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Vegan Food Global Market Report 2022

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    Report

  • 300 Pages
  • June 2022
  • Region: Global
  • The Business Research Company
  • ID: 5606798
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.

The global vegan food market is expected to grow from $13.55 billion in 2021 to $14.45 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to grow to $18.73 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%.

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.

Asia Pacific was the largest region in the vegan food market in 2021. Western Europe was the second-largest region in the vegan food market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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. 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.

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




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Table of Contents

1. Executive Summary2. Vegan Market Characteristics3. Vegan Market Trends And Strategies4. Impact Of COVID-19 On Vegan
5. Vegan Market Size And Growth
5.1. Global Vegan Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Vegan Forecast Market, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Dairy Alternative
  • Meat Substitute
  • Other Product Substitutes
6.2. Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Online
  • Offline
6.3. Global Vegan Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Vegan Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Vegan Market
9.1. China Vegan Market Overview
9.2. China Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Vegan Market
10.1. India Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Vegan Market
11.1. Japan Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Vegan Market
12.1. Australia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Vegan Market
13.1. Indonesia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Vegan Market
14.1. South Korea Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Vegan Market
16.1. UK Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Vegan Market
17.1. Germany Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Vegan Market
18.3. France Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Vegan Market
20.1. Russia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Vegan Market
22.1. USA Vegan Market Overview
22.2. USA Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Vegan Market
24.1. Brazil Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Vegan Market
26.1. Africa Vegan Market Overview
26.2. Africa Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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 Market29. Vegan Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Vegan Food Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global vegan market.

This report focuses on the vegan market which is experiencing strong growth. The report gives a guide to the vegan market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the vegan? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Vegan market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider vegan market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
  • The vegan market section of the report gives context. It compares the vegan market with other segments of the vegan market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, vegan indicators comparison.

Scope


Markets Covered:

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

Companies Mentioned: Amy's Kitchen; VITASOY International Holdings Ltd.; Beyond Meat; Tofutti Brands; Plamil Foods Ltd

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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

Methodology

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