Vegan Food Market Research Report

Growth opportunities in the global vegan food market look promising over the next six years. A global uptick in construction activities, stringent building codes and environmental standards, and increasing usage of concrete admixtures are key factors that are driving the growth of the global vegan food market.

Introduction of the Vegan Food Market:

Vegan food products refer to the type of vegetarian diet that are processed from plant-based resources. The numerous types of ingredients used in vegan food products include meat, dairy, and all other animal-derived ingredients. Vegan foods offer all the nutrients needed to support a healthy diet without the use of any animal-derived food product. Vegan food products such as meat substitutes, dairy substitutes, and other bakery products, fruits, confectionery products, vegetables, and whole grains. Dairy substitute products include food and beverages that are prepared from flaxseed, almond, coconut, soy, rice, hemp seed, and other raw materials. Dairy-free vegan foods include milk, yogurt, ice cream, butter, coffee creamer, mayo, and cheese.

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Vegan Food Market Dynamics (Including market share, size, and statistics)

The growing awareness of people towards a healthier lifestyle, rising concerns towards animal cruelty, and the increasing rate of obesity globally are major factors surging the growth of the global vegan food industry. The vegan food products provide remarkable advantages such as the decreased risk of heart attack, diabetes, high blood pressure, and other advantages. The rising number of consumers demanding gluten-free and vegetarian food, along with the easy availability of large range of plant-based meat and dairy products, will further boost the growth of the vegan food market size in the upcoming years.

According to the vegan food market statistics, the growing availability of information on the internet, social media platforms, and celebrity influencers related to the health benefits of vegan products will encourage the consumers to opt for vegan food products. Additionally, rising concerns about negative impact of animal killing on environment and outbreaks of devastating diseases including, Swine flu, SARS, and COVID-19, will propel the consumer interest in buying vegan foods in the upcoming years. On the other hand, increasing market of cultured meat, the high price of vegan food products, and allergy concerns regarding the vegan foods, including soy bean, pea protein, tree nuts,  wheat,  will hinder the growth of the vegan food market share in terms of revenue.

The ongoing coronavirus crisis is experiencing an upsurge in the demand for vegan food products during the forecast period. The rising trend of veganism due to the significant shift in the consumer’s diet pattern from meat products to vegan food products is the key driver bolstering the demand for vegan food products during the COVID-19 outbreak.

Key Players of the Global Vegan Food Market:

·        Annie’s Homegrown

·        Plamil Foods Ltd.

·        Atlantic Natural Foods, Inc.

·        Kite Hill

·        Make My Day Food Inc.

·        Miyoko’s Creamery

·        Tofurky

·        Amy’s Kitchen

·        Beyond Meat

·        Earth Balance

·        Eden Foods

·        Cedar Lake Foods

·        Earth’s Own Food Company

·        The WhiteWave Foods Company

Vegan Food Market Segmentation:

Global Vegan Food Market Report Segment by Product Type:

·        Dairy Substitutes

o    Cheese

o    Ice Cream

o    Milk

o    Yogurt

o    Others

·        Meat Substitutes

o    Tofu

o    Tempeh

o    Seiten

o    TVF

o    Quorn

o    Others

·        Others

Global Vegan Food Market Report Segment by Distribution Channel:

·        Grocery Stores

·        Convenience Stores

·        Speciality Stores

·        Supermarkets/Hypermarkets

·        Online Platforms

Global Vegan Food Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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