Plant-based Burger Patties Market to grow by USD 2.13 billion between 2021 to 2026 | North America will account for 52% of the market's growth- Technavio
NEW YORK, Sept. 13, 2023
NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The plant-based burger patties market size is expected to grow by USD 2.13 billion from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 41.1% during the forecast period. North America will account for 52% of the market's growth over the forecasted timeframe. The main markets in the region for plant-based burger patties are the US and Canada. The market in this region will expand more slowly than markets in other regions. The market for plant-based burger patties in North America will increase due to the rising popularity of online grocery shopping. The market is segmented by Distribution Channel (Offline and Online) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
The offline segment is significant during the forecast period. The sales of products through specialty stores, including brand-owned stores, multi-brand stores, and grocery stores, provide the offline distribution channel with its revenue. Due to the movement in consumer choice from offline to online purchasing, the revenue of the offline distribution channel has been steadily dropping over the last five years. In order to increase sales through the offline channel, suppliers are growing their physical locations in national and international marketplaces. To know additional highlights and key points on various market segments and their impact in coming years, View a PDF Sample Report.
Geographical Market Analysis
The plant-based burger patties market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
ALPHA FOODS, Amazon.com Inc., Atlantic Natural Foods Inc., Beyond Meat Inc., Conagra Brands Inc., Hilarys Drink Eat Well LLC, Hungry Planet Inc., Impossible Foods Inc., Kellogg Co., Kroger Co., Laura s Lean, Life Health Foods NZ Ltd., Maple Leaf Foods Inc., Nestle SA, Tesco Plc, The Kraft Heinz Co., The Meatless Farm Co., The Tofurky Co. Inc., Transcend Information Inc., Tyson Foods Inc., Unilever PLC, Upton s Naturals, V2 Food Pty Ltd., WH Group Ltd.
- View a PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
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Plant-based Burger Patties Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 41.1%
Market growth 2022-2026
USD 2.13 billion
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 52%
US, Canada, China, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
ALPHA FOODS, Amazon.com Inc., Atlantic Natural Foods Inc., Beyond Meat Inc., Conagra Brands Inc., Hilarys Drink Eat Well LLC, Hungry Planet Inc., Impossible Foods Inc., Kellogg Co., Kroger Co., Laura s Lean, Life Health Foods NZ Ltd., Maple Leaf Foods Inc., Nestle SA, Tesco Plc, The Kraft Heinz Co., The Meatless Farm Co., The Tofurky Co. Inc., Transcend Information Inc., Tyson Foods Inc., Unilever PLC, Upton s Naturals, V2 Food Pty Ltd., and WH Group Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Drivers, Challenges, & Trends
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