Demand for ready-to-eat foods among consumers, increasing popularity of fast food and casual dining establishments, and growing interest in plant-based and alternative protein products have all contributed to significant growth in the burger patty market in recent years. Masu.
NEWARK, April 23, 2024 (Globe Newswire) — Brainy Insights predicts the hamburger patty market, valued at US$6.3 billion in 2023, to reach US$13.4 billion by 2033. Demand for burger patties is changing due to changes in consumer preferences and eating habits. As consumers seek healthier, sustainable and ethically sourced products, the market is seeing innovation in areas such as plant-based burgers, organic and grass-fed beef patties, and reduced fat or salt options. I am. Advances in technology in food processing have also enabled producers to improve the consistency, quality and efficiency of burger patties while maintaining strict guidelines for food safety and cleanliness. Examples of these developments include meat grinding, mixing, forming, and packaging equipment.
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Key Insights on Burger Patty Market
Asia Pacific is expected to expand at the fastest CAGR of 12.4% during the forecast period.
Asia Pacific is expected to grow at the fastest CAGR of 12.4% during the forecast period. As people become more health-conscious, there is a growing demand for burger patties, which are considered a healthier option. We cater to customers who care about a balanced diet by offering patties with no lean meat, organic ingredients, or artificial additives or preservatives. Additionally, the cultural diversity of the Asia-Pacific region provides a wealth of regional and ethnic hamburger patty alternatives. These consist of patties seasoned with regional spices, flavors and ingredients, allowing them to satisfy the different inclinations and tastes of customers from different countries and cultures.
In the burger patty market, the plant segment is expected to expand at the highest CAGR of 12.7% during the forecast period.
The plant sector is expected to expand at the highest CAGR of 12.7% during the forecast period. The growing popularity of plant-based diets among consumers has increased the demand for plant-based burger patties. Concerns for animal welfare, environmental sustainability, and public health are driving this trend. Additionally, companies are constantly coming up with new ideas to enhance the nutritional value, flavor, and texture of plant-based burger patties to increase their appeal to consumers. This involves improving flavor and texture by adding new ingredients and applying cutting-edge food processing methods.
In the hamburger patty market, the organic segment is expected to expand at the highest CAGR of 11.6% during the forecast period.
The organic sector is expected to expand at the highest CAGR of 11.6% during the forecast period. Organic food options like organic burger patties are becoming increasingly popular as customers become more aware of the negative effects that conventional food production methods can have on their health and the environment. Customers believe that buying organic products is better for the environment and for their health. Additionally, a variety of food possibilities are available on the market as organic burger patties, including beef, chicken, pork, and plant-based variations. These patties can be flavored with specialty ingredients and organic herbs and spices, appealing to picky eaters looking for a delicious, premium menu.
In the hamburger patty market, the online segment is expected to expand at the highest CAGR of 13.2% during the forecast period.
The online segment is expected to expand at the highest CAGR of 13.2% during the forecast period. Burger patties are primarily distributed through online retailers such as e-commerce marketplaces, supermarket delivery services, and specialized food delivery platforms. Customers can easily browse and purchase a variety of Hamburger Patty items from these platforms from the comfort of their homes. Additionally, a wide range of burger patty items are available on our online platform, including classic meat-based patties, plant-based alternatives, gourmet selections, and specialty flavors. Thanks to this huge assortment, customers can explore different possibilities and find new products that may not be available in local stores.
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Market trend
driver
Plant-based diets are increasing in popularity due to concerns for sustainability, animal welfare, and personal health. This trend is driving demand for plant-based burger patties made using soy, pea protein, mushrooms, and other plant sources. Additionally, developments in food technology such as new protein sources, food processing methods, and product formulations are driving innovations in the hamburger patty market. To meet consumer demand, companies are developing new products with enhanced flavor, texture, and nutritional properties.
opportunity
The proliferation of e-commerce and online meal delivery platforms provides manufacturers with an opportunity to expand their market penetration and strengthen their distribution channels. Manufacturers can increase customer access to burger patties and take advantage of the growing online grocery shopping and meal delivery sector by partnering with online retailers and food delivery services. Additionally, there is also an opportunity for the fast food industry to offer better burger patty options and satisfy customers looking for healthy alternatives to traditional fast food options. Fast food restaurants can stand out in a crowded market and attract health-conscious customers by offering burger patties that are lower in calories, fat, and sodium.
Some of the key players operating in the Burger Patty market are:
• Impossible Foods Co., Ltd.
• Kroger Co.
・Maple Leaf Foods Co., Ltd.
・Kellogg Company.
• Tesco
• WH Group Co., Ltd.
• Amazon.com Inc.
• Conagra Brands Co., Ltd.
• Nestlé SA
• Beyond Meat Co., Ltd.
The main segments cover the following markets:
By source
• Plants
• Animals
By category
• organic
• Traditional
By distribution channel
• Offline
• Online
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