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Vegan Food Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027



“Global Vegan Food Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global vegan food market. Vegan food refers to food items that are derived from plant-based sources and consumed as a substitute to meat, meat-based and dairy products. It is produced using vegetarian ingredients, such as almonds, oats, soy, tofu, wheat, rice, and coconuts, and lacks animal-derived products, such as eggs, honey, milk, and gelatin. Vegan food is rich in antioxidants, potassium, folate, magnesium, fiber, protein, minerals, complex carbohydrates, and vitamins A, C, and E. It offers various health benefits, such as lowering cholesterol levels, managing type 2 diabetes, and reducing the risk of cancer, heart disease and other medical ailments. In recent years, vegan food has gained traction as it also helps in reducing the pain of arthritis, controlling A1C levels, boosting mood, promoting weight loss, and enhancing skin health.

One of the primary factors driving the market is the rising prevalence of chronic diseases. Additionally, the rising consciousness among individuals about animal health and cruelty against animals is creating a positive market outlook. Other than this, there is a boost in demand for vegan health and nutrition products to eliminate nutritional deficiencies, thereby positively influencing the market growth. Besides this, the availability of ready-to-eat (RTE) and packaged food products, in confluence with the extensive promotional activities by celebrities and athletes, is creating lucrative growth opportunities for the key players operating in the industry. In line with this, numerous non-government organizations (NGOs) are spreading awareness about the nutritional benefits offered by the adoption of an animal-free diet. Apart from these factors, market players are launching numerous premium-quality vegan food items in various flavors and attractive packaging solutions to expand their consumer base and enhance their product portfolio, consequently propelling the market growth. Furthermore, the rising popularity of the Veganuary Challenge and the growing penetration of social media, restaurants and fast-food outlets are launching vegan-friendly menus, thus strengthening the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the vegan food market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the vegan food market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the vegan food market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the vegan food industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the vegan food industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the vegan food industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the vegan food industry. Furthermore, the value chain analysis of the vegan food industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global vegan food Market 

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis
  • Market Breakup by Type
  • Market Breakup by End-Use
  • Market Breakup by Region
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • Key players         


The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the vegan food industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables. 

1 Introduction 
    1.1 Research Objectives 
    1.2 Stakeholders
    1.3 Scope of the Report
    1.4 Assumptions and Limitations
2. Research Methodology 
    2.1. Data Collection
       2.1.1 Primary Sources
       2.1.2 Secondary Sources
    2.2 Market Size Estimation
        2.2.1 Bottom-Up Approach
        2.2.2 Top-Down Approach
    2.3 Data Validation
3. Executive Summary
4. Global Vegan Food Market

     4.1 Industry Overview
     4.2 Key Industry Developments
     4.3 Market Trends
        4.3.1 Key Market Indicators
        4.3.2 Historical Market Trends
        4.3.3 Impact of COVID-19
        4.3.4 Market Forecast
     4.4 Price Analysis
        4.4.1 Key Price Indicators
        4.4.2 Pricing Structure
        4.4.3 Historical Price Trends
        4.4.4 Price Forecast
     4.5 Market Breakup By Region
     4.6 Market Breakup By Type
5. Global Vegan Food Market: Value Chain Analysis
     5.1 Overview
     5.2 Research and Development
     5.3 Raw Material Suppliers
     5.4 Inbound Logistics
     5.5 Production
     5.6 Marketing 
     5.7 Outbound Logistics
     5.8 Consumers
6. Global Vegan Food Market: SWOT Analysis
     6.1 Overview
     6.2 Strengths
     6.3 Weaknesses
     6.4 Opportunities
     6.5 Threats
7. Global Vegan Food Market: Porter’s Five Forces Analysis
     7.1 Overview
     7.2 Threat of New Entrants
     7.3 Threat of Substitutes
     7.4 Bargaining Power of Buyers
     7.5 Bargaining Power of Suppliers
     7.6 Intensity of Rivalry
8.  Competitive Landscape
     8.1 Market Structure
     8.2 Key Players 
     8.3 Key Success Factors 
9. Performance By Region
     9.1 North America
         9.1.1 Overview
         9.1.2 Market Trends
         9.1.3 Market Segmentation
         9.1.4 Market Forecast
     9.2 Europe
         9.2.1 Overview
         9.2.2 Market Trends
         9.2.3 Market Segmentation
         9.2.4 Market Forecast
     9.3 Asia Pacific 
        9.3.1 Overview
        9.3.2 Market Trends
        9.3.3 Market Segmentation
        9.3.4 Market Forecast
     9.4 Latin America
        9.4.1 Overview
        9.4.2 Market Trends
        9.4.3 Market Segmentation
        9.4.4 Market Forecast
     9.5 Middle East and Africa
        9.5.1 Overview
       9.5.2 Market Trends
       9.5.3 Market Segmentation
       9.5.4 Market Forecast
10 Key Player Profiles


List of Figures

    
Figure 1: Global: Vegan Food Market, 2016-2021
Figure 2: Global: Vegan Food Market Forecast, 2022-2027
Figure 3: Global: Vegan Food Market: Price Trends, 2016-2021
Figure 4: Global: Vegan Food Market Forecast: Price Trends, 2022-2027
Figure 5: Global: Vegan Food Market: Breakup by Region, 2021
Figure 6: Global: Vegan Food Market: Breakup by Type, 2021
Figure 7: Global: Vegan Food Industry: Value Chain Analysis
Figure 8: Global: Vegan Food Industry: SWOT Analysis
Figure 9: Global: Vegan Food Industry: Porter’s Five Forces Analysis
Figure 10: Global: Vegan Food Market: Breakup by Key Players, 2021
Figure 11: North America: Vegan Food Market, 2016-2021
Figure 12: North America: Vegan Food Market: Breakup by Segment, 2021
Figure 13: North America: Vegan Food Market Forecast, 2022-2027
Figure 14: Europe: Vegan Food Market, 2016-2021
Figure 15: Europe: Vegan Food Market: Breakup by Segment, 2021
Figure 16: Europe: Vegan Food Market Forecast, 2022-2027
Figure 17: Asia Pacific:Vegan Food Market, 2016-2021
Figure 18: Asia Pacific: Vegan Food Market: Breakup by Segment, 2021
Figure 19: Asia Pacific: Vegan Food Market Forecast, 2022-2027
Figure 20: Latin America: Vegan Food Market, 2016-2021
Figure 21: Latin America: Vegan Food Market: Breakup by Segment, 2021
Figure 22: Latin America: Vegan Food Market Forecast, 2022-2027
Figure 23: Middle East and Africa: Vegan Food Market, 2016-2021
Figure 24: Middle East and Africa: Vegan Food Market: Breakup by Segment, 2021
Figure 25: Middle East and Africa: Vegan Food Market Forecast, 2022-2027

List of Tables

Table 1: Global: Vegan Food Industry: Market Summary    
Table 2: Global: Vegan Food Industry: Market Overview, 2021 and 2027
Table 3: Global: Vegan Food Industry: Market Structure    
Table 4: Global: Vegan Food Market: Market by Region, 2022-2027

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