LONDON--(BUSINESS WIRE)--The plant-based burger patties market is poised to grow by USD 650.86 million during 2020-2024, progressing at a CAGR of almost 41% during the forecast period. Request free sample pages
Read the 149-page report with TOC on "Plant-Based Burger Patties Market Analysis Report by Distribution Channel (Offline and Online), by Geographic segmentation (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
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The market is driven by the awareness about adverse effects of consumption of meat. In addition, the increased adoption of sustainable manufacturing is anticipated to boost the growth of the plant-based burger patties market during the forecast period.
With growing health consciousness, people are increasingly avoiding the consumption of meat because it contains fat residues and gluten. The production of meat also has an adverse effect on biodiversity and is a major source of anthropogenic greenhouse gas (GHG) emissions. As a result, consumers are moving toward alternatives such as plant-based burger patties. Simultaneously, the number of vegans is also increasing around the world. The UK has the largest vegan population in the world. This is further propelling the demand for protein rich plant-based burger patties. Thus, the growing awareness about the benefits of plant-based burger patties and adverse effects of consumption of meat are expected to drive market growth during the forecast period.
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Major Five Plant-based Burger Patties Market Companies:
Amazon.com Inc.
Amazon.com Inc. is headquartered in the US and operates the business under various segments such as North America, International, and AWS. The company offers plant-based burger patties through its subsidiary Whole Foods Market under its brand name 365 Everyday Value.
Beyond Meat Inc.
Beyond Meat Inc. is headquartered in the US and offers products through the following business units: Fresh Platform and Frozen Platform. The company offers plant-based burger patties named Beyond Burger.
Conagra Brands Inc.
Conagra Brands Inc. is headquartered in the US and operates under various business segments, namely Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Pinnacle Foods. The company offers plant-based burger patties through its brand Gardein.
Impossible Foods Inc.
Impossible Foods Inc. is headquartered in the US and offers a wide range of plant-based burger patties named Impossible burger to foodservice restaurant chains and retail stores.
Kellogg Co.
Kellogg Co. is headquartered in the US and offers products through the following business segments: US Snacks, US Morning Foods, US Specialty Channels, North America Other, Europe, Latin America, and APAC. The company offers a wide range of plant-based burger patties through its brand Morningstar Farms.
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Plant-based Burger Patties Market Distribution Channel Outlook (Revenue, USD Million, 2020-2024)
- Offline
- Online
Plant-based Burger Patties Market Regional Outlook (Revenue, USD Million, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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