Vegan Food Market Analysis and Forecast (2021-2027) by Type, Distribution Channel.

Vegan Food Market was worth US$ 17 Bn. in 2020 and total revenue is expected to grow at a rate of 11.47 % CAGR from 2021 to 2027, reaching almost US$ 40.52 Bn. in 2027.

Vegan Food Market Overview:

The increasing occurrences of chronic diseases signify one of the major influences enhancing the sales of vegan product as it supports in maintaining the blood sugar levels & reducing the threats of stroke, cholesterol & cancer. Many NGOs are spreading awareness concerning the health benefits of a vegan diet & endorsing farm animal safety. This, along with the growing awareness among individuals regarding animal health & brutality against animals, is catalysing the vegan products market demand. Moreover, key players are launching a range of high quality vegan food products in many flavours & attractive packaging solutions to appeal a wider customer base & expand their product portfolio. Also, there is a major rise in the requirement for vegan health & nourishment food items to remove nutritional deficiencies. This is definitely impelling the vegan supplements market & demand for vegan products globally. The accessibility of ready-to-eat & packed vegan food items, together with wide promotional actions by celebrities & sportspersons, is also inspiring the vegan food industry development. With the increasing popularity of the Veganuary Challenge on account of various awareness movements & the growing utilization of social media, restaurants & fast-food openings are coming up with a vegan-friendly menu, which is expected to increase the vegan food market. The vegan product as a ‘developing trend which should be commanding attention’. It anticipates that the vegan market, along with the product delivery market, will ‘endure their rising treks undergirded by customers accepting healthier, more suitable lifestyles. In some cases, the industry is surpassing the animal-based product market. While numerous industries were fighting during COVID-19 pandemic, the plant-based industry just kept rising. The market of vegan meat touched USD 1.4 Bn in the year 2020, increasing almost twice as fast as animal-based meat. The MMR report statistics tells us clearly that we are suffering a fundamental shift. A rising number of customers are selecting products which taste good & increase their health by including plant-based product into their diet. Investors are ready to invest millions in plant based products. For instance in April Australian brand for plant-based food v2food established an amazing USD 54 Mn in a series B Plus round. Non Dairy cheese brand Miyoko’s collected USD 52 Mn in a series C funding. The vegan product market is currently one of the rising trends in the food sector. With its welfares, the vegan product industry development proposals a lucrative opportunity for Food & Beverages companies. Veganism has become famous trend in the F&B industry, embracing nourishment, animal safety, food policies, etc. With a growing health complaint, consumers have driven demand for veganism styles somehow owing to the increase of health-conscious. The vegan product market has recently gained acceptance, particularly in the North American & European markets. The vegan product market has gone up the demand for many types of plant-based food items regarding dairy alternatives & meat substitutes. Recently, most of the items are processed with plant-based elements, with soy, almonds, etc. Thus, the veganism trend plays a major role in driving the vegan product market development. Vegan food items are non-dairy food products which are made from plant-based elements. Initially, meat substitutes are food items approaching actual meat regarding taste & flavor yet better than meat. They can basically consist of ingredients such as soy, wheat, etc. In particular, tofu will probably be one of the most popular meat alternatives in terms of chicken, beef, & so on. Also, non-dairy F&B items are derived from almonds & others. Usually dairy substitutes can be milk, cheese, butter, etc. The United States, Australia, the United Kingdom & Canada have the major vegan population. Recently, the United States has experienced a drastic drop in meat consumption. Customers’ insights have developed, so they see the marvelous aids of vegetables & vegan food items. Vegan food item helps to decrease the risk of heart disease, stroke, premature death, etc. Also, food market software has established suddenly, so it benefits to order food online accessibly via mobile app. Therefore, it increases the delivery capacity of vegan food items. The global vegan item market is categorized based on distribution channel & region. Since the increase in consciousness of physical actions, individuals start contributing in these actions to keep fit. It has driven the demand for health concerned products regardless of food, beverages. Vegan food suppliers have come up with many vegan items which can meet the supplies of target clients. The vegan product market is segmented by meat alternatives, dairy substitutes, & more, meat substitutes taken 1st place food market share. 2nd is non-dairy cheese items & desserts are measured the alternative food items to dairy items. They usually comprise low fat & calories without cholesterol. Nowadays, vegan food items are made from almond milk, which is expensive than others, soy and rice are the examples. According to the MMR report study, the rise of health awareness amongst customers is anticipated to open new prospects for the vegan food market. Vegan Food Market To know about the Research Methodology :- Request Free Sample Report

Distribution channels:

The offline distribution sector hold for a maximum market share. Specialty stores are one of the most active offline supply channels for the vegan product market. The increase of supermarkets in the dairy substitute can donate to the development of the vegan product market. Moreover, the 1 stop shop presented by retailers creates it a popular choice for customers. The F&B software development shape a high level of online supply channels through food ordering software. Customers can stay at home & order vegan food for their meals over Food ordering applications. Thanks to the increase of custom software progress facilities in the food tech industry, vegan food items are more feasible in front of consumers’ eyes. The objective of the report is to present a comprehensive analysis of the Vegan Food market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Vegan Food market dynamics, structure by analyzing the market segments and project the Vegan Food market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Vegan Food market make the report investor’s guide.

Vegan Food Market Scope: Inquire before buying

Vegan Food Market

Vegan Food Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Vegan Food Market key player

• Amy's Kitchen, Inc., • Beyond Meat, Inc • Daiya Foods, Inc. • Danone SA, • Eden Foods, Inc. • Plamil Foods Ltd. • Archer Daniels Midland Company • Tofutti Brands, Inc. • VBites Foods Limited, • Vitasoy Australia Products Pty Ltd. • Blue diamond growers • Earth’s own food company inc. • Hain celestial group, inc. • Living harvest foods inc. • Kikkoman corporation • Pascual group • Sunopta inc.

Frequently Asked Questions:

1) What was the market size of Vegan Food Market markets in 2020? Ans - Vegan Food Market was worth US$ 17 Bn in 2020. 2) What is the market segment of Vegan Food Market markets? Ans -The market segments are based on Type, Distribution Channel. 3) What is forecast period consider for Vegan Food Market? Ans -The forecast period for Vegan Food Market is 2021 to 2027. 4) Which are the worldwide major key players covered for Vegan Food Market report? Ans – Amy's Kitchen, Inc., Beyond Meat, Inc, Daiya Foods, Inc., Danone SA, Eden Foods, Inc. Plamil Foods Ltd. Archer Daniels Midland Company, Tofutti Brands, Inc. Bites Foods Limited, Vitasoy Australia Products Pty Ltd. Blue diamond growers, Earth’s own food company Inc. Hain celestial group, Inc., Living harvest foods Inc., Kikkoman corporation, Pascual group Sunopta Inc. 5) Which region is dominated in Vegan Food Market? Ans -In 2020, North America region dominated the Vegan Food Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Vegan Food Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vegan Food Market 3.4. Geographical Snapshot of the Vegan Food Market , By Manufacturer share 4. Vegan Food Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on Vegan Food market 5. Supply Side and Demand Side Indicators 6. Vegan Food Market Analysis and Forecast, 2020-2027 6.1. Vegan Food Market Size & Y-o-Y Growth Analysis. 7. Vegan Food Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Dairy Alternative 7.1.2. Meat Substitute 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 7.2.1. Offline 7.2.2. Online 8. Vegan Food Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Vegan Food Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Dairy Alternative 9.1.2. Meat Substitute 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 9.2.1. Offline 9.2.2. Online 10. North America Vegan Food Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vegan Food Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 12. Canada Vegan Food Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 13. Mexico Vegan Food Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 14. Europe Vegan Food Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 15. Europe Vegan Food Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Vegan Food Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 17. France Vegan Food Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 18. Germany Vegan Food Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 19. Italy Vegan Food Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 20. Spain Vegan Food Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 21. Sweden Vegan Food Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 22. CIS Countries Vegan Food Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 23. Rest of Europe Vegan Food Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 24. Asia Pacific Vegan Food Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 25. Asia Pacific Vegan Food Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vegan Food Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 27. India Vegan Food Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 28. Japan Vegan Food Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 29. South Korea Vegan Food Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 30. Australia Vegan Food Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 31. ASEAN Vegan Food Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 32. Rest of Asia Pacific Vegan Food Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 33. Middle East Africa Vegan Food Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 34. Middle East Africa Vegan Food Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vegan Food Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 36. GCC Countries Vegan Food Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 37. Egypt Vegan Food Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 38. Nigeria Vegan Food Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 39. Rest of ME&A Vegan Food Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 40. South America Vegan Food Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 41. South America Vegan Food Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vegan Food Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 43. Argentina Vegan Food Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 44. Rest of South America Vegan Food Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Vegan Food 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Amy's Kitchen, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Beyond Meat, Inc 45.3.3. Daiya Foods, Inc. 45.3.4. Danone SA, 45.3.5. Eden Foods, Inc. 45.3.6. Plamil Foods Ltd. 45.3.7. Archer Daniels Midland Company 45.3.8. Tofutti Brands, Inc. 45.3.9. VBites Foods Limited, 45.3.10. Vitasoy Australia Products Pty Ltd. 45.3.11. Blue diamond growers 45.3.12. Earth’s own food company inc. 45.3.13. Hain celestial group, inc. 45.3.14. Living harvest foods inc. 45.3.15. Kikkoman corporation 45.3.16. Pascual group 45.3.17. Sunopta inc. 46. Primary Key Insights

About This Report

Report ID123528
Category Food & Beverages
Published DateOct 2021
Updated Date
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