Top Companies in the Plant-Based Meat Industry

The global plant-based meat market size reached US$ 13.6 Billion in 2023. Plant-based meat is a vegan meat alternative that is commonly consumed to reduce the intake of meat products. It contains starch, vegetable extracts, edible oils, plant protein isolates, seasonings with colorants, additives, and flavor-enhancing agents to mimic the flavor, texture, and appearance of animal meat. Plant-based meat is rich in protein, vitamins, minerals, and essential nutrients and is healthier than conventional meat. Owing to these properties, they are gaining traction among health-conscious consumers across the globe.

As per the analysis by IMARC Group, the top plant-based meat companies are introducing vegan meat products with enhanced aroma, texture, longer shelf life, and high nutritional value. They are also diversifying their portfolio by launching innovative alternatives of meat products, which mimic the taste and texture of exotic meats, such as lobster and veal. Several leading companies are also entering into strategic partnerships with vegan meat-producing start-ups to expand their consumer base. For instance, companies, such as Kellogg’s, Conagra Brands Inc., and The Campbell Soup Company, entered the market by acquiring small meat substitute companies. Looking forward, IMARC Group expects the market to reach US$ 87.9 Billion by 2032, exhibiting a CAGR of 22.4% during the forecast period (2024-2032).

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Top Companies Operating in the Plant-Based Meat Industry:

Amy’s Kitchen, Inc.

Establishment: 1987
Headquarters: California, United States
Website: https://www.amys.com/

A pioneer of the organic food movement, Amy’s Kitchen started over 30 years ago with a simple mission to make good food for everyone at the table. Today, the company manufactures more than 250 products, such as beans and chili, dessert, pizza, snacks, pasta sauce, soups, veggie burgers, and sandwiches. It sells home-style foods in over 23 countries and employs over 2,700 people with manufacturing facilities in Santa Rosa, CA; Medford, OR; and Pocatello, ID.

Beyond Meat

Establishment: 2009
Headquarters: California, United States
Website: https://www.beyondmeat.com/

Beyond Meat is a producer of plant-based meat substitutes. Its products offer greater or equal protein levels than their animal counterparts, less saturated fat, and no antibiotics or hormones. The company’s diverse product portfolio includes plant-based burgers, beef, sausages, meatballs, beef crumbles, chicken, and frozen food products. By shifting from animal to plant-based meat, the company’s mission is to impact four growing global issues: climate change, human health, constraints on natural resources, and animal welfare.

Boca Foods Company (Kraft Foods, Inc.)

Headquarters: Illinois, United States
Website: https://www.bocaburger.com/

Boca Burger, Inc. manufactures and markets soy-based meat alternatives. It is a subsidiary of Kraft Foods and makes frozen low-fat plant-based products that contain protein, fiber, and calcium. The company sells grounded meatless crumbles, breakfast links, burgers, meat-free lasagna and chili, and breaded faux chicken nuggets and patties. Boca Foods primarily uses organic and non-organic soy protein to provide consumers with an essential protein found in meat products.

Gardein Protein International, Inc. (Conagra Brands, Inc.)

Establishment: 2003
Headquarters: Richmond, BC, Canada
Website: https://www.gardein.com/

Gardein Protein International, Inc., a Conagra Brands, Inc. brand, markets various products under the leading brands like Slim jim, Gardein, Duncan Hines, Healthy Choice, Marie Callender’s, Birds Eye, and Frontera. It offers delicious plant-based meat alternatives for beef, chicken,  fish, pork, and seafood. It has also expanded its convenient breakfast offerings with two new on-trend items, Sausage Benny Breakfast Bowl and Shakshuka Breakfast Bowl, which is a vegan version of an Eggs Benedict.

Impossible Foods, Inc.

Establishment: 2011
Headquarters: California, United States
Website: https://impossiblefoods.com/

Impossible Foods, Inc. was founded by Stanford University Professor Dr. Patrick O. Brown. It introduced vegan substitutes for meat products to address the urgent problem of climate change. With a team of top scientists, the company aims to provide people with the nutritional benefits of meat without the negative health and environmental impacts. To achieve this, the company analyzes animal products at the molecular level and selects proteins and nutrients from plants to recreate the experience and nutrition of meat products. Moreover, they have developed a world-class archive of proprietary research and technology to recreate the sensory experience of meat and fish using plants.

Maple Leaf Foods

Establishment: 1927
Headquarters: Mississauga, United States
Website: https://www.mapleleaffoods.com/

Maple Leaf Foods is a leading consumer protein company in Canada. It was created after the merger of Maple Leaf Mills Limited and Canada Packers Inc. The company produces high-quality plant-based meat products under various leading brands, such as Schneiders, Maple Leaf, Greenfield Natural Meat Co., Swift, Prime, Expand Greenfield Natural Meat, Mina, and Cappola. At present, Maple Leaf Foods employs around 12,500 people and serves across Canada, the United States, and Asia.

MorningStar Farms (Kellogg Na Co.)

Establishment: 1975
Headquarters: Michigan, United States
Website: https://www.morningstarfarms.com/

Morningstar Farms is a division of the Kellogg Company that manufactures vegan food and vegetarian food. The company offers plant-based meat alternatives such as burgers, chicken nuggets, pizza snack rolls, corn dogs, vegan cheese, and veggitizers. Recently, Morningstar introduced a new addition to its diverse plant-based portfolio, Incogmeato, an advanced product line that will produce the company’s first ready-to-cook plant-based burgers and fully prepared plant-based Chik’n tenders and nuggets.

Quorn Foods

Establishment: 1985
Headquarters: Stokesley, United Kingdom
Website: https://www.quorn.co.uk/

Quorn Foods is a pioneering food company that manufactures prepared foods and food specialties. To address the growing prevalence of obesity and the accelerating climate crisis, the company has been providing delicious food that is healthy for both the planet and people. Quorn Foods uses the main ingredient, Quorn mycoprotein, a naturally sourced protein that is high in fiber and does not contain genetically modified organisms (GMO). At present, it operates under the brands Quorn and Cauldron.

The Vegetarian Butcher (Unilever PLC)

Establishment: 2010
Headquarters: Noord-Brabant, The Netherlands
Website: https://www.thevegetarianbutcher.co.uk/

Jaap Korteweg, a meat farmer and a real meat lover, became a vegetarian and founded The Vegetarian Butcher to fulfill his need for quality meat. In 2018, Unilever acquired The Vegetarian Butcher to expand its portfolio into plant-based foods. The company offers vegetarian nomeatball, vegetarian no tuna, vegan no mince, vegan no chicken chunks, vegetarian nobecan, vegan nochicken shawarma, and croquette. At present, the products made by the company are being sold in over 4,000 outlets across 17 countries.

Vbites Food Limited

Establishment: 1993
Headquarters: Corby, United Kingdom
Website: https://vbites.com/

Formerly known as Redwood Wholefood Company, VBites is a plant-based meat alternative company that has grown to become the largest plant-based food manufacturer in Europe. The company is a pioneering leader in food technology, employing a huge team of passionate people. With 27 years of experience, Vbites is continuously expanding with a vision to create innovative and healthy products that do not have any adverse environmental impacts.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the plant-based meat industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development