Plants (fruits, vegetables, grains, nuts, and seeds) and plant-based foods constitute the foundation of a vegan diet. Vegans abstain from eating foods derived from animals, such as dairy and eggs. A vegetarian abstains from all animal products, including fish, poultry, and meat. A vegan also abstains from eating eggs, dairy, and other foods that come from animals. People are being encouraged to switch from eating animal products to plant-based meals due to growing concerns about animal abuse and health. Vegan diets are used to control diabetes by lowering A1C levels, encourage weight loss, lower the risk of heart disease, and lower the risk of developing certain cancers, such as colon cancer. Due to the health advantages of veganism, some consumers are making the switch.
Major Key Players Mentioned in this Premium Report
· Amy’s Kitchen (U.S)
· DAIYA FOODS INC. (CANADA)
· Danone (FRANCE)
· Beyond Meat (U.S)
· Tofutti Brands Inc. (U.S)
· Plamil Foods Ltd (U.K)
· VBites Foods Limited (U.K)
· Eden Foods Inc. (U.S)
· VITASOY International Holding Limited (CHINA)
· SunOpta (Canada)
· Axiom Foods, Inc. (U.S)
· Archer Daniel’s Midland (U.S)
· Eden Foods, Inc (U.S)
· Gardein (Canada)
· Quorn Foods (U.K)
· Alpro (Belgium)
· The Hain Celestial Group (New York)
· Upton’s Naturals (U.S)
· Sweet Earth (U.S)
· Field Roast (U.S)
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Research Methodology:
IMR Market Reports inculcated modern methodologies to obtain, summarize and analyze authentic data to produce a highly relevant report which helps to make sound decision making. Primarily, we are working based on research methodologies, including primary and secondary research. We gather data for the secondary research from an assortment of sources, including published official articles, annual reports, official corporate websites, private company journals, and paid databases such as Statista, Factiva, Euromonitor, D&B, and IMR's Data Repository, among others. In the primary research, we contact the key companies in the market, gather the necessary data, and have it analyzed by experts in the industry.
Learn more about key segments shaping this market
By Product Type
· Meat & Seafood
· Ice Cream & Frozen Novelties
· Yogurt
· Cheese Butter
· Other
By Distribution Channel
· Supermarkets/Hypermarkets
· Specialty Stores
· E-Commerce
By Region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Russia, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe),
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
Due to growing public awareness of animal abuse, North America is the world's largest market for vegan cuisine. This market is expanding as a result of growing awareness of the food industry's effects on the environment. The US market for alternative dairy products is being driven by an increase in the number of persons who are lactose intolerant. The purchase patterns of the North American and European regions are identical. The money generated by vegan eateries in these locations is also rising as a result of the greater awareness of veganism. Large food companies, such as Domino's and Starbucks, have introduced vegan goods to try and win over more customers in Europe. In Europe, the number of vegan consumers is growing. Large market participants in this area are attempting to introduce fresh, inventive food.
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Vegan Food Market Report Scope
Report Attribute | Details |
The market size value in 2023 | USD 17,543.00 Million |
The revenue forecast in 2032 | USD 37,332.36 Million |
Growth Rate | CAGR of 9.9% from 2023 to 2032 |
Base year for estimation | 2023 |
Historical data | 2017 - 2023 |
Forecast period | 2024 - 2032 |
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Growth factors
A lot of customers have sedentary lifestyles. A significant portion of the world's population suffers from obesity and cardiovascular disease, among other health-related issues. Customers are being encouraged to switch to plant-based food items as a result of growing knowledge of animal abuse and health issues in the food business. The vegan diet is becoming more and more popular in the US, Australia, New Zealand, UK, Ireland, Israel, and Canada, among other countries. Meat products are no longer consumed by American consumers. The consumer base for the vegan food sector is growing as a result of growing awareness of the health advantages of plant-based goods. Reduced risk of heart disease, stroke, and early mortality are further advantages of plant-based goods.
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