Vegetarian Food Franchise Opportunities in Albuquerque, NM

• 40% of the American population is starting to make an effort to eat more plant-based foods (Source: Nielsen)
• Around 1% of the global population has celiac disease (dealsonhealth.net)
• 18 million people in America are sensitive to gluten (dealsonhealth.net)
• Gluten-free dishes now appear on 26% of US restaurant menus (dealsonhealth.net)
• The global gluten-free food market is predicted to reach $8.3 billion by 2025 (dealsonhealth.net)
• By 2021, plant-based dairy and meat sales were over $ 29 billion and are projected to increase to $ 162 billion by 2030 (dealsonhealth.net)
• The plant-based dairy and meat, alternatives to animal protein, make up nearly 8% of the global “protein foods” market (NYT)

With more than 560,000 residents, Albuquerque enjoys a median household income of $71,389. Men in Albuquerque currently earn an average income of $55,567. That figure is roughly 1.25 times the amount earned by females in Albuquerque. This leaves the city with an income inequality rating of 0.464 according to the Gini Index. That rating is lower than the current national average.

Albuquerque's sales tax is at 7.9% versus the current national average of 6.2%. The income tax rate for Albuquerque is 4.9%, slightly higher than the national average of 4.6%.

Unemployment figures in Albuquerque are currently at 7.4%. This is higher than the current the national unemployment rate of 6.0%.

Currently, just over 276,000 people work in Albuquerque. The industries offering the greatest number of jobs include Health Care & Social Assistance, Retail Trade, and Educational Services. Industries offering the highest paying jobs include Mining, Quarrying, & Oil & Gas Extraction, Professional, Scientific, & Technical Services and Public Administration.