Global Vegan Food Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Vegan Food Market Report by The Business Research Company covers vegan food market drivers and restraints, vegan food market size, major players, and the impact of COVID-19 on the vegan food market.
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. The demand for animal meat requires excess practice of animal farming.
The global vegan food market is expected grow from $14.44 billion in 2020 to $15.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.27 billion in 2025 at a CAGR of 9%.
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Some vegan food market trends include the production of meat through cell-based technology. The cell-by-cell identical meat is produced in factories without involving the killing of animals. Production of cell -based meat involves feeding the animal cells with nutrients and proteins thus, eliminating the need for dependence on animals for meat.
Global vegan food market segments include:
1) By Product Substitute: Dairy Alternative, Meat Substitute, Others.
2) By Distribution Channel: Online, Offline.
3) By Source: Wheat, Soy, Oats, Almond, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Vegan Food Global Market Report 2021: COVID 19 Growth And Change to 2030 At:
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The Vegan Food Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides vegan food market overviews, analyzes and forecasts market size, share, vegan food market players, vegan food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The vegan food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Vegan Food Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Amy’s Kitchen, VITASOY International Holdings Ltd., Beyond Meat, Tofutti Brands, Plamil Foods Ltd., Danone S.A., Vbites Foods Ltd., Eden Foods Inc., Whitewave Foods Company Inc, Sun Opta Inc., Pascual Group, Bhlue Diamond Growers, Archer Daniel Midland Company, Earth’s Own Food Company Inc, Panos Brand LLC., Bhlue Diamond Growers, Hain Celestial Group Inc., Organic Vallet Corporative, Living Harvest Food Inc., Morningstar Farms, MGP Ingridents Inc., Sonic Biochem Extractions Limited, ADM, Duopont, The Nisshin Oillio Group, Schouten Europe, Memphis Meats, Alpha Foods, Corbion Biotech Inc., Famleigh Inc., Alpro.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Vegan Food Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Vegan Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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