Plant-Based Burgers and Patties Market

As per Market Research Future Analysis, the global plant-based burgers and patties market was valued at USD 229.8 million in 2023 and is projected to grow at a CAGR of 10.25% from 2024 to 2032. The increasing awareness of health issues and the popularity of the flexitarian diet are driving this growth, particularly in North America and Europe. The COVID-19 pandemic initially hindered market growth but subsequently increased demand for healthier food options, leading to a recovery. Key drivers include the rise in consumer preference for cruelty-free foods and convenience items. However, challenges such as limited product availability in restaurants and the growing popularity of DIY burgers may impact market expansion.

Key players include Amy’s Kitchen, Beyond Meat, Kellog Co., and Burger King.

• In September 2020, Nestle SA launched its flagship plant burger.

• In 2021, McDonald, a well-known fast-food brand launched its new product known as “McPlant” which acted as a substitute for meat burgers.

• Beyond Meat formed a partnership with McDonald in order to bring a new form of plant-based burgersfrom the fast-food industry. Also, the Canadian company Beyond Meat is also launching two innovative and brand new versions of burgers which will be the juiciest burger any company ever introduced. 

Report Outlook

The plant-based burgers and patties market report cover the various factors that are responsible for impacting the growth of the market such as drivers, restraints, opportunities, and challenges. The report outlines a brief overview of the market which includes competitive landscape, regional analysis, and value chain analysis. The recent plant-based burgers and patties market trend is also discussed in this report. The segmentation of the plant-based burgers and patties market is based on a detailed qualitative and quantitative analysis of the market. The names of the top plant-based burgers and patties companies are also mentioned along with their headquarters.

This report also covers the impact of the recent outbreak of the COVID-19 pandemic on the market. 

Report Detail 

• Historic Period: 2018 - 2020

• Base Year: 2021

• Forecast Period: 2022 – 2028 

By Geographically

• Europe

• North America

• Latin America

• Asia Pacific

• The Middle East and Africa