scalability issues
  • 4.4 Supply Chain Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter's Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Burger Patties
    • 5.1.2 Sausages and Hot Dogs
    • 5.1.3 Nuggets and Tenders
    • 5.1.4 Grounds and Mince
    • 5.1.5 Meatballs
    • 5.1.6 Deli Slices
    • 5.1.7 Seafood Analogues
    • 5.1.8 Others (Jerky, Bacon etc.)
  • 5.2 By Source
    • 5.2.1 Soy
    • 5.2.2 Wheat
    • 5.2.3 Pea
    • 5.2.4 Others
  • 5.3 By Meat Type
    • 5.3.1 Red Meat
    • 5.3.2 Poultry
    • 5.3.3 Others
  • 5.4 By Distribution Channel
    • 5.4.1 On-Trade
    • 5.4.2 Off-Trade
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 Italy
    • 5.5.2.4 France
    • 5.5.2.5 Spain
    • 5.5.2.6 Netherlands
    • 5.5.2.7 Poland
    • 5.5.2.8 Sweden
    • 5.5.2.9 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 Australia
    • 5.5.3.5 Indonesia
    • 5.5.3.6 South Korea
    • 5.5.3.7 Thailand
    • 5.5.3.8 Singapore
    • 5.5.3.9 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Colombia
    • 5.5.4.4 Chile
    • 5.5.4.5 Peru
    • 5.5.4.6 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 South Africa
    • 5.5.5.2 Saudi Arabia
    • 5.5.5.3 United Arab Emirates
    • 5.5.5.4 Nigeria
    • 5.5.5.5 Egypt
    • 5.5.5.6 Morocco
    • 5.5.5.7 Turkey
    • 5.5.5.8 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Company Ranking Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
    • 6.4.1 Beyond Meat Inc.
    • 6.4.2 Impossible Foods Inc.
    • 6.4.3 Maple Leaf Foods Inc.
    • 6.4.4 Conagra Brands Inc.
    • 6.4.5 Kellogg Company
    • 6.4.6 Nestle S.A.
    • 6.4.7 Tyson Foods Inc.
    • 6.4.8 Unilever plc
    • 6.4.9 Hungry Planet
    • 6.4.10 Upton's Naturals
    • 6.4.11 Lightlife
    • 6.4.12 Sunfed Meats Ltd.
    • 6.4.13 VBites Foods Ltd.
    • 6.4.14 Tofurky Co.
    • 6.4.15 Amy's Kitchen Inc.
    • 6.4.16 No Evil Foods
    • 6.4.17 Hungry Planet Inc.
    • 6.4.18 Next Level Burgers
    • 6.4.19 The Meatless Farm Co.
    • 6.4.20 Pinnacle Foods

7. Market Opportunities and Future Outlook

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Global Vegan Meat Market Report Scope

By Product Type
Burger Patties
Sausages and Hot Dogs
Nuggets and Tenders
Grounds and Mince
Meatballs
Deli Slices
Seafood Analogues
Others (Jerky, Bacon etc.)
By Source
Soy
Wheat
Pea
Others
By Meat Type
Red Meat
Poultry
Others
By Distribution Channel
On-Trade
Off-Trade
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
By Product Type Burger Patties
Sausages and Hot Dogs
Nuggets and Tenders
Grounds and Mince
Meatballs
Deli Slices
Seafood Analogues
Others (Jerky, Bacon etc.)
By Source Soy
Wheat
Pea
Others
By Meat Type Red Meat
Poultry
Others
By Distribution Channel On-Trade
Off-Trade
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the vegan meat market?

The vegan meat market size is USD 10.87 billion in 2025, with projections of USD 21.42 billion by 2030.

Which region generates the highest revenue?

North America leads with 40.75% of 2024 global sales, thanks to early adoption and strong retail networks.

Why is pea gaining popularity?

Pea offers an allergen-free, non-GMO profile and now matches soy’s functionality, driving an 11.75% CAGR to 2030.

How big is online retail in the vegan meat market?

Online sales represent a smaller base today but are growing at a 14.92% CAGR, fueled by direct-to-consumer models and subscription plans

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