The Global Vegan Food Market size was valued at around USD 22.2 Billion in 2023 and is estimated to grow at a CAGR of around 10.5% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Vegan Food Market
Global Vegan Food Market Driver: Growing Health Awareness Among Individuals
In the present times, it is being observed that several individuals globally are suffering from diseases like obesity, heart disease, blood pressure issues, etc., owing to their bad lifestyle eating habits. To overcome the widely increasing health issues diseases, numerous people are inclining towards healthy habits or foods. As vegan foods are high in fiber, contain less fat carbs, and help improve the metabolism, individuals are including them in their diet, therefore increasing the vegan foods demand. Also, many of the high-fine dining restaurants, cafes, and food manufacturers are introducing food items dishes cooked or baked with plant-based ingredients, and are offering several vegan dishes to attract consumers seeking for healthy plant-based diet. Hence, owing to the growing popularity of vegan food among consumers, the Vegan Food Market is destined to drive.
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Scope of the Report and Vegan Food Market Segmentation
By Product Type
-Dairy Products
-Meat Substitutes
- The Meat Substitutes segment holds the potential share of the Vegan Food Market
By Distribution Channel
-Online
-Offline
--Convenience Stores
--Specialty Stores
--Supermarkets/Hypermarkets
Top leading companies in the Vegan Food Market includes:
Amy’s Kitchen, Archer Daniels Midland Company, Beyond Meat, Conagra, Inc., Danone S.A., Daiya Foods, Inc., Eden Foods, Inc., Impossible Foods Inc., Kellogg Company, Tofutti Brands, The Hain Celestial Group, Inc., VBites Foods Ltd., and Others
Vegan Food Market Development
- May 2024: Beyond which is one of the leading vegan food companies. Declared that it had launched a new Beyond Burger, which is cooked with avocado oil has a patty made with peas, brown rice, red lentils, and faba beans is widely available in every retail store worldwide. Meat,
- March 2024: Conagra, Inc., introduced a wide variety of new meals, vegetable sides, and snacks at the Natural Products Expo West 2024, This was inspired by the growing culinary trend popular restaurant dishes. The company’s latest offerings blend quality ingredients, great flavor, and convenience.
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Geographical analysis:
North America: The US, Canada, Rest of North America
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: India, China, Japan, Rest of Asia-Pacific
Latin America: Mexico, Brazil, Argentina, Rest of Latin America
Middle East Africa: GCC, South Africa, Rest of Middle East Africa
- North America accounted for a prominent share of the Vegan Food Market over the past few years is presumed to flourish in the forecast years.
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