For example the issue in this post seems similar to yours, so your solution might help someone else:
https://community.adobe.com/t5/photoshop/photoshop-22-3-1-has-no-option-to-render-to-video/td-p/11966804
Because of Apple switching from Intel Chips to Apple Silicon Chips the applications were created for them to run faster. Adobe and others are apparently trying to switch applications so they can run right with all the right features available, or to switch to run an application in Rosetta, as opposed to the default. I had to go into my system and look at the applications for MacBook Pro 2020, it will list next to them what they're running as- my photoshop was running as Universal rather than Intel. Since Big Sure 11.2.3 (which is what I believe a MacBook Pro 2020 comes with) already has Rosetta installed on here, it's fairly easy. So I had to exit photoshop, right click on the actual application icon for photoshop in its folder, then click get info, in that there is an option to Run in Rosetta, check that, then restart photoshop. The option to Render video comes back along with a few other features. Apparently it's a fairly new problem and Adobe is updating photoshop to fix it. It will make photoshop run slower though. I had to ask support to tell me how to switch it because it wasn't like readily available info how to switch it. I've never owned a Mac before, so I've never had a problem like this before where an application doesn't have buttons because Apple changed their chips. I will also comment on that persons post to tell them.
Here is a link that explains it more
https://helpx.adobe.com/photoshop/kb/photoshop-for-apple-silicon.html