The plant-based foods market is expected to reach $113.05 billion by 2031, with a CAGR of 12.3% from 2024-2031 – Exclusive report by Meticulous Research

REDDING, California., September 4, 2024 /PRNewswire/ — According to a new market research report titled ‘Plant-based food market Analysis of market size, share, forecast and trends by type (dairy alternatives, plant-based meat, egg alternatives, seafood), source (soy, pea), distribution channel (B2B, B2C (supermarket, online retail)) – global forecast to 2031.

The plant-based food market was valued at $44.4 billion in 2023. This market is expected to $113.1 billion by 2031, from an estimated $50.1 billion in 2024, with a CAGR of 12.3% during the forecast period 2024-2031.