The plant-based burger patty market is expected to grow to at a CAGR of 41.1% over the next 2 years.
Major growth drivers during the forecast period:
- Consumer awareness/perception of health benefits vs meat.
- Expansion of production facilities.
- Celebrity endorsement.
Key regions:
- 52% of the market’s growth will come from North America.
- The US and Canada are the key markets.
- The growing use of the online purchasing platforms by the target market.
Currently the market is fragmented.
Key players:
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.
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