About Plant Based Burger
Plant-based burger are known as good alternatives for meat based burger. It has same texture and look like meat based burger. It has all the juicy, meaty deliciousness of a traditional burger. It is made up of grains, legumes like soy and lentils, and a variety of other vegetables. Changing consumer preference towards vegan culture and increasing inclination towards consuming plant based meat is impacting on the demand for plant based burger in positive manner. In addition, rising popularity of fast food driving the demand for market. Geographically, North America is expected to grow with highest demand followed by Europe and Asia Pacific.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The market of is Plant Based Burger expected to grow with rising demand for plant based fast food. Hence there are several companies are providing Plant Based Burger with unique feature. The market is highly fragmented with the presence of number of market players. Additionally, many local vendors are also entering to market with excellent features which in turn impacting on the competitive rivalry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plant Based Burger market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Maple Leaf Foods (Canada), The Vegetarian Butcher (Netherlands), Impossible Foods Inc. (United States), Gardein Protein International (Canada), Beyond Meat (United States), Quorn Foods (United States), Morningstar Farms (United States), Tofurky (United States), VBites Food Limited (United Kingdom), Planterra Foods (United States), Like Meat (Germany), Yves Veggie Cuisine (Canada) and Sotexpro SA (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Puris Proteins, LLC (United States) and Ingredion Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Plant Based Burger market by Type (Veggie Burger and Non-meat Burger) and Region.
On the basis of geography, the market of Plant Based Burger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Specialty Food Stores will boost the Plant Based Burger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Chia Based Protein will boost the Plant Based Burger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for Veggie Burger
Market Growth Drivers:
Rising Demand for Plant based Food Offerings, Growing Food and Beverages Industrial Infrastructure and Increasing Vegan Culture
Challenges:
Global Supply Chain Disruption of Raw Material owing to Covid 19
Restraints:
Strong Competition form Non Veg Burgers
Opportunities:
Rising Popularity of Fast Food has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In January 2024,Next Level Burger has become the largest plant-based-only restaurant chain in the US after it successfully made a deal to acquire Veggie Grill earlier this month.
In April 2021, JBS SA has acquire Vivera, a European plant-based food company. Company has acquired this company for USD 410 million. Vivera is Europe's third-largest plant-based food producer. Company has acquired three manufacturing facilities and a research and development center located in the Netherlands. Vivera produces a range of plant-based meat replacement products, including meatless chicken nuggets, hot dogs, steaks, bacon and burgers. Vivera products are distributed to retailers in more than 25 countries across Europe.
Key Target Audience
Plant Based Burger Manufacturers, Plant Based Burger Suppliers/Distributors, Raw Material, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.