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Vegan Food Global Market Report 2023 – By Product Substitute (Dairy Alternative, Meat Substitute, Other Product Substitutes), By Distribution Channel (Online, Offline), By Source (Wheat, Soy, Oats, Almond, Other Sources) – Market Size, Trends, And Market Forecast 2023-2032

Starting Price : $4000.00 | Pages : 300 | Published : January 2023 | SKU CODE : r1737 | Delivery Time: 2-3 business days | Format :


Vegan foods are foods that are produced without the use of animal ingredients or animal-derived ingredients.

The vegan food research report is one of a series of new reports from The Business Research Company that provides vegan food statistics, including global market size, regional shares, competitors with vegan food share, detailed vegan food segments, market trends and opportunities, and any further data you may need to thrive in the vegan food industry. This vegan food research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The global vegan food market size will grow from $16.05 billion in 2022 to $18.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vegan food market size is expected to grow from $29.19 billion in 2027 at a CAGR of 12.4%.

An increase in concern about the environment among the population is driving the growth of the vegan market. Rearing and breeding livestock such as pigs, hens, cows, and goats on farms contributes to the greenhouse effect. Greenhouse gases are released from the agriculture of livestock such as cows, and the gases are released to block the atmospheric heat from escaping, which increases the overall temperature. The demand for animal meat requires the excess practice of animal farming. Thus, an increase in the number of consumers of vegan food eliminates the demand for excessive animal farming, following a decrease in greenhouse gas emissions in the environment. According to the United States Environmental Protection Agency, a US-based independent executive agency for the environment, in 2020, total greenhouse gas emissions were 5,981 million metric tons of carbon dioxide equivalent. Thus, an increase in concern about the environment among the population is driving the growth of the vegan market.

Certain vegan food products lack certain nutrients. Vegan products do not contain any animal ingredients or animal-derived ingredients. Vegan food doesn't contain an adequate amount of high-quality protein and fats. Both vegan and vegetarian diets lack many very important minerals, such as calcium, iron, and zinc. According to a study published in 2020 by BMC Medicine, vegans have a higher fracture risk as compared to meat-eaters, fish-eaters, and vegetarians. The strongest associations were observed for hip fractures, for which fish eaters, vegetarians, and vegans all had higher risks. This is due to an inadequate calcium intake in a vegan diet. Therefore, the lack of essential nutrients impacts the growth of the vegan market.

One of the trends in the vegan market is the production of meat through cell-based technology. The cell-by-cell identical meat is produced in factories without involving the killing of animals. Production of cell-based meat involves feeding the animal cells with nutrients and proteins, thus eliminating the need for dependence on animals for meat. For instance, in October 2022, a US-based pet food manufacturer introduced the cellular-based meat broth topper for dogs known as chicken broth topper, which will replace factory-framed products with cruelty-free cell-based meet to challenges related to the low quality and contamination of pet food. Other major players such as Tyson Foods., an U.S.A. based processor and marketer of chicken, beef, and pork, are also investing in Memphis Meats in order to support the cell -based meat production.

Major players in the market are Amy's Kitchen, Vitasoy International Holdings Ltd., Beyond Meat, Tofutti Brands, Plamil Foods Ltd., Danone S.A., Vbites Foods Ltd., Eden Foods Inc., Whitewave Foods Company Inc., Sun Opta Inc.

Asia-Pacific was the largest region in the vegan food market in 2022. Western Europe was the second-largest region in the global vegan food market. The regions covered in the global vegan food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The vegan food market consists of sales of vegan fruits and vegetables, legumes such as vegan peas, vegan beans, plant protein-based tofu, and plant protein-based meat. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global vegan food market is segmented -

1) By Product Substitute: Dairy Alternative, Meat Substitute, Other Product Substitutes

2) By Distribution Channel: Online, Offline

3) By Source: Wheat, Soy, Oats, Almond, Other Sources

    Table Of Contents

    1. Executive Summary

    2. Vegan Market Characteristics

    3. Vegan Market Trends And Strategies

    4. Vegan Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Vegan Market

    4.2 Ukraine-Russia War Impact On Vegan Market

    4.3 Impact Of High Inflation On Vegan Market

    5. Vegan Market Size And Growth

    5.1. Global Vegan Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Vegan Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Vegan Market Segmentation

    6.1. Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Dairy Alternative

    Meat Substitute

    Other Product Substitutes

    6.2. Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Online

    Offline

    6.3. Global Vegan Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Wheat

    Soy

    Oats

    Almond

    Other Sources

    7. Vegan Market Regional And Country Analysis

    7.1. Global Vegan Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Vegan Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Vegan Market

    8.1. Asia-Pacific Vegan Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Vegan Market

    9.1. China Vegan Market Overview

    9.2. China Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Vegan Market

    10.1. India Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Vegan Market

    11.1. Japan Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Vegan Market

    12.1. Australia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Vegan Market

    13.1. Indonesia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Vegan Market

    14.1. South Korea Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Vegan Market

    15.1. Western Europe Vegan Market Overview

    15.2. Western Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Vegan Market

    16.1. UK Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Vegan Market

    17.1. Germany Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Vegan Market

    18.3. France Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Vegan Market

    19.1. Eastern Europe Vegan Market Overview

    19.2. Eastern Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Vegan Market

    20.1. Russia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Vegan Market

    21.1. North America Vegan Market Overview

    21.2. North America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Vegan Market

    22.1. USA Vegan Market Overview

    22.2. USA Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Vegan Market

    23.1. South America Vegan Market Overview

    23.2. South America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Vegan Market

    24.1. Brazil Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Vegan Market

    25.1. Middle East Vegan Market Overview

    25.2. Middle East Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Vegan Market

    26.1. Africa Vegan Market Overview

    26.2. Africa Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Vegan Market Competitive Landscape And Company Profiles

    27.1. Vegan Market Competitive Landscape

    27.2. Vegan Market Company Profiles

    27.2.1. Amy's Kitchen

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. VITASOY International Holdings Ltd.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Beyond Meat

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Tofutti Brands

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Plamil Foods Ltd.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Vegan Market

    29. Vegan Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Vegan Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Vegan Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Vegan Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Amy's Kitchen Financial Performance
  • Table 28: VITASOY International Holdings Ltd. Financial Performance
  • Table 29: Beyond Meat Financial Performance
  • Table 30: Tofutti Brands Financial Performance
  • Table 31: Plamil Foods Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Vegan Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Vegan Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Vegan Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Amy's Kitchen Financial Performance
  • Figure 28: VITASOY International Holdings Ltd. Financial Performance
  • Figure 29: Beyond Meat Financial Performance
  • Figure 30: Tofutti Brands Financial Performance
  • Figure 31: Plamil Foods Ltd. Financial Performance
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