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Press Release:

Global Vegan Food Market to Reach US$ 25.3 Billion by 2025, Impelled by Shift Toward Plant-Based Diets

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Vegan Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global vegan food market was worth US$ 15.6 Billion in 2019. 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 almonds, soy, oats, wheat, tofu, rice, and coconuts, 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.

Global Vegan Food Market Research Report

The rising incidences of chronic lifestyle diseases represent the primary factor boosting the sales of vegan foods as they help in maintaining the blood glucose levels and minimizing the risks of stroke, obesity, cholesterol and cancer. Besides this, various non-government organizations (NGOs) are spreading awareness regarding the nutritional benefits of an animal-free diet and promoting farm animal welfare.  This, along with the increasing consciousness among individuals about animal health and cruelty against animals in the food industry, is positively influencing the sales of vegan food products worldwide. Moreover, market players are launching a variety of premium-quality vegan food items in numerous flavors and attractive packaging solutions to attract a wider consumer base and expand their product portfolio. Other factors, such as the availability of ready-to-eat (RTE) and packaged vegan products, coupled with extensive promotional activities by celebrities and athletes encouraging their consumption to maintain a healthy lifestyle, are projected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 25.3 Billion by 2025, exhibiting a CAGR of around 8% during 2020-2025.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan food market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, service, organization size, and verticle.

Breakup by Product:

  • Breakup by Source:
    • Almond
    • Soy
    • Oats
    • Wheat
    • Others

At present, soy accounts for the majority of the overall market share.

  • Dairy Alternatives
    • Cheese
    • Dessert
    • Snacks
    • Others
  • Meat Substitutes
    • Tofu
    • TVP
    • Seiten
    • Quorn
    • Others
  • Others

Meat substitutes currently represent the most popular type of vegan food around the world.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Amongst these, the majority of vegan food is distributed through supermarkets and hypermarkets.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading vegan food manufacturers operating in the market are Amy's Kitchen, Inc., Beyond Meat, Inc., Daiya Foods, Inc., Danone SA, Eden Foods, Inc., Plamil Foods Ltd., Archer Daniels Midland Company, Tofutti Brands, Inc., VBites Foods Limited, and Vitasoy Australia Products Pty Ltd.

Key Questions Answered in This Report: 

 

The global vegan food market was worth US$ 15.6 Billion in 2019.

As per the IMARC Group estimates, the global vegan food market will reach a value of US$ 25.3 Billion by 2025.

The global vegan food market is primarily driven by from plant-based sources and are commonly consumed as a substitute for regular meat and meat-based products.

Leading vegan food manufacturers are Amy's Kitchen, Beyond Meat, Daiya, Danone S.A, Eden Foods, Plamil Foods, The Archer Daniels Midland Company, Tofutti Brands, VBites Foods, Vitasoy, etc.

At present, supermarkets and hypermarkets dominate the market. Vegan food market prefer these stores as they offer access to a wide variety of brands and product.

The vegan food market is anticipated to exhibit a CAGR of 8% during 2020-2025.

The market has been analyzed on the basis of the product type into dairy alternatives, meat substitutes and others.

On the basis of the pricing type, the market has been figured into mass and premium products.

Based on the source type, the market has been divided into almond, soy, oats, wheat, and others.

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        

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