Vegan Bacon Market, by Flavoring (Smoked Paprika, Onion, Dark Beer, and Other Vegetables), By Storage (Frozen, Refrigerated, and Shelf-Stabled), By Product Type (Tofu Bacon, Mushroom Bacon, Carrot Bacon, Coconut Bacon, and Others [Eggplant Bacon]), By Distribution Channel (Supermarket, Hypermarket, and Online), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Vegan bacon is generally healthy and can be used in sweet as well as savory dishes because it is flexible for making the dishes and popular choice for chefs to add flavor and excitement to their dishes or menus. Most vegan bacon has healthy fats, a considerable amount of protein, and fiber. Without any of the animal cruelty, vegan bacon offers all the flavor of pork bacon. Thus, it is being incorporated into a variety of ready-to-eat processed food items by food manufacturers. The vegan bacon market has been growing in recent years due to more people looking for plant-based alternatives to meat and dairy products.
Market Dynamics
(The consumption of meat products are assumed to prevent the risk of type-2 diabetes and cardiovascular diseases. For improving the quality of products and increasing the customer base the manufactures are using various innovative ingredients as well as procedures in their products.) For instance, in 2021, Hooray Foods, a vegan bacon manufacturing company announced that it had secured an additional US$2.7 million in order to grow its operations. , Additionally, in June 2020, a major vegan bacon maker Beyond Meat, Inc. announced the opening of Zandbergen co-manufacturing facility in Zoeterwoude, Netherlands to expand its production capacity in the Europe region.
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