Plant-Based Chorizo Market

Plant-Based Chorizo Market Overview

The report is titled as ‘Plant-Based Chorizo Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Plant-Based Chorizo market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

Plant-Based Chorizo Introduction

Chorizo can be perceived as a kind of sausage that initially originated in Spain and is one of various kinds of Spanish sausages. Chorizo is one of the most well-known constituents in various Hispanic cuisines, as well as cuisines inspired by Spain, such as the Philippines. On top of that, plenty of people in the United States are conversant with chorizo as an ingredient in Mexican cuisine, where it is an extremely known taco filling. None the less, this is barely one kind of chorizo and just the peak of the iceberg when speaking of this class of sausages. Ranging from smokey corned Spanish chorizo to the crispy Mexican variations and herbaceous grilled chorizos of South America, there is a lot to discover within the realm of chorizos. Sngfiantly, the majority of the Spanish chorizos feature three common constituents: smoked paprika, pork, and garlic.

In recent times, Chipotle, a popular American chain of fast casual restaurants, has introduced a long awaited fresh menu offering: plant-based "chorizo". This groundbreaking and imaginative new protein was experimented and well-tried in a few markets in past years, and it is the second plant-based protein alternative to be served in restaurants. Chorizo is popular for its rich, deep flavor with a limited amount of spice. Chipotle's plant-based version of chorizo features ripe tomato paste, chipotle peppers, Spanish smoked paprika, crushed garlic, and extra-virgin olive oil coupled with natural pea protein. Thus, the plant based chorizo is considered a certified vegan and free of colors, artificial flavors, grains, preservatives, soy, and gluten. Owing to which, the global plant based chorizo market is projected to grow significantly over the following years.

Plant-Based Chorizo Market Segmentation

The plant-based chorizo market is segmented on the basis of source, application, distribution channel, and region.

By Source

Pea Protein

Soy Protein

Other Sources

By Application

Nachos

Pizza

Dips

Pasta

Tacos

Salad

Rolls

Stuffed Dishes

Others

By Distribution Channel

Hypermarkets/Supermarkets

Convenience Stores

Specialty Stores

Independent Small Groceries

Online Retail

Other Retail Formats

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Plant-Based Chorizo Market Key Players

Some of the key participating players in plant-based chorizo market are:

Chipotle

ADM

RollinGreens

Beyond Meat

Blue Tribe

Impossible Foods

Lightlife Foods

Tofurkey

No Evil

Field Roast

Simple Truth

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Global Plant Based Food Industry Outlook

Top Companies Historical Growth Rate

Pricing Impact

Impact of Regulations

Advantages of Plant-Based Chorizo

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.