Plant based Burger Patties Market Analysis Report 2024

1. Downloaded from: justpaste.it/8fxa5 Plant-based Burger Patties Market Demand, News and Application 2024 Plant-based Burger Patties Market size has the potential to grow by USD 650.86 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over- year growth. Get Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR41146&type=sample&src=report This report provides a detailed analysis of the market by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Amazon.com Inc., Beyond Meat Inc, Conagra Brands Inc, Impossible Foods Inc, Kellogg Co, Maple Leaf Foods Inc, Nestlé SA, Tesco Plc, The Kroger Co, and WH Group Ltd. Market Competitive Analysis The plant-based burger patties market is fragmented, and the degree of fragmentation will increase during the forecast period. The vendors in the market are engaging in M&As and strategic alliances with their competitors to increase their market share and improve their distribution landscape. Maple Leaf Foods Inc, Nestlé SA, Tesco Plc, The Kroger Co, and WH Group Ltd. are some of the major market participants. The awareness about the adverse effects of the consumption of meat will offer immense growth opportunities to vendors. However, the growing popularity of DIY burger patties will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this plant-based burger patties market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this plant-based burger patties market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Plant-based Burger Patties Market: Key Drivers and Trends The demand for meat is rising across the world, owing to the increasing income, growing population, and other sociocultural factors. However, the production of meat pollutes fresh water because of the mixing of antibiotics, hormones and chemical substances. Moreover, the production of meat also harms biodiversity and is a major source of GHG emissions. It also contains fat residues and gluten, which makes them non-preferable by the people who are fitness conscious. The demand for alternatives, such as plant-based burger patties, is increasing because they are rich in protein and are preferred by individuals who follow a vegan diet. Therefore, growing

2. concerns about the environment, awareness about health, the preference for plant-based foods, and the growth of the vegan population will be increasing the demand for global plant-based burger patties market during the forecast period. Plant-based burger patties use several ingredients and are manufactured in a way that enhances their shelf life. Hence, they are manufactured and packaged with durable materials such as high-grade plastics. Vendors are investing in innovative product packaging materials and are improving their production process to reduce carbon emissions. The concerns regarding the level of sustainable business operations are compelling vendors to adopt sustainable manufacturing processes. Maple Leaf Foods is the first major food company to be carbon neutral by acknowledging the impact of the global food system on environment and changing the production system to reduce global GHG emissions to zero. The increased adoption of sustainable manufacturing by the vendors is one of the key plant-based burger patties market trends as the products are manufactured using eco-friendly methods. During 2020-2024, the market will grow at a CAGR of almost 41%. Contact us: Contact no- +91 806 191 4606 Email Id: enquiry@technavio.com