What is the size of Plant-Based Food Market?
According to 6Wresearch internal database and industry insights, the
Global Plant-Based Food Market was valued at USD 52 Billion in 2024 and is expected to reach USD 74 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).
The main drivers of this growth are the rising popularity of functional food alternatives, consumers’ more health-conscious and wellness-minded lifestyles, and the growing use of plant-based ingredients to help reduce dietary risks and enhance nutritional profiles.
Growth Factors for Plant-Based Food Industry
- Growing interest in plant-based and natural foods as substitutes for conventional animal-based products.
- Demand for plant-based food alternatives is being driven by the rising incidence of lifestyle-related health problems.
- Popularity among wellness advocates and diet-focused consumers due to its positive effects on nutrition and sustainability.
- Expansion of online retail channels and e-commerce platforms offering plant-based food options.
- Innovation in ready-to-eat and improved-taste plant-based food formats.
Plant-Based Food Market Trends
Trends in the Plant-Based Food Market are driven by greater availability of ready-to-eat and convenient plant-based meals, pre-portioned single-serve formats and sustainable packaging choices. Alongside dairy and meat alternatives, product innovation around new sources of protein, especially pea, oat and lentils, is gaining traction. In addition, clean-label, vegan and allergen-free health-conscious positioning is becoming more prevalent while brands leverage digital advertising and influencers to connect with consumers who profess a wellness lifestyle.
Emerging Developments in the Plant-Based Food Market
Emerging developments in the Plant-Based Food Market are attributed to companies producing premium plant-based substitutes that seek to balance nutrition and indulgence and incorporate flavours and textures considerably improved compared to past products as well as new sources such as algae or fungi proteins. Additionally, manufacturers are creating non-store distribution models through subscription services, meal kits and e-commerce in an effort to gain penetration to consumers.
List of Leading Companies in the Plant-Based Food Market
Some of the leading companies include:
- Beyond Meat, Inc.
- Impossible Foods Inc.
- Oatly Group AB
- Quorn Foods Ltd
- The Kraft Heinz Company
- Danone S.A.
- Kellogg Company
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com