The global market for vegan and plant-based products
Vegan or plant-based products are not only for those who try to avoid eating meat and animal products: they have a much larger target audience. This is especially true for meat substitutes. Pat Brown, the founder of Impossible Foods, even sees vegetarians as the wrong audience for these kinds of meat replacements, which are specifically designed to imitate meat despite being plant-based. As such, meat substitutes are targeted at meat eaters, making the transition to a plant-based diet much easier for them.The global vegan food market has reached a value of 24.6 billion U.S. dollars and is forecast to grow further in 2024. The global plant-based meat market is estimated to generate 10.2 billion U.S. dollars in revenue.
Milk substitutes
Although meat alternatives are all the rage in the media, the less trendy global milk substitutes market is several billions of U.S. dollars larger than the global meat substitute market. In total, the milk substitute market is valued at 23.2 billion U.S. dollars. China and the United States are the leading milk alternatives markets: together they account for over 12.5 billion U.S. dollars of revenue.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Nils-Gerrit Wunsch Research expert covering foods trends in North America, Europe, and the global food system
Key insights
- Value of the vegan food market
- 24.58bn USD
Detailed statistics
Value of the worldwide vegan food market 2023-2024
- Country with the largest share of non-meat eaters
- India
Detailed statistics
Share of consumers who follow a meat-free diet worldwide in 2023, by select country
- Forecast market share of meat alternatives on the meat market
- 10%
Detailed statistics
Market share of meat and meat alternative products worldwide 2025-2040
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Overview
- Premium Statistic Value of the worldwide vegan food market 2023-2024
Value of the worldwide vegan food market 2023-2024
Value of the worldwide vegan food market from 2023 to 2024 (in billion U.S. dollars)
- Premium Statistic Market share of meat and meat alternative products worldwide 2025-2040
Market share of meat and meat alternative products worldwide 2025-2040
Composition of the meat and meat alternatives market worldwide from 2025 to 2040, by product type
- Premium Statistic Share of consumers who follow a meat-free diet worldwide in 2023, by select country
Share of consumers who follow a meat-free diet worldwide in 2023, by select country
Share of consumers who follow a meat-free diet in select countries worldwide in 2023
Meat alternatives
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- Premium Statistic Global meat substitutes market revenue 2018-2028
- Premium Statistic Meat substitute revenue worldwide 2023, by country
- Premium Statistic Revenue growth of meat substitutes worldwide 2020-2029
- Premium Statistic Average meat substitutes price worldwide 2019-2029
- Premium Statistic Global retail sales of plant-based meat 2022, by region
- Basic Statistic Growth rate of meat substitutes worldwide in 2022, by region
Meat alternatives
- Premium Statistic Global meat substitutes market revenue 2018-2028
Global meat substitutes market revenue 2018-2028
Market revenue of plant-based meat worldwide from 2018 to 2028 (in billion U.S. dollars)
- Premium Statistic Meat substitute revenue worldwide 2023, by country
Meat substitute revenue worldwide 2023, by country
Worldwide meat substitute revenue in 2023, by country (in million U.S dollars)
- Premium Statistic Revenue growth of meat substitutes worldwide 2020-2029
Revenue growth of meat substitutes worldwide 2020-2029
Revenue growth of the meat substitutes market worldwide from 2020 to 2029
- Premium Statistic Average meat substitutes price worldwide 2019-2029
Average meat substitutes price worldwide 2019-2029
Average meat substitutes price worldwide from 2019 to 2029 (in U.S. dollars)
- Premium Statistic Global retail sales of plant-based meat 2022, by region
Global retail sales of plant-based meat 2022, by region
Global retail sales of plant-based meat in 2022, by region (in million U.S. dollars)
- Basic Statistic Growth rate of meat substitutes worldwide in 2022, by region
Growth rate of meat substitutes worldwide in 2022, by region
Growth rate of meat substitutes worldwide in 2022, by region
Milk alternatives
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- Premium Statistic Revenue of the milk substitutes industry worldwide 2019-2029
- Premium Statistic Milk substitute revenue worldwide 2023, by country
- Premium Statistic Revenue growth of milk substitutes worldwide 2020-2029
- Basic Statistic Retail sales value of milk alternatives worldwide in 2022, by region
- Premium Statistic Average milk substitutes price worldwide 2019-2029
Milk alternatives
- Premium Statistic Revenue of the milk substitutes industry worldwide 2019-2029
Revenue of the milk substitutes industry worldwide 2019-2029
Revenue of the milk substitutes market worldwide from 2019 to 2029 (in billion U.S. dollars)
- Premium Statistic Milk substitute revenue worldwide 2023, by country
Milk substitute revenue worldwide 2023, by country
Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars)
- Premium Statistic Revenue growth of milk substitutes worldwide 2020-2029
Revenue growth of milk substitutes worldwide 2020-2029
Revenue growth of the milk substitutes market worldwide from 2020 to 2029
- Basic Statistic Retail sales value of milk alternatives worldwide in 2022, by region
Retail sales value of milk alternatives worldwide in 2022, by region
Retail sales value of milk alternatives worldwide in 2022, by region
- Premium Statistic Average milk substitutes price worldwide 2019-2029
Average milk substitutes price worldwide 2019-2029
Average milk substitutes price worldwide from 2019 to 2029 (in U.S. dollars)
Plant-based food companies
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- Premium Statistic Investment capital in alternative protein sources 2016-2022, by type
- Premium Statistic Annual investment in plant-based companies worldwide 2010-2022
- Premium Statistic Plant-based food companies worldwide investment deals 2010-2022
- Premium Statistic Global revenue of Beyond Meat, Inc. by sales channel 2017-2023
- Premium Statistic Revenue of Oatly AB 2016-2022, by market
Plant-based food companies
- Premium Statistic Investment capital in alternative protein sources 2016-2022, by type
Investment capital in alternative protein sources 2016-2022, by type
Total investments in alternative protein sources worldwide from 2016 to 2022, by type (in million U.S. dollars)
- Premium Statistic Annual investment in plant-based companies worldwide 2010-2022
Annual investment in plant-based companies worldwide 2010-2022
Annual investment in plant-based companies worldwide from 2010 to 2022
- Premium Statistic Plant-based food companies worldwide investment deals 2010-2022
Plant-based food companies worldwide investment deals 2010-2022
Number of investment deals in plant-based food companies worldwide from 2010 to 2022
- Premium Statistic Global revenue of Beyond Meat, Inc. by sales channel 2017-2023
Global revenue of Beyond Meat, Inc. by sales channel 2017-2023
Net revenue of Beyond Meat, Inc. worldwide from 2017 to 2023, by distribution channel (in million U.S. dollars)
- Premium Statistic Revenue of Oatly AB 2016-2022, by market
Revenue of Oatly AB 2016-2022, by market
Revenue of Oatly AB from 2016 to 2022, by market (in million SEK)
Vegans and vegetarians
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- Premium Statistic Share of pescetarians worldwide in 2023, by select country
- Premium Statistic Share of vegetarians worldwide in 2023, by select country
- Premium Statistic Share of vegans worldwide in 2023, by select country
- Basic Statistic Number of people participating in Veganuary worldwide in 2023
- Basic Statistic Main reasons why participants tried vegan food during Veganuary 2022-2023
- Basic Statistic Share of participants who wanted to reduce animal products after Veganuary 2021-2023
- Basic Statistic Share of participants who wanted to stick with a vegan diet after Veganuary 2021-2023
Vegans and vegetarians
- Premium Statistic Share of pescetarians worldwide in 2023, by select country
Share of pescetarians worldwide in 2023, by select country
Share of pescetarians in selected countries worldwide in 2023
- Premium Statistic Share of vegetarians worldwide in 2023, by select country
Share of vegetarians worldwide in 2023, by select country
Share of vegetarians in select countries worldwide in 2023
- Premium Statistic Share of vegans worldwide in 2023, by select country
Share of vegans worldwide in 2023, by select country
Share of vegans in select countries worldwide in 2023
- Basic Statistic Number of people participating in Veganuary worldwide in 2023
Number of people participating in Veganuary worldwide in 2023
Number of people who signed up for Veganuary worldwide in 2023
- Basic Statistic Main reasons why participants tried vegan food during Veganuary 2022-2023
Main reasons why participants tried vegan food during Veganuary 2022-2023
Leading motivations that led people to take part in Veganuary worldwide in 2022 to 2023
- Basic Statistic Share of participants who wanted to reduce animal products after Veganuary 2021-2023
Share of participants who wanted to reduce animal products after Veganuary 2021-2023
Intention to reduce consumption of animal products after participating in Veganuary worldwide from 2021 to 2023
- Basic Statistic Share of participants who wanted to stick with a vegan diet after Veganuary 2021-2023
Share of participants who wanted to stick with a vegan diet after Veganuary 2021-2023
Intention to continue with the vegan diet after participating in Veganuary worldwide from 2021 to 2023
Consumption
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- Premium Statistic Volume of meat substitutes worldwide 2019-2029
- Premium Statistic Volume of milk substitutes worldwide 2019-2029
- Premium Statistic Per-capita consumption of meat substitutes worldwide 2019-2029
- Premium Statistic Per-capita consumption of milk substitutes worldwide 2019-2029
- Premium Statistic Sales volume change of meat substitutes worldwide 2020-2029
- Premium Statistic Sales volume change of milk substitutes worldwide 2020-2029
Consumption
- Premium Statistic Volume of meat substitutes worldwide 2019-2029
Volume of meat substitutes worldwide 2019-2029
Volume of the meat substitutes market worldwide from 2019 to 2029 (in million kilograms)
- Premium Statistic Volume of milk substitutes worldwide 2019-2029
Volume of milk substitutes worldwide 2019-2029
Volume of the milk substitutes market worldwide from 2019 to 2029 (in billion kilograms)
- Premium Statistic Per-capita consumption of meat substitutes worldwide 2019-2029
Per-capita consumption of meat substitutes worldwide 2019-2029
Per-capita consumption of meat substitutes worldwide from 2019 to 2029 (in kilograms)
- Premium Statistic Per-capita consumption of milk substitutes worldwide 2019-2029
Per-capita consumption of milk substitutes worldwide 2019-2029
Per-capita consumption of milk substitutes worldwide from 2019 to 2029 (in kilograms)
- Premium Statistic Sales volume change of meat substitutes worldwide 2020-2029
Sales volume change of meat substitutes worldwide 2020-2029
Sales volume change of meat substitutes worldwide from 2020 to 2029
- Premium Statistic Sales volume change of milk substitutes worldwide 2020-2029
Sales volume change of milk substitutes worldwide 2020-2029
Sales volume change of milk substitutes worldwide from 2020 to 2029
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