Global Vegan Food Market Size Valued at $13.25 Billion | CAGR: 10.2%

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Global Vegan Food Market Growth & Trends

The Global vegan food market growth is anticipated to reach a CAGR of 10.2% over the forecast period as per the new research report published by Confianza Market Research & Consultancy. The global food market is observing a tremendous change in demand for vegan products, the key reason for the increasing trend for the vegan market is growing environmental awareness and health consciousness. Fast food restaurants are offering more vegan verities to expand customer intake. The risk and cost related to vegan food are relatively low compared to non-vegan food, veganism is expected to grow in coming years as society is demanding more plant-based food items.

The rise in demand for vegan food has impacted the demand for meat and other dairy products, adoption of vegan food habit has become a regular diet as it also inspires to eat healthy food, vegan food has become a substitute for a healthy lifestyle. Most of the consumer gets attracted to organic food which is considered as most healthy food. The growing trend for plant-based products has a huge impact on the supply chain as organizing has become more environmentally friendly and sustainable. The only challenges are keeping the food fresh as most of the vegan items are perishable and consumption duration is short.

The global vegan food market is distributed as per its application such as a substitute for dairy and meat products. Also, the market is divided into online and offline availability. Trending online food delivering services are playing a measure role in increasing demand for items. Delivery platforms like Zomato, swiggy, Uber eats, Amazon, big basket are the key market players in this market.

The Asia-pacific region is the fastest-growing market for vegan food as the demand is increasing from developing countries such as China, India, and Indonesia. North American market has observed a large share in the vegan market due to animal protection movements and environmental awareness campaigns.  

View detailed analysis & sample report here: Vegan Food Market Size, Share & Trends Analysis Report 2020-2027 (PDF)

Market Segmentation

  • Global Vegan Food Product Overview (Revenue, USD Million, 2017- 2027)
    • Dairy Alternatives
      • Cheese
      • Dessert
      • Snacks
    • Meat Substitutes
        • Tofu
        • TVP
        • Seiten
        • Quorn
        • Others
    • Others
  • Global Vegan Food Distribution Channel Overview (Revenue, USD Million, 2017- 2027)
    • Offline
    • Online
  • Global Vegan Food Regional Overview (Revenue, USD Million, 2017- 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • UK
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa

Global Vegan Food Market Size Valued at $13.25 Billion | CAGR: 10.2%

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