Vegan Food Market Analysis and Forecast to 2032: By Product Type (Dairy Alternative, Meat Substitute, Others), Distribution Channel (Hypermarkets & Supermarkets, Restaurants, Convenience Stores, Quick Service Outlets, Online), and Region

Vegan Food Market report from Global Insight Services is the single authoritative source of intelligence on the Vegan Food market. The report provides analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report includes qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Report Coverage
Report Attribute Details
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredProduct Type, Distribution Channel
Key CompaniesBeyond Meat, Impossible Foods, Tofurky, Field Roast, Follow Your Heart, Daiya, Gardein, So Delicious Dairy Free, Earth Balance, Veganaise
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends

The vegan food market is growing rapidly as more and more people are adopting a vegan lifestyle. The following are some of the key trends in the vegan food market:

  • Increased demand for plant-based meat: There is a growing demand for plant-based meat products as consumers are looking for healthier and more sustainable options.
  • More vegan products in supermarkets: Supermarkets are starting to stock more vegan products in response to the growing demand.
  • Rise of vegan restaurants: There is a rise in the number of vegan restaurants as consumers are seeking out more dining options that cater to their lifestyle.
  • Growth of the vegan food industry: The vegan food industry is growing rapidly as more companies are entering the market to meet the increasing demand.
  • Increased awareness of the benefits of a vegan diet: There is a growing awareness of the health and environmental benefits of a vegan diet, which is driving more people to adopt this lifestyle.
Key Drivers

Some of the key drivers of the vegan food market are the health benefits of veganism, the environmental benefits of veganism, and the ethical benefits of veganism.

  • The health benefits of veganism are numerous. A vegan diet is typically high in fiber and low in saturated fat, which can lead to a lower risk of heart disease, obesity, and type 2 diabetes. Veganism has also been linked to a lower risk of some types of cancer, such as ovarian and breast cancer.
  • The environmental benefits of veganism are also significant. Animal agriculture is a leading cause of greenhouse gas emissions, water pollution, and land degradation. By choosing vegan foods, we can help to reduce the negative environmental impact of our diets.
  • The ethical benefits of veganism are also important to many people. Animal agriculture is responsible for immense animal suffering. By choosing vegan foods, we can help to reduce the amount of animal suffering in the world.
Restraints & Challenges

The key challenges in the vegan food market are:

  • Lack of awareness: There is lack of awareness about veganism and vegan food options among the general population. This makes it difficult for vegan food businesses to reach out to potential customers and create a market for their products.
  • Limited product range: The range of vegan food products available in the market is limited as compared to non-vegan food products. This limits the choices for vegan consumers and makes it difficult for them to find vegan food products that suit their taste and preferences.
  • High price point: Vegan food products are generally priced higher than their non-vegan counterparts due to the higher cost of ingredients and production. This makes vegan food less affordable for many consumers, which limits the growth of the vegan food market.
Market Segments

The vegan food market can be segmented by product type, distribution channel, and region. By product type, the market can be divided into dairy alternative, meat substitute, and others. By distribution channel, the market can be divided into hypermarkets & supermarkets, restaurants, convenience stores, quick service outlets, and online. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Vegan Food outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Vegan Food  Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Vegan Food industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of Vegan Food along with the current trends and future estimations to depict imminent investment pockets. The overall Vegan Food industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of Vegan Food are also analyzed.

Why GIS?

Table of Contents

Chapter 1. Vegan Food Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Product Type
3.3. Market Attractiveness Analysis, by Distribution Channel

Chapter 4. Vegan Food Market Outlook
4.1. Vegan Food Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Vegan Food Market
4.7. Impact of the Russia and Ukraine War on the Vegan Food Market
4.8. Case Study Analysis
4.9. Pricing Analysis

Chapter 5. Vegan Food Market by Distribution Channel
5.1. Market Overview
5.2. Hypermarkets & Supermarkets
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Restaurants
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4. Convenience Stores
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size and Forecast, by Region
5.5. Food Service Outlets
5.5.1. Key Market Trends & Opportunity Analysis
5.5.2. Market Size and Forecast, by Region
5.6. Online
5.6.1. Key Market Trends & Opportunity Analysis
5.6.2. Market Size and Forecast, by Region

Chapter 6. Vegan Food Market by Product Type
6.1. Market Overview
6.2. Dairy Alternative
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Meat Substitute
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region
6.4. Others
6.4.1. Key Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, by Region

Chapter 7. Vegan Food Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Vegan Food Market Size and Forecast by Distribution Channel
7.2.3. North America Vegan Food Market Size and Forecast by Product Type
7.2.4. North America Vegan Food Market Size and Forecast by Country
7.2.5. The U.S.
7.2.5.1. U.S. Vegan Food Market Size and Forecast by Distribution Channel
7.2.5.2. U.S. Vegan Food Market Size and Forecast by Product Type
7.2.6. Canada
7.2.6.1. Canada Vegan Food Market Size and Forecast by Distribution Channel
7.2.6.2. Canada Vegan Food Market Size and Forecast by Product Type
7.2.7. Mexico
7.2.7.1. Mexico Vegan Food Market Size and Forecast by Distribution Channel
7.2.7.2. Mexico Vegan Food Market Size and Forecast by Product Type
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Vegan Food Market Size and Forecast by Distribution Channel
7.3.3. Europe Vegan Food Market Size and Forecast by Product Type
7.3.4. Europe Vegan Food Market Size and Forecast by Country
7.3.5. Germany
7.3.5.1. Germany Vegan Food Market Size and Forecast by Distribution Channel
7.3.5.2. Germany Vegan Food Market Size and Forecast by Product Type
7.3.6. France
7.3.6.1. France Vegan Food Market Size and Forecast by Distribution Channel
7.3.6.2. France Vegan Food Market Size and Forecast by Product Type
7.3.7. U.K.
7.3.7.1. U.K. Vegan Food Market Size and Forecast by Distribution Channel
7.3.7.2. U.K. Vegan Food Market Size and Forecast by Product Type
7.3.8. Spain
7.3.8.1. Spain Vegan Food Market Size and Forecast by Distribution Channel
7.3.8.2. Spain Vegan Food Market Size and Forecast by Product Type
7.3.9. Italy
7.3.9.1. Italy Vegan Food Market Size and Forecast by Distribution Channel
7.3.9.2. Italy Vegan Food Market Size and Forecast by Product Type
7.3.10. Russia
7.3.10.1. Russia Vegan Food Market Size and Forecast by Distribution Channel
7.3.10.2. Russia Vegan Food Market Size and Forecast by Product Type
7.3.11. Rest of Europe
7.3.11.1. Rest of Europe Vegan Food Market Size and Forecast by Distribution Channel
7.3.11.2. Rest of Europe Vegan Food Market Size and Forecast by Product Type
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Vegan Food Market Size and Forecast by Country
7.4.3. Asia-Pacific Vegan Food Market Size and Forecast by Distribution Channel
7.4.4. Asia-Pacific Vegan Food Market Size and Forecast by Product Type
7.4.5. China
7.4.5.1. China Vegan Food Market Size and Forecast by Distribution Channel
7.4.5.2. China Vegan Food Market Size and Forecast by Product Type
7.4.6. India
7.4.6.1. India Vegan Food Market Size and Forecast by Distribution Channel
7.4.6.2. India Vegan Food Market Size and Forecast by Product Type
7.4.7. Japan
7.4.7.1. Japan Vegan Food Market Size and Forecast by Distribution Channel
7.4.7.2. Japan Vegan Food Market Size and Forecast by Product Type
7.4.8. South Korea
7.4.8.1. South Korea Vegan Food Market Size and Forecast by Distribution Channel
7.4.8.2. South Korea Vegan Food Market Size and Forecast by Product Type
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Vegan Food Market Size and Forecast by Distribution Channel
7.4.9.2. Rest of APAC Vegan Food Market Size and Forecast by Product Type
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Vegan Food Market Size and Forecast by Distribution Channel
7.5.3. Rest of the World Vegan Food Market Size and Forecast by Product Type
7.5.4. Rest of the World Vegan Food Market Size and Forecast by Country
7.5.5. Latin America
7.5.5.1. Latin America Vegan Food Market Size and Forecast by Distribution Channel
7.5.5.2. Latin America Vegan Food Market Size and Forecast by Product Type
7.5.6. Middle East
7.5.6.1. Middle East Vegan Food Market Size and Forecast by Distribution Channel
7.5.6.2. Middle East Vegan Food Market Size and Forecast by Product Type
7.5.7. Africa
7.5.7.1. Africa Vegan Food Market Size and Forecast by Distribution Channel
7.5.7.2. Africa Vegan Food Market Size and Forecast by Product Type

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Beyond Meat(US)
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product offerings
9.1.4. Key Strategic Initiatives
9.1.5. Swot Analysis
9.2. Impossible Foods(US)
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. Swot Analysis
9.3. Tofurky(US)
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. Swot Analysis
9.4. Field Roast(US)
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. Swot Analysis
9.5. Follow Your Heart(US)
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. Swot Analysis
9.6. Daiya(CN)
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. Swot Analysis
9.7. Gardein(CN)
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. Swot Analysis
9.8. So Delicious Dairy-Free (US)
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. Swot Analysis
9.9. Earth Balance(US)
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. Swot Analysis
9.10. Sir Kensington’s(US)
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. Swot Analysis

*the List of Company Is Subject To Change During the Final Compilation of the Report
Market Segments

By Product Type

  • Dairy Alternative
  • Meat Substitute
  • Others

By Distribution Channel

  • Hypermarkets & Supermarkets
  • Restaurants
  • Convenience Stores
  • Quick Service Outlets
  • Online

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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