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Vegan Market Global Report 2020-30: Covid 19 Growth and Change

Starting Price : $ 4000.00 | Pages : 150 | Published : May 2020 | 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 market is expected to grow from $14.80 billion in 2019 and to $15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $20 billion in 2023 at CAGR of 9.79%.

Europe was the largest region in the vegan market in 2019. North America was the second largest region in the vegan market in 2019.

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 2017, animal agriculture contributes to 9% of total greenhouse gas emissions in the United States. 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 2007 by the European Journal of Clinical Nutrition (EJCN) in comparative fracture risk in different diet groups., it was found that the vegan diet group has higher fracture risk as compared to meat-eaters, fish eaters, and vegetarians. 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 startup, 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 in the global vegan 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 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

Global vegan market is segmented: 1) By Product Substitute: Dairy Alternative, Meat Substitute, Others 2) By Distribution Channel: Online, Offline

    1. Executive Summary

    2. Vegan Market Characteristics

    3. Vegan Market Size And Growth

    3.1. Global Vegan Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Vegan Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Vegan Market Segmentation

    4.1. Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Dairy Alternative

    Meat Substitute

    Others

    4.2. Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Online

    Offline

    5. Vegan Market Regional And Country Analysis

    5.1. Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Vegan Market  

    6.1. Asia-Pacific Vegan Market Overview  

    6.2. Asia-Pacific Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Vegan Market  

    7.1. China Vegan Market Overview  

    7.2. China Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Vegan Market  

    8.1. India Vegan Market Overview  

    8.2. India Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Vegan Market  

    9.1. Japan Vegan Market Overview  

    9.2. Japan Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Vegan Market  

    10.1. Australia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Vegan Market  

    11.1. Indonesia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Vegan Market  

    12.1. South Korea Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Vegan Market  

    13.1. Western Europe Vegan Market Overview

    13.2. Western Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Vegan Market  

    14.1. UK Vegan Market Overview

    14.2. UK Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Vegan Market  

    15.1. Germany Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Vegan Market  

    16.3. France Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Vegan Market  

    17.1. Eastern Europe Vegan Market Overview

    17.2. Eastern Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Vegan Market  

    18.1. Russia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Vegan Market  

    19.1. North America Vegan Market Overview

    19.2. North America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Vegan Market  

    20.1. USA Vegan Market Overview

    20.2. USA Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Vegan Market  

    21.1. South America Vegan Market Overview

    21.2. South America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Vegan Market  

    22.1. Brazil Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Vegan Market  

    23.1. Middle East Vegan Market Overview

    23.2. Middle East Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Vegan Market  

    24.1. Africa Vegan Market Overview

    24.2. Africa Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Vegan Market Competitive Landscape And Company Profiles

    25.1. Vegan Market Competitive Landscape

    25.2. Vegan Market Company Profiles

    25.2.1. Amy`s Kitchen

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. VITASOY International Holdings Ltd.

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Beyond Meat

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Tofutti Brands

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Plamil Foods Ltd.

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Vegan Market

    27. Vegan Market Trends And Strategies

    28. Vegan Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Amy`s Kitchen Financial Performance
  • Table 27: VITASOY International Holdings Ltd. Financial Performance
  • Table 28: Beyond Meat Financial Performance
  • Table 29: Tofutti Brands Financial Performance
  • Table 30: Plamil Foods Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Amy`s Kitchen Financial Performance
  • Figure 27: VITASOY International Holdings Ltd. Financial Performance
  • Figure 28: Beyond Meat Financial Performance
  • Figure 29: Tofutti Brands Financial Performance
  • Figure 30: Plamil Foods Ltd. Financial Performance
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