Vegan Food Market Size to Grow by USD 21.46 billion with 40% of the contribution from North America – Technavio

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NEW YORK, Aug. 19, 2022 /PRNewswire/ — The vegan food market is set to grow by USD 21.46 billion between 2021 and 2026, according to the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 12.25%. Technavio categorizes the global vegan food market as a part of the global packaged food and meat market. Our report provides extensive information on the value chain analysis for the vegan food market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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• The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
• Amys Kitchen Inc., Bega Cheese Ltd., Beyond Meat Inc., Blue Diamond Growers, Danone SA, Earths Own Food Co. Inc., Eden Foods Inc., First Grade International, Fresh Start, Living Harvest Foods, Maple Leaf Foods Inc., Organic Valley, Otsuka Holdings Co. Ltd., PANOS Brands LLC, Ripple Foods PBC, Saputo Inc., SunOpta Inc., The Hain Celestial Group Inc., Tofutti Brands Inc., and VBites Foods Ltd. are some of the major market participants.
• To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
• The vegan food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
• Backed with competitive intelligence and benchmarking, our research reports on the vegan food market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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• Product
• Dairy Alternative: The vegan food market share growth in the dairy alternative segment will be significant during the forecast period. The rising demand for dairy alternatives products is due to the increasing vegan population and awareness regarding lactose intolerance. The major growth factor for the dairy alternative segment in the global vegan food market is due to the increasing consumption of plant-based dairy products. Thus, an increase in demand for a dairy alternative will boost the vegan food market growth during the forecast period.
• Meat Alternative
• Others
• Geography
• North America: 40% of the market’s growth will originate from North America during the forecast period. The US is the key market for the vegan food market in North America. Market growth in this region will be faster than the growth of the market in Europe. Rising disposable incomes will facilitate the vegan food market growth in North America over the forecast period. 
• Europe
• APAC
• South America
• Middle East And Africa

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The report also covers the following areas:

• Vegan Food Market size
• Vegan Food Market trends
• Vegan Food Market industry analysis

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist vegan food market growth during the next five years
• Estimation of the vegan food market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the vegan food market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vegan food market vendors

Related Reports:

Vegan Supplements Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

Vegan Ice Cream Market by Product and Geography – Forecast and Analysis 2020-2024

Table of Content

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product – Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Dairy alternative – Market size and forecast 2021-2026
• Exhibit 28: Chart on Dairy alternative – Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Dairy alternative – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Dairy alternative – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Dairy alternative – Year-over-year growth 2021-2026 (%)

• 5.4 Meat alternative – Market size and forecast 2021-2026
• Exhibit 32: Chart on Meat alternative – Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Meat alternative – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Meat alternative – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Meat alternative – Year-over-year growth 2021-2026 (%)

• 5.5 Others – Market size and forecast 2021-2026
• Exhibit 36: Chart on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product
• Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America – Market size and forecast 2021-2026
• Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 APAC – Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 US – Market size and forecast 2021-2026
• Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.9 China – Market size and forecast 2021-2026
• Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.10 Germany – Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.11 UK – Market size and forecast 2021-2026
• Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 7.12 Japan – Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Bega Cheese Ltd.
• Exhibit 93: Bega Cheese Ltd. – Overview
• Exhibit 94: Bega Cheese Ltd. – Business segments
• Exhibit 95: Bega Cheese Ltd. – Key offerings
• Exhibit 96: Bega Cheese Ltd. – Segment focus

• 10.4 Beyond Meat Inc.
• Exhibit 97: Beyond Meat Inc. – Overview
• Exhibit 98: Beyond Meat Inc. – Product / Service
• Exhibit 99: Beyond Meat Inc. – Key offerings

• 10.5 Danone SA
• Exhibit 100: Danone SA – Overview
• Exhibit 101: Danone SA – Business segments
• Exhibit 102: Danone SA – Key news
• Exhibit 103: Danone SA – Key offerings
• Exhibit 104: Danone SA – Segment focus

• 10.6 Earths Own Food Co. Inc.
• Exhibit 105: Earths Own Food Co. Inc. – Overview
• Exhibit 106: Earths Own Food Co. Inc. – Product / Service
• Exhibit 107: Earths Own Food Co. Inc. – Key offerings

• 10.7 Eden Foods Inc.
• Exhibit 108: Eden Foods Inc. – Overview
• Exhibit 109: Eden Foods Inc. – Product / Service
• Exhibit 110: Eden Foods Inc. – Key offerings

• 10.8 Ripple Foods PBC
• Exhibit 111: Ripple Foods PBC – Overview
• Exhibit 112: Ripple Foods PBC – Product / Service
• Exhibit 113: Ripple Foods PBC – Key offerings

• 10.9 SunOpta Inc.
• Exhibit 114: SunOpta Inc. – Overview
• Exhibit 115: SunOpta Inc. – Business segments
• Exhibit 116: SunOpta Inc. – Key offerings
• Exhibit 117: SunOpta Inc. – Segment focus

• 10.10 The Hain Celestial Group Inc.
• Exhibit 118: The Hain Celestial Group Inc. – Overview
• Exhibit 119: The Hain Celestial Group Inc. – Business segments
• Exhibit 120: The Hain Celestial Group Inc. – Key news
• Exhibit 121: The Hain Celestial Group Inc. – Key offerings
• Exhibit 122: The Hain Celestial Group Inc. – Segment focus

• 10.11 Tofutti Brands Inc.
• Exhibit 123: Tofutti Brands Inc. – Overview
• Exhibit 124: Tofutti Brands Inc. – Product / Service
• Exhibit 125: Tofutti Brands Inc. – Key offerings

• 10.12 VBites Foods Ltd.
• Exhibit 126: VBites Foods Ltd. – Overview
• Exhibit 127: VBites Foods Ltd. – Product / Service
• Exhibit 128: VBites Foods Ltd. – Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations
• Exhibit 135: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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