According to The Insight Partners report, “Plant-Based Ham Market Size, Share, Growth, Trends and Global Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type (Slices and Strips, Rolls, and Roasts) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others),” the global plant-based ham market size is expected to grow from $.494 billion in 2022 to $1.01 billion by 2028; it is estimated to grow at a CAGR of 12.7% from 2022 to 2028. The company says this growth is driven by the environmental impact of livestock industry and acceptance of sustainable food habits.
The COVID-19 pandemic and subsequent lockdowns, travel restrictions and business shutdowns adversely affected the industrial operations and economic growth of various countries in North America, Europe, Asia Pacific, South and Central America and the Middle East and Africa.