Vegan Food Market size was valued at USD 22.2 billion in 2023 & is estimated to reach Grow 10.5% CAGR by 2030 | Daiya Foods, Inc., Eden Foods, Inc., Impossible Foods

The Vegan Food Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the Vegan Food Industry?

The Global Vegan Food Market size reached USD 22.2 Billion in 2023. Looking forward, it is expected to rise at a CAGR of around 10.5% during the forecast period 2024-2030.

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Vegan Food Market Trend:

Rising Corporate Appeal & Investments – The market for vegan food has become a key point for investments due to the altering consumer preferences for sustainable & healthier diets. This trend is instigated by the wave of venture capital, strategic investments, and private equity between various established food industries, that are promoting vegan diets. Besides, identifying the wide potential of plant-based products, leading vegan food companies are expanding their portfolios, investing in R&D, and forming strategic alliances to secure market dominance in this growing food sector. Moreover, the growing valuation of vegan food companies along with public and initial public offerings (IPOs), underscores the attractiveness of the Vegan Food Industry to investors focussing to capitalize on its growth potential.

Breaking Down the Vegan Food Market Segmentation:

• By Product Type (Dairy Products, Meat Substitutes)
• By Distribution Channel (Online, Offline [Convenience Stores, Specialty Stores, Supermarkets/Hypermarkets])

Based on the Distribution Channel: Offline segment is predicted to capture the highest revenue share of the Vegan Food Market. Under the offline segment hypermarkets & supermarkets lead the market share due to the high availability of vegan products with clean labels.

Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

• Share of each region segment in the Market
• Potential growth opportunities in the region
• The growth rate of the region in the Industry

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Competitor Breakdown: Top Vegan Food Market Player 2024-2030

• Amy’s Kitchen
• Archer Daniels Midland Company
• Beyond Meat
• Conagra, Inc.
• Danone S.A.
• Daiya Foods, Inc.
• Eden Foods, Inc.
• Impossible Foods Inc.
• Kellogg Company
• Tofutti Brands
• The Hain Celestial Group, Inc.
• VBites Foods Ltd
• Others

Key Questions Answered in the Vegan Food Market Report are:

• What is Vegan Food?
• What will be the Vegan Food market size by 2030?
• What is the growth rate of the Vegan Food Market?
• Which are the factors expected to drive the Vegan Food market growth?
• What are the different segments of the Vegan Food Market?
• What growth strategies are the players considering to increase their presence in Vegan Food?
• What are the upcoming industry applications and trends for the Vegan Food Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Vegan Food Market?
• What segments are covered in the Vegan Food Market?
• Who are the leading companies and what are their portfolios in Vegan Food Market?

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