Vegan Food Industry Outlook, Leading Companies Share, Size, Growth Prospects, Business Strategies, Future Demand, Report 2023-2028

Vegan Food Market

IMARC Group, a leading market research company, has recently releases report titled “Vegan Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global vegan food industry share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the vegan food market?

Report Attributes

Details

Growth rate (2023 to 2028)

CAGR of 9.7%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is vegan food?

Vegan food refers to any type of food that is entirely plant-based and does not contain any animal products or by-products, such as eggs, honey, and gelatin. It is prepared from plant-based sources, including almonds, soy, oats, wheat, tofu, rice, and coconuts. It is a rich source of antioxidants, potassium, fiber, magnesium, folic acid, protein, iron, and vitamins A, B1, C, and E. Its consumption provides numerous health benefits, such as a lower the risk of type 2 diabetes, heart disease, and certain types of cancer. Currently, vegan food is rapidly gaining traction among health-conscious consumers since it has a low concentration of cholesterol and saturated fats and is rich in iron, folic acid, magnesium, and vitamins B1, C, and E.

Get Free Sample Copy of the Report at:  https://www.imarcgroup.com/vegan-food-market/requestsample

What are the growth prospects and trends in the vegan food industry?

The shifting preferences toward plant-based diets are driving the global market. Furthermore, the growing prevalence of chronic and lifestyle diseases among the masses is catalyzing the market. Besides, the rising awareness about the environmental impact of animal agriculture, such as greenhouse gas emissions and deforestation, is further supporting the growth of the market. Along with this, the governments are implementing policies and regulations, such as dietary guidelines, sustainability targets, and tax incentives that favor plant-based alternatives to promote plant-based diets and reduce meat consumption, this is creating a positive market outlook. Besides, the increasing popularity of online communities, blogs, recipe-sharing platforms, and social media is impacting the market favorably.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

  • Dairy Alternatives
    • Cheese
    • Desserts
    • Snacks
    • Others
  • Meat Substitutes
    • Tofu
    • Texturized Vegetable Protein (TVP)
    • Seiten
    • Quorn
    • Others
  • Others

Source Insights:

  • Almond
  • Soy
  • Oats
  • Wheat
  • Others

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

  • Amy’s Kitchen, Inc.
  • Beyond Meat, Inc.
  • Daiya Foods, Inc.
  • Danone SA
  • Eden Foods, Inc.
  • Plamil Foods Ltd.
  • Archer Daniels Midland Company
  • Tofutti Brands, Inc.
  • VBites Foods Limited
  • Vitasoy Australia Products Pty Ltd

Also, Read Full Blog: Top vegan food companies in worldwide

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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