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).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.
Global Vegan Food Market Recent Developments & Report Snapshot
Recent Developments:
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In March 2023, Beyond Meat announced the launch of its new Beyond Steak, expanding its product lineup with a plant-based steak aimed at capturing a larger share of the meat substitute market
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In August 2021, Oatly secured an acquisition of a significant share in a production facility in the U.S. to enhance its production capacity for plant-based dairy alternatives
Parameters | Description |
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Market | Global Vegan Food Market |
Study Period | 2021 - 2031 |
Base Year (for Vegan Food Market Size Estimates) | 2024 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
In this report, the Global Vegan Food Market has been comprehensively segmented by Product, Distribution Channel, and Geography to provide a detailed analysis of this rapidly growing sector.
The segmentation by Product covers a wide array of vegan food categories catering to diverse consumer preferences. This includes plant-based alternatives to traditional animal-derived products such as dairy-free milk, vegan cheese, meat substitutes like tofu and seitan, and ready-to-eat meals like vegan burgers, pizzas, and sandwiches. Each category within this segment reflects the expanding variety and innovation within the vegan food market, driven by increasing consumer demand for healthier, ethical, and sustainable food options.
The Distribution Channel segment identifies how vegan food products reach consumers worldwide. It includes channels such as supermarkets and hypermarkets, specialty stores focusing on organic and health foods, online retail platforms, foodservice outlets including restaurants and cafes offering vegan menus, and direct-to-consumer channels. Each distribution channel plays a crucial role in reaching different consumer demographics, from convenience-driven shoppers in supermarkets to health-conscious consumers seeking specific vegan options in specialty stores.
Geographically, the market is analyzed across key regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each region exhibits unique market dynamics influenced by factors such as dietary preferences, cultural norms, regulatory landscapes, and the availability of vegan-friendly products. North America and Europe currently dominate the market due to high consumer awareness, robust vegan food infrastructure, and supportive regulatory environments. However, regions like Asia Pacific and Latin America are also experiencing rapid growth, driven by increasing urbanization, changing lifestyles, and rising awareness of health and environmental sustainability.
This segmentation provides a comprehensive overview of the Global Vegan Food Market, highlighting key trends, growth drivers, and challenges within each segment. It enables stakeholders, including manufacturers, retailers, and investors, to strategically position themselves in this evolving market landscape, capitalize on emerging opportunities, and meet the evolving preferences of consumers worldwide.
Global Vegan Food Segment Analysis
In this report, the Global Vegan Food Market has been segmented by Product , Distribution Channel and Geography.
Global Vegan Food Market, Segmentation by Product
The Global Vegan Food Market has been segmented by Product into Dairy Alternatives, Meat Substitutes and Others.
These alternatives are gaining popularity among consumers seeking dairy-free options due to lactose intolerance, dietary preferences, or ethical concerns related to animal welfare. The growing variety and improved taste and texture of these products contribute to their increasing adoption in mainstream markets worldwide.
Meat Substitutes represent another significant segment within the Global Vegan Food Market, offering alternatives to traditional meat products derived from animals. These substitutes include plant-based burgers, sausages, nuggets, and other meat analogs made from ingredients like soy, wheat gluten (seitan), peas, lentils, and mushrooms. They provide a sustainable and cruelty-free option for consumers looking to reduce their meat consumption for health, environmental, or ethical reasons. The advancement in technology and food science has led to the development of meat substitutes that closely mimic the taste, texture, and nutritional profile of meat, further driving their acceptance and integration into mainstream diets.
The "Others" category includes a variety of vegan food products such as plant-based eggs, seafood substitutes, ready-to-eat meals, snacks, and condiments. These products cater to diverse consumer preferences and dietary needs, offering innovative alternatives that align with the growing demand for plant-based and sustainable food choices globally. As consumer awareness of health, environmental, and ethical considerations continues to rise, the Vegan Food Market is expected to expand further, driven by continuous product innovation and increasing availability across retail channels.
Global Vegan Food Market, Segmentation by Distribution Channel
The Global Vegan Food Market has been segmented by Distribution Channel into Offline and Online.
Offline channels encompass traditional brick-and-mortar retail outlets such as supermarkets, hypermarkets, specialty stores, convenience stores, and natural food stores. These physical retail spaces remain crucial for reaching a broad consumer base, offering a hands-on shopping experience where consumers can directly see and select from a variety of vegan food options. Supermarkets and hypermarkets, in particular, play a significant role in the distribution of vegan foods due to their wide reach and extensive product offerings. Specialty stores and natural food stores cater specifically to health-conscious consumers seeking organic, plant-based, and ethically sourced products, thereby contributing to the growth of the vegan food market in these segments.
Online channels have emerged as a rapidly growing distribution avenue for vegan foods, driven by the convenience of e-commerce platforms and the increasing preference for online shopping. Consumers can conveniently browse a wide selection of vegan products, compare prices, read reviews, and make purchases from the comfort of their homes. Online retailers, including dedicated vegan food websites and mainstream e-commerce giants, offer a diverse range of vegan food items, often including exclusive products and niche brands that may not be readily available in physical stores. The online segment of the Vegan Food Market is expanding due to its accessibility, convenience, and ability to reach consumers globally, thereby complementing the traditional offline distribution channels.
Overall, the segmentation by Distribution Channel highlights the dual approach of reaching consumers through established physical retail outlets and leveraging the growing opportunities presented by online platforms to meet the increasing demand for vegan food products worldwide.
Global Vegan Food Market, Segmentation by Geography
In this report, the Global Vegan Food Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Vegan Food Market Share (%), by Geographical Region, 2024
North America and Europe are prominent markets for vegan foods, driven by increasing consumer awareness of health and sustainability issues, as well as growing concerns over animal welfare. These regions have witnessed significant adoption of vegan diets, supported by a well-established infrastructure for plant-based food production and distribution. The availability of a wide range of vegan alternatives, including dairy substitutes, meat analogs, and plant-based snacks, contributes to the robust growth of the market in these regions.
Asia Pacific represents a rapidly growing market for vegan foods, fueled by changing dietary habits, urbanization, and rising disposable incomes. Countries like China, India, and Japan are witnessing a surge in demand for vegan products, driven by health-conscious consumers seeking nutritious and environmentally friendly food options. The region also benefits from a rich culinary tradition that incorporates plant-based ingredients, further propelling the expansion of the vegan food market.
In contrast, the Middle East and Africa, along with Latin America, present emerging opportunities for the vegan food market. While these regions traditionally have strong meat-based culinary traditions, there is a growing shift towards plant-based diets driven by health trends, environmental concerns, and increasing awareness of animal rights. As consumer preferences evolve and demand for vegan options rises, these regions are seeing a gradual but steady adoption of vegan food products, supported by initiatives to promote healthier eating habits and sustainable food production practices.
Overall, the segmentation by Geography underscores the global nature of the vegan food market, highlighting regional variations in consumer behavior, regulatory landscapes, and market opportunities that shape the growth trajectory of vegan food products worldwide.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Vegan Food Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Health and Wellness
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Animal Welfare Concerns - The Global Vegan Food Market is experiencing robust growth driven by increasing awareness and concerns about animal welfare. As consumers become more conscious of the ethical implications of food choices, there is a growing shift towards plant-based diets. Vegan foods, which exclude all animal products including meat, dairy, eggs, and honey, are gaining popularity not only among vegetarians and vegans but also among flexitarians and health-conscious individuals seeking alternatives that align with their values.
The rise of animal welfare concerns has sparked a surge in demand for vegan food products across various categories. Plant-based meat substitutes, dairy alternatives like almond milk and soy yogurt, vegan cheeses, and egg replacements are among the innovative offerings that cater to this expanding market. Companies in the vegan food industry are investing in research and development to enhance the taste, texture, and nutritional profile of these products, further fueling market growth.
Moreover, initiatives promoting animal rights and sustainable agriculture practices are influencing consumer behaviors and purchasing decisions. As these concerns continue to shape dietary choices globally, the vegan food market is poised for continued expansion, supported by a growing consumer base seeking healthier, ethical, and environmentally friendly food options.
Restraints :
- Veganism Goes Global
- Price Factor
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Availability - The Global Vegan Food Market has witnessed significant growth and availability in recent years, driven by increasing consumer awareness of health, ethical, and environmental concerns. Vegan food products, which exclude all animal-derived ingredients such as meat, dairy, eggs, and honey, are now widely available across various retail channels worldwide.
In developed regions like North America and Europe, the availability of vegan food options has expanded rapidly in supermarkets, specialty stores, and online platforms. Major food retailers and grocery chains have dedicated sections or aisles specifically for vegan products, catering to a growing segment of health-conscious and environmentally aware consumers.
In emerging markets across Asia Pacific, Latin America, and parts of Africa, the availability of vegan food is also on the rise, driven by urbanization, changing dietary preferences, and increased awareness of sustainability issues. Local and international food brands are introducing vegan alternatives tailored to regional tastes and preferences, contributing to the market's diversification and accessibility.
Overall, the global availability of vegan food reflects a broader shift towards plant-based diets driven by health benefits, ethical considerations, and sustainability goals. As consumer demand continues to grow, the vegan food market is expected to expand further, supported by innovations in food technology and distribution channels that make vegan options more accessible and appealing to a wider audience.
Opportunities :
- Continued Innovation
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Focus on Sustainability - The Global Vegan Food Market is not only expanding rapidly but also placing a strong emphasis on sustainability across its supply chain and product offerings. Vegan foods, which exclude all animal-derived ingredients, inherently promote ethical and sustainable practices by reducing the environmental footprint associated with animal agriculture. Beyond this inherent benefit, the market is actively embracing sustainability in several key areas.
Firstly, the sourcing of ingredients plays a crucial role. Many vegan food manufacturers prioritize organic and locally sourced ingredients to minimize transportation emissions and support sustainable farming practices. Moreover, there is a growing trend towards using ingredients that are certified as Fair Trade or Rainforest Alliance, ensuring ethical treatment of workers and conservation of biodiversity.
Secondly, packaging is another critical focus area. Sustainable packaging solutions, such as biodegradable materials, recyclable packaging, and minimizing single-use plastics, are becoming standard practices among vegan food brands. These efforts not only reduce environmental impact but also resonate with environmentally conscious consumers who prioritize waste reduction and responsible consumption.
Overall, the Global Vegan Food Market's commitment to sustainability extends beyond just the absence of animal products. It encompasses a holistic approach that integrates ethical sourcing, environmentally friendly packaging, and transparent supply chains. As consumer awareness about sustainability grows, these practices not only differentiate brands in a competitive market but also contribute positively to global efforts towards environmental conservation and sustainable development goals.
Competitive Landscape Analysis
Key players in Global Vegan Food Market include
- Amy's Kitchen
- Danone S.A
- The Archer Daniels Midland Company
- Daiya Foods Inc
- Beyond Meat
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Vegan Food Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Health and Wellness
- Animal Welfare Concerns
- Restraints
- Veganism Goes Global
- Price Factor
- Availability
- Opportunities
- Continued Innovation
- Focus on Sustainability
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Vegan Food Market, By Product , 2021 - 2031 (USD Million)
- Dairy Alternatives
- Cheese
- Dessert
- Snacks
- Meat Substitutes
- Tofu
- TVP
- Seiten
- Quorn
- Others
- Global Vegan Food Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Offline
- Online
- Global Vegan Food Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Vegan Food Market, By Product , 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Amy's Kitchen
- Danone S.A
- The Archer Daniels Midland Company
- Daiya Foods Inc
- Beyond Meat
- Company Profiles
- Analyst Views
- Future Outlook of the Market