Global Vegan Food Market 2022-2031: Featuring Amy’s Kitchen, Beyond Meat, Tofutti Brands, Eden Foods, and Sun Opta, Among Others – ResearchAndMarkets.com

DUBLIN–()–The “Global Vegan Food Market Report 2022” report has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the essential information they need to assess the global vegan market.

The global vegan food market is expected to grow from $13.55 billion in 2021 to $14.45 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to reach $18.73 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%.

Companies cited

  • Amy’s Kitchen

  • VITASOY International Holdings Ltd.

  • Beyond meat

  • Brands Tofutti

  • Plamil Foods Ltd.

  • Danone S.A.

  • Vbites Foods Ltd.

  • Eden Foods Inc.

  • Whitewave Foods Company Inc.

  • SunOpta Inc.

  • Pascal Group

  • Bhlue Diamond Producers

  • Archer Daniel Midland Company

  • Earth’s Own Food Company Inc.

  • Brand Panos LLC.

  • Bhlue Diamond Producers

  • Hain Celestial Group Inc.

  • Bio Vallet Corporate

  • Living Harvest Foods Inc.

  • Morningstar Farms

  • MGP Ingredients Inc.

  • Sonic Biochem Extractions Limited

  • ADM

  • Duopont

  • Nisshin Oillio Group

  • Schouten Europe

  • Memphis Meats

  • Alpha foods

  • Corbion Biotech Inc.

  • Familyleigh Inc.

  • Alpro

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The vegan marketplace is the sale of vegan products and related services for consumption. Vegan products include foods and beverages produced without the use of animal-derived ingredients or animal-derived ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, vegetable protein tofu, and vegetable protein meat.

Asia-Pacific was the largest region in the vegan food market in 2021. Western Europe was the second largest region in the vegan food market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

An increase in environmental concerns among the population is driving the growth of the vegan market. Raising and raising livestock such as pigs, chickens, cows, goats on farms contributes to the greenhouse effect. Greenhouse gases are released by farming livestock, such as cows, and the gases released prevent atmospheric heat from escaping, which increases the global temperature.

The demand for animal meat necessitates an excessive practice of animal husbandry. Thus, the increase in the number of vegan food consumers eliminates the demand for excessive animal husbandry, following a decrease in greenhouse gas emissions in the environment. According to the United States Environmental Protection Agency, in 2018 the total gross greenhouse gas emissions in the United States were 6,676.6 million metric tons of carbon dioxide equivalent ( MMT CO2 Eq). Thus, an increase in environmental concerns among the population is driving the growth of the vegan market.

Vegan food products lack certain nutrients. Vegan products do not contain any ingredients of animal origin or animal origin. Vegan foods do not contain adequate amounts of high quality protein and fats, vegan and vegetarian diets lack many very important minerals, such as calcium, iron and zinc. According to a 2020 study published by BMC Medicine, vegans have a higher fracture risk than meat eaters, fish eaters and vegetarians. The strongest associations were seen for hip fractures, for which fish eaters, vegetarians and vegans all had higher risks. This is due to insufficient calcium intake in a vegan diet. Hence, the lack of essential nutrient factor is impacting the growth of the vegan market.

One of the trends in the vegan market is the production of meat using cell technology. Cell-to-cell identical meat is produced in factories without involving the killing of animals. Cell-based meat production involves feeding animal cells with nutrients and proteins, eliminating the need to depend on animals for meat. Following the trend, in 2019, Memphis Meats, a US-based cellular meat start-up, received investment from Cargill, a US-based food production company, for the production of vegan animal meat based on of cells. Other major players such as Tyson Foods, a US-based chicken, beef and pork processor and marketer, are also investing in Memphis Meats to support cell-based meat production.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and United States.

For more information on this report, visit https://www.researchandmarkets.com/r/r519te