Report

Global Vegan Food Market Report and Forecast

145 pages Dec 2024
Global Vegan Food Market Repor

Global Vegan Food Market Report and Forecast 2032

Global Vegan Food Market Share, Size, Analysis, Growth, and Report - By Product (Dairy Alternatives, Meat Substitutes, Others), By Source (Almond, Soy, Oats, Wheat, Others) By Dist...ribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Others), and Others Read more

  • Food & Beverages
  • Pages : 145
  • Dec 2024
  • Report Format :  

    Forbes Logo Forbes Logo Forbes Logo

Vegan Food Market Insights & Analysis

Global Vegan Food Market is anticipated to register a CAGR of around 7.60% during the forecast period, i.e., 2025-32. Along with this, the market is valued at USD 38.21 billion in 2024 & is foreseen to reach nearly USD 112 billion by 2032. The need from customer for meat substitutions & alternative dairy items is expected to upscale, enhancing product acceptance.  A vegan diet demands the abolition of high-calorie meals & bad carbs, which would naturally assist to diminish weight gain. A vegan diet contains of evading animal products & eating primarily plants. Vegan diets offer high levels of antioxidants, fiber, plant components, vitamins A, C, and E, among other things. Vegetarians & vegans eat much more legumes, fruits & vegetables, tomatoes, allium vegetables, fiber, and vitamin C on a plant-based diet, which aids in protecting the human body from cancer. These benefits of vegan products are drawing new consumer to a vegan diet.

Moreover, the major instigators behind the acceptance of this diet are environmental & ethical considerations. Vegans avoid meat, eggs, and dairy products, as well as anything made from animal-derived raw ingredients. They even eliminate products that include trace amounts of animal products, like certain types of wines & white sugar made with animal byproducts. Further, as per the National Health Portal of India, a vegan diet has several health benefits over an omnivore diet, such as a lower prevalence of heart attacks, strokes, and cancer. Some people are shifting to a vegan diet due to its claimed health benefits. Also, individuals are moving towards vegan diets in response to the amplified prevalence of obesity & its associated health problems.

Global Vegan Food Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2025-2032): 7.60%

  • Market Value 2032: USD 112 Billion

  • Fastest Growing Market: North America

  • Major Players: Amy’s Kitchen, Archer Daniels Midland Company, Beyond Meat, Conagra, Inc., Danone S.A., Daiya Foods, Inc., Eden Foods, Inc., Impossible Foods Inc., and Others 
 

Additionally, obesity rates are increasing worldwide, and health problems like heart disease, high blood pressure, diabetes, asthma, and others have elevated consumer awareness of general health. This has led to an upsurge in demand for all types of healthy food products, such as vegan options. Also, in recent years, the number of vegans has risen worldwide, specifically in industrialized countries, such as North America & Europe. Further, this demographic is either lactose intolerant or very alert about their dietary consumption. Hence, the increasing vegan community, combined with an upgrade in the number of health-conscious consumers, encourages need for vegan food products.

Vegan Food Market Dynamics

  • Increasing Consciousness about Animal Cruelty to Fuel the Market

People’s awareness regarding animal cruelty is increasing with the passing of time. Many of the individuals are adopting habits & diets to reduce animal cruelty & the negative environmental impacts of eating animal products. As per the scholarly journal, dairy & meat products account for almost 60% of agriculture's greenhouse gas emissions. Thus, with the acceptance of a vegan diet there would be less usage of animals for food production.

Furthermore, organizations such as PETA (People for the Ethical Treatment of Animals) are constantly channeling efforts to raise awareness about animal rights & cruelty, which has led to an upsurge in the number of individuals switching to a vegan diet. Thus, this move is fueling up demand for vegan cuisine, further the Global Vegan Food Market is recently expanding & is presumed to continue to grow steadily over the forecast period.


Global Vegan Food Market Report and Forecast 2032

  • High-priced Vegan Produces & Related Deficiencies to Restraint the Industry

Vegan food makers are emerging & introducing a variety of plant-based alternates into the market. However, their cost is often higher than traditional animal-based food or dairy items. This, in turn, constraint their consumption among the middle- & lower-middle classes, posing a challenge to the Vegan Food Market. Moreover, there are various nutrients that are only found in animal-based goods & not in plant-based products, thus severely following to a vegan diet might result in nutritional shortages. As a result of these deficiencies, vegan food adoption is inadequate, hampering Vegan Food Market growth.

Vegan Food Market Segment-wise Analysis

By Source:

  • Almond
  • Soy
  • Oats
  • Wheat
  • Others

Soy's adaptability & nutritional profile aid to drive the expansion of the Vegan Food Market. Soybeans are a complete protein source, as they contain all of the amino acids needed for human health. For vegans & those seeking plant-based protein substitutes, soy is a viable option. Tofu, tempeh, and soy milk have become vegan staples, offering a variety of culinary options.

Moreover, soy milk is a favored dairy-free choice that could be used for cooking, baking, or as a standalone beverage. Also, soy-based components are often utilized in the production of vegan meat substitutes. Soy protein isolates or concentrates are deployed to produce items that have the texture ^ flavor of meat. These meat substitutes have developed in popularity as they can meet the requirements of consumers who require the reliability of meat in a plant-based form.

By Distribution Channel:

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Supermarkets & Hypermarkets captures the potential share of the Vegan Food Market. The distribution channels provide consumer the accessibility of one-stop shopping, which makes it convenient to find a broad range of vegan food options at one place. This convenience encourages individuals to look into & try plant-based substitutes. Moreover, these retail stores have the capability to affect consumer behavior through product placement, marketing, and promotional efforts.

Additionally, supermarkets & hypermarkets enhances visibility & appeal by reserving shelf space & prominently displaying vegan products, boosting both vegans & non-vegans to try plant-based diets. Also, the Packaged Vegan Foods Market within the food sector is emphasizing on pre-packaged plant-based food products for vegans, due to aspects, like changing consumer preferences & heightened vegan options.

Regional Projection of the Global Vegan Food Industry

The Global Vegan Food Market is geographically diversified, covering:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America has been accountable for a substantial share of the Vegan Food Market over the past few years and is anticipated to thrive in the upcoming years. It is generally owing to individuals’ shifting living standards & their elevated sensitivity & preference for a vegan diet as a way to reduce animal cruelty. These aspects are driving food producers to expand their manufacturing & distribution capabilities, making vegan whole food, vegan raw food, vegan frozen food, and other alternatives to meet the growing need from consumers across the North America Vegan Food Market.

What Does Our Global Vegan Food Market Research Study Entail?

  • Global Vegan Food Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • Global Vegan Food Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.


Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Policy and Regulatory Landscape
  7. Global Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Product
      1. Dairy Alternatives
      2. Meat Substitutes
      3. Others
    3. Market Share, By Source
      1. Almond
      2. Soy
      3. Oats
      4. Wheat
      5. Others
    4. Market Share, By Distribution Channel
      1. Supermarkets and Hypermarkets
      2. Convenience Stores
      3. Specialty Stores
      4. Online Stores
      5. Others
    5. Market Share, By Region
      1. North America
      2. South America
      3. Europe
      4. The Middle East & Africa
      5. Asia-Pacific
    6. Market Share, By Company
      1. Revenue Shares
      2. Competition Characteristics
  8. North America Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Product
    3. Market Share, By Source
    4. Market Share, By Distribution Channel
    5. By Country
      1. The US
      2. Canada
      3. Mexico
    6. The US Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    7. Canada Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    8. Mexico Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
  9. South America Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Product
    3. Market Share, By Source
    4. Market Share, By Distribution Channel
    5. By Country
      1. Brazil
      2. Argentina
      3. Rest of South America
    6. Brazil Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    7. Argentina Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
  10. Europe Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. By Product
    3. By Source
    4. By Distribution Channel
    5. By Country
      1. Germany
      2. The UK
      3. France
      4. Spain
      5. Italy
      6. Rest of Europe
    6. Germany Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    7. France Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    8. The UK Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    9. Spain Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    10. Italy Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
  11. The Middle East & Africa Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. By Product
    3. By Source
    4. By Distribution Channel
    5. By Country
      1. The UAE
      2. Saudi Arabia
      3. South Africa
      4. Rest of the Middle East & Africa
    6. The UAE Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    7. Saudi Arabia Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    8. South Africa Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
  12. Asia-Pacific Vegan Food Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. By Product
    3. By Source
    4. By Distribution Channel
    5. By Country
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. Rest of Asia-Pacific
    6. China Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    7. India Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    8. Japan Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    9. South Korea Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
    10. Austraila Vegan Food Market Overview (2020-2032)
      1. Market Share, By Product
      2. Market Share, By Source
      3. Market Share, By Distribution Channel
  13. Competitive Outlook (Company Profile - Partila List)
    1. Amy’s Kitchen
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    2. Archer Daniels Midland Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    3. Beyond Meat
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    4. Conagra, Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    5. Danone S.A.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    6. Daiya Foods, Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    7. Eden Foods, Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    8. Impossible Foods Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    9. Kellogg Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    10. Tofutti Brands
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    11. The Hain Celestial Group, Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    12. VBites Foods Ltd
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    13. Others
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
  14. Disclaimer

Companies Mentioned

  • 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
  • Others

Frequently Asked Questions

   A. Global Vegan Food Market is anticipated to witness a rise at a CAGR of around 7.60% during the forecast period, i.e., 2025-32.

   A. The increasing consciousness about animal cruelty to fuel the Global Vegan Food Market demand graph through 2032.

   A. The high-priced vegan produces & related deficiencies to restraint the Global Vegan Food Market.

   A. The leading companies in Global Vegan Food Market are 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