openPR Logo
Press release

Plant-Based Chorizo Market To Witness An Explosive CAGR of 8.7% Till 2032 | FMI

08-05-2022 09:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Plant-Based Chorizo Market

Plant-Based Chorizo Market

According to the recent FMI report, the sales for plant-based chorizo are expected to surpass a value of US$ 87.6 Mn in 2032, rising at a CAGR of around 8.7% through the end of 2032.

Around the world, animal welfare is improving, leading to an increase in the number of vegans and vegetarians, as well as a desire for plant-based sausage. Health-conscious consumers favor plant-based sausage because it is very nutritional, gluten-free, and non-GMO.

Apart from that, the use of plant-based sausage is increasing in the foodservice industry to attract vegetarian, vegan, flexitarian, and health-conscious customers. The foodservice sector is offering a variety of new plant-based sausage meals on their menus. Plant-based sausage burgers, burritos, biscuits, and other meal options are available at restaurants, motels, and hotels.

Download Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15033

Due to the above reason, the total retail food sales are exceeding plant-based food sales. Plant-based food sales increased 11 percent to $4.5 billion in the 52 weeks ending April 2019, according to the Plant-Based Food Association (PBFA), based on data from market researcher SPINS (Chicago).

Apart from expanding diet trends and widespread availability, the product's protein characteristics are also gaining appeal. In wealthier countries, alternative proteins are growing more popular, and consumers are becoming more aware of them. In industrialized countries, meat for a very long phase has been the predominant source of protein.

However, changing consumer behavior and interest in alternative protein sources, owing to health and environmental concerns as well as animal welfare, has paved the way for the market to expand. It is, therefore, boosting the plant-based chorizo market.

Ask Our Analyst More About Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-15033

Key Takeaways from the Plant-Based Chorizo Market Study:

Due to the expanding health consciousness in the region, the North American plant-based chorizo market and is expected to rise at a CAGR of 8.9% by 2031.

Pea protein is the up-and-coming source of plant-protein chorizo of choice for companies looking to avoid soy-related allergies. Pea protein chorizo is expected to rise at a CAGR of 8% by 2032, FMI.
The popular vegan trend is propelling the plant-based chorizo market in the Latin American region. According to FMI, the market is expected to rise at a CAGR of 2% by 2032.

Soy protein chorizo market holds the maximum market value is expected to rise at a CAGR of 8% by 2032. It is due to its nutritional properties and texture to supplement the meat-based chorizo.
With a CAGR of nearly 2% over the projected period, the hash is expected to be the fastest-growing application. It is due to the constant innovation with plant-based food products in terms of flavors which is gaining traffic to the plant-based chorizo market.

"The players in the plant-based chorizo market can keep a stronghold on the developments in the market posing opportunities for application of plant-based chorizo. The major businesses are concentrating their efforts on new releases and significant investments in R&D. These actions give them a much-needed competitive advantage over their competitors. They are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency." said a lead analyst at FMI.

Who is winning?

Key players operating in the global plant-based chorizo market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering plant-based chorizo Chipotle, RollinGreens, Beyond Meat, Blue Tribe, Impossible Foods, Lightlife Foods, Tofurkey, No Evil, Field Roast, Simple Truth, and Others.

Enquire for customization in Report @ https://www.futuremarketinsights.com/customization-available/rep-gb-15033

Get Valuable Insights into Plant-Based Chorizo Market

FMI, in its new offering, provides an unbiased analysis of plant-based chorizo presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Plant-Based Chorizo Market by Category

By Source, Plant-Based Chorizo Market is segmented as:

Pea Protein
Soy Protein
Other Sources

By Application, Plant-Based Chorizo Market is segmented as:

Hash
Tortilla Wrap
Salad
Rolls
Stuffed Dishes
Hot Dog
Other Applications

By Distribution Channel, Plant-Based Chorizo Market is segmented as:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Independent Small Groceries
Online Retail
Other Retail Formats

Frequently Asked Questions

How big is the Plant-Based Chorizo Market?
What is the North America Plant-Based Chorizo Market Outlook?
At What Rate will Plant-Based Chorizo Demand Grow in Europe?
What Are the Key Trends Shaping the Plant-Based Chorizo Market?

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plant-Based Chorizo Market To Witness An Explosive CAGR of 8.7% Till 2032 | FMI here

News-ID: 2699571 • Views: 357

More Releases from Future Market Insights

Sheet Metal Market Size, Share, Trends and Forecast 2029
This Sheet Metal Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all
Fintech-as-a-Service Platform Market estimated to grow by more than 10% CAGR fro …
The Fintech-as-a-Service Platform market estimated to grow by more than 10% CAGR from 2021-2031. Fintech-as-a-Service Platform is software which helps to improve and automate the customer experience with the help of financial services. It helps to manage financial operations in easier way for business owners. It helps companies, business owners and consumers to manage their processes, financial operations, and lives in better way by utilizing specialized algorithms and software. According to research,
Tape Measure Market Development Status, Competition Analysis, Type and Applicati …
The tape measure market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5-5.0%. A tape measure is a portable device used to measure the size of an object up to 10m or more. The scale is a flexible strip composed of steel or carbon steel. The growing and expanding construction industry globally is likely to keep the sales of tape measures running. Moreover, other sectors such
oal Briquettes Market is expected to grow with a CAGR of around 5-6% during the …
According to latest research conducted on Coal briquettes market, it is expected to grow with a CAGR of around 5-6% during the forecast period 2021-2031. The market is being driven by its applications in industries that require a constant temperature and high thermal efficiency (Steel plants). However, the market's growth is being hampered by unfavourable conditions caused by the COVID-19 outbreak. What is Driving Demand for Coal Briquettes? Coal briquettes are blocks

All 5 Releases