Plant-Based Sausage Market 2022-2028

Description

List of Tables

Title:Global Plant-Based Sausage Market Size, Share &Trends Analysis Report by Type (Plant-based Chicken, Plant-based Beef, and Plant-based Pork), by Source (Soy, Tofu, Wheat, Pea, Oats, Beans, and Others), and by Protein Type (Canola-Based Protein, Pea-Based Protein, Soy-Based Protein, Wheat-Based Protein, and Others) Forecast Period (2022-2028).

The global plant-based sausage market is anticipated to grow at a significant CAGR of 15.4% during the forecast period. Consumers of meat products may suffer from various food allergies, food poisoning, and other health-related issues such as chronic disease from the addition of chemicals and synthetic additives due to which the demand for organic, additive-free, chemical-free products increases which led to the growth of the global plant-based sausage market. According to the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease.

The global plant-based sausage market is segmented based on type, source, and protein type. Based on the type, the market is segmented into plant-based chicken, plant-based beef, and plant-based pork. Based on the source, the market is segmented into soy, tofu, wheat, pea, oats, beans, and others. Based on the protein type, the market is sub-segmented into canola-based protein, pea-based protein, soy-based protein, wheat-based protein, and others. Among the type, the plant-based pork sausage is expected to hold a prominent share in the growth of the global plant-based sausage market. The plant-based pork sausage is made from either pea protein or soy protein with one or more oils that support in building and maintaining of muscles, organs, and skin. Manufacturers are focusing more on plant-based pork sausage made with soy protein to provide high-protein vegan sausage to consumers. For instance, Impossible Foods launched plant-based pork. The pig-free pork was unveiled at the tech conference CES in Las Vegas made from soy protein and arrived at Burger King locations across the US.

Geographically, the global plant-based sausage market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The European region is expected to be the fastest-growing region in the global plant-based sausage market during the forecast period. The rising disposable income in the European region is driving the growth of the global plant-based sausage market. Due to increased income people are taking extra care of their health due to which consumption of healthy food products increases which contributes to the growth of the global plant-based sausage market in this region. For instance, in January 2020, Nestle launched plant-based sausages in Europe. Nestle launched soy-based garden gourmet sausage available in Bratwurst and Chorizo styles. The product is available in European markets, including Austria, Belgium, Germany, the Netherlands, Norway, Sweden, and Switzerland.

The major companies serving the global plant-based sausage market include Greenleaf Foods (Lightlife Foods, Inc.), Impossible Foods Inc., Moving Mountains Foods Ltd., The Meatless Farm Ltd., The Tofurky Company, Inc., Vbites Foods Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Impossible Foods launched plant-based Impossible Sausage available in two flavors, savory and spicy. The product costs $5.99 for a 14-ounce package and is rolling out at Kroger, Ralphs, King Soopers, Fred Meyer, Safeway, Albertsons, Wegmans, Stop & Shop, Hannaford, Gian martins, Giant Food, Shoprite, Sprouts Farmers Market and Heinen's.

Research Methodology

The market study of the global plant-based sausage market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Plant-Based Sausage Market Research and Analysis by Type.
Global Plant-Based Sausage Market Research and Analysis by Source.
Global Plant-Based Sausage Market Research and Analysis by Protein Type.

The Report Covers:

Comprehensive research methodology of the global plant-based sausage market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global plant-based sausage market.
Insights about market determinants that are stimulating the global plant-based sausage market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026843

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Plant-Based Sausage Market by Type
- 4.1.1. Plant-based Chicken
- 4.1.2. Plant-based Beef
- 4.1.3. Plant-based Pork
4.2. Global Plant-Based Sausage Market by Source
- 4.2.1. Soy
- 4.2.2. Tofu
- 4.2.3. Wheat
- 4.2.4. Pea
- 4.2.5. Oats
- 4.2.6. Beans
- 4.2.7. Others (Quinoa, Nuts, and Seeds)
4.3. Global Plant-Based Sausage Market by Protein Type
- 4.3.1. Canola-Based Protein
- 4.3.2. Pea-Based Protein
- 4.3.3. Soy-Based Protein
- 4.3.4. Wheat-Based Protein
- 4.3.5. Others

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Amy's Kitchen, Inc.
6.2. Beyond Meat, Inc.
6.3. BlueTribe Foods
6.4. BVeg Foods Pvt. Ltd.
6.5. Greenleaf Foods (Field Roast)
6.6. Greenleaf Foods (Lightlife Foods, Inc.)
6.7. Impossible Foods Inc.
6.8. Just Wholefoods Ltd.
6.9. Maple Leaf Foods Inc.
6.10. Moving Mountains Foods Ltd.
6.11. Nestle S.A.
6.12. Smithfield Foods, Inc.
6.13. The Meatless Farm Ltd.
6.14. The Tofurky Company, Inc
6.15. Tyson Foods, Inc.
6.16. Unilever N.V. (The Vegetarian Butcher)
6.17. VBites Foods Ltd.