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Plant-Based Chicken Market Size - By Raw Material (Soy, Wheat, Pea), By Product (Sausages, Burgers, Patties, Nuggets, Tenders & Cutlets, Grounds), By End User (Retail, HORECA) & Global Forecasts, 2023 – 2032

  • Report ID: GMI6317
  • Published Date: Jul 2023
  • Report Format: PDF

Plant-based Chicken Market Size

Plant-based Chicken Market size was valued at USD 4.2 billion in 2022 and is anticipated to record over 16% CAGR from 2023 to 2032. Driven by the increasing health and wellness consciousness.
 

Plant-based Chicken Market

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Consumers have become increasingly health-conscious over the years and are seeking nutritious, plant-based alternatives to animal-derived proteins. This has shifted their inclination toward vegetarian and vegan diets and lifestyles, leading to an increased demand for plant-based protein sources as a primary protein choice. According to British Council, 1.5 billion people across the globe are vegetarians, of which 88 million are vegans and 75 million are vegetarians by choice. Plant-based proteins have a lower environmental impact in terms of greenhouse gas emissions, water usage, and land footprint compared to animal-based protein sources. These factors, in tandem, are likely to boost the uptake of plant-based chicken over the next ten years.
 

Plant-based Chicken Market Growth Drivers and Restraints

Concerns about animal welfare and ethical treatment have influenced consumers to opt for plant-based protein sources. Ongoing R&D efforts have led to the creation of plant-based chicken products that closely mimic the taste, texture, and appearance of traditional chicken, enhancing their appeal to consumers.
 

However, some consumers may be skeptical about the claims made by plant-based chicken manufacturers regarding health benefits and environmental impact, leading to hesitation in trying these products. Besides, the plant-based industry is subject to labeling regulations and standards varying from region to region. This may lead to compliance complexities for manufacturers, thus, causing sluggish market growth.
 

COVID-19 Impact

The COVID-19 pandemic significantly impacted the plant-based chicken market development. During the pandemic, there was a heightened focus on health and sustainability, leading consumers to explore alternative protein sources. With disruptions in the meat supply chain and concerns over zoonotic diseases, plant-based chicken gained popularity as a healthier and environmentally friendly option. The pandemic accelerated the adoption of plant-based diets, driving increased demand for plant-based chicken products as people sought to diversify their protein choices and reduce their reliance on traditional animal-based proteins.
 

Plant-based Chicken Market Trends

Plant-based chicken is perceived as safer and less prone to foodborne illnesses, making them a preferred choice for health-conscious consumers. Besides, it is often suitable for individuals with dietary restrictions or allergies to animal proteins, broadening their consumer base. Supportive policies and incentives from governments aimed at promoting sustainable and plant-based food options will further boost plant-based chicken market growth.
 

Plant-Based Chicken Market Analysis

 Global Plant-Based Chicken Market Size, By Product,

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The burgers segment will record significant gains through 2032. There is a rising trend of consumers seeking healthier and more sustainable food options, and plant-based chicken burgers fit these criteria. The taste and texture of modern plant-based chicken burgers have improved significantly, making them a more appealing alternative for both vegetarians and meat-eaters looking to reduce their meat consumption. 
 

Quoting an instance, the plant-based spicy chicken burger with mayo sauce by MEAT ZERO uses a plant-based technique, "Plant-Tec Innovation", to create a meat-like flavor that is cholesterol free and high in protein and fiber. It is available in the United States. This apart, the increasing availability of plant-based chicken burgers in restaurants, fast-food chains, and grocery stores will contribute to their growing popularity among consumers.
 

Global Plant-based Chicken Market Revenue Share (%), By Raw Material,

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The soy segment amassed 33% of the plant-based chicken market share in 2022 and is poised to witness commendable growth over 2023-2032. Increasing awareness of the environmental impact of traditional meat production and rising animal welfare concerns is supporting consumers to seek sustainable and plant-based alternatives. 
 

Health-conscious consumers are embracing soy-based chicken for its high protein content and lower saturated fat levels than conventional chicken. Additionally, advancements in plant-based food technology have improved the taste and texture of soy-based chicken, making it more appealing to a wider audience.
 

 North America Plant-Based Chicken Market Size,

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North America plant-based chicken market reached USD 1.3 billion in 2022 and is expected to garner appreciable gains between 2023 and 2032. Increasing awareness of environmental sustainability and animal welfare concerns motivates consumers to choose plant-based alternatives. Health and wellness trends, in tandem with improved taste and texture of plant-based chicken products, attract health-conscious individuals and meat-eaters looking for healthier options. Growing support from the food industry and expanding availability in restaurants and grocery stores will further push regional growth.
 

Plant-Based Chicken Market Share

Some of the major market players operating in the plant-based chicken industry are

  • Beyond Meat, Inc.
  • Impossible Foods Inc.
  • Gardein (A division of Conagra Brands)
  • Quorn Foods
  • MorningStar Farms (A subsidiary of Kellogg Company)
  • Tofurky
  • Lightlife Foods
  • Alpha Foods
  • Sweet Earth Foods (A subsidiary of Nestlé)
  • No Evil Foods
     

Plant-Based Chicken Industry News

  • In January 2023, Impossible Food announced its plan to launch its plant-based chicken nuggets in the United States. The nuggets are made with Impossible's proprietary blend of plant-based proteins and are said to be indistinguishable from real chicken nuggets.
     
  • In March 2023, Quorn, a British plant-based food company, opened a new R&D center in Dallas, Texas. The center is focused on developing new plant-based chicken products for the North American Market.
     

This market research report on plant-based chicken includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Raw material

  • Soy
  • Wheat
  • Pea
  • Others

Market, By Product

  • Sausages
  • Burgers
  • Patties
  • Nuggets, Tenders & Cutlets
  • Grounds
  • Others

Market, By End User

  • Retail
  • HORECA
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for plant-based chicken reached USD 4.2 billion in 2022 and is anticipated to depict 16% CAGR from 2023 to 2032, due to increasing health and wellness consciousness.
The soy segment accumulated 33% share of the plant-based chicken market in 2022, driven by rising animal welfare concerns and advancements in plant-based food technology.
Plant-based chicken industry from the burgers segment will register a decent valuation by 2032, owing to the improved taste and texture of plant-based chicken burgers, making them popular among both meat and non-meat eaters.
Notable players in the plant-based chicken market are Beyond Meat, Inc., Impossible Foods Inc., Gardein (A division of Conagra Brands), Quorn Foods, MorningStar Farms (A subsidiary of Kellogg Company), Tofurky, Lightlife Foods, Alpha Foods, Sweet Earth Foods (A subsidiary of Nestlé), and No Evil Foods.

Plant Based Chicken Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 192
  • Countries covered: 22
  • Pages: 140
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