Vegan Food Market Size, Share, Trends, Report 2021-2026
Vegan Food Market Size, Share, Trends, Report 2021-2026
Abstract
Global Vegan Food Market to be Driven by the Rising Awareness for Health Benefits in the Forecast Period of 2021-2026
The new report by EMR titled, ‘Global Vegan Food Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vegan food market, assessing the market based on its segments like product types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 15.4 Billion
• Forecast CAGR (2021-2026): 9%
• Forecast Market Size (2026): USD 26.1 Billion
Rising awareness of the numerous health benefits of plant-based food products has expanded the customer base of this sector. Plant-based products help maintain blood pressure levels and reduce the risk of heart disease, stroke, prostate cancer, colorectal cancer, cholesterol, and premature death. Manufacturers in the market have launched a range of high-quality food items in various flavors with appealing packaging solutions, which is further aiding the market growth.
Industry Definition and Major Segments
Vegan food is devoid of eggs, meat, dairy products, and all other animal-derived ingredients. Vegan food and diet advocates are known as vegans. Vegans often refrain from consuming food items that are manufactured using animal products such as refined white sugar and other products.
The market can be divided into the following segments by product types:
• Dairy Alternatives
• Meat Substitutes
• Egg Alternative
• Vegan Bakery
• Confectionery
• Plant-Based Snacks
• Others
On the basis of distribution channel, the market is divided into:
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others
The major region in the market are:
• North America
• Latin America
• Europe
• Middle East and Africa
• Asia Pacific
Market Trends
The global demand for vegan food is strengthened by an increasing perception of animal health and exploitation in the food industry, which has contributed to a significant change towards plant-based food products and away from animal-based products. The rising success of the vegan diet and the increasing trend of adopting veganism has resulted in an increased demand for vegan food.
Key Market Players
The major players in the market are Amy's Kitchen, Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Tofutti Brands Inc., Ripple Foods Inc., and Earth’s Own Food Company Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Content
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Vegan Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Food Historical Market (2016-2020)
8.3 Global Vegan Food Market Forecast (2021-2026)
8.4 Global Vegan Food Market by Product Type
8.4.1 Dairy Alternatives
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.1.4 Breakup of Type
8.4.1.4.1 Milk
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2016-2020)
8.4.1.4.1.3 Forecast Trend (2021-2026)
8.4.1.4.2 Cheese
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2016-2020)
8.4.1.4.2.3 Forecast Trend (2021-2026)
8.4.1.4.3 Yoghurt
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2016-2020)
8.4.1.4.3.3 Forecast Trend (2021-2026)
8.4.1.4.4 Dessert
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2016-2020)
8.4.1.4.4.3 Forecast Trend (2021-2026)
8.4.1.4.5 Others
8.4.2 Meat Substitutes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.2.4 Breakup of Type
8.4.2.4.1 Tofu
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2016-2020)
8.4.2.4.1.3 Forecast Trend (2021-2026)
8.4.2.4.2 TVP
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2016-2020)
8.4.2.4.2.3 Forecast Trend (2021-2026)
8.4.2.4.3 Seiten
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2016-2020)
8.4.2.4.3.3 Forecast Trend (2021-2026)
8.4.2.4.4 Quorn
8.4.2.4.4.1 Market Share
8.4.2.4.4.2 Historical Trend (2016-2020)
8.4.2.4.4.3 Forecast Trend (2021-2026)
8.4.2.4.5 Others
8.4.3 Egg Alternative
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Vegan Bakery
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Confectionery
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Plant-Based Snacks
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2016-2020)
8.4.6.3 Forecast Trend (2021-2026)
8.4.7 Others
8.5 Global Vegan Food Market by Distribution Channel
8.5.1 Supermarkets/Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Convenience Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Specialty Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Online
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Vegan Food Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Amy's Kitchen
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Danone S.A
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 The Archer Daniels Midland Company
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Daiya Foods Inc.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Tofutti Brands Inc.
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Ripple Foods Inc.
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Earth’s Own Food Company Inc.
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Vegan Food Market: Key Industry Highlights, 2016 and 2026
2. Global Vegan Food Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3. Global Vegan Food Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4. Global Vegan Food Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
5. Global Vegan Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
6. Global Vegan Food Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Vegan Food Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Vegan Food Market Structure
Global Vegan Food Market to be Driven by the Rising Awareness for Health Benefits in the Forecast Period of 2021-2026
The new report by EMR titled, ‘Global Vegan Food Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vegan food market, assessing the market based on its segments like product types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 15.4 Billion
• Forecast CAGR (2021-2026): 9%
• Forecast Market Size (2026): USD 26.1 Billion
Rising awareness of the numerous health benefits of plant-based food products has expanded the customer base of this sector. Plant-based products help maintain blood pressure levels and reduce the risk of heart disease, stroke, prostate cancer, colorectal cancer, cholesterol, and premature death. Manufacturers in the market have launched a range of high-quality food items in various flavors with appealing packaging solutions, which is further aiding the market growth.
Industry Definition and Major Segments
Vegan food is devoid of eggs, meat, dairy products, and all other animal-derived ingredients. Vegan food and diet advocates are known as vegans. Vegans often refrain from consuming food items that are manufactured using animal products such as refined white sugar and other products.
The market can be divided into the following segments by product types:
• Dairy Alternatives
• Meat Substitutes
• Egg Alternative
• Vegan Bakery
• Confectionery
• Plant-Based Snacks
• Others
On the basis of distribution channel, the market is divided into:
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others
The major region in the market are:
• North America
• Latin America
• Europe
• Middle East and Africa
• Asia Pacific
Market Trends
The global demand for vegan food is strengthened by an increasing perception of animal health and exploitation in the food industry, which has contributed to a significant change towards plant-based food products and away from animal-based products. The rising success of the vegan diet and the increasing trend of adopting veganism has resulted in an increased demand for vegan food.
Key Market Players
The major players in the market are Amy's Kitchen, Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Tofutti Brands Inc., Ripple Foods Inc., and Earth’s Own Food Company Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Vegan Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Food Historical Market (2016-2020)
8.3 Global Vegan Food Market Forecast (2021-2026)
8.4 Global Vegan Food Market by Product Type
8.4.1 Dairy Alternatives
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.1.4 Breakup of Type
8.4.1.4.1 Milk
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2016-2020)
8.4.1.4.1.3 Forecast Trend (2021-2026)
8.4.1.4.2 Cheese
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2016-2020)
8.4.1.4.2.3 Forecast Trend (2021-2026)
8.4.1.4.3 Yoghurt
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2016-2020)
8.4.1.4.3.3 Forecast Trend (2021-2026)
8.4.1.4.4 Dessert
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2016-2020)
8.4.1.4.4.3 Forecast Trend (2021-2026)
8.4.1.4.5 Others
8.4.2 Meat Substitutes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.2.4 Breakup of Type
8.4.2.4.1 Tofu
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2016-2020)
8.4.2.4.1.3 Forecast Trend (2021-2026)
8.4.2.4.2 TVP
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2016-2020)
8.4.2.4.2.3 Forecast Trend (2021-2026)
8.4.2.4.3 Seiten
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2016-2020)
8.4.2.4.3.3 Forecast Trend (2021-2026)
8.4.2.4.4 Quorn
8.4.2.4.4.1 Market Share
8.4.2.4.4.2 Historical Trend (2016-2020)
8.4.2.4.4.3 Forecast Trend (2021-2026)
8.4.2.4.5 Others
8.4.3 Egg Alternative
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Vegan Bakery
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Confectionery
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Plant-Based Snacks
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2016-2020)
8.4.6.3 Forecast Trend (2021-2026)
8.4.7 Others
8.5 Global Vegan Food Market by Distribution Channel
8.5.1 Supermarkets/Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Convenience Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Specialty Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Online
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Vegan Food Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Amy's Kitchen
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Danone S.A
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 The Archer Daniels Midland Company
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Daiya Foods Inc.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Tofutti Brands Inc.
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Ripple Foods Inc.
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Earth’s Own Food Company Inc.
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Vegan Food Market: Key Industry Highlights, 2016 and 2026
2. Global Vegan Food Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3. Global Vegan Food Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4. Global Vegan Food Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
5. Global Vegan Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
6. Global Vegan Food Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Vegan Food Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Vegan Food Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Vegan Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Vegan Food Market Structure
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