Vegan Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Description

In the era of the internet, consumers are more aware than ever about the sourcing and production of their food. This increased awareness has led to a rapid adoption of vegan diets as consumers seek to reduce their dependence on animal products. Recent research has also shed light on the environmental impact and greenhouse gas emissions of the meat industry, further driving the trend of adopting cruelty-free and environmentally sustainable lifestyles. This growing trend has created significant opportunities for the global vegan food market, as consumers aim to improve their dietary habits and lead healthier lives.

Focus on Dietary Habits Drives Market Growth:

The general population has become increasingly conscious of the sustainability and cruelty-free aspects of their dietary choices. Sedentary lifestyles, the consumption of processed foods, and high intake of carbohydrates and fats have had detrimental effects on public health. As a result, consumers are taking steps to improve their health and prevent cardiovascular diseases by adopting vegan diets. These plant-based diets are rich in vitamins, minerals, and fiber, and help boost metabolism and detoxify the body. This consumer inclination is fueling the growth of the global vegan food market.

Rising Demand for Sustainable Packaging Drives Market Expansion:

Sustainability is a key focus for consumers adopting vegan diets. People are now actively seeking to reduce food waste, limit their carbon footprint, and minimize the environmental impact of their consumption patterns. In response, market players are offering sustainable food packaging solutions, such as reducing plastic usage, adopting eco-friendly materials, and ensuring efficient recyclability. Sustainable packaging is no longer limited to vegan food alone, as label-conscious consumers demand more transparency about the contents of their food. These trends are creating favorable conditions for the expansion of the global vegan food market.

Focus on Dietary Choices and Cardiovascular Health Drives Growth in North America:

North America is experiencing significant growth in the vegan food market due to the wide availability and diversity of vegan food products. Increased awareness about nutrition, combating lifestyle diseases, weight loss, and maintaining cardiovascular health has driven the inclination towards veganism in the region. There are numerous vegan food brands in North America, and major food companies are also introducing vegan alternatives to popular products. The market has seen the entry of vegan meat substitutes with varying degrees of success in capturing consumer attention.

Key Players in the Global Vegan Food Market:

Leading competitors in the global vegan food market include: Beyond Meat, Archer Daniels Midland Company, DANONE S.A., Axiom Foods Inc., Conagra Inc., Alpro, Tofutti Brands Inc., and Kellogg Company.

1. Executive Summary

1.1. Global Vegan Food Market: Snapshot
1.2. Future Projections, 2022 - 2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Government Regulations
2.7. Vegan Trends: Key Regions
2.8. Recent Industry Developments
2.9. Economic Analysis
2.10. PESTLE Analysis

3. Global Vegan Food Market Outlook, 2019 - 2030

3.1. Global Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Meat Alternatives
  - 3.1.1.2. Dairy Alternatives
  - 3.1.1.3. Ice-cream & Desserts
  - 3.1.1.4. Misc.
- 3.1.2. Market Attractiveness Analysis
3.2. Global Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Supermarkets & Hypermarkets
  - 3.2.1.2. Convenience Stores
  - 3.2.1.3. Online Stores
  - 3.2.1.4. Misc. (Pharmacies, etc.)
- 3.2.2. Market Attractiveness Analysis
3.3. Global Vegan Food Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa
- 3.3.2. Market Attractiveness Analysis

4. North America Vegan Food Market Outlook, 2019 - 2030

4.1. North America Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Meat Alternatives
  - 4.1.1.2. Dairy Alternatives
  - 4.1.1.3. Ice-cream & Desserts
  - 4.1.1.4. Misc.
4.2. North America Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Supermarkets & Hypermarkets
  - 4.2.1.2. Convenience Stores
  - 4.2.1.3. Online Stores
  - 4.2.1.4. Misc. (Pharmacies, etc.)
4.3. North America Vegan Food Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S.
  - 4.3.1.2. Canada

5. Europe Vegan Food Market Outlook, 2019 - 2030

5.1. Europe Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Meat Alternatives
  - 5.1.1.2. Dairy Alternatives
  - 5.1.1.3. Ice-cream & Desserts
  - 5.1.1.4. Misc.
5.2. Europe Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Supermarkets & Hypermarkets
  - 5.2.1.2. Convenience Stores
  - 5.2.1.3. Online Stores
  - 5.2.1.4. Misc. (Pharmacies, etc.)
5.3. Europe Vegan Food Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany
  - 5.3.1.2. France
  - 5.3.1.3. U.K.
  - 5.3.1.4. Italy
  - 5.3.1.5. Spain
  - 5.3.1.6. Turkey
  - 5.3.1.7. Russia
  - 5.3.1.8. Rest of Europe
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Vegan Food Market Outlook, 2019 - 2030

6.1. Asia Pacific Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Meat Alternatives
  - 6.1.1.2. Dairy Alternatives
  - 6.1.1.3. Ice-cream & Desserts
  - 6.1.1.4. Misc.
6.2. Asia Pacific Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Supermarkets & Hypermarkets
  - 6.2.1.2. Convenience Stores
  - 6.2.1.3. Online Stores
  - 6.2.1.4. Misc. (Pharmacies, etc.)
6.3. Asia Pacific Vegan Food Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China
  - 6.3.1.2. Japan
  - 6.3.1.3. South Korea
  - 6.3.1.4. India
  - 6.3.1.5. Southeast Asia
  - 6.3.1.6. Rest of Asia Pacific
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Vegan Food Market Outlook, 2019 - 2030

7.1. Latin America Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Meat Alternatives
  - 7.1.1.2. Dairy Alternatives
  - 7.1.1.3. Ice-cream & Desserts
  - 7.1.1.4. Misc.
7.2. Latin America Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Supermarkets & Hypermarkets
  - 7.2.1.2. Convenience Stores
  - 7.2.1.3. Online Stores
  - 7.2.1.4. Misc. (Pharmacies, etc.)
7.3. Latin America Vegan Food Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil
  - 7.3.1.2. Mexico
  - 7.3.1.3. Rest of Latin America
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Vegan Food Market Outlook, 2019 - 2030

8.1. Middle East & Africa Vegan Food Market Outlook, by Food Type, Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Meat Alternatives
  - 8.1.1.2. Dairy Alternatives
  - 8.1.1.3. Ice-cream & Desserts
  - 8.1.1.4. Misc.
8.2. Middle East & Africa Vegan Food Market Outlook, by Distribution Channels, Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Supermarkets & Hypermarkets
  - 8.2.1.2. Convenience Stores
  - 8.2.1.3. Online Stores
  - 8.2.1.4. Misc. (Pharmacies, etc.)
8.3. Middle East & Africa Vegan Food Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC
  - 8.3.1.2. South Africa
  - 8.3.1.3. Egypt
  - 8.3.1.4. Rest of Middle East & Africa
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2021
9.2. Competition Matrix (By Tier and Size of companies)
9.3. Strategic Collaborations
9.4. Company Profiles
- 9.4.1. Danone S.A.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Conagra Inc.
- 9.4.3. Beyond Meat
- 9.4.4. Archer Daniel Midland Company
- 9.4.5. Daiya Foods Inc.
- 9.4.6. Hain Celestial Group
- 9.4.7. Impossible Foods Inc.
- 9.4.8. Tofutti Brands Inc.
- 9.4.9. Eden Foods Inc.
- 9.4.10. Amy's Kitchen
- 9.4.11. VITASOY International Holdings Ltd.
- 9.4.12. Plamil Foods Ltd.

10. Appendix

10.1. Acronyms and Abbreviations
10.2. Research Scope & Assumptions
10.3. Research Methodology and Information Sources