Plant-Based Vaccines Market Size to Exceed USD 3,987.5 Mn by 2032

The Plant-Based Vaccines Market, estimated at USD 219.7 Mn in 2025, is expected to exhibit a CAGR of 51.3% and reach USD 3,987.5 Mn by 2032.

The market growth is fueled by rising demand for advanced biotechnology solutions that improve healthcare outcomes, along with increasing adoption in areas such as drug development, diagnostics, and personalized medicine. Innovations in genomics, cell and gene therapies, and biomanufacturing, supported by strong R&D investments, are enhancing treatment effectiveness, efficiency, and accessibility. Furthermore, favorable regulatory support, strategic collaborations, and the growing focus on precision medicine are accelerating market expansion and opening new opportunities for industry participants.

Key market players are focusing on the launch of new products, which is driving the global plant-based vaccines market growth. For instance, in October 2025, a unit of a Japanese company backed by Philip Morris International is planning to launch the world’s first plant-based COVID-19 vaccine that is potentially cheaper and easier to transport and store than conventional jabs.

Global Plant-based Vaccines Market– Impact of Coronavirus (COVID-19) Pandemic

The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2025, as "coronavirus disease 2025" or COVID-19. This virus spreads quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.

COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems regarding the transportation of things from one place to another.

COVID-19 had a positive impact on the global plant-based market. Several businesses are pursuing research and development for the creation of COVID-19 vaccines based on plants. For instance, in June 2025, the biotech startup and biologics contract manufacturing company iBio revealed that the preclinical testing of IBIO-202, a candidate subunit vaccine that specifically targets the nucleocapsid protein of SARS-CoV-2, had revealed a potent, antigen-specific, and memory T-cell response. 

Global Plant-based Vaccines Market: Key Developments

The COVID-19 vaccine, created by Medicago Inc. and made from a type of tobacco plants, began clinical trials in Japan in 2025.

In September 2025, Lumen Bioscience, Inc. received a US$4 million grant from the Series B financing round from investors such as WestRiver Management, Bioeconomy Capital, and others. The company is planning to use the funding to engineer the spirulina for the production of the COVID-19 vaccine.

Browse 37 Market Data Tables and 36 Figures spread through 180 Pages and in-depth TOC on “Global Plant-based Vaccines Market”- Forecast to 2032, Global Neuroendovascular Coil Market, By Vaccine Type (Bacterial Vaccines, Viral Vaccines, Parasite Vaccines, and Others), By Source (Tobacco Plant, Maize, Potato, and Others),  by Application (Influenza, Covid-19, Zika Virus, Ebola Virus, Poultry Disease, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

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Key Takeaways of the Global Plant-based Vaccines Market:

• The global plant-based vaccines market is expected to exhibit a CAGR of 51.3% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global plant-based vaccines market.
• Among vaccine type segment, the viral vaccines segment is expected to hold a dominant position in the global plant-based vaccines market during the forecast period due to the increasing production of viable vaccine candidates. For instance, in March 2025, Medicago, a biopharmaceutical company, announced they had successfully produced a virus-like particle (VLP) of the coronavirus just 20 days after obtaining the SARS-CoV-2 (virus causing the COVID-19 disease) gene. Production of the VLP is the first step in developing a vaccine for COVID-19, which will now undergo preclinical testing for safety and efficacy.
• Among region, North America is expected to be the dominant region in the global plant-based vaccines market owing to the increasing product approvals from regulatory authorities. For instance, in February 2025, Medicago and GlaxoSmithKline (GSK), a pharmaceutical and biotechnology company, announced that Health Canada had granted approval for the COVIFENZ, COVID-19 vaccine (plant-based virus-like particles [VLP], recombinant, adjuvanted). This vaccine is indicated for active immunization to prevent coronavirus disease 2025 (COVID‑19) caused by severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2) in individuals 18 to 64 years of age.
• Major players operating in the global plant-based vaccines market are Medicago, Inc., IBIO, Inc., Icon Genetics GmbH, Lumen Bioscience, Inc., British American Tobacco Plc., Creative Biolabs, Inc., Leaf Expression Systems Ltd., ZYUS Life Sciences Inc., PlantForm Corporation, and Infectious Disease Research Institute (IDRI).