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.
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.
Buy 1 Technavio report and
get the second for 50% off. Buy 2 Technavio reports and get the third for free.
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.
No comments:
Post a Comment