Global Vegan Food Market Growth 2023-2029

Global Vegan Food Market Growth 2023-2029

Vegan Food is a type of vegetarian diet that excludes meat, eggs, dairy products and all other animal-derived ingredients. Many vegans also excludes foods that are processed using animal products, such as refined white sugar and some wines.

LPI (LP Information)' newest research report, the “Vegan Food Industry Forecast” looks at past sales and reviews total world Vegan Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Vegan Food sales for 2023 through 2029. With Vegan Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vegan Food industry.

This Insight Report provides a comprehensive analysis of the global Vegan Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vegan Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vegan Food market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vegan Food and breaks down the forecast by type, by channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vegan Food.

The global Vegan Food market size is projected to grow from US$ 11350 million in 2022 to US$ 16620 million in 2029; it is expected to grow at a CAGR of 16620 from 2023 to 2029.

Growing awareness about animal health and animal cruelty in the food industry has been encouraging people to shift from animal-based to plant-based food products. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market.

This report presents a comprehensive overview, market shares, and growth opportunities of Vegan Food market by product type, channel, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Dairy Alternatives
Meat Substitutes
Others

Segmentation by channel
Retail Channel
Foodservice Channel

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Beyond Meat
Impossible Foods
Maple Leaf Foods
Kraft Heinz
Conagra Brands
Kellogg Company
Turtle Island Foods
Tyson Foods Inc.
Else Nutrition
Forum II Merger Corporation
Burcon NutraScience
Laird Superfood
The Very Good Food Company
Modern Meat
Ingredion Incorporated
Bunge
AAK
Total Produce
Archer Daniels Midland
Hain Celestial Group
Unilever
Nestle
Growthwell Group
Yantai Shuangta Food
Jinzi Ham Co., Ltd.
Itoham Foods
Fuji Oil Holdings
NH Foods Group
NR Instant Produce

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vegan Food market?

What factors are driving Vegan Food market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vegan Food market opportunities vary by end market size?

How does Vegan Food break out type, channel?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.