Plant Based Food Market Surges to USD 85 Billion by 2030, Reflecting an 9.95% Growth | MarketDigits

The Global Plant Based Food Market was valued USD 43.77 Billion in 2023 and projected to reach USD 85 Billion by 2030, growing at a CAGR of 9.95% during the forecast period of 2023-2030

Richmond, Feb. 12, 2024 (GLOBE NEWSWIRE) -- According to a research report "Plant Based Food Market, by Product Type (Vegetables, Beans and Legumes, Fruit,  Whole Grains, Others), Category (plant-based foods, plant-based, processed foods,  plant-based protein, Plant-based Meat, Others), Distribution Channel (Business to Business, Business to Customers, Modern Groceries, Convenience Store,  Specialty Store, Online Retail, Others) and Region - Global Forecast to 2030.

Global Plant Based Food Market Report Scope:

Market size value in 2023USD 43.77 Billion
Market size value in 2030USD 85 Billion
CAGR (2023-2030)9.95%
Forecast Period2023–2030
Historic Data2019
Forecast UnitsValue (USD Million/USD Billion)
Segments CoveredProduct Type, Category, Distribution Channel and Region
Geographies CoveredNorth America, Europe, Asia Pacific, and RoW
  • Abbott
  • Amway India Enterprises Pvt. Ltd.
Sample of Companies Covered
  • Bayer AG
  • DSM
  • DuPont

Download the Sample -

TOC Covers in Depth & Breath on Plant Based Food Market
170 - Market Data Tables
65 - List of Figures
225 – Pages

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.

Market Overview

The food industry has experienced a notable shift towards plant-based diets. The landscape of plant-based food can be categorized into three main segments: plant-based foods, processed plant-based foods, and plant-based protein. This shift poses challenges and opportunities for stakeholders such as food manufacturers, retailers, and marketers. Challenges encompass issues related to the taste, texture, and sensory aspects of plant-based products, regulatory obstacles, and supply chain limitations. On the flip side, there are opportunities to diversify product offerings, meet existing demand, utilize technological advancements for improved quality and sustainability, and appeal to the growing demographic of health-conscious and environmentally aware consumers. This analysis focuses on the plant-based processed foods and protein alternatives within the plant-based food landscape. Efforts have been made to examine the drivers of growth and demand in these categories, addressing the significant challenges confronting the industry, and exploring avenues for innovation and expansion. The discussion also investigates regulatory and policy developments influencing the plant-based food sector. As urbanization continues to rise, so too will the demand and variety of food choices. Additionally, the surge in lactose intolerance and the widespread adoption of vegetarian and vegan diets have transformed food preferences, potentially elevating the popularity of plant-based products that offer lactose-free and animal-free alternatives. The market for plant-based foods has witnessed rapid growth, driven by various factors, including health considerations, environmental consciousness, and evolving consumer preferences. The global momentum towards plant-based diets and alternative proteins is on the rise, with projections indicating continued growth in the years ahead.

Major Vendors in the Global Plant Based Food Market:

  • Abbott
  • Amway India Enterprises Pvt. Ltd.
  • Bayer AG
  • DSM
  • DuPont
  • Mead Johnson & Company, LLC.
  • Medifast, Inc.
  • Nature's Bounty
  • Nestlé
  • Premier Nutrition Company, LLC.
  • RiceBran Technologies

Request for Discount @

Growing Popularity of Flavored Plant-Based Meals

A significant driving force behind the global Plant Food Market is the widespread acceptance of plant-based foods and beverages. These products, derived primarily from plants like vegetables, nuts, seeds, legumes, and fruits, with minimal to no animal-sourced ingredients, have become deeply rooted in food culture. They span across diverse categories such as meat, dairy, seafood, condiments, and sauces, and are easily accessible in major retailers and an increasing number of restaurants, catering to a mainstream consumer base. Notably, even well-established brands like Cracker Barrel have joined this trend by introducing a vegan sausage product to their breakfast menu, indicating the shift of these products from niche natural markets to a broader audience. The plant-based food and beverage category encompasses alternatives made from various sources, including nuts, grains, legumes, and other plants. This category serves as a gateway for the adoption of other plant-based dairy products, with creamers and yogurt ranking among the top categories. While meat substitutes like veggie burgers have been available for decades, their popularity has recently surged. Brands like Gardenburger, BOCA, and MorningStar Farms have utilized innovation to create products that closely replicate the taste, appearance, and texture of real meat.

Market Dynamics


  • The increase in the number of consumers of vegan food
  • Rise consumers seek out alternatives to traditional/animal protein
  • Expanding e-commerce sector increasing sale of plant-based food
  • Growing popularity of flavored plant-based meals
  • Improved Product Innovations


  • Capturing the attention of the growing segment of health-conscious and environmentally aware-consumers
  • Growing technological innovations to improve product quality and sustainability
  • expanding product portfolios to create new demand
  • Growth of the organized retail sector and exports

Growing technological innovations to improve product quality and sustainability

Technological advancements are playing a pivotal role in significantly elevating the quality of plant-based food products. Innovations in ingredient development now enable the replication of taste and texture similar to traditional animal-based products, rendering plant-based alternatives more tempting. Furthermore, sophisticated processing technologies empower manufacturers to create plant-based products with improved taste, texture, and nutritional profiles, effectively addressing historical challenges associated with these alternatives. From a sustainability perspective, technology optimizes the supply chain for plant-based ingredients, minimizing waste, and enhancing overall efficiency. Advances in agricultural practices and technology are maximizing resource utilization, reducing water consumption, and mitigating the environmental impact of cultivating plant-based ingredients. Technology positively influences consumer awareness and education through the widespread distribution of information on digital platforms, educating consumers about the environmental and health benefits of plant-based diets. Social media platforms, influenced by technological advancements, play a pivotal role in shaping consumer preferences and rapidly spreading trends, thereby fostering wider acceptance of plant-based diets. Biotechnological progress, including cellular agriculture and fermentation processes, contributes to the production of alternative protein sources like plant-based meat substitutes, offering sustainable and ethical alternatives to conventional animal agriculture. Additionally, technology facilitates data analytics, enabling the collection and analysis of consumer data to create personalized plant-based products aligned with individual preferences and dietary needs. This ultimately enhances consumer satisfaction and expands market reach. Regulatory bodies recognize the importance of plant-based options, establishing explicit labeling standards and certifications, with technology aiding in monitoring and ensuring compliance, thereby fostering trust among consumers.

Inquire Before Buying:

North America Dominates The Market For Plant-Based Food.

The Plant Based Food Market's predominant position in North America can be attributed to various factors, including heightened consumer awareness regarding the significance of protein-rich diets, a well-established food sector, advanced technological developments in the food and beverage industry, and substantial investments in the plant-based domain. Growing concerns about animal cruelty in the food industry and its adverse environmental impact have further contributed to this dominance. Anticipated growth in the Plant Based Food Market is also fueled by increasing awareness of the health benefits associated with consuming plant-based foods and a heightened consciousness of animal welfare.

In the Asia-Pacific region, particularly in India, there is a noteworthy emergence as a significant player with considerable growth potential in the Plant Based Food Market. The Indian market's expansion is propelled by a rising urban population, escalating disposable incomes, and a shift towards Westernized dietary habits. The convenience factor, aligning seamlessly with the fast-paced urban lifestyle in countries like India, has led to a surge in the popularity of ready-to-eat foods. Moreover, government initiatives aimed at promoting the food processing sector and enhancements in distribution channels contribute significantly to the market's growth.

The Category Segments is anticipated to hold the Largest Market Share during the Forecast Period

In the global Plant Based Food Market, the Packaging segment encompasses diverse categories like plant-based foods, processed plant-based foods, plant-based protein, plant-based meat, and other related products. Notably, plant-based meats represent one of the fastest-growing yet challenging segments in the plant-based foods industry. The surge in demand is propelled by the imperative to mitigate the environmental impact of the beef industry, a growing preference for healthier alternatives to animal-based meat, and an increasing number of individuals adopting a vegetarian or vegan diet. However, developing successful plant-based meats poses significant challenges, primarily centered around replicating the taste, texture, mouthfeel, firmness, and even sear marks characteristic of animal-based beef, chicken, or pork. Achieving this replication requires a careful approach to accurately measure the physical and structural properties of the plant materials used, as well as additives like starches, oils, and other proteins throughout the entire production process—from raw ingredients to mixing, forming, and cooking the meat. Critical to the success of plant-based meat development is the precise measurement of specific parameters such as rheology, viscosity, and consistency, along with an understanding of how these properties evolve over time and at different temperatures to simulate the cooking process.

Segmentations Analysis of Plant Based Food Market: -

  • By Product Type
    • Vegetables
    • Beans and Legumes
    • Fruit
    • Whole Grains, Others
    • Others
  • By Category
    • plant-based foods
    • plant-based
    • processed food
    • plant-based protein
    • Others
  • By Distribution Channel
    • Business to Business
    • Business to Customers
    • Modern Groceries
    • Convenience Store
    • Specialty Store
    • Online Retail
    • Others
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights @

Browse Similar Reports:

Plant-Based Meat Market 2030 By Source (Soy, Wheat, Blends, Pea, Other), Products (Tofu, Tempeh, Seitan, Others), (Distribution Channel (Online, Offline) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Plant Based Beverages Market 2030 By Type (Soy, Coconut, Almond, Oat, Others), Product (Plain, Flavored), Packaging (Glass Bottles, Plastic Bottles and Pouches, Carton Packaging, Cans), By Sales Channel (Hypermarkets/Supermar kets, Convenience Stores, Independent Small Groceries, Speciality Stores, Online Retailers) & Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Plant-based Butter Market 2023 – 2030 By Distribution Channel (B2B, B2C), Source (Oat Milk, Rice Milk, Corn Milk, Soy Milk, Pea Milk, Almond Milk, Coconut Milk, Cashew Milk, Flax Milk, Hemp Milk) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

About MarketDigits:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

Contact Us:
1248 CarMia Way Richmond,
VA 23235,
United States.
USA: +1 847 450 0808
Follow Us on: | Twitter | LinkedIn |