South Korea Plant-Based Meat Market Size, Share, and COVID-19 Impact Analysis, By Source (Soy, Pea, Wheat, and Others), By type (Chicken, Pork, Beef, Fish, and Others), and South Korea Plant-Based Meat Market Insights, Industry Trend, Forecasts to 2035

South Korea Plant-based Meat Market Insights Forecasts to 2035

• The South Korea Plant-based Meat Market Size Was Estimated at USD 317.08 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 21.82 % from 2025 to 2035
• The South Korea Plant-based Meat Market Size is Expected to Reach USD 2780.49 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Plant-based Meat Market Size is anticipated to reach USD 2780.49 Million by 2035, Growing at a CAGR of 21.82 % from 2025 to 2035. The South Korea plant-based meat market is driven by rising health consciousness, growing vegan and flexitarian populations, environmental concerns, and demand for sustainable protein alternatives.  

Market Overview

The Plant-Based Meat Market Size focuses on the production, distribution, and sale of meat alternatives that are made from plant-derived ingredients. These plant ingredients include such as soy, pea, wheat, and others. These products are intended to replicate the flavor, texture, and nutritional content of animal-based meat while providing a more sustainable, ethical, and health-conscious alternative to traditional meat consumption. The South Korean plant-based meat market is being propelled by increased health awareness about heart disease, obesity, and cholesterol, which is encouraging consumers to embrace plant-based diets. Younger generations, such as millennials and Gen Z, significantly influence favoring clean label, high protein, and minimally processed meals. This trend encourages sellers and food manufacturers to broaden their plant-based options to include wellness, sustainability, and nutritional advantages in supermarkets, online marketplaces, and health food stores. The growing adoption of vegan diets among South Korean consumers is a key trend for this market.

Report Coverage

This research report categorizes the market for the south Korea plant-based meat market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the south Korea plant-based meat market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the south Korea plant-based meat market.

Driving Factors

The South Korea Plant-Based Meat Market Size is witnessing significant growth due to several factors. The people are becoming more aware of the health benefits associated with plant-based diets is one of the major driving factors for this market. The rising environments and ethical concerns, including sustainability and animal welfare, further contribute to the market growth. Additionally, advances in food technology and R&D are propelling the South Korean plant-based meat market by enhancing flavor, texture, and nutrition, extending Korean-style product offers, increasing accessibility, and raising competitiveness and growth.

Restraining Factors

One of the notable restraints for South Korea's plant-based meat market is the high prices of plant-based meat compared to conventional meat limits mass adoption. Additionally, cultural preferences for traditional Korean meat dishes further limit widespread adoption.

Market Segmentation

The South Korea plant-based meat market share is classified into source and type.

• The soy segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea plant-based meat market is segmented by source into soy, pea, wheat, and others. Among these, the soy segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to soy containing all essential amino acids that are required for human nutrition. This makes it appealing for customers who want a healthful alternative to animal-based proteins.

• The chicken segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The south Korea plant-based meat market is segmented by type into chicken, pork, beef, fish, and others. Among these, the chicken segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to consumers increasingly looking for better alternatives to traditional meat products due to concerns about saturated fat, cholesterol, and other health risks linked with animal-based proteins. Additionally, plant-based chicken is often lower in saturated fat and cholesterol while maintaining a comparable protein composition.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the south Korea plant-based meat market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Beyond Meat
• Impossible Foods Inc.
• Maple Leaf Foods
• Vegetarian Butcher
• Conagra, Inc.
• Kellogg NA Co.
• Quorn
• Amy's Kitchen, Inc.
• VBites Foods Limited
• Yves Veggie Cuisine

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea plant-based meat market based on the below-mentioned segments:

South Korea Plant-based Meat Market, By Source

• Soy
• Pea
• Wheat
• Others

South Korea Plant-based Meat Market, By Type

• Chicken
• Pork
• Beef
• Fish
• Others