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Vegan Food Global Market Report 2021: COVID 19 Growth And Change to 2030

Starting Price : $4000.00 | Pages : 175 | Published : January 2021 | SKU CODE : 7431 | Format :


The vegan market consists of the sale of vegan products and related services for consumption purposes. Vegan products include food and beverages produced without the use of animal ingredients or animal-derived ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, plant protein-based tofu and plant protein-based meat.

The global vegan food market is expected grow from $14.44 billion in 2020 to $15.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.27 billion in 2025 at a CAGR of 9%.

An increase in the concern about the environment among the population is driving the growth of the vegan market. Rearing and breeding of livestock such as pigs, hens, cows, goats in farms contributes to the greenhouse effect. Greenhouse gases are released from agriculture of livestock such as cows and the gases released block the atmospheric heat from escaping which increases the overall temperature. The demand for animal meat requires excess practice of animal farming. Thus, increase in the number of consumers for vegan food, eliminates the demand for excessive animal farming, following a decrease in emission of greenhouse gases in the environment. According to the United States Environmental Protection Agency, in 2018, total gross U.S. greenhouse gas emissions were 6,676.6 million metric tons of carbon dioxide equivalent (MMT CO2 Eq). Thus, an increase in the concern about the environment among the population is driving the growth of the vegan market.

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, vegan and vegetarian diets lack in 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 factor 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. Following the trend, in 2019, Memphis Meats, a U.S.A based cell-based meat start up, received investments from Cargill, a U.S.A based food production company, for the production of cell-based vegan animal meat. Since 2016, 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.

In December 2018, Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, acquired The Vegetarian Butcher for an undisclosed amount. The acquisition fits with Unilever's strategy to expand its portfolio into plant-based foods that are healthier and have a lower environmental impact. The Vegetarian Butcher is a food and beverages company working towards the production of plant-based meat production and is headquartered in the Netherlands.

The major players covered in the global vegan food 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., Pascual Group, Bhlue Diamond Growers, Archer Daniel Midland Company, Earth's Own Food Company Inc, Panos Brand LLC., Bhlue Diamond Growers, Hain Celestial Group Inc., Organic Vallet Corporative, Living Harvest Food Inc., Morningstar Farms, MGP Ingridents Inc., Sonic Biochem Extractions Limited, ADM, Duopont, The Nisshin Oillio Group, Schouten Europe, Memphis Meats, Alpha Foods, Corbion Biotech Inc., Famleigh Inc., Alpro.

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

The regions covered in the global vegan food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global vegan food market is segmented -

1) By Product Substitute: Dairy Alternative, Meat Substitute, Others

2) By Distribution Channel: Online, Offline

3) By Source: Wheat, Soy, Oats, Almond, Others

    1. Executive Summary

    2. Vegan Market Characteristics

    3. Vegan Market Trends And Strategies

    4. Impact Of COVID-19 On Vegan

    5. Vegan Market Size And Growth

    5.1. Global Vegan Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Vegan Forecast Market, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    Dairy Alternative

    Meat Substitute

    Others

    6.2. Global Vegan Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Online

    Offline

    6.3. Global Vegan Market, Segmentation  By Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Wheat

    Soy

    Oats

    Almond

    Others

    7. Vegan Market Regional And Country Analysis

    7.1. Global Vegan Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Vegan Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Vegan Market  

    9.1. China Vegan Market Overview  

    9.2. China Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Vegan Market  

    10.1. India Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Vegan Market  

    11.1. Japan Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Vegan Market  

    12.1. Australia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Vegan Market  

    13.1. Indonesia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Vegan Market  

    14.1. South Korea Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Vegan Market  

    16.1. UK Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Vegan Market  

    17.1. Germany Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Vegan Market  

    18.3. France Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Vegan Market  

    20.1. Russia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Vegan Market  

    22.1. USA Vegan Market Overview

    22.2. USA Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Vegan Market  

    24.1. Brazil Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Vegan Market  

    26.1. Africa Vegan Market Overview

    26.2. Africa Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Vegan Market, Segmentation  By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Vegan Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Vegan Market, Segmentation  By Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Vegan Market, Segmentation  By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Vegan Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Vegan Market, Segmentation  By Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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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