The United States is one of the maximum share-holding and significantly growing markets, securing a CAGR of 13.5% with a valuation of US$ 4.8 billion by 2033.
The FMI anticipates that the plant-based burger market is estimated to capture a valuation of US$ 5.1 billion in 2023. The market is increasing to US$ 23.2 billion by 2033.
The demand for more practical and cruelty-free eating options is driving the market for plant-based burgers to grow. Because of advances in plant-based meat innovation, these burgers have a superb meat-like taste and texture.
The quest for more sustainable and healthful food options is propelling the market for plant-based burgers to new heights. Plant-based burgers have gained appeal as an alternative to regular meat burgers due to concerns about the environment and animal welfare. Because companies are spending in R&D to improve taste and texture, the industry is rapidly expanding.
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How are Manufacturers Shaping Plant-based Burger Market?
Manufacturers play a significant role in the global market by developing innovative products, expanding their distribution channels, and partnering with food service companies. Here are certain ways that the manufacturers are shaping the global market:
Key Takeaways:
Who is Winning?
The market has experienced notable growth in recent years, with several key players emerging as leading players in the industry. Here are a few of the key players and their roles in the market:
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Other Essential Players in the Market are:
Recent Developments in the Market are:
Plant-based Burger Market by Category
By Product Type:
By Source:
By Sales Channel:
By Region:
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 01, 2024