Vegan Food Market Size, Share, Trends, Report 2021-2026

Global Vegan Food Market Size, Share and Growth | Industry Analysis, Demand, Product Type, Price and Research Report
By: IMARC Group
SHERIDAN, Wyo. - June 25, 2021 - PRLog -- By IMARC Group, titled "Vegan Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global vegan food market to reached  a value of US$ 17 Billion in 2020. Vegan food refers to various food items processed and derived from plant-based sources, such as almonds, oats, soy, wheat, rice, and coconuts. They are usually consumed as a substitute to conventional dairy- and meat-based products, which include milk, eggs, gelatin, and honey. Vegan foods are rich in essential nutrients, including vitamins B1, C and E, magnesium, iron, and folic acid. They are low in cholesterol and saturated fats, thereby beneficial in improving heart health, protecting against cancer, and lowering the risk of stroke and type 2 diabetes.

The rising prevalence of chronic diseases, along with the widespread awareness regarding the health benefits of plant-based diets, is primarily driving the global vegan food market growth. Additionally, several initiatives are being undertaken by non-government organizations (NGOs) across the globe to spread awareness regarding the prevention of animal cruelty, which has inflated the sales of vegan food products. Moreover, leading players are launching ready-to-eat (RTE), premium-quality vegan food items in innovative flavors and attractive packaging solutions, which is creating a positive outlook for the market.

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Market Breakup by Source:
  • Almond
  • Soy
  • Oats
  • Wheat
  • Others
Market Breakup by Product:
  • Dairy Alternatives
  • Cheese
  • Dessert
  • Snacks
  • Others
  • Meat Substitutes
  • Tofu
  • TVP
  • Seiten
  • Quorn
  • Others
  • Others
Market Breakup by Distribution Channel:
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Competitive Landscape Key Player:
  • Meat
  • Daiya
  • Danone Sponsored ADR common stock
  • Amy's Kitchen
  • Eden Foods Inc.
  • Plamil Foods Ltd.
  • The Archer Daniels Midland Company
  • Tofutti Brands Inc
  • VBites Foods Limited
  • Vitasoy

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Tags:Vegan Food Market
Location:Sheridan - Wyoming - United States
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