Vegan Food Market May See Big Move | Major Giants Tofurky, Lightlife Foods, Oatly
The latest study released on the Global Vegan Food Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Vegan Food market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
“According to HTF Market Intelligence, the Global Vegan Food market is expected to see a growth rate of 12.5% and may see market size of USD 32.5 Billion by 2029, currently pegged at USD 26.7 Billion.”
Definition:
The vegan food market encompasses a diverse range of food products and substitutes that are entirely plant-based and free from any animal-derived ingredients. These products are designed to mimic the taste, texture, and nutritional profile of traditional animal-based foods while adhering to the principles of veganism. The market includes both natural, unprocessed foods like fruits, vegetables, grains, and legumes, as well as processed and packaged vegan alternatives such as plant-based meat, dairy-free milk, vegan cheese, tofu, and a variety of vegan snacks and desserts. The vegan food market refers to the sector of the food industry that focuses on the production, distribution, and sale of plant-based food products that do not contain any animal-derived ingredients or by-products. This market caters to individuals who follow a vegan lifestyle, which involves abstaining from the consumption of meat, dairy, eggs, and other animal-derived products for ethical, environmental, health, or personal reasons.
Major Highlights of the Vegan Food Market report released by HTF MI
Global Vegan Food Market Breakdown by Type (Plant-Based Meat Alternatives, Plant-Based Dairy Alternatives, Plant-Based Bakery and Confectionery, Plant-Based Ready-to-Eat Meals, Plant-Based Beverages, Plant-Based Snacks and Desserts) by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail) by End User (Retail Consumers, Food Service Providers, Food Manufacturers) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Vegan Food market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.