Growing Trending Activities Fuel Demand in the Vegan Foods Market Forecast 2030

Global Vegan Foods Market Overview:

According to MarkNtel Advisors study the Global Vegan Food Market size was valued at around USD 22.2 Billion in 2023 and is estimated to grow at a CAGR of around 10.5% during the forecast period, i.e., 2024-30. This is attributed to the rising rate of obesity, heart disease, high blood pressure, and diabetes among the global population & the prevalence of lifestyle-related diseases. Along with this, the increasing concerns for animal health & cruelty across the food industry & rising awareness about numerous health benefits are influencing individuals to opt for vegan food.

Key Findings of the Study: Vegan Foods market

Global Vegan Food Market Opportunity:

Launch of Innovative Vegan Foods – Nowadays, there are a variety of vegan food products available in the market, this is due to the launch of several new vegan food items & cuisines. This variety helps in meeting a wide range of dietary requirements, taste preferences, and culinary customs. Plant-based cheese, meat, sweets, dairy-free milk & other products, etc., are the wide varieties of vegan food products. Also, with the rising variety of vegan food, many non-vegan dietary consumers are also inkling towards it, thus creating a profitable opportunity for the Vegan Food Market.

Furthermore, the market is flourishing due to the presence of vegan food meal kits, grab0ndgo snacks, plant-based protein bars, and ready-to-eat meals. Also, the production of plant-based substitutes for conventional Indian cuisine, like ghee, curd, butter, and many more, is leading to the growth of the Vegan Food Industry.

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Scope of the Vegan Foods Market Report Segmentation

-By Product Type

Dairy Products
Meat Substitutes

-By Distribution Channel

Online
Offline

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Geographical analysis:

-By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

North America accounted for a prominent share of the Vegan Food Market over the past few years & is presumed to flourish in the forecast years. It owes primarily to the shifting living standards of people and their growing sensitivity & inclination toward a vegan diet as an initiative to reduce animal cruelty. These aspects are instigating food manufacturers to increase their production & distribution capabilities, offering vegan whole food, vegan raw food, vegan frozen food, and others, to cater to the burgeoning consumer demand for plant-based food products across North America.

Global Vegan Food Industry Recent Development:

May 2024: Beyond which is one of the leading vegan food companies. Declared that it had launched a new Beyond Burger, which is cooked with avocado oil & has a patty made with peas, brown rice, red lentils, and faba beans & is widely available in every retail store worldwide. Meat,
March 2024: Conagra, Inc., introduced a wide variety of new meals, vegetable sides, and snacks at the Natural Products Expo West 2024, This was inspired by the growing culinary trend & popular restaurant dishes. The company’s latest offerings blend quality ingredients, great flavor, and convenience.

Current Landscape of Vegan Foods Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Vegan Foods market. The research report profiles major players, including

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Amy’s Kitchen
Archer Daniels Midland Company
Beyond Meat
Conagra, Inc.
Danone S.A.
Daiya Foods, Inc.
Eden Foods, Inc.
Impossible Foods Inc.
Kellogg Company
Tofutti Brands
The Hain Celestial Group, Inc.
VBites Foods Ltd
Others

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