Europe Vegan Food Market Size, Growth Analysis and Industry Report 2023-2028

How Big Is the Europe Vegan Food Market?

The Europe vegan food market is projected to exhibit a growth rate (CAGR) of 10.12% during 2023-2028. The convergence of ethical, environmental, health, and societal factors. As more individuals recognize the potential benefits of adopting a plant-based diet, the demand for innovative vegan products continues to surge. represent some of the key factors driving the market.

What is Vegan Food?

Vegan food refers to a category of food and dietary choices that entirely exclude any ingredients derived from animals or their byproducts. It consists of plant-based ingredients, including fruits, vegetables, beans, lentils, rice, wheat, oats, nuts, seeds, and plant-based alternatives to traditional animal products. It includes almond milk, soy milk, and oat milk, along with tofu, tempeh, seitan, and various meat substitutes made from ingredients like soy, mushrooms, or vegetables. It has low quantities of saturated fat and cholesterol, which can lower the issues of heart complications. Furthermore, as vegan food helps to mitigate deforestation, water pollution, and greenhouse gas emissions, its demand is rising in Europe.

Europe Vegan Food Market Trends and Drivers:

At present, the increasing adoption of vegan lifestyle as it aligns with ethical principles that oppose the exploitation and suffering of animals represents one of the crucial factors impelling the growth of the market in Europe. Besides this, the rising awareness about the health complications that arise from consuming animal meat and dairy, such as heart disease, obesity, and certain types of cancer, is propelling the market growth. In addition, the growing initiatives taken by social media influencers to promote veganism on various social media platforms are offering a favorable market outlook in the region. Apart from this, rising innovations in food science and technology leading to the development of plant-based alternatives that copy the taste and texture of traditional animal-based products are strengthening the growth of the market. Additionally, the increasing availability of various types of vegan products in supermarkets, hypermarkets, and e-commerce stores is supporting the growth of the market in Europe.

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What Is Included in Market Segmentation?

The report has segmented the market into the following categories:

Product Insights:
Dairy alternatives
Cheese
Desserts
Snacks
Others
Meat substitutes
Tofu
Texturized vegetable protein (TVP)
Seiten
Quorn
Others
Others

Source Insights:
Almond
Soy
Oats
Wheat
Others

Distribution Channel Insights:
Supermarkets and Hypermarkets
Convenience stores
Specialty stores
Online stores
Others
Country Insights:

Germany
France
United Kingdom
Italy
Spain
Others

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