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Plant-based Burger Market Trends

Report ID: GMI6321
Published Date: Jul 2023
Report Format: PDF

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Plant-based Burger Market Trends

Manufacturers have been introducing a wider variety of plant-based burger options with different flavor profiles, ingredients, and nutritional benefits. This trend aims to cater to diverse consumer preferences and dietary requirements. Consumers increasingly seek products with clean and transparent ingredient lists. Plant-based burger brands are responding by highlighting the use of natural, recognizable ingredients without artificial additives or preservatives. Continuous innovation and advancements in food technology have led to plant-based burgers with improved taste, texture, and mouthfeel, closely resembling traditional meat burgers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

What is the market share of the plant-based burger?

The frozen segment was valued at USD 2.9 billion in 2022 and will showcase growth through 2032, as it offers convenience and an extended shelf life, making them a popular choice for consumers looking for quick and easy meal solutions.

U.S. market accounted for USD 1 billion revenue in 2022 and is anticipated to expand at a significant pace from 2023-2032, as consumers are increasingly adopting healthier eating habits.

Beyond Meat, Inc., Impossible Foods Inc., The Vegetarian Butcher (a subsidiary of Unilever), MorningStar Farms (a subsidiary of Kellogg Company), Lightlife Foods (a subsidiary of Greenleaf Foods), Gardein (a brand of Conagra Brands), and Tofurky Company.