Vegan Foods
Description
Vegan foods are foods that do not contain any animal-derived ingredients, including meat, dairy, eggs, and any other products made with animals. Vegan foods are completely plant-based and are eaten by individuals who follow a vegan diet, generally for ethical, environmental, or health reasons. Vegan foods include fruit, vegetables, grains, legumes, nuts, seeds, anything made with plants as substitutes for animal-derived foods, consumed in the form of milk alternatives, meat substitutes, and dairy-free desserts. As increased awareness regarding animal welfare and sustainability increases, vegan foods are beginning to grow in popularity around the globe. Vegan foods are readily available in supermarkets, restaurants, and specialty stores. There is now an abundance of options and variety for individuals who are looking for plant-based foods.
The Vegan Foods market is set to show a growth rate of about 8.39% during the forecast period (2025-2033F). The global vegan food market is accelerating rapidly due to the growing consciousness of consumers about the health benefits, environmental sustainability issues, and animal welfare issues associated with vegan food. In addition, the recent emphasis on clean-label products has influenced consumers in their growing interest in knowing what they are consuming. Notably, innovations in food technology, including precision fermentation and 3D printing, are enabling more plant-based foods to mimic the taste and texture of animal products. For example, on May 6, 2024, Impossible Foods kicked off its major marketing campaign featuring a new brand rebranded to concentrate on its products and added to its line, with items like chicken tenders and hot dogs. Further, on March 6, 2024, Oscar Mayer collaborated with The NotCo company via Kraft Heinz to create and sell plant-based hot dogs and sausages to appeal to vegan and flexitarian consumers.
The Vegan Foods market is set to show a growth rate of about 8.39% during the forecast period (2025-2033F). The global vegan food market is accelerating rapidly due to the growing consciousness of consumers about the health benefits, environmental sustainability issues, and animal welfare issues associated with vegan food. In addition, the recent emphasis on clean-label products has influenced consumers in their growing interest in knowing what they are consuming. Notably, innovations in food technology, including precision fermentation and 3D printing, are enabling more plant-based foods to mimic the taste and texture of animal products. For example, on May 6, 2024, Impossible Foods kicked off its major marketing campaign featuring a new brand rebranded to concentrate on its products and added to its line, with items like chicken tenders and hot dogs. Further, on March 6, 2024, Oscar Mayer collaborated with The NotCo company via Kraft Heinz to create and sell plant-based hot dogs and sausages to appeal to vegan and flexitarian consumers.
- Based on Product Type, the market is bifurcated into dairy alternative, meat substitute, and others, with the dairy alternative vegan foods segment dominating in 2024. The vegan dairy alternatives market is rapidly diversifying beyond milk substitutes, spanning plant-based milks (oat, almond, soy, pea), yogurts, cheeses, butters, creamers, and ice creams. Further, companies are doing innovation and expanding to new bases like pistachio, cashew, walnut, sunflower, and peas, which are often marketed for clean label transparency, higher protein, functional fortification, and unique flavor profiles. Further meat substitutes are rubbery in taste and are made from jackfruit, banana peels, etc. Other categories include the alternatives of eggs, honey, seafood, etc. Companies are doing cutting-edge development by adopting precision fermentation and cellular agriculture. Hence, continued expansion in premium flavor variants, fortified functional offerings, upscale plant-based cheeses, global M&A consolidation, and a steady shift toward hybrid and bio engineered are anticipated to increase the growth of the dairy alternative vegan foods.
- Based on the Source, the market is segmented into almond, soy, oats, wheat, and others. Almond held a significant share in the vegan foods industry in the year 2024. Almonds appeal to the widespread lactose intolerance, growing vegan and flexitarian demographics, and the perception of healthier, low-calorie, cholesterol-free nutrition enhanced by vitamin E and omega-rich fortification. As almonds are easily available worldwide, companies prefer to use them as the raw ingredients, which is further accompanied by the consumers’ willingness to pay any price for their health. Other sources include soy, oats, wheat, peas, coconut, flax seeds, chia seeds, etc. Further product innovations, organic, non-GMO variants, fortified versions with calcium, vitamins, and proteins, are anticipated to grow this almond Vegan food market.
- Based on distribution channel, the market is segmented into offline and online, with the offline segment holding a major share in the vegan food industry in the year 2024. Sales of vegan foods worldwide still mainly go through offline distribution channels, especially through supermarkets, hypermarkets, convenience stores, and specialty outlets. These stores are now instrumental for providing the convenience of consumer access, while providing customers with the ability to examine package and nutritional labels personally-one-stop shopping convenience. Having vegan-specific sections in big grocery retailers-even an entire aisle of plant-based products-would just add to visibility and impromptu purchases. The physical retail network, with its support at broad reach, brand shelf-space, and experiential shopping, will be the backbone of vegan food distribution worldwide.
- For a better understanding of the market adoption of Vegan Foods, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. The North American region has a plethora of developed countries, of which the United States and Canada are some of the leaders. Due to an increased number of consumers interested in sustainability, animal welfare, and their overall well-being, this growth of awareness is driving the consumption of plant-based products in all product categories, predominantly meat, cheese, and snacks. For example, on June 10, 2025, Impossible Foods decided to move towards flexitarian consumers who consume meat infrequently by expanding the number of products by bringing on items such as chicken tenders and hot dogs. The company was strategically pivoting to a market of approximately 100 million Americans who identify as flexitarians. Further, on January 11, 2024, Plant-based burger chain Next Level Burger purchased vegan restaurant group Veggie Grill from VegInvest, an investment fund that had rescued Veggie Grill from almost bankruptcy the previous year. VegInvest will now become a shareholder and partner with Next Level Burger.
- Some major players running in the market include Amy's Kitchen, Danone S.A., Daiya Foods Inc., Beyond Meat, Tofutti Brands Inc., Plamil Foods Ltd, VBites Foods Limited, Eden Foods Inc., VITASOY International Holdings Limited, and SunOpta Inc.
Table of Contents
138 Pages
- 1 Market Introduction
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
- 2 Research Methodology or Assumptions
- 2.1. Research Process of the Global Vegan Foods Market
- 2.2. Research Methodology of the Global Vegan Foods Market
- 2.3. Respondent Profile
- 3 Executive Summary
- 3.1. Industry Synopsis
- 3.2. Segmental Outlook
- 3.2.1. Market Growth Intensity
- 3.3. Regional Outlook
- 4 Market Dynamics
- 4.1. Drivers
- 4.2. Opportunity
- 4.3. Restraints
- 4.4. Trends
- 4.5. PESTEL Analysis
- 4.6. Demand Side Analysis
- 4.7. Supply Side Analysis
- 4.7.1. Merger & Acquisition
- 4.7.2. Collaboration & Investment and Scenario
- 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies
- 5 Pricing Analysis
- 5.1. Regional Pricing Analysis
- 5.2. Price Influencing Factors
- 6 Global Vegan Foods Market Revenue (USD Mn), 2023-2033F
- 7 Market Insights by Product Type
- 7.1. Dairy Alternative
- 7.2. Meat Substitute
- 7.3. Others
- 8 Market Insights by Source
- 8.1. Almond
- 8.2. Soy
- 8.3. Oats
- 8.4. Wheat
- 8.5. Others
- 9 Market Insights by Distribution Channel
- 9.1. Offline
- 9.2. Online
- 10 Market Insights by Region
- 10.1. North America
- 10.1.1. U.S.
- 10.1.2. Canada
- 10.1.3. Rest of North America
- 10.2. Europe
- 10.2.1. Germany
- 10.2.2. France
- 10.2.3. U.K.
- 10.2.4. Italy
- 10.2.5. Spain
- 10.2.6. Rest of Europe
- 10.3. Asia-Pacific
- 10.3.1. China
- 10.3.2. Japan
- 10.3.3. India
- 10.3.4. South Korea
- 10.3.5. Rest of Asia-Pacific
- 10.4. Rest of World
- 11 Value Chain Analysis
- 11.1. Marginal Analysis
- 11.2. List of Market Participants
- 12 Competitive Landscape
- 12.1. Competition Dashboard
- 12.2. Competitor Market Positioning Analysis
- 12.3. Porter Five Forces Analysis
- 13 Company Profiled
- 13.1. Amy's Kitchen
- 13.1.1. Company Overview
- 13.1.2. Key Financials
- 13.1.3. SWOT Analysis
- 13.1.4. Product Portfolio
- 13.1.5. Recent Developments
- 13.2. Danone S.A
- 13.3. Daiya Foods Inc.
- 13.4. Beyond Meat
- 13.5. Tofutti Brands Inc.
- 13.6. Plamil Foods Ltd
- 13.7. VBites Foods Limited
- 13.8. Eden Foods Inc.
- 13.9. VITASOY International Holdings Limited
- 13.10. SunOpta Inc.
- 14 Acronyms & Assumption
- 15 Annexure
Pricing
Currency Rates
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