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Plant-based Burger Patties Market to grow by USD 2.13 Billion By 2026, Segmentation by Distribution Channel and Geography – Technavio

Plant-based Burger Patties Market to grow by USD 2.13 Billion By 2026, Segmentation by Distribution Channel and Geography – Technavio
PR Newswire
NEW YORK, Nov. 18, 2022

NEW YORK, Nov. 18, 2022 /PRNewswire/ — The Plant-based burger patties market …

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Plant-based Burger Patties Market to grow by USD 2.13 Billion By 2026, Segmentation by Distribution Channel and Geography - Technavio

PR Newswire

NEW YORK, Nov. 18, 2022 /PRNewswire/ -- The Plant-based burger patties market research report provides a detailed analysis of emerging market trends, regional outlook, competitive landscape, and a comprehensive analysis of different market segments. The plant-based burger patties market is poised to grow by USD 2.13 billion from 2021 to 2026, progressing at a CAGR of 41.1% during the forecast period. View Free Sample Report of Plant-based Burger Patties Market in MINUTES

Plant-based Burger Patties Market: Vendor Offerings

The global plant-based burger patties market is expected to grow at a significant rate during the forecast period. The global plant-based burger patties market is fragmented due to the presence of numerous players. Most of the large and established players have extensive sales and distribution networks globally, whereas most small players are concentrated in the regional markets. Vendors compete based on parameters such as price, quality, technology, brand identity, and distribution. Rivalry among vendors is high. Vendors, therefore, opt for pricing and marketing strategies to retain their existing market shares and seize new market opportunities. Low product differentiation further intensifies the competition in the market.

  • Amazon.com Inc.: The company offers plant-based burger patties such as Black Beans and Mushrooms.
  • Beyond Meat Inc.: The company offers plant-based burger patties such as Cookout classic with no soy and no gluten.
  • Conagra Brands Inc.: The company offers plant-based burger patties under the brand name Gardein.
  • Impossible Foods Inc.: The company offers plant-based burger patties such as Frozen burgers 8 packs, 2 packs, and 6 packs.
  • Kellogg Co.: The company offers plant-based burger patties such as MorningStar Farms, Incogmeato, and Kashi.

To find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a Free Sample Report.

Plant-based Burger Patties Market: Segmentation Analysis

  • By Distribution Channel 
    • Offline 
      • 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.
    • Online
  •  By Geography
    • North America
      • North America will account for 52% of the market's growth over the forecasted timeframe. The main markets in North America 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.
    • Europe
    • APAC
    • South America
    • Middle East and Africa

To know additional highlights and key points on various market segments and their impact in coming years, Get a Free Sample Report.

Imperative Insights on the following aspects:

  • What was the size of the global plant-based burger patties industry by value?
  • What will be the size of the global plant-based burger patties industry in 2026?
  • What factors are affecting the strength of competition in the global plant-based burger patties industry?
  • How has the industry performed over the last five years?
  • What are the main segments that make up the global plant-based burger patties market?

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Plant-based Burger Patties Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 41.1%

Market growth 2022-2026

$2.13 billion

Market structure

Fragmented

YoY growth (%)

40.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 52%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel 
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel 
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 UK - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Amazon.com Inc.
    • Exhibit 89: Amazon.com Inc. - Overview
    • Exhibit 90: Amazon.com Inc. - Business segments
    • Exhibit 91: Amazon.com Inc. - Key news
    • Exhibit 92: Amazon.com Inc. - Key offerings
    • Exhibit 93: Amazon.com Inc. - Segment focus
  • 10.4 Beyond Meat Inc.
    • Exhibit 94: Beyond Meat Inc. - Overview
    • Exhibit 95: Beyond Meat Inc. - Product / Service
    • Exhibit 96: Beyond Meat Inc. - Key offerings
  • 10.5 Conagra Brands Inc.
    • Exhibit 97: Conagra Brands Inc. - Overview
    • Exhibit 98: Conagra Brands Inc. - Business segments
    • Exhibit 99: Conagra Brands Inc. - Key news
    • Exhibit 100: Conagra Brands Inc. - Key offerings
    • Exhibit 101: Conagra Brands Inc. - Segment focus
  • 10.6 Impossible Foods Inc. 
    • Exhibit 102: Impossible Foods Inc. - Overview
    • Exhibit 103: Impossible Foods Inc. - Product / Service
    • Exhibit 104: Impossible Foods Inc. - Key offerings
  • 10.7 Kellogg Co.
    • Exhibit 105: Kellogg Co. - Overview
    • Exhibit 106: Kellogg Co. - Business segments
    • Exhibit 107: Kellogg Co. - Key news
    • Exhibit 108: Kellogg Co. - Key offerings
    • Exhibit 109: Kellogg Co. - Segment focus
  • 10.8 Kroger Co.
    • Exhibit 110: Kroger Co. - Overview
    • Exhibit 111: Kroger Co. - Product / Service
    • Exhibit 112: Kroger Co. - Key news
    • Exhibit 113: Kroger Co. - Key offerings
  • 10.9 Maple Leaf Foods Inc. 
    • Exhibit 114: Maple Leaf Foods Inc. - Overview
    • Exhibit 115: Maple Leaf Foods Inc. - Business segments
    • Exhibit 116: Maple Leaf Foods Inc. - Key offerings
    • Exhibit 117: Maple Leaf Foods Inc. - Segment focus
  • 10.10 Nestle SA
    • Exhibit 118: Nestle SA - Overview
    • Exhibit 119: Nestle SA - Business segments
    • Exhibit 120: Nestle SA - Key news
    • Exhibit 121: Nestle SA - Key offerings
    • Exhibit 122: Nestle SA - Segment focus
  • 10.11 Tesco Plc
    • Exhibit 123: Tesco Plc - Overview
    • Exhibit 124: Tesco Plc - Business segments
    • Exhibit 125: Tesco Plc - Key offerings
    • Exhibit 126: Tesco Plc - Segment focus
  • 10.12 WH Group Ltd.
    • Exhibit 127: WH Group Ltd. - Overview
    • Exhibit 128: WH Group Ltd. - Business segments
    • Exhibit 129: WH Group Ltd. - Key offerings
    • Exhibit 130: WH Group Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 137: List of abbreviations
  • Unified
  • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

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