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Vegan Food: Global Markets

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    Report

  • 232 Pages
  • November 2022
  • Region: Global
  • BCC Research
  • ID: 5695483

This report incorporates an in-depth analysis of the vegan food market, including market estimations and trends through 2027. Major players, competitive intelligence, innovative products and technologies, market dynamics and regional opportunities are discussed in detail. The report examines recent developments and product portfolios of major players. The patent analysis focuses on technological trends in recent years in regions such as the U.S., Europe and Japan. The report presents a market analysis and estimates the compound annual growth rate (CAGR) of various vegan food markets.

This report segments the global market by these geographic regions: North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. For market estimates, data is provided for 2021 (which serves as the base year) and 2022, and it is forecast through year-end 2027.

The report also discusses the major players across each regional vegan food market. In addition, it explains the major drivers and regional dynamics of the global vegan food market and current trends within the industry. The report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.

Report Includes

  • 111 data tables and 40 additional tables
  • Insight into the global markets for vegan food
  • Analyses of the global and regional market trends, with historic market revenue for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the upcoming market potential for vegan food, growth driving factors, and areas of focus to forecast this market into various segments and sub-segments
  • Coverage of the technological, economic, and business considerations of the vegan food market with analyses and global market forecasts through 2027
  • Evaluation and forecast the market size for vegan food, projected growth trends, and corresponding market share analysis by product type, packaging, distribution/sales channel, and region
  • In-depth information on key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
  • Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances in the global market for vegan food
  • Market share analysis of the key market participants, along with their research priorities, product portfolios, and competitive landscape
  • Descriptive company profiles of the leading global players, including Motif, Planted Foods, Simple Feast and Kite Hill.

Table of Contents

Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Reasons for Doing This Study
1.3 Scope of Report
1.4 Information Sources
1.5 Methodology
1.6 Geographic Breakdown
1.7 Analyst's Credentials
1.8 Custom Research
1.9 Related Research Reports

Chapter 2 Summary and Highlights
2.1 Investments in the Market
2.2 Vegan Food Technology Development
2.3 Vegan Product Category Expansion
2.4 Vegan Food Price Parity
2.5 Government and Regulation

Chapter 3 Industry Overview
3.1 Technological Advancements in the Vegan Food Market
3.1.1 Extrusion Technology
3.1.2 Shear-Cell Technology
3.1.3 3D Printing
3.2 Scaling End-Product Manufacturing to Meet Demand
3.3 Developments in Vegan Food Ingredients, Processing and Production
3.3.1 Seeds and Crops for Vegan Food Products
3.3.2 Intermediate Ingredient Processing
3.3.3 End-Product Manufacturing
3.4 Vegan Food Ingredients Innovation
3.4.1 Alternative Protein Sources
3.4.2 Innovations in Protein Ingredients
3.4.3 Finished Vegan Food Product Development
3.5 Next-Generation Vegan Hybrid Products
3.6 Climate and Vegan Food Supply Chains
3.7 Government and Regulation
3.7.1 FDA Updates
3.8 Recent Product Approvals

Chapter 4 Market Overview and Trends
4.1 Vegan Food Market Dynamics
4.1.1 Market Drivers
4.1.2 Market Restraints
4.1.3 Opportunities in the Global Market

Chapter 5 Global Market Analysis
5.1 Vegan Food Market Overview

Chapter 6 Impact of the COVID-19 Pandemic
6.1 Impact of COVID-19 on the Vegan Food Market
6.1.1 Ingredient Shortages and Supply Chain Disruptions
6.1.2 Comparing Plant-Based Meat and Conventional Meat Performance

Chapter 7 Global Market by Category
7.1 Plant-Based Meat
7.2 Plant-Based Milk
7.3 Plant-Based Dairy Products
7.4 Plant-Based Meals
7.5 Plant-Based Condiments and Dressings
7.6 Plant-Based Eggs
7.7 Other Vegan Foods
7.7.1 Plant-Based Snacks and Baked Goods

Chapter 8 Global Market for Plant-Based Milk
8.1 Market Overview
8.2 Almond Milk
8.3 Soy Milk
8.4 Blended Milk
8.5 Coconut Milk
8.6 Other Plant-Based Milk Products
8.6.1 Peanut Milk
8.6.2 Oat Milk

Chapter 9 Global Market for Plant-Based Meat
9.1 What is Plant-Based Meat?
9.2 Sources of Plant-Based Meat
9.2.1 Soy-Based Meat
9.2.2 Wheat-Based Meat
9.2.3 Pea-Based Meat
9.3 Market Trends
9.3.1 Plant-Based Meat That is Intended be Indistinguishable from Their Animal-Based Equivalents
9.3.2 So-Called Meat Analog
9.3.3 Meat Extenders
9.4 Product Launches
9.5 Taste and Price of Plant-Based Meat
9.6 Plant-Based Burger Patties
9.7 Plant-Based Sausages
9.8 Plant-Based Strips and Nuggets
9.9 Plant-Based Patties, Slices, Fillets, Cutlets, Slides, Fingers and Crumbles

Chapter 10 Global Market for Plant-Based Dairy
10.1 Ice Cream and Frozen Novelties
10.2 Creamer
10.3 Yogurt
10.3.1 Soy Yogurt
10.3.2 Almond Yogurt
10.3.3 Oat Yogurt
10.3.4 Cashew Yogurt
10.3.5 Hemp Yogurt
10.3.6 Pea Protein Yogurt
10.3.7 Coconut Yogurt
10.4 Butter
10.5 Cheese
10.6 Other Plant-Based Dairy Products
10.6.1 Plant-Based RTD
10.6.2 Plant-Based Spreads

Chapter 11 Global Market by Distribution Channel
11.1 Overview
11.2 Health Food Stores
11.3 Specialty Gourmet
11.4 Conventional Multi Outlet Channel (MULO)

Chapter 12 North American Market for Vegan Food
12.1 Overview
12.2 Plant-Based Food in the U.S. Food Service Industry by the Numbers
12.3 Food Service Distribution Updates for North America
12.4 North American Market for Vegan Food by Distribution Channel
12.5 North American Market by Country
12.5.1 U.S.
12.5.2 Canada

Chapter 13 European Market for Vegan Food
13.1 Overview
13.2 Promising Commitments from Governments
13.3 European Market for Vegan Food by Distribution Channel
13.4 European Market for Vegan Food by Country
13.4.1 Germany
13.4.2 Spain
13.4.3 U.K.
13.4.4 Italy
13.4.5 France
13.4.6 Rest of the Europe

Chapter 14 Asia-Pacific Market for Vegan Food
14.1 Overview
14.2 Asia-Pacific Market for Vegan Food by Distribution Channel
14.3 Asia-Pacific Market for Vegan Food by Country
14.3.1 China
14.3.2 India
14.3.3 Japan
14.3.4 Indonesia
14.3.5 Australia
14.3.6 Rest of Asia-Pacific

Chapter 15 Latin American Market for Vegan Food
15.1 Overview
15.2 Latin American Market for Vegan Food by Distribution Channel
15.3 Latin American Market for Vegan Food by Country
15.3.1 Brazil
15.3.2 Mexico
15.3.3 Rest of Latin America

Chapter 16 Middle Eastern & African Market for Vegan Food
16.1 Overview
16.2 Middle East and African Market for Vegan Food by Distribution Channel
16.3 Middle Eastern & African Market for Vegan Food by Country
16.3.1 South Africa
16.3.2 Saudi Arabia
16.3.3 Qatar
16.3.4 Rest of the Middle Eastern and Africa

Chapter 17 Investments in the Vegan Food Market
17.1 Overview
17.2 Funding Vegan Foods as a Climate Solution
17.2.1 Deal Types and Key Funding Rounds

Chapter 18 Competitive Landscape
18.1 Large Food Companies
18.2 Animal-Based Meat Companies
18.3 Animal-Based Seafood Companies
18.4 Private-Label Launches and Expansions by Retailers
18.5 Food Service Growth, Partnerships and Expansion
18.6 Co-branding in Food Service
18.7 Plant-Based Meat Works toward Price Parity

Chapter 19 Company Profiles
  • Allplants
  • Anuvia Plant Nutrients
  • Atlast Food
  • Beyond Meat Inc.
  • Daring Foods
  • Eat Just Inc.
  • Future Farm LLC
  • Gathered Foods
  • Good Catch
  • Green Monday Holdings
  • Impossible Foods Inc.
  • Kite Hill
  • Livekindly Co. Inc.
  • Meati Foods Inc.
  • Motif
  • Miyoko’s Kitchen
  • Nature’s Fynd
  • Planted Foods
  • Puris Foods
  • Simple Feast
  • V2Food
Chapter 20 Vegan Food Product Launches
20.1 Overview
20.2 Vegan Meat
20.2.1 Plant-Based Beef Product Launches
20.2.2 Plant-Based Seafood Product Launches
20.2.3 Plant-Based Chicken Product Launches
20.2.4 Plant-Based Pork and Other Meat Product Launches
20.3 Plant-Based Eggs Product Launches
20.4 Plant-Based Milk Product Launches
20.5 Plant-Based Cheese Product Launches
20.6 Plant-Based Other Dairy Product Launches

List of Tables
Table A: Global Market for Vegan Food, by Category, Through 2027
Table 1: Plant-Based Products Made with Novel Protein Sources
Table 2: Diseases Due to Meat Consumption
Table 3: Global Market for Vegan Food, Through 2027
Table 4: Global Market for Vegan Food, by Region, Through 2027
Table 5: Global Market for Vegan Food, by Distribution Channel, Through 2027
Table 6: Global Market for Vegan Food, by Category, Through 2027
Table 7: Global Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 8: Global Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 9: Global Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 10: Global Market for Plant-Based Meat, Through 2027
Table 11: Global Market for Plant-Based Meat, by Region, Through 2027
Table 12: Global Market for Plant-Based Milk, Through 2027
Table 13: Global Market for Plant-Based Milk, by Region, Through 2027
Table 14: Global Market for Plant-Based Dairy, Through 2027
Table 15: Global Market for Plant-Based Dairy, by Region, Through 2027
Table 16: Global Market for Plant-Based Meals, Through 2027
Table 17: Global Market for Plant-Based Meals, by Region, Through 2027
Table 18: Global Market for Plant-Based Condiments and Dressings, Through 2027
Table 19: Global Market for Plant-Based Condiments and Dressings, by Region, Through 2027
Table 20: Global Market for Plant-Based Eggs, Through 2027
Table 21: Global Market for Plant-Based Eggs, by Region, Through 2027
Table 22: Global Market for Other Vegan Food, Through 2027
Table 23: Global Market for Plant-Based Tofu and Tempeh, by Region, Through 2027
Table 24: Global Market for Almond Milk, Through 2027
Table 25: Global Market for Almond Milk, by Region, Through 2027
Table 26: Global Market for Soy Milk, Through 2027
Table 27: Global Market for Soy Milk, by Region, Through 2027
Table 28: Global Market for Blended Milk, Through 2027
Table 29: Global Market for Blended Milk, by Region, Through 2027
Table 30: Global Market for Coconut Milk, Through 2027
Table 31: Global Market for Coconut Milk, by Region, Through 2027
Table 32: Global Market for Other Plant-Based Milk, Through 2027
Table 33: Global Market for Other Plant-Based Milk, by Region, Through 2027
Table 34: Global Market for Plant-Based Meat Burgers, Through 2027
Table 35: Global Market for Plant-Based Meat Burgers, by Region, Through 2027
Table 36: Global Market for Plant-Based Meat Links, Through 2027
Table 37: Global Market for Plant-Based Meat Links, by Region, Through 2027
Table 38: Global Market for Plant-Based Meat Patties, Through 2027
Table 39: Global Market for Plant-Based Meat Patties, by Region, Through 2027
Table 40: Global Market for Other Types of Plant-Based Meat Products, Through 2027
Table 41: Global Market for Other Types of Plant-Based Meat Products, by Region, Through 2027
Table 42: Global Market for Plant-Based Ice Cream and Frozen Novelties, Through 2027
Table 43: Global Market for Plant-Based Ice Cream and Frozen Novelties, by Region, Through 2027
Table 44: Global Market for Plant-Based Creamers, Through 2027
Table 45: Global Market for Plant-Based Creamers, by Region, Through 2027
Table 46: Global Market for Plant-Based Yogurt, Through 2027
Table 47: Global Market for Plant-Based Yogurt, by Region, Through 2027
Table 48: Global Market for Plant-Based Butter, Through 2027
Table 49: Global Market for Plant-Based Butter, by Region, Through 2027
Table 50: Global Market for Plant-Based Cheese, Through 2027
Table 51: Global Market for Plant-Based Cheese, by Region, Through 2027
Table 52: Global Other Market for Plant-Based Dairy Products, Through 2027
Table 53: Global Other Market for Plant-Based Dairy Products, by Region, Through 2027
Table 54: Global Market for Vegan Food Sold through Health Food Stores, Through 2027
Table 55: Global Market for Vegan Food Sold through Health Food Stores, by Region, Through 2027
Table 56: Global Market for Vegan Food Sold through Specialty Gourmet Stores, Through 2027
Table 57: Global Market for Vegan Food Sold through Specialty Gourmet Stores, by Region, Through 2027
Table 58: Global Market for Vegan Food Sold through Conventional Multi-outlets, Through 2027
Table 59: Global Market for Vegan Food Sold through Conventional Multi-outlets, by Region, Through 2027
Table 60: North American Market for Vegan Food, Through 2027
Table 61: North American Market for Vegan Food, by Distribution Channel, Through 2027
Table 62: North American Market for Vegan Food, by Category, Through 2027
Table 63: North American Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 64: North American Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 65: North American Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 66: U.S. Market for Vegan Food, Through 2027
Table 67: Canadian Market for Vegan Food, Through 2027
Table 68: European Market for Vegan Food, Through 2027
Table 69: European Market for Vegan Food, by Distribution Channel, Through 2027
Table 70: European Market for Vegan Food, by Category, Through 2027
Table 71: European Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 72: European Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 73: European Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 74: German Vegan Food Market, Through 2027
Table 75: Spanish Vegan Food Market, Through 2027
Table 76: U.K. Market for Vegan Food, Through 2027
Table 77: Italian Market for Vegan Food, Through 2027
Table 78: French Market for Vegan Food, Through 2027
Table 79: Rest of European Market for Vegan Food, Through 2027
Table 80: Asia-Pacific Market for Vegan Food, Through 2027
Table 81: Asia-Pacific Market for Vegan Food, by Distribution Channel, Through 2027
Table 82: Asia-Pacific Market for Vegan Food, by Category, Through 2027
Table 83: Asia-Pacific Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 84: Asia-Pacific Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 85: Asia-Pacific Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 86: Chinese Market for Vegan Food, Through 2027
Table 87: Indian Market for Vegan Food, Through 2027
Table 88: Japanese Market for Vegan Food, Through 2027
Table 89: Indonesian Market for Vegan Food, Through 2027
Table 90: Australian Market for Vegan Food, Through 2027
Table 91: Rest of Asia-Pacific Market for Vegan Food, Through 2027
Table 92: Latin American Market for Vegan Food, Through 2027
Table 93: Latin American Market for Vegan Food, by Distribution Channel, Through 2027
Table 94: Latin American Market for Vegan Food, by Category, Through 2027
Table 95: Latin American Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 96: Latin American Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 97: Latin American Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 98: Brazilian Market for Vegan Food, Through 2027
Table 99: Mexican Market for Vegan Food, Through 2027
Table 100: Rest of Latin American Market for Vegan Food, Through 2027
Table 101: Middle Eastern & African Market for Vegan Food, Through 2027
Table 102: Middle Eastern & African Market for Vegan Food, by Distribution Channel, Through 2027
Table 103: Middle Eastern & African Market for Vegan Food, by Category, Through 2027
Table 104: Middle Eastern & African Market for Vegan Food, by Plant-Based Meat, Through 2027
Table 105: Middle Eastern & African Market for Vegan Food, by Plant-Based Milk, Through 2027
Table 106: Middle Eastern & African Market for Vegan Food, by Plant-Based Dairy, Through 2027
Table 107: South African Market for Vegan Food, Through 2027
Table 108: Saudi Arabian Market for Vegan Food, Through 2027
Table 109: Qatari Market for Vegan Food, Through 2027
Table 110: Rest of the Middle Eastern & African Market for Vegan Food, Through 2027
Table 111: Plant-Based Food Company Investment in U.S. and Worldwide 1980-2021
Table 112: Deal Type Summary Statistics, 2010-2021
Table 113: Plant-Based Food Other Financing Events in U.S. and Global, 2019-2021
Table 114: Most Active Investors in Plant-Based Food, by Deal Count (U.S. and Global), 2021
Table 115: Allplants: Product Portfolio
Table 116: Anuvia Plant Nutrients: Product Portfolio
Table 117: Anuvia Plant Nutrients: Recent Developments
Table 118: Atlast Food: Product Portfolio
Table 119: Atlast Food: Recent Developments
Table 120: Beyond Meat: Financials, 2017-2021
Table 121: Beyond Meat: Product Portfolio
Table 122: Beyond Meat: Recent Developments
Table 123: Daring Foods: Product Portfolio
Table 124: Eat Just: Recent Developments
Table 125: Future Farm: Product Portfolio
Table 126: Future Farm: Recent Developments
Table 127: Gathered Foods: Product Portfolio
Table 128: Gathered Foods: Recent Developments
Table 129: Good Catch: Product Portfolio
Table 130: Good Catch: Recent Developments
Table 131: Green Monday Holdings: Product Portfolio
Table 132: Impossible Foods: Product Portfolio
Table 133: Impossible Foods: Recent Developments
Table 134: Kite Hill: Product Portfolio
Table 135: Kite Hill: Recent Developments
Table 136: LIVEKINDLY: Product Portfolio
Table 137: LIVEKINDLY: Recent Developments
Table 138: Meati Foods: Product Portfolio
Table 139: Meati Foods: Recent Developments
Table 140: Motif: Product Portfolio
Table 141: Motif: Recent Developments
Table 142: Miyoko’s Kitchen: Product Portfolio
Table 143: Miyoko’s Kitchen: Recent Developments
Table 144: Nature’s Fynd: Product Portfolio
Table 145: Nature’s Fynd: Recent Developments
Table 146: Planted Foods: Product Portfolio
Table 147: PURIS: Product Portfolio
Table 148: Puris: Recent Developments
Table 149: Simple Feast: Recent Developments
Table 150: V2Food: Product Portfolio
Table 151: V2Food: Recent Developments

List of Figures
Figure A: Global Market for Vegan Food, by Category, 2021-2027
Figure 1: Global Market for Vegan Food, 2021-2027
Figure 2: Global Market for Vegan Food, by Region, 2021-2027
Figure 3: Global Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 4: Global Market for Vegan Food, by Category, 2021-2027
Figure 5: Global Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 6: Global Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 7: Global Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 8: Plant-Based Meat Market
Figure 9: Global Market for Plant-Based Meat, 2021-2027
Figure 10: Global Market for Plant-Based Meat, by Region, 2021-2027
Figure 11: Global Market for Plant-Based Milk, 2021-2027
Figure 12: Global Market for Plant-Based Milk, by Region, 2021-2027
Figure 13: Global Market for Plant-Based Dairy, 2021-2027
Figure 14: Global Market for Plant-Based Dairy, by Region, 2021-2027
Figure 15: Global Market for Plant-Based Meals, 2021-2027
Figure 16: Global Market for Plant-Based Meals, by Region, 2021-2027
Figure 17: Global Market for Plant-Based Condiments and Dressings, 2021-2027
Figure 18: Global Market for Plant-Based Condiments and Dressings, by Region, 2021-2027
Figure 19: Global Market for Plant-Based Eggs, 2021-2027
Figure 20: Global Market for Plant-Based Eggs, by Region, 2021-2027
Figure 21: Global Market for Other Vegan Food, 2021-2027
Figure 22: Global Market for Plant-Based Tofu and Tempeh, by Region, 2021-2027
Figure 23: Global Market for Almond Milk, 2021-2027
Figure 24: Global Market for Almond Milk, by Region, 2021-2027
Figure 25: Global Market for Soy Milk, 2021-2027
Figure 26: Global Market for Soy Milk, by Region, 2021-2027
Figure 27: Global Market for Blended Milk, 2021-2027
Figure 28: Global Market for Blended Milk, by Region, 2021-2027
Figure 29: Global Market for Coconut Milk, 2021-2027
Figure 30: Global Market for Coconut Milk, by Region, 2021-2027
Figure 31: Global Market for Other Plant-Based Milk, 2021-2027
Figure 32: Global Market for Other Plant-Based Milk, by Region, 2021-2027
Figure 33: Use of or Interest in Various Meat Alternative Formats Among U.S. Consumers of Plant-Based Proteins, February 2021
Figure 34: Global Market for Plant-Based Meat Burgers, 2021-2027
Figure 35: Global Market for Plant-Based Meat Burgers, by Region, 2021-2027
Figure 36: Global Market for Plant-Based Meat Links, 2021-2027
Figure 37: Global Market for Plant-Based Meat Links, by Region, 2021-2027
Figure 38: Global Market for Plant-Based Meat Patties, 2021-2027
Figure 39: Global Market for Plant-Based Meat Patties, by Region, 2021-2027
Figure 40: Global Market for Other Types of Plant-Based Meat Products, 2021-2027
Figure 41: Global Market for Other Types of Plant-Based Meat Products, by Region, 2021-2027
Figure 42: Global Market for Plant-Based Ice Cream and Frozen Novelties 2021-2027
Figure 43: Global Market for Plant-Based Ice Cream and Frozen Novelties, by Region, 2021-2027
Figure 44: Global Market for Plant-Based Creamers, 2021-2027
Figure 45: Global Market for Plant-Based Creamers, by Region, 2021-2027
Figure 46: Global Market for Plant-Based Yogurt, 2021-2027
Figure 47: Global Market for Plant-Based Yogurt, by Region, 2021-2027
Figure 48: Global Market for Plant-Based Butter, 2021-2027
Figure 49: Global Market for Plant-Based Butter, by Region, 2021-2027
Figure 50: Global Market for Plant-Based Cheese, 2021-2027
Figure 51: Global Market for Plant-Based Cheese, by Region, 2021-2027
Figure 52: Global Other Market for Plant-Based Dairy Products, 2021-2027
Figure 53: Global Other Market for Plant-Based Dairy Products, by Region, 2021-2027
Figure 54: Global Market for Vegan Food Sold through Health Food Stores, 2021-2027
Figure 55: Global Market for Vegan Food Sold through Health Food Stores, by Region, 2021-2027
Figure 56: Global Market for Vegan Food Sold through Specialty Gourmet Stores, 2021-2027
Figure 57: Global Market for Vegan Food Sold through Specialty Gourmet Stores, by Region, 2021-2027
Figure 58: Global Market for Vegan Food Sold through Conventional Multi-outlets, 2021-2027
Figure 59: Global Market for Vegan Food Sold through Conventional Multi-outlets, by Region, 2021-2027
Figure 60: North American Market for Vegan Food, 2021-2027
Figure 61: North American Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 62: North American Market for Vegan Food, by Category, 2021-2027
Figure 63: North American Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 64: North American Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 65: North American Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 66: U.S. Market for Vegan Food, 2021-2027
Figure 67: Canadian Market for Vegan Food, 2021-2027
Figure 68: European Market for Vegan Food, 2021-2027
Figure 69: European Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 70: European Market for Vegan Food, by Category, 2021-2027
Figure 71: European Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 72: European Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 73: European Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 74: German Vegan Food Market, 2021-2027
Figure 75: Spanish Market for Vegan Food, 2021-2027
Figure 76: U.K. Market for Vegan Food, 2021-2027
Figure 77: Italian Market for Vegan Food, 2021-2027
Figure 78: French Market for Vegan Food, 2021-2027
Figure 79: Rest of European Market for Vegan Food, 2021-2027
Figure 80: Asia-Pacific Market for Vegan Food, 2021-2027
Figure 81: Asia-Pacific Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 82: Asia-Pacific Market for Vegan Food, by Category, 2021-2027
Figure 83: Asia-Pacific Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 84: Asia-Pacific Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 85: Asia-Pacific Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 86: Chinese Market for Vegan Food, 2021-2027
Figure 87: Indian Market for Vegan Food, 2021-2027
Figure 88: Japanese Market for Vegan Food, 2021-2027
Figure 89: Indonesian Market for Vegan Food, 2021-2027
Figure 90: Australian Market for Vegan Food, 2021-2027
Figure 91: Rest of Asia-Pacific Market for Vegan Food, 2021-2027
Figure 92: Latin American Market for Vegan Food, 2021-2027
Figure 93: Latin American Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 94: Latin American Market for Vegan Food, by Category, 2021-2027
Figure 95: Latin American Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 96: Latin American Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 97: Latin American Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 98: Brazilian Market for Vegan Food, 2021-2027
Figure 99: Mexican Market for Vegan Food, 2021-2027
Figure 100: Rest of Latin American Market for Vegan Food, 2021-2027
Figure 101: Middle Eastern & African Market for Vegan Food, 2021-2027
Figure 102: Middle Eastern & African Market for Vegan Food, by Distribution Channel, 2021-2027
Figure 103: Middle Eastern & African Market for Vegan Food, by Category, 2021-2027
Figure 104: Middle Eastern & African Market for Vegan Food, by Plant-Based Meat, 2021-2027
Figure 105: Middle Eastern & African Market for Vegan Food, by Plant-Based Milk, 2021-2027
Figure 106: Middle Eastern & African Market for Vegan Food, by Plant-Based Dairy, 2021-2027
Figure 107: South African Market for Vegan Food, 2021-2027
Figure 108: Saudi Arabian Market for Vegan Food, 2021-2027
Figure 109: Qatari Market for Vegan Food, 2021-2027
Figure 110: Rest of the Middle Eastern & African Market for Vegan Food, 2021-2027
Figure 111: Beyond Meat: Financials Performance Overview, 2017-2021
Figure 112: Beyond Meat: Financials: Operating Income, 2017-2021
Figure 113: Beyond Meat: Financials: Net Income, 2017-2021
Figure 114: Beyond Meat: Financials: EBITDA, 2017-2021

Executive Summary

Consumer demand is driving demand for vegan food items, which is driving up demand for producers of plant-based goods. Consumer interest in vegan food is fueled by several factors, including expanding research into the health advantages of plant-based diets, rising support from medical professionals and expanded media coverage of these advantages. A decision by the U.S. Food and Drug Administration (FDA) favouring health claims about plant-based protein products and the growing availability of vegan food products in mainstream supermarkets as more mainstream processors enter this market are two more important factors driving growth. Pea-based vegan meat also has a sizable market share. Peas are an excellent source of plant-based protein due to their reasonable price, versatility and nutritional profile, as well as their widespread availability and applicability.

New developments in the vegan sector emerge every year, paving the way for a global transition to a much more just, safe and sustainable food system. The vegan industry experienced its most active growth in 2021, and many signs point to this as the beginning of a race for new vegan products on a global scale.

Customers can lessen the adverse effects of the food system on the environment, reduce the risk of zoonotic disease and antibiotic resistance, and feed more people with fewer resources by producing meat from plants, fermentation or cultivation of actual animal cells.

Additionally, by adopting a vegan food diet, consumers can help minimize air and water pollution, slow biodiversity loss and protect the oceans. Vegan diets are the future of the food industry, just as renewable energy sources are the future of the energy industry. As the international community works to reduce climate risks, vegan foods represent a vast opportunity to help humans achieve net-zero emissions, however, more funding and open-access R&D is required.

Companies Mentioned

  • Anuvia Plant Nutrients
  • Beyond Meat Inc.
  • Daring Foods
  • Gathered Foods
  • Good Catch
  • Green Monday Holdings
  • Impossible Foods Inc.
  • Kite Hill
  • Miyoko’S Kitchen
  • Nature’S Fynd
  • Planted Foods
  • Puris Foods
  • Simple Feast
  • V2Food

Table Information