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Plant-based Nuggets Market Trends

Report ID: GMI6300
Published Date: Jul 2023
Report Format: PDF

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Plant-based Nuggets Market Trends

Manufacturers are continuously innovating and expanding their product offerings to provide a diverse range of plant-based nuggets with various flavors, textures, and ingredient combinations. This trend caters to different consumer tastes and culinary preferences. Consumers are increasingly seeking plant-based nuggets with clean labels, featuring recognizable and natural ingredients. Brands that prioritize transparency in ingredient sourcing and manufacturing processes are gaining consumer trust.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant-based nuggets reached USD 430 million in 2022 and is estimated to cross USD 744 million by the end of 2032, as consumers are seeking healthier alternatives to traditional meat-based nuggets.

Original flavor segment is anticipated to grow at 4.9% CAGR through 2032 as the classic savory flavors, such as original, barbecue, or buffalo, appeal to consumers seeking the taste of traditional meat-based nuggets.

U.S. market accounted for a revenue of USD 94.7 million in 2022 and is anticipated to expand at a significant pace from 2023 to 2032. Plant-based nuggets are perceived as a healthier alternative to traditional meat-based nuggets, as they are often lower in saturated fat and cholesterol.

Abbott Laboratories, BAG Healthcare GmBH, Bio-Rad Laboratories, Inc, Danaher Corporation, Diagnostica Stago, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd, Grifols S.A., Hologic, Inc., Immucor Inc., Merck KGaA, Ortho Clinical Diagnostics, Quotient Ltd., and Thermo Fisher Scientific Inc.