Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 45.36 Million | USD 109.98 Million | 9.26% | 2024 |
The global plant-based chorizo market size was worth around USD 45.36 million in 2024 and is predicted to grow to around USD 109.98 million by 2034, with a compound annual growth rate (CAGR) of roughly 9.26% between 2025 and 2034.
Plant-based chorizo sector is a growing industry that deals with the sale of meat substitutes for traditionally consumed pork-based food items. Traditionally, chorizos are made of chopped pork meat along with other ingredients such as cinnamon, whole pepper grains, salt, pork fat, and other spices.
However, the plant-based chorizo industry aims to deliver a more health-friendly and environmentally conscious alternative to pork-based chorizo, a common part of Mexican and Spanish cuisines. During the forecast period, the demand for meat-free chorizos is expected to grow at a steady growth momentum influenced by several factors.
For instance, increasing awareness among consumers about the health benefits of plant-based chorizos will act as a crucial growth driver. On the other hand, the introduction of new meat-free chorizos derived from plant-based ingredients will assist in creating new expansion possibilities as market players explore changing consumer lifestyles in emerging economies. The industry for plant-based chorizo is likely to face growth challenges due to the concerns of difficulties in the continuous procurement of plant ingredients for the production of final food items.
Growing health consciousness among consumers to drive market growth rate during the forecast period
The global plant-based chorizo market is expected to be driven by the increasing health consciousness among consumers. Plant-based chorizos are proven to be more health-friendly than pork-based chorizos. According to industry research, plant-based chorizos contain less quantities of harmful saturated fat and calories. They are mainly made of soy and peas, thus assisting consumers in reaching a more balanced diet.
Furthermore, most industry players have ensured that the protein content of chorizos made using plant ingredients remains uncompromised, along with offering sufficient quantities of fiber. Traditional chorizos, although a good source of meat protein, are often associated with extreme calories and high cholesterol levels. As the awareness of the benefits of plant-based chorizos continues to improve, market players can expect more revenue in the coming years.
Rising concerns over the severe environmental impact of the pork industry drive more people toward plant-based alternatives
One of the pressing concerns for environmental agencies is the ecological damage caused by the meat industry, including all forms of pollution and damage to the ecosystem. According to the Environment America organization, slaughterhouses were responsible for releasing nearly 55 million pounds of toxic substances into the country’s rivers and streams in 2018.
In addition to this, the meat industry has raised questions about extreme forms of animal cruelty in the form of factory farming, painful operations on animals without the use of Anesthesia, and severe confinement. Animal welfare agencies are consistently working on highlighting the state of animals in pigs in farming facilities, generating awareness.
Subsequently, these efforts have resulted in an increase in the number of people switching eating habits to cleaner diets, including the products available in the global plant-based chorizo market.
Competition from conventional chorizos and preference of the general public to limit market expansion
The global plant-based chorizo industry is projected to be restricted by the high competition it faces from conventionally consumed chorizos made of pork-based ingredients. A substantial number of end consumers continue to prefer pork chorizos due to the authenticity of the food item.
Furthermore, the difficulties faced by plant-based chorizo makers in achieving food texture and taste that appeal to the larger audience act as a major roadblock against consistent growth for the industry players.
Increasing launch of news of novel solutions in the market to generate growth momentum in the coming years
The global plant-based chorizo market is projected to generate exceptional growth opportunities due to the increasing rate of innovation adoption by industry players. The introduction of new plant-based chorizo items in the market not only improves customer awareness but also impacts the overall perception among consumers about the food product.
For instance, in January 2022, Chipotle Mexican Grill, a global and widely popular food retail brand, announced the launch of Plant-Based Chorizo for a restricted time in the US market. Chipotle launched plant-based chorizo made of farm-based fresh ingredients as opposed to lab-grown solutions. The brand registered a positive consumer acceptance rate, according to industry reports.
In December 2022, Squeaky Bean, a food brand of The CompleatFood Group, launched Cooking Chorizo Style Sausage in the UK market, thus expanding the company’s vegan meat alternatives range.
According to company claims, the new product offers the same taste and texture as conventional chorizo. The industry players can further benefit by expanding into new markets, especially emerging economies witnessing food globalization and changing consumer lifestyles.
Challenges in consistent procurement of raw materials will create growth barriers for the market players
The global plant-based chorizo market is projected to come across extreme challenges in the coming years due to the difficulties faced in terms of procuring raw materials for chorizo production. The food industry, in general, relies heavily on plant-based resources for all types of food production. Ensuring a consistent supply of main ingredients such as soy and peas for plant-based chorizo can be complicated, further diluting the market expansion rate in the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Plant-Based Chorizo Market |
Market Size in 2024 | USD 45.36 Million |
Market Forecast in 2034 | USD 109.98 Million |
Growth Rate | CAGR of 9.26% |
Number of Pages | 226 |
Key Companies Covered | Squeaky Bean, Trader Joe's, MorningStar Farms, Chipotle Mexican Grill, Field Roast, Yves Veggie Cuisine, El Popular, Tofurky, Upton's Naturals, Beyond Meat, Lightlife, Abbot's Butcher, The Meatless Farm Co., Heura Foods, Impossible Foods., and others. |
Segments Covered | By Form, By Product Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2019 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global plant-based chorizo market is segmented based on form, product type, distribution channel, and region.
Based on the form, the global market segments are ground, sausages, and others. In 2024, the highest growth was listed in the ground form, which is more popular in Mexican cuisine. Grounded plant-based chorizo can be easily incorporated into a wide range of food items, such as soups and tacos, enabling higher usage. Sausages, on the other hand, also enjoy considerable revenue due to the higher usage of Spanish dishes. According to market research, over 80% of US citizens like consuming Mexican food, which caters to the higher usage of grounded chorizos.
Based on product type, the global plant-based chorizo industry is divided into tempeh-based, seitan-based, soy-based, and others.
Based on the distribution channel, the global market divisions are convenience stores, supermarkets/hypermarkets, online retail, and others. In 2024, higher growth was listed in the supermarkets/hypermarkets segment. These facilities cater to a wide range of consumers daily. The dynamic composition of the buyer group visiting supermarkets allows industry players to generate higher revenue compared to standalone food retailers. According to the latest findings, more than 6.01% of US citizens indulge in grocery shopping every day.
Europe to deliver the highest revenue during the forecast period
The global plant-based chorizo market will be led by Europe during the forecast period. Chorizos are highly common in the Spanish diet, and they are consumed regularly across the European continent. The growing demand for chorizos in all forms, including plant-based alternatives, will create exceptional revenue for the industry players in Europe, according to market analysis.
Furthermore, a growing rate of the European population has shown an exceptional inclination toward plant-based diet items due to changing consumer lifestyles and growing environmental awareness. For instance, according to market analysis, more than 2.29 million people across European countries are currently following a vegan diet, and the numbers are expected to continue growing in the coming years.
North America is projected to offer exceptional growth opportunities for plant-based chorizo makers. Mexican cuisines are widely popular across North America, including the US. In addition to this, the growing introduction of new plant-based chorizo items in the North American market will play a pivotal role in shaping the regional industry.
In January 2024, Taco Del Mar, a Mexican fast-casual restaurant chain, launched an all-new Spicy Chorizo Hash across its Canadian and US locations. The novel item is a plant-based meat alternative, thus catering to the food requirements of consumers seeking plant-based chorizos.
The global plant-based chorizo market is led by players like:
The global plant-based chorizo market is segmented as follows:
By Form
By Product Type
By Distribution Channel
By Region
FrequentlyAsked Questions
Plant-based chorizo sector is a growing industry that deals with the sale of meat substitutes for traditionally consumed pork-based food items.
The global plant-based chorizo market is expected to be driven by the increasing health consciousness among consumers.
According to study, the global plant-based chorizo market size was worth around USD 45.36 million in 2024 and is predicted to grow to around USD 109.98 million by 2034.
The CAGR value of the plant-based chorizo market is expected to be around 9.26% during 2025-2034.
The global plant-based chorizo market will be led by Europe during the forecast period.
The global plant-based chorizo market is led by players like Squeaky Bean, Trader Joe's, MorningStar Farms, Chipotle Mexican Grill, Field Roast, Yves Veggie Cuisine, El Popular, Tofurky, Upton's Naturals, Beyond Meat, Lightlife, Abbot's Butcher, The Meatless Farm Co., Heura Foods and Impossible Foods.
The report explores crucial aspects of the plant-based chorizo market, including a detailed discussion of existing growth factors and restraints while browsing future growth opportunities and challenges that impact the market.
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