Best vegan food companies in the world 2022 | IMARC Group
SHERIDAN, ALABAMA, USA, February 18, 2022 /EINPresswire.com/ — Vegan foods refer to food products that are produced without the use of animal-derived ingredients or animal-derived ingredients. These include fruits and vegetables, legumes including peas, beans, plant-based tofu, and plant-based meats. This excludes the use of eggs, meat, dairy products and all other ingredients of animal origin.
The global vegan food market reached US$17 billion in 2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of 11.4% during the period 2021-2026.
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The global market is mainly driven by the growing awareness of the health benefits offered by the regular consumption of vegan products. This, along with growing concerns over animal cruelty in the food industry, is positively influencing the growth of the market. Additionally, the growing number of lactose-intolerant consumers is catalyzing the adoption of vegan foods across the globe. Additionally, the rapid expansion of distribution channels, such as supermarkets, convenience stores, and specialty stores, is creating a positive outlook for vegan food companies. Moreover, the increasing promotional activities of celebrities and the growing influence of social media are also positively influencing the growth of the market.
Some of the top 10 companies in the vegan food market:
Amy’s Kitchen, Inc.
Beyond Meat, Inc.
Daiya Foods, Inc.
Eden Foods, Inc.
Plamil Foods Ltd.
Archer Daniels Midland Company
Brands Tofutti, Inc.
VBites Foods Limited
Vitasoy Australia Products Pty Ltd
Read the full blog: List of top 10 vegan food manufacturers in the world
Overview of the impact of COVID-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Table of Content of Vegan Food Market Research Report:
Scope and methodology
Global vegan food market
Value chain analysis
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