According to the latest report from the IMARC group, entitled “Global Vegan Food Market Report: Industry Trends, Share, Size, Opportunity and Forecast 2021-2026,“The global vegan food market reached US$17 billion in 2020. Looking ahead, IMARC Group expects the market grow at a CAGR of 11.4% over the period 2021-2026. Vegan food refers to a variety of foods without dairy or meat. These food products are usually processed and derived from plant sources which largely replace regular dairy and meat products. They are generally similar in flavor, taste, and texture, but are much healthier than their conventional counterparts. They are rich in iron, magnesium, folic acid and vitamins B1, C and E. They are also characterized by a low concentration of cholesterol and saturated fats. Accordingly, they are widely used in the preparation of many dishes.
We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Request a free sample report: https://www.imarcgroup.com/vegan-food-market/requestsample
Global Vegan Food Market Trends:
The global market is mainly driven by the growing health consciousness among the masses. With the increasing incidence of lifestyle-related diseases globally, many people are actively looking for healthier alternatives to regular food items to incorporate into their regular meals. This, coupled with the widespread awareness of the multiple health benefits associated with plant-based diets, is providing impetus for the growth of the market. The market is further boosted by the numerous initiatives undertaken by Non-Governmental Organizations (NGOs) to promote awareness of animal cruelty prevention and encourage the adoption of vegan food products.
Additionally, several key players are now introducing premium vegan food substitutes to the market, available in various flavors and innovative packaging solutions. This, in conjunction with aggressive promotional activities by vendors and the growing number of celebrities and athletes, is creating a positive outlook for the market. Some of the other factors contributing to the growth of the market include rapid urbanization, inflation in per capita income levels, advent of ready-to-eat (RTE) vegan foods in the market, and easy availability of products through the channels online and offline retail.
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/vegan-food-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
- Amy’s Kitchen, Inc.
- Beyond Meat, Inc.
- Daiya Foods, Inc.
- Danone S.A.
- Eden Foods, Inc.
- Plamil Foods Ltd.
- Archer Daniels Midland Company
- Brands Tofutti, Inc.
- VBites Foods Limited
- Vitasoy Australia Products Pty Ltd
Breakdown by product:
- Dairy alternatives
- Meat substitutes
- Textured Vegetable Protein (TVP)
Breakdown by source:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- convenience stores
- Specialty stores
- Online stores
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (Germany, France, UK, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 United States
Email: [email protected]
Phone. :(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800