Over $14 billion worldwide from the vegan food industry by 2030 –

Dublin, 01 Dec. 2021 (GLOBE NEWSWIRE) — The “Global Vegan Food Market Report 2021: COVID-19 Growth and Change to 2030” 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.

This report focuses on the vegan market which is experiencing high growth. The report gives a vegan market guide that will shape and change our lives over the next ten years and beyond, including the market response to the challenge of the global pandemic.

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  • Get a truly global perspective with the most comprehensive report available on this market covering over 12 geographies.
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  • Create regional and national strategies based on local data and analysis.
  • Identify growth segments for investment.
  • Outperform your competition using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research.
  • Benchmark performance against leading competitors.
  • Use relationships between key data sets for better strategy.
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  • The report will be updated with the latest data and delivered to you within 3-5 business days of ordering.

Where is the largest and fastest growing market for vegans? What is the relationship between the market and the overall economy, demographics and other similar markets? What forces will shape the market in the future? The Global Vegan Market Report answers all these questions and more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces historical and forecast market growth by geography. It places the market in the context of the larger vegan market and compares it to other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size (in billions of dollars) covering both the historical growth of the market, the impact of the COVID-19 virus and the forecast of its recovery.
  • Market segmentations break down the market into sub-markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets.
  • The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the major companies. The main financial transactions that have shaped the market in recent years are identified.
  • The trends and strategies section highlights likely future market developments and suggests approaches companies can take to exploit them.
  • The vegan market section of the report provides context. It compares the vegan market with other vegan market segments by size and growth, historical and forecast. It analyzes the proportion of GDP, expenditure per capita, comparison of vegan indicators.

Major players in the vegan market are Amy’s Kitchen, Vitasoy International Holdings Ltd., Beyond Meat, Tofutti Brands, Plamil Foods Ltd., Danone SA, Vbites Foods Ltd., Eden Foods Inc., Whitewave Foods Company Inc., and Sun Opta Inc.

The global vegan food market is expected to grow from $14.44 billion in 2020 to $15.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $22.27 billion in 2025 at a CAGR of 9%.

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.

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 startup, received investment from Cargill, a US-based food production company, for the production of vegan animal meat based on of cells. Since 2016, other major players such as Tyson Foods, a US-based processor and marketer of chicken, beef and pork, have also been investing in Memphis Meats to support cell-based meat production.

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.

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 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.

In December 2018, Unilever, a British-Dutch transnational consumer goods company headquartered in London, acquired The Vegetarian Butcher for an undisclosed sum. The acquisition is part of Unilever’s strategy to expand its portfolio into plant-based foods that are healthier and have a lower environmental impact. The Vegetarian Butcher is a food and beverage company that works in the production of plant-based meat and is headquartered in the Netherlands.

Main topics covered:

1. Summary

2. Characteristics of the vegan market

3. Vegan Market Trends and Strategies

4. Impact of COVID-19 on vegans

5. Vegan Market Size and Growth
5.1. Global vegan historical market, 2015-2020, billions of dollars
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Vegan Forecast Market, 2020-2025F, 2030F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints

6. Vegan Market Segmentation
6.1. Global Vegan Market, Segmentation by Product Substitute, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion

  • dairy alternative
  • meat substitute
  • Others

6.2. Global vegan market, segmentation by distribution channel, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars

6.3. Global vegan market, segmentation by source, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars

7. Regional and Country-wise Vegan Market Analysis
7.1. Global Vegan Market, Split by Region, Historical & Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
7.2. Global Vegan Market, Split by Country, Historical & Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion

For more information on this report, visit https://www.researchandmarkets.com/r/3v7xl0


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Tanya S. Norvell