Key Takeaways
- The U.S. burger market reached a value of $162.8 billion in 2023, marking a 4.2% increase from 2022.
- Global burger market size was estimated at $155.6 billion in 2022 and is projected to grow to $245.8 billion by 2030 at a CAGR of 5.9%.
- The plant-based burger segment grew by 27% in sales volume in 2023 compared to 2022 in the U.S., driven by health trends.
- 45% of U.S. consumers ate burgers weekly in 2023 surveys.
- 62% of millennials prefer plant-based burger options occasionally.
- Average American consumes 50 burgers per year as of 2023 data.
- McDonald's U.S. burger sales $25.5 billion in 2023.
- Burger King global revenue from burgers $12.8 billion FY2023.
- Wendy's U.S. systemwide sales $12.3 billion, 60% burgers.
- U.S. beef production for burgers 12B lbs in 2023.
- Average U.S. burger patty weighs 4.5 oz, using 2.7B lbs beef annually.
- 75% of U.S. ground beef goes to burgers per USDA 2023.
- McDonald's holds 42.5% U.S. QSR burger market share 2023.
- Burger King 15.2% share in U.S. burger sales 2023.
- Wendy's 12.8% U.S. market share for burgers.
The global burger market continues to expand strongly, fueled by growing plant-based options and rising consumer demand.
Competitive Landscape
Competitive Landscape Interpretation
Consumer Trends
Consumer Trends Interpretation
Market Size & Growth
Market Size & Growth Interpretation
Production & Supply Chain
Production & Supply Chain Interpretation
Sales & Revenue
Sales & Revenue Interpretation
Sources & References
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