The global vegan food market is anticipated to grow at a CAGR of 10.14% during the forecast period (2022-2027). Vegan food refers to edible products free from animal-derived ingredients, such as milk, eggs, honey, and gelatin. It is prepared from plant-based sources, including almonds, soy, oats, wheat, tofu, rice, and coconuts. Vegan food is widely consumed as an alternative to dairy, meat, and meat-based products as it is much healthier with a similar taste, texture, and flavor. Nowadays, vegan food is rapidly gaining traction among health-conscious consumers since it has a low concentration of cholesterol and saturated fats and is rich in iron, folic acid, magnesium, and vitamins B1, C, and E.
As per the analysis by the IMARC Group, the top 10 manufacturers in the vegan food industry are introducing a range of premium-quality vegan food items in various flavors, including vanilla, strawberry, blueberry, peach, and mixed berry, to meet the nutritional requirements of vegan and lactose-intolerant consumers. They are also adopting innovative packaging solutions and aggressive promotional activities like celebrity endorsements to attract more consumers and increase their product sales. Moreover, several manufacturers have launched vegan food products, such as cheese, desserts, ice cream, and yogurt, in low-fat and premium variants, which is further driving the market growth.
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Top 10 Vegan Food Manufacturing Companies Worldwide:
Amy’s Kitchen Inc.
Headquarters: California, United States
Amy’s Kitchen, Inc. is one of the leading manufacturers of organic frozen food products. The company markets and distributes more than 250 meals prepared using all-natural and organic ingredients through supermarkets, grocery stores, and e-commerce websites. It offers canned chili, soups, salsa and sauces, and frozen entrees, including pizzas, snacks, pot pies, veggie burgers, and sandwiches for vegan, corn-free, gluten-free, and other diets.
Beyond Meat Inc.
Headquarters: California, United States
Beyond Meat, Inc. manufactures plant-based protein food products that replicate the appearance and taste of meat. The company offers its products in various categories, such as The Beyond Burger, Beyond Sausage, Beyond Chicken Strips, and Beyond Beef Crumbles.
Daiya Foods Inc
Headquarters: Vancouver, Canada
Daiya Foods Inc. is a plant-based food company operating in the United States and Canada. It produces and supplies non-dairy cheese items and alternative dairy food products. The company has an extensive product portfolio comprising soy, dairy, and gluten-free pizza and cream cheese style spreads, slices, wedges, and shreds.
Headquarters: Paris, France
Danone S.A. is a leading food processing company that produces and markets dairy products, beverages, baby food, and medical nutrition products. It primarily operates through the fresh dairy products, waters, early life nutrition, and medical nutrition divisions. The company acquired WhiteWave in 2017 to expand its portfolio with complementary plant-based products. It also offers plant-based food and drinks under its Alpro’s brand, nut, and soymilk range under the Silk brand and plant-based nutrition shake under Vega.
Eden Foods Inc.
Headquarters: Michigan, United States
Eden Foods, Inc. manufactures natural and organic food products, such as pasta, beans, chilies, soy products, fruits and juices, oil and vinegar, condiments, and sweeteners. The company also produces teas, tomatoes, snack foods, sauerkrauts, and sea vegetables.
Plamil Foods Ltd.
Headquarters: Folkestone, United Kingdom
Plamil Foods Ltd. manufactures chocolate, mayonnaise, and other milk-free products that are supplied to consumers, retailers, wholesalers, and food catering and manufacturing facilities around the world.
Archer Daniels Midland Company
Headquarters: Illinois, United States
Archer Daniels Midland Company is a global leader in food processing that converts oilseeds, corn, wheat, and cocoa into food, chemical, and animal feed. It manufactures protein meals, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The company currently owns and operates 230 processing plants in numerous countries across the globe, including the United States, the United Kingdom, Australia, France, Germany, India, Italy, China, Canada, Netherlands, Spain, Mexico, Philippines, and New Zealand.
Tofutti Brands Inc.
Headquarters: New Jersey, United States
Tofutti Brands, Inc. markets and distributes soy-based, dairy-free frozen desserts and other food products throughout the United States and other countries, such as England, Japan, and Israel. The company’s targeted consumers are individuals who avoid or are allergic to milk. It has a diversified product portfolio comprising hard-pack and soft-serve Tofutti and sugar-free Tofutti, a variety of frozen sandwiches and novelties, such as Tofutti Cuties and Tofutti Monkey Bars, and other soy-based products like Better Than Cream Cheese, Sour Supreme imitation sour cream.
VBites Foods Limited
Headquarters: Northampton Shire
VBites Foods Limited is a leading global manufacturer of vegan food products intended to deliver the taste and texture of meat, fish, and dairy products without the harmful dietary, environmental, welfare, and sustainability drawbacks of pastoral agriculture and fishing. The company is engaged in the production of plant-based, meat-free, vegan meat substitutes, enabling consumers to avail tasty and healthy vegan food products.
Vitasoy Australia Products Pty Ltd.
Vitasoy Australia Products Pty Ltd. manufactures and distributes non-dairy-based milk. The company’s product portfolio includes Milk Protein Plus, Soy Milk Calci-Plus, Soy Milk Original, Prebiotic Soy Milk, Prebiotic Oat Milk, and Prebiotic Almond Milk.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global vegan food industry and regional India vegan food, which has enabled clients to set up and expand their businesses successfully. Some of the company's offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development