Press release
Vegan Market Industry Size Analysis, Trends and Segments Forecast to 2023
The Business Research Company
The global vegan market is expected to grow from $14.80 billion in 2019 and to $15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $20 billion in 2023 at CAGR of 9.79%.
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The vegan market consists of the sale of vegan products and related services for consumption purposes. Vegan products include food and beverages produced without the use of animal ingredients or animal-derived ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, plant protein-based tofu and plant protein-based meat.
An increase in the concern about the environment among the population is driving the growth of the vegan market. Rearing and breeding of livestock such as pigs, hens, cows, goats in farms contributes to the greenhouse effect. Greenhouse gases are released from agriculture of livestock such as cows and the gases released block the atmospheric heat from escaping which increases the overall temperature.
Vegan Market Segmentation: -
By Product Substitute
1. Dairy Alternative
2. Meat Substitute
3. Others
By Distribution Channel
1. Online
2. Offline
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Few Points From Table Of Content
1. Executive Summary
2. Vegan Market Characteristics
3. Vegan Market Size And Growth
4. Vegan Market Segmentation
5. Vegan Market Regional And Country Analysis
......
25. Vegan Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Vegan Market Market
27. Vegan Market Trends And Strategies
28. Vegan Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the vegan market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the vegan market are Amy`s Kitchen; VITASOY International Holdings Ltd.; Beyond Meat; Tofutti Brands; Plamil Foods Ltd.; Danone S.A.; Vbites Foods Ltd.; Eden Foods Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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