Plant-based Food Market Size, Share, and Trends 2024 to 2034

The global plant-based food market size is estimated at USD 50.70 billion in 2025 and is predicted to reach around USD 103.75 billion by 2034, accelerating at a CAGR of 8.29% from 2025 to 2034. The Europe plant-based food market size surpassed USD 23.32 billion in 2025 and is expanding at a CAGR of 8.41% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2585
  • Category : Food and Beverages

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Plant-based Food Market 

5.1. COVID-19 Landscape: Plant-based Food Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Plant-based Food Market, By Product Type

8.1. Plant-based Food Market, by Product Type

8.1.1 Dairy Alternatives

8.1.1.1. Market Revenue and Forecast

8.1.2. Meat Alternatives

8.1.2.1. Market Revenue and Forecast

8.1.3. Seafood Alternatives

8.1.3.1. Market Revenue and Forecast

8.1.4. Baked Goods and Confectionery

8.1.4.1. Market Revenue and Forecast

8.1.5. RTD Beverages

8.1.5.1. Market Revenue and Forecast

8.1.6. RTE Meals

8.1.6.1. Market Revenue and Forecast

8.1.7. Others

8.1.7.1. Market Revenue and Forecast

Chapter 9. Global Plant-based Food Market, By Source

9.1. Plant-based Food Market, by Source

9.1.1. Soy

9.1.1.1. Market Revenue and Forecast

9.1.2. Wheat

9.1.2.1. Market Revenue and Forecast

9.1.3. Pea

9.1.3.1. Market Revenue and Forecast

9.1.4. Canola

9.1.4.1. Market Revenue and Forecast

9.1.5. Lentil

9.1.5.1. Market Revenue and Forecast

9.1.6. Others

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Plant-based Food Market, By Distribution Channel 

10.1. Plant-based Food Market, by Distribution Channel

10.1.1. Supermarkets and Hypermarkets

10.1.1.1. Market Revenue and Forecast

10.1.2. Specialty Stores

10.1.2.1. Market Revenue and Forecast

10.1.3. HoReCa

10.1.3.1. Market Revenue and Forecast

10.1.4. Convenience Stores

10.1.4.1. Market Revenue and Forecast

10.1.5. Online Sales

10.1.5.1. Market Revenue and Forecast

Chapter 11. Global Plant-based Food Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product Type

11.1.2. Market Revenue and Forecast, by Source

11.1.3. Market Revenue and Forecast, by Distribution Channel

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product Type

11.1.4.2. Market Revenue and Forecast, by Source

11.1.4.3. Market Revenue and Forecast, by Distribution Channel

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product Type

11.1.5.2. Market Revenue and Forecast, by Source

11.1.5.3. Market Revenue and Forecast, by Distribution Channel

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product Type

11.2.2. Market Revenue and Forecast, by Source

11.2.3. Market Revenue and Forecast, by Distribution Channel

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product Type

11.2.4.2. Market Revenue and Forecast, by Source

11.2.4.3. Market Revenue and Forecast, by Distribution Channel

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product Type

11.2.5.2. Market Revenue and Forecast, by Source

11.2.5.3. Market Revenue and Forecast, by Distribution Channel

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product Type

11.2.6.2. Market Revenue and Forecast, by Source

11.2.6.3. Market Revenue and Forecast, by Distribution Channel

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product Type

11.2.7.2. Market Revenue and Forecast, by Source

11.2.7.3. Market Revenue and Forecast, by Distribution Channel

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product Type

11.3.2. Market Revenue and Forecast, by Source

11.3.3. Market Revenue and Forecast, by Distribution Channel

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product Type

11.3.4.2. Market Revenue and Forecast, by Source

11.3.4.3. Market Revenue and Forecast, by Distribution Channel

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product Type

11.3.5.2. Market Revenue and Forecast, by Source

11.3.5.3. Market Revenue and Forecast, by Distribution Channel

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product Type

11.3.6.2. Market Revenue and Forecast, by Source

11.3.6.3. Market Revenue and Forecast, by Distribution Channel

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product Type

11.3.7.2. Market Revenue and Forecast, by Source

11.3.7.3. Market Revenue and Forecast, by Distribution Channel

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product Type

11.4.2. Market Revenue and Forecast, by Source

11.4.3. Market Revenue and Forecast, by Distribution Channel

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product Type

11.4.4.2. Market Revenue and Forecast, by Source

11.4.4.3. Market Revenue and Forecast, by Distribution Channel

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product Type

11.4.5.2. Market Revenue and Forecast, by Source

11.4.5.3. Market Revenue and Forecast, by Distribution Channel

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product Type

11.4.6.2. Market Revenue and Forecast, by Source

11.4.6.3. Market Revenue and Forecast, by Distribution Channel

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product Type

11.4.7.2. Market Revenue and Forecast, by Source

11.4.7.3. Market Revenue and Forecast, by Distribution Channel

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product Type

11.5.2. Market Revenue and Forecast, by Source

11.5.3. Market Revenue and Forecast, by Distribution Channel

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product Type

11.5.4.2. Market Revenue and Forecast, by Source

11.5.4.3. Market Revenue and Forecast, by Distribution Channel

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product Type

11.5.5.2. Market Revenue and Forecast, by Source

11.5.5.3. Market Revenue and Forecast, by Distribution Channel

Chapter 12. Company Profiles

12.1. Bayer AG

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Abbott

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Koninklijke DSM N.V.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. DuPont.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Amway

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. The Nature's Bounty Co.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. GlaxoSmithKline plc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Nestlé

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. RiceBran Technologies

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Mead Johnson & Company, LLC.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global plant-based food market size was accounted at USD 46.77 billion in 2024 and it is expected to reach around USD 103.75 billion by 2034.

The global plant-based food market is poised to grow at a CAGR of 8.29% from 2025 to 2034.

The major players operating in the plant-based food market are Bayer AG, Abbott, Koninklijke DSM N.V., DuPont., Amway, The Nature's Bounty Co., GlaxoSmithKline plc., Nestlé, RiceBran Technologies, Mead Johnson & Company, LLC., Medifast, Inc., Premier Nutrition Corporation, TOOTSI IMPEX Inc., U.S. Spice Mills, Inc., Health Food Manufacturers' Association, NOW Foods, Glanbia PLC, Herbalife International of America, Inc., Bionova, Puris, Ingredion GmbH, Morning Star Farms, Sotexpro, Tyson Food, Inc and Others.

The driving factors of the plant-based food market are the rise in vegan population and rise in lactose intolerant population.

Europe region will lead the global plant-based food market during the forecast period 2025 to 2034.

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