Plant-based food market value worldwide 2030 | Statista (2024)
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The global plant-based food market is expected to reach 77.8 billion U.S. dollars in 2025. Further growth is expected. The forecast projects that by 2030 the market will have more than doubled. For 2022, the model expects a market worth 44.2 billion U.S. dollars.
The global vegan food market size was valued at USD 16.45 billion in 2022. It is projected to reach USD 36.02 billion by 2031, growing at a CAGR of 9.1% during the forecast period (2023-2031). The vegan diet has gained tremendous popularity in recent years.
Global plant-based food market revenue was 9.84 billion in 2022 and is expected to reach 30.20 billion by 2030. Investment in the food business is projected to boost the worldwide plant-based food market. Based on distribution route, dairy substitutes will lead worldwide market growth.
Plant based foods were consumed by 60% of households in 2022 & had an 80% repeat purchase rate across all categories. The market for plant based food will be worth USD 22.3 Bn and will expand at a 11.82% CAGR by 2029.
The global vegan food market size was valued at US$ 16,532.3 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030.
How big is the plant-based meat market? The global plant-based meat market size was estimated at USD 4.40 billion in 2022 and is expected to reach USD 5.23 billion in 2023.
However, according to a survey by Compare the Market, the United Kingdom has the highest percentage of vegans in the world, with around 6% of the population identifying as vegan in 2021. Other countries with high percentages of vegans include the United States and Germany.
US online grocery sales increased from $35 billion in 2019 to $105 billion in 2020 due to the COVID-19 pandemic. The global food production market is expected to grow from $8.5 trillion in 2020 to $11.1 trillion by 2028, at a CAGR of 3.4%.
With locations all across the U.S., Whole Foods Market is a vegan mecca. It carries an extensive array of both own- and name-brand plant-based products. From its selection of dairy-free cheese to its meatless grab-and-go foods—this supermarket is a one-stop-shop for all things vegan.
In looking at generations, Gen Z is the most likely to eat plant-based, while Baby Boomers are the least likely, with 54% of global Gen Z consumers trying to restrict consumption of meat and other animal-based products, compared to 34% of Baby Boomer consumers.
In grocery stores, plant-based egg, cheese, and milk alternatives have driven sales. The interest in plant-based alternatives is evident; the plant-based foods market has increased 29% in the U.S. between 2017 and 2019.
For the rather obvious reason that it needs more processing and ingredients to make. And there aren't so many made - it's cheaper if you can produce things in bulk. Trying to make something that isn't meat meaty is not easy. In part you're also paying for the development costs as well.
It is what makes up the structure of the plant, and if you eat more of it you access a whole host of benefits. Eating a plant-based diet improves the health of your gut so you are better able to absorb the nutrients from food that support your immune system and reduce inflammation.
Plant-based foods made up 1.1 percent of total retail food and beverage dollar sales in 2023. 95% of households that bought plant-based meat and seafood in 2023 also bought animal-based meat.
The global vegan food market size was USD 23.31 billion in 2020 and is projected to grow from USD 26.16 billion in 2021 to USD 61.35 billion in 2028 at a CAGR of 12.95% during the 2021-2028 period.
Introduction: My name is Trent Wehner, I am a talented, brainy, zealous, light, funny, gleaming, attractive person who loves writing and wants to share my knowledge and understanding with you.
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