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The plant-based burger patties market size is forecast to increase by USD 7.26 billion, at a CAGR of 70.7% between 2023 and 2028. The market is witnessing significant growth due to rising awareness of the adverse health effects associated with the consumption of animal-derived products such as meat, dairy, and eggs. This shift towards plant-based alternatives is driving the demand for meatless burgers made from various sources like peas, soybeans, black beans, lentils, grains, tofu, and vegetables. The partnerships between major foodservice chains and plant-based burger patty manufacturers are further fueling market growth. Consumers are increasingly seeking sustainable and ethical food options, leading to a rise in the consumption of plant-based burgers. These alternatives not only cater to the growing health-conscious population but also to those following vegetarian and vegan diets. The market is expected to continue its upward trajectory as more players enter the fray and innovate with new products and flavors.
The market is witnessing a significant rise in demand as consumers seek out protein-rich, vegetarian alternatives to traditional diner burgers. These innovative veggie burgers offer a tantalizing flame-broiled taste, providing a satisfying experience for those looking to reduce their intake of animal-derived products. The foundation of these revolutionary burger patties lies in various plant sources such as peas, soybeans, black beans, lentils, grains, tofu, vegetables, nuts, and seeds. Each ingredient brings unique textures and flavors to the table, ensuring a diverse and delicious range of options. Black-bean burgers, for instance, are a popular choice due to their high protein content. These patties are made primarily from black beans, which are rich in fiber, iron, and protein. Other plant-based protein sources like lentils, peas, and tofu contribute to the development of hearty, meat-like textures that cater to the cravings of burger enthusiasts. The plant-based burger patty market is not just about providing meatless alternatives; it's about creating a personalized diner burger experience. Consumers can now choose from a wide array of ingredients and flavor combinations to create their perfect burger. These patties can be seasoned with various spices or combined with different vegetables, juices, and sauces to cater to individual preferences. Innovative technologies like robot chefs and 3D printing are being employed to create plant-based burger patties with consistent shapes, sizes, and textures.
These advanced methods ensure that each patty is cooked evenly, delivering a delicious and visually appealing product every time. Some plant-based burger patties are designed to mimic the texture and appearance of meat, offering a more authentic diner burger experience. These faux meats are made using a combination of plant sources and processing techniques, resulting in patties that sizzle, sear, and taste remarkably similar to their meat-based counterparts. For those who prefer a drier texture, there are plant-based burger patties made primarily from grains, nuts, and seeds. These patties offer a crunchy, nutty texture that complements the soft bun and fresh toppings of a classic diner burger. The plant-based burger patty market is committed to using ethically sourced, sustainable ingredients. Companies are focusing on using locally grown produce and responsibly sourced plant proteins to minimize their carbon footprint and support small farmers. In conclusion, the plant-based burger patty market is revolutionizing the diner burger experience by offering protein-packed, personalized, and delicious alternatives to traditional meat-based patties. With a wide range of plant sources, textures, and flavors, there's a veggie burger option for every palate.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. The market encompasses a variety of options, including those made from Mushrooms, Carrots, Broccoli, Onion, Garlic, Spinach, and Walnuts. These patties are designed to mimic the taste and texture of Meat burgers. Preparation of these patties involves Draining and binding the ingredients with Breadcrumbs to ensure sticking power. Mushrooms, for instance, provide Richness and a meaty texture, while Carrots add Sweetness and Crunch.
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The offline segment was valued at USD 160.50 million in 2018. Similarly, Onion, Garlic, and Spinach contribute to the savory and umami flavors. companies sell these patties through various offline distribution channels, such as specialty stores, supermarkets, and department stores. Although the revenue from offline sales has been decreasing due to the rise of online shopping, the expansion of stores in global and regional markets continues to drive sales. Competition in the offline retail landscape remains intense, with several retailers offering competitive prices.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is experiencing significant growth, driven by the increasing popularity of plant-based food options. In the US, this market is witnessing a steady expansion due to several factors. Notable among these are the emergence of new plant-based burger patty brands, the growing trend of purchasing groceries online, collaborations between companies and foodservice chains, and the rising demand for plant-based foods. Moreover, the market is witnessing a flurry of product launches and increasing consumer interest in plant-based meat alternatives, such as plant-based burger patties. Homemade plant-based burger patties can be easily prepared using ingredients like Farro, Barley, and other grains. To make these patties, one can use a food processor to blend the ingredients and shape them into patties. Once shaped, they can be roasted in the oven or cooked in a skillet to achieve a golden crust. Proper moisture management is crucial to prevent the patties from drying out during cooking.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising awareness of adverse effects of meat consumption is notably driving the market growth. The market is witnessing significant growth due to increasing health consciousness and environmental concerns. The production of meat has been linked to several environmental issues, including water pollution from antibiotics, hormones, and chemicals. Moreover, meat consumption contributes to deforestation and biodiversity loss. Additionally, meat contains saturated fats and gluten, which are not preferred by individuals focusing on fitness and dietary restrictions. Plant-based burger patties offer a viable solution to these concerns.
They are free from antibiotics, hormones, and chemicals, making them a more sustainable option. Furthermore, they are rich in essential nutrients and fiber, making them a healthier choice. Grilling these patties provides a savory and delicious taste, making them a popular alternative to traditional meat patties. In conclusion, the rising awareness of health and environmental concerns, coupled with the availability of delicious and nutritious plant-based burger patties, is driving the growth of this market. Consumers are increasingly opting for these patties as a more sustainable and healthier alternative to traditional meat products. Thus, such factors are driving the growth of the market during the forecast period.
Partnership with global foodservice chains is the key trend in the market. The market is experiencing significant growth as foodservice chains expand globally, driven by the rising demand for quick dining options. These collaborations with companies providing pea, soybean, black bean, lentil, tofu, and grain-based patty alternatives have resulted in branded menu items. This exposure benefits companies, increasing their market presence.
The escalating number of foodservice chains and the subsequent consumer spending are motivating new companies to enter the market. The burgeoning plant-based burger patty market is a testament to the evolving food industry landscape, with beans, lentils, grains, tofu, and vegetables becoming increasingly popular alternatives to animal-derived products like dairy and eggs. Thus, such trends will shape the growth of the market during the forecast period.
Rising consumption of meat products is the major challenge that affects the growth of the market. The market is experiencing significant growth due to increasing health consciousness and the trend toward sustainable eating. In North America, this shift is particularly noticeable, with strong consumer demand leading to the incorporation of vegetarian options in restaurants and fast-food chains. Companies like Beyond Meat and Impossible Foods are meeting this demand by expanding production and focusing on product innovation. These firms aim to provide healthier, eco-friendly alternatives that cater to the growing number of flexitarian and vegan consumers.
The competitive landscape is dynamic, with both established brands and new entrants striving to capture market share through high-quality, plant-based offerings. Innovative technologies, such as 3D printing and robot chefs, are being employed to create personalized, revolutionary veggie burgers that deliver a diner burger experience with a flame-broiled taste using plant sources like black beans and other protein-rich ingredients. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amazon.com Inc. - The company offers plant based burger patties such as Black Bean and Mushroom.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Plant-based burger patties have gained significant popularity among consumers seeking protein-rich, vegetarian alternatives to traditional meat burgers. These innovative patties, which include black-bean burgers, are crafted from various plant sources such as peas, soybeans, black beans, lentils, grains, tofu, vegetables, nuts, and seeds. The production process involves blending these ingredients into a mixture that replicates the meaty flavor and texture of a meat burger. The market for these revolutionary veggie burgers is driven by the desire for a diner burger experience without the use of animal-derived products like dairy or eggs. Ingredients like tomato paste, smoked paprika, chili powder, salt, and pepper add richness and depth to the patties.
Some manufacturers use 3D printing technology and robot chefs to create personalized textures and sticking power. The patties can be produced in a frozen state, allowing for easy preparation at home. Cooking methods include draining, roasting, toasting, or grilling to achieve a golden crust and meaty taste. Ingredients like mushrooms, carrots, broccoli, onion, garlic, spinach, walnuts, and spices contribute to the overall flavor and moisture content. The dry texture of the patties can be enhanced with the addition of breadcrumbs or flax eggs. Whether homemade or store-bought, these plant-based burger patties offer a delicious and satisfying alternative to traditional meat burgers.
Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 70.7% |
Market Growth 2024-2028 |
USD 7.26 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
47.9 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key countries |
US, UK, Germany, Canada, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ALPHA FOODS, Amazon.com Inc., Atlantic Natural Foods Inc., Beyond Meat Inc., Conagra Brands Inc., Hilarys Drink Eat Well LLC, Hungry Planet Inc., Impossible Foods Inc., Kellogg Co., Laura s Lean, Life Health Foods NZ Ltd., Maple Leaf Foods Inc., Nestle SA, Tesco Plc, The Kraft Heinz Co., The Kroger Co., The Meatless Farm Co., The Tofurky Co. Inc., Transcend Information Inc., Tyson Foods Inc., Unilever PLC, Upton Naturals, V2 Food Pty Ltd., and WH Group Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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