Abstract
Summary
Vegan Food is a type of vegetarian diet that excludes meat, eggs, dairy products and all other animal-derived ingredients. Many vegans also excludes foods that are processed using animal products, such as refined white sugar and some wines.
LPI (LP Information)' newest research report, the “Vegan Food Industry Forecast” looks at past sales and reviews total world Vegan Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Vegan Food sales for 2023 through 2029. With Vegan Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vegan Food industry.
This Insight Report provides a comprehensive analysis of the global Vegan Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vegan Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vegan Food market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vegan Food and breaks down the forecast by type, by channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vegan Food.
The global Vegan Food market size is projected to grow from US$ 11350 million in 2022 to US$ 16620 million in 2029; it is expected to grow at a CAGR of 16620 from 2023 to 2029.
Growing awareness about animal health and animal cruelty in the food industry has been encouraging people to shift from animal-based to plant-based food products. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market.
This report presents a comprehensive overview, market shares, and growth opportunities of Vegan Food market by product type, channel, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Dairy Alternatives
Meat Substitutes
Others
Segmentation by channel
Retail Channel
Foodservice Channel
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Beyond Meat
Impossible Foods
Maple Leaf Foods
Kraft Heinz
Conagra Brands
Kellogg Company
Turtle Island Foods
Tyson Foods Inc.
Else Nutrition
Forum II Merger Corporation
Burcon NutraScience
Laird Superfood
The Very Good Food Company
Modern Meat
Ingredion Incorporated
Bunge
AAK
Total Produce
Archer Daniels Midland
Hain Celestial Group
Unilever
Nestle
Growthwell Group
Yantai Shuangta Food
Jinzi Ham Co., Ltd.
Itoham Foods
Fuji Oil Holdings
NH Foods Group
NR Instant Produce
Key Questions Addressed in this Report
What is the 10-year outlook for the global Vegan Food market?
What factors are driving Vegan Food market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vegan Food market opportunities vary by end market size?
How does Vegan Food break out type, channel?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Vegan Food Industry Forecast” looks at past sales and reviews total world Vegan Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Vegan Food sales for 2023 through 2029. With Vegan Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vegan Food industry.
This Insight Report provides a comprehensive analysis of the global Vegan Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vegan Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vegan Food market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vegan Food and breaks down the forecast by type, by channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vegan Food.
The global Vegan Food market size is projected to grow from US$ 11350 million in 2022 to US$ 16620 million in 2029; it is expected to grow at a CAGR of 16620 from 2023 to 2029.
Growing awareness about animal health and animal cruelty in the food industry has been encouraging people to shift from animal-based to plant-based food products. Increasing awareness about the benefits of following vegan diet is the key factor responsible for the growth of this market.
This report presents a comprehensive overview, market shares, and growth opportunities of Vegan Food market by product type, channel, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Dairy Alternatives
Meat Substitutes
Others
Segmentation by channel
Retail Channel
Foodservice Channel
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Beyond Meat
Impossible Foods
Maple Leaf Foods
Kraft Heinz
Conagra Brands
Kellogg Company
Turtle Island Foods
Tyson Foods Inc.
Else Nutrition
Forum II Merger Corporation
Burcon NutraScience
Laird Superfood
The Very Good Food Company
Modern Meat
Ingredion Incorporated
Bunge
AAK
Total Produce
Archer Daniels Midland
Hain Celestial Group
Unilever
Nestle
Growthwell Group
Yantai Shuangta Food
Jinzi Ham Co., Ltd.
Itoham Foods
Fuji Oil Holdings
NH Foods Group
NR Instant Produce
Key Questions Addressed in this Report
What is the 10-year outlook for the global Vegan Food market?
What factors are driving Vegan Food market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vegan Food market opportunities vary by end market size?
How does Vegan Food break out type, channel?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vegan Food Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Vegan Food by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Vegan Food by Country/Region, 2018, 2022 & 2029
2.2 Vegan Food Segment by Type
2.2.1 Dairy Alternatives
2.2.2 Meat Substitutes
2.2.3 Others
2.3 Vegan Food Sales by Type
2.3.1 Global Vegan Food Sales Market Share by Type (2018-2023)
2.3.2 Global Vegan Food Revenue and Market Share by Type (2018-2023)
2.3.3 Global Vegan Food Sale Price by Type (2018-2023)
2.4 Vegan Food Segment by Channel
2.4.1 Retail Channel
2.4.2 Foodservice Channel
2.5 Vegan Food Sales by Channel
2.5.1 Global Vegan Food Sale Market Share by Channel (2018-2023)
2.5.2 Global Vegan Food Revenue and Market Share by Channel (2018-2023)
2.5.3 Global Vegan Food Sale Price by Channel (2018-2023)
3 Global Vegan Food by Company
3.1 Global Vegan Food Breakdown Data by Company
3.1.1 Global Vegan Food Annual Sales by Company (2018-2023)
3.1.2 Global Vegan Food Sales Market Share by Company (2018-2023)
3.2 Global Vegan Food Annual Revenue by Company (2018-2023)
3.2.1 Global Vegan Food Revenue by Company (2018-2023)
3.2.2 Global Vegan Food Revenue Market Share by Company (2018-2023)
3.3 Global Vegan Food Sale Price by Company
3.4 Key Manufacturers Vegan Food Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Vegan Food Product Location Distribution
3.4.2 Players Vegan Food Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Vegan Food by Geographic Region
4.1 World Historic Vegan Food Market Size by Geographic Region (2018-2023)
4.1.1 Global Vegan Food Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Vegan Food Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Vegan Food Market Size by Country/Region (2018-2023)
4.2.1 Global Vegan Food Annual Sales by Country/Region (2018-2023)
4.2.2 Global Vegan Food Annual Revenue by Country/Region (2018-2023)
4.3 Americas Vegan Food Sales Growth
4.4 APAC Vegan Food Sales Growth
4.5 Europe Vegan Food Sales Growth
4.6 Middle East & Africa Vegan Food Sales Growth
5 Americas
5.1 Americas Vegan Food Sales by Country
5.1.1 Americas Vegan Food Sales by Country (2018-2023)
5.1.2 Americas Vegan Food Revenue by Country (2018-2023)
5.2 Americas Vegan Food Sales by Type
5.3 Americas Vegan Food Sales by Channel
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Vegan Food Sales by Region
6.1.1 APAC Vegan Food Sales by Region (2018-2023)
6.1.2 APAC Vegan Food Revenue by Region (2018-2023)
6.2 APAC Vegan Food Sales by Type
6.3 APAC Vegan Food Sales by Channel
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Vegan Food by Country
7.1.1 Europe Vegan Food Sales by Country (2018-2023)
7.1.2 Europe Vegan Food Revenue by Country (2018-2023)
7.2 Europe Vegan Food Sales by Type
7.3 Europe Vegan Food Sales by Channel
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Vegan Food by Country
8.1.1 Middle East & Africa Vegan Food Sales by Country (2018-2023)
8.1.2 Middle East & Africa Vegan Food Revenue by Country (2018-2023)
8.2 Middle East & Africa Vegan Food Sales by Type
8.3 Middle East & Africa Vegan Food Sales by Channel
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Vegan Food
10.3 Manufacturing Process Analysis of Vegan Food
10.4 Industry Chain Structure of Vegan Food
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Vegan Food Distributors
11.3 Vegan Food Customer
12 World Forecast Review for Vegan Food by Geographic Region
12.1 Global Vegan Food Market Size Forecast by Region
12.1.1 Global Vegan Food Forecast by Region (2024-2029)
12.1.2 Global Vegan Food Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Vegan Food Forecast by Type
12.7 Global Vegan Food Forecast by Channel
13 Key Players Analysis
13.1 Beyond Meat
13.1.1 Beyond Meat Company Information
13.1.2 Beyond Meat Vegan Food Product Portfolios and Specifications
13.1.3 Beyond Meat Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Beyond Meat Main Business Overview
13.1.5 Beyond Meat Latest Developments
13.2 Impossible Foods
13.2.1 Impossible Foods Company Information
13.2.2 Impossible Foods Vegan Food Product Portfolios and Specifications
13.2.3 Impossible Foods Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Impossible Foods Main Business Overview
13.2.5 Impossible Foods Latest Developments
13.3 Maple Leaf Foods
13.3.1 Maple Leaf Foods Company Information
13.3.2 Maple Leaf Foods Vegan Food Product Portfolios and Specifications
13.3.3 Maple Leaf Foods Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Maple Leaf Foods Main Business Overview
13.3.5 Maple Leaf Foods Latest Developments
13.4 Kraft Heinz
13.4.1 Kraft Heinz Company Information
13.4.2 Kraft Heinz Vegan Food Product Portfolios and Specifications
13.4.3 Kraft Heinz Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Kraft Heinz Main Business Overview
13.4.5 Kraft Heinz Latest Developments
13.5 Conagra Brands
13.5.1 Conagra Brands Company Information
13.5.2 Conagra Brands Vegan Food Product Portfolios and Specifications
13.5.3 Conagra Brands Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Conagra Brands Main Business Overview
13.5.5 Conagra Brands Latest Developments
13.6 Kellogg Company
13.6.1 Kellogg Company Company Information
13.6.2 Kellogg Company Vegan Food Product Portfolios and Specifications
13.6.3 Kellogg Company Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Kellogg Company Main Business Overview
13.6.5 Kellogg Company Latest Developments
13.7 Turtle Island Foods
13.7.1 Turtle Island Foods Company Information
13.7.2 Turtle Island Foods Vegan Food Product Portfolios and Specifications
13.7.3 Turtle Island Foods Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Turtle Island Foods Main Business Overview
13.7.5 Turtle Island Foods Latest Developments
13.8 Tyson Foods Inc.
13.8.1 Tyson Foods Inc. Company Information
13.8.2 Tyson Foods Inc. Vegan Food Product Portfolios and Specifications
13.8.3 Tyson Foods Inc. Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Tyson Foods Inc. Main Business Overview
13.8.5 Tyson Foods Inc. Latest Developments
13.9 Else Nutrition
13.9.1 Else Nutrition Company Information
13.9.2 Else Nutrition Vegan Food Product Portfolios and Specifications
13.9.3 Else Nutrition Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Else Nutrition Main Business Overview
13.9.5 Else Nutrition Latest Developments
13.10 Forum II Merger Corporation
13.10.1 Forum II Merger Corporation Company Information
13.10.2 Forum II Merger Corporation Vegan Food Product Portfolios and Specifications
13.10.3 Forum II Merger Corporation Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Forum II Merger Corporation Main Business Overview
13.10.5 Forum II Merger Corporation Latest Developments
13.11 Burcon NutraScience
13.11.1 Burcon NutraScience Company Information
13.11.2 Burcon NutraScience Vegan Food Product Portfolios and Specifications
13.11.3 Burcon NutraScience Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 Burcon NutraScience Main Business Overview
13.11.5 Burcon NutraScience Latest Developments
13.12 Laird Superfood
13.12.1 Laird Superfood Company Information
13.12.2 Laird Superfood Vegan Food Product Portfolios and Specifications
13.12.3 Laird Superfood Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 Laird Superfood Main Business Overview
13.12.5 Laird Superfood Latest Developments
13.13 The Very Good Food Company
13.13.1 The Very Good Food Company Company Information
13.13.2 The Very Good Food Company Vegan Food Product Portfolios and Specifications
13.13.3 The Very Good Food Company Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.13.4 The Very Good Food Company Main Business Overview
13.13.5 The Very Good Food Company Latest Developments
13.14 Modern Meat
13.14.1 Modern Meat Company Information
13.14.2 Modern Meat Vegan Food Product Portfolios and Specifications
13.14.3 Modern Meat Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.14.4 Modern Meat Main Business Overview
13.14.5 Modern Meat Latest Developments
13.15 Ingredion Incorporated
13.15.1 Ingredion Incorporated Company Information
13.15.2 Ingredion Incorporated Vegan Food Product Portfolios and Specifications
13.15.3 Ingredion Incorporated Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.15.4 Ingredion Incorporated Main Business Overview
13.15.5 Ingredion Incorporated Latest Developments
13.16 Bunge
13.16.1 Bunge Company Information
13.16.2 Bunge Vegan Food Product Portfolios and Specifications
13.16.3 Bunge Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.16.4 Bunge Main Business Overview
13.16.5 Bunge Latest Developments
13.17 AAK
13.17.1 AAK Company Information
13.17.2 AAK Vegan Food Product Portfolios and Specifications
13.17.3 AAK Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.17.4 AAK Main Business Overview
13.17.5 AAK Latest Developments
13.18 Total Produce
13.18.1 Total Produce Company Information
13.18.2 Total Produce Vegan Food Product Portfolios and Specifications
13.18.3 Total Produce Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.18.4 Total Produce Main Business Overview
13.18.5 Total Produce Latest Developments
13.19 Archer Daniels Midland
13.19.1 Archer Daniels Midland Company Information
13.19.2 Archer Daniels Midland Vegan Food Product Portfolios and Specifications
13.19.3 Archer Daniels Midland Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.19.4 Archer Daniels Midland Main Business Overview
13.19.5 Archer Daniels Midland Latest Developments
13.20 Hain Celestial Group
13.20.1 Hain Celestial Group Company Information
13.20.2 Hain Celestial Group Vegan Food Product Portfolios and Specifications
13.20.3 Hain Celestial Group Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.20.4 Hain Celestial Group Main Business Overview
13.20.5 Hain Celestial Group Latest Developments
13.21 Unilever
13.21.1 Unilever Company Information
13.21.2 Unilever Vegan Food Product Portfolios and Specifications
13.21.3 Unilever Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.21.4 Unilever Main Business Overview
13.21.5 Unilever Latest Developments
13.22 Nestle
13.22.1 Nestle Company Information
13.22.2 Nestle Vegan Food Product Portfolios and Specifications
13.22.3 Nestle Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.22.4 Nestle Main Business Overview
13.22.5 Nestle Latest Developments
13.23 Growthwell Group
13.23.1 Growthwell Group Company Information
13.23.2 Growthwell Group Vegan Food Product Portfolios and Specifications
13.23.3 Growthwell Group Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.23.4 Growthwell Group Main Business Overview
13.23.5 Growthwell Group Latest Developments
13.24 Yantai Shuangta Food
13.24.1 Yantai Shuangta Food Company Information
13.24.2 Yantai Shuangta Food Vegan Food Product Portfolios and Specifications
13.24.3 Yantai Shuangta Food Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.24.4 Yantai Shuangta Food Main Business Overview
13.24.5 Yantai Shuangta Food Latest Developments
13.25 Jinzi Ham Co., Ltd.
13.25.1 Jinzi Ham Co., Ltd. Company Information
13.25.2 Jinzi Ham Co., Ltd. Vegan Food Product Portfolios and Specifications
13.25.3 Jinzi Ham Co., Ltd. Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.25.4 Jinzi Ham Co., Ltd. Main Business Overview
13.25.5 Jinzi Ham Co., Ltd. Latest Developments
13.26 Itoham Foods
13.26.1 Itoham Foods Company Information
13.26.2 Itoham Foods Vegan Food Product Portfolios and Specifications
13.26.3 Itoham Foods Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.26.4 Itoham Foods Main Business Overview
13.26.5 Itoham Foods Latest Developments
13.27 Fuji Oil Holdings
13.27.1 Fuji Oil Holdings Company Information
13.27.2 Fuji Oil Holdings Vegan Food Product Portfolios and Specifications
13.27.3 Fuji Oil Holdings Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.27.4 Fuji Oil Holdings Main Business Overview
13.27.5 Fuji Oil Holdings Latest Developments
13.28 NH Foods Group
13.28.1 NH Foods Group Company Information
13.28.2 NH Foods Group Vegan Food Product Portfolios and Specifications
13.28.3 NH Foods Group Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.28.4 NH Foods Group Main Business Overview
13.28.5 NH Foods Group Latest Developments
13.29 NR Instant Produce
13.29.1 NR Instant Produce Company Information
13.29.2 NR Instant Produce Vegan Food Product Portfolios and Specifications
13.29.3 NR Instant Produce Vegan Food Sales, Revenue, Price and Gross Margin (2018-2023)
13.29.4 NR Instant Produce Main Business Overview
13.29.5 NR Instant Produce Latest Developments
14 Research Findings and Conclusion