The Australia Vegan Food Market was valued at AUD 690.23 Million in 2025, and is projected to reach AUD 1.44 Billion by 2034, rising at a CAGR of 7.70%.
Australia vegan food market analysis suggests that embracing a vegan diet presents numerous advantages for both individuals and the environment. Nutritionally, plant-based diets rich in fruits, vegetables, whole grains, nuts, seeds, and legumes provide essential vitamins, minerals, and antioxidants while potentially reducing the risk of chronic diseases such as heart disease, hypertension, and certain cancers.
Vegan food is being classified into supermarkets and hypermarkets, convenience stores, speciality stores, online channels, and others, based on distribution channels. Supermarkets and hypermarkets in Australia play a crucial role in driving the growth of the Australia vegan food market through a multifaceted approach. They offer an extensive array of vegan products, including plant-based meats, dairy alternatives, snacks, and ready meals, often complemented by their private-label offerings that enhance affordability and accessibility.
The Australia vegan food market development is propelled by the growing awareness of the environmental impact of animal agriculture is leading many consumers to choose vegan options to reduce their carbon footprint. Innovations in plant-based meat alternatives, such as those made from pea protein, soy, and wheat, are providing consumers with familiar textures and flavours. In November 2023, Krispy Kreme rolled out its range of vegan doughnuts in Australia.
Australia vegan food market analysis suggests that embracing a vegan diet presents numerous advantages for both individuals and the environment. Nutritionally, plant-based diets rich in fruits, vegetables, whole grains, nuts, seeds, and legumes provide essential vitamins, minerals, and antioxidants while potentially reducing the risk of chronic diseases such as heart disease, hypertension, and certain cancers.
Vegan food is being classified into supermarkets and hypermarkets, convenience stores, speciality stores, online channels, and others, based on distribution channels. Supermarkets and hypermarkets in Australia play a crucial role in driving the growth of the Australia vegan food market through a multifaceted approach. They offer an extensive array of vegan products, including plant-based meats, dairy alternatives, snacks, and ready meals, often complemented by their private-label offerings that enhance affordability and accessibility.
The Australia vegan food market development is propelled by the growing awareness of the environmental impact of animal agriculture is leading many consumers to choose vegan options to reduce their carbon footprint. Innovations in plant-based meat alternatives, such as those made from pea protein, soy, and wheat, are providing consumers with familiar textures and flavours. In November 2023, Krispy Kreme rolled out its range of vegan doughnuts in Australia.
This report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Dairy Alternative
- Meat Substitute
- Vegan Bakery
- Others
Market Breakup by Source
- Almond
- Soy
- Oats
- Wheat
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online Channels
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Australia Vegan Food Market Share
Dairy alternatives hold a major share in the Australian vegan food market due to increasing consumer demand driven by health awareness, with many Australians being lactose intolerant or perceiving plant-based options as healthier.Leading Companies in the Australia Vegan Food Market
The growth of the vegan food market is fuelled by an increase in health and wellness focus, enhanced processing techniques, packaging, and sustainability, rise of online retail platforms, and subscription services.- ProForm Foods
- Fenn Foods Pty Ltd.
- v2food Pty Ltd.
- Harvest B Pty Ltd.
- The Aussie Plant Based Co.
- Plarre Foods Pty Ltd.
- Impossible Foods Inc.
- The Livekindly Company, Inc.
- Cale And Daughters Pty Limited
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Market Snapshot7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
8 Asia-Pacific Vegan Food Market Overview
9 Australia Vegan Food Market Overview
10 Australia Vegan Food Market by Product Type
11 Australia Vegan Food Market by Source
12 Australia Vegan Food Market by Distribution Channel
13 Australia Vegan Food Market by Region
14 Market Dynamics
15 Competitive Landscape
Companies Mentioned
- ProForm Foods
- Fenn Foods Pty Ltd.
- v2food Pty Ltd.
- Harvest B Pty Ltd.
- The Aussie Plant Based Co.
- Plarre Foods Pty Ltd.
- Impossible Foods Inc.
- The Livekindly Company, Inc.
- Cale And Daughters Pty Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | October 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( AUD | $ 690.23 Million |
| Forecasted Market Value ( AUD | $ 1440 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Australia |
| No. of Companies Mentioned | 9 |
