Plant-Based Burger and Patties Market: Global Industry Analysis and Forecast (2024-2030)

Plant-Based Burger and Patties Market Overview:

plant-based products are Meat substitutes that try to copy meat products in taste, texture, smell, and appearance. These alternatives exist in a high variety of forms, like the diversity of meat products they are imitating. Plant-based products have achieved a strong position in the market and are now a mainstay in many grocery stores around the world. In 2023, over 670 million kilograms of meat substitutes are consumed globally. Consumer adoption varies significantly across the globe. Vietnam, the UK, and Hong Kong show the highest rate of regular consumption of meat substitutes among their populations.

 

In the United States, meat substitutes are regularly consumed by 14 percent of consumers. To put this number into perspective, a comparison to other products is useful. In the same survey, about 54 percent of consumers stated that they regularly consume Burger, Patties, pasta, and potatoes. All three categories show regular consumption levels of around four times the level of meat substitutes and shift towards Plant-based Food.

 

The reports provide the latest Plant Based Burger and Patties market developments, potential areas for future growth, and information about the competitive landscape. The Plant-Based Burger and Patties market has experienced remarkable growth, fuelled by growing consumer appreciation for its visual demand and considering incorporating sustainability, the demand for efficiency, and cost-effectiveness in the supply chain. Reports include a detailed assessment of market segments, such as Source Type, Product Type, Sales Channel, and Regions, providing a view of the market landscape.

 

The Plant Based Burger and Patties market research analyses the global Plant Based Burger and Patties market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Plant Based Burger and Patties review report provides the market size outlook across types, Product Types, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Plant Based Burger and Patties industry.

 

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Plant Based Burger and Patties Market Dynamics:

Increasing Health and Wellness Trends drive Plant Based Burger and Patties Market

The Consumers value health benefits associated with plant-based meat alternatives Across demographics, healthfulness, and high-quality protein are top reasons for choosing plant-based meat alternatives, in addition to liking the taste of the products. Heart health as well as protein content and quality are top health-related reasons for consuming plant-based meat, Burgers, etc. United States has the highest percentage of consumption, Most Americans consumed plant-based meat alternatives in the 2023. An increased number of consumers are switching to plant-based diets for many reasons, including: protecting animals, preserving the environment, general health concerns, or changing taste preferences. In addition, the Food and Agriculture Organization of the United Nations has encouraged the development of alternative sources of protein to supplement animal-based proteins and feed a growing global population.

 

Health and wellness trends are a significant driver for the plant-based burgers and patties market. The dual forces of heightened consumer awareness about the health benefits of plant-based diets and the need to address dietary restrictions and allergies are compelling more individuals to choose plant-based alternatives. This trend is not only reshaping consumer behavior but also encouraging innovation and growth within the plant-based food industry.

 

Global Impact

• Reducing animal agriculture can promote food sustainability and have a positive impact on the environment.
• Decreasing meat consumption leads to a lower carbon footprint and a better health outcome.
• Import reduction by using UK grown crops enhances national food security.
• Developing new protein sources can decrease dependency on traditional meat products.

 

With an increased global focus on reaching net-zero emissions, climate-friendly and sustainable protein production presents significant sales and investment opportunities. Companies and investors were interested in plant-based innovation with the potential to achieve a carbon-neutral food system, and position themselves to lead this transition with help of new technology in food process. Plant-based innovation in protein fractionation, crop breeding and optimization, and end-product manufacturing continued to develop from 2020. The focus is to create whole-muscle products, with developments in shear-cell technology, spinning, and 3D printing as means of creating fibrous muscle textures to deliver the experience of eating animal-based meat. This technology gain the traction of consumers towards plant-based meat including products like burgers, patties, etc.

Challenges in Taste and Texture of Plant-Based Burgers and Patties Market

A primary restraint in the plant-based burger and patty market is the challenge of replicating the taste and texture of traditional meat. advance food technology, achieving a product that closely mimics the of meat remains a considerable difficulty. By the research, the 43% of consumers prefer flavours that resemble the meat-based equivalent, while 32% prefer new taste experiences, and plant-based alternatives often fall short of these expectations.

 

These products fail to meet consumer expectations regarding taste and texture, it poses a risk to market growth. Consumers are less likely to make repeat purchases if they perceive plant-based options as inferior substitutes. This gap in consumer satisfaction can significantly impact the plant-based market, slowing its adoption rate. For manufacturers, the inability on taste and texture lead to reduced consumer loyalty and hinder the growth of Plant-Based Burgers and Patties market share.

 

Another major restraint is the price of plant-based burgers and patties market. Currently, many plant-based products are more expensive than their meat counterparts. The cost of sourcing high-quality plant proteins, investment in research and development, technology used for better food delivery and smaller economies of scale show price difference.

 

Plant Based Burger and Patties Market Segment Analysis:

By Source, the Soy segment has the largest segment, accounting for 34.5% of the Plant Based Burger and Patties market share in 2023. oy is consumed via soy-based meat and dairy alternatives, in addition to the traditional Asian soy foods, such as tofu and miso. Meat alternatives are typically made using concentrated sources of soy protein, such as Soy Protein Isolate and Soy Protein Concentrate. Plant-based meat alternatives that imitate many of the properties of meat are more likely to impact consumption trends, and thus address environmental concerns, than is the direct consumption of legumes and beans.

 

There are a variety of soy-based meat alternatives and soymilks on the market. For instance, soy-based meat alternatives and soymilk, by 5 Companies there is soy protein–based burgers were compared with 80% lean beef and 2 soymilks were compared with whole and 2% cow milk, the 2 most commonly consumed milk in the United States.

Plant Based Burger and Patties Market Regional Insight:

North America region dominated the Plant Based Burger and Patties market in the year 2023 and is expected to continue its dominance during the forecast period, in countries such as the United States and Canada, factors such as consumer demand, purchasing power, market competition, and economic conditions are likely played a role in dominance in this market segment. Increasing awareness of the benefits of a plant-based focused diet, along with the fact that most major retailers have rapidly expanded their shelf space and private-label ranges with new plant-based products, underlines the growth in many restaurants, casual dining venues, and fast-food chains now have dedicated ‘meat-free’ options on their menu, as the popularity of plant-based products continues to increase.

Plant Based Burger and Patties Market Competitive Landscape:

The global Plant Based Burger and Patties market is highly competitive due to the presence of several key players. These companies are innovating their products with sustainability to capture consumers' attention. The key players are offering natural and ecofriendly Plant Based Burger and Patties for Industrial and household use.

 

Key players are trying to promoting non-toxic products with their innovations by investing a huge amount in research and development in the Plant Based Burger and Patties industry and the Plant Based Burger and Patties market. These players are making efforts to offer the best quality products.

 

Key Players in the Plant Based Burger and Patties Market include Beyond Meat, Impossible Foods, MorningStar Farms, Amy's Kitchen, Etc.

 

Plant Based Burger and Patties Market Scope:

Plant Based Burger and Patties Market
Market Size in 2023	USD 4.98 Billion
Market Size in 2030	USD 13.82 Billion
CAGR (2024-2030)	5.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Source Type Soy-based Protein Wheat-based Protein Potato-based Protein Rice-based Protein others
	By Product Type Plant-based Chicken Plant-based Beef Plant-based Pork Plant-based Fish/Fishless Fish
	By Sales Channels           Food Service Supermarket Specialty Stores Online Retailers
Regional Scope	North America - United States, Canada, and Mexico Europe - UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific - China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Rest of the Middle East and Africa South America - Brazil, Argentina, Rest of South America

 

Plant-Based Burgers and Patties Market Key Players:

North America Plant-Based Burgers and Patties Market Key Players

1. Beyond Meat - El Segundo, California, USA
2. Impossible Foods - Redwood City, California, USA
3. MorningStar Farms - Battle Creek, Michigan, USA
4. Gardein - Richmond, British Columbia, Canada
5. Lightlife - Turners Falls, Massachusetts, USA
6. Dr. Praeger's - Elmwood Park, New Jersey, USA
7. Tofurky - Hood River, Oregon, USA
8. Amy's Kitchen - Petaluma, California, USA
9. Field Roast - Seattle, Washington, USA
10. Alpha Foods - Glendale, California, USA
11. Sweet Earth Foods - Moss Landing, California, USA

Europe Plant-Based Burgers and Patties Market Key Players

12. The Vegetarian Butcher - Breda, Netherlands
13. Quorn - Stokesley, North Yorkshire, UK
14. Vivera - Holten, Netherlands
15. Oumph! - Gothenburg, Sweden

Asia-Pacific Plant-Based Burgers and Patties Market Key Players

16. Next Meats - Tokyo, Japan
17. v2food - Sydney, Australia
18. Unlimeat - Seoul, South Korea
19. Let’s Plant Meat - Chiang Mai, Thailand