Plant-based Burger Market Size

Plant-based Burger Market Size

Plant-based Burger Market size was valued at USD 4.8 billion in 2022 and is estimated to expand at over 12.5% CAGR between 2023 and 2032. Growing awareness about the health benefits of plant-based diets has led to an increasing number of consumers adopting plant-based burger options as part of their healthier eating habits. Plant-based burgers are often perceived as a healthier alternative to traditional meat-based burgers due to their lower saturated fat and cholesterol content.

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The increasing number of vegans and vegetarians worldwide has created a strong demand for plant-based foods, including burgers. Additionally, the flexitarian trend, where individuals reduce their meat consumption without adopting a fully vegetarian or vegan diet, has also boosted the demand for plant-based burgers.

Some consumers may still perceive plant-based burgers as inferior in taste and texture compared to traditional meat-based burgers. Ensuring a close resemblance to the sensory experience of meat burgers remains a challenge for manufacturers.  Plant-based burgers can be more expensive to produce than conventional meat burgers, leading to higher retail prices. Price sensitivity among consumers could limit the adoption of plant-based alternatives, particularly in price-conscious markets. The supply chain for plant-based proteins, such as soy, pea, and wheat, may face disruptions or fluctuations in prices.