DUBLIN– (BUSINESS WIRE) – The report “Global Vegan Food Market Report 2021: COVID-19 Growth and Shift through 2030” has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers, and top management with the critical information they need to assess the global vegan market.
This report focuses on the vegan market that is experiencing strong growth. The report offers a guide to the vegan market that will shape and change our lives for the next ten years and beyond, including the market’s response to the challenge of the global pandemic.
The global vegan food market is expected to 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 primarily due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which had previously led to restrictive social distancing containment measures, remote work and business closures. which resulted in operational challenges. The market is expected to reach $ 22.27 billion in 2025 at a CAGR of 9%.
Mentioned companies
- Amy’s Kitchen
- VITASOY International Holdings Ltd.
- Beyond the meat
- Brands Tofutti
- Plamil Foods Ltd.
- Danone SA
- Vbites Foods Ltd.
- Eden Foods Inc.
- Whitewave Foods Company Inc
- Sun Opta Inc.
- Pascual Group
- Bhlue diamond producers
- Archer Daniel Midland Company
- Earth’s Own Food Company Inc
- Panos Brand LLC.
- Producers Blue Diamond
- Hain Celestial Group Inc.
- Vallet Organic Corporate
- Living Harvest Food Inc.
- Morningstar Farms
- MGP Ingredients Inc.
- Sonic Biochem Extractions Limited
- ADM
- DuPont
- The Nisshin Oillio Group
- Schouten Europe
- Memphis steaks
- Alpha foods
- Corbion Biotech Inc.
- Famleigh Inc.
- Alpro
Reasons to buy
- Get a truly global perspective with the most comprehensive report available on this market covering more than 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus subsides.
- Create regional and national strategies based on local data and analysis.
- Identify growth segments for investment.
- Outperform the competition using forecast data and the market-shaping drivers and trends.
- Understand customers based on the latest market research results.
- Compare performance with key competitors.
- Use relationships between key data sets for superior strategy.
- Suitable to support your internal and external presentations with high-quality, reliable data and analytics
- The report will be updated with the most recent data and will be delivered to you within 3-5 business days after the order is placed.
The vegan market consists of the sale of vegan products and related services for consumer purposes. Vegan products include foods and beverages produced without the use of animal or animal ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, vegetable protein-based tofu, and vegetable protein-based meat.
One of the trends in the vegan market is the production of meat using cell-based technology. Cell-by-cell identical meat is produced in factories without involving the slaughter of animals. Cell-based meat production involves feeding animal cells nutrients and protein, thus eliminating the need to rely on animals for meat. Following the trend, in 2019, Memphis Meats, a US-based cellular-sourced meat company, received investments from Cargill, a US-based food production company, for the production of animal meat. cell-based vegan. Since 2016, other major players like Tyson Foods, a US-based chicken, beef and pork processor and marketer, are also investing in Memphis Meats to support cell-based meat production.
Vegan food products lack certain nutrients. Vegan products do not contain ingredients of animal origin or animal origin. Vegan food does not contain an adequate amount of high quality protein and fat, vegan and vegetarian diets lack many very important minerals such as calcium, iron and zinc. According to a 2020 study published by BMC Medicine, vegans have a higher risk of fractures compared to meat eaters, fish eaters, and vegetarians. The strongest associations were seen for hip fractures, for which fish eaters, vegetarians, and vegans were at higher risk. This is due to inadequate calcium intake on a vegan diet. Therefore, the lack of essential nutrient factor impacts the growth of the vegan market.
An increase in concern for the environment among the population is driving the growth of the vegan market. The raising and raising of livestock such as pigs, chickens, cows, goats on farms contributes to the greenhouse effect. Greenhouse gases are released from farming livestock, such as cows, and the released gases block the escape of atmospheric heat, increasing the overall temperature. The demand for animal meat requires an excessive practice of animal husbandry. Thus, the increase in the number of consumers of vegan food, eliminates the demand for excessive livestock, after a decrease in the emission of greenhouse gases to the environment.
For more information on this report, visit https://www.researchandmarkets.com/r/j8hd8h
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