Global Vegan Food Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product ;

Dairy Alternatives - Cheese, Dessert & Snacks, Meat Substitutes - Tofu, TVP, Seiten, Quorn, and Others, Others.

By Distribution Channel;

Offline and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn763886537 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegan Food Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegan Food Market was valued at USD 31,081.76 million. The size of this market is expected to increase to USD 59,327.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.7%.

Increasing awareness of the benefits of following a vegan diet is a primary driver of market growth. Concerns about animal health and welfare have prompted a significant shift from animal-based to plant-based meals among consumers. This change in consumer preference has led to a notable increase in the consumption of vegan food. For example, Grubhub, a major online food delivery app, reported a 17% surge in vegan food deliveries in 2021 alone.

The COVID-19 pandemic significantly impacted various industries, including food, disrupting supply chains and distribution channels globally. However, the plant-based food category proved resilient during this period. Online food retailer ShelfNow, for instance, saw a remarkable 156% increase in vegetarian meal sales and a 150% rise in vegan meal sales between 2020 and 2021, highlighting the sector's robust performance amid challenging circumstances.

Despite its popularity, the production of vegan food is often costlier than animal-based alternatives due to the higher expense of plant-based ingredients. This pricing disparity could hinder widespread adoption in low and middle-income countries. Nevertheless, advancements in food technology, such as Motif FoodWorks, Inc.'s work with extrudable fat and prolamin technologies for plant-based meat and cheese, offer promising opportunities for enhancing flavors and textures, potentially expanding market appeal.

Furthermore, the global rise in popularity of plant-based foods underscores broader interest in veganism worldwide. Regions like the U.K., Israel, New Zealand, Australia, and Austria have shown particularly strong interest in veganism, according to Google Trends data from 2004 to 2022. Moreover, there is a noticeable trend towards reduced meat consumption among consumers, as evidenced by findings from Gallup Poll showing that 23% of Americans reported eating less meat in 2019 compared to 2018. These trends collectively support the growing momentum of the vegan food market on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Vegan Food Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health and Wellness
        2. Animal Welfare Concerns
      2. Restraints
        1. Veganism Goes Global
        2. Price Factor
        3. Availability
      3. Opportunities
        1. Continued Innovation
        2. Focus on Sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Vegan Food Market, By Product , 2021 - 2031 (USD Million)
      1. Dairy Alternatives
      2. Cheese
      3. Dessert
      4. Snacks
      5. Meat Substitutes
      6. Tofu
      7. TVP
      8. Seiten
      9. Quorn
      10. Others
    2. Global Vegan Food Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    3. Global Vegan Food Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Amy's Kitchen
      2. Danone S.A
      3. The Archer Daniels Midland Company
      4. Daiya Foods Inc
      5. Beyond Meat
  7. Analyst Views
  8. Future Outlook of the Market