Home > Food & Beverages > Processed Food > Convenience Foods > Plant-based Sausages Market
Plant-based Sausages Market size was valued at USD 955 million in 2022 and is estimated to witness 23.6% CAGR from 2023 to 2032. Growing health consciousness among consumers is driving the demand for healthier food choices. Plant-based sausages are perceived as healthier alternatives to traditional meat sausages as they are typically lower in saturated fats and cholesterol. The increasing adoption of plant-based and vegan diets has fueled the demand for meat alternatives, including plant-based sausages.
Consumers are becoming more aware of the environmental impact of meat production, such as greenhouse gas emissions and deforestation. Plant-based sausages, which have a lower environmental footprint compared to meat sausages, align with sustainability values.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Plant-based Sausages Market Size in 2022: | USD 955 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 23.6% |
2032 Value Projection: | USD 7.94 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 248 |
Segments covered: | Source, Product Type, Flavor, Distribution Channel, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Replicating the taste and texture of traditional meat sausages can be challenging. Consumers have high expectations for plant-based sausages to closely resemble the flavor and mouthfeel of meat, and any shortcomings in this aspect could lead to lower consumer acceptance. Sourcing high-quality plant-based ingredients and ensuring a stable supply chain can be complex, especially when there is a surge in demand. Plant-based ingredients, particularly certain protein sources, can be more expensive than conventional meat ingredients.
The closure of restaurants and foodservice establishments during lockdowns resulted in a decline in sales of plant-based sausages used as ingredients in restaurant dishes. This impacted the foodservice demand for these products. Some consumers may have prioritized essential purchases, leading to reduced discretionary spending on specialty products like plant-based sausages. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
Manufacturers were continuously innovating to improve the taste, texture, and nutritional profile of plant-based sausages. They were exploring a wide variety of plant-based protein sources, such as pea, soy, jackfruit, and mushrooms, to cater to different consumer preferences and dietary needs. Consumers were seeking plant-based sausages with clean labels and minimal processing. Products free from artificial additives, preservatives, and GMOs gained popularity as consumers looked for healthier and more natural options. The industry was increasingly highlighting the sustainability benefits of plant-based sausages, such as reduced greenhouse gas emissions, lower water usage, and land conservation.
The plant-based sausages market from soy-based segment reached USD 237.2 million revenue in 2022. Soy-based sausages are among the most established and widely available options, making them familiar to consumers. Soy is a rich source of protein, making soy-based sausages popular among those seeking a protein-packed meat alternative.
The raw sausages segment accounted for 40% of the plant-based sausages market share in 2022. Raw plant-based sausages offer culinary flexibility, allowing consumers to incorporate them into various recipes and dishes as they cook.
The plant-based sausages market from original flavor segment is anticipated to grow at 28.3% CAGR during the forecast period. Classic flavors like original or mild appeal to consumers seeking familiar and straightforward taste profiles similar to traditional meat sausages.
Based on distribution channel the market from supermarkets segment will gain remarkable momentum during the forecast timeline. Supermarkets and hypermarkets have extensive reach and are accessible to a large number of consumers, making plant-based sausages readily available to a broad audience.
U.S. plant-based sausages market size held over USD 298.3 million in 2022. The popularity of plant-based diets, such as vegan, vegetarian, and flexitarian, is on the rise in North America. Plant-based sausages align with these dietary choices, contributing to their growing demand.
Some of the major companies operating in the plant-based sausages industry are:
These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Click here to Buy Section of this Report
Market, By Source
Market, By Product Type
Market, By Flavor
Market, By Distribution Channel
The above information has been provided for the following regions and countries: