Global Vegan Food Market Research Report and Forecast

(1)

Global Vegan Food Market

Research Report and

Forecast 2021-2026

Author: Elena Anderson,

Marketing Manager |

IMARC Group

(2)

Report Description

About

IMARC Group

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

(3)

Report Description

Report Description and Highlights

Global Vegan Food Market Outlook 2026:

According to the latest report by IMARC Group, titled “Vegan Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global vegan food market size reached US$ 17 Billion in 2020.

Vegan food refers to a variety of foods that are free from dairy or meat. These food products are

commonly processed and derived from plant-based sources that are widely replacing regular dairy and meat products.

They are generally similar in flavor, taste and texture but are much healthier than their conventional counterparts. They are rich in iron, magnesium, folic acid and vitamins B1, C and E.

They are also characterized by a low concentration of cholesterol and saturated fats. As a result, they are extensively utilized in the preparation of numerous dishes.

(4)

Report Description

Report Description and Highlights

Global Vegan Food Market Trends:

The global market is primarily driven by the growing health consciousness among the masses. With the increasing incidences of lifestyle diseases on the global level, numerous individuals are actively seeking healthier substitutes of regular food products to incorporate into their regular meals.

This, coupled with the widespread awareness regarding the multiple health benefits associated with plant-based diets, is providing an impetus to the market growth.

The market is further driven by the numerous initiatives undertaken by non-government organizations (NGOs) to promote awareness regarding the prevention of cruelty against animals and encourage the uptake of vegan food products.

Moreover, several key players are now introducing premium-quality vegan food substitutes in the

market that are available in diverse flavors and innovative packaging solutions. This, in confluence with the aggressive promotional activities conducted by vendors and the increasing number of celebrity and athlete endorsements, is creating a positive outlook for the market.

On account of the aforementioned factors, the market is expected to grow at a CAGR of 11.4% during the forecast period (2021-2026).

(5)

Some of the other factors contributing to the market growth include rapid urbanization, inflating per capita income levels, the advent of ready-to-eat (RTE) vegan foods in the market and easy product availability through online and offline retail channels.

Market Summary: Breakup by Product:  Dairy Alternatives • Cheese • Desserts • Snacks • Others  Meat Substitutes • Tofu

• Texturized Vegetable Protein (TVP) • Seiten

• Quorn • Others

(6)

Breakup by Source: • Almond • Soy • Oats • Wheat • Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets • Convenience Stores • Specialty Stores • Online Stores • Others Breakup by Region: • North America • Europe • Asia Pacific • Latin America

• Middle East and Africa

(7)

Competitive Landscape With Keyplayer:

• Amy's Kitchen Inc. • Beyond Meat Inc. • Daiya Foods Inc. • Danone S.A • Eden Foods, Inc. • Plamil Foods Ltd.

• Archer Daniels Midland Company • Tofutti Brands Inc.

• VBites Foods Limited

• Vitasoy Australia Products Pvt Ltd.

View Report TOC, Figures and Tables : https://www.imarcgroup.com/vegan-food-market

Report Description

Report Description and Highlights

(8)

A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

(9)

A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

(10)

Report Description

Report Description and Highlights

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been

based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

(11)

FOR MORE DETAILS

Visit us at :

Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com