R&D innovation in the areas of ingredient sourcing and formulation drives the plant-based meat alternative category in the global market

Consumers are becoming more health-conscious and seeking plant-based alternatives to traditional meat products.

Health and Wellness:

The plant-based sausages market is likely to reach a valuation of $1.3 billion in 2023, and $12.9 billion by 2033. The market is likely to record a CAGR of 26.5% during the forecast period. Convenience, ecological, ethical, and health considerations strongly influence consumer acceptance of plant-based sausages. In the coming years, these trends will likely persist. Several key factors are driving the market.

Concerns about the environmental impact of animal agriculture are driving consumers to seek more sustainable and environmentally friendly alternatives.

Environmental Concerns:

Consumers look for meat alternatives made from plants out of concern about the welfare of animals.

Animal Welfare:

As the quality of plant-based products has improved, consumers are increasingly choosing plant-based sausages for taste and texture.

Taste and Texture:

Plant-based sausages are often seen as a more convenient option for people looking for quick and easy meal options.

Convenience:

• Based on product type, plant-based pork is expected to record a CAGR of 28.0% by 2033. The market secured a CAGR of 23.7% between 2018 and 2022.

• The taste and texture of plant-based pork sausages have improved in recent years, making them more appealing to consumers.

• A few key players in the market — Beyond Meat, Impossible Foods, Lightlife — are expanding distribution channels to reach more consumers.

Plant-based Pork Grows Rapidly

Top Global Market Plant-Based Trends

Source: Plant-based Sausages Market Report by Future Market Insights

• Soy-based protein sausages currently dominates the category, and are likely to record a CAGR of 23.9% by 2033. The segment secured a CAGR of 21.1% between 2018 and 2022.

• Soy-based sausages are widely available, and have a meat-like texture, making them suitable for various applications.

• Wheat-based, pea-based, and mushroom-based sausages are becoming more common, and are increasingly used in plant-based innovations.

Primary plant-based source ingredients