Executive Summary

The global plant-based milk and meat market, estimated at $27.8 billion and $5.9 billion in 2022, respectively, presents an attractive investment opportunity. Over the next decade, this nascent market is expected to more than double in size. Offering an effective substitute for traditional meat and dairy products, plant-based food holds the potential to become a dietary staple and is on a positive growth trajectory, similar to electric vehicles and fintech.

The top three factors driving the plant-based food segment are changing food and lifestyle choices, rising awareness on animal cruelty and climate change, and government push for plant-based milk and meat options.

Plant-based food market is set on a growth trajectory and will likely outpace peer sub-segments, including nutritional food and beverages, dietary supplements and breakfast cereals, among others. Industry consolidation and growing interest from private investors will provide the necessary capital for expansion, also aiding new product development.

For a detailed summary, please download the report.