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Vegan Food Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 124
  • SKU: IRTNTR73644
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The vegan food market share is expected to increase to USD 21.46 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.25%.

This vegan food market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vegan food market segmentation by product (dairy alternative, meat alternative, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The vegan food market report also offers information on several market vendors, including Amys Kitchen Inc., Bega Cheese Ltd., Beyond Meat Inc., Blue Diamond Growers, Danone SA, Earths Own Food Co. Inc., Eden Foods Inc., First Grade International, Fresh Start, Living Harvest Foods, Maple Leaf Foods Inc., Organic Valley, Otsuka Holdings Co. Ltd., PANOS Brands LLC, Ripple Foods PBC, Saputo Inc., SunOpta Inc., The Hain Celestial Group Inc., Tofutti Brands Inc., and VBites Foods Ltd. among others.

What will the Vegan Food Market Size be During the Forecast Period?

Vegan Food Market Size

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Vegan Food Market: Key Drivers, Trends, and Challenges

The growing number of vegan consumers is notably driving the vegan food market growth, although factors such as lack of product standardization guidelines may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vegan food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vegan Food Market Driver

  • The growing number of vegan consumers is one of the key drivers supporting the vegan food market growth.
  • Veganism is a way of life that excludes all forms of animal exploitation and cruelty in producing products such as food and clothing.
  • People are adopting the vegan lifestyle, particularly for its health benefits and ethical reasons. 
  • Significantly, food service outlets are also adding vegan recipes to their menus to attract vegan consumers.
  • For instance, as of January 2021, the total number of vegans globally was nearly 79 million, which was 3% higher than the total vegan population across the world in 2020. Such an increase in the global population will drive the vegan food market growth during the forecast period.

Key Vegan Food Market Trend

  • New product launches is one of the key vegan food market trends fueling the vegan food market growth.
  • A successful new product launch helps in increasing the revenue flow of a company and helps in increasing the consumer base of the player.
  • A successful new product launch helps increase the market share of the player and attain a competitive advantage over other players in the market. 
  • For instance, on May 31, 2022, Conagra Brands, Inc. announced the launch of battered fishless fillets to its plant-based green cuisine range under the brand Birds Eye in the UK. 
  • Similarly, in March 2022, Little Red Rooster Ice Cream Co.'s brand NadaMoo launched a new Chocolate Chip Cookie Dough Flavor, a dairy-free ice cream. Such new product launches will propel the vegan food market growth during the forecast period.

Key Vegan Food Market Challenge

  • The lack of product standardization guidelines is one of the key factors challenging the vegan food market growth.
  • Countries have different legislations and regulations pertaining to the packaging process of vegan food. Such rules are introduced, keeping in mind the safety and effectiveness of the products, but the inconsistency of the regulations stands as a formidable challenge for the products' prospects.
  • The regulatory bodies declare bans on ingredients if there are any health hazards. This may lead to product recalls.
  • For instance, Trans fat, an artificial ingredient found in many processed foods, is used to maintain its form and texture and improve shelf life.
  • In 2018, the FDA banned the consumption of trans fat due to the serious health concerns raised by its consumption. This led to a fundamental change in the labeling and branding of products, increasing production costs for vendors. Therefore, the absence of a uniform regulation has been identified as one of the challenges that could hinder the growth of the global vegan food market during the forecast period.

This vegan food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global vegan food market as a part of the global packaged food and meat market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vegan food market during the forecast period.

Who are the Major Vegan Food Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amys Kitchen Inc.
  • Bega Cheese Ltd.
  • Beyond Meat Inc.
  • Blue Diamond Growers
  • Danone SA
  • Earths Own Food Co. Inc.
  • Eden Foods Inc.
  • First Grade International
  • Fresh Start
  • Living Harvest Foods
  • Maple Leaf Foods Inc.
  • Organic Valley
  • Otsuka Holdings Co. Ltd.
  • PANOS Brands LLC
  • Ripple Foods PBC
  • Saputo Inc.
  • SunOpta Inc.
  • The Hain Celestial Group Inc.
  • Tofutti Brands Inc.
  • VBites Foods Ltd.

 

This statistical study of the vegan food market encompasses successful business strategies deployed by the key vendors. The vegan food market is fragmented and the vendors are deploying growth strategies such as introducing products, expanding their presence through M&A, and launching marketing campaigns to compete in the market.

Product Insights and News

  • Beyondmeat.com - The company offers Vegan foods such as vegan ground meat, sausages, and meatballs.
  • Danone.com - The company offers vegan foods under the brand names Silk, Alpro, and Actimel.
  • Earthsown.com - The company offers vegan foods such as cream cheese, creamy ranch, and sour cream.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vegan food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vegan Food Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vegan food market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Vegan Food Market?

Vegan Food Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for the vegan food market in North America. Market growth in this region will be faster than the growth of the market in Europe.

Rising disposable incomes will facilitate the vegan food market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a mixed impact on the regional market as the pandemic led to an increase in online sales of vegan food. Moreover, in 2021, the initiation of COVID-19 vaccination drives led to the lifting of lockdowns and the resumption of manufacturing operations in units producing vegan food. This has increased the demand for vegan food products in retail stores. Thus, such factors are expected to drive the growth of the regional vegan food market during the forecast period.

What are the Revenue-generating Product Segments in the Vegan Food Market?

Vegan Food Market Segmentation

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The vegan food market share growth by the dairy alternative segment will be significant during the forecast period. The rising demand for dairy alternatives products is due to the increasing vegan population and awareness regarding lactose intolerance. The diary alternative in vegan food is rich in fiber, antioxidants, and beneficial plant compounds. It is also rich in potassium, magnesium, folate, and vitamins A, C, and E. The major growth factor for the dairy alternative segment in the global vegan food market is due to the increasing consumption of plant-based dairy products. Thus, an increase in demand for dairy alternative will boost the vegan food market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vegan food market size and actionable market insights on post COVID-19 impact on each segment.

 

Vegan Food Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.25%

Market growth 2022-2026

$ 21.46 billion

Market structure

Fragmented

YoY growth (%)

11.68

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amys Kitchen Inc., Bega Cheese Ltd., Beyond Meat Inc., Blue Diamond Growers, Danone SA, Earths Own Food Co. Inc., Eden Foods Inc., First Grade International, Fresh Start, Living Harvest Foods, Maple Leaf Foods Inc., Organic Valley, Otsuka Holdings Co. Ltd., PANOS Brands LLC, Ripple Foods PBC, Saputo Inc., SunOpta Inc., The Hain Celestial Group Inc., Tofutti Brands Inc., and VBites Foods Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

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What are the Key Data Covered in this Vegan Food Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive vegan food market growth during the next five years
  • Precise estimation of the vegan food market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vegan food industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vegan food market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Dairy alternative - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Dairy alternative - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Dairy alternative - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Dairy alternative - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Dairy alternative - Year-over-year growth 2021-2026 (%)
    • 5.4 Meat alternative - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Meat alternative - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Meat alternative - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Meat alternative - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Meat alternative - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Bega Cheese Ltd.
              • Exhibit 93: Bega Cheese Ltd. - Overview
              • Exhibit 94: Bega Cheese Ltd. - Business segments
              • Exhibit 95: Bega Cheese Ltd. - Key offerings
              • Exhibit 96: Bega Cheese Ltd. - Segment focus
            • 10.4 Beyond Meat Inc.
              • Exhibit 97: Beyond Meat Inc. - Overview
              • Exhibit 98: Beyond Meat Inc. - Product / Service
              • Exhibit 99: Beyond Meat Inc. - Key offerings
            • 10.5 Danone SA
              • Exhibit 100: Danone SA - Overview
              • Exhibit 101: Danone SA - Business segments
              • Exhibit 102: Danone SA - Key news
              • Exhibit 103: Danone SA - Key offerings
              • Exhibit 104: Danone SA - Segment focus
            • 10.6 Earths Own Food Co. Inc.
              • Exhibit 105: Earths Own Food Co. Inc. - Overview
              • Exhibit 106: Earths Own Food Co. Inc. - Product / Service
              • Exhibit 107: Earths Own Food Co. Inc. - Key offerings
            • 10.7 Eden Foods Inc.
              • Exhibit 108: Eden Foods Inc. - Overview
              • Exhibit 109: Eden Foods Inc. - Product / Service
              • Exhibit 110: Eden Foods Inc. - Key offerings
            • 10.8 Ripple Foods PBC
              • Exhibit 111: Ripple Foods PBC - Overview
              • Exhibit 112: Ripple Foods PBC - Product / Service
              • Exhibit 113: Ripple Foods PBC - Key offerings
            • 10.9 SunOpta Inc.
              • Exhibit 114: SunOpta Inc. - Overview
              • Exhibit 115: SunOpta Inc. - Business segments
              • Exhibit 116: SunOpta Inc. - Key offerings
              • Exhibit 117: SunOpta Inc. - Segment focus
            • 10.10 The Hain Celestial Group Inc.
              • Exhibit 118: The Hain Celestial Group Inc. - Overview
              • Exhibit 119: The Hain Celestial Group Inc. - Business segments
              • Exhibit 120: The Hain Celestial Group Inc. - Key news
              • Exhibit 121: The Hain Celestial Group Inc. - Key offerings
              • Exhibit 122: The Hain Celestial Group Inc. - Segment focus
            • 10.11 Tofutti Brands Inc.
              • Exhibit 123: Tofutti Brands Inc. - Overview
              • Exhibit 124: Tofutti Brands Inc. - Product / Service
              • Exhibit 125: Tofutti Brands Inc. - Key offerings
            • 10.12 VBites Foods Ltd.
              • Exhibit 126: VBites Foods Ltd. - Overview
              • Exhibit 127: VBites Foods Ltd. - Product / Service
              • Exhibit 128: VBites Foods Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations
              • Unified

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Vegan Food Market market growth will increase by $21.46 billion during 2022-2026.
                The vegan food market market is expected to grow at a CAGR of 12.25% during 2022-2026.
                Technavio has segmented the vegan food market market by product (dairy alternative, meat alternative, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                Amys Kitchen Inc., Bega Cheese Ltd., Beyond Meat Inc., Blue Diamond Growers, Danone SA, Earths Own Food Co. Inc., Eden Foods Inc., First Grade International, Fresh Start, Living Harvest Foods, Maple Leaf Foods Inc., Organic Valley, Otsuka Holdings Co. Ltd., PANOS Brands LLC, Ripple Foods PBC, Saputo Inc., SunOpta Inc., The Hain Celestial Group Inc., Tofutti Brands Inc., VBites Foods Ltd. are a few of the key vendors in the vegan food market market.
                North America will register the highest growth rate of 40% among the other regions. Therefore, the vegan food market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the vegan food market market growth are:
                • Growing number of vegan consumers
                • New product launches
                The vegan food market market vendors should focus on grabbing business opportunities from the dairy alternative segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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