The global vegan food market is currently witnessing strong growth. Vegan food consists of various products that are derived or processed from plant-based sources and are commonly consumed as a substitute for regular meat and meat-based products. They are majorly produced using vegetarian ingredients, such as almond, soy, oats, wheat, tofu, rice and coconut and lack animal-derived products, including milk, eggs, honey and gelatin. A balanced diet with vegan food products is a rich source of vitamins B1, C and E, folic acid, magnesium and iron while being low in cholesterol and saturated fats.
The increasing prevalence of chronic and lifestyle diseases is one of the key factors driving the growth of the market. Low-fat vegan products aid in maintaining the blood glucose levels and minimizing the risks of obesity, stroke, cholesterol and cancer. Furthermore, increasing consciousness among the consumers regarding animal health and prevention of cruelty against animals in the food industry is also providing a boost to the market growth. Various non-government organizations (NGOs) are working toward promoting farm animal welfare and spreading awareness regarding the nutritional benefits of an animal-free diet. Additionally, manufacturers are launching a variety of premium-quality vegan food items in numerous flavors and attractive packaging solutions, which is gaining immense popularity among consumers across the globe. Other factors, including the availability of ready to eat and packaged vegan products, increasing expenditure capacities of the consumers and extensive promotional activities by celebrities and athletes to encourage the consumption of vegan products to maintain a healthy lifestyle, are projected to drive the market further. Looking forward, IMARC Group expects the market to register a CAGR of around 8% during 2020-2025.
Breakup by Product:
- Dairy Alternatives
- Cheese
- Dessert
- Snacks
- Others
- Meat Substitutes
- Tofu
- TVP
- Seiten
- Quorn
- Others
- Others
Breakup by Source:
- Almond
- Soy
- Oats
- Wheat
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the being Amy's Kitchen, Beyond Meat, Daiya, Danone S.A, Eden Foods Inc., Plamil Foods Ltd., The Archer Daniels Midland Company, Tofutti Brands Inc., VBites Foods Limited, Vitasoy, etc.
Key Questions Answered in This Report:
- How has the global vegan food market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global vegan food market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vegan Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Product
6.1 Dairy Alternatives
6.1.1 Market Trends
6.1.2 Market Breakup by Type
6.1.2.1 Cheese
6.1.2.1.1 Market Trends
6.1.2.1.2 Market Forecast
6.1.2.2 Dessert
6.1.2.2.1 Market Trends
6.1.2.2.2 Market Forecast
6.1.2.3 Snacks
6.1.2.3.1 Market Trends
6.1.2.3.2 Market Forecast
6.1.2.4 Others
6.1.2.4.1 Market Trends
6.1.2.4.2 Market Forecast
6.1.3 Market Forecast
6.2 Meat Substitutes
6.2.1 Market Trends
6.2.2 Market Breakup by Type
6.2.2.1 Tofu
6.2.2.1.1 Market Trends
6.2.2.1.2 Market Forecast
6.2.2.2 TVP
6.2.2.2.1 Market Trends
6.2.2.2.2 Market Forecast
6.2.2.3 Seiten
6.2.2.3.1 Market Trends
6.2.2.3.2 Market Forecast
6.2.2.4 Quorn
6.2.2.4.1 Market Trends
6.2.2.4.2 Market Forecast
6.2.2.5 Others
6.2.2.5.1 Market Trends
6.2.2.5.2 Market Forecast
6.2.3 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Source
7.1 Almond
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Soy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oats
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Wheat
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amy's Kitchen
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Beyond Meat
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Daiya
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Danone S.A
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Eden Foods Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Plamil Foods Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 The Archer Daniels Midland Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Tofutti Brands Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 VBites Foods Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Vitasoy
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Vegan Food Market: Major Drivers and Challenges
Figure 2: Global: Vegan Food Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Vegan Food Market: Breakup by Product (in %), 2019
Figure 4: Global: Vegan Food Market: Dairy Alternatives Breakup by Product Type (in %), 2019
Figure 5: Global: Vegan Food Market: Meat Substitutes Breakup by Product Type (in %), 2019
Figure 6: Global: Vegan Food Market: Breakup by Source (in %), 2019
Figure 7: Global: Vegan Food Market: Breakup by Distribution Channel (in %), 2019
Figure 8: Global: Vegan Food Market: Breakup by Region (in %), 2019
Figure 9: Global: Vegan Food Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Vegan Food (Dairy Alternatives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Vegan Food (Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Vegan Food (Dairy Alternatives - Cheese) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Vegan Food (Dairy Alternatives - Cheese) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Vegan Food (Dairy Alternatives - Dessert) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Vegan Food (Dairy Alternatives - Dessert) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Vegan Food (Dairy Alternatives - Snacks) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Vegan Food (Dairy Alternatives - Snacks) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Vegan Food (Other Dairy Alternatives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Vegan Food (Other Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Vegan Food (Meat Substitutes) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Vegan Food (Meat Substitutes) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Vegan Food (Meat Substitutes - Tofu) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Vegan Food (Meat Substitutes - Tofu) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Vegan Food (Meat Substitutes - TVP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Vegan Food (Meat Substitutes - TVP) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Vegan Food (Meat Substitutes - Seitan) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Vegan Food (Meat Substitutes - Seitan) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Vegan Food (Meat Substitutes - Quorn) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Vegan Food (Meat Substitutes - Quorn) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Vegan Food (Other Meat Substitutes) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Vegan Food (Other Meat Substitutes) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Vegan Food (Other Vegan Food Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Vegan Food (Other Vegan Food Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Vegan Food (Almond) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Vegan Food (Almond) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Vegan Food (Soy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Vegan Food (Soy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Vegan Food (Oats) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Vegan Food (Oats) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Vegan Food (Wheat) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Vegan Food (Wheat) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Vegan Food (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Vegan Food (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Global: Vegan Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Global: Vegan Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Global: Vegan Food (Convenience Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Global: Vegan Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Global: Vegan Food (Specialty Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Global: Vegan Food (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Global: Vegan Food (Online Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Global: Vegan Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Global: Vegan Food (Other Distribution Channels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Global: Vegan Food (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: North America: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: North America: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: United States: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: United States: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Canada: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Canada: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Asia Pacific: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Asia Pacific: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-22025
Figure: China: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: China: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Japan: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Japan: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: India: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: India: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: South Korea: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: South Korea: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Australia: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Australia: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Indonesia: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Indonesia: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Others: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Others: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Europe: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Europe: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Germany: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Germany: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: France: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: France: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: United Kingdom: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: United Kingdom: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Italy: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Italy: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Spain: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Spain: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Russia: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Russia: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Others: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Others: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Latin America: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Latin America: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Brazil: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Brazil: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Mexico: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Mexico: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Others: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 99: Others: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 100: Middle East and Africa: Vegan Food Market: Sales Value (in Million US$), 2014 & 2019
Figure 101: Middle East and Africa: Vegan Food Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 102: Global: Vegan Food Industry: SWOT Analysis
Figure 103: Global: Vegan Food Industry: Value Chain Analysis
Figure 104: Global: Vegan Food Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Vegan Food Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Vegan Food Market Forecast: Breakup by Product (in Million US$), 2020-2025
Table 3: Global: Vegan Food Market Forecast: Dairy Alternatives Breakup by Product Type (in Million US$), 2020-2025
Table 4: Global: Vegan Food Market Forecast: Meat Substitutes Breakup by Product Type (in Million US$), 2020-2025
Table 5: Global: Vegan Food Market Forecast: Breakup by Source (in Million US$), 2020-2025
Table 6: Global: Vegan Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 7: Global: Vegan Food Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Vegan Food Market: Competitive Structure
Table 9: Global: Vegan Food Market: Key Players