rising awareness of adverse effects of meat consumption is driving the Plant-Based Burger Patties Market

Latest News:- Plant-Based Burger Patties Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Technavio analyzes that the Plant-Based Burger Patties Market is expected to grow at a CAGR of 70.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7263.7 million.There are various factors that contribute to the growth of the market. The plant-based burger patty market is experiencing significant growth due to increasing consumer awareness regarding the potential health risks and environmental consequences associated with meat consumption. This shift towards plant-based alternatives is driven by a growing concern for personal health and the environment. As more individuals seek to reduce their meat intake, the demand for innovative and delicious plant-based burger options continues to rise. Companies are responding to this trend by investing in research and development to create high-quality, meat-like alternatives that cater to a wide range of consumer preferences.

The Plant-Based Burger Patties market's offline distribution channel generates revenue through sales in specialty stores, direct sales, and various retail formats such as hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. However, this revenue stream has experienced a decline in recent years due to the growing trend towards online shopping. In response, market players are expanding their retail presence in global and regional markets to boost sales. The offline retail sector is intensely competitive, with numerous retailers offering competitive pricing for plant-based burger patties. Key components of these products include nuts, seeds, spices, and texturizers to replicate meaty flavor and dry texture. The production process for these patties involves the use of faux meats and food history influences, with popular brands like VeggieBurger leading the market. Despite the challenges, the offline distribution channel remains a significant revenue generator for plant-based burger patty vendors. 

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Plant-Based Burger Patties Market Segmentation

• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• ALPHA FOODS
• Amazon.com Inc.
• Atlantic Natural Foods Inc.
• Beyond Meat Inc.
• Conagra Brands Inc.
• Hilarys Drink Eat Well LLC
• Hungry Planet Inc.
• Impossible Foods Inc.
• Kellogg Co.
• Laura s Lean
• Life Health Foods NZ Ltd.
• Maple Leaf Foods Inc.
• Nestle SA
• Tesco Plc
• The Kraft Heinz Co.
• The Kroger Co.
• The Meatless Farm Co.
• The Tofurky Co. Inc.
• Transcend Information Inc.
• Tyson Foods Inc.
• Unilever PLC
• Upton Naturals
• V2 Food Pty Ltd.
• WH Group Ltd.

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Research Analysis Overview

The Plant-Based Burger Patties Market offers a variety of options beyond traditional meat burgers, including black-bean burgers. These patties deliver a satisfying protein intake, enhancing the diner experience with a flame-broiled taste. Revolutionary veggie burgers are personalized, made with ingredients sourced from plant sources such as peas, soybeans, black beans, beans, lentils, grains, tofu, vegetables, nuts, seeds, and spices. Some use 3D printing technology and robot chefs for production. Meatless burgers exclude animal-derived products like dairy and eggs. Texture varies from dry to faux meats, catering to diverse preferences.

Market Research Overview

The Plant-Based Burger Patties market is a significant segment within the global packaged foods and meats industry. Key players in this market offer innovative, protein-rich alternatives to traditional beef burgers, such as black-bean and vegetarian options. These burger patties deliver a diner experience, incorporating juices and a flame-broiled taste, making them revolutionary in the veggie burger landscape. Manufacturers leverage advanced technologies like robot chefs and 3D printing to create personalized, high-quality plant-based products. The market's growth is fueled by the health benefits associated with consuming minimally processed foods, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
Jesse Maida
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