Plant-based meatballs market size

Plant-based Meatballs The market size has been valued at USD 137.5 million in 2022 and is estimated to witness 14.9% CAGR from 2023 to 2032. Growing awareness of health and wellness, coupled with concerns about the environmental impact of meat production, has led many consumers to seek healthier and more sustainable food options. Plant-based meatballs offer a viable alternative to traditional meatballs, as they are often lower in saturated fat, cholesterol-free, and can contribute to a balanced diet. The increasing popularity of vegan and plant-based diets has led to a growing market for plant-based products, including meatballs.

Plant-based Meatballs Market

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The rise of flexitarian and vegetarian diets has contributed to the demand for plant-based alternatives, including meatballs. Many consumers are trying to reduce their meat consumption for health, ethical, or environmental reasons, but still want familiar, convenient options like meatballs.

One of the main challenges faced by plant-based meatballs is replicating the taste, texture, and mouthfeel of traditional meatballs made from animal protein. Consumers have high expectations for the flavor and sensory experience of meatballs, and any significant deviation can lead to dissatisfaction and reduced repeat purchases. Sourcing high-quality plant-based ingredients for meat production can be challenging. The cost of producing plant-based meatballs can be higher than traditional meatballs due to the use of specialized ingredients and manufacturing processes.

COVID-19 Impact

During the pandemic, there was a shift in consumer behavior towards prioritizing health and wellness, leading to increased interest in plant-based diets and healthier food options. Restaurant closures and restrictions on dine-in services in many regions may have affected the sales of plant-based patties in foodservice channels. Thus, the reduced number of COVID-19 cases and the implementation of subsequent strategies by government and non-government organizations is set to drive the growth of the market.

Vegetable Meatball Market Trends

The growing popularity of plant-based diets, driven by health and environmental concerns, has led to increased demand for vegetable meat alternatives, including meatballs. Consumers are increasingly seeking healthier and more sustainable sources of protein, leading to increased acceptance of plant-based meatballs. The plant-based meat industry is seeing a rise in product offerings, including a wide range of plant-based meatball options. These offerings cater to different consumer preferences, dietary restrictions, and cultural tastes.

Vegetable Meatballs Market Analysis

Global Plant-based Meatballs Market Size, By Product, 2021 - 2032 (USD Million)

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The soybean patties market size dominated around $58.3 million in 2022. Soybean patties are known for their high protein content, making them an attractive option for consumers looking for protein-rich plant-based alternatives. Soybean protein can be processed to mimic the texture and mouthfeel of traditional patties, providing a familiar eating experience for consumers.

Global Plant-based Meatballs Market Revenue Share, By Packaging, (2022)

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The frozen segment accounted for 40% of the plant-based patties market share in 2022. Frozen plant-based patties have a longer shelf life than fresh alternatives. Consumers appreciate the extended shelf life, allowing them to keep the product on hand for future use, reducing food waste.

The online retail segment in the plant-based meatball market is expected to expand at a CAGR of 12.7% through 2032. E-commerce platforms offer a convenient way for consumers to access plant-based meatballs, especially for those in regions with limited brick-and-mortar options or with specific dietary requirements.

US Plant-based Meatballs Market Size, 2020- 2032 (USD Million)

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The US plant-based meatball market is expected to reach over USD 37.5 million in revenue in 2022. North American consumers are increasingly concerned about health and wellness, leading to a growing interest in plant-based diets. Plant-based meatballs offer a healthier alternative to traditional meatballs, with lower fat and cholesterol content. The market size for plant-based meat in the United States It is expected to observe 25% CAGR during the forecast period.

Plant-based meatball market

Some of the major companies operating in the vegetable meatballs market are:

  • Beyond the meat
  • Impossible Foods Inc
  • Garden
  • Morning Star Farms
  • Food for life
  • Field Rust Meat Cotton
  • Tofurky Company
  • Food
  • Dr. Praeger’s Sensitive Foods
  • Alpha Foods
  • Sweet Earth Foods (a Nestlé brand)
  • Lightlife Foods (a trademark of Greenleaf Foods, SPC)
  • The Meatless Farm Co
  • No evil food
  • Before the Butcher.

These companies focus on strategic partnerships, new product launches and marketing for market expansion. Furthermore, these companies invest heavily in research that enables them to introduce innovative products and achieve maximum revenue in the market.

Vegetable Meatball Industry News:

  • In January 2022, Beyond Meat (US) partnered with Pizza Hut (Canada); added a permanent menu to meet growing consumer demand, which is Beyond Italian Sausages Crumble by Beyond Meat.
  • In May 2021, Unilever announced that it would partner with ENOUGH, a food technology company, to bring new plant-based meat products.

This research report on the Vegetable Meatballs market comprises an in-depth coverage of the industry with revenue estimates and forecasts in USD Million & Units from 2018 to 2032for the following segments:

Market, by product

  • Soy Based
  • Pea Based
  • Wheat based

market, from packaging

  • frozen
  • Refrigerated
  • Shelf Table

Market, by distribution channel

  • Supermarkets
  • Specialized shops
  • Online selling
  • Food Service Providers

The above information has been provided for the following regions and countries:

  • North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UA
    • Egypt