Plant-based chorizo market size exceeded USD 38.0 Million in 2022 and is estimated to grow at over 8.7% CAGR between 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Plant-based Chorizo Market Size (2022E) | USD 38.0 Million |
| Plant-based Chorizo Market Projected Size (2032F) | USD 87.6 Million |
| Value CAGR (2022 to 2032) | 8.7% |
Consumers are growing more health-conscious, figure-conscious, and beauty-conscious all around the world. Naturally, this has had a significant impact on the healthcare industry, but it has also had a significant impact on the food industry.
People are consuming foods that claim to be low in fat and calories. Diet fads such as keto, paleo, vegan, and others have risen in popularity as a result of shifting preferences in various parts of the world which is posing a positive impact on the adoption of plant-based food products, therefore, indirectly boosting the plant-based chorizo market.
Apart from that various new players are emerging in the plant-based food products market and bringing more innovation and technology to the table. This is also benefiting the plant-based chorizo demand. For example, Chipotle’s Whole30 Salad Bowl consists of Chipotle's super greens lettuce blend, fajita veggies, fresh tomato salsa, guacamole, and plant-based chorizo. The flavors are helpful in introducing a higher consumer base to plant-based food products in turn benefiting the market.
Plant-based chorizo falls under the category of keto diets due to its low carbohydrate and high-fat properties, which is boosting the adoption of the product at a rapid pace.
The increased prevalence of overweight and obesity issues among the young generation, millennials, and the working-class population is driving market expansion. Obesity contributes to a number of chronic problems, including diabetes, cardiovascular disease, and high blood pressure, so the ketogenic diet has become an effective strategy to lose weight.
Obesity, brain traumas, Alzheimer's disease epilepsy, cancer, polycystic ovary syndrome, Parkinson's disease, and cardiovascular disorders have all been proven to benefit from ketogenic diets in research undertaken by the American College of Cardiology and the Nutrition and Dietetics Academy. The benefits of this diet are increasing its popularity around the world, therefore, promoting the sales of plant-based chorizo.
Due to the augmenting popularity of fast food among the millennials and younger generation, the overweight population has risen globally. Obesity stood at 42.4 percent in the USA from 2017 to 2018, according to the Centers for Disease Control and Prevention (CDC). Furthermore, from 2017 to 2018, the presence of extreme obesity was 9.2 percent. Obesity affected 40.0 percent of adults in the USA between the ages of 20 and 39. This is a serious matter that requires immediate and effective attention. The demand for a ketogenic diet is increasing due to health issues.
Following the release of long-awaited sodium-reduction guidelines by USA authorities, food producers are under renewed pressure to use less salt. It is aimed at reducing the amount of salt Americans consume. The majority of sodium in American diets comes from restaurant items, rather than salt added to home meals.
The Food and Drug Administration says that to get consumers used to consuming less salt, decreases must be gradual across the entire food supply so that consumers don't reach for higher sodium options. This is benefiting the USA plant-based chorizo market due to the lower sodium property of the product.
Plant-based diets and vegan lifestyles have gained popularity in Mexico during the last five years in turn boosting the sales of plant-based chorizo in the country. Veganism is rising at an accelerated rate in Mexico. About 20% of Mexicans described themselves as vegetarians or vegans. After all, Mexican cuisine has traditionally been plant-based, and this return to history has allowed chefs and restaurants to exhibit their roots in new and inventive ways.
The rising trend of the Whole30 diet in the country is boosting the demand for plant-based chorizo. Consumers who successfully complete the Whole30 Diet experience fat loss, weight loss, lower blood pressure, better sleep, more energy, clearer skin, fewer food cravings, and reduced bloating and gas, therefore, boosting the sales of plant-based food in the country, in turn benefiting plant-based chorizo market.
Soy protein-based sausages are predicted to continue to be the most popular, owing to their numerous health benefits. An ounce of soy protein isolate powder has 95 calories, 25% of the daily recommended iron, 1 gram of fat, and 2 grams of carbs. Aside from that, soy is a fantastic source of branch-chain amino acids, which help with muscle growth, exercise performance, and recovery after a workout. This is fueling millennial demand for plant-based chorizo sausages.
According to FMI, salads stand at a significant market share in 2022 but the application of the product into hash is gaining traction in various countries. It is expected to grow at a CAGR of 9.2% during the forecast period from 2022 to 2032.
As more plant-based items enter the market, there is a limited amount of shelf space available in brick-and-mortar stores to accommodate them. This opens up a lot of possibilities for selling directly to customers on the Internet or through other e-commerce channels.
For example, in August 2020, Beyond Meat, one of the most well-known plant-based meat producers, created its own e-commerce site to sell directly to consumers. The plus is that some consumers may not be able to find these products in their local grocery shop, thus e-commerce provides them with another option.
Online retail channels are, therefore, boosting the sales of plant-based chorizo in various parts of the world.
In order to meet the rising demand for plant-based meat products like plant-based chorizo, the players are focusing on bringing innovation to the table. The players are focused on experimenting with different vegetarian products to form substitutes for the highly demanded meat products.
Apart from that, the players are also moving towards adopting various ways to promote plant-based chorizo through different modes like social media advertising, small test packets for tasting, creating link-ups with famous restaurants and cafes, etc.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacifi; Oceania; and Middle East; and Africa |
| Key Countries Covered | USA, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Saudi Arabia, And South Africa |
| Key Segments Covered | Source, Application, Distribution Channel, and Region |
| Key Companies Profiled | Chipotle; RollinGreens; Beyond Meat; Blue Tribe; Impossible Foods; Lightlife Foods; Tofurkey; No Evil; Field Roast; Simple Truth; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) and Forecast by Region, 2017 to 2021
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Table 17: North America Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 33: Latin America Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 49: Europe Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 51: Europe Market Volume (MT ) and Forecast by Country, 2017 to 2021
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Table 65: Asia Pacific Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 77: Asia Pacific Market Value (US$ Million) and Forecast by Distribution Channel, 2017 to 2021
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Table 81: Oceania Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 89: Oceania Market Value (US$ Million) and Forecast by Application, 2017 to 2021
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Table 93: Oceania Market Value (US$ Million) and Forecast by Distribution Channel, 2017 to 2021
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Table 97: MEA Market Value (US$ Million) and Forecast by Country, 2017 to 2021
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Table 109: MEA Market Value (US$ Million) and Forecast by Distribution Channel, 2017 to 2021
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Table 111: MEA Market Volume (MT ) and Forecast by Distribution Channel, 2017 to 2021
Table 112: MEA Market Volume (MT ) and Forecast by Distribution Channel, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 2: Global Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 3: Global Market Value (US$ Million) and % Growth by Region, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 6: Global Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 7: Global Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 8: Global Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 9: Global Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 11: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 12: Global Market Attractiveness Analysis by Source, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 15: North America Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 16: North America Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 17: North America Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 19: North America Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 21: North America Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 23: North America Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 25: North America Market Attractiveness Analysis by Region, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Source, 2022 to 2032
Figure 27: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 28: North America Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 29: Latin America Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 30: Latin America Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 31: Latin America Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 33: Latin America Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 36: Latin America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Region, 2022 to 2032
Figure 40: Latin America Market Attractiveness Analysis by Source, 2022 to 2032
Figure 41: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 43: Europe Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 44: Europe Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 45: Europe Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 47: Europe Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 48: Europe Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 49: Europe Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 50: Europe Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 51: Europe Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 53: Europe Market Attractiveness Analysis by Region, 2022 to 2032
Figure 54: Europe Market Attractiveness Analysis by Source, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: Europe Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 57: Asia Pacific Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 58: Asia Pacific Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 59: Asia Pacific Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 60: Asia Pacific Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 61: Asia Pacific Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 63: Asia Pacific Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 64: Asia Pacific Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 65: Asia Pacific Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 66: Asia Pacific Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 67: Asia Pacific Market Attractiveness Analysis by Region, 2022 to 2032
Figure 68: Asia Pacific Market Attractiveness Analysis by Source, 2022 to 2032
Figure 69: Asia Pacific Market Attractiveness Analysis by Application, 2022 to 2032
Figure 70: Asia Pacific Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 71: Oceania Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 72: Oceania Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 73: Oceania Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 74: Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 75: Oceania Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 76: Oceania Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 77: Oceania Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 78: Oceania Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 79: Oceania Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 80: Oceania Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 81: Oceania Market Attractiveness Analysis by Region, 2022 to 2032
Figure 82: Oceania Market Attractiveness Analysis by Source, 2022 to 2032
Figure 83: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 84: Oceania Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
Figure 85: MEA Market Value (US$ Million) and Volume (MT) Forecast, 2022 to 2032
Figure 86: MEA Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 87: MEA Market Value (US$ Million) and % Growth by Country, 2022 & 2032
Figure 88: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 89: MEA Market Value (US$ Million) and % Growth by Source, 2022 & 2032
Figure 90: MEA Market Y-o-Y Growth Rate by Source, 2022 to 2032
Figure 91: MEA Market Value (US$ Million) and % Growth by Application, 2022 & 2032
Figure 92: MEA Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 93: MEA Market Value (US$ Million) and % Growth by Distribution Channel, 2022 & 2032
Figure 94: MEA Market Y-o-Y Growth Rate by Distribution Channel, 2022 to 2032
Figure 95: MEA Market Attractiveness Analysis by Region, 2022 to 2032
Figure 96: MEA Market Attractiveness Analysis by Source, 2022 to 2032
Figure 97: MEA Market Attractiveness Analysis by Application, 2022 to 2032
Figure 98: MEA Market Attractiveness Analysis by Distribution Channel, 2022 to 2032
The plant-based chorizo market stands at nearly USD 38.0 Million in 2022 and is expected to rise at a CAGR of 8.7%.
The North American plant-based chorizo market is expected to register an 8.9% CAGR between 2022 and 2032.
The demand for plant-based chorizo in the Asia Pacific is expected to grow at 7.5% CAGR between 2022 and 2032.
Animal welfare is improving around the world, resulting in a rise in the number of vegans and vegetarians, as well as a rise in the demand for plant-based chorizo. It is preferred by health-conscious consumers because of its nutritious, gluten-free, and non-GMO properties. The use of plant-based sausage is increasing in the food service industry to attract vegan, vegetarian, health-conscious, and flexitarian customers. The food service sector is offering a variety of new plant-based meals on it
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Plant-Based Chorizo Market
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