Plant-based meat volume growth to level off to more sustainable pace from early days of adoption

Plant-based meat volume growth to level off to more sustainable pace from early days of adoption

Optimism rests on advances in production technologies to reignite momentum.

Value ($m)

Five-year CAGR (%)

Volume (Kgm)

Five-year CAGR

2018

5,096.95

4.85

416.35

5.49

2019

5,487.24

5.51

442.14

5.65

2020

6,291.34

9.13

488.89

6.62

2021

7,157.99

11.09

525

7.06

2022

7,461.23

10.17

543.15

6.76

2023

8,086.18

9.67

560.41

6.12

2024

8,684.34

9.62

576.13

5.44

2025

9,373.17

8.3

598.65

4.13

2026

10,054.36

7.03

621.51

3.43

2027

10,716.28

7.51

641.46

3.38

2028

11,545.57

7.38

659.09

3.3