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The global plant-based sausage market is set to be worth a staggering $6.3 billion by 2028, according to new data.

Future Market Insights’ latest report predicts the market to grow to expand at more than 26 percent year-on-year – surpassing $1 billion by the end of next year.

‘Health-conscious’ consumers

Drivers for the growth include a growing number of ‘health-conscious’ consumers who’re shifting from meat-based sausages to vegan alternatives, as well as the growing use of plant-based sausages in the foodservice industry, and ‘rising demand for plant-based products’. 

The report also states that Europe will ‘remain the biggest market growing prolifically throughout 2028’ and that soy-based sausages will remain the ‘preferred source’ throughout the forecast period. 

Meanwhile, The Food and Agriculture Organization of the United Nations notes a decline in meat production, which up until recent years has risen every year for the past six decades.

‘Rising awareness’

An analyst for FMI said: “The plant-based sausages market growth is supported by a rising awareness pertaining health and the subsequent decrease in meat uptake.

“This limited consumption of meat products has further ushered in a decline in production, making way for plant-based sausages market expansion.”

You can read the full report here

Liam Giliver

Liam is the former Deputy Editor of Plant Based News. He has written for The Independent, Huffington Post, Attitude Magazine, and more. He is also the author of 'We're Worried About Him'.