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Vegan Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Author(s):

Product Code:7431

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Published on

May 2020

Total pages

300

Table of Content

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About the Report

About the Report

Major players in the vegan market are Amy's Kitchen, VITASOY International Holdings Ltd., Beyond Meat, Tofutti Brands, Plamil Foods Ltd., Danone S.A., Vbites Foods Ltd., Eden Foods Inc., Whitewave Foods Company Inc, Sun Opta Inc.
 
The global vegan market is expected to grow from USD 14.80 billion in 2019 and to USD 15.12 billion in 2020 at a growth rate of 2.13%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 20 billion in 2023 at CAGR of 9.79%.
 
The vegan market consists of the sale of vegan products and related services for consumption purposes. Vegan products include food and beverages produced without the use of animal ingredients or animal-derived ingredients. Vegan food products include fruits and vegetables, legumes such as peas, beans, plant protein-based tofu and plant protein-based meat.
 
Europe was the largest region in the vegan market in 2019. North America was the second largest region in the vegan market in 2019.
 
One of the trends in the vegan market is the production of meat through cell-based technology. The cell-by -cell identical meat is produced in factories without involving the killing of animals. Production of cell -based meat involves feeding the animal cells with nutrients and proteins thus, eliminating the need for dependence on animals for meat. Following the trend, in 2019, Memphis Meats, a U.S.A based cell-based meat startup, received investments from Cargill, a U.S.A based food production company, for the production of cell-based vegan animal meat. Since 2016, other major players such as Tyson Foods, an U.S.A. based processor and marketer of chicken, beef, and pork , are also investing in Memphis Meats in order to support the cell -based meat production.
 
Vegan food products lack certain nutrients. Vegan products do not contain any animal ingredients or animal-derived ingredients. Vegan food doesn't contain an adequate amount of high-quality protein and fats, vegan and vegetarian diets lack in many very important minerals, such as calcium, iron, and zinc. According to a study published in 2007 by the European Journal of Clinical Nutrition (EJCN) in comparative fracture risk in different diet groups., it was found that the vegan diet group has higher fracture risk as compared to meat-eaters, fish eaters, and vegetarians. This is due to an inadequate calcium intake in a vegan diet. Therefore, the lack of essential nutrients factor impacts the growth of the vegan market.
 
In December 2018, Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, acquired The Vegetarian Butcher for an undisclosed amount. The acquisition fits with Unilever's strategy to expand its portfolio into plant-based foods that are healthier and have a lower environmental impact. The Vegetarian Butcher is a food and beverages company working towards the production of plant-based meat production and is headquartered in the Netherlands.
 
An increase in the concern about the environment among the population is driving the growth of the vegan market. Rearing and breeding of livestock such as pigs, hens, cows, goats in farms contributes to the greenhouse effect. Greenhouse gases are released from agriculture of livestock such as cows and the gases released block the atmospheric heat from escaping which increases the overall temperature. The demand for animal meat requires excess practice of animal farming. Thus, increase in the number of consumers for vegan food, eliminates the demand for excessive animal farming, following a decrease in emission of greenhouse gases in the environment. According to the United States Environmental Protection Agency, in 2017, animal agriculture contributes to 9% of total greenhouse gas emissions in the United States. Thus, an increase in the concern about the environment among the population is driving the growth of the vegan market.
 

Products

Products

1) By Product Substitute: Dairy Alternative; Meat Substitute; Others 2) By Distribution Channel: Online; Offline


Companies

Amy's Kitchen; VITASOY International Holdings Ltd.; Beyond Meat; Tofutti Brands; Plamil Foods Ltd.; Danone S.A.; Vbites Foods Ltd.; Eden Foods Inc.; Whitewave Foods Company Inc; Sun Opta Inc.; Pascual Group; Bhlue Diamond Growers; Archer Daniel Midland Company; Earth's Own Food Company Inc; Panos Brand LLC.; Bhlue Diamond Growers; Hain Celestial Group Inc.; Organic Vallet Corporative; Living Harvest Food Inc.; Morningstar Farms; MGP Ingridents Inc.; Sonic Biochem Extractions Limited; ADM; Duopont; The Nisshin Oillio Group; Schouten Europe; Memphis Meats; Alpha Foods; Corbion Biotech Inc.; Famleigh Inc.; Alpro

Table of Contents

Table of Contents

1. Executive Summary

2. Vegan Market Characteristics

3. Vegan Market Size And Growth

3.1. Global Vegan Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Vegan Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Vegan Market Segmentation

4.1. Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Dairy Alternative

Meat Substitute

Others

4.2. Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Online

Offline

5. Vegan Market Regional And Country Analysis

5.1. Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Vegan Market

6.1. Asia-Pacific Vegan Market Overview

6.2. Asia-Pacific Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Vegan Market

7.1. China Vegan Market Overview

7.2. China Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Vegan Market

8.1. India Vegan Market Overview

8.2. India Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Vegan Market

9.1. Japan Vegan Market Overview

9.2. Japan Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Vegan Market

10.1. Australia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Vegan Market

11.1. Indonesia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Vegan Market

12.1. South Korea Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Vegan Market

13.1. Western Europe Vegan Market Overview

13.2. Western Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Vegan Market

14.1. UK Vegan Market Overview

14.2. UK Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Vegan Market

15.1. Germany Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Vegan Market

16.3. France Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Vegan Market

17.1. Eastern Europe Vegan Market Overview

17.2. Eastern Europe Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Vegan Market

18.1. Russia Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Vegan Market

19.1. North America Vegan Market Overview

19.2. North America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Vegan Market

20.1. USA Vegan Market Overview

20.2. USA Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Vegan Market

21.1. South America Vegan Market Overview

21.2. South America Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Vegan Market

22.1. Brazil Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Vegan Market

23.1. Middle East Vegan Market Overview

23.2. Middle East Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Vegan Market

24.1. Africa Vegan Market Overview

24.2. Africa Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Vegan Market Competitive Landscape And Company Profiles

25.1. Vegan Market Competitive Landscape

25.2. Vegan Market Company Profiles

25.2.1. Amy's Kitchen

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. VITASOY International Holdings Ltd.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Beyond Meat

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Tofutti Brands

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Plamil Foods Ltd.

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Vegan Market

27. Vegan Market Trends And Strategies

28. Vegan Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Amy's Kitchen Financial Performance

Figure 27: VITASOY International Holdings Ltd. Financial Performance

Figure 28: Beyond Meat Financial Performance

Figure 29: Tofutti Brands Financial Performance

Figure 30: Plamil Foods Ltd. Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Vegan Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Vegan Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Vegan Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Vegan Market, Segmentation By Product Substitute, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Amy's Kitchen Financial Performance

Table 27: VITASOY International Holdings Ltd. Financial Performance

Table 28: Beyond Meat Financial Performance

Table 29: Tofutti Brands Financial Performance

Table 30: Plamil Foods Ltd. Financial Performance

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