The vegan diet has gained tremendous popularity in recent years. Environmental and ethical concerns are the primary factors driving the uptake of this diet. Vegans do not consume meat, eggs, and dairy products as well as avoid products produced or manufactured using animal-origin raw materials. They even exclude products with trace amounts of animal products, such as some types of wines and white sugar refined with animal byproducts. The consumption of vegan food has increased in the U.S., New Zealand, Australia, the U.K., Sweden, Israel, Ireland, Canada, Austria, and Germany over the last couple of years. Thus, these countries register the most significant demand in upcoming years. The meat and animal food products market in Sweden and the U.S. has seen a sudden drop down in consumption in the past few years. India is a prominent country for the vegan food market and pegged as the global leader. A little over one-third of the countryโs population is vegetarian for religious or ethical beliefs, and some portion of this population is likely to switch to veganism in the coming years, according to US National Library of Medicine National Institutes of Health.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง,๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ญ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐๐ซ๐ โฆ https://straitsresearch.com/report/vegan-food-market/request-sample
In Western Europe, Germany, France, and the U.K. are witnessing a decline in the per capita consumption of meat, and key players in the meat substitute space, such as Cauldron Foods and Quorn Foods, are observing rising competition. Europe presents a significant opportunity in the vegan food market, with participants focusing on expansion and capacity enhancements to sustain competition and capture larger market shares.
The rising prevalence of obesity in Europe is overseeing the transition to veganism among the populace. As per the WHO, approx. 10โ30% of the regional population is obese. In the U.K., an increasing number of people are switching to a vegan diet to tackle obesity, which is accelerating the consumption of vegan meat substitutes.
The consumption of vegan foods is rising in tandem with the vegan movement and rising awareness regarding health and the environment in France and Europe, making these countries emerging markets for vegan foods.
Key Players
- Archer Daniels Midland Company
- Amyโs Kitchen, Inc.
- Beyond Meat
- Daiya Foods, Inc.
- Plamil Foods Ltd
- Tofutti Brands, Inc.
- Danone S.A.
- VBites Foods Ltd
- Vitasoy International Holdings Ltd.
- Eden Foods, Inc.
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
