Vegan Food Market Outlook 2024-2033: Trends and Projections

The vegan food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Vegan Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The vegan food market size has grown rapidly in recent years. It will grow from $24.58 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to growing awareness of health and wellness, increasing concerns about the environmental impact of animal agriculture, ethical and animal welfare consideration, rising disposable incomes, globalization of veganism, government support.

The vegan food market size is expected to see rapid growth in the next few years. It will grow to $42.86 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to growing influence of social media, prevalence of food allergies, vegan activism and movements, retail expansion. Major trends in the forecast period include innovative product development, plant-based protein boom, vegan convenience foods, vegan seafood, vegan fast food, personalized nutrition.

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Scope Of Vegan Food Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Vegan Food Market Overview

Market Drivers –
The increasing number of vegans and vegetarians is expected to propel the growth of the vegan food market in the coming years. A vegan is a person who lives a lifestyle that strives to avoid, as far as feasible and practicable, all types of animal exploitation and cruelty for apparel, food, or any other reason. A vegetarian is a person who follows a diet that eliminates meat, fish, and fowl. They eat a plant-based diet rich in fruits and vegetables, grains, nuts, and seeds. Vegan cuisine delivers critical nutrients, beneficial fats, and humanitarian and ecological concerns to vegetarians and vegans. Vegans and vegetarians need to consume an appropriate diet that conceals all of their nutritional demands. For instance, in July 2023, according to the World Animal Foundation, a US-based digital platform that advocates for animal rights, ethical ownership of pets, and humane awareness, veganism was practiced by 6 percent of the US population. Nearly one-third of Americans are inclined to eat more vegan food. Therefore, the increasing number of vegans and vegetarians is driving the vegan food market.

The vegan food market covered in this report is segmented –

1) By Product Substitute: Dairy Alternative, Meat Substitute, Other Product Substitutes
2) By Source: Wheat, Soy, Oats, Almond, Other Sources
3) By Distribution Channel: Online, Offline

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Regional Insights –
Asia-Pacific was the largest region in the vegan food market in 2023. Western Europe was the second-largest region in the vegan food market report. The regions covered in the vegan food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies –
Major companies operating in the vegan food market include Amy’s Kitchen, VITASOY International Holdings Ltd., Beyond Meat, Tofutti Brands Inc., Plamil Foods Ltd., Danone S.A., Eden Foods Inc., Whitewave Foods Company Inc., Sun Opta Inc., Pascual Group, Bhlue Diamond Growers, Archer Daniel Midland Company, Earth’s Own Food Company Inc., Panos Brand LLC., Hain Celestial Group Inc., Organic Vallet Corporative, Living Harvest Food Inc., Morningstar Farms, MGP Ingridents Inc., Sonic Biochem Extractions Limited, ADM, DuPont de Nemours Inc., The Nisshin Oillio Group, Schouten Europe, Upside Foods, Alpha Foods, Corbion Biotech Inc., Famleigh Inc., 22 Days Nutrition, Annie’s Homegrown, Earth Balance, Field Roast

Table of Contents

1. Executive Summary
2. Vegan Food Market Report Structure
3. Vegan Food Market Trends And Strategies
4. Vegan Food Market – Macro Economic Scenario
5. Global Vegan Food Market Size and Growth
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31. Global Vegan Food Market Competitive Benchmarking
32. Global Vegan Food Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vegan Food Market
34. Vegan Food Market Future Outlook and Potential Analysis
35. Appendix

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